The economists at e21 take a long look at a new study by Daniel Wilson at the San Francisco Fed on the effect on employment from the Obama administration’s stimulus plan, which indicates that the impact was a lot less than advertised. Instead of adding two million jobs to the economy, the Fed finds that… [Read more…]
October 21, 2010
The NY Times has an epic piece titled “The Education of President Obama” which kicks off on page one with some real show-stoppers. First, there’s the President’s self-congratulatory “admission” that: Given how much stuff was coming at us… we probably spent much more time trying to get the policy right than trying to get the… [Read more…]
October 5, 2010
Watch the rambling non-answer given by Richard Blumenthal during the Connecticut debate last night. Linda McMahon directly challenged the lifetime public-sector official to describe how jobs get created, and Blumenthal showed that he clearly has no clue (via Real Clear Politics): We should create jobs by “creative policies”? Bzzzz! Sorry, wrong answer, but thank you… [Read more…]
October 5, 2010
Of course they’re not, says Dan Mitchell of the Center for Freedom and Prosperity. Most obviously, we can simply start cutting vast amounts of federal agencies in jurisdictions outside those granted the federal government by the Constitution. But as Mitchell puts it, no one in Washington cares about the Constitution anyway. You know what they… [Read more…]
October 5, 2010
Congress left Washington without addressing the massive tax hikes that will come at the end of the year as the tax-rate reductions of 2001 and 2003 expire. Absent action on Capitol Hill, those increases will take $4 trillion out of the economy over the next ten years — and even if the lower tax bracket… [Read more…]
September 27, 2010
The Left was unable to paint the Tea Party as anarchists, violent lunatics, or racists. The feeble attempt to suggest they should really be focusing their ire at George W. Bush or the Republican Party fizzled into embarrassed silence. Like a clumsy kid going deep into the dinnerware department to catch a Nerf football pass… [Read more…]
September 24, 2010
The Obama administration has insisted that their policies and subsidies have created a boom in so-called “green jobs,” with an additional 200,000 positions created in the alternative-energy or environmental industries. How did the White House get that number? Chuck Grassley has been demanding an explanation, and as Byron York reports, the numbers suddenly look more… [Read more…]
September 8, 2010
At this point, it would be helpful to recall how much spending Democrats have added to the annual federal budget since taking control of Congress: over a trillion dollars. The final budget from the Republican-controlled Congress, FY2007, spent $2.77 trillion and had a deficit of just under $200 billion, even with the war included. The… [Read more…]
September 7, 2010
This obviously is an AFL-CIO/Democrat Party talking point. Remember on Friday when the AFL-CIO Secretary-Treasurer, Elizabeth Shuler initiated the “Obama created more jobs than Bush” myth on MSNBC? Remember too, a few weeks back when Trumka said “We don’t have a deficit crisis”? These Union thugs must think that Americans are as powerless as their… [Read more…]
September 7, 2010
When the latest jobless report came out on Friday, Barack Obama decided he had to talk about it right away — especially since he’s been on vacation for the previous several weeks and hadn’t addressed the faltering economy for most of the summer. Jake Tapper noticed that Obama avoided talking about the actual jobless figure,… [Read more…]
December 6, 2010
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