EconomyCommentary
Trump Can Do Better Than Tariff ‘Dividends’ and 50-Year Mortgages
Time is short for the Trump administration. Last week’s elections were a setback, but not a devastating one: New Jersey is still a blue state,… Read More
EconomyAnalysis
Nancy Pelosi Profited as Luxury Napa Resort Won COVID-19 Bailout
The Auberge du Soleil, a five-star hillside hotel and spa with a panoramic view overlooking the vineyards of Napa Valley, appears to be first-rate in… Read More
5 Years of Obama: The Real Story
Considering the country’s weak economic growth of just 0.1 percent last quarter, it is worth reflecting on the recovery effort that President Obama and his… Read More
Paul Krugman: Selective Data Usage
Paul Krugman, in the words of a former New York Times public editor, “has the disturbing habit of shaping, slicing and selectively citing numbers.” Most… Read More
CBO Again Repeats Faulty Methodology to Estimate Impact of Stimulus
There they go again. The Congressional Budget Office (CBO) just released yet another report on the beneficial impacts on the economy of President Obama’s 2009… Read More
White House Still Defending Failed Stimulus Plan Five Years Later
Five years later, it is obvious that President Obama’s stimulus was a failure. This week marks the fifth anniversary of Obama’s 2009 stimulus plan, a… Read More
How President Obama Is Killing Jobs
Five years on and President Obama still refuses to assume responsibility for his woeful economic record. The buck stops with Republicans, other countries, changes in… Read More
European Central Bank Lowers Interest Rates, Trumping “Zero Lower Bound” Theory
The European Central Bank (ECB) lowered a key interest rate to 0.25 percent on Thursday. This is a big deal, since it demonstrates that the… Read More
Tax Revenue Rose Five Times Faster Than Spending Fell in 2013
The monthly Treasury statement of the actual budget figures for 2013 this week shows tax revenue rising five times faster than spending fell in 2013…. Read More
Farm Bills Would Cost More Than Obama Stimulus
The House and Senate are considering farm bill legislation this week whose costs should raise red flags for all Americans. In fact, the House and… Read More
The Story on November’s Food Stamps “Cuts”
The latest buzz about food stamps is that benefit amounts will be “cut” beginning November 1. But what is this “cut”? Basically, it’s the benefit… Read More
Look Closer: Tax Increases, Not Spending Cuts, Are the Harmful Austerity
Proponents of government spending want to use the recent history of Europe as evidence that spending cuts are harmful, but their arguments lose traction when… Read More
Japan’s Revolving Door Tax
Prime Minister Shinzo Abe is likely to increase Japan’s sales tax from 5 percent to 8 percent next year. Abe and his close ally Haruhiko… Read More
Poll Reveals “A Nation Confused” on Common Core National Standards
A bundle of federal incentives encouraged 45 states to adopt Common Core national standards and tests. But a new poll shows that most Americans have… Read More
Don’t Ignore Costs of “Stimulus”
Shocking new economic research has shown that receiving large gifts from the federal government is actually beneficial to states. That is not such a… Read More
Americans Don’t Need More of Obama’s Stimulus Spending
In a series of campaign-style speeches, President Obama has laid out recycled economic proposals, which include yet another tax increase to pay for $50 billion… Read More
EconomyNews
“Buy American” Laws: An Illusion of Patriotism
Who could oppose “Buy American” measures that appear to support American manufacturing and create jobs? On the surface, that’s what the All-American Flag Act seems… Read More
Health CareNews
900,000 Reasons Obamacare Is Bad: Moving Americans from Work to Welfare
Obamacare is not only hurting small businesses and economic growth. It might also give nearly a million low-income individuals a reason to leave work for… Read More
Obama on Infrastructure: Wrong Again on Government “Investments”
In yet another summer speech on the economy yesterday, President Obama trotted out familiar tax-and-spend ideas, this time pairing his latest call for a tax… Read More
Obama’s New “Grand Bargain” Is Another Tax Increase
President Obama gave his second in series of summer speeches on the economy today. Like his first speech last week, he recycled several old policies… Read More
EconomyNews
Sequestration Helps Force Needed Spending Cuts and Enables Private-Sector Jobs
The Congressional Budget Office (CBO) released a letter this week describing how canceling sequestration in 2014 would affect the economy. The CBO dutifully plugged the… Read More
ANALYSIS | Obama’s Economic Speech: Another Summer Rerun
President Obama traveled to Illinois today to give the same tired, worn-out economic speech he’s been giving for almost five years now. Rather than offering… Read More
Greece: Austerity Doesn’t Involve Public-Sector Layoffs
Slate’s Matthew Yglesias might be attacked as an “austerity denier” now that he has joined Heritage’s Salim Furth in pointing out that there is a… Read More
Cut Government Spending to Help the Economy? Majority Say Yes
A recent Rasmussen poll (subscription required) found that 65 percent of likely voters want the government to cut spending to help alleviate the country’s economic… Read More
China’s Financial Quandary: Get Used to It
The finance media are discovering that China has trapped itself with bad monetary policy, joining a long list of countries in this situation. The media… Read More
For the Record: Tax Increases Are Harmful, but Europe Has Pursued Them Anyway
Heritage economist Salim Furth gave testimony last week to the Senate Budget Committee, reminding the Senators that economic research shows that deficit reduction should be… Read More
Austerity and Stimulus: A Response to The Washington Post
Journalists should check with both sides before committing pen to paper, especially those at respectable outlets like The Washington Post. It would have served Post… Read More
Treasury Employs Extraordinary Measures to Spend Beyond Debt Limit
After hitting the debt limit on March 19, the Treasury Department under Secretary Jack Lew is now employing its toolset of “extraordinary measures” to continue… Read More
Meretricious? Senator Whitehouse Is Projecting
Senator Sheldon Whitehouse (D-RI) spent eight minutes berating me at a Senate Budget Committee hearing yesterday. He disliked the facts I presented on austerity, so… Read More
The High Cost of Offshore Wind: Is Cape Wind the Next Solyndra?
Opponents have called it “another Solyndra waiting to happen.” An estimated $2.6 billion offshore wind project near Massachusetts could be awarded a $350 million Department… Read More
