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Just two short years ago, seems longer to me, the Obama administration hailed that it was to be “The Summer of Recovery”. The stimulus bill was passed by congress, both the house and senate, of course it was alL under the control of the Democrats. WILD and EXOTIC claims were made that this new law would…
President Obama held a press conference on friday, speaking of how the economy was doing. The president had this to say about Job Creation. “The truth of the matter is we’ve created 4.3 million jobs over the last 27 months, over 800,000 just this year alone. The private sector is doing fine.” Of course the Romney Campaign…
As the President gets ready to propose yet another stimulus I thought it might be nice to review a centuries old retort to government spending as a solution to economic ills called “the broken window fallacy”. First proposed by 19th century Frederic Bastiat a French classical liberal theorist, political economist. It’s a short video but one worth watching and remembering…
Well, there’s a shock. The new economist in chief at the White House, Austan Goolsbee tells ABC’s This Week, don’t look for unemployment to fall. Actually he also wouldn’t make any predictions about how many jobs the President’s new stimulus would create? In fact, he pretty much didn’t say much except, well, trust me, this…
I wish I could take credit for this, but I can’t. My producer Bob Joyce pointed this one out and the more I thought about it, the more I realized he is right. Peggy Joseph is indeed a prophet among us. And you laughed. Ok, and I did too.
On Wednesday, the Senate overcame a filibuster for a bill that would send $26 billion to the states to “prevent teacher layoffs and help states with Medicaid costs”. The bill will now pass the Senate this week. As a result, Speaker of the House, Nancy Pelosi (D. Ca.) has quickly called all House members back from their…
Spoken like a true lefty. Tax cuts for the rich are useless. Tax cuts for the poor stimulate the economy. Yada, yada, etc, etc. I actually want to cut the Harvard professor a break. He’s the economist, I’m not. But to simply dismiss cutting taxes for one group has more economic benefit is absurd on its face.…
As Ed Morrissey at Hot Air said so many months ago , “if your are going to make up a number, why don’t you just say the stimulus created or saved a gazillion jobs?” Indeed … and Charles nails it. Say whatever you want, make up whatever you want, the hard numbers tell another story.
The Congress-critters have done it once again. Last summer when pay-as-you-go legislation was passed in the House, it was political theater providing the illusion Congress was concerned about the deficit. But there were loopholes, always loopholes.