stimulus

Without Authority, There Is No Freedom

Dr. Ben Carson offers some badly needed wisdom when he speaks about the vandalism, looting, and other forms of anti-social behavior that seem to be escalating in the United States. The remedy to the problem, he states, lies within the family. Unfortunately, “it is almost politically incorrect to talk about family values,” he told Fox [...]

Numbers Don’t Lie

  President Obama’s effort to enact a $447 billion stimulus bill was derailed by rejection of the plan in the U.S. Senate. The administration and Democratic leaders have vowed to resubmit it later in various pieces, a strategy designed to wring political favor from the tragedy of high unemployment while avoiding any culpability for an [...]

What ‘Developing’ Countries Can Teach the U.S.

As Barack Obama huffs and puffs about his tax plan, which is unlikely to pass in the Democratic-majority Senate much less the Republican-controlled House, Robert Zoellick, president of the World Bank, has provided a much broader view of where the United States stands amid great changes in the world and some useful guidance on what [...]

A History of Short-Term Solutions

  History proves that fiscal policies can be effective in stimulating private demand in a downturn. To be meaningful, however, the actions must be large enough to restart influential economic sectors and sufficiently broad-based to incentivize consumption. History also shows that temporary measures or narrowly targeted programs simply do not work. The Obama Administration came [...]

Talking Point Politics

No one is more of a master of political talking points than President Barack Obama. Remember "shovel-ready projects"? These were construction projects where the shovels were supposed to start digging the moment the government gave them the "stimulus" money. Two years later, Obama can joke about the fact that the shovels were not as ready [...]

Stimulus to Nowhere

Mired in excruciating negotiations over the budget and the debt ceiling, President Barack Obama might reflect that things didn't have to turn out this way. The impasse grows mainly out of one major decision he made early on: pushing through a giant stimulus. When he took office in January 2009, this was his first priority. [...]

Three Neglected Economic Lessons from American History

In most, if not all, states, pupils must pass a course in American history to receive a high-school diploma. Unfortunately, when it comes to our country’s economic history, most students are poorly taught, perhaps wrongly taught. Mythology and error prevail where facts and truth should reign. Some economists and historians have made excellent contributions to [...]

The Right Stuff

Eighteen months later and billions of dollars spent have not resulted in the new jobs that the stimulus program was intended to create. Private-sector employment has actually declined an estimated two million additional persons since the inauguration of the program. The elusive goal of creating private-sector jobs is the subject of much commentary among economists, [...]

AP: Throwing money at road projects does NOT create jobs

Remember all that talk about how the Bush and Obama stimulus packages were going to create jobs with new public works projects? Well, it hasn't quite turned out that way. The infrastructure projects are lined up, sure -- along with their sizable price tags -- but the new jobs are nowhere to be found.   [...]

The Coming Storm

Years ago when our children were young we had a summer cabin on a lake in the mountains of upstate New York. Every now and then, an idyllic summer day would be interrupted by a violent storm. Typically the storm was preannounced by the sudden appearance of dark clouds that gave way to torrents of [...]

Those Government Checks

You've surely heard of the economic stimulus payments that the government is planning to send out this summer. Most people will receive $300. The government hopes that we will all rush out to buy things, and that this will revive a slumping economy. Trying to stimulate the economy with an infusion of cash is not [...]

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