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Spending Limit Amendment Cannot Be Ignored
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Spending Limit Amendment Cannot Be Ignored

Congressmen Jeb Hensarling (R-TX), Mike Pence (R-IN) and John Campbell (R-CA) last week introduced the Spending Limit Amendment to the U.S Constitution. This constitutional amendment would ensure that federal spending will not exceed one-fifth of the nation's economy. The spending limit, if passed and ratified by the states, can only be suspended by a declaration of war or a two-thirds congressional vote. Rep.

03/09/2010
White House Wrongly Blames Blizzard For 36,000 Jobs Lost in February
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White House Wrongly Blames Blizzard For 36,000 Jobs Lost in February

Today, the Labor Department reported that 36,000 net jobs were lost in the month of February. In comparison, the number of job losses grew from January’s reported 26,000 net job losses. Construction was the hardest hit industry cutting an estimated 64,000 jobs last month. 

03/05/2010
Despite Obama's Announcement, "Cash for Caulkers" Will Not Create Jobs
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Despite Obama's Announcement, "Cash for Caulkers" Will Not Create Jobs

With the national unemployment rate looming around 10 percent, President Obama visited Georgia to attempt to lure Congress into accepting his proposal to make American homes more energy efficient. According to the White House, Obama's plan, officially known as the Homestar program, is expected to create tens of thousands of jobs.

03/03/2010
Obama's Education Plan Against Parental School Choice
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Obama's Education Plan Against Parental School Choice

Today, at an event sponsored by the America’s Promise Alliance, Obama announced that more federal money will be granted to the states in order to improve their failing schools:President Barack Obama is offering $900 million in grants to states and school districts to turn around low-performing schools.

03/01/2010
John Stossel: Keep The Fed Off My Meds
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John Stossel: Keep The Fed Off My Meds

It’s no secret that the cost of prescription drugs continues to rise with no immediate signs of slowing down. In 2009, Americans spent a massive $243 billion on prescription drugs. The White House seems to believe that more health care regulation through government bureaucrats is the only solution for making medications more affordable. However, libertarian John Stossel has a perhaps radical health care reform proposal that has received media coverage within the last few days.

02/26/2010
Employment Outlook Still Dim Despite CBO Report
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Employment Outlook Still Dim Despite CBO Report

The Congressional Budget Office (CBO) released a report claiming that the “stimulus” was responsible for adding between 1 million to 2.1 million workers by the end of 2009. In addition, the CBO predicts that the “stimulus” will have an even greater impact in 2010 bylowering the unemployment rate by 0.7 to 1.8 percentage points.

02/26/2010
Reid's Job Bill Likely to Have Minimal Effect on Unemployment
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Reid's Job Bill Likely to Have Minimal Effect on Unemployment

Yesterday, Reid’s $15 billion jobs bill passed the preliminary vote in the Senate with a 62 to 30 vote with five Republicans voting to proceed with the bill. The New York Times summarizes the bill which includes Social Security tax exemptions, tax credits and reauthorizing the highway trust fund:

02/23/2010
One Year Later: Obama Still Calling "Stimulus" Success
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One Year Later: Obama Still Calling "Stimulus" Success

Yesterday marked the one year anniversary of the massive $787 billion stimulus being signed into law. The White House continues to claim that the stimulus has saved upwards of 2 million jobs in the past year. According to Obama, the “stimulus” has been a record success:

02/18/2010
20,000 Jobs Lost in January
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20,000 Jobs Lost in January

According to recent unemployment reports, an additional 20,000 jobs were lost in January. Despite this loss, the unemployment rate declined from 10 percent to 9.7 percent. It is important to note that the unemployment rate does not account for any discouraged potential workers who are not actively seeking unemployment.

02/09/2010
White House Says Unemployment Down Yet Actual Unemployment Up
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White House Says Unemployment Down Yet Actual Unemployment Up

Last Friday, the Labor Department reported that in January the unemployment rate had fallen from 10 to 9.7 percent. The White House claimed that this was positive news that the economy was improving. However, upon closer examination, the Labor Department’s job statistics are seasonally adjusted.

02/09/2010

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