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Los Angeles Government Creates Only 55 Jobs with $111 Million “Stimulus”
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Los Angeles Government Creates Only 55 Jobs with $111 Million “Stimulus”

The late Noble Prize winning economist Milton Friedman once stated: When a man spends his own money to buy something for himself, he is very careful about how much he spends and how he spends it…And when a man spends someone else's money on someone else, he doesn't care how much he spends or what he spends it on.

09/20/2010
Business Knows More than Obama
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Business Knows More than Obama

A government with moral and legal authority promulgates written rules and universally, impartially and uniformly enforces the rules, which provides a predictable and stable legal order on which to base economic and personal decisions.  The law prevails, not the proclamation or arbitrary decision of a ruler, government bureaucrat, the enforcer (e.g., policeman) or judge.

07/19/2010
Sign the Petition: No Lame Duck!
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Sign the Petition: No Lame Duck!

Rumors are swirling in Washington, D.C. about a potential "Lame Duck" session that could be held right after the November elections and before the new Congress is sworn-in. If liberals are thrown out of power in Congress this election cycle, the pressure will be that much greater and Harry Reid and Nancy Pelosi will pull out all the stops as a last gasp to enact their socialist agenda. Specifically, the far left will be doing whatever they can to: 1. Pass the Cap and Trade Energy Tax Hike! 2. Slap American Taxpayers with another "Stimulus" Bailout Scheme!

06/30/2010
Congressional Democrats Express Dissatisfaction with Obama Budget
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Congressional Democrats Express Dissatisfaction with Obama Budget

A fair share of congressional Democrats have expressed confusion and dissatisfaction with President Obama’s 2011 FY budget proposals. Since the budget was released, it has increasingly been subject to heavy scrutiny and criticisms among Democrats. In addition to fiscally conservative Republicans, a growing number of Democrats are realizing that, in many ways, Obama’s budget is impractical and too costly.

02/04/2010
Stimulus II: A Sequel America Can't Afford
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Stimulus II: A Sequel America Can't Afford

This is a video that explains why America cannot afford another fiscal stimulus.

02/03/2010
When even the AP suggests the stimulus isn't working...
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When even the AP suggests the stimulus isn't working...

When even the liberal Associated Press suggests the stimulus isn't working as we're told, you know the bloom is coming off the Obama rose, and Americans are slowly but surely learning the destructive fiscal folly of his economic policies. In an article reprinted in the Denver Post yesterday entitled "Stimulus jobs overcounted nationwide", two AP reporters lay out details of companies that substantially overstated the number of jobs they claimed to have "saved or created" with stimulus money.

10/29/2009
Stimulus Failing: 49 States Lose Jobs
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Stimulus Failing: 49 States Lose Jobs

Ranking Member of the House Ways and Means Committee, Dave Camp (R-MI), released data which compares the White House’s projected job gains as a result of the stimulus and current change in employment.  

10/22/2009
Obama's Economic Advisor Admits She Can't Ever Know If Stimulus Will Succeed
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Obama's Economic Advisor Admits She Can't Ever Know If Stimulus Will Succeed

Christina Romer, chair of the President’s Council of Economic Advisors, recently admitted in an interview with CNBC’s Maria Bartiromo that it is effectively impossible to accurately measure how many jobs the stimulus saved, will save, created, or will create.

07/16/2009
Stimulus Success? Higher Unemployment
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Stimulus Success? Higher Unemployment

The unemployment rate hit 9.4 percent last month—a 26 year high.  111 days after the passage of the stimulus bill $43.7 billion of it has been spent while over 2 million jobs have been lost.  Today the president announced that they will accelerate the rate of spending and save or create 600,000 jobs over the next hundred days. 

06/08/2009
Keynesian Bubble Reinflation
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Keynesian Bubble Reinflation

Mario Rizzo at NYU has a great article has a great article in this issue of the Freeman explaining how Keynesian stimulus packages can't restore confidence to an economy.  He argues that in order to restore confidence in the market, which Secretary Geithner has claimed is the goal, we have to fix the causes of the problem rather than the symptoms.  A stimulus package does not correct, even in Keynesian terms, the "collective irrationality" that lead to a housing bubble in the first place.  

04/07/2009

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