Regular readers of this blog know that big corporations often are enemies of free markets and individual liberty. So it is hardly suprising to know that the Business Roundtable, a lobby representing CEOs of major companies, supported the wasteful and ineffective stimulus pprogram in 2009 and the bloated new healthcare entitlement in 2010. Big companies, […]

Obama and the Democrats are trying to enact a third so-called stimulus (a.k.a., jobs bill). I’d make a joke about three strikes and your out, but we should remember that this is actually the fourth attempt since we should count Bush’s lame faux stimulus in 2008. In any event, one would hope people would learn that borrowing […]

Bigger government hurts growth by diverting resources from productive uses to political purposes. That’s common sense to most people. But it’s nice to find even academics at Harvard are confirming this relationship. Excerpted below is the abstract of a new study from the Harvard Business School, and kudos to Veronique de Rugy, who alerted me […]

The Congressional Budget Office recently estimated that the so-called stimulus generated jobs and growth. I addressed some of the profound shortcomings in CBO’s Keynesian model in a previous post, pointing out that the model is structured to produce certain results regardless of what happens in the real world. Interestingly, the Director of the CBO, Doug Elmendorf, basically […]

As usual, Sowell is right on the mark. By expanding the size and burden of government, Obama is making it more difficult for the economy to prosper: President Obama keeps telling us that he is “creating jobs.” But more and more Americans have no jobs. The unemployment rate has declined slightly, but only because many […]

This is a two-for-one blog post. Not only do we get more sordid details about overpaid bureaucrats scamming the pay rules, but we also find out that this latest taxpayer ripoff was financed with so-called stimulus funds: Highly touted Bay State job creation programs have stimulated a pile of pocket-padding overtime for state workers and […]

Here’s a good big-picture analysis from the Weekly Standard blog: http://weeklystandard.com/articles/do-mention-war.  Here’s a story about riots and social chaos: http://m.cnbc.com/us_news/35810290. And here’s a story comparing Greece and New York: http://www.nypost.com/p/news/opinion/opedcolumnists/it_all_greek_to_ny_2ML0dIswG4rKRcNjUD0T1L The common theme is that reckless overspending is the cause of Greece’s fiscal crisis, yet American politicians are refusing to learn the right lesson.

There were many reasons to oppose last year’s so-called stimulus legislation. High on my list of reasons would be that the $800 billion spending bill was based on discredited Keynesian theory. Government spending diverts resources from the productive sector of the economy would be another good reason. Another one of my favorites is that the […]

Labor Department numbers show that the Obama Administration’s $787 billion “stimulus” was a flop. Instead of holding the unemployment rate at 8 percent or below, the jobless rate soared to 10 percent. Now there is discussion of second so-called stimulus, which politicians are calling a “jobs bill.” But making government bigger, the video explains, is a recipe for long-run stagnation and lower living standards, regardless of what the policy is named.

President Obama wants Congress to dramatically expand the burden of government spending. This CF&P Foundation mini-documentary explains why such a policy, based on the discredited Keynesian theory of economics, will not be successful. Indeed, the video demonstrates that Obama is proposing – for all intents and purposes – to repeat Bush’s mistakes. Government will be bigger, even though global evidence shows that nations with small governments are more prosperous.