by Dan Mitchell | Jul 8, 2011 | Big Government, Blogs, Economics
Actually, Obamanomics already has failed. It didn’t work for Hoover and Roosevelt. It didn’t work for Bush. It isn’t working in Europe. And now it’s failing for Obama. It doesn’t matter what you call it or when the policies are imposed, expanding the size and scope of...
by Dan Mitchell | Jul 7, 2011 | Big Government, Blogs, Government Spending, Government Waste
It gets my blood boiling that the crowd in Washington is talking about raising our taxes when the budget is so riddled with excess spending. Here are two stories that illustrate the waste, fraud, and abuse that is pervasive in the federal budget. Our first example is...
by Dan Mitchell | Jun 3, 2011 | Big Government, Blogs, Economic Growth, Economics, Government Spending, Keynesian
Based on this morning’s numbers, I’ve updated my chart showing what the Obama Administration said would happen with the so-called stimulus compared to what actually has happened. As you can see, the unemployment rate is about 2.5 percentage points higher than the...
by Dan Mitchell | May 6, 2011 | Big Government, Blogs, Economics, Government Spending
The Labor Department released its latest job numbers today and they remind me of Clint Eastwood’s 1966 classic, “The Good, the Bad, and the Ugly.” The good news is that the economy created 244,000 new jobs, the biggest gain in almost one year. And the jobs were in the...
by Dan Mitchell | Feb 2, 2011 | Big Government, Blogs, Government Spending, Taxation
Ronald Reagan would have been 100 years old on February 6, so let’s celebrate his life by comparing the success of his pro-market policies with the failure of Barack Obama’s policies (which are basically a continuation of George W. Bush’s policies, so this is not a...
