On the heels of Friday's unsettling jobs report from the Labor Department, we can now judge the performance…
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Image of the Day: Biden, Pelosi and Schumer Faceplanted On Jobs in 2021

On the heels of Friday's unsettling jobs report from the Labor Department, we can now judge the performance and promises of Joe Biden and the Pelosi/Schumer Congress against actual reality.  They promised 10.3 million jobs would be created in 2021 if their massive spending and regulation blowout passed, versus 6.3 million jobs if their agenda wasn't passed.  So how did it turn out?  Their agenda was passed, but only 6.1 million jobs were created as the U.S. economy slowed and struggled to recover from the Covid dip, as AEI's Matt Weidinger highlights.  They apparently made things worse, not better, illustrating the sardonic adage, "Don't just do something - stand there."

 

[caption id="" align="alignleft" width="905"] BIden Jobs Performance: Worse Than Doing Nothing[/caption]…[more]

January 10, 2022 • 10:13 AM

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121 How to Win the Next Budgetary Fight

When fighting budget-related battles during Fiscal Year 2014, can conservatives have any hopes that the third time is the charm? Yes, but only if they are willing to play “small ball.” The “third time,” in this case, will involve the next confrontation with the federal debt ceiling, expected in early February. Budget Committee…

122 New Tax Numbers Rebut Obama’s Class Warfare Pivot

With his namesake ObamaCare in catastrophic slow-motion disintegration and his public approval numbers plummeting below his supposedly incompetent predecessor, Barack Obama is increasingly desperate to change the subject.  Cue his reliable class warfare cowbell.  This week, Obama preposterously labeled income redistribution “the defining…

123 Obama Tripled the Deficit, Now Brags He Cut It in Half

Familiar is the parable of the boy who murders his parents, then seeks leniency because he is suddenly an orphan.  When it comes to budget deficits, Barack Obama is more like the boy who knocks off his parents, then brags that he drove them to the morgue.  While his public approval rating plummeted this week to a new low of 37%, here was…

124 Leaving the Middle Class Behind: The Shortcomings of Obama’s Economic Planning

Barack Obama, in case you haven’t heard, is pretty worked up about inequality. It’s a constant theme of the president’s speeches, with regular references like the one in his second inaugural address to a country where “a shrinking few do very well and a growing many barely make it." In the abstract, this is comfortable…

125 “Recovery Summer,” Episode V – New Government Report Shows U.S. Economy Stalling Five Years into Recovery

Three long years ago this week, on August 2, 2010, former Treasury Secretary Timothy Geithner announced unambiguously in The New York Times, “Welcome to the Recovery.”  That was during the second of the Obama Administration’s so-called “Recovery Summers.”  Now into our fifth such summer, Americans still await…

126 Four Years In, the Obama "Recovery" Remains the Weakest in History

Four wearisome years ago this month, June 2009, the last recession officially ended.  To put that into perspective, the first iPad didn’t appear on shelves for another year.   That four-year anniversary will come as a surprise to most Americans, because what we’re enduring isn’t much of a recovery.  To wit, an…

127 Dangerous “Marketplace Fairness Act” Would Increase Sales Taxes and Expand State Taxation Authority

Should states be empowered to begin taxing businesses far beyond their individual borders?  Should online businesses be forced to assume the role of tax collector for states in which they don’t even maintain a physical presence?  Believe it or not, there’s an effort underway to allow just that.  Along the way, it would…

128 Growing Number of Part-Time Workers is Bad for American Economy

The findings of a recent Gallup poll show that one-in-five American workers are now employed part-time, the result of a steady three-year increase.  The results signal not just a shift in the labor market, but the combined effects of several bad Obama policies that distort job growth. Overall, Gallup’s survey found that part-time workers…

129 CBO Report Shows Excessive Spending, Not Insufficient Taxation, Explains Our Deficits

In 2007, the federal government took in an all-time record $2.6 trillion in revenues.  That year’s deficit was merely $161 billion – quaint in retrospect.  This year, according to a report from the Congressional Budget Office (CBO), incoming federal revenues will break that 2007 record and reach a new all-time high of $2.7 trillion…

130 Conservatives Have Won Some Spending Victories

Conservatives have become so accustomed to blasting Republican congressional leaders that sometimes we don’t realize we’re winning some victories. Such is now happening with the ongoing spending battles, during which, by trial and many errors, Speaker John Boehner and Senate Minority Leader Mitch McConnell have somehow accomplished more…

131 We’re #1? America’s 39% Corporate Tax Rate Now Developed World’s Highest

Last April, our total corporate tax rate became the world’s highest after Japan reduced its rate several points to 36.8%.  Two years from now, Japan’s rate is scheduled to decline even further, to 34.5%.  Other nations have similarly recognized the destructive economic effect of high corporate taxes, and conversely the beneficial…

132 GOP Governors’ Alternative to Obama’s Tax Hikes

With thirty governorships in Republican hands, some GOP executives are trying to swap their states’ income tax for a broad-based sales tax.  Success could set up an alternative to the income-centric debate in Washington, D.C.  Currently, seven states – Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming &ndash…

133 2013 Index of Economic Freedom: U.S. Declines for Fifth Straight Year

This week, The Wall Street Journal and the Heritage Foundation released their annual Index of Economic Freedom.  Alarmingly, the United States has regressed for a fifth consecutive year.  Using a 0 – 100 scale, the Index cumulatively measures four categories:  respect for rule of law, limited government, regulatory efficiency…

134 Defend Defense; Win Political Battle

If they want to succeed in policy and politics any time soon, conservatives/Republicans must adopt significant new strategies and tactics. But the first legislative step they can take in the House, one worthwhile both in substance and in terms of setting themselves up tactically for coming battles, is so remarkably easy that it can be accomplished…

135 The Vindication of George W. Bush

“I just wanted to thank so many on the other side after all these years, for finally acknowledging publicly that ninety-eight percent of the Bush tax cuts helped the middle class.”  ~Representative Louis Gohmert (R-Texas)  Even in the wake of Barack Obama’s re-election, events vindicate the man whom he distastefully…

136 ‘Fiscal Cliff’ Fight Ended in a Draw

Conservative doomsayers should chill out. This week’s installment of a budget deal is definitely not the utter disaster that many enraged conservatives are portraying. While it might be a bitter pill, the deal actually gives conservatives some leverage moving forward, while leaving tax rates at levels that by historical standards aren’…

137 Budget’s Sessions is Right to Want Budget Sessions

One reason the substance of the “Fiscal Cliff” negotiations has been so unsatisfactory is that the very format of the negotiations has been misguided. The Obama-Boehner talks favor the White House and disfavor the twin values of transparency and public understanding. As is usually the case, bad process is likely to produce bad policies.…

138 Fiscal Gap Worse Than Fiscal Cliff

Negotiations to avoid the fiscal cliff are understandably focusing on whether to cut or raise taxes and spending.  But those issues are secondary.  The real problem facing the federal budget is the unsustainable cost of entitlement programs like Social Security, Medicare and Medicaid.  If structural reforms aren’t made soon, the…

139 What Will Falling Off the Fiscal Cliff Mean for Your State?

With all the attention centered on the fallout in the federal budget should President Barack Obama and Congressional Republicans fail to cut a deal that avoids the fiscal cliff, it’s easy to forget that the budgets of most state governments will be heavily impacted as well. To recap, Congress and the President are facing two separate yet related…

140 Budget Cuts Can Be Political Winners

For decades now, Republicans have championed the vague idea of budget savings while fearfully shying away from efforts to “sell” the cuts as anything other than a necessary discipline. Their lack of courage and creativity is pathetic. In “fiscal cliff” negotiations and in all similar budgetary imbroglios in the next few years…

141 “Fiscal Cliff?” Don’t Liberals Constantly Claim Fealty to Clinton-Era Rates?

An urgent alert atop the official White House website announces the following:  “If Congress fails to act before the end of the year, every American family’s taxes will automatically go up. A typical middle-class family of four would see its taxes rise by $2,200 starting in 2013.”  So what’s the problem?  Aren…

142 Washington Post: Mr. Obama, Stop Blaming Bush for the Economic Crisis

Barack Obama:  “Governor Romney believes that with even bigger tax cuts for the wealthy and fewer regulations on Wall Street, all of us will prosper.  In other words, he’d double down on the same trickle-down policies that led to the crisis in the first place.”  Washington Post:  “Retire this talking point…

143 Small Business Shock: 55% Would Not Start a Business in Obama’s Economic Climate

“The data paints a bleak picture, with a majority of respondents saying in the last three years, the national economy is in a worse position for American small businesses and manufacturers…  The theme of government being a barrier rather than a help is clear throughout this data.” That was the sobering executive summary of…

144 Correcting the Clinton Record: Tax Cuts, Spending Restraint, Moderation

You never want to catch whatever Bill Clinton is spreading.  Accordingly, here’s some precautionary intellectual inoculation.  This week, Clinton attempted to rescue the political fortunes of a current president whose policy choices contrast sharply with his own.  Instead of a rescue, however, Clinton may have simply highlighted…

145 Steak Dinners and Slurpees: Numbers Refute Obama’s Attempt to Blame Deficits on Tax Cuts and Wars

In his most petulant and desperate demeanor yet, Barack Obama this week doubled down on blaming his own fiscal failures on George W. Bush.  Speaking at a fundraiser – what else? – in Baltimore, Obama also unveiled a new pet metaphor, substituting “steak dinner” for his familiar “slurpee” and “car in the…

146 Congressional Spend-fest Continues

This country is still spending itself into oblivion, and not even the Republican House is putting up enough of a fight. But some individual House and Senate members still are battling, for the interests of both taxpayers and good social policy, and their efforts merit support. Red State reported the other day that the House wouldn’t even…

147 Sessions, Coburn Show Leadership on Budget

“The man with no plan.” That’s what Jeff Sessions of Alabama, ranking Republican on the U.S. Senate Budget Committee, calls the man Occupying the Oval Office. “The biggest deficit in our country right now is that leaders won’t get out and take a stand,” said U.S. Senator Tom Coburn. “That’s cowardice…

148 Hypocrisy: Obama Paid Lower Tax Rate Than His Secretary

In campaign speeches, Barack Obama sermonizes endlessly against “giving tax breaks to the wealthiest Americans like me.”  According to his own IRS return, however, Obama himself gladly exploits them.  Alongside Treasury Secretary Timothy Geithner, Rep. Charlie Rangel (D – New York) and so many other champagne liberals,…

149 Unlike Titanic’s Captain, Obama Sees Iceberg… But Ignores It

“From Mesaba to Titanic:  In latitude 42° N to 41° 25’, longitude 49° W to longitude 50° 30’ W, saw much heavy pack ice and great number large icebergs, also field ice, weather good, clear.”  One hundred years ago this week, that heavy ice admonition was one of several transmitted but unheeded by…

150 Why Liberals Can’t Win a Serious Tax Debate

In California, Governor Jerry Brown is pushing for a “Millionaire’s Tax” that hits people earning well below that threshold.  President Barack Obama is stumping across the nation for a “Buffett Rule” that raises taxes but makes no impact on the deficit.  Both are showcasing why liberals can’t win a serious…

 
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Quiz Question   
In what year did Congress pass a law that requires voter identification to register to vote in federal elections?
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Notable Quote   
 
"According to the election calendar, Joe Biden has three years remaining in his term. According to political reality, his presidency is over, kaput, finished.It ended last week because of an accumulation of serious wounds, most of them self-inflicted. The final blow came from a boomerang after the president who campaigned as a decent man and uniter declared his opponents traitors and racists.Included…[more]
 
 
—Michael Goodwin, New York Post Columnist
— Michael Goodwin, New York Post Columnist
 
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