As the nation debates continuing coronavirus stimulus, AEI offers an eye-opening analysis:  Unemployment…
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Images of the Day: Unemployment Claims Plummeted Faster After $600 Checks Expired

As the nation debates continuing coronavirus stimulus, AEI offers an eye-opening analysis:  Unemployment claims plummeted and the employment picture improved much faster after those $600 checks expired, reestablishing that while we always want to help those who cannot help themselves, government payouts can sometimes reduce incentives and ability to return to the workforce.  And this doesn't even reflect remarkably positive employment reports released by the government since the end dates:

 

[caption id="" align="alignleft" width="562"] Continuing Unemployment Claims Dropped[/caption]

 

 

 

 

[caption id="" align="alignleft" width="563"] Initial Unemployment Claims Dropped[/caption]…[more]

November 12, 2020 • 11:57 AM

Liberty Update

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181 Spend, Then Tax: Like Killing One’s Parents, Then Pleading for Mercy as an Orphan

Democratic leaders today resemble the proverbial murderer who slays his parents, then shamelessly seeks mercy from the court because he’s an orphan.  After creating their Frankenstein-like federal spending monster, they now use that monster’s voracious appetite to justify higher taxes on small businesses and the American people. …

182 CFIF’s “One More Vote” Campaign Launches Ad in Support of a Balanced Federal Budget with No New Taxes

Earlier this month, the Center for Individual Freedom (“CFIF”) launched its “One More Vote” campaign to rally grassroots activists across the country to force Washington to stop the excessive spending of our hard-earned tax dollars. Specifically, the “One More Vote” initiative calls for a constitutional amendment…

183 Obama: We Can Afford Failed $814 Billion “Stimulus,” But Not $700 Billion Tax Relief?

“Nobody spends somebody else’s money as wisely as he spends his own.”  ~Milton Friedman What the Obama Administration lacks in logic, it surfeits in raw chutzpah.  According to Obama, America just can’t afford $700 billion in additional tax relief.  After all, flipping Friedman’s wisdom on its head,…

184 America’s Economic Civil War

If the past few years have taught us anything, it’s that the inconvenient truths of the free market have a way of puncturing political pretension. Take, for example, these data from a 2009 report by the American Legislative Exchange Council (ALEC):   "When comparing California with Texas, U-Haul says it all. To rent a 26-foot truck…

185 Living Social(ist): Alerting America to Dumb Government Policies

Act Now: Congress and Obama Want Preferential Tax Treatment for Foreign-Owned Energy Producers CFIF has released a Living Social(ist): Bad Deal Alert, a new take on the trendy deal-of-the-day email coupon services exploding in popularity across the country. Instead of offering half-priced chocolate spa baths or $1 admissions to your local petting…

186 John Boehner is Right; Obama’s Economic Policies Have Failed the American People

In a speech to the City Club of Cleveland, House Republican Leader John Boehner (R-OH) called on President Barack Obama to ask for and accept the resignations of Treasury Secretary Tim Geithner and National Economic Council chief Larry Summers.  With the private sector on life support and the job market continuing to shrivel, the only quibble…

187 Obama: “Driving Us Out of a Ditch,” or Setting the Car on Fire?

Remember the summer of 2002, when President Bush  conducted the midterm Congressional election campaign by blaming Bill Clinton at every opportunity for the tech bubble recession and 9/11 plot he inherited?  Or the 1982 midterm campaign, when Ronald Reagan degraded the office by blaming Jimmy Carter for the economic and Cold War calamities…

188 Investment Fund Shows That Betting Against Congress is a Great Way to Make Money

With Congress out of session for its August recess, one innovative fund manager is busy making money for clients who share his view that an inactive government is good for the stock market.  Armed with data and a successful track record, Eric Singer is using his unique strategy to make profits and a point about avoiding the most dangerous element…

189 Raising Taxes on “The Rich” Will Harm the Economy

Consumer spending fuels two-thirds of the massive American economy.  Meanwhile, the top five percent of income earners account for fully one-third of that consumer spending.  So remind us again, Obama Administration:  Since that critical income segment supports such a disproportionate share of the nation’s vitality, how does…

190 World to Obama: No, You Just Don’t Get It

So the nationwide – nay, suddenly worldwide – debate continues:  Is President Obama being dishonest, or does he really just not get it?  Regrettably, that particular question carries an additional element of irony this week.  In his weekly radio address last Saturday, Obama leveled the curious accusation that opponents of…

191 Obama is Repeating FDR’s Mistakes – Just Not the Way the Liberal Media Thinks

If modern liberalism triumphs among the professoriate, it may be because the left shares an instinctive bias with the academy: to lecture is better than to learn.  And who better to embody this ethos than the nation’s professor-in-chief, Barack Obama, for whom obtrusiveness is next to godliness?   Holding court in Toronto last weekend…

192 Fannie Mae and Freddie Mac: A Case Study on the Limits of Government

The ongoing home mortgage disaster that continues to transfer billions of taxpayer dollars into the black hole coffers of Fannie Mae and Freddie Mac is serving at least one useful purpose: providing a case study on the limits of government’s ability to run any of its functions like a business.  One of the most critical dividing lines in…

193 Obama’s Big Fat Greek Bailout

Amusing entertainment news this week comes out of Britain, where Deadline London reports an upcoming Barack Obama miniseries based upon journalist Richard Wolffe’s book, The Making of a President.  Here’s an idea for a better title:  Obama’s Big Fat Greek Bailout.  After all, Obama’s enormous and unsustainable…

194 Crony Capitalism Looms Large Over Pennsylvania Special Election to Replace John Murtha

As with any contested race, there are plenty of differences between Republican Tim Burns and Democrat Mark Critz, the two men vying to replace the late Rep. John Murtha (D-PA), in the May 18th special election.  For all the boilerplate disagreements, though, one issue has the potential to define not just the candidates, but their national parties…

195 Charles Krauthammer Is a Great American, and That’s a True Fact

Boy, did we step in it last week.  In our Commentary piece -- “Here Come the VAT” -- we wrote, "No longer is it just those hysterical rumor-mongers like columnist Charles Krauthammer speculating on the next national tax to be imposed by the Obama administration..." Our first intent was to correctly credit the iconic conservative…

196 Here Come the VAT, the Mother of All Taxes

The Value Added Tax (VAT) cat is finally creeping out of its bag.  No longer is it just those hysterical rumor-mongers like columnist Charles Krauthammer speculating on the next national tax to be imposed by the Obama administration.  Now it’s none other than Obama economic adviser Paul Volcker telling the New York Historical Society…

197 SEIU’s Andy Stern: A Budget Vulture Feasting on the Public’s Nest Eggs

With annual federal budget deficits projected to top $1.6 trillion for the foreseeable future, President Barack Obama thinks appointing Andy Stern, head of the Service Employees International Union (SEIU), to help create a plan to balance spending with revenue is a good idea.  Consider Stern’s qualifications.  He owns an Ivy League…

198 Deficits Are a Symptom … Not the Disease

The two biggest stories out of Washington last week made for a bizarre bit of political synchronicity.    On Thursday morning, President Obama announced the creation of a new bipartisan commission aimed at reigning in the national debt – a move largely seen as a reaction to growing agitation on the issue from fiscally conservative…

199 “From Keynesian to Ponzian” – Obama’s Stimulus One Year Later

“America continues to move from Keynesian to Ponzian economics.”  So said former chess champion Garry Kasparov in his February 13 Wall Street Journal commentary. Kasparov’s observation was particularly timely, since this week marks the one-year anniversary of Barack Obama’s $787 billion “stimulus” bill. …

200 Obama Blames His Record Deficits On Bush. He’s Not Being Honest.

Three years after George W. Bush left office, it will still apparently be all his fault in 2011.  This week, Barack Obama unveiled his proposed 2011 budget and was forced to acknowledge a record $1.6 trillion deficit for 2010.  Naturally, the increasingly-petulant Obama couldn’t resist his urge to scapegoat Bush in his official announcement…

201 Latest Data Suggests Obamanomics Continues to Stifle Rebound

It appears that the worst of our recent economic downturn may be behind us.  Unfortunately, the latest economic data continue to suggest that our recovery is weaker than it otherwise should be, due to malignant federal policies.  We and other conservative commentators have noted that all American recessions eventually come to an end, and…

202 Congress to Raise Debt Ceiling: Why You Should Care

For most people, “deficit spending” and the “national debt” are nothing more than fancy terms of art thrown around by Ivy League economists and Washington elites, incomprehensibly large numbers with which only certified smart people concern themselves.  Who really cares that the House of Representatives this week voted…

203 Jobs for Us or Jobs Being Done On Us?

If you are like most Americans, you probably did not hear about the Obama Administration’s “jobs summit” last Thursday until you got home that night, if at all.  That’s what happens when the government schedules a meeting about how to create jobs during normal business hours.  The only folks able to attend are those…

204 Death, Taxes ... and More Taxes

It has been said that taxes are the price we pay for living in a civilized society.  If that’s true, with the federal government collecting over $2 trillion in taxes this year, civility must be at an all-time high. Unsatisfied, however, the House of Representatives took another swing at the tree of liberty this week when it increased the Death…

205 Obama’s “Hair of the Dog” Economic Policy Creates Uncertainty, Not Lasting Recovery

The recession that began almost two years ago appears to be finally petering out, as American recessions eventually always do.  Sure enough, as predictably as the sun rising over the eastern horizon, Barack Obama hustled before his teleprompter this week to inform us that “the steps we’ve taken have made a difference.” …

206 Barack Obama – the Rooster Who Claimed Credit for the Economic Sunrise

Quick:  Think of the last American economic recession, or even depression, from which we didn’t recover.  Obviously, no such example exists.  Our capitalist, free-market economic system has created more prosperity and human innovation than any other economic system ever conceived or implemented by humanity.  The tradeoff…

207 Reckless, Excessive Obama Warns Reckless and Excessive Behavior Won’t Be Tolerated

In a speech setting new lows in hypocrisy this week, a sanctimonious Barack Obama admonished an audience of business leaders in New York that he will not tolerate “reckless behavior” or “unchecked excess.”  It was all a bit like Timothy Geithner or Congressman Charlie Rangel telling an audience that they won’t tolerate…

208 Federal Regulators Repeatedly Failed to Stop Bernard Madoff - But Now Want Even More Control Over Our Lives?

The embarrassing saga of federal regulators’ failure to stop Bernard Madoff’s multibillion-dollar Ponzi scheme despite multiple inquiries and tips provides a very timely lesson.   This week, the Securities and Exchange Commission (SEC) released a 477-page report admitting that it overlooked repeated tips and red flags on Mr.…

209 Anything You Can Do the Fed Can Do Better?

President Obama has now nominated Federal Reserve Chairman Ben Bernanke to a second term as the head of what some call the most powerful unelected body in the world. Bernanke has received praise for his efforts to ease the recession and to loosen credit markets in the wake of the recent financial crisis. However, a vocal minority of critics have begun…

210 Taking Stock of the Obama Revolution

During a press conference at April’s G-20 Summit in London, President Obama said, “I'm the President of the United States … so I have a direct responsibility to my constituents to make their lives better. That's why they put me in there. … And I will be judged by my effectiveness in meeting their needs and concerns.”…

 
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