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

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91 Ruinous 'Compassion'

It is fascinating to see brilliant people belatedly discover the obvious — and to see an even larger number of brilliant people never discover the obvious. A recent story in a San Francisco newspaper says that some restaurants and grocery stores in Oakland's Chinatown have closed after the city's minimum wage was raised. Other small businesses…

92 White House: Obama “Very Interested” in Unilaterally Raising Taxes

If his press secretary is to be believed, President Barack Obama is considering whether to use executive actions to unilaterally raise taxes. “The president certainly has not indicated any reticence in using his executive authority to try and advance an agenda that benefits middle class Americans,” White House Press Secretary Josh Earnest…

93 Attention, San Fran Nan: Government Dependency Kills Jobs

Being a San Francisco liberal means never having to say you're sorry. Or wrong. Take Nancy Pelosi, please. Five years ago, California's genius Bay Area Democrat declared that government unemployment checks generate job growth. Yes, really. "Let me say about unemployment insurance," she told reporters, "this is one of the biggest stimuluses…

94 By the Numbers: Obama's Economic, Jobs and Deficit Performance Is the Worst On Record

Given what we know now, only Barack Obama could attempt to characterize his economic record as one of achievement rather than historic failure.  Only Obama could attempt to characterize his record on deficits, which dwarf those of any other president that preceded him, as a successful one.    And only Obama could characterize…

95 Paul Ryan Passes on Presidency to Focus on Reforming Government Now

On Monday, Representative Paul Ryan (R-WI) said he would not run for president in 2016. Instead he will focus on enacting policies to spur economic growth as the new head of the House Ways and Means Committee.  “After giving it a lot of thought, I’ve decided not to run for president,” Ryan said in a statement. “Our work…

96 Inversion: America Has Gone From Attracting Global Business to Penalizing It

Throughout our nation's history, Americans have taken justifiable pride in cultivating a domestic climate that attracts innovators, entrepreneurs and businesses from across the globe.  In recent years, however, our tax laws and federal regulations have eroded our international competitiveness.  Paradoxically, that has occurred during a period…

97 Warren Buffett Abandons Obama

Agitated by the predictable consequences of their tax and regulatory agenda, liberals and the Obama Administration condemn the "economic patriotism" of "corporate deserters" who seek refuge by relocating operations beyond U.S. borders.  This week, Burger King became just the latest target of their misplaced wrath, after announcing…

98 If Bush's $4 Trillion Debt Was "Unpatriotic," What Is Obama's $7 Trillion?

"That's irresponsible.  It's unpatriotic!"  So said Barack Obama on July 3, 2008, referring to the $4 trillion in cumulative new debt under George W. Bush:  "The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving…

99 Obama Administration Questions Others' Patriotism While Obstructing Bipartisan Corporate Tax Reform

It may come as a surprise to many, but the United States imposes the developed world's highest corporate tax rate, with a combined federal and state average of 39.1%.  Exacerbating matters, our corporate tax code is a hopelessly complex and convoluted one.  Among other defects, the U.S. code taxes not only domestic earnings, but overseas…

100 Study: Obama Recovery Built on Low-Wage Jobs

Rather than address a labor market increasingly characterized by low-wage jobs, President Barack Obama and Democrats in Congress are trying to distract voters by highlighting a series of issues that will do almost nothing to improve economic opportunity.  Those issues include votes in the U.S. Senate to raise the minimum wage to $10.10 an hour…

101 A Chance to Strike at the Heart of Crony Capitalism

There’s a famous quote — one of those too good for anyone to have definitively sourced — in which Mahatma Gandhi, upon being asked what he thought of western civilization, supposedly responded, “I think it would be a good idea.” The aphorism may be little more than the stuff of legend, but the same principle could apply…

102 Paul Ryan Is Ready for a Promotion

After four years of proposing ideas to slim down the federal budget, Paul Ryan may get an opportunity to write them into law – perhaps as soon as next January. On the same day that Ryan (R-WI), the House Budget Committee chairman, proposed his fourth annual “Path to Prosperity” funding bill, Dave Camp (R-MI), the House Ways and Means…

103 Obama’s 2015 Budget Rejects Compromise, Cements Disastrous Legacy

While his foreign policy disasters accumulate, Barack Obama should be eager to seek domestic compromise to salvage his disastrous presidency.  Recall that Bill Clinton strived to rescue his presidency, which was otherwise distinguished by early incompetence and the fact that he’s one of only two presidents to be impeached, via compromise…

104 Congressman Camp Proposes Tax Reform to Simplify Code, Lower Rates and Promote Growth

Cyclical recessions and recoveries come and go.  That’s the nature of a market economy.  Unfortunately, the current recovery under the Obama presidency is distinguished for its status as the most sluggish in recorded U.S. history.  That’s not by coincidence, but rather the consequence of his growth-killing bigger-government…

105 New Worldwide Index Reveals Value of Intellectual Property to U.S. Prosperity

It’s no secret that America’s economy has continued to stagnate throughout Barack Obama’s tenure.  Despite the fact that the last recession officially ended almost five years ago in June 2009, U.S. economic growth has averaged just 2.1% since that time.  That’s substantially below the 70-year postwar average of 3.…

106 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…

107 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…

108 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…

109 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…

110 “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…

111 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…

112 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…

113 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…

114 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…

115 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…

116 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…

117 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…

118 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…

119 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…

120 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…

 
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Question of the Week   
Thanksgiving was established as an annual event by which of the following presidents?
More Questions
Quote of the Day   
 
"Georgia is emerging as an early proving ground for the 2024 presidential race, with a handful of potential Republican hopefuls flocking to the state to test their political coattails in its two Senate runoffs.Sen. Rick Scott (R-Fla.), who just landed the chairmanship at the National Republican Senatorial Committee, is among the prospective 2024 contenders who have visited Georgia in recent weeks.…[more]
 
 
—Max Greenwood, The Hill
— Max Greenwood, The Hill
 
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