The best thing President Barack Obama can do for the economy is keep quiet. A day after delivering an address that won widespread praise from the chattering class, Obama’s big-government policies were rejected by traders on Wall Street. Wall Street’s negative reaction to Obama is nothing new. Ever since Election Day, Obama’s words have failed to inspire investors. “When the President speaks, the market listens | Read More »
The Senate is poised to pass its version of the American Recovery and Reinvestment Act today, setting the stage for a conference to reconcile its differences with the House. Throughout the debate over the economic stimulus bill, there has been plenty of talk about transparency but little done to achieve it. There is, however, another opportunity. The Sunlight Foundation is spearheading an effort to convince | Read More »
Republicans hadn’t even wrapped up their economic hearing this morning with former Massachusetts Gov. Mitt Romney (read his testimony) and former eBay chief executive Meg Whitman when congressional Democrats released the first version of their so-called stimulus. And to no one’s surprise, it’s full of government spending that will do little to boost economic growth. (Read it here and here.) Despite a promise from President-elect | Read More »
President-elect Barack Obama believes government spending is the best way to bailout America from its economic woes, and liberals in Congress are having no trouble finding ways to spend your hard-earned money. The price tag of the so-called stimulus plan has steadily increased from $775 billion last week to $850 billion today. Liberals like to say the New Deal programs of their hero Franklin Delano Roosevelt | Read More »
Meg Whitman, the former chief executive of eBay and a potential candidate for California governor, will join Mitt Romney at a hearing Republicans are holding this week on the economy. House Republican Whip Eric Cantor (R-Va.) is bringing together a star-studded cast for Thursday’s testimony. The hearing comes a week after Democrats held their own gathering on Capitol Hill with five sympathetic witnesses who promoted | Read More »
The first major policy battle of President-elect Barack Obama’s administration will set the tone for the next year for the Republican minority. With that in mind, House GOP Whip Eric Cantor (R-Va.) is pulling out the big guns. Former GOP presidential candidate Mitt Romney will testify at 10 a.m. Thursday at a hearing on Obama’s economic stimulus ideas. Romney brings to the table business experience | Read More »
House Republican Whip Eric Cantor wants you to have a seat at the table as Congress debates the best way to promote economic growth. The Virginia Republican opened his website to public comments and encouraged citizens to send video submissions via YouTube. Cantor has made transparency an important factor in the economic stimulus debate. Earlier in the week, he challenged Obama to create a real-time | Read More »
President-elect Barack Obama is trying to bribe Republicans with $300 billion in tax cuts as part of a much larger economic stimulus proposal. Will the GOP take the bait? As hard as it might be for Republicans to walk away from a large tax cut, they shouldn’t be fooled by Obama’s big-spending approach. The president-elect wants to spend hundreds of billions of dollars on unemployment | Read More »
One of the first acts of the 111th Congress will be an all-Democrat hearing stacked with five sympathetic witnesses who favor some version of a massive economic stimulus package. Republicans aren’t invited and no conservative viewpoints will be presented. Is this the openness and honesty that Speaker Nancy Pelosi (D-Calif.) promised when she was elected? To hear Pelosi tell it, there’s no reason to delay | Read More »
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