Browsing All Posts filed under »Economy«

Inflation Derailing Climate Change Agenda

October 21, 2021 by

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By Peter Murphy ~ From day one of his presidency, Joe Biden has been implementing his climate change agenda. By hook or by crook, the Biden administration and Congress are trying to force American businesses and consumers away from plentiful and affordable oil, coal and natural gas. Then something happened along the way that could […]

Biden’s Absurd ‘Zero Cost’ Claim—$3.5 Trillion Is Real Money And It’s Coming Out Of Your Pocket

October 2, 2021 by

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By David Ditch ~ Talk about a ludicrous advertising pitch! Speaking of the record-breaking tax-and-spend package currently being pushed through Congress, President Joe Biden last Friday said, “It is zero price tag on the debt. We’re going to pay for everything we spend.” This is flatly wrong, and it isn’t even close. While we don’t yet have a full accounting […]

Democrats’ Massive Spending Bill Would Hasten America’s Fundamental Transformation

September 24, 2021 by

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By Jarrett Stepman ~ The massive spending bill backed by President Joe Biden and Democrat leadership in Congress highlights just how radical their party has become and the farce behind billing the Biden presidency as a “moderate” alternative to the far left. The $3.5 trillion spending measure has been billed as a way to promote […]

YIKES! Bloomberg News Admits Americans Seeing ‘Worst Buying Conditions In Decades’

September 19, 2021 by

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By Joseph Vazquez ~ As the nation grapples with the threat of high inflation, Bloomberg News is reporting that Americans are now feeling the heat of price spikes. The outlet published a damning story Sept. 17 headlined, “Americans See Worst Buying Conditions in Decades on High Prices.” Specifically, according to Bloomberg News, buying conditions “for […]

8 Things You Need To Know About Democrats’ Tax Increase Bill

September 17, 2021 by

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By Matthew Dickerson and Richard Stern ~ Congressional Democrats this week finally unveiled the legislative text of the largest tax increase in more than 50 years. It weighs in at more than 880 pages, so it’s no wonder they have attempted to keep the details of the so-called “Build Back Better Act” under wraps. Whenever […]

Even Some Democrats Sound Alarm On Radical 10,000-Page, $3.5 Trillion Spending Bill

September 16, 2021 by

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By David Ditch ~ Despite already spending trillions of dollars on COVID-19 relief legislation, for the past few months, Democrats have been focused on designing the largest tax-and-spend bill in U.S. history. As the House and Senate move the legislation through at freight-train speed, troubling details about the plan have emerged. All Americans should be […]

Peak Irony! Economist Paul Krugman Accuses Fossil Fuel Defenders Of ‘Bad Economics’

August 20, 2021 by

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By Joseph Vazquez ~ It is peak irony when New York Times economist Paul Krugman accuses fossil fuel defenders of “bad economics.” The same Krugman who wrongly claimed in 2016 that former President Donald Trump’s election would lead to “’a global recession, with no end in sight,’” wrote a new op-ed headlined: “The Bad Economics of […]

What China Hides About Its Economy

July 15, 2021 by

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By Anthony B Kim and Cora Wack ~ Unreliable statistics, mounting debt, and nonperforming loans are just a few underlying characteristics of China’s economy. For years, China has tried its best to hide and shadow its unsustainable economic practices from its people and from the world. Research suggests that it has been overstating gross domestic […]

Subsidizing Manufacturing Is Wrong Approach For US Companies, Workers

May 14, 2021 by

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By Elizabeth Hanke ~ President Joe Biden proposes to subsidize with federal tax dollars the manufacturing industry under his American Jobs Plan to “maintain our competitive edge.” The proposal would cost American taxpayers about $300 billion and would specifically aid small and minority-owned businesses, tribal communities, and rural areas. The manufacturing industry in the United […]

Abysmal Jobs Report Shows Folly Of Biden’s Big-Spending Agenda

May 12, 2021 by

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By David Ditch ~ The latest national employment numbers were released on Friday. Expectations were high. A combination of vaccinations, relaxing of pandemic-related economic restrictions, and stimulus funding that passed in March were enough to have experts predicting 1 million new jobs in April. The reality was quite different—just 266,000 new jobs in April, the […]

New Secretary-General Could Stop Organization For Economic Cooperation And Development From Veering Further Left

April 2, 2021 by

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By James M. Roberts ~ Longtime Australian Finance Minister Mathias Cormann has recently been elected to a five-year term as secretary-general of the Organization for Economic Cooperation and Development, an intergovernmental economic group based in Paris. Cormann will assume his duties on June 1, replacing three-term Secretary-General Angel Gurría of Mexico. New leadership might be […]

Biden’s Tax-And-Spend ‘Infrastructure’ Plan Would Slow Economy, Deepen Swamp

April 1, 2021 by

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By David Ditch ~ The Biden administration on Wednesday released details of the first part of its latest enormous spending plan. Although President Joe Biden is promoting the plan as a way to create jobs through infrastructure projects, its combination of tax hikes and central planning would leave the nation poorer and more dysfunctional. Amazingly, […]

How Beijing Is Threatening Hong Kong’s Status As Global Financial Center

December 8, 2020 by

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By Patrick Tyrrell and Carter Beardsley ~ China’s recent Hong Kong security legislation could be the beginning of the end for Hong Kong as one of the world’s leading financial and trading centers. Many of the 9,000 foreign firms—1,300 of them American—that have regional headquarters there are evaluating the threat from the new law and what […]

The ‘E’ Stands for ‘Excellence’: Remembering Walter E. Williams

December 5, 2020 by

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INSTITUTE FOR FAITH & FREEDOM  ~ Williams was that rare talent who could compellingly communicate to lay audiences. ~ By Caleb Fuller  ~ Walter E. Williams, prolific author, piercing cultural commentator, old-school economist (that’s a good thing), devoted husband, loving father, and long-time friend of Grove City College, has passed from this world. To the […]

Stimulus Spending Benefits Politicians, Not Taxpayers

October 24, 2020 by

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By Star Parker ~ I recall several presidential elections ago, an elementary school teacher wrote a newspaper column about a mock election he held in his class. Two students were nominated by their classmates, and then they campaigned for their votes. Who won the election? One of the students presented an agenda and reasonably argued […]

Why The CREATE JOBS Act Should Be An Essential Part Of The Recovery

August 6, 2020 by

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By Adam Michel ~ Now is the time for Congress to start looking ahead to the economic recovery. Current aid efforts should remain targeted and temporary, but the opposite characteristics—permanence and universality—should guide pro-growth policies that can enable a robust American recovery. Topping the list of policies to help enable our return to economic boom […]

Congress Should Streamline Existing COVID-19 Relief, Not Add New Programs

July 8, 2020 by

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By Adam Michel ~ Congress likes to spend money and create new programs, but when it comes to coronavirus recovery, lawmakers need to keep it simple. Congress already has authorized more than $3.6 trillion of relief, of which to date only about half has been spent. Simple relief is effective relief. The congressional response should […]

Advancing Economic Freedom Is The Antidote To ‘Corrosive’ Chinese Capital

July 7, 2020 by

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By Anthony B Kim ~ A recent study by the Center for International Private Enterprise looked into the patterns, trends, and characteristics of Chinese capital flows to six countries in Southeast Asia, and what it found were disturbing effects on the governance and economics of the recipient nations. The countries examined were Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, and Vietnam. The center shared its […]

Advancing Economic Freedom Is Key To Ensuring America’s Economic Rebound

June 22, 2020 by

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By Anthony B Kim ~ Having recently unveiled its final report, The Heritage Foundation’s National Coronavirus Recovery Commission offered a clear pathway to America’s economic rebound with specific, actionable recommendations for policymakers. Highlighting the interwoven critical linkage between good public health policy and sound economic policy, the commission’s final report underscored the importance of economic […]

Why America’s Economy Will Recover Before China’s

June 14, 2020 by

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By Riley Walters ~ The U.S. is slowly opening back up for business. But we’re far from coming out of this tunnel. About 20 million Americans remain unemployed compared to just six months ago. Despite this sobering number, we can take heart in a silver lining: The U.S. will recover, and it’ll recover before China, […]

US Versus China: 5 Smart Ways To Keep Pushing Back

June 7, 2020 by

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By James Carafano ~ Foreign policy doesn’t stop for turmoil here at home. The U.S. can’t afford attention deficit disorder overseas. That is doubly true for meeting the challenge of China, the most consequential test this generation could see in its lifetime. Last Friday, President Donald Trump rolled out a number of punitive measures designed to discourage the increasingly aggressive and threatening Chinese communist regime. The action fully comports with the administration’s […]

Trump Touts ‘Rocket Ship’ Recovery Amid Surprise Job Rebound

June 6, 2020 by

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By Fred Lucas ~ President Donald Trump touted a nascent economic comeback Friday, as a resurgence of 2.5 million jobs were added in May, marking what could be a turnaround from the economic hemorrhaging caused by the COVID-19 shutdown. “We’ve been talking about a ‘V.’ This is far better than a ‘V.’ This is a […]

No Returning To Normal Until We Relearn Trust

May 25, 2020 by

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By Larry Bell ~ Remember when the pivotal health objective was to “flatten the curve” — before the back to life and business goal post marker got moved to “beating the virus?” We should now realize that COVID-19 isn’t going to entirely go away anytime soon — maybe never. Summer may provide a respite. By […]

Entrepreneurs “Cook Up” Lockdown Loophole: Online Baking

May 22, 2020 by

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From the team at CFACT ~ In a poll conducted by CNBC, almost half of small business owners said their businesses will be forced to close for good if the coronavirus shutdowns go much longer. Just this past week, the unemployment rate jumped to over 14% – the highest since the Great Depression. Yet, despite […]