Posts Tagged ‘recession’

$10 Billion in “Green” Corporate Welfare: Less Jobs and More Bankruptcies


Saturday February 25th, 2012   •   Posted by David Theroux at 7:22pm PDT   •   3 Comments

In “Cost of $10 Billion Stimulus Easier to Tally Than New Jobs” in the Wall Street Journal, Ianthe Jeanne Dugan and Justin Scheck report that the mega-billions in corporate-welfare subsidies to solar, wind, geothermal and other “green” businesses (under section 1603 of the American Recovery and Reinvestment Act of 2009) have resulted in far…
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What’s Holding Back the U.S. Economic Recovery? Not Consumer Spending…


Saturday September 10th, 2011   •   Posted by Craig Eyermann at 8:11am PDT   •   5 Comments

The Independent Institute’s Senior Fellow Robert Higgs has been taking on the so-called conventional wisdom that the U.S. economy continues to be in recessionary or near-recessionary conditions because “consumers are not spending”. On Friday, Dr. Higgs issued a challenge to readers of the Independent Institute’s blog The Beacon, as well as commentators and pundits,…
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U.S. Debt or Default: False Choice on Why the U.S. Debt Ceiling Should Not Be Raised


Thursday July 14th, 2011   •   Posted by Emily Skarbek at 5:16pm PDT   •   2 Comments

With the White House and the House of Representatives still at loggerheads over how to resolve the debt crisis, administration officials are turning up the heat, claiming that Washington has only two choices: increase the government’s borrowing capacity beyond the current $14.3 trillion limit or face a catastrophic U.S. Treasury default. If the latter…
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Welfare State Update: Americans Depend More on Federal Aid Than Ever


Thursday April 28th, 2011   •   Posted by David Theroux at 1:11pm PDT   •   1 Comment

Dennis Cauchon in USA Today reports that: Americans depended more on government assistance in 2010 than at any other time in the nation’s history, a USA Today analysis of federal data finds. The trend shows few signs of easing, even though the economic recovery is nearly 2 years old. A record 18.3% of the…
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The U.S. as Welfare State: Government Entitlements Now 35% of Wages


Monday March 14th, 2011   •   Posted by David Theroux at 9:34pm PDT   •   6 Comments

In “Is the U.S. Becoming a Welfare State?”, Daniel Indiviglio reports in The Atlantic that U.S. government entitlement programs now account for a whopping 35% of wages, up from 26% in 2008. Uncle Sam has been aggressively increasing Americans’ allowance recently. Government entitlement programs have grown to account for 35% of wages, according to…
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Robert Higgs: Government-caused Uncertainty Continues to Depress Jobs


Saturday January 29th, 2011   •   Posted by David Theroux at 11:49am PDT   •   1 Comment

In his recent article in Investor’s Business Daily, “Uncertainty Continues To Depress Jobs,” Robert Higgs (Senior Fellow, The Independent Institute) discusses how the U.S. government’s interventionist and spending policies are prolonging high unemployment by creating a climate of massive economic uncertainty: President Obama, in his State of the Union address, promised to focus on…
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U.S. Deficit Hits Record: $150.4 Billion in November—26th Straight Deficit Month


Friday December 10th, 2010   •   Posted by David Theroux at 9:19pm PDT   •   0 Comments

In the Wall Street Journal, Jeff Bater reports in “U.S. Posts $150.4 Billion November Budget Deficit,” that federal red ink is reaching an all-time record: The U.S. government ran its 26th straight monthly budget deficit in November amid wrangling over a package that would extend big tax cuts to Americans trying to recover from…
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Why the U.S. Spending Stimulus Has Failed


Sunday December 5th, 2010   •   Posted by David Theroux at 1:54pm PDT   •   1 Comment

In a new article in the Wall Street Journal, “Why the Spending Stimulus Failed: New economic research shows why lower tax rates do far more to spur growth,” Stanford University economist Michael Boskin examines how and why the U.S.’s $814 billion economic stimulus has failed. For many years now, Independent Institute Senior Fellow Robert…
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The Return of Stagflation


Sunday November 28th, 2010   •   Posted by Alvaro Vargas Llosa at 4:07pm PDT   •   2 Comments

We are entering an era of high inflation, to judge by the massive growth of the money supply in the United States, Europe and Asia, and the stubbornness of central bankers who insist that high unemployment demands the creation of even more money. The last time the world went through a similar period was…
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Private Investment vs. Government Spending in the Recession


Sunday September 26th, 2010   •   Posted by David Theroux at 5:58am PDT   •   1 Comment

Independent Institute Senior Fellow Robert Higgs examines the serious problem of “regime uncertainty” being created by the feasting of federal spending programs starving (crowding out) the private investment needed for recovery from the recession: “Private saving and investment are the heart and soul of the dynamic market process. Together they provide and allocate the…
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