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The new economic stimulus proposals rely on increased government spending, which is a proven failure. Highway and infrastructure projects take too long and do not create new jobs; they transfer jobs from one sector of the economy to another. Congress should learn from its previous mistakes and should not enact a stimulus bill that increases the deficit and will not boost the economy.
Every year at this time, the Census Bureau announces the official poverty rate of the United States. And every year, the same fruitless debate takes place.
Congress should pass the pending FTAs with Colombia, Panama, and South Korea.
Fundamentally, the employment situation in America is solid, butpayroll job growth is out of line with a host of positiveindicators.
Econometric and Policy Evaluation of the National Energy Policy