In the Great Depression, the Smoot-Hawley Tariff Act was enacted in 1930 to make goods imported from overseas more expensive to American consumers than domestic goods. The thought was to incentivize the purchase of U.S.-made goods during a devastating economic downturn, boosting the bottom lines […]

Small business groups have joined forces with Sen. Carl Levin (D-Mich.) to block offshore tax havens for large companies and wealthy Americans that come at the expense of job producing enterprises, according to The New York Times. Or have they? Although Sen. Levin has never […]

By Kevin Mooney — When you move past the legislative gamesmanship surrounding a bill that would provide for $30 billion in small business loans, it becomes evident that Republican lawmakers have offered economically sound amendments. However, with the mid-term elections just a few months away, […]

Not less than a week after a $26.1 billion bailout to bankrupt states like New York and California was stripped from a must-pass war supplemental, it has returned. Senate Democrats had failed to muster the 60 votes needed for passage of a House version of […]

In the mold of Obama, when Bob McDonnell came to power in Virginia he went after the jobs/unemployment problem with “solutions” that only Big Government could provide. Consider one of his big highlights that he often touts. Bob McDonnell handed Northrop Grumman $14 million in taxpayer funded handouts to move 300 jobs to Virginia. Oddly, Northrop […]

Last week, the Obama Administration released its Friday afternoon surprise: another $1.47 trillion in debt for the year of 2010. The news comes in the context of imminent tax increases due to occur on January 1st, 2011 as the Bush tax cuts expire. As reported […]

By Kevin Mooney — So now it’s called a “clean energy jobs” bill, replete with government inducements for contractors operating on pre-approved “efficiency” projects. Concerns over global warming and/or climate change are so 2009 and are no longer in vogue. A draft version of the […]

By Rebekah Rast – The Seven Dwarfs from the Disney movie wouldn’t be singing “Heigh-Ho” on the way to their job if they were mining in the U.S. In fact, they would probably be out of work altogether. An often overlooked but critical industry in […]

Speaking this past Sunday on NBC’s Meet the Press , Treasury Secretary Timothy Geithner was of two minds — or shall we say two faces — about the American people’s level of debt and the causes of the financial crisis. First, he said “we’ve been living beyond our means as a country, Americans have […]