Free Republic

New economics research suggests that President Obama's stimulus plan may have destroyed or forestalled employment, including more than 1 million private-sector jobs. Economists Timothy Conley, University of Western Ontario, and Bill Dupor of Ohio State University found that the stimulus resulted in a net loss of 595,000 jobs from April 2009 to September 2010. That counters research by the Congressional Budget Office, the Council of Economic Advisors, and many other economists.

Commentary: Beijing won't push the renminbi too fast China and four other leading high-growth economies have taken landmark steps toward lowering the importance of the dollar in international financial transactions — part of a seminal shift in the move towards a multicurrency reserve and trading system. Mind you, you wouldn't get an idea of anything dramatic from reading the official Chinese press on the conclusion of a summit meeting of the so-called BRICS economies (Brazil, Russia, India, China and South Africa) in the southern resort twin of Sanya in southern China last week. "Leaders call for peace and prosperity" was...

"The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning. "That figure tops last February’s record of $220.9 billion, and marks the 29th straight month the government has run in the red — a modern record. The last time the federal government posted even a monthly surplus was September 2008, just before the financial collapse. "Last month’s federal deficit is nearly four times as large as the spending cuts House Republicans have passed in their spending bill, and is more than 30 times the...

The Obama administration knows that the American public is against the reforms that President Obama is proposing as they were against them when President George W. Bush proposed them, and the American public defeated two efforts by the Bush administration and Congress to implement those so-called reforms. Why is President Obama losing political popularity, and why is the Congress held in such low regard? The contempt of the public on this issue towards the efforts of both the President and the Congress to impose their will on an unwilling public has added strength to the coming November debacle for the...

If enough people break a small and oppressive regulation, something will have to be done at the government level. Think Tea Tax and Boston Harbor. Right now the inmates are running the asylum that is America (and Canada, as referenced by Steyn). It’s time for us to revolt. If our phonecalls and pleas to representatives are falling on deaf ears, then we have to do something to make them take notice. No, not bombing a federal building in Oklahoma City. But how about the equivelent of what Mr. Steyn and Ms. Shaidle do every day? They ridicule the rules, post...