President Obama will deliver his third State of the Union address on Tuesday night. According to a preview video released this weekend, the speech will outline Obama’s vision for improving the economy and creating jobs. With an unemployment rate of 8.5 percent, there’s much work to be done. But after three years of Obama’s failed policies, it’s unclear if anything Obama says Tuesday night will differ from the Keynesian ideas he’s already proposed. This week’s chart comes from Heritage’s analysis of the December unemployment report. The economy added 200,000 jobs … More

Syndicated columnist Charles Krauthammer is one of America’s foremost political commentators. He is among the sharpest critics of the Obama administration and liberalism.
The Daily Caller’s Ginni Thomas spoke to Krauthammer about the state…

In this week’s Heritage in Focus, economist Bill Beach discusses 2011′s economic misteps and how to readjust economic principles to guide policy in 2012. Click here to listen.
What is the fundamental economic concept that led to so many po…

President Obama visited the Pentagon on Thursday to outline his plan for gutting our nation’s military. Obama’s vision makes America more vulnerable to foreign threats and leaves our armed forces less able to provide for the common defense. As we’ve previously illustrated, Obama has proposed significant reductions to the Pentagon’s budget. This week’s chart shows how sharply defense spending has dropped as a percentage of the total federal budget — currently well below its historical average despite ongoing operations overseas. The chart also debunks the myth that our Founding Fathers … More

Last fall Sen. Richard Shelby (R-AL) visited Heritage to talk about the Consumer Financial Protection Bureau and the “unaccountable” nominee to head the agency. At the time, there was speculation President Obama would attempt to bypass the U.S. Senate to install Richard Cordray as CFPB director. That’s exactly what happened today in what Heritage’s Todd Gaziano calls a “tyrannical abuse of power.” At the time of his visit in October, Shelby said bluntly, “I think it would be devastating if we let [Obama] make a recess appointment.” Of course, this … More

Support for Obamacare sunk to 29 percent in the latest Associated Press poll. The widespread dissatisfaction with President Obama’s signature achievement is one reason Rep. Tom Price (R-GA) has developed health care reform that puts patients first rather than government. Price, chairman of the House Republican Policy Committee, understands health care better than most. Before coming to Congress, he spent nearly 20 years in private practice as an orthopedic surgeon. He’s now using the lessons from that experience to undo the damage of Obamacare by promoting a plan called the … More

President Obama had hoped to be in Hawaii today for the start of his 17-day Christmas vacation. Instead, he’s stuck in Washington until Congress finishes its work for the year. But in the Aloha State, residents are already abuzz about the first family’s trip — and its high price tag. Figures obtained by Hawaii Reporter reveal the trip is expected to run taxpayers about $4 million. It has already cost taxpayers about $100,000 extra just so first lady Michelle Obama and the president’s daughters, Sasha and Malia, could leave Friday … More

A new poll from Gallup suggests that President Obama’s class warfare argument and the Occupy Wall Street movement are failing to resonate with Americans — and might actually be backfiring. The new survey reveals that Americans today are less likely to think of the country as divided into “haves” and “have nots” as compared to when Obama ran for office in 2008. That campaign featured the Obama’s “spread the wealth around” rhetoric and followed former Democrat vice presidential candidate John Edwards’ talk of “two Americas.” Americans were equally divided when … More

In a recent speech in Kansas, President Obama launched a diatribe against “trickle-down” economic policies. Not only did President Obama mischaracterize conservative tax policy, but facts rebut his claim that these policies have been a failure. The President began by invoking his understanding of conservative economic philosophy: “If the winners do really well, then jobs and prosperity will eventually trickle down to everybody else.” “Trickle down” is of course a disingenuous misnomer invented by the left to stigmatize conservative supply-side economic policies. It implies favoring the rich—that doing so will … More

President Obama’s economic stimulus was supposed to revive America’s economy and put people back to work. But nearly three years after Democrats rammed the bill through Congress, it’s a clear-cut failure. The nation’s 8.6 percent unemployment rate stands out as one of consequences. Then there is the high-profile Solyndra scandal and countless other government schemes gone awry. In a new video from Reason.tv, Jim Epstein takes a closer look at other examples — in a setting just a few miles from Capitol Hill. In Silver Spring, MD, government contractors pocketed … More