The Obama Administration has been knee-deep in scandal after green energy “model” Solyndra went bankrupt less than two years after receiving a $500 million loan guarantee from the federal government. Now, they are up against another controversy. Days before a recent deadline, the Department of Energy brazenly approved two additional loans for more than $1 billion for solar energy projects in the Obama Administration’s green jobs program. The latest ill-fated ventures include a $737 million loan guarantee to Solar Reserve for a 110-megawatt solar tower on federal land in Nevada … More

Wisconsinites are headed to the polls to cast their votes in the Wisconsin recall elections. The recall campaigns — against six Republicans today and against two Democratic state senators next week — have gained national attention. They stem from the fierce standoff between the Legislature earlier in the year. The unprecedented circumstances in Wisconsin ensure low voter turnout and noncompetitive results won’t be a problem. Numerous politicians are calling for Treasury Secretary Timothy Geithner’s resignation following the downgrade of the U.S. credit rating from AAA to AA+. Congresswoman and presidential … More

On Friday evening, Standard & Poor’s (S&P) downgraded the U.S. credit rating from AAA to AA+. As we and other conservatives warned, the spending reductions in the deal negotiated by President Obama to raise the debt ceiling were inadequate, and S&P reacted as we predicted but sooner. Neither Moody’s nor Fitch, two other rating agencies, have downgraded federal debt yet, but they are not providing much rosier outlooks. Decades of over-spending and over-borrowing by the federal government have damaged America’s creditworthiness. Congress after Congress, President after President, the federal government … More

President Obama kicked off the weekend with a testy Friday night press conference warning of the drastic consequences of failing to raise the debt limit, the havoc it would wreak on financial markets, and the disastrous repercussions for the poor and middle class. That message of fear was reiterated throughout the weekend, bookended this morning by a senior White House official who says there’s a 50/50 chance that the standoff in Washington will not be resolved by the August 2 deadline. But it’s not fear for fear’s sake. The White House … More

Last night, President Barack Obama and U.S. congressional leaders failed to reach agreement on a deal to raise the nation’s debt limit. Meanwhile, it has been more than 800 days since the U.S. Senate passed a budget, liberals in Washington are pushing for higher taxes, unemployment is soaring, the deficit keeps growing, and America is careening toward an economic future as the Europe of the West. That’s a future of crippling debt, spending, and permanently high unemployment that some in Congress are trying to avoid. On Saturday, Speaker of the … More

In a press conference on Wednesday, President Barack Obama promised to boldly go where no President has gone before, taking “unprecedented” steps to cut back the tangle of regulations that are strangling businesses and leading to America’s anemic job growth. It’s certainly a welcome idea, but the only trouble is that despite the President’s claim, his brave new idea isn’t all that unprecedented, and he is, in fact, a big part of the problem. Government regulation takes a heavy toll on the economy, tying down businesses and preventing them from growing, … More

As we saw at yesterday’s press conference, President Obama is not going to lead on the debt ceiling issue. Nor is he going to compromise or play a mediating role. He is more interested in blaming others for his troubles, demagoguing other solutions and running for re-election. This is why conservatives need to be reminded not to yield to scare tactics.  Last night, our sister organization, Heritage Action for America, announced it would ask Members of Congress to vote “no” on raising the debt ceiling–unless, that is, a deal “rises to … More

The Congressional Budget Office (CBO) just released its long-term outlook for the federal budget. As expected, we are going broke slightly faster than we were a few months ago. No doubt the usual bigger-government types will use this news to repeat the mantra that we need to both cut spending and “enhance revenues” (a thinly veiled euphemism for tax hikes). Treasury Secretary Timothy Geithner used this oft-repeated line just this week. But their argument is exactly backwards. The CBO report actually once again proves that no tax hikes are necessary … More

By Matt HawesConan O’Brien took a quick jab at Treasury Secretary Timothy Geithner during his commencement address to Geithner’s alma mater, Dartmouth College.
For context, he was listing off several fictitious graduates – and decided to add Geithner …

Unemployment in the United States increased again last month to 9.1 percent, with the Obama economy adding only 54,000 jobs—the fewest in eight months. Today’s terrible jobs report is much worse than expected. Economists surveyed by Dow Jones Newswires had grimly predicted 160,000 new jobs and an unemployment rate of 8.9 percent earlier this week. But…