The U.S. economy grew at a 2 percent annualized rate in the third quarter of 2021, the slowest increase since the close of the 2020 recession. CEI’s Ryan Young urges Congress and state government leaders to resist the urge to spend more and, instead, focus on removing barriers to recovery. Statement by CEI Senior Fellow … Continue reading Economy is bouncing back slowly, but Democrat spending bomb could blow it all away
Category: Economy
In a hurried attempt to deliver on the multitude of promises made by Democrats over the last nine months, President Biden unveiled a so-called “framework” for a socialist tax and spending spree. A preliminary analysis by House Budget Committee Republicans has found that the Democrats’ proposed agenda will cost at least $4.6 trillion and could … Continue reading Analysis confirms Dem spending bomb, propped up by gimmicks and fake offsets, costs $4.6 trillion, adds $3 trillion in debt
In his opening statement at a U.S. Senate Banking Committee hearing, Ranking Member Pat Toomey (R-Pa.) said that the Biden administration has rushed to return the Consumer Financial Protection Bureau (CFPB) to the lawless, anti-business, unaccountable agency that it was under the Obama administration. Senator Toomey also criticized Director Rohit Chopra for his refusal to … Continue reading CFPB returning to lawless, anti-business, unaccountable agency
Democrats are set to blow past yet another arbitrary deadline in their misguided quest to jam through their reckless tax and spending spree. The sticking point this time is a tax hike on U.S. job creators. Some Democrats believed this tax hike was the solution to their problems, but other Democrats quickly threw cold water … Continue reading Democrats splintering over unpopular socialist tax hikes
In poll after poll, Americans continue to lose confidence in Joe Biden. The American people are not confident that Joe Biden can effectively lead the country’s post-COVID economic recovery. Americans’ confidence in Biden’s ability to lead an economic recovery has dropped 8% since January. Notably, the decline is most significant among Democrats and Independents. Americans … Continue reading New polls show confidence in Biden is crumbling
That’s a 17.1% negative swing in 3 months.
With inflation on pace to reach its highest level in nearly forty years, President Biden and Washington Democrats are attempting to ram through a 2,400 page, multi-trillion tax and spending agenda that will all but guarantee to fuel the fire of inflation and further harm working families.
Even with significant inflation, runaway gas prices, and runaway energy costs already hitting American families in their pocketbooks — Washington Democrats have spent months dreaming up new cash grabs for the IRS.
There is one thing every American can agree on: The cost of everyday goods has skyrocketed, and paychecks seem to be shrinking. While workers, families, and job creators clamor for answers about when these astronomical prices will come back down to earth and when the supply chain woes will end, Joe Biden and his administration … Continue reading Biden admin says Americans should learn to live with inflation, but vows to stop ‘climate change’
Over his first nine months in office, President Biden has lost support among Americans of all stripes — men and women, Black voters and white voters, Zoomers and Baby Boomers. Even Democrats writ large are more disenchanted. But two groups with whom Biden has lost support stand out: independents and Hispanics
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