State of the Union Address
President Barack Obama presented the 2010 State of the Union Address to a joint session of Congress on Wednesday, January 27, 2010 at 9:00 PM EST. Also in attendance with President Obama were Vice President Joe Biden and Speaker of the House Nancy Pelosi. Republican Governor Bob McDonnell from Virginia delivered the GOP response to the State of the Union Address.
One question that President Obama has yet to adequately address is our current economic recession. Since taking office in January of 2009, unemployment has continued to rise, our national debt has increased and Congress’s economic stimulus plans have failed to help job creation. Below are some recent questions and responses from Heritage about these issues.
What Did Heritage Experts Think of the State of the Union Address?
So far, his enacted policies have had no beneficial effect as the 10 percent unemployment demonstrates in spades, and his threatened policies remain perhaps the greatest barrier to a strong economy. The economy will recover, and appears to have started to do so, thanks to the inherent strengths of the American economic system and the energy and hard work of American families and American businesses.
What Impact Will a Commission Have on America’s Debt Problem?
Another week, another vote in the Senate. This time it’s to increase America’s debt limit by a whopping $1.9 trillion to a grand total of $14.3 trillion. To help solve America’s debt problem, the Administration has proposed that a bi-partisan commission take the next 10 months to come up with solutions to our budgetary mess. However, the details leave much to be desired, as the commission will likely just end up passing the buck, leaving us in a similar spending predicament. Real reform requires direct Congressional action to tackle the unrestrained discretionary and entitlement spending.
Is America Still the Land of the Free?
For the first time in the history of the Index of Economic Freedom, the United States is no longer in the top category of economically free countries, and even places second in the North American region (behind Canada). This year’s score of 78, though high by global standards, is 2.7 points lower than last year, and bumps it to a second tier country of freedom.
How Does America’s Economic Freedom Affect Our Unemployment Rate?
The most recent jobs numbers came out a few weeks ago and the U.S. economy dropped another 85,000 jobs in December, bringing the jobs lost total to 3.4 million in 2009 and 2.7 million since the stimulus passed. You want to know why the United States is still shedding tens of thousands of jobs a month? The answer isn’t just layoffs. It’s the fact that America no longer is the beacon of economic freedom that it once was
How Can You Join the Conservative Comeback?
In the absence of real leadership from politicians and political parties, the American people are turning to places like The Heritage Foundation for solutions to today’s most pressing problems. Heritage is dedicated to the principles that have made our nation great: free enterprise, limited government, individual freedom, traditional American values, and a strong national defense. And, we have a plan to translate these principles into concrete results in Washington and around the nation.
What are Free Market Answers to More Debt and Taxes?
Speaking at Georgetown University on April 14th, President Barack Obama promised: We cannot rebuild this economy on the same pile of sand. We must build our house upon a rock. We must lay a new foundation for growth and prosperity — a foundation that will move us from an era of borrow and spend to one where we save and invest. Although the rhetoric is nice, the Obama administration’s actions have produced all sand and no rock.