Saturday, August 14, 2010

Heritage on Economic Issues

A Prescription for Export Growth—and Economic Recovery "The best prescription for increasing U.S. exports consists of four parts: (1) cutting federal spending; a smaller budget deficit would free up foreign dollars to buy U.S.-made goods and services; (2) taking a page from the Clinton Administration playbook and making global and bilateral free trade agreements a top priority; (3) enacting the already-negotiated free trade agreements with Colombia, South Korea, and Panama; and (4) reducing U.S. trade barriers whenever possible. Taken together, this medicine would cure much of what ails the U.S. economy."  PDF

Cronyism: Undermining Economic Freedom and Prosperity Around the World "The large expansion of the role of government in the U.S. economy over the last year has included major policies and expenditures that favor special interest groups and those with strong political connections to President Obama or the Democratic Party. Such favoritism is the very definition of cronyism, and will, if unchecked, retard growth and destroy confidence in the U.S. economic system for years to come. Urgent action is needed to restore the even-handedness and fairness of government expenditures, and to roll back and eliminate special interest funding."  PDF

Cronyism: Undermining Economic Freedom and Prosperity Around the World "The question, then, is: Why would a President who claims to be looking out for the little guy against the craven interests of the rich and the corporations want to make it more difficult for the little guy to accumulate wealth?"  PDF

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