Doescher: Okay. All right, go ahead.
Griffith: The headline is, is a bit misleading because it suggests that up until this point inflation wasn t here. Well, in fact, ablation is here almost each and every year. In fact, going all the way back to 1955, the mid 1950s, there is only one year in that entire stretch that dates back to the time that our parents, for you and me, our parents are born, there s only been one time that we did not have inflation in a given year. That was back in 2009. So inflation is with us almost each and every year. Now the inflation rate that we see right now over the last 12 months, if this continues, this will be the most inflation we ve seen in a given year dating back to 1991.
Heritage Experts: Abysmal Jobs Numbers Show Biden Administration Policies Doing More Harm Than Good
April’s disappointing jobs report showed only 266,000 job gains, after the Biden administration had predicted a gain of 1 million new jobs.
May 7, 2021 3 min read
WASHINGTON- April’s disappointing jobs report showed only 266,000 job gains, after the Biden administration had predicted a gain of 1 million new jobs. The unemployment rate ticked up to 6.1% even amidst widespread re-openings and 45% of Americans now having received the COVID-19 vaccine.
Joel Griffith, a research fellow in The Heritage Foundation’s Roe Institute, released the following statement Friday calling out the failed policies that are disincentivizing employment and creating a drag on the economy:
Economic Resurgence from the Pandemic Shows Promise in Spite of, Not Because of, Biden Policies
Apr 30, 2021 2 min read
WASHINGTON Positive economic data released this week reflected the continued reopening across the nation. Real GDP grew at a 6.4% annual rate in the first quarter of 2021, and consumer spending rose at a rate of 4.2%, thanks largely to a spending surge for travel accommodations and food services.
In his joint address to Congress on Wednesday, President Biden falsely credited the recovery to the massive growth of the federal government. He also lobbied for higher taxes on businesses and investors to rebuild the economy from “the bottom up and the middle out.” This rhetoric ignores the all-time highs in household income and historic lows in unemployment stemming from the tax cuts and regulatory cuts championed by the previous administration.
Policy Proposal to Boost Economic Growth Includes Online Capital Formation, Digital Assets and More
Earlier this year,
Senator Pat Toomey, the ranking member of the
Senate Banking Committee, issued a call for policy proposals that could boost economic growth. Key policy moves designed to generate more jobs and improve prosperity are always needed – even more so on the heels of a health crisis.
One of the submissions forwarded to the Committee came from two economic policy experts,
Norbert Michel. Burton is Senior Fellow in Economic Policy, Roe Institute for Economic Policy Studies, Institute for Economic Freedom and Opportunity, at The Heritage Foundation. Michel is Director, Center for Data Analysis, at The Heritage Foundation.