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<title><![CDATA[Louis Woodhill - Articles - RealClearPolitics]]></title><link>http://www.RealClearPolicy.com/authors/rss/archive/18919.xml</link><description><![CDATA[Louis Woodhill]]></description><category domain="18919">Author</category><item>
							<title><![CDATA[Fire the Fed]]></title>
							<link>https://www.washingtontimes.com/news/2018/dec/23/the-federal-reserves-logic-for-raising-interest-ra/</link>
							<guid><![CDATA[https://www.washingtontimes.com/news/2018/dec/23/the-federal-reserves-logic-for-raising-interest-ra/]]></guid>							
							<pubDate>Mon, 24 Dec 2018 00:00:00 -0600</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[In one of the most remarkable Abbott and Costello routines in modern times, the economic wizards at the Fed again raised interest rates on Tuesday. Their cracker jack logic for doing so is to steer America on a course toward recession so they have the tools in hand to end the recession...]]></description>
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							<title><![CDATA[Time for a Return to Economic Basics]]></title>
							<link>http://www.realclearmarkets.com/articles/2013/06/10/ok_jobs_report_calls_for_a_return_to_the_basics_100388.html</link>
							<guid><![CDATA[http://www.realclearmarkets.com/articles/2013/06/10/ok_jobs_report_calls_for_a_return_to_the_basics_100388.html]]></guid>							
							<pubDate>Mon, 10 Jun 2013 00:00:00 -0500</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[Wall Street responded with giddy enthusiasm to Friday's "Employment Situation" report from the Bureau of Labor Statistics (BLS). The Dow was up by 207.50 points on the day. However, the May jobs numbers themselves were "OK" at best.Certainly, a month during which the "headline" (U-3)...]]></description>
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							<title><![CDATA[Why Friday's Jobs Report Was Ominous]]></title>
							<link>http://www.realclearmarkets.com/articles/2013/05/06/why_fridays_jobs_report_was_ominous_100301.html</link>
							<guid><![CDATA[http://www.realclearmarkets.com/articles/2013/05/06/why_fridays_jobs_report_was_ominous_100301.html]]></guid>							
							<pubDate>Mon, 06 May 2013 00:00:00 -0500</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[Friday's "Employment Situation" report from the Bureau of Labor Statistics (BLS) wasn't just bad, it was ominous. We're going to discuss what was ominous about it, and what progressive economic policies have to do with all of this. However, first, let's look at why the report was not...]]></description>
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							<title><![CDATA[Under Obama, Stagnation Is the New Normal]]></title>
							<link>http://www.realclearmarkets.com/articles/2012/12/10/jobs_under_obama_economic_stagnation_is_the_new_normal_100035.html</link>
							<guid><![CDATA[http://www.realclearmarkets.com/articles/2012/12/10/jobs_under_obama_economic_stagnation_is_the_new_normal_100035.html]]></guid>							
							<pubDate>Mon, 10 Dec 2012 00:00:00 -0600</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[Friday's "Employment Situation" report from the Bureau of Labor Statistics (BLS) showed that 5.4 million Americans have dropped out of the labor force since Barack Obama took office. The labor force declined by 350,000 in November, despite an increase of 191,000 in our working age...]]></description>
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							<title><![CDATA[Will QE3 Work? It's Already Failed]]></title>
							<link>http://www.forbes.com/sites/louiswoodhill/2012/09/19/will-ben-bernankes-qe3-work-no-its-already-failed/</link>
							<guid><![CDATA[http://www.forbes.com/sites/louiswoodhill/2012/09/19/will-ben-bernankes-qe3-work-no-its-already-failed/]]></guid>							
							<pubDate>Thu, 20 Sep 2012 00:00:00 -0500</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[People can stop wondering if QE3, Fed Chairman Ben Bernanke&rsquo;s latest effort to &ldquo;do more&rdquo;, will work.  It has already failed.The futility of QE3 was made clear by the financial markets&rsquo; reaction to the Fed&rsquo;s announcement.  The Real Dow, which is the Dow Jones...]]></description>
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							<title><![CDATA[U.S. Economy Needs Spending Cuts &amp; Tax Cuts]]></title>
							<link>http://www.forbes.com/sites/louiswoodhill/2012/08/22/economic-growth-will-pay-for-mitt-romneys-tax-cuts/</link>
							<guid><![CDATA[http://www.forbes.com/sites/louiswoodhill/2012/08/22/economic-growth-will-pay-for-mitt-romneys-tax-cuts/]]></guid>							
							<pubDate>Sun, 26 Aug 2012 00:00:00 -0500</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[On August 18, the Washington Post published an editorial calling Republican presidential candidate Mitt Romney&rsquo;s tax reform plan &ldquo;garbage&rdquo;.  Citing reports from the (allegedly) non-partisan Tax Policy Center, the Post said that it is not possible to &ldquo;broaden the...]]></description>
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							<title><![CDATA[General Motors Is Headed for Bankruptcy--Again]]></title>
							<link>http://www.forbes.com/sites/louiswoodhill/2012/08/15/general-motors-is-headed-for-bankruptcy-again/</link>
							<guid><![CDATA[http://www.forbes.com/sites/louiswoodhill/2012/08/15/general-motors-is-headed-for-bankruptcy-again/]]></guid>							
							<pubDate>Thu, 16 Aug 2012 00:00:00 -0500</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[President Obama is proud of his bailout of General Motors.  That&rsquo;s good, because, if he wins a second term, he is probably going to have to bail GM out again.  The company is once again losing market share, and it seems unable to develop products that are truly competitive in the...]]></description>
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							<title><![CDATA[President Obama Is Running Out of Excuses on Jobs]]></title>
							<link>http://www.realclearmarkets.com/articles/2012/05/07/president_obama_is_running_out_of_jobs_excuses_99657.html</link>
							<guid><![CDATA[http://www.realclearmarkets.com/articles/2012/05/07/president_obama_is_running_out_of_jobs_excuses_99657.html]]></guid>							
							<pubDate>Mon, 07 May 2012 00:00:00 -0500</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[Friday's Employment Report from the Bureau of Labor Statistics (BLS) was so bad that the Obama administration didn't even bother to tout the reported 0.1 percentage point decline in the "headline" (U-3) unemployment rate. They knew that to do so would just make them look completely out...]]></description>
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							<title><![CDATA[Obama's '12 Prospects Suffer Ominous GDP Report]]></title>
							<link>http://www.forbes.com/sites/louiswoodhill/2012/05/02/president-obamas-2012-re-election-prospects-suffer-an-ominous-gdp-report/</link>
							<guid><![CDATA[http://www.forbes.com/sites/louiswoodhill/2012/05/02/president-obamas-2012-re-election-prospects-suffer-an-ominous-gdp-report/]]></guid>							
							<pubDate>Thu, 03 May 2012 00:00:00 -0500</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[Last Friday&rsquo;s report by the Bureau of Economic Analysis (BEA) on its first estimate of 1Q2012 GDP growth produced considerable weeping, wailing, and gnashing of teeth, especially among supporters of President Obama. The BEA reported that real GDP grew at a 2.2% annual rate. This...]]></description>
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							<title><![CDATA[Ben Bernanke's Shocking Gold Standard Ignorance]]></title>
							<link>http://www.realclearmarkets.com/articles/2012/03/27/ben_bernankes_shocking_gold_standard_ignorance_99586.html</link>
							<guid><![CDATA[http://www.realclearmarkets.com/articles/2012/03/27/ben_bernankes_shocking_gold_standard_ignorance_99586.html]]></guid>							
							<pubDate>Tue, 27 Mar 2012 00:00:00 -0500</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[If you are wondering why our economy is such a mess right now, take this simple quiz (no Googling allowed):1. Who is the Chairman of the Federal Reserve?2. Who is the head of the National Institute of Standards and Technology (formerly. the U.S. Bureau of Standards)?]]></description>
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							<title><![CDATA[Gasoline Prices Aren't Rising, the Dollar Is Falling]]></title>
							<link>http://www.forbes.com/sites/louiswoodhill/2012/02/22/gasoline-prices-are-not-rising-the-dollar-is-falling/</link>
							<guid><![CDATA[http://www.forbes.com/sites/louiswoodhill/2012/02/22/gasoline-prices-are-not-rising-the-dollar-is-falling/]]></guid>							
							<pubDate>Thu, 23 Feb 2012 00:00:00 -0600</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[Panic is in the air as gasoline prices move above $4.00 per gallon. Politicians and pundits are rounding up the usual suspects, looking for someone or something to blame for this latest outrage to middle class family budgets. In a rare display of bipartisanship, President Obama and...]]></description>
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							<title><![CDATA[We Vastly Overrate Education's Economic Worth]]></title>
							<link>http://www.forbes.com/sites/louiswoodhill/2012/02/15/solyndras-in-the-classroom-how-we-vastly-overrate-education/</link>
							<guid><![CDATA[http://www.forbes.com/sites/louiswoodhill/2012/02/15/solyndras-in-the-classroom-how-we-vastly-overrate-education/]]></guid>							
							<pubDate>Thu, 16 Feb 2012 00:00:00 -0600</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[Barack Obama hardly ever gives a speech without mentioning the need to &ldquo;invest more in education&rdquo;. Many so-called &ldquo;Conservatives&rdquo; voice agreement with this notion. The unstated assumption on both sides of the aisle is that &ldquo;investment in education&rdquo;...]]></description>
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							<title><![CDATA[Even Warmists Don't Believe In Global Warming]]></title>
							<link>http://www.forbes.com/sites/louiswoodhill/2011/12/28/even-the-warmists-dont-believe-in-global-warming/</link>
							<guid><![CDATA[http://www.forbes.com/sites/louiswoodhill/2011/12/28/even-the-warmists-dont-believe-in-global-warming/]]></guid>							
							<pubDate>Thu, 29 Dec 2011 00:00:00 -0600</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[Much was written about the most recent United Nations Climate Change Conference, which was held in Durban, South Africa November 28 through December 9 of this year. However, most commentators gave short shrift to the most important&mdash;in a sense, the only&mdash;outcome of the meeting....]]></description>
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							<title><![CDATA[Don't Extend the Idiotic, Evil Payroll Tax Decrease]]></title>
							<link>http://www.forbes.com/sites/louiswoodhill/2011/12/21/dont-extend-the-ill-conceived-evil-payroll-tax-cut/</link>
							<guid><![CDATA[http://www.forbes.com/sites/louiswoodhill/2011/12/21/dont-extend-the-ill-conceived-evil-payroll-tax-cut/]]></guid>							
							<pubDate>Thu, 22 Dec 2011 00:00:00 -0600</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[On December 20, the House of Representatives refused to pass the Senate&#194;&#146;s 2-month Social Security payroll tax cut extension.  This created the genuine possibility that this temporary 2.0 percentage point cut in the 6.2% Social Security tax normally paid by employees would expire at the...]]></description>
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							<title><![CDATA[Dear Barack: It's Time to Give Up on the Stimulus]]></title>
							<link>http://www.forbes.com/sites/louiswoodhill/2011/11/23/dear-barack-its-time-to-give-up-on-the-stimulus/</link>
							<guid><![CDATA[http://www.forbes.com/sites/louiswoodhill/2011/11/23/dear-barack-its-time-to-give-up-on-the-stimulus/]]></guid>							
							<pubDate>Sat, 26 Nov 2011 00:00:00 -0600</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[Barack.  Give it up, man.  Stop flying around the country pushing your latest $447 billion &ldquo;stimulus&rdquo; plan.  Stop with the &ldquo;Pass this bill&rdquo; shtick, already.  Everyone knows that stimulus doesn&rsquo;t work.  Even the people who wrote your original $787 billion...]]></description>
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							<title><![CDATA[Fundamental Tax Reform Is Now Unstoppable]]></title>
							<link>http://www.forbes.com/sites/louiswoodhill/2011/10/26/fundamental-tax-reform-is-now-unstoppable/</link>
							<guid><![CDATA[http://www.forbes.com/sites/louiswoodhill/2011/10/26/fundamental-tax-reform-is-now-unstoppable/]]></guid>							
							<pubDate>Fri, 28 Oct 2011 00:00:00 -0500</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[With Rick Perry&rsquo;s call for a 20% Flat Tax, the movement for fundamental, pro-growth tax reform became unstoppable.  Perry, Herman Cain, and Mitt Romney are now the only viable candidates for the Republican presidential nomination remaining.  With both Cain and Perry now offering...]]></description>
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							<title><![CDATA[Obama's Economic Rebound That Wasn't]]></title>
							<link>http://blogs.forbes.com/louiswoodhill/2011/06/08/president-obama-authors-the-economic-recovery-that-isnt/</link>
							<guid><![CDATA[http://blogs.forbes.com/louiswoodhill/2011/06/08/president-obama-authors-the-economic-recovery-that-isnt/]]></guid>							
							<pubDate>Thu, 09 Jun 2011 00:00:00 -0500</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[At the end of this month, President Obama&#194;&#146;s economic recovery will be  two years old.  Let&#194;&#146;s look at what we can expect in terms of results.The consensus forecasts have been overly optimistic of late, but  let&#194;&#146;s assume that the economists get it right for 2Q 2011, and we get  real GDP...]]></description>
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							<title><![CDATA[Save Social Security With GDP Growth, Not Cuts]]></title>
							<link>http://blogs.forbes.com/louiswoodhill/2011/03/09/social-security-needs-growth-not-cuts/</link>
							<guid><![CDATA[http://blogs.forbes.com/louiswoodhill/2011/03/09/social-security-needs-growth-not-cuts/]]></guid>							
							<pubDate>Thu, 10 Mar 2011 00:00:00 -0600</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[Having deliberately ignored the issue of entitlement costs in its  2012 Budget, the Obama Administration is holding its breath to see if  the Republicans will fall into the trap and propose unpopular changes to  Social Security.  The GOP should not take the bait.Social Security needs...]]></description>
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							<title><![CDATA[Labor Unions, and the Problem of &quot;More&quot;]]></title>
							<link>http://www.realclearmarkets.com/articles/2011/02/10/labor_unions_and_the_problem_with_more_98861.html</link>
							<guid><![CDATA[http://www.realclearmarkets.com/articles/2011/02/10/labor_unions_and_the_problem_with_more_98861.html]]></guid>							
							<pubDate>Thu, 10 Feb 2011 00:00:00 -0600</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[It is interesting to watch so-called "Progressives" tout 19th century solutions for 21st century problems. One such initiative is "high speed rail", upon which the Obama administration proposes to spend $53 billion. However, another (and far more economically destructive) goal is...]]></description>
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							<title><![CDATA[A Conspiracy Against Economic Growth]]></title>
							<link>http://www.realclearmarkets.com/articles/2010/08/11/the_conspiracy_against_economic_growth_98619.html</link>
							<guid><![CDATA[http://www.realclearmarkets.com/articles/2010/08/11/the_conspiracy_against_economic_growth_98619.html]]></guid>							
							<pubDate>Thu, 12 Aug 2010 00:00:00 -0500</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[On July 11, Erskine Bowles, co-chairman of President Obama's Debt and Deficit Commission, made the following statement in a speech to the National Governors' Association annual meeting in Boston:"We can't grow our way out of this. We could have decades of double-digit growth and not grow...]]></description>
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							<title><![CDATA[Bleeding the Economy Back to Health]]></title>
							<link>http://www.realclearmarkets.com/articles/2009/07/17/bleeding_the_economy_back_to_health_97315.html</link>
							<guid><![CDATA[http://www.realclearmarkets.com/articles/2009/07/17/bleeding_the_economy_back_to_health_97315.html]]></guid>							
							<pubDate>Fri, 17 Jul 2009 00:00:00 -0500</pubDate>
							<author>Louis Woodhill</author>
							<description><![CDATA[When someone got sick during the Dark Ages, doctors would use leeches to bleed the patient. If the patient got well, then the bleeding worked. If they died, then they were beyond help in the first place. If they remained sick, the doctors attached more leeches. No matter what the...]]></description>
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							<title><![CDATA[Get Ready for 14 Percent Unemployment]]></title>
							<link>http://www.realclearmarkets.com/articles/2009/07/06/get_ready_for_14_percent_unemployment_97295.html</link>
							<guid><![CDATA[http://www.realclearmarkets.com/articles/2009/07/06/get_ready_for_14_percent_unemployment_97295.html]]></guid>							
							<pubDate>Mon, 06 Jul 2009 00:00:00 -0500</pubDate>
							<author>Louis Woodhill</author>
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