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Despite great handwringing over America's anemic job creation, the president demonstrates little understanding of the damage his policies are doing to millions of unemployed American desperate to find work.

A major factor behind the weak recovery and gloomy outlook is a climate of policy-induced economic uncertainty. An index we devised shows U.S. policy uncertainty at historically high levels.

The massive government spending during World War II did not lead to an economic boom. Economic historians have known for some time that the war cut personal consumption as Americans saved their paychecks in record amounts.

Doubts about Prime Minister Kan's leadership are growing. He will be judged by how he responded to the earthquake and how he positions Japan to emerge as strongly as possible from the disaster.

The present U.S. economic recovery will be difficult to sustain without a meaningful increase in labor incomes, yet scant attention is being paid to how little this recovery is benefiting the average worker.

The Obama administration does not allow states to limit eligibility for Medicaid, which is a major way they usually reduce costs while providing coverage for the most needy.