Senate Bails Out the Rich Again
The Washington Post reports: The Senate voted Wednesday to renew the government’s $8,000 tax credit for first-time home buyers through the first six months of… Read More
The Washington Post reports: The Senate voted Wednesday to renew the government’s $8,000 tax credit for first-time home buyers through the first six months of… Read More
Nolan Finley at The Detroit News reports: Workers in Barack Obama’s new economic order fall into two categories — those who are worthy of the… Read More
The failure of the stimulus package to create jobs and generate economic growth becomes more apparent each day – despite preposterous claims from the White… Read More
Sunday, CIT Group, with $71 billion in assets one of the largest small business lenders in the country and the recipient last December of $2.3… Read More
Lawrence Summers, the Director of the White House National Economic Commission recently committed an unpardonable sin – he revealed two unpleasant truths in a single… Read More
It is all too common for members of Congress to recognize the problem with entitlement spending, talk about it, but then decide to kick the… Read More
Three years ago the U.S. finished negotiating a free trade agreement (FTA) with Colombia that would have given American businesses reciprocal access to the Colombian… Read More
The Treasury Department and House Financial Services Committee Chairman Barney Frank have just released a highly complex 253 page draft bill that is supposed to… Read More
The Wall Street Journal reports: GMAC Financial Services Inc. and the Treasury Department are in advanced talks to prop up the lender with its third… Read More
Last night on The Ed Show, Rep. Barney Frank (D-MA) debated Ralph Nader. Honesty ensued. Watch: [youtube]http://www.youtube.com/watch?v=uXPwr-MxvDQ[/youtube]
Two House committees this week approved derivatives legislation that composes a significant part of the Obama Administration’s Financial Services reform plan. Remarkably, for a plan… Read More
Obama promised that the stimulus would “create or save” 3.5 million jobs, and significantly tempter the rising unemployment rate. Now that it is clear that… Read More
Not only do government wage controls not work, they usually backfire. Perhaps worse, like a lot of ill-conceived government schemes, they often punish the wrong… Read More
CNBC reported on Obama’s Pay Czar earlier this week: Under the plan, which will be announced in the next few days by the Treasury Department,… Read More
In mid-February, President Obama signed the massive $787 billion stimulus bill into law. According to the Bureau of Labor Statistics, a net of 3.6 million… Read More
Last week President Barack Obama announced he wants to give every Social Security recipient a $250 payment to make up for the fact that they… Read More
At Marginal Revolution George Mason University economics professor Alex Tabarrok comments on Obama administration’s pay czar Kenneth Feinberg’s decision to cut bailed out firm executive… Read More
The latest video from Political Math does well in explaining how mandatory spending, consisting mostly of Medicare, Medicaid, and Social Security, will crowd out other spending from… Read More
When it comes to legislative PR, it doesn’t get much better than “Buy American.” What could possibly be more patriotic than buying American-made products? During… Read More
This afternoon President Barack Obama announced that his administration would shift TARP’s $700 billion bailout fund away from big financial institutions and toward small businesses… Read More
Rep. Carol Shea-Porter (D-NH) on WMUR last night: “I know that it has created some jobs but clearly but clearly not what we were anticipating.”… Read More
Yesterday the Washington Post reported: Federal economic recovery aid has created or saved 250,000 education jobs, the Obama administration announced Monday, although states and school… Read More
[youtube]http://www.youtube.com/watch?v=JxQgqqnpxo4[/youtube]
While Time Magazine has set up shop in Detroit to chronicle the continuing decay of one of America’s great industrial cities, the Wall Street Journal… Read More
File this away in the “I told you so” budget commentary section. Last April, legislators hobbled together nearly $5 billion in one-time funds to balance… Read More
Some wonder whether the stock market’s rebound to over 10,000 is a sign not of economic recovery but of inflation. Is the simultaneous rise in… Read More
[youtube]http://www.youtube.com/watch?v=2DhabZ2N8U8[/youtube] FCC Commissioner McDowell recently spoke at Heritage’s Blogger Briefing and then sat down with the Foundry to discuss the ongoing process to add unnecessary… Read More
TIGGER: It’s not just a character from Winnie the Pooh. It also stands for the Department of Transportation’s Transit Investments for Greenhouse Gas and Energy… Read More
When a disgruntled employee files a lawsuit that goes to court his employer must pay tens or hundreds of thousands of dollars in legal fees…. Read More
The Obama administration released the first hard numbers on how many jobs their $787 billion stimulus package has created or saved on Recovery.gov today. The… Read More
