Desperate to defend the incoming corporate-socialist order, the Center for American Progress again defended Fannie Mae and Freddie Mac after Wednesday’s presidential debate. CAP’s Wonkroom… Read More
The left is in full attack mode against Joe the Plumber. The leftist website Daily Kos has even posted his home address (and, mistakenly, even… Read More
Fantastic clear explanation of how federal government intervention with the market directly caused today’s financial turmoil by Peter Schiff in today’s Washington Post: Just as… Read More
The Heritage Foundation’s Center for Data Analysis has just released a study of Barack Obama and John McCain’s tax plans. Using tax models and tax… Read More
Liberals are so ecstatic over the recent financial crisis that they have lost all contact with reality. Witness Harold Meyerson in The Washington Post: In… Read More
Senate Banking Committee Chairman Chris Dodd has announced he wants to pass legislation making major changes in lending laws during a lame duck session next… Read More
The left is slowly beginning to wrap their heads around the fact that it was too mush government intervention in the market, not too little,… Read More
For the next few days, weeks and probably years, we’re going to hear a lot about what caused the financial crisis and led to a… Read More
Defending $150 billion worth of unrelated tax benefits that Congress stuffed into the already $700 billion Wall Street bailout bill, Rep. Barney Frank (D-MA) told… Read More
When a Nobel Prize-winning economist tells you something is too complicated to understand, pay attention. That is just what Nobel Laureate Gary Becker said about… Read More
The DC Examiner has a mostly wonderful editorial pointing out that the regulators missed the warning signs of the market crisis as much as the… Read More
NBC has re-posted that Wall Street bailout skit we mentioned before. NBC says they yanked the skit due to their ‘standards‘ but the Los Angeles… Read More
What does the left do when media appears that accurately connects them to the current financial crisis. They censor it of course. Yesterday we… Read More
The left really has no idea what free markets are. Witness Washington Post columnist Harold Meyerson who wrote a column last week blaming the current… Read More
It’s not often we get to wholeheartedly endorse a Saturday Night Live skit, but from beginning to end this spoof of a post Wall Street… Read More
There are several issues in Washington this week following the passing of the Bailout legislation. Here are some key issues to be aware of this… Read More
Robert Lawson has a great post at Division of Labor exploring the relation between power, free markets, and government: Let’s explore this point a bit… Read More
George Mason University economics professor Russell Roberts writes in today’s Wall Street Journal: Beginning in 1992, Congress pushed Fannie Mae and Freddie Mac to increase… Read More
The left is desperate to pin this financial crisis on the free market. The left knows that if the American people knew the truth about… Read More
The economic rescue package that the House will vote on tomorrow provides federal regulators with a broader array of tools to fight the economic problems… Read More
Automobile sales have plummeted across the board for the month of September. Not only were sales down for Chrysler (33%), General Motors (16%) and Ford… Read More
As the current financial crisis unfolds, the left has consistently tried to pin the blame on “deregulation” amorphously and President Bush specifically. So, for example,… Read More
Two stories in The New York Times today demonstrate why the increase in the level of deposits the FDIC can guarantee (from $100,000 to $250,000)… Read More
It appears that the Senate is already on the road to improving the financial rescue package that the House of Representatives rejected earlier this week…. Read More
Is the Bush Administration supporting yet another bailout? After seven delays and months of negotiations between Massachusetts and federal officials over the renewal of the… Read More
This week, Heritage senior fellow J.D. Foster squares off with American Prospect’s Robert Kuttner over how Congress should address the economy next in The Los… Read More
Last week the House approved a $25 billion loan for Detroit’s Big Three that, if signed into law, would cost taxpayers $7.5 billion. General Motors,… Read More
Former Attorney General Ed Meese and Heritage ‘s Dr. Stuart Butler make their case for a financial rescue plan: While there are those in Congress… Read More
By popular demand we are posting the text of the provision in the House bailout bill that requires Treasury to divert 20% of all profits… Read More
After Secretary Paulson released his first bailout draft, we enumerated some threshold constitutional issues that the proposed legislation failed to pass. The latest House bailout… Read More
