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  • Monthly Archives: March 2008

    Morning Bell: If Action Is Needed Now, Then Act!

    Liberals in Congress and environmentalists are predictably apoplectic over the Environmental Protection Agency’s decision to seek public comment before issuing regulations under the Clean Air Act on carbon emissions. House Energy Independence and Global Warming Chairman Ed Markey (D-Mass.) accused the Bush administration of “running out the clock” on global … More

    No Gain Closing Guantanamo

    According to an Associated Press story this morning, former U.S. secretaries of state Colin Powell, Henry Kissinger, James Baker III, Warren Christopher and Madeleine Albright, at a round-table discussion sponsored by the University of Georgia, called for closing the detention facilities at Guantanamo Bay. The reason seems to be bad … More

    Costly Carbon Caps Avoided ... For Now

    The Heritage Foundation applauds the announcement by EPA administrator Stephen Johnson that the agency will respond to the Supreme Court’s Massachusetts v. EPA decision by issuing an Advance Notice of Proposed Rulemaking (ANPR) on the question of regulating carbon dioxide emissions from motor vehicles under the Clean Air Act. It … More

    Government Discretionary Spending to End by 2052

    Following up on yesterday’s post on the Social Security and Medicare Boards of Trustees report, The Heritage Foundation released a chart today looking at how projected spending on entitlement programs is scheduled to crowd out all other spending by 2052 unless taxes as a percentage of GDP are raised significantly:

    Political Correctness Is Bankrupting California

    Despite an $8 billion budget deficit, Gov. Arnold Schwarzenegger is refusing to address the impact illegal immigration has on the state’s budget. California Republicans have introduced two dozen bills that would reduce the negative impact illegal immigrants have on the budget. Assemblyman Ted Gaines (R) explains: “There’s a cost associated … More

    What Do Matt Yglesias and OJ Simpson Fans Have in Common?

    They both refuse to recognize the truth despite clear and convincing evidence. Earlier this week, Yglesias linked to a Center for American Progress write up of a Institute for Defense Analysis review of more than 600,000 Iraqi records collected by U.S. forces. CAP selective quotes from the report: “This study … More

    Free Trade Fact of the Day

    Today’s Free Trade Fact of the Day comes from Arizona Chamber of Commerce and Industry president and CEO Glenn Hamer who examines the benefits of trade with Colombia for Arizona but first notes: “Things are upside down in this country when the U.S. aids Hugo Chavez and hurts a Latin … More

    Morning Bell: Bad Moon Rising

    Liberals love to claim the Bush administration has broadly weakened regulations at the behest of corporate interests. And the media lap up these claims. Problem is, the nation’s regulatory burden has grown significantly under President Bush and it looks like the situation is going to get worse in the final … More

    Busts, Like Booms, Happen

    John Kay has a great column in the Financial Times today titled: “More Regulation Will Not Prevent Next Crisis.” Kay concludes: Banking supervision should then be limited to the weeding out of unfit persons. Capital requirements, liquidity provisions and risk assessments should be matters for the business judgment of the … More

    Don't Call It a Comeback

    The New York Times has an article out today titled: “A Political Comeback: Supply-Side Economics” that asserts “the big supply-side tax cuts of the 1980s and the 2000s did not work as advertised.” While there is no hope that the Times will ever grasp the concept that lower tax rates … More