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  • Monthly Archives: April 2008

    Huge Victory for US Security in Bucharest

    NATO’s decision today to back plans to build a missile defense system in Europe is a huge victory for U.S. security. With Iran continuing to enrich uranium, the possibility of “loose nukes” in Pakistan, and a spate of ballistic missile tests (by Russia, China and Iran, among others) over the … More

    Morning Bell: Don't Make It Worse

    Reporting on the Senate’s new housing bailout bill, the New York Times claims “Senate Republicans, in particular, had felt compelled to move housing legislation quickly after the Federal Reserve’s intervention to avert the collapse of Bear Stearns.” Apparently these Republicans are determined to prove that limited government intervention in the … More

    Common Sense on Housing

    The pressure on Congress to “do something” on housing appears so great that many members normally inclined to keep Congress out of the housing market, now feel like that have to vote for something. Even if everyone knows some legislation will actually do very little and will only make the … More

    Hope and Irrelevance

    Explaining new Republican support for congressional action on housing, Sen. John Thune (R-SD) admitted to Politico: “You always want to be able to vote for something … Most people want to see us doing something and being responsive.” The “do something” mentality seems to be bipartisan on Capitol Hill as … More

    Free Trade Fact of the Day

    Today’s Free Trade Fact of the Day Cato Institute’s Center for Trade Policy Studies director Daniel Griswold who shows that the lowering of trade barriers reduces the number of recessions and their length: According to the NBER, our economy has been in recession a total of 16 months in the … More

    Freedom on the March?

    Despite claims from the opposition party that they won 50.3% of the vote from the weekend’s presidential election, Zimbabwe’s state-run newspaper claimed today that no one had reached 50% and that a runoff election between the 28-year incumbent Robert Mugabe and opposition leader Morgan Tsvangirai was likely. The International Herald … More

    Don't Legislate Angry Now

    There’s plenty of anger at major oil companies right now, especially in Congress. But does acting on that anger make for smart energy policy? Will it lead to the kind of measures likely to bring down high pump prices? The answer is a clear no, and in fact there’s a … More

    Morning Bell: Would You Kill Your Mother to Save the Polar Bear?

    Today the Senate Environment and Public Works Committee will hold an oversight hearing on the Interior Department’s delay in deciding whether to list the polar bear under the Endangered Species Act. Since the polar bear is an immensely popular megafauna, environmentalists hope that an endangered species listing for the bear … More

    Don't Let 'Do Something' Become an Excuse for Waste and Risk

    The agreement reached by the Leadership in the Senate to bring housing legislation to the floor is both good news and bad. It is good news in that it is important that Congress be able to move forward with the people’s business. Perpetual deadlock may keep bad things from happening, … More

    Don't 'Do Something' Americans Are Against

    Congress has returned from their spring break to mounting pressure to “do something” about the current financial turmoil. The Hill reports: “Republican senators have spent the recess hearing complaints from constituents about foreclosures and falling home prices, and they feel pressure to act by passing legislation.” Before Congress starts passing … More