During the debate on the housing bailout bill last week, Democrats consistently justified their “American Housing Rescue and Foreclosure Prevention Act” by citing the Treasury Department’s involvement in JP Morgan’s purchase of Bear Stearns. Bill sponsor Rep. Barney Frank (D-Mass.) was typical: You didn’t get an answer on how the …
Nothing would say “I Love You Mom” quite like … passing the Colombia Free Trade Agreement. The New York Times Nicholas Kristoff explains: These days Colombia is the world’s second-largest exporter of flowers after the Netherlands, and almost 200,000 people work in the flower industry. Up to 28 cargo planes …
Congress had its first chance in six years to reform the economically incoherent farm program. Rather than fix the program, lawmakers irrationally increased subsidies. Below are price increases for the most heavily subsidized crops, according to the National Agricultural Statistics Service. These five crops are responsible for approximately 90% of …
According to Salary.com, stay-at-home moms would rake in $117,000 a year for services they provide if they sold them on the open market. The activities included in the total include: housekeeper, day care teacher, van driver, psychologist and chief executive officer. A 2006 U.S. Bureau of Labor Statistics study did …
Can we tax, spend, and regulate our way to prosperity? Some say we can—if the taxing, spending, and regulating help fight global warming. North Carolina’s legislators are considering a package of 56 proposals to reduce greenhouse gas emissions. The proposals include such things as mandates on consumer appliances, energy-efficiency requirements …
Next week the Labor Department will propose changes to its union financial reporting and disclosure requirements in an effort to improve transparency and accountability. The proposed rule will give rank-and-file union members more information about union finances. It is the latest effort by the Bush administration to increase transparency for …
On April 26, Barack Obama supporter Bill Richardson met with Venezuela President Hugo Chavez in an attempt to secure the release of Americans being held in Colombia by the Marxist-inspired Revolutionary Armed Forces of Colombia (FARC). Besides helping to legitimize Chavez’s longstanding goal of becoming a regional power, the meeting …
House Democrats continued to block passage of a terrorist surveillance bill today, rejecting a measure by Rep. Heather Wilson (R-N.M.) to add the Senate-passed FISA bill to the fiscal 2009 Intelligence authorization bill. The amendment was defeated by one vote in the House Intelligence Committee, the latest proof that …
