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  • Monthly Archives: September 2008

    Finally, Some Good News Out of Congress

    The Senate Foreign Relations Committee voted 19-2 in favor of the U.S.-India civil nuclear cooperation agreement. Doubly impressive the committee adopted the agreement without a controversial proposal that would give Congress more influence over future deals. Heritage analyst Lisa Curtis underscored the importance of final passage of the agreement earlier … More

    Demand for Nuclear Rises

    Everyone wants a piece of the nuclear action. The people want nuclear power; a poll a few months back reported that 2 out of 3 Americans favor building new nuclear plants in the U.S. Recognizing the long-term benefits nuclear can provide, many companies are chomping at the bit to provide … More

    Morning Bell: The Wrong Direction

    There is no doubt that past government intervention in the market, particularly by Fannie Mae and Freddie Mac, is largely to blame for the current financial turmoil. And while past government intervention cannot be used to justify further government interference, we also have to ask how much unnecessary pain the … More

    Did Deregulation Cause the Wall Street Crisis?

    Anyone who tries to explain the Wall Street crisis in a single sound-bite is foolish…or worse. But House Democratic Leaders have found a culprit they can agree on: deregulation. “This is the fruit of decades of ‘leave the market alone, don’t regulate it. It will take care of itself,” Says … More

    Tankosphere Today: Sept 23, 2008

    Can Taxes Be Cut Below Zero?: Touted Tax Plans, Transfers, and Net Beneficiaries – The Tax Foundation If the federal government provides a refund check to someone with no income tax liability, is it a tax cut? It’s in the news lately, with both Sen. McCain and Sen. Obama touting … More

    There Is No Silver Bullet

    The current financial turmoil has changed Wall Street as we knew it forever. Seven decades worth of cumbersome, outdated, and harmful regulation will have to be rewritten in order to provide the clear and dependable rules markets need to operate. The long term financial health of the federal government also … More

    Biden Blurry on Coal

    Coal supplies almost half of our nation’s electricity and more than 20% of our nation’s total energy consumption. Without coal our entire economy would crumble. Despite decades of subsidies, wind and solar power contribute only 1% of our nation’s energy needs. Despite these facts, Joe Biden told a voter in … More

    Other Terrible Stuff in Bailout Bill

    This morning we highlighted just the worst policy proposal liberals in Congress are trying to attach to the financial bailout plan. But Sen. Chris Dodd’s (D-CT) draft legislation has some other misguided provisions as well. Heritage’s David John flags those that must be avoided: Provide capital to financial institutions in … More

    The Medicare-Subprime Parallel

    Former Comptroller General of the United States and Fiscal Wake-Up Tour star David Walker outlines how our impending entitlement crisis parallels the current subprime mortgage mess in the Financial Times: … a lack of transparency facilitated the crisis. Banks and other financial institutions created off-the-books entities so that regulators would … More

    Three Reasons to Support the U.S. India Civil Nuclear Age

    Heritage’s Lisa Curtis explains why Congress must move quickly to implement the US-India Civil Nuclear Deal. The deal would stregnthen US-India relations. India is a key Asian partner that shares our democratic values and political concerns. If this deal is not passed soon, it will have to wait until the … More