Barack Obama has spent more money on political advertising than any campaign in history. In the case of his 30-second spot, “Try This,” we’d like the Democrat presidential to try honesty instead. The misleading and false ad suggests The Heritage Foundation supports his tax plan. Nothing could be further from the truth. We’ve asked the campaign to pull the ad and have contacted TV stations directly. Now we’ve created our own ad to set the record straight. [youtube]http://www.youtube.com/watch?v=ULltJA5kiqk[/youtube]
Reporting on the latest incarnation of the Wall Street Bailout, The New York Times managed to discover the concept of moral hazard today: As the Treasury Department prepares a $40 billion program to help delinquent homeowners avoid foreclosure, it confronts a difficult challenge: not making the plan too tempting to people like Todd Lawrence. An airline pilot who lives outside Norwich, Conn., Mr. Lawrence has a traditional 30-year mortgage that he has no trouble paying every month. But, thanks to the plunging real estate market, he owes more on his …
Midnight Regulations? If ‘Midnight’ Means December 2006 – Shopfloor.org The Washington Post publishes today as its lead, page one story, “A Last Push to Deregulate” with a subhed, “White House to Ease Many Rules.”… Global Warming: No Kumbaya, Yet – InsiderOnline Global warming was supposed to be such a dire problem that we would all be able to set aside our differences and figure out a solution. It’s not working out that way. Governments are still behaving like governments. According to the Financial Times, China has now set a price …
A lot of focus has been on how the candidates’ tax plans affect different income groups. But, The America Dream is all about climbing the income ladder. A family that is “middle class” one year may be considered “rich” the next. This depends on economic growth, and on opportunity and the chance to succeed in entrepreneurial endeavors. Analysis shows that McCain’s tax plan is better for economic growth, and reduces the burden on small business more. So, if families are able to better their conditions, then perhaps a better question …
Perhaps the oddest reaction to the financial meltdown and looming recession comes from environmental activists and bureaucrats who see it as a rationale to transform the economy along green lines. They argue that the old brown economy has shown itself to have reached the point where it no longer generates wealth, and that it is time for a paradigm shift towards an environmentally sustainable economy. For a description of this agenda, check out the UN’s Global Green New Deal. To listen to them, the economic problems have little to do …
It must really be tough to be a public affairs guy at the Department of Justice who has to explain why the Civil Rights Division is not carrying out its enforcement responsibilities. I have posted previously about the failure of the Civil Rights Division to enforce the Help America Vote Act against Ohio Secretary of State Jennifer Brunner, who has refused to forward information about mismatches between the information contained on new voter registration forms and other state records to county election officials (they have also failed to sue the …
Just last week, Heritage analyst Rea Hederman published a paper comparing John McCain and Barack Obama on taxes, concluding: “Senator McCain’s plan is substantially better at spurring economic growth than Senator Obama’s. This is not surprising, since Senator McCain focuses on economic growth and job creation while Senator Obama focuses on the redistribution of income.” So imagine his surprise when he started receiving emails early this week informing him that Obama had a television ad up claiming the opposite. At National Review Online, Hederman describes what he did next: Intrigued, …
This week Argentina’s leftist president, Christina Kirchner, announced she would move forward with her plan to seize the nation’s private pension funds. Kirchner claims government seizure of the funds is needed to protect Argentinians from the global market crisis. But most observers believe her real motive is to use the $30 billion in seized assets to ease the massive debt obligations her leftist spendthrift government has run up. The move is unprecedented even by Argentina’s past socialist standards. Leftist icon Juan Peron called the nationalization of private pensions “theft” in …
Congress is expected to vote on a stimulus package after the election. This package may include various spending increases including funding for infrastructure, and bailouts for states facing budget shortfalls. Unfortunately, proposals made thus far are emblematic of a failed approach. Increased spending, whether it is in the form of direct spending, or disguised welfare through the income tax system, is ineffective economic stimulus. True economic stimulus requires a pro-growth tax and energy policy. Sadly, many in Congressional leadership have failed to realize this…Until now. On Tuesday, House Republican Leader …
A round-up of Op-Eds by The Heritage Foundation If Democrats Win it All: Obama, Congress Will Get Best Red Tape Your Tax Money Can Buy – Ronald D. Utt With free markets on the defensive, a sweep of both branches of government by advocates of bigger government will lead to legislative efforts to impose new regulations on business and consumers, and judging by campaign rhetoric, these new regulations will concentrate in the areas of finance, environment and energy.[...] Memo to Congress: Make Jobs, not Work – Stuart Butler I lived …
