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  • Monthly Archives: October 2008

    Tankosphere Today: Oct. 3, 2008

    Federal Prisons:Mackerel Is The Currency of Choice – Carpe Diem WSJ: There’s been a mackerel economy in federal prisons since about 2004. That’s when federal prisons prohibited smoking and, by default, the cigarette pack, which was the earlier gold standard… (tags: Prisons) Let Private Contractors Do It – InsiderOnline On … More

    More on Fannie/Freddie Subprime Link

    George Mason University economics professor Russell Roberts writes in today’s Wall Street Journal: Beginning in 1992, Congress pushed Fannie Mae and Freddie Mac to increase their purchases of mortgages going to low and moderate income borrowers. For 1996, the Department of Housing and Urban Development (HUD) gave Fannie and Freddie … More

    CAP's Faulty Fannie/Freddie Facts

    The left is desperate to pin this financial crisis on the free market.  The left knows that if the American people knew the truth about how government intervention in the market caused this current credit crunch, their agenda would be dead for a generation. So what do they do? They … More

    Morning Bell: Bailout's Precedent Requires Vigilance

    According to the best sources on Capitol Hill, opposition to the financial rescue plan is wilting. This is good news for the American people. Action to address the credit crunch is urgently needed and both the addition of raising the FDIC insured funds cap to $250,000 and the SEC’s mark-to-market … More

    Remedying the Disparity in the U.S.-Korea Alliance

    Congress yesterday approved legislation to upgrade South Korea’s military procurement status to equal that of members of NATO, Australia, Japan and New Zealand (“NATO+3”). The legislation, authored by Rep. Ed Royce (R-CA), is expected to be signed by President Bush within the next few days. With this action, Congress has … More

    Tankosphere Today: Oct. 2, 2008

    The Union Agenda – The Next Right There will be many sad and deplorable stories to come out of this bailout farce. One of them has been the brazen opportunism of the Labor Unions. The magnanimous bailout proposal from the Service Employees International Union (SEIU) was, in fact, just a … More

    An Increased Range of Tools to Fight the Economic Crisis

    The economic rescue package that the House will vote on tomorrow provides federal regulators with a broader array of tools to fight the economic problems facing the nation than the version that was defeated Monday. As the effects of the crisis continue to spread, these additional tools are likely to … More

    Car Sales Plunge: Who’s to Blame?

    Automobile sales have plummeted across the board for the month of September. Not only were sales down for Chrysler (33%), General Motors (16%) and Ford (34%), but Asia-based brands Toyota, Honda and Nissan fell 30% over the course of the month. Sales in European and Asian markets are down as … More

    European Banks Expose the Left's Deregulation Myth

    As the current financial crisis unfolds, the left has consistently tried to pin the blame on “deregulation” amorphously and President Bush specifically. So, for example, on the campaign trail Barack Obama blames the financial crisis on “ the Bush administration, Republican party and John McCain for pushing a culture of … More

    Hypocrisy Matters

    Al Gore’s blatant hypocrisy when it comes to emitting carbon has been well documented. Now new research out of England has shown that “even the most committed environmentalists – identified by green trademarks such as shopping ethically, installing water and energy saving appliances and recycling … aren’t willing to reduce … More