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  • Yearly Archives: 2008

    These People Deserve a Bailout?

    This week Capitol Hill is focused on bailing out the Big Three auto makers. But come January throwing money down the Detroit money hole will just be one of many schemes the Obama administration and his liberal majorities in Congress will be pushing. Sen. Chris Dodd (D-CT), of Countrywide Financial … More

    Auto Bailout: Stuck in Neutral

    Congress is facing a few road bumps during this lame duck session to pass any legislation. The Omnibus Lands Bill that restricts energy exploration has been put on the backburner, at least for now, to make room for a vote to bail out Detroit. The good news is Democrats and … More

    A Breach of Trust

    This week the executives of the Big Three auto makers are expected to testify on Capitol Hill. As Heritage Senior Legal Analyst Andrew Grossman points out, these industry titans may have breached their fiduciary duties by relying solely on Congress to bail them out: A corporation’s board of directors, as … More

    Washington Post: Obama Should Support D.C. School Choice

    Over the weekend, the Washington Post editorial page continued its support of the D.C. Opportunity Scholarship program—comparing President-elect Obama’s position on school vouchers with his family’s experience of choosing a school in the nation’s capital: Let’s hope the experience of moving his girls and finding the place where they will … More

    Merely the Beginning of the Bailout Parade

    Heritage U.S. Senate Relations Director Brian Darling writes in Human Events: The Democratic leadership in Congress and President-elect Barack Obama have an ambitious stimulus list, including monies for pet transportation projects, an extension of unemployment insurance, food stamps and a costly auto industry bailout (more on that below). The Bush … More

    Morning Bell: Paulson's Part of the Problem

    Before he became Treasury secretary, Hank Paulson firmly believed the government had no business interfering in financial markets by banning the short selling of financial stocks. But by mid-September of this year, while Lehman Brothers was on the verge of collapse, Paulson pressured the Securities and Exchange Commission to ban … More

    Video: Congress Considers Bailout for Detroit's Big Three

    Congress returns from recess this week to debate a bailout for Detroit’s automakers. Heritage’s Brian Darling surveys the landscape on Capitol Hill. [youtube]http://www.youtube.com/watch?v=Vcdy_bVq_nI[/youtube]

    Schwab: Colombia Trade Deal Is the Best Stimulus Package

    The Club For Growth interviewed U.S. Trade Representative Susan Schwab for its new podcast. Among the topics discussed were the Columbia Free Trade Agreement, trade relations with China, the G20 meetings that took place over the weekend, and President Bush’s free trade legacy. Schwab had this to say about the Colombia … More

    Tankosphere Today: Nov. 17, 2008

    Is Stability Our Goal? – Adam Smith Institute To listen to some commentators these days you would think that stability is indeed our goal. Almost a steady state society, one in which things rarely if ever change. We should deliberately curb innovation for example, for this brings with it such … More

    Understanding Russia's Financial Crisis

    MOSCOW — The financial turmoil in Russia might not be all-embracing yet, but some of its features suggest its gloomy prospects. Big business’ lack of confidence in national economy is what primarily strikes the eye. Speaking at a Cabinet meeting last week, Prime Minister Vladimir Putin unveiled scandalous information concerning … More