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  • Yearly Archives: 2008

    The Left's Crony Capitalism Hits 'Saturday Night Live'

    It’s not often we get to wholeheartedly endorse a Saturday Night Live skit, but from beginning to end this spoof of a post Wall Street bailout conference has at all: *****NBC HAS REMOVED THIS VIDEO FROM THEIR WEBSITE. NO EXPLANATION HAS BEEN GIVEN.***** Not only does SNL make mention the … More

    This Week in Washington: Oct. 6, 2008

    There are several issues in Washington this week following the passing of the Bailout legislation. Here are some key issues to be aware of this week: Congress passed a massive Continuing Resolution to fund the government for the next year and inserted some ridiculous earmarks and special interest projects. Some … More

    Morning Bell: Who Will Defend Free Markets?

    If you thought passage of last week’s $700 billion Wall Street bailout meant Congress would get out of Washington, you’re not that lucky. Determined to pin the credit crunch on free markets, Chairman Henry Waxman (D-CA) has announced a whole month’s worth of hearings in the House Oversight and Government … More

    Straw Polls, Straw Men at Box Office

    Sarah Palin maybe forgot to mention this in the debate, but we’re sort of having a pop culture election a month before the presidential one. This weekend, movie lovers have one of those rare opportunities to tell Hollywood they want to see more films that honor America’s traditional values and … More

    Does Free Market or Government Concentrate Power in the Hands of Elites?

    Robert Lawson has a great post at Division of Labor exploring the relation between power, free markets, and government: Let’s explore this point a bit by comparing the concentration of financial power in the hands of the 535 members of the United States Congress with the concentration of financial power … More

    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