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  • Yearly Archives: 2008

    Trading Our Way Around Recession

    In today’s Washington Post, Peterson Institute for International Economics director C. Fred Bergsten looks at anti-trade rhetoric emanating from the campaign trail and responds: [T]heir tone obscures a major success story: the dramatic improvement in our balance of international trade. This export boom has saved us from recession over the … More

    Tankosphere Today: Sept. 17, 2008

    Taxpayer Patent Extortion – The Technology Liberation Front Wow. Mike Masnick writes about NASA’s plan to auction off some of its patent portfolio to the private sector. When I read this I had to do a double-take: NASA has a patent portfolio?… Capitalism Breeds Generosity – InsiderOnline Does capitalism make … More

    Facts Kill Another Liberal Myth

    To hear leftist politicians and their media allies tell it, the current financial turmoil was directly caused by deregulations carried out in just the past eight years under President Bush. Barack Obama aide Austan Goolsbee told Politico: “The core issue is pretty easy to understand. We’ve just spent the last … More

    Corporations Know U.S. Has Uncompetitive Tax Rates

    Every year the international accounting and consulting firm KPMG issues a Corporate Tax Survey to “help our member firm clients and other organizations consider developments across borders.” In other words, to better inform their clients about which countries offer the most competitive environments for business. This year KPMG reports: [T]the … More

    Nancy Pelosi Still Doesn't Know Where Natural Gas Comes From

    The day before the Democratic National Convention Speaker Nancy Pelosi (D-CA) went on Meet the Press and told Tom Brokaw: I’m, I’m, I’m investing in something I believe in. I believe in natural gas as a clean, cheap alternative to fossil fuels. … These investments in wind, in solar and … More

    How is Energy Policy Getting Worse?

    Seriously, I’m not really sure how it’s even possible for Congress to make their bad energy policies worse, but they are. And it’s coming from all angles. On the Senate side, the Gang of 10 energy bill includes only a very modest expansion in drilling while mandating alternative fuels and … More

    Morning Bell: A Presentment Clause Lesson for Constitution Day

    On Sept. 17, 1787, 39 of the original 55 delegates to the Constitutional Convention signed the document that would eventually become our Constitution. In 2005, Congress passed a law designating today as Constitution Day and directed all educational institutions receiving federal funds to honor the day by holding “an educational … More

    An Inconvenient Truth: Senator Lieberman’s Amendment to the Defense Authorization Bill

    The Senate today is slated to consider the 2009 Defense Authorization bill, S-3001, a $612.5 billion measure that would authorize spending for national security programs in the Defense and Energy departments. The legislation authorizes the Pentagon to spend $70 billion to fight the wars in Iraq and Afghanistan during the … More

    Nuclear Energy and Job Creation

    Green jobs. We always hear about them and how they’ll be created over the next few years. Presidential nominee Barack Obama vows to create 5 million of them. But as John Stossel eloquently explains, the government can’t really create jobs. They can shift resources and force investment to make it … More

    Tankosphere Today: Sept 16, 2008

    Regulating Away Improvement – Adam Smith Institute The bailouts are getting bigger. The rescue of US mortgage giants Freddie-Mac and Fannie-Mae is hailed as the largest bailout in history. On our side of the Atlantic we saw the similar, but smaller, rescue of Northern Rock… Lehman Bankruptcy: In Capitalism, Failure … More