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  • Monthly Archives: January 2009

    We Sure Hope This Is True

    Reuters reports: Obama to work to pass Bush trade deals WASHINGTON (Reuters) – President-elect Barack Obama wants to win approval of stalled free trade deals with Colombia, Panama and South Korea, but more work is needed on two of the pacts, Democratic lawmakers said on Wednesday. “The president-elect wants to … More

    The Left Takes a Tax Holiday

    Earlier today, House Ways and Means Committee Chairman Charlie Rangel (D-NY), told reporters that the tax cut provisions in the economic stimulus plan will be cut, without offering further details. You may remember that earlier in 2008, Chairman Rangel was investigated for violating a number of House ethics rules, which … More

    The Forgotten Alice

    The Washington Post reports today: An influential group of large U.S. corporations and environmental organizations have forged a detailed blueprint for limiting greenhouse gases in the hope of shaping and pushing forward climate change legislation this year. The U.S. Climate Action Partnership says its ability to reach consensus is a … More

    Morning Bell: It's About the Judgment, Senators

    Looking ahead to today’s Senate Judiciary Committee confirmation hearing for Attorney General nominee Eric Holder, ranking member Sen. Arlen Specter (R-PA) says he is worried about Holder’s “ability to maintain his independence from the president.” This is the wrong question. The proper question is one of judgment: Does the nominee … More

    'We're Spending More Than Ever and It Doesn't Work'

    “We have tried spending money. We are spending more than we have ever spent before and it does not work.” Sound like, oh, Rep. John Boehner of Ohio or some other exasperated Republican stalwart lamenting proposals to spend our way out of the recession? Listen again: “I want to see … More

    Skies Darken Over U.S.-China Trade

    The Sino-American trade conflict I wrote on last month has just become more likely. Chinese trade numbers show exports declining and imports collapsing at the end of 2008, the latter plunging 21% in December. The grave weakness in imports puts paid to the once-popular but unfounded notion that China could … More

    Shovel Ready Nation

    One big worry for big government lovers who are pushing for Obama’s stimulus plan to include more government spending and less tax cuts is that “there’s a limited supply of ‘shovel-ready’ projects that can be started soon enough.” Thanks to mother nature this worry is now entirely misplaced. As the … More

    Released Guantanamo Detainees Still Returning to Terrorism

    A number of news outlets reported yesterday that 61 former Guantanamo Bay detainees, or about 11 percent of those who have been released, returned to the battlefield to fight the United States. While this is distressing, it is not news. The Heritage Foundation has long recognized that any system designed … More

    Labor Has Already Killed Obama's Transparency Promise

    The Washington Post’s Ruth Marcus noticed that Obama’s labor secretary nominee Rep. Hilda Solis (D-CA) was a little less than forthcoming at her Senate confirmation hearing yesterday: Should President Obama lift the Bush-era executive order requiring that federally funded construction projects be open to both union and nonunion contractors? “Senator, … More

    Bush Started, Obama Will Continue, the Nationalization of Our Financial Sector

    Defending the Troubled Asset Relief Program The Washington Post’s Steven Pearlstein writes: Of course, because money is fungible, critics can always say that the Treasury money is now being used to pay excessive salaries or dividends, or finance unnecessary acquisitions — or, for that matter, to clean the toilets or … More