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  • Monthly Archives: January 2009

    Study Shows Global Warming Will Not Hurt U.S. Economy

    The left loves to scare monger over the threat global warming presents to the United States. Last year the Natural Resources Defense Council put out a report claiming global warming would cost the U.S. $3.8 trillion annually. The report was full of fanciful assumptions and its conclusions had no basis … More

    Eric Holder's Sixth Amendment Problem

    For more than three years, a diverse coalition from all quarters of the legal community has been pushing Congress to help restore Americans’ Sixth Amendment guarantee to assistance of counsel in all criminal prosecutions. This right has been steadily eroded since a Deputy Attorney General issued a memo in 1999 … More

    Why Is the Left So Eager to Waste Money?

    The usual suspects on the left are very concerned that Obama is pushing too many temporary tax cuts and not enough government spending in his constantly evolving stimulus package. But how much money can the federal government really pour into public spending? Harvard professor Ed Glaeser notes: While the mechanics … More

    Gaza Cease-Fire Must Halt Hamas Rockets

    Heritage Senior Research Fellow for Middle Eastern Affairs James Phillips on what principles should guide U.S. policy regarding the Gaza crisis: A cease-fire agreement must include and immediate and permanent end of rocket attacks by Hamas and other extremist Palestinian groups. A return to the status quo ante, in which … More

    Bailouts Not Good for Free Speech

    This year already we’ve heard calls for reintroduction of the Fairness Doctrine, and Internet censorship. Now, the first call for public funding for newspapers is here. Lining up behind GM and AIG, media outlets could join the many “distressed businesses” begging for government aid. But, government funding for media – … More

    Morning Bell: Don't Take the Bait for Obama's Trillion Dollar Spending Trap

    Across the country today, President-elect Barack Obama got exactly the headlines he wanted from his supporters in the establishment media. “Obama Pitches Stimulus Plan: GOP Asked to Help Design” says the Washington Post. “Obama Sweetens Stimulus for GOP” reports the Los Angeles Times. Obama Finds Lovefest on Capitol Hill blares … More

    No, Serious Deficit Spending is Not Immediately Needed

    Government spending does not create economic growth. Regrettably, many in Congress, Republicans and Democrats alike, have ignored this fact. Just today, Senator Judd Gregg (R-NH), declared in his Wall Street Journal op-ed How to Make Sure the Stimulus Works that, “it is fairly obvious that serious deficit spending is needed … More

    TARP is Deficient Auto Savior

    My Heritage colleagues have already noted that the auto bail-out violates the terms of the TARP legislation by extending funding beyond “financial institutions.” It also appears the latest funding pledge to bail-out auto makers may have violated another Federal law, one normally taken quite seriously: the Anti-Deficiency Act. When Congress … More

    Krugman's Phony Government Spending Facts

    Paul Krugman blogs: Let’s lay out the basics here. Other things equal, public investment is a much better way to provide economic stimulus than tax cuts, for two reasons. First, if the government spends money, that money is spent, helping support demand, whereas tax cuts may be largely saved. So … More

    Better Stimulus Through Trade

    Reuters reports this weekend: Obama’s transition team said it is mulling “buy American” provisions for the stimulus package that could favor U.S. companies over foreign competitors. Protectionism is the last thing our economy needs right now. The last time the U.S. reverted to protectionism in a time of economic turmoil … More