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  • Monthly Archives: February 2009

    Buy the Rumor, Sell the News

    Americans have long viewed the Dow Jones as an index of measure when it came to the general economy. While it is by no means a perfect measure of the economy, it sits in its own highlighted box on all of the major news channels for a reason. Because Americans assess … More

    President Obama Takes the Middle Road on Iraq Troop Drawdown

    Today President Barack Obama unveiled his Iraq policy in a speech at Camp Lejeune, North Carolina. He announced that he will pull out U.S. combat forces by the end of August 2010, but will retain a “transitional force” of 35,000 to 50,000 personnel (compared to the 142,000 there now) that … More

    Breaking Down the Energy Budget

    Looking at the energy sections of the budget blueprint released Thursday, two themes come to mind. Theme #1 Let’s give The Department of Energy (DOE) and Environmental Protection Agency (EPA) more money. DOE’s budget for the fiscal year 2009 is just shy of $34 billion, up dramatically from $24.1 billion … More

    Teamsters and Congress Deliver Costly Protectionism

    Fears that pro-Teamster protectionists in Congress would seek to kill the U.S. Department of Transportation’s “Cross Border Demonstration Project”, that has allowed a carefully selected group of Mexican trucking operators full access to the U.S. road network have been realized. The Supplemental FY 2009 Omnibus spending bill (aka “Porkulus II”) … More

    A Ray of Hope for the British Armed Forces

    There’s not been a lot of good news for, or about, the British armed forces recently. When the Economist asked, in its Jan. 29, 2009 issue, if the Army was losing its way, the story’s lead summed up their answer: “The British army suffers from lack of soldiers, lack of … More

    Unexportable Jobs

    Here is a quote from the President’s new budget (emphasis added): “If we lead the world in the research and development of clean energy technology, we can create a whole new industry with high-paying jobs that cannot be shipped overseas. Some compare the promise of this sector to information technology.” … More

    Obama Tax Proposals: Danger Ahead for Charities and Civil Society

    Here’s a test: Guess who made most of the charitable contributions in 2006, according to the most recent data available from the Internal Revenue Service? If you guessed “taxpayers with high incomes”, you’d win the prize. Now, guess which class of taxpayers the Obama administration wants to discourage from making … More

    Conventional Wisdom and the ISO

    As conventional wisdom reminds us: You are known by the company you keep. So what is one to make of the AFL-CIO and Jobs with Justice, two labor-movement heavyweights, allying themselves with the International Socialist Organization (ISO)? According to the ISO’s North Texas branch, last night, the AFL-CIO and Jobs … More

    President Obama's Budget: A Better Magic Show Than Las Vegas

    Classic Tax and Spend Budget Increase, Raise and Hike: The President’s budget proposal increases taxes by $1.3 trillion; raises entitlement spending by $700 billion (including the health care fund), and hikes discretionary spending by a steep 12%. Creating Deficits, Not Eliminating Them: Given the budget deficit has already quadrupled in … More

    The EPA, the Budget and Global Warming

    President Obama released his budget blueprint yesterday. Titled, “The New Era of Responsibility,” the full 140-page blueprint, broken down by department, can be found here. The Environmental Protection Agency’s budget, which balloons from $7.8 billion in 2009 to $10.5 billion in 2010, includes the following paragraph: After enactment of the … More