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  • Monthly Archives: February 2009

    Learning from Japan's Big Debt Spending Failure

    The New York Times reports today: Japan’s rural areas have been paved over and filled in with roads, dams and other big infrastructure projects, the legacy of trillions of dollars spent to lift the economy from a severe downturn caused by the bursting of a real estate bubble in the … More

    House Stimulus Plan Actually Costs $1.34 Trillion – Senate Bill Even More

    From Heritage Senior Research Fellow Robert Rector’s latest analysis of Obama’s Trillion Dollar Debt Plan: The recently passed U.S. House of Representatives stimulus bill contains $816 billion in new spending and tax cuts. Of this sum, $264 billion (32 percent) is new means-tested welfare spending. This represents about $6,700 in … More

    It’s Beginning to Look a Lot Like the 1970s

    In Britain, London’s buried under eight inches of snow, the trains don’t work, the economy’s collapsing, and a Labour government’s put the nation deeper in debt that it has been in thirty years. The Adam Smith Institute, preferring to laugh instead of cry, jokes that it looks like the 1970s … More

    Green Collar Jobs – Not On This Planet

    A key argument in favor of the stimulus package is that it contains several measures that are not only good for the environment but will create new jobs and boost the economy. From the people who make wind turbines and solar panels to those who install insulation in buildings or … More

    From the Turnabout-Is-Fair-Play Dept.

    Trial lawyer Neil Fineman brought a class action lawsuit on behalf of customers of a department store who were asked to provide personal information to the store–usually an email address or phone number–when paying by credit card, which is against the law in California. The normal way these things work: … More

    Obama is the One Peddling Old Ideas

    Defending his Trillion Dollar Debt Plan, President Barack Obama said critics of his plan were peddling “worn out old ideas” that won’t pull the country out of the recession. But it is Obama’s policies that are worn out and old. And its not just conservatives who are saying that. Howard … More

    Wanted: More Scarlett Johanssons

    Cato Institute fellow Will Wilkinson wrote earlier this week: I am slowly reaching the conclusion that the current debate over fiscal stimulus — like prior debates over monetary stimulus, and the causes of the financial crisis — has exposed the cluelessness of (many? most?) professional economists and ought to be … More

    Profiles in Conservatism

    NAME: Rich Galen OCCUPATION: Writer, Political Pundit, Public Relations Advisor, Philosopher HOMETOWN: Alexandria, VA Rich Galen is the author of MULLINGS, a three-day-a-week column, which reaches some 400,000 people per month and is considered required reading by senior reporters and operatives on both sides of the aisle. He began writing … More

    Morning Bell: Stop Digging

    Another day, another poll showing public support for President Barack Obama’s Trillion Dollar Debt Plan sinking fast. Trying to turn these numbers around, Obama went on the offensive yesterday delivering some red meat to House Democrats at their posh Resort and Spa retreat in Williamsburg, Virginia. Defending his plan, Obama … More

    Solis' McCain-Feingold Ethics Problem

    Barack Obama can’t seem to win for losing when it comes to his nominees. Earlier this week, I wrote about the possible ethics violations committed by Congresswoman Hilda Solis, who has been nominated by President Obama to head the Labor Department. Not only was she the treasurer and on the … More