Last Thursday in a speech at The Heritage Foundation, Sen. Jim DeMint (R-SC) unveiled his “American Option” alternative to President Barack Obama’s Trillion Dollar Debt Plan. From DeMint’s speech: The Democrat bill takes money–actually, it borrows money–and decides where it should go. It does virtually nothing to stimulate the economy …
Yesterday, President Barack Obama was interviewed by several cable and network news outlets on matters ranging from Tom Daschle to the Trillion Dollar Spending Bill. Below are some excerpts of what he said in those interviews, and why President Obama needs to visit readthestimulus.org as soon as possible, so he …
Yesterday’s Wall Street Journal had a front-page story on soaring unemployment among China’s rural migrants. While official Chinese employment statistics are spotty, the gigantic figures being thrown around are no surprise. The Journal and other outlets emphasize the Communist Party’s overwhelming fear of political instability caused by job loss. This …
Does the financial crisis reveal a failure of American deregulation compared to better conceived European regulatory schemes? This thesis is shared by many, especially here in Europe where some see the current financial crisis as the proof of the superiority of the European “social market economy” over “cow-boy capitalism”. This …
Media reports and anonymous US and South Korean officials suggest North Korea is preparing to test launch a long-range Taepo Dong-2 missile. A missile launch, or even observable preparations for such a launch, would be the next step in Pyongyang’s escalating efforts to pressure South Korea and the U.S. to …
Washington – Michigan Congressman Dave Camp raised doubts and highlighted confused realities of the Democrat Spending Bill at today’s Conservative Bloggers’ Briefing, held at the Heritage Foundation. Camp compared provisions in the Spending Bill and the recently passed SCHIP Bill, calling their contradictions ‘absurd.’ “You’re too rich to get a …
In its latest issue, the Economist reports on the state of Britain’s armed forces. It answers the question posed in the title of the piece, “Losing Their Way?,” with a resounding “Yes,” blaming underfunding, recruiting shortfalls, and a loss of institutional confidence. The joke among Americans in Afghanistan, it reports, …
