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  • Monthly Archives: March 2009

    Bush Deficit vs. Obama Deficit in Pictures

    UPDATE: This graph is now over two years old. For up to date information see this post: The Truth about Obama’s Budget Deficits, in Pictures President Barack Obama has repeatedly claimed that his budget would cut the deficit by half by the end of his term. But as Heritage analyst Brian … More

    Heritage Fellow At The Border: Cartel Tactics

    The character of the cartel war as seen in Pima County can be brutal. One “bandit” tactic is to organize small teams that camp out for days in the desert living on peanut butter and gallons of water. They set-up scouts on the hill tops to look out for law … More

    If Only We Were More Like Sweden

    “We are the United States of America, we are not Sweden.” U.S. Treasury Secretary Timothy Geithner, March 23, 2009. “The Swedish state is not prepared to own car factories.” Swedish enterprise minister Maud Olofsson, March 22, 2009. “Today, Treasury Secretary Tim Geithner and National Economic Council (NEC) Director Larry Summers … More

    That Pesky Reset Button

    The media and pundits alike have skewered the Clinton State Department for giving Russian Foreign Minister Sergei Lavrov a prop “reset button” when Secretary Clinton met with him in Geneva earlier in the month. Obviously it is a bad idea to reset relations with Russia only weeks into a new … More

    Morning Bell: Regulations of Mass Job Destruction

    Do you eat, sleep or pray? If so, then the Obama Administration wants to monitor, regulate and tax you. According to federal records only published yesterday, this past Friday the Environmental Protection Agency submitted a proposed rule to the White House that finds carbon dioxide to be a danger to … More

    The Longest Sentence Against Global Warming Legislation

    Courtesy of Lord Christopher Monckton: I warn this honorable House that any proposal to inflict billions of dollars of new taxation on all citizens by charging selectively-disfavored industries for arbitrarily-rationed permits to emit a harmless and beneficial trace gas that is necessary to all life on Earth and has little … More

    Chávez and the Congressman: Exchanging Tips on “Socialism of the 21st Century?”

    According to an official communiqué issued by the Venezuelan government, Senator [sic] William Delahunt, a “friend of Venezuela,” according to Foreign Minister Nicholas Maduro, found time this week to slip away from Congress and spend two and half hours in closed-door conversations in Caracas with Venezuela’s controversial President Hugo Chávez, … More

    Regulators, Risk and Roubini

    Via Greg Mankiw, Bentley University professor Scott Sumner writes on efficient-markets hypothesis (EMH): So the anti-EMH argument for regulation must be based on the following: bankers are irrational and make lots of foolish loans. Regulators are rational and can see that these loans are too risky, and can protect bankers … More

    Heritage Fellow On the Front Lines

    Heritage senior fellow James Carafano recently traveled to the U.S.-Mexico border and filed a series of reports which will be featured here throughout the week. What goes on across the border matters to the Pima County Sheriff Department. Any of the smuggling cartel war that spills over the border falls … More

    Bailouts, Not Bonuses, are the Problem

    After over a year of the Bush-Obama Bailout Parade, there were some encouraging statements coming from the Senate last week. Sen. Jim Inhofe (R-OK): Should we be mad at the executives who are involved in this and who ran a once-great company into the ground? Yes. But that’s not where … More