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  • Monthly Archives: May 2009

    The Obama Car Tax

    I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes. – then-candidate Barack Obama, 9/12/2008. A senior administration … More

    The National Debt Road Trip

    Just because you sometimes travel at 64 mph in a 55 mph speed zone, doesn’t mean you can’t criticize someone driving 174 mph. This video explains: [youtube]http://www.youtube.com/watch?v=P5yxFtTwDcc[/youtube]

    The Great Right North

    Instead of emulating California, maybe we should look north. The Cato Institute notes: Long derided by American conservatives as “socialist” and praised by the left for its generous government spending, Canada is casting off those stereotypes. Over the past few years, while U.S. politicians presided over huge increases in spending … More

    Morning Bell: Avoid California's Mistakes

    Today voters in California will go to the polls to decide the fate of six ballot propositions, four of which would raise taxes on Californians. Gov. Arnold Schwarzenegger has pushed heavily for all six ballot measures which are designed to close the state’s $15 billion budget shortfall. But even though … More

    Meet GM's Bondholders: Chris Crowe

    Throughout the next two weeks, the Foundry will be highlighting some testimonials of General Motors bondholders. When President Obama describes bondholders, you get the distinct impression of pinstripe-suit-wearing bankers with scotch in one hand and cigars in the other. However, that is far from the case. In fact, GM bondholders … More

    Insurers Just Saying "No" To TARP?

    What if they ran a bailout program and no one came? Last year, the Bush Administration Treasury Department opened TARP’s doors to insurance companies, a number of which promptly filed for aid. Last week, the applications of six of those were approved, totalling some $22 billion. But rather than rush … More

    Obama Tries to Have it Both Ways on Abortion

    Today, the national media are lauding President Obama for seeking “common ground” on the abortion issue during his commencement speech yesterday at the University of Notre Dame. In an article entitled “Obama a Champion at Notre Dame,” Washington Post columnist Eboo Patel called the speech a “near perfect demonstration of … More

    A False Claims Payday for Trial Lawyers

    Tort lawyers are about to get another big payoff from Congress and the Obama administration for the hundreds of millions of dollars they contributed to candidates in the last election cycle (over 75% of which went to Democrats). If it reconciles the differing versions of the so-called Fraud Enforcement and … More

    Capping the Poor’s Ability to Prosper (Part 9 in a 10-Part Series)

    The difference between the price of a gallon of milk at a local grocery store and a corner market or convenient store may be modest, but add it up over the course of a few years, as well as paying higher prices for the rest of your groceries, and the … More

    More Bailouts, Protectionism or Both?

    The government handed out billions of dollars in taxpayer money for General Motors and Chrysler to save jobs and become economically viable as fast as possible. No such luck with Chrysler. If returning to viability is the target, GM may have to turn to imports: General Motors is engaged in … More