New U.S. Commerce Department statistics on America’s economy highlight growth in the U.S. trade deficit of $3.2 billion dollars between October and November 2009. That’s good news for Americans. The statistics also show real GDP rising 2.2 percent in the third quarter of 2009, as well as growth in personal …
It is fun and politically profitable to attack banks and bankers, especially in the wake of a bailout program estimated to have cost American taxpayers some $150 billion. Given this, the plan floated yesterday by the Obama Administration to charge a “fee” (read tax) on financial institutions to cover losses …
Yesterday Thomas Geoghegan argued in The New York Times that the Senate filibuster is “at worst, unconstitutional and, at best, at odds with the founders’ intent.” However, the most rudimentary reading of the Constitution suggests that the Founders wanted the passage of legislation to be exceedingly difficult in order to …
In the ongoing attempts of Congress to find an alternative to the “public plan” in health reform, the Senate bill includes a provision to give the Office of Personnel Management (OPM), which oversees the Federal Employee Health Benefit Program (FEHBP) a new role: sponsoring health plans to compete against private …
Last Saturday the Baltimore Ravens inflicted a stunning defeat on the New England Patriots in an NFL wildcard game. In interviews after the game, the Ravens’ all-world middle linebacker, Ray Lewis, explained how his defense had stuffed one of the great offenses of the modern era – through study and …
The 2010 United Nations Conference on Climate Change in Copenhagen ended as another colossal failure for the Obama administration, but the loss did not come cheap to American taxpayers. As CBS News reported last night, over 101 people (including Senators, Representatives, their spouses, and staff) took three military planes and …
New data released today by the Bureau of Labor Statistics shows why a jobs recovery remains far off. This report, the Job Openings and Labor Turnover Survey (JOLTS), will receive much less press attention than last Friday’s unemployment report. However its figures hold the key to understanding why unemployment has …
Ever since President Barack Obama made a campaign promise to move forward with comprehensive immigration reform early in his presidency, there has been a series of studies aimed at making the economic case for another amnesty. The newest, a study by the Center for American Progress (CAP), claims that legalizing …
The Washington Post’s EJ Dionne’s had an op-ed yesterday detailing six policy areas where House Democrats believes they can pull the Senate health care bill further to the left. For every issue that Dionne identifies, a House victory would lead America even further down the path to government run medicine: …
