It’s called “bait-and-switch”–the sales tactic of conning customers into believing they’re getting a good product, but then delivering shoddy goods instead. America, we’ve been conned. Government actuaries—the official bean counters for national health care—just released the bad news from analyzing how President Obama’s new law affects medical costs and insurance. …
Nuclear energy is a hot topic in Washington these days. An important question that has stirred debate is whether the federal government should back up loans to build new nuclear power plants. On Wednesday, the Domestic Policy Subcommittee of the Oversight and Government Reform Committee held a hearing on the …
The Obama Administration appears to be confused about its own policies regarding Iran’s nuclear challenge. Yesterday Pentagon spokesman Geoff Morrell denied that the administration had taken the military option off the table, contradicting a previous statement made by a high ranking Pentagon official. Undersecretary of Defense Michelle Flournoy had told …
Speaking to an audience of big business and big labor executives (including Goldman Sachs’ Lloyd Blankfein, Bank of America’s Bruce Thompson and SEIU’s Andy Stern) at New York’s Cooper Union, President Barack Obama noted “the furious efforts of industry lobbyists to shape” the financial regulation bill “to their special interests.” …
After rebuffing the Obama Administration’s effort at diplomatic engagement for more than a year, Iran suddenly has seen the advantages of launching its own diplomatic counteroffensive to stave off impending U.N. sanctions. The Washington Post reported that Iran’s regime soon will dispatch diplomatic emissaries to every member of the U.N. …
The Obama Administration, the Democratic Congress, and their friends in organized labor are quick to blame unemployment on the trade deficit. Facts don’t support that assessment. The historical record shows a *positive* correlation between aggregate trade deficits and job creation – a trade deficit signifies *more* jobs. That’s because trade …
Sponsors of derivatives “reform” legislation claim it will reduce costs to derivatives users. Just how more government regulation is supposed to reduce costs in the private sector has never been exactly clear, but discussion at Wednesday’s Senate Agriculture Committee mark-up of derivatives reform legislation revealed that the “reform” will cost …
