The country that leads the clean energy economy will lead the global economy. We’ve heard some version of that story a number of times from President Obama, whether it be in his State of the Union address or trying to sell the stimulus at wind and solar manufacturing plants across the country. Countries like Spain and Germany are leading the race in the clean energy; as President Obama says, “they’re making real investments in renewable energy.” But what’s at the finish line? If Spain and Germany provide any indication, it’s a …
In today’s media environment, it makes sense that President Obama and his team of White House advisors are using Twitter to spread their message. The medium has a great deal of upside, especially to an administration that often accuses the press of treating them unfairly. However, Twitter also has a downside, because its impulsive nature can often lead to negative results. Today, White House Press Secretary Robert Gibbs used his official government Twitter account to endorse his favorite bike store. Gibbs tweeted: “#FF @CraigFEMA so you know the latest @RevCycles …
Within a span of almost 6 months, there have been two near-miss terror attacks on U.S. soil—the Christmas Day plot and Saturday’s Times Square attempted bombing. The Obama Administration had emphasized, in its review of the Christmas Day terror plot that: …despite several opportunities that might have allowed the CT community to put these pieces together in this case, and despite the tireless effort and best intentions of individuals at every level of the CT community, that was not done. Despite this admission, the Obama Administration continues to drag its …
Everybody now knows that the hedge fund at the center of the Goldman Sachs SEC complaint, Paulson & Co., made a fortune by selecting credit default obligations made up of high risk mortgages. What is less well known is how Paulson picked mortgages. The Wall Street Journal reports: “According to the SEC complaint, [Paulson and Company head John] Paulson especially wanted to find risky subprime adjustable rate mortgages that had been given to borrowers in California, Arizona, Florida, and Nevada—states with big spikes in home prices that he reckoned would …
The United States must reverse its spending habits, and most Americans know it. A recent poll by Resurgent Republic shows that 62 percent of likely voters are very concerned about the level of deficit spending of which Congress is guilty. When those that were somewhat concerned are included, the percentage of Americans that view Congress’ spending as reckless and irresponsible grows even larger. President Obama is obviously aware of this sentiment among the American people, but whether or not he takes it seriously is another question. The Washington Times reminds …
This summer, the United States Senate will make one of the most solemn determinations within our constitutional system – whether to confirm a president’s nominee to a lifetime of service on the United States Supreme Court. When considering a nominee for the vacancy created by Justice John Paul Stevens’ retirement, the Senate must determine whether the nominee will demonstrate an unfailing fidelity to the text of the Constitution and proper restraint against the temptation to expand judicial power. United States Supreme Court vacancies are not to be filled with symbols …
By now you may have heard the story of five students at a California High School who were punished and forced to turn t-shirts inside out because they depicted the American flag. Principal Nick Boden and Assistant Principal Miguel Rodriguez of Live Oaks High School in Santa Clara County admonished the boys for their displays of patriotism because it was May 5, or Cinco de Mayo in Mexico. The students were sent home, and their parents are now justly fighting the district over the school’s ill-concieved actions. You would think …
This past tuesday, Minority Whip Eric Cantor (R-VA) spoke at The Heritage Foundation’s annual spring President’s Club meeting, noting: Now should be the time for America to rededicate itself to the strategy of: 1) peace through strength, and 2) recommitting ourselves to standing up for democratic and peaceful allies. Why is now the time? Because total defense spending is projected to decrease from about 4.9 percent this current fiscal year to roughly 3.5 percent in 2015; and unless entitlement spending is reined in, it will consume all federal revenue in …
Uh oh. Just when it seemed Sino-American shouting over the undervalued yuan was quieting down, surprise guests are threatening to incite a riot. The problems in Greece, Portugal, and perhaps elsewhere in southern Europe are a threat to the euro. A damaged euro may mean the widely-anticipated change in Chinese currency policy is delayed, which might be the last straw for the U.S. Congress. In March and April, it seemed Congress was serious about applying trade sanctions to China in retaliation for what was perceived as harmful currency policy. There …
Today the Labor Department’s Bureau of Labor and Statistics released its monthly jobs report showing that the nation’s unemployment rose to 9.9% in April despite the addition of 290,000 jobs, 66,000 of which were temporary Census 2010 jobs. The rise in unemployment was driven by the entrance of 195,000 previously discouraged Americans reentering the workforce. In total, the U.S. economy has now lost a net of 2.6 million jobs since President Barack Obama signed his $862 billion stimulus plan. We are 7.6 million jobs short of the 137.8 million he …
