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  • Monthly Archives: May 2010

    Explaining the Obama National Security Strategy

    Yesterday the White House unveiled its national security strategy. It came in basically three parts. Part One is the “anything but Bush” part. Where the goal is to put as much distance between Obama and Bush – even where there is not a lot space. Renaming the War on Terrorism, … More

    Morning Bell: White House in Disarray

    A fudgelike goo coating Louisiana’s marshes. A thick oil slick stretching across the Gulf of Mexico. A plume of oil miles below the ocean surface. A tragic loss of life. Reverberating economic consequences. Throw in a poll that shows that 53 percent of Americans rate President Barack Obama “poor” or … More

    Not All the 'Easy' Oil is Gone Mr. President

    At the press conference accompanying the political hara-kiri by his director of the Minerals and Management Service, President Obama changed topics and said, “Now let me make one broader point, though, about energy. The fact that oil companies now have to go a mile underwater and then drill another three … More

    A Tale of Two Gushers: Oil and Spending

    Washington’s runaway gusher of spending makes the Deepwater Horizon disaster look small and simple to stop. Congress is debating another irresponsible round of extra spending (although they refuse to call it “son of stimulus”) before they take a Memorial Day break.  The measure would add an estimated $84-billion (or perhaps … More

    Side Effects: Cost Of Medicaid Expansion Going Nowhere But Up

    In passing Obamacare, Congress has put the states in quite a pickle. To sharply expand health coverage, Obamacare flung wide the gates of Medicaid eligibility. It envisions a massive expansion of the federal-state health program that, historically, delivers low-quality care to low-income Americans. Not a smart move. States were already … More

    Tax Extenders Bill Still Contains Irresponsible Spending Increases and Dangerous Tax Hikes

    Congressional leaders have responded to the backlash against the original $174 billion cost of the “tax extenders” bill by reducing its cost by $47 billion. Even with the reduction, the bill will still add $84 billion to the deficit over the next decade. They have reduced the amount of spending … More

    A Tax Report in Search of the Economy

    On May 25, the Fiscal Analysis Initiative of Pew’s Economic Policy Group published an overview of what might happen to the federal government’s annual deficits should the tax relief of 2001 and 2003 be allowed to expire, be extended through 2012, or be made permanent. As readers may know, all … More

    New START Negotiations: Show Us the Records!

    The Obama administration’s drive to win Senate approval of the New START arms treaty with Russia has hit a speed bump. Several senators are asking to see the secret negotiating record from the administration’s official talks with Russia. Why? Because U.S. and Russian officials publicly disagree about what the treaty … More

    Should Pay Be Political?

    Bloomberg news has an article on Wall Street pay revealing that the CEOs of many large banks have taken big pay cuts in the past year or two (CEO pay at the 50 largest financial firms has fallen 37% in the past two years). Buried in the story was a … More

    Rwanda's Entrepreneurial Uprising

    Remember Hotel Rwanda?  That movie depicts the true story of a man fighting impossible odds to save everyone he could during the Rwandan Genocide in 1994. Hotel Rwanda was a symbol of desperate hope for survival. Almost two decades later, by contrast, Rwanda has many symbols of hope for a … More