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  • Monthly Archives: August 2010

    Gates Going

    In the coming months, lots of people will be cranking up their computers and burning up the airwaves with commentary on the just-announced departure of Secretary of Defense Robert Gates sometime in 2011. Evaluating his legacy as SECDEF when he ultimately leaves next year will be important for the historical … More

    End of the World...for Real

    Last week we were attacked by the sun. For real. Huge solar eruptions sent a blast of radiation toward Earth. Thankfully, the planet’s natural magnetic shield warded off the worst effects. Life went on uninterrupted. That won’t always be the case. In 1859, Richard Carrington recorded what is now called … More

    Another Green Jobs Debacle from Obama's Failed Stimulus

    The New York Times reports today that only 8.4% of the $3.2 billion Congress included in President Barack Obama’s failed stimulus to create green jobs by improving energy efficiency has been spent through July. From the NYT: The program was to provide money for the purchase of better lighting or … More

    China Passes Japan, Not As Important As It Seems

    After months of speculation, it’s finally official: the Chinese economy, as measured by GDP, is larger than the Japanese economy. In the second quarter of 2010, the Japanese economy was valued at about $1.29 trillion, the Chinese economy at $1.34 trillion. The gap will widen next year and for the … More

    Morning Bell: Death, Taxes and the Failure of Obamanomics

    Benjamin Franklin famously said, “In this world nothing can be said to be certain, except death and taxes.” With America’s stagnant-as-a-swamp economy still stuck at 9.5% unemployment, an unexpected 484,000 new jobless claims, and reports of a slowed recovery, it might be time for old Ben to pull out his … More

    President Obama’s $1 Billion Earmark

    Sen. Tom Coburn (R-OK) likes to say that Congressional earmarking has become the gateway drug to federal overspending.  Is there any better evidence of this theory than President Barack Obama’s $1 billion earmark for a special project in Illinois that was slipped into his failed $862 billion stimulus?  According to … More

    The Incandescent Bulb Ban: Another Regulatory Overreach

    Is the modern incandescent light bulb ready to retire from society and find its final resting place in the halls of the American History Museum? Politicians seem to think so, but consumer behavior indicates otherwise. According to an article in The New York Times, Despite a decade of campaigns by … More

    Russian Deployment of S-300 Missiles Threatens U.S. Interests in the Caucasus

    On Wednesday, Gen. Alexander Zelin, the commander of the Russian Air Force, announced that Moscow had deployed a state-of-the-art S-300 (SA-20 Favorit) long- range air defense system in Abkhazia, a region of the Republic of Georgia that Russia has occupied since the August 2008 war. Since then, Russia recognized breakaway … More

    Real or Fake: $3.2 Million Turtle Tunnels

    Last week, Sens. Tom Coburn (R-OK) and John McCain (R-AZ) released a report detailing 100 wasteful economic stimulus projects including $144,541 in stimulus funds to study the effect of cocaine use on monkeys. But that is just the tip of the iceberg. The creative team at Bankrupting America has highlighted … More

    The Automatic IRA: A Conservative Way to Build Retirement Security

    With the introduction of new legislation to implement the Automatic IRA—a simple, low-cost retirement savings vehicle for employees of small businesses—the effort to enable many more Americans to use a payroll deduction to build retirement security moves to a more active phase. A new bill by Senator Jeff Bingaman (D–NM) … More