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  • Monthly Archives: August 2010

    Points to Ponder as the Fed Gathers

    The Federal Reserve’s Open Market Committee meets today in the face of tremendous economic uncertainty. In light of last week’s dismal jobs report and related evidence of a faltering recovery, markets are looking for signs as to what the Fed might say and do. It’s widely expected that the Fed … More

    House Breaks Vacation Plans to Spend More Money

    One week ago, Members of the House of Representatives stopped spending taxpayer money and began a six-week vacation. Unfortunately, they came back five weeks early. House Speaker Nancy Pelosi has summoned Members back to Washington to debate an extension of Medicaid and education bailouts. The House will vote today to … More

    Lame Duck Cap and Trade?

    Carol Browner, President Obama’s top climate and energy adviser, joined David Gregory on NBC’s Meet the Press over the weekend and expressed disappointment over the Senate’s inability to pass cap-and-trade legislation. She mentioned “potentially” moving forward with a cap-and-trade bill during the lame duck session. The probability of passing energy … More

    Morning Bell: Under Obamanomics, Government Workers Win, You Lose

    Today the House of Representatives is expected to approve yet another bailout for those states that have proved incapable of controlling their spending on government worker pay, benefits and pensions. The $26.1 billion price tag will be funded in part by $11 billion in tax hikes on U.S. companies that … More

    Islamist Terrorists Target Oil Tanker Traffic Again

    Last Friday, the United Arab Emirates acknowledged that damage sustained by a Japanese supertanker on July 28, 2010, in the Persian Gulf, was the result of terrorism——not a “huge wave” as was announced earlier. The attack demonstrated the increasing danger of maritime terrorism against critical energy infrastructure. Prior to this … More

    WaPo Fails Tax Policy 101

    There are many reasons tax reform remains a distant dream. Not “tax reform” disguising a tax hike as the Obama Administration envisions, but tax reform that would make U.S. companies and workers world-class competitors, ferret out tax cheats, and make paying taxes a little less onerous to taxpayers. Perhaps the … More

    The Wrong Way to Deal With India

    Do as I say, don’t do as I do. This is the message the Obama Administration and Congress are sending to fellow democracy India. While correctly pressing India to liberalize trade and investment, President Obama continues to hector India on outsourcing, and Congress has now transformed the talk into ugly … More

    Even in Recess, Congress Can’t Help Spending Billions for Bailouts

    Not satisfied by the billions in federal bailouts already passed, House Speaker Nancy Pelosi recently announced that she intendeds to bring the House back from the August recess to pass yet another multi-billion-dollar federal bailout. This version—costing taxpayers $26.1 billion—is touted as aid “to save teachers’ jobs, help seniors and … More

    The Bill With No Name

    This Congress has broken a lot of ground, but for all the wrong reasons. Now it has another ridiculous notch to add to its belt: Congress is poised to pass a major piece of legislation without bothering to give it a name. To recap, Speaker Nancy Pelosi (D-CA) told us … More

    Pampering Illegals, Endangering Americans: The Obama Administration’s Immigration Policy

    The death of a Catholic nun and the serious injury of two elderly nuns in Virginia is more than just a tragedy. It’s the inevitable outcome of the Obama administration’s immigration policy — offering selective amnesty for many illegal aliens while spending tax money on pampering those who break our … More