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  • Yearly Archives: 2011

    'You're On Your Own Economics' Is an Ironic Straw Man

    obama090820

    In his recent speech in Kansas, President Obama accused Republicans of advocating “you’re on your own economics”—a philosophy that supposedly holds that “we are better off when everyone is left to fend for themselves and play by their own rules.” The implication is that unless you favor raising taxes and … More

    Increasing Instability in China Bodes Ill for 2012

    chinese-flag

    For the last three months, the village of Wukan in Guangzhou, China, has been the scene of unrest. Locals were outraged that, for years, their lands were often being sold from under them by village officials. When petitions to provincial-level authorities brought no relief, they began to stage public protests, … More

    Keynesians Should Listen to Keynes

    John Maynard Keynes

    As we’ve argued countless times, government attempts to stimulate the economy create uncertainty that often paralyzes business decisions. Don’t take our word, though. In a letter to President Roosevelt during the Great Depression, the father of Keynesianism himself, John Maynard Keynes, wrote the following: You are engaged on a double … More

    SEC Charges Reinforce Case for Eliminating Fannie Mae, Freddie Mac

    fannie

    The misguided federal policy to concentrate the U.S. mortgage finance industry in two huge government-sponsored entities was underscored again this morning when the Securities and Exchange Commission (SEC) charged six former Fannie Mae and Freddie Mac executives with misleading investors and Congress about the amount of poor-credit-quality mortgages each entity … More

    Poll: Americans Reject Class Warfare Talk by Obama, Occupy Wall Street

    Obama-12-6-11-Osawatomie-speech

    A new poll from Gallup suggests that President Obama’s class warfare argument and the Occupy Wall Street movement are failing to resonate with Americans — and might actually be backfiring. The new survey reveals that Americans today are less likely to think of the country as divided into “haves” and … More

    Millionaire Tax Would Punish the Biggest Job Creators

    Reid091210

    Senate Majority leader Harry Reid (D–NV) drifted off to fairy-tale world this week and dreamed up some statistics as he did. On the floor of the Senate, Reid said the following: Many of our job creators are like unicorns—they’re impossible to find and don’t exist. That’s because only a tiny … More

    The Trial of Alleged Wikileaks Informant Bradley Manning

    wikileaks

    Bradley Manning, the Army private who allegedly leaked classified information to WikiLeaks, starts his trial process today with an Article 32 hearing at Fort Meade in Maryland. Under military law, this is essentially the equivalent of a preliminary hearing in the civilian justice system. Based on the hearing, the investigating … More

    House of Representatives Makes Legislative Data More Accessible

    Newscom

    Citizens across America will have a powerful tool to hold their elected leaders accountable come January. The House of Representatives today adopted new standards that increase transparency and improve access to legislative data. All of the information will be publicly available in a searchable format on one website. “With the adoption of … More

    Appropriations Tracker FY 2012 Shows Spending up, Not Down

    appropriations-tracker-FY2012-table-20111216

    With fiscal year 2012 spending bills now at the brink of completion, The Heritage Foundation’s Appropriations Tracker: FY 2012 has been updated to reflect the final tally. Combined with three bills enacted in November, the massive “megabus” legislation under consideration today brings total base discretionary budget authority to $1.0429 trillion, … More

    More EMP Discussion Good, but Stick to the Facts

    emp-strike-screen-cap

    The mention of an electromagnetic pulse (EMP) attack in the presidential GOP debate hosted by The Heritage Foundation and the American Enterprise Institute has ignited controversy. After a New York Times article called this threat “theoretical,” Frank Gaffney, director of the Center for Security Policy, offered yet another contribution to … More