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  • Morning Bell: The Limitless Power of the Obama-Kagan Congress

    This Sunday, our nation will celebrate Independence Day, which commemorates the Continental Congress’ adoption of the Declaration of Independence on July 4, 1776. Thomas Jefferson’s Declaration preamble reads: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain … More

    The Dodd-Frank TARP Raid: Using Yesterday's Bailout to Pay For Tomorrow's

    After the last-second addition of another $20 billion in new taxes shattered their original coalition for passage, the majority in the Senate went back to the drawing board to identify a new way to pay for the Dodd-Frank “orderly liquidation” fund. The result of their leftist brainstorming session? Using the … More

    Morning Bell: The Dodd-Frank Assault on Economic Recovery

    Following the release of the 2,000-page Dodd-Frank financial regulation bill last Friday, fixed-income portfolio manager Christine McConnell told Businessweek: “Clarity is good. [Once financial institutions] understand the rules of the road they’ll be able to accommodate their business models.” There is only one problem: passage of the Dodd-Frank bill doesn’t … More

    Morning Bell: Will Elena Kagan Defend the Rule of Law?

    The Senate Judiciary Committee will begin its hearing today on the nomination of Elena Kagan to be the next Associate Justice of the Supreme Court of the United States. Kagan is no stranger to the confirmation process; in fact, she devoted one of her few academic writings entirely to the … More

    Joe Barton is Right: There Was a $20 Billion Shakedown in the White House

    Rep. Joe Barton (R-TX) is under fire from the White House and the Beltway media for his statement to BP today: “I’m only speaking for myself. I’m not speaking for anyone else, but I apologize. I do not want to live in a county where anytime a citizen or a … More

    Morning Bell: An Offer BP Couldn't Refuse

    On October 13, 2008, Treasury Secretary Henry Paulson summoned the CEOs of the nation’s largest banks into a gilded conference room at the Treasury Department just a stone’s throw away from the White House. Each CEO was then handed a one-page document that said their company would agree to sell … More

    Econ 101: The Minimum Wage Kills Jobs

    Last week, George Mason University economics professor Daniel Klein wrote a Wall Street Journal op-ed summarizing an study he did for Econ Journal Watch: “Who is better informed about the policy choices facing the country—liberals, conservatives or libertarians? According to a Zogby International survey that I write about in the … More

    Jay Leno on Obama and the Oil Spill

    The Los Angeles Times reports: “Obama urges new efforts to reduce U.S. dependence on oil, citing the ‘tragedy unfolding’ in the Gulf of Mexico.” The Washington Post reports: “The Oval Office address was Obama’s most pointed attempt since the spill began to explain how the crisis should be leveraged on … More

    Morning Bell: A Crisis of Competence

    Nearly 31 years ago, on July 15, 1979, President Jimmy Carter told the American people from the Oval Office: “Energy will be the immediate test of our ability to unite this nation, and it can also be the standard around which we rally. On the battlefield of energy we can … More

    Empathy for Mass Murderers?

    When President Barack Obama first responded to the retirement of former Supreme Court Justice David Souter he outlined his preferred judging philosophy: I will seek …. someone who understands justice and isn’t about some abstract legal theory or footnote in a case book, it is also about how our laws … More