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    Our New Gangster Economy

    Last week Citigroup struck a deal with Senate Democrats accepting the Dems mortgage cram down in exchange for … well not much really. The Wall Street Journal explains why: Since October, the government has invested $52 billion in Citi, while agreeing to eat up to $249 billion in losses on … More

    The Dynamic Duo

    President-elect Barack Obama and President George Bush have joined forces to obtain the second $350 billion of the original $700 billion TARP bailout fund. There is way more than collegiality at work here. Obama and Bush are proving to be true ideological twins. With Treasury Secretary Hank Paulson at the … More

    America's Remaining Free Marketers Speak

    Frank Ahrens tracked down two of “America’s remaining free-marketers” and asked them to rewrite President-elect Barack Obama’s claim that: It is true that we cannot depend on government alone to create jobs or long-term growth. But at this particular moment, only government can provide the short-term boost necessary to lift … More

    Bankruptcy Still Best

    Heritage analyst Andrew Grossman will be discussing the auto bailout with Wall Street Journal Former Detroit Bureau Chief Paul Ingrassia, Competitive Enterprise Institute General Counsel Sam Kazman, and Mackinac Center for Public Policy Senior Economist David Littmann. The panel can be seen live here at 10:30, and will also be … More

    Making Entitlement Reform a "Central Part" of Deficit Reduction

    Responding to the sticker shock of the Congressional Budget Office’s projected record $1.2 trillion budget deficit, President-elect Barack Obama said: We will — we are working currently on our budget plans. We are beginning consultations with members of Congress around how we expect to approach the deficit. We expect that … More

    Major Obstacle to Prolonging the Housing Crisis Clears Hurdle

    If the Senate Democrat/Citigroup plan to allow bankruptcy judges to rewrite mortgage contracts becomes law, there is no doubt that many homeowners who are struggling to pay their mortgages will be helped in the short term. But there is never any such thing as a free lunch. What benefits these … More

    Trigger Lock! Democratic House Rules Thwart Fiscal Responsibility

    Two days into the new Congress, the majority has signaled they are unlikely to take their promise of fiscal discipline seriously. House democrats have turned off the Medicare trigger under the rules package for the 111th Congress, which means they are unlikely to even debate entitlement policy, let alone engage … More

    The Big Lie at the Center of Big Spending Stimulus

    Barack Obama is trying to convince the American people that when it comes to his economic stimulus plan, “We’re guided by what works, not by any ideology or special interests.” But as the  New York Times reports today, nobody has any idea “what works.” First the Times reports: Nearly every … More

    Video: Bill Beach on Bloomberg Debating the Stimulus

    Bill Beach recently appeared on Bloomberg TV to debate with Will Straw from the Center For American Progress on what should be done with the new Stimulus bill. [youtube]http://www.youtube.com/watch?v=uwbcMUcaZ_w[/youtube] For more information on the Stimulus bill, visit our new “Rapid Response” page on the Economic Stimulus

    Bailouts Not Good for Free Speech

    This year already we’ve heard calls for reintroduction of the Fairness Doctrine, and Internet censorship. Now, the first call for public funding for newspapers is here. Lining up behind GM and AIG, media outlets could join the many “distressed businesses” begging for government aid. But, government funding for media – … More