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    Nice Little Hedge Fund You Have There...

    …it would be a shame if something should happen to it. Gangsters threatening those who fail to knuckle under are rarely so unsubtle as Friday’s letters to two hedge funds from the Chairs of the House Financial Services Committee and its subcommittees. Based on an article in the New York … More

    Crumbling Highways and Excuses for Socialism

    CATO’s Chris Edwards writes: There is much talk of a second economic “stimulus” bill that would send tens of billions of added federal tax dollars to state governments for infrastructure. Senator Obama recently promised “to put two million more Americans to work, rebuilding our crumbling roads and schools and bridges.” … More

    It's Show Trial Season Again

    All this month Congress has been holding hearings supposedly looking into the causes of the financial crisis. As Heritage fellow Brian Walsh explains, the hearings have been less about identifying causes, and more about finding villians: As in past economic crises, some criminal conduct associated with the subprime market has … More

    Not You Pookums

    The Detroit News’ Henry Payne is always a must read but he really hit a home run last week with this cartoon on Fannie and Freddie: (posted with permission from Henry Payne)

    Just One More? Time to Say 'No' to Expanded Treasury Equity Purchases

    The Wall Street Journal is reporting this afternoon that the Treasury Department is mulling the expansion of its bank equity purchase program to cover insurance firms. And other firms in other industries, including non-financial companies, are also asking be included. It should just say no to these ill-considered ideas. The … More

    Different Tax Plans, Different Futures

    It looks more and more like Joe the Plumber was on to something about taxes, though you wouldn’t know if from most of the polls and media. The Heritage Foundation has the details in our new study: If a President McCain got his way on tax reform, Americans could expect … More

    A Few Ways to Kill Economic Growth

    It appears more and more likely with each passing day that we’ll wind up with an Obama administration. If Obama is elected, we will face a lengthy list of policy proposals that are supposed to help the less fortunate but in fact just kill economic growth. He would expand the … More

    Fairness Doctrine Rears Its Head Again

    Sen. Jeff Bingaman (D-NM) went on the Jim Villanucci Show on Tuesday and lauded the “more intelligent level” of public discussion that the Fairness Doctrine fostered in decades past. Bingaman obviously doesn’t believe the Fairness Doctrine gives Americans a raw deal. Hear it for yourself below. [youtube]http://www.youtube.com/watch?v=veF2KNlHW6w[/youtube]

    Minimizing the Damage

    Under normal circumstances, the very concept of direct government purchase of bank stock of any type would be unthinkable and unacceptable. But it seems that to large extent the hand of U.S. policymakers was forced by overseas governments that provided similar capital programs to their banks. If the U.S. government … More

    The End of Social Security As We Know It?

    Barack Obama argues that his tax rebates, many of which will go to households paying no income tax will “offset the payroll tax they pay,” and are, therefore, not welfare. But there are two big problems with this line of argument. First of all, Social Security taxes (the main part … More