Yesterday we detailed why Barack Obama’s high-tax/high-spending plan to grow the economy was doomed to fail. On the spending side we highlighted that Obama promises to spend $60 billion on infrastructure that he claims will create 2 million new jobs. In addition to pointing out that some studies concluded that …
If last night’s Democratic debate proved anything, it’s that the era of liberal tax-and-spend promises is back with a vengeance. The most illuminating exchange was between ABC’s Charlie Gibson and Sen. Barack Obama on capital gains taxes. After Gibson laid out the facts — that each time rates have been …
The New York Times is shocked – SHOCKED – to learn the Senate’s legislative remedy for the mortgage mess offers surprisingly little relief for folks with problem mortgages, but gives huge tax breaks to “automakers, airlines, alternative energy producers” and others. Doubtless the Gray Lady will be shocked at how …
The Pew Charitable Trusts released a study yesterday surveying state action on the recent wave of increased foreclosures. Pew senior officer Tobi Walker told the Washington Post: “The states are experiencing this pain more directly than the federal government is.” This is partly true. A more accurate statement would be …
Members of Congress, including three presidential candidates, are competing to “do something” to stabilize the housing market and show compassion after the wave of foreclosures on risky subprime mortgage loans. The crisis talk clouds the national picture, obscuring the varied state-by-state impact of the mortgage mess. The chart above uses …
John McCain continues to explain his economic philosophy and round out his program, and the picture he draws of a serious tax-cutting fiscal conservative contrasts starkly with the high-tax, redistributive, big spending liberals running in the other party. In addition to his previously announced pro-growth policies of cutting the corporate …
President Bush and some members of Congress want to dub the Federal Housing Administration as the White Knight who will rescue America from the mortgage mess. They want the agency to help homeowners refinance their subprime loans by offering to guarantee lenders it will cover the tab if the refinanced …
When Congress passed its economic “stimulus” package this February, lawmakers tried to make it look like the plan would help lower-income Americans while not benefiting the rich. They made the $600 tax credit ($1,200 for married couples) refundable and excluded anyone making more than $87,000 ($174,000 for couples) from qualifying. …
