An old saying applicable to dysfunctional organizations is that the right hand doesn’t know what the left hand is doing. The President and Congress have taken this approach to a whole new level. In seeking to strengthen small businesses to spur badly needed job creation, the left hand doesn’t know …
On June 17, Vice President Joe Biden crashed the daily White House press briefing to kick off the Obama administration’s “Recovery Summer,” a six-week-long campaign to promote the belief that “the Recovery Act is working.” VP Biden claimed: “We knew that the hole dug by the recession that was created …
Despite mounting state budget crises and growing public discontent with government unions, the House of Representatives added the Public Safety Employer-Employee Cooperation Act to the Afghanistan war spending bill. What does this bill have to do with the war or public safety? Nothing. The bill would be more accurately named …
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 …
Carnegie Mellon University economics professor and American Enterprise Institute visiting scholar Allan Meltzer has a must read op-ed in today’s Wall Street Journal titled: Why Obamanomics Has Failed: Uncertainty about future taxes and regulations is enemy No. 1 of economic growth. It is re-posted in its entirety below but as …
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 …
In the week leading up to the G-20 Summit in Toronto this weekend, German Finance Minister Wolfgang Schäuble has added his voice to the growing discussion about the United States’ recession spending spree. In a response to President Obama’s call for further international recession spending, Schäuble stated “governments should not …
