Heritage scholars JD Foster and David John react to this weekend’s Wall Street turmoil: While unfortunate for both Lehman and Merrill Lynch, what is most important about these transactions is that markets are in one important sense returning to a normal order even in the face of uncertainty and turmoil: …
The two big issues in Washington this week are drilling and bailing out the automakers. Drill, baby, drill. For years, Congress has banned oil and natural gas drilling on most of America’s Outer Continental Shelf (OCS). Less than two weeks ago, the Republican convention erupted with chants of “Drill, Baby, …
Nevada Research Policy Institute Launches Transparency Site – Government Bytes Check out the Nevada Research Policy Institute’s new transparency website, www.transparentnevada.com. Launched earlier this week, the site enables users to search through county and state financial data such as purchasing contracts, lobbying expenses, budgets, and government employee salaries… CBS News …
In the video below, Barack Obama tells an audience in Norfolk, Va., that there are analysts at The Heritage Foundation “who are acknowledging that my tax plan provides more relief to the average American than John McCain’s does.” [youtube]http://www.youtube.com/watch?v=ahHpaFKoQDo[/youtube] Here is the actual quote from the New York Sun: Mr. …
When Government Fails, Blame the Private Sector – OpenMarket.org Taxpayers are now in the process of bailing out the “Government-Sponsored Enterprises” — the mortgage giants Fannie Mae & Freddie Mac — to the tune of tens of billions of dollars. The GSEs have long received subsidies that cost taxpayers around …
According to the Department of Transportation, the number of Congressional earmarks increased by1150% between 1996 and 2005 and the monetary value of those earmarks increased 314%. While Republicans have a spotty record on the issue, conservatives have long fought their corrupting and inflationary influence. the practice declined some in 2007, …
Fannie Mae and Freddie Mac were created during the New Deal by the Roosevelt administration in order increase home ownership. With government backing and price controls, the supply of housing was artificially increased, with the funds coming from the taxpayer. Even when Fannie and Freddie were made into government sponsored …
