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    Tankosphere Today: Aug. 22, 2008

    Whose Business Is It Anyway? – Townhall.com “Stossel is a pig.” “Wait and see how he is going to react when he [gets] fired by ABC News without a reason, just because he is skinny like a monkey.”… Virtual water: The New Carbon Footprint – Adam Smith Institute This week … More

    Maybe a Giant Government Mortgage Financing Duopoly is Not in the Interests of American Homeowners

    When liberals in Congress sold the American people on the need to risk $300 billion to bail out banks that made irresponsible loans to bad credit risks, they insisted big government was the answer to the housing crisis. For example, when defending the bill Barack Obama told Tom Brokaw: “What … More

    Tankosphere Today: Aug. 21, 2008

    Dem Lawmaker Kicked Out of Capitol – The Club For Growth Democratic leaders in the California legislature kicked Assemblywoman Nicole Parra out of the Capitol building because she didn’t vote for their budget… Obama, McCain, and School Choice – The Locker Room In the latest Phi Delta Kappa poll, a … More

    Tankosphere Today: Aug. 20, 2008

    Federal Regulations Helped Spawn Mortgage Crisis – OpenMarket.org Federal “affordable housing” and “diversity” mandates helped spawn the mortgage crisis. Additional evidence comes from a Washington Post story, which notes that “even late in the housing bubble… Sales Tax Holidays: Small Gains Are Outweighed By Serious Harms – The Tax Foundation … More

    NYT Wrong, LAT Right on Housing

    We don’t know what reality the New York Times editorial board lives in, but it is definitely not the same one Los Angels Times hard news reporters operate in. Today the NYT editorializes: In an election year, sound policy making is almost always trumped by political posturing, making the situation … More

    Tankosphere Today: Aug. 19, 2008

    Now Safely Asserted: Card Check Eliminates the Secret Ballot – Shopfloor.org The DFL Party in Minnesota, feigning outrage that someone would express disagreement with their candidates’ support of the Employee Free Choice Act, tried to punish and prevent the speech rather than… To Drill, or Not to Drill – the … More

    Morning Bell: The Left’s Crony Capitalism Explodes

    Yesterday all three major financial indexes fell after an article in Barron’s reported the Bush Administration is planning to exercise the authority to recapitalize Fannie Mae and Freddie Mac. A Treasury spokeswoman denied the report, but FusionIQ CEO and equity-research director Barry Ritholtz told the AP: “You don’t pass that … More

    Big Government = Big Lobbying Industry

    George Mason University Economics chair Donald Boudreaux blogs at Cafe Hayek: In his new book, [Thomas] Frank complains that during this time of alleged free-market ascendancy, the lobbying industry in Washington has blossomed and is inflicting great harm on Americans. I agree that the lobbying industry on the Potomac swamp … More

    Tankoshpere Today Aug: 18, 2008

    U.S. Corporate Tax Rate 50% Higher than Economic Competitors – The Tax Foundation Washington, DC, August 13, 2008 – Tax Foundation President Scott Hodge this morning released the latest Tax Foundation “Fiscal Fact” in response to a new study from the Organisation for Economic Co-Operation and Development (OECD). The OECD … More

    Tankosphere Today: Aug. 15, 2008

    Republican Energy Protest Starts Picking up Steam – FRC Blog Returned to the House floor yesterday to watch the Republican “speech-in” demanding a vote from Speaker Nancy Pelosi (D-Calif.) on energy. The crowds was at least four times the crowd I saw last week… Using the Economic Weapon Against Russia … More