Heritage U.S. Senate Relations Director Brian Darling writes in Human Events: The Democratic leadership in Congress and President-elect Barack Obama have an ambitious stimulus list, including monies for pet transportation projects, an extension of unemployment insurance, food stamps and a costly auto industry bailout (more on that below). The Bush …
Before he became Treasury secretary, Hank Paulson firmly believed the government had no business interfering in financial markets by banning the short selling of financial stocks. But by mid-September of this year, while Lehman Brothers was on the verge of collapse, Paulson pressured the Securities and Exchange Commission to ban …
Congress returns from recess this week to debate a bailout for Detroit’s automakers. Heritage’s Brian Darling surveys the landscape on Capitol Hill. [youtube]http://www.youtube.com/watch?v=Vcdy_bVq_nI[/youtube]
The Club For Growth interviewed U.S. Trade Representative Susan Schwab for its new podcast. Among the topics discussed were the Columbia Free Trade Agreement, trade relations with China, the G20 meetings that took place over the weekend, and President Bush’s free trade legacy. Schwab had this to say about the Colombia …
MOSCOW — The financial turmoil in Russia might not be all-embracing yet, but some of its features suggest its gloomy prospects. Big business’ lack of confidence in national economy is what primarily strikes the eye. Speaking at a Cabinet meeting last week, Prime Minister Vladimir Putin unveiled scandalous information concerning …
Wanna know why Ford and GM lost billions this quarter while Toyota posted a tiny profit? University of Michigan at Flint professor of economics Dr. Mark Perry provides this graphic: Also of note, according to the Department of Labor, the hourly compensation costs for all employees in manufacturing is $29.60. …
The most important thing to remember as Capitol Hill debates the auto bailout this week, is that the incestuous relationship between big business, big labor, and big government is not confined to the auto sector. Instead it infects everything Washington touches. CATO’s Dan Mitchell writes: Naive and/or deceptive politicians often …
If you’re reding this blog, you’re probably already a fan of George Will and probably already read his column this weekend. But just in case you haven’t here are some highlights: The seepage of government into everywhere is, we are assured, to be temporary and nonpolitical. Well. …. The distribution …
