After months of lambasting staunch U.S. ally Colombia for its human rights record, the New York-based group Human Rights Watch has published a detailed 236-page report exposing the Venezuelan government of Hugo Chavez’ shabby record with regard to human rights in extensive detail. Describing everything from the marginalization of political …
By popular demand we are posting the text of the provision in the House bailout bill that requires Treasury to divert 20% of all profits away from taxpayers and to left-wing advocacy groups like the Association of Community Organizations for Reform Now (ACORN). SEC. 105. RIGHTS; MANAGEMENT; SALE OF TROUBLED …
Incentives or Investments? – NEI Nuclear Notes Federal subsidies and their role in promoting our national interests have been debated since the earliest days of our nation. Earlier this week, NEI and Management Information Services Inc. released a MISI report that catalogs in exhaustive detail the panoply of federal subsidies …
After Secretary Paulson released his first bailout draft, we enumerated some threshold constitutional issues that the proposed legislation failed to pass. The latest House bailout draft not only fails to address these concerns, it actually creates brand new ones. The most glaring problem with the original proposal was the lack …
As discussed in Senior Research Fellow in Regulatory Policy James L. Gattuso’s recent blog post, the House this week approved a new $25 billion loan program for Detroit automakers, and the Senate is expected to soon follow suit. The loans are to develop alternatives to conventional fossil fuel powered vehicles …
It is only fair for taxpayers to expect to benefit if hundreds of billions of dollars of their money is used to purchase poor quality debt from financial services firms. However, taxpayer profit sharing must be carefully structured to avoid endangering the economy’s recovery by discouraging firm’s to participate in …
In the previous post we enumerated what any financial clean up legislation must have to earn conservative support. But as important as federal action is, there is a strong possibility that further government intervention will only make the situation worse. To make sure this does not happen, and deal must …
Congressional Democrats think they have spotted an opportunity. With lawmakers and the American public focused on the pressing financial crisis, both Speaker Nancy Pelosi (D-CA) and Senate Majority Leader Harry Reid (D-NV) are rushing another massive spending bill through Congress. In ordinary times these bills would be debated at length …
