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    A Gusher of Hypocrisy

    George Skelton makes the case that Californians should “let go of the past and allow offshore oil drilling” in the Los Angeles Times: California is the nation’s biggest consumer of gasoline — 45 million gallons a day, plus 10 million gallons of diesel. That makes us the third-biggest petroleum-consuming entity … More

    Free Trade Fact of the Day

    A core belief of the hard core left is that free trade has killed American manufacturing and that increased protectionism is key to bringing it back. Harold Meyerson forwards this world view in today’s Washington Post: The loss of several million manufacturing jobs during the Bush presidency coincides with the … More

    Higher Taxes Can’t Save Us

    Columbia University Business School dean Glenn Hubbard writes in the Wall Street Journal today: The spending shortfalls in Social Security and Medicare are large. According to the Congressional Budget Office, Social Security and Medicare spending left unchecked would, after a generation, consume about 10 percentage points more of GDP than … More

    Morning Bell: Can Our Economy Afford More Union Corruption?

    The president of California’s largest union local, the 160,000-member Service Employees International Union (SEIU) in Los Angeles, yesterday announced he would take a leave of absence and the local would be placed in a temporary trusteeship. Tyrone Freeman’s departure comes after an in-depth series of Los Angeles Times articles detailing … More

    Maryland Welcomes New Nuclear

    Last night, Heritage Research Fellow Jack Spencer and I drove down to Solomons Island, home of Calvert Cliffs’ 2 nuclear reactor stations – where Constellation Energy is proposing to build a third. It was the third of three hearings held by Maryland’s public service commission in which elected officials and … 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

    Does 14% OF 28.5 Billion Sound Like a Compromise to You?

    The ‘Gang of 10‘ energy plan being sold by a bipartisan group of Senators claims to be a ‘compromise‘ that Majority Leader Harry Reid (D-NV) calls “a step in the right direction.” But is it? Does the bill really make an honest attempt to develop more of our domestic energy … More

    Free Trade Fact of the Day

    Why do liberals insist on demonstrating every day that they have no idea how markets work? Yesterday Rep. Ed Markey (D-MA) asked the White House “to determine whether [it has] the authority to take action to immediately halt all exports of U.S. oil, and if not, to work with Congress … 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

    Morning Bell: The Road to Single Payer

    Yesterday in Albuquerque, N.M., Barack Obama told 1,800 adoring fans that, “If I were designing a system from scratch, I would probably go ahead with a single-payer system.” Obama was responding to a a voter who asked why he did not currently support single-payer health care. Obama explained: “Given that … More