Faced with mounting public consensus for more domestic energy production, liberals in Congress are desperate to pass anything that they can claim will lower energy prices (well they will pass anything as long as it doesn’t include actually producing more energy). Yesterday Senate Democrats passed a bill to stop “excessive, …
Congress has often criticized the Department of Homeland Security for its short comings, however in many ways Congress itself is to blame. When DHS was created 22 agencies and almost 200,000 people were pulled together into one entity. However, despite the 9/11 Commissions recommendation that congressional oversight should be consolidated, …
On Sunday the New York Times profiled Diane McLeod, a 47-year-old single mother working two jobs, who by her own admission acknowledges she spent too much money shopping to make herself feel better without reflecting on how it would impact her future. Commenting on reader reaction to the article, former …
Skyrocketing gas prices and rising energy demands have policymakers considering some of the same bad policies of the 1970s. Chief among these are windfall profits taxes, setting price controls on oil and using subsidies to pick winners and losers. The French, on the other hand, took a different approach in …
Luis Rubio looks at NAFTA from Mexico’s perspective in the Latin Business Chronicle: NAFTA was the result of a new economic strategy. Above all, however, it represented a major political shift. Instead of looking at the United States as the source of conflict and irritation, as it had historically been …
This past week, Speaker Nancy Peolsi (D-CA) announced she wants to push another $50 billion in deficit spending through Congress for economic stimulus. This is on top of the $106 billion in stimulus payments the government is still sending out to Americans. This January Pelosi promised that the first $106 …
Anticipating legislative action on a bailout for Fannie Mae and Freddie Mac in the House tomorrow, the White House reaffirmed a veto threat Monday if the proposed package includes a money for state and local governments to buy real estate. Speaker Nancy Pelosi responded, “Let me get this straight. The …
