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    Understanding Russia's Financial Crisis

    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 … More

    Card Check Will Cost Jobs

    The so-called Employee Free Choice Act, otherwise known as card check, is likely to be among the left’s priorities in the 111th Congress. This new ad from the Employee Freedom Action Committee compares the legislation to a bailout for unions. Not only will it end secret ballot elections, but it … More

    More Help for the Auto Industry? Just Say No

    General Motors wants to merge with Chrysler. Doesn’t sound so bad, right? Turning Detroit’s Big Three into the Big Two might be just the remedy for an ailing U.S. auto industry. Maybe not. But that’s not the problem. The problem is how GM is proposing to merge with Chrysler — … More

    Bell Ringers

    A Round-up of Op-Eds from the Heritage Foundation Tax Us, Exempt Matt Damon? – Brian Darling Congress decided to load up the bailout bill too, of course. Amid warnings of a massive economic slow-down being right around the corner, lawmakers couldn’t seem to refrain from freighting the potential deal with … More

    This Week in Washington: Oct. 6, 2008

    There are several issues in Washington this week following the passing of the Bailout legislation. Here are some key issues to be aware of this week: Congress passed a massive Continuing Resolution to fund the government for the next year and inserted some ridiculous earmarks and special interest projects. Some … More

    Morning Bell: Bailout's Precedent Requires Vigilance

    According to the best sources on Capitol Hill, opposition to the financial rescue plan is wilting. This is good news for the American people. Action to address the credit crunch is urgently needed and both the addition of raising the FDIC insured funds cap to $250,000 and the SEC’s mark-to-market … More

    Detroit's Other Big Problem

    Last week the House approved a $25 billion loan for Detroit’s Big Three that, if signed into law, would cost taxpayers $7.5 billion. General Motors, Ford and Chrysler claim they need assistance to make the switch from gas-guzzling vehicles to more cars with better fuel-efficiency. We’ve broken down a few … More

    DeMint: 'There Seems to Be No Real Appreciation of the Constitutional Boundaries'

    During an interview this morning on Fox News Channel, Sen. Jim DeMint (R-SC) outlined the troubling unconstitutional aspects of the financial rescue plan. Heritage’s legal scholars yesterday outlined the constitutional infirmities that remain.

    The Auto Bailout: What’s Behind the Wheel?

    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 … More

    Morning Bell: Market Rescue Dos and Don'ts

    Leaders of the liberal majorities in the House and Senate yesterday  tried to claim they had completed a deal with the White House to address the Wall Street crisis. From the beginning, leaders on the left have both demanded the White House deliver conservative votes for any deal and then refused … More