Across California, many cash strapped towns are desperate to keep their fledgling tax bases afloat. For Victorville, a desert town on the main highway between Las Vegas and Los Angeles, that now means a taxpayer bailout for Victorville Motors. The Wall Street Journal reports: Car dealerships in these towns have …
Last summer, National Economic Council director Larry Summers said that in order to be effective, any stimulus bill “must be clearly and credibly temporary.” More and more people are beginning to notice that President Barack Obama’s trillion dollar spending plan completely fails that test. The Associated Press reports today: If …
Last Friday we told you that even by the left’s own ideological criteria, President Barack Obama’s trillion dollar spending plan would fail to stimulate the economy because nothing about the massive spending increases in the bill was temporary. This Sunday the Washington Post wrote an editorial essentially agreeing with us: …
Pushing for deficit spending as part of his own economic stimulus package in 1971, President Richard Nixon famously told ABC News, “I am now a Keynesian in economics.” Increasingly, it seems that everyone on Capitol Hill is adopting Nixon’s economic views … but a thousand times worse. Where Nixon wanted …
Responding to news that President Barack Obama is issuing an executive order that will immediately suspend the military commission system at Guantanamo Bay and shut down the entire camp within a year, Vincent Warren, the executive Director for the leftist Center for Constitutional Rights told the Los Angeles Times, “It …
While he spoke about moving forward, and promised change as we look toward the future, in fact President Obama’s inaugural address was firmly entrenched in discredited policies of the past; policies that never worked. For example: “Now, there are some who question the scale of our ambitions — who suggest …
Just like all his other speeches, President Barack Obama’s inaugural address delivered lofty rhetoric yesterday, but as is often the case with Obama, the speech provided more heat than light when it came to tough issues. Seeking to set a tone of accountability, Obama said: Our economy is badly weakened, a …
After making news earlier this week for promising to make Social Security and Medicare reform a “central part” of his plan to curtail federal spending, President-elect Obama has pledged to hold a “fiscal responsibility” summit focusing on entitlement reform. Although the devil is in the details, facing up to the …
According to the Pentagon only about 60 of the 250 detainees at Guantanamo could be released relatively safely, and that only 80 of the rest could face trial by “military commissions.” The New York Times reported this week that President-elect Barack Obama appears “to have rejected a proposal to seek …
