This weekend Treasury Secretary Henry Paulson announced that mortgage giants Freddie Mac and Fannie Mae will be placed in a government conservatorship that closely resembles a bankruptcy reorganization. The move puts U.S. taxpayers on the hook for $5.4 trillion in outstanding mortgage debt and commits the government to provide as …
MINNEAPOLIS – Economic advisers from both Barack Obama and John McCain’s campaigns squared off in a panel on tax policy this afternoon, and the consensus among the non-partisan members of the panel was that no matter who wins, Americans should not expect any major changes in tax policy. After both …
The Democratic National Convention in Denver endeavored to be “the most environmentally sustainable political convention in modern American history,” according to the convention’s Director of Greening (really) Andrea Robinson. But how much green will all that green end up costing the rest of us? From recycled tote bags and name …
Time magazine ran a story back in 2007 on “The Case for National Service.” The story described the positions of the candidates for president on expanding “public service” programs. Two of the Democrat candidates favored mandatory community service by all high school students. And two others — Hillary Clinton and …
DENVER — One of Barack Obama’s only legislative accomplishments in the U.S. Senate is the Legislative Transparency and Accountability Act, which passed in September 2007. When he announced his candidacy in Springfield, Ill., Obama called the bill “the most sweeping ethics reform since Watergate.” Critics from left and right, however, …
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 …
