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    That Pesky Reset Button

    March 24, 2009 at 8:23 am

    9 Comments

    The media and pundits alike have skewered the Clinton State Department for giving Russian Foreign Minister Sergei Lavrov a prop “reset button” when Secretary Clinton met with him in Geneva earlier in the month. Obviously it is a bad idea to reset relations with Russia only weeks into a new … More

    A Russian-Chinese Axis at the G-20?

    March 20, 2009 at 2:30 pm

    8 Comments

    Earlier this week, Russia issued a radical call for the eventual replacement of the dollar as an international reserve currency, and its replacement by a new, fiat currency to be created by a global regulator. The prospects for agreement on this at the G-20 summit in April, to put it … More

    Global Financial Crisis=Minnow. Entitlements Crisis=Whale.

    March 20, 2009 at 10:28 am

    2 Comments

    That’s a bit of an exaggeration. No serious person can deny the importance of the global financial crisis. We can only hope that the U.S. and Britain don’t get swept away by its urgency and agree to a lot of European and Russian proposals that would make it worse, and … More

    The Outlines of the G-20 Deal Emerge, And They’re Not Good

    March 19, 2009 at 10:05 am

    8 Comments

    In the run-up to the G-20 summit in London on April 2, a curious division has emerged. On one side stand the U.S. and Britain, both sounding like continental Europeans in their enthusiasm for deficit spending. On the other stand France and Germany, rejecting stimulus packages but eager to impose … More

    The Unelected, Unaccountable EU and the G20

    March 18, 2009 at 8:44 am

    5 Comments

    Proving the old adage that no crisis should go to waste, the unelected European Commission President, Jose Manuel Barroso, has called for Europe to “speak with one voice” at the G-20 summit to be held in London on April 2. It is reported that Americans and Europeans are at odds … More

    Darling Needs a College Refresher

    March 13, 2009 at 9:20 am

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    In his piece “International Cooperation is the Way Out of the Financial Crisis” Wall Street Journal, March 13, 2009, U.K. Chancellor of the Exchequer Alistair Darling makes three recommendations, the first two of which are wrong-headed and the third threatens much the same. Mr. Darling observes correctly that we are … More

    One (Small) Reason For Optimism at the G20 Meeting

    March 11, 2009 at 12:13 pm

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    The European Union (EU) is once again lecturing America on its economic policies, and thanks to President Obama’s policies and his allies in Congress, the EU is right and America is wrong. Europe, like the United States, is plunging into recession. France saw a stunning 13.8 percent decline in industrial … More

    Schwab: Colombia Trade Deal Is the Best Stimulus Package

    November 17, 2008 at 5:28 pm

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    The Club For Growth interviewed U.S. Trade Representative Susan Schwab for its new podcast. Among the topics discussed were the Columbia Free Trade Agreement, trade relations with China, the G20 meetings that took place over the weekend, and President Bush’s free trade legacy. Schwab had this to say about the Colombia … More

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    The Morning Bell
    A Bumper Crop of Food Stamps

    Tweet this Where do food stamps come from? They come from taxpayers—certainly not from family farms. Yet the “farm” bill, a recurring subsidy-fest in Congress, is actually 80 percent food stamps and other government nutrition programs. The food stamps sweeten the farm deal for lawmakers, who admit that the combination … More

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