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    Morning Bell: Obama's Desperate Times and Desperate Measures

    Faced with predictions of staggering losses for his party in November’s midterm elections, President Barack Obama today appeared on ABC’s “Good Morning America” and said, “If the election is a referendum on ‘are people satisfied about the economy as it currently is,’ then we’re not going to do well, because … More

    Crumbling Highways and Excuses for Socialism

    CATO’s Chris Edwards writes: There is much talk of a second economic “stimulus” bill that would send tens of billions of added federal tax dollars to state governments for infrastructure. Senator Obama recently promised “to put two million more Americans to work, rebuilding our crumbling roads and schools and bridges.” … More

    Hurricanes: Another Good Reason for Expanded Drilling

    Twenty-five percent of America’s oil production and a significant amount of onshore refining capacity and pipeline infrastructure is located in the hurricane-prone central and western Gulf of Mexico — and much of it was in the path of Hurricane Gustav. Fortunately, unlike Katrina and Rita in 2005 and other past … More

    A Private Solution to D.C. Transit?

    Last week, the federal government indicated it was reconsidering a $900 million grant to fund a massive expansion of the Washington Metro. Today, the Washington Post reports that a funding solution may be in sight: private investors may help the rail extension project meet its funding needs. As reported previously … More