On Aug. 1, then-candidate Barack Obama announced a $50 billion “emergency” economic stimulus plan. Now that he’s been elected, President-elect Obama’s advisers are pushing for a $500 billion spending plan. That number is not a mistake. In just three months the size of Obama’s emergency spending plan has risen tenfold. …
According to reports, ailing U.S. automakers are already lobbying the Obama transition camp for a taxpayer-financed bailout, and they’ve turned up the dial on doom and gloom in recent weeks to make government action appeal all the more pressing. General Motors, for one, says it will run out of cash …
Americans would do well to ponder the unrelieved strains on the nation’s military readiness on this Veterans Day, one short week after the election of a new president and Congress. The Army’s readiness is particularly low. Seven years of combat overseas have exacted a grinding toll on all our military …
President-elect Barack Obama is sending mixed signals on America’s planned missile defense sites in Europe following Russia’s heated rhetoric last week. An Obama adviser said this weekend America’s next commander in chief hadn’t decided if he would continue work on the U.S. missile shield. Although Obama is still months away …
President-elect Barack Obama has a number of challenges to tackle when he takes office in January. One of his promises is to change the weather — by addressing global climate change. While only Congress (or the EPA) can implement an economy-wide cap-and-trade policy, Obama would surely sign the bill. In …
Yesterday the Center for American Progress boldly proclaimed that Barack Obama’s 6-point popular voter victory represented “A Progressive Mandate.” Really? How many millions of dollars did the Obama campaign spend on TV commercials in the closing weeks to convince Americans that Obama would enact policies the Center for American Progress …
According to federal election law, any presidential campaign that participates in public financing is automatically audited after an election. When Barack Obama broke his promise to the American people by forgoing the public financing system, his campaign became the first since public financing became law to have a chance of …
This week Argentina’s leftist president, Christina Kirchner, announced she would move forward with her plan to seize the nation’s private pension funds. Kirchner claims government seizure of the funds is needed to protect Argentinians from the global market crisis. But most observers believe her real motive is to use the …
