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  • Morning Bell

    Morning Bell: Economics 101

    “The issue of economics is not something I’ve understood as well as I should,” John McCain famously admitted to the Boston Globe late last year. And yesterday in Portland, Ore., McCain proved it by outlining a cap-and-trade plan designed to reduce U.S. carbon emissions by 60% by 2050. The plan … More

    Morning Bell: The Wall Street Bailout Enhancement Act

    During the debate on the housing bailout bill last week, Democrats consistently justified their “American Housing Rescue and Foreclosure Prevention Act” by citing the Treasury Department’s involvement in JP Morgan’s purchase of Bear Stearns. Bill sponsor Rep. Barney Frank (D-Mass.) was typical: You didn’t get an answer on how the … More

    Morning Bell: Why Are Liberals Actively Helping Terrorists?

    On April 26, Barack Obama supporter Bill Richardson met with Venezuela President Hugo Chavez in an attempt to secure the release of Americans being held in Colombia by the Marxist-inspired Revolutionary Armed Forces of Colombia (FARC). Besides helping to legitimize Chavez’s longstanding goal of becoming a regional power, the meeting … More

    Morning Bell: The New York Times Wants You to Pay Even More at the Pump

    Fast becoming an official communications appendage of the Barack Obama campaign, the New York Times editorializes today on the “petty pandering” of Hillary Clinton’s and John McCain’s call for a suspension of the federal gas tax over the summer. Noting that the policy would not deliver lower prices for consumers, … More

    Morning Bell: Can Government Worsen the Mortgage Crisis … ‘Yes We Can!’

    A publicly traded corporation announces a $2.2 billion quarterly loss, a dividend cut and warns that steeper losses are sure to come. One might expect such a company’s stock to go down on such dire news. But not Fannie Mae! On the very day Fannie revealed nothing but bad performance … More

    Morning Bell: Why Is Congress Doubling Down on Mortgage Mess?

    The United States likes to think of itself as a model of free markets. Unfortunately, in far too many sectors of the economy the reality is that the federal government already plays a huge role. Housing is a perfect example. The two Government Sponsored Enterprises (GSE) created to help the … More

    Morning Bell: The Great Global Warming Boondoggle Has Begun

    Sen. Barack Obama’s only legislative accomplishment in Washington so far is the passage of “the most sweeping ethics reform since Watergate,” which was designed to “to tell the corporate lobbyists that their days of setting the agenda in Washington are over.” Well the lobbyists didn’t get the message. Since liberals … More

    Morning Bell: Honesty Only Solution to Deficits

    Yesterday in Oakland, Calif., in celebration of May Day, public school children were taught that the war in Iraq was to blame for proposed education funding cuts. Never mind that not a single dime of California’s $20 billion budget deficit went to defense spending; teachers’ unions weren’t concerned with the … More

    Morning Bell: Blame Canada

    Environmentalists are in their normal state of righteous frenzy over the Department of Interior’s continued deliberations on whether or not to list the polar bear as “endangered” pursuant to the Endangered Species Act. Responding to a California judge’s decision ordering Interior to make their decision by May 15, Natural Resources … More

    Morning Bell: Government Is the Problem on Food and Energy Prices

    Food riots have forced the collapse of the government in Haiti. People are dying in food lines in Egypt. The U.N. warns that food stocks for 450,000 Cambodian children is set to tun out in 30 days. Rising hunger is contributing to instability in Afghanistan. In India, even the gods … More