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  • Morning Bell

    Morning Bell: There They Go Again

    Earlier this year the left in Congress and the White house pushed through a $152 billion economic stimulus package that they assured us what keep the economy out of recession. It didn’t work. In late July, when the White House sought the power to take over Fannie Mae and Freddie … More

    Morning Bell: Trust, But E-Verify

    No matter who wins on Nov. 4, the next president will have to tackle our nation’s failed immigration policies. And thanks to a little noticed provision in the continuing resolution that Congress passed to keep the government functioning through next March, they will have to address it sooner than they … More

    Morning Bell: A Trade Free Zone

    Barack Obama has frequently called the North American Free Trade Agreement (NAFTA) “a bad deal.” During one Democratic primary debate, Obama even said he would unilaterally “use the hammer of a potential opt-out” to “renegotiate” the entire treaty. But after he secured the nomination, Obama changed his tune, admitting that … More

    Morning Bell: Bring Honesty Back to War Funding

    When Treasury Secretary Henry Paulson first announced his $700 billion Wall Street rescue plan, Sen. Chuck Schumer (D-NY) promised: “We will not Christmas-tree this bill. The times are too urgent. Everyone has their own desires and needs. It’s going to have to wait.” So how did Congress live up to … More

    Morning Bell: Who Will Defend Free Markets?

    If you thought passage of last week’s $700 billion Wall Street bailout meant Congress would get out of Washington, you’re not that lucky. Determined to pin the credit crunch on free markets, Chairman Henry Waxman (D-CA) has announced a whole month’s worth of hearings in the House Oversight and Government … More

    Morning Bell: Bailout's Precedent Requires Vigilance

    According to the best sources on Capitol Hill, opposition to the financial rescue plan is wilting. This is good news for the American people. Action to address the credit crunch is urgently needed and both the addition of raising the FDIC insured funds cap to $250,000 and the SEC’s mark-to-market … More

    Morning Bell: Economy Needs Natural Resource Development Now

    Last night the Senate passed a $700 billion rescue for the credit crunch that is beginning to hurt small businesses. The House is set to vote tomorrow on the package and the new FDIC fixes, which will likely win enough votes for final passage. But the plan is hardly a … More

    Morning Bell: Preventing the Biggest Bailout of All

    The bailout parade is continuing unabated in Washington this week. On the heels of a $25 billion bailout for the automotive industry, the Bush Administration agreed yesterday to a $4.3 billion bailout of Massachusetts’ out of control health care spending. Apparently when numbers like $700 billion are being thrown around, … More

    Morning Bell: A Financial Crisis of Government's Making

    Campaigning in Colorado yesterday Barack Obama blamed the financial crisis on “a culture of deregulation.” No, we don’t know what this means either. Pressed for specifics, some on the left manage to identify the 1999 Gramm-Leach-Bliley law as the deregulation source for all our problems. But as we have detailed … More

    Morning Bell: Vital and Acceptable

    The $700 billion financial rescue that the House will vote on today is a significant improvement over the drafts released last Friday, and the Friday before that. According to the Congressional Budget Office, the plan will eventually cost “substantially less” than the oft-quoted amount of $700 billion, and it even … More