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  • Morning Bell

    Morning Bell: The Axis of Oil

    Venezuela’s leftist leader Hugo Chavez isn’t set to arrive until tomorrow to meet with Russian Prime Minister Vladimr Putin and President Dmitry Medvedev, but two Russian media outlets are already claiming that Chavez will buy $1 billion to $2 billion worth of subs, helicopters and airplanes while in Moscow. Since … More

    Morning Bell: Going on the Offensive in Pakistan

    Earlier this week, the New York Daily News caught the Obama campaign purging their website of any evidence that Obama ever believed the surge in Iraq was not working. Obama’s new position on the surge is that there is an “improved security situation” in Iraq due to “our military’s hard … More

    Morning Bell: Seize This Opportunity

    Freddie Mac and Fannie Mae own or guarantee a combined $5 trillion worth of mortgages. To put the size of that liability into perspective, remember that total U.S. federal debt is $9.5 trillion and total U.S. gross domestic product is $14 trillion. They are simply too big to fail. The … More

    Morning Bell: Drilling to Save the Economy

    Today the U.S. has about 22 billion barrels of proven oil reserves that can be legally developed. Yesterday, President Bush lifted just one of the many roadblocks that stand between American consumers and the estimated 19.1 billion barrels of oil in the Outer Continental Shelf that are currently off-limits from … More

    Morning Bell: The Left's Crony Capitalism Exposed

    In 2004, after a tip from a whistle blower who was later fired, the Office of Federal Housing Enterprise Oversight (Ofheo) issued a report finding that the government-sponsored entity Fannie Mae had engaged in Enron-like accounting machinations that allowed Fannie to overstate its earnings and underestimate the risk the company … More

    Morning Bell: Should U.S. Citizens Be Allowed to Pick Our Next President?

    In 1996 then-Rep. Bob Dornan (R-Calif.) lost to challenger Loretta Sanchez by just 979 votes. After Dornan contested the election, the U.S. House of Representatives claiming the election had been stolen by non-citizen voting. The House eventually dismissed his challenge after the Committee on Government Reform and Oversight identified only … More

    Morning Bell: A Conservative Approach to Fixing the Housing Market

    Possibly as early as today, the Senate will vote on a housing bailout bill that has been debated for months. The vote comes on the heals of news from Wall Street that the shares of government-sponsored entities Freddie Mac and Fannie Mae have plummeted as worries about the companies’ financial … More

    Morning Bell: Central Planning Coming on Carbon

    Writing from the Aspen Ideas Festival, the Atlantic’s Megan McArdle recounts a Thomas Friedman presentation on global warming where Friedman mused “about how great it would be if we could be China for a day — have the government get in, totally reorganize the energy market, and then go forward … More

    Morning Bell: Does Not Compute

    According to the non-partisan Annenberg Political Fact Check, Sen. Barack Obama’s tax plan would increase gross tax receipts by $103.3 billion in 2011 alone. That number by itself would make it the largest single-year tax increase in American history since World War II, and measured as a percentage of gross … More

    Morning Bell: Costs and Benefits in Iraq

    Yesterday the Associated Press reported that the last major remnants of Saddam Hussein’s nuclear program had been dismantled in Iraq. This Saturday marked the end of a top secret two-week airlift of 550 metric tons of yellowcake uranium from Baghdad to a Canadian uranium producer. Also removed earlier this year … More