The Washington Post reports: The Senate voted Wednesday to renew the government’s $8,000 tax credit for first-time home buyers through the first six months of next year as part of a broader bill designed to extend unemployment benefits. Heritage fellow Ronald Utt explains why this is terrible public policy: Under …
Nancy Pelosi has unveiled the new health care bill in the House after merging together three different versions of legislation. To appease moderate Blue Dog Democrats and to meet President Obama’s oft-stated promise that reform wouldn’t cost more than $900 billion in the first ten years, Speaker Pelosi sought to …
The Wall Street Journal reports: GMAC Financial Services Inc. and the Treasury Department are in advanced talks to prop up the lender with its third helping of taxpayer money, people familiar with the matter said. The U.S. government is likely to inject $2.8 billion to $5.6 billion of capital into …
On Monday the Senate Finance Committee unveiled the legislative text of S. 1796 — dubbed “America’s Healthy Future Act” — revealing to fans of legislative “bloatware” a new one for the record book! Not only does this latest entry in the Congress League’s 111th season “monster bill” competition outstrip all …
Obama promised that the stimulus would “create or save” 3.5 million jobs, and significantly tempter the rising unemployment rate. Now that it is clear that his plan has failed to save or create jobs, and unemployment is still rising, Democrats are reaching out to small business. “Small business is the …
Last week President Barack Obama announced he wants to give every Social Security recipient a $250 payment to make up for the fact that they will not get a cost-of-living adjustment (COLA). The Washington Post describes this as a one-time payment. They are wrong. George Will explains: “This is the …
Rep. Carol Shea-Porter (D-NH) on WMUR last night: “I know that it has created some jobs but clearly but clearly not what we were anticipating.” [youtube]http://www.youtube.com/watch?v=z_Nu6TlbfME[/youtube] You don’t say:
Yesterday the Washington Post reported: Federal economic recovery aid has created or saved 250,000 education jobs, the Obama administration announced Monday, although states and school systems continue to face enormous fiscal pressures. But earlier this year Vice President Joe Biden told the Brookings Institution: Two hundred days ago, President Obama …
