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    Video: Why The Tea Party Is Great For America

    On Sunday’s “Meet the Press,” Chuck Todd discussed an NBC poll that shows 70% of Americans say government isn’t working and commented that because of the “Tea Party crowd,” Republicans can no longer “go home and sell a piece of of pork that they got from Washington.” That’s a good … More

    Cap and Handout: How Corporate Welfare Cost Consumers More

    In order to get the Waxman Markey cap and trade bill through the House Energy and Commerce Committee, handouts had to be given. The basic idea behind cap and trade is to put a price on allowances, or the right to emit carbon dioxide. President Obama’s budget proposal suggested a … More

    Cap and Trade Quote of the Day

    From the Washington Post’s Steven Pearlstein: The other thing to say about it is that it is a badly flawed piece of public policy. It is so broad in its reach and complex in its details that it would be difficult to implement even in Sweden, let alone in a … More

    Renewable Energy: The Road Less Traveled for a Reason

    President Obama has been touting green energy investment and green jobs since his campaign trail, but he really kicked it into another gear once the economy tanked, calling the green stimulus a cure to the recession and to climate change. During his push for stimulus bill support, President Obama said … More

    Economy Puts the Brakes on Hybrid Sales despite Government Pushing Pedal to the Metal

    Government mandates, preferences and subsidies don’t work. Here’s another example. When gas prices hit record levels over the summer, companies were furiously pumping out oil to meet surging global demand. As the economy took a turn for the worse and demand slowed, there was a noticeable lag as companies continued … More

    The Stimulus, Energy Loan Guarantees, and Opportunity

    Congressional conferees reportedly stripped the $50 billion energy loan guarantee authorization from the final version of the stimulus package. Although most emissions-free sources would have been eligible for the program, removing it disproportionately affects large capital projects like nuclear energy. While this is viewed as a set-back from many in … More

    What will $10 billion Get You? A Lot of Nuclear Energy

    From Reuters: China has started building a new nuclear power plant in the southern Chinese province of Guangdong, the second of three Beijing aimed to begin constructing in the final two months of the year. The 70 billion yuan ($10.2 billion) Yangjiang plant, in Yangjiang City, will have six units … More

    Wind Suppliers are Paying People to Take Their Energy.

    Yes, you did read that title correctly, and no, it is not a joke. This is what happens when wasteful subsidies distort the market: In the first half of 2008, prices were below zero nearly 20 percent of the time. During March, when negative prices were most frequent, prices were … More

    Want to Cut Government Waste? Here's a Place to Start

    John McCain made a point of mentioning Citizens Against Government Waste during all three presidential debate. He cited the National Taxpayers Union in the last two. Today both organizations responded with a list of government waste that’s just waiting to be cut. NTU’s research arm, the National Taxpayers Union Foundation, … More

    Subsidies Distort the Market

    There’s a lot of finger-pointing going on as to who’s to blame for the extraordinarily high oil prices. The primary targets are big oil and speculators and both are unlikely to be true (see here for speculators and here for big oil). Another target, rising demands from rapidly developing countries … More