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    Morning Bell: Is Obamacare Consistent With Our First Principles?

    During one of Sen. Arlen Specter’s (D-PA) early health care townhalls in Lebanon, Pennsylvania; mother of two Katy Abram told the audience: “I don’t believe this is just about health care. It’s not about TARP. It’s not about left and right. This is about the systematic dismantling of this country. I’m … More

    Is This What Passes for Economic "Success" in the Obama Administration?

    Celebrating the fact that his administration has blown through $1 billion in deficit spending on the “Cash for Clunkers” program in just one week, President Barack Obama said Friday: “I’m happy to report that it has succeeded well beyond our expectations and all expectations.” And just what exactly has the … More

    When You're In a Hole...Stop Digging: Deficit Cartoon

    Heritage’s J.D. Foster on the deficit: “President Obama talks about responsibility, but the budget deficit this year is approaching $2 trillion and the national debt is set to double in just four years. Imagine what he would deem irresponsible! Yes, he inherited a plunging economy and soaring deficit. But then … More

    Double Secret Probation

    The Obama Administration promised unprecedented transparency in its financial recovery efforts, including a gee-whiz $18 million web site, Recovery.gov. The problem is that the Administration seems addicted to secret back-channel orders to the private sector to obey, “or else”. Yesterday’s Wall Street Journal reports on a secret “memorandum of understanding” … More

    Sen. DeMint's Proposal for Patient Empowerment (Not Government Control)

    American families would receive $5,000 and individuals $2,000 to buy health insurance if their employers didn’t offer it, according to new health reform legislation introduced yesterday by U.S. Sen. Jim DeMint (R-S.C.). In addition to providing families and consumers with vouchers, the Health Care Freedom Plan also: • Expands Americans’ … More

    Obama Walks Back Promise On Keeping Your Private Insurance

    Less than 24 hours after Heritage Foundation President Ed Feulner questioned the veracity of President Obama’s persistent claim that, under his health care proposals, “if you like your insurance package you can keep it”, the White House has begun to walk the President’s claim back. Turns out he didn’t really … More

    The Fed is Part of the Problem Too

    We have long believed that the Treasury Department’s TARP interventions have become possibly the single most disruptive force in the global economy. Under the header The Beatings Will Continue Until Morale Improves, EconLog’s David Henderson flags a New York Times story suggesting that the Fed has become just as unhelpful … More

    President Needs More Diversity, Fewer Czars

    President Obama has appointed yet another czar. This time it’s a pay czar, Kenneth Feinberg, to monitor the compensation paid to seven companies currently under the opiate influence of federal bailout money. We’re long past czar fatigue. The political usefulness of a czar is that it allows the President to … More

    Obama v. Geithner on TARP Repayments: Save or Spend?

    In his statement yesterday announcing that 10 banks would be repaying $68 billion in TARP bailout funds, President Obama proudly asserted that the step would reduce the national debt: “And as this money is returned, we’ll see our national debt lessened by $68 billion — billions of dollars that this … More

    Guest Blogger: Senator Mike Johanns (R-NE)

    WHY TARP NEEDS OVERSIGHT The announcement that the government would provide $30 billion dollars more in TARP funds to General Motors in exchange for a 60 percent ownership interest in the company is unprecedented and almost unbelievable. Who ever imagined the taxpayers would wake up Monday morning and find out … More