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    Tax Break for the Trial Lawyers: A Bad Idea

    Do the nation’s trial lawyers deserve a taxpayer bailout? That’s what they’re after: a special-interest tax break of $1.6 billion. In fact, after Congress refused to consider giving them that break, they are now trying to get it from the Treasury Department. In order to bestow that gift, though, the … More

    PLA Threatens Chinese Economy

    China’s People’s Liberation Army (PLA) this month has been trying to threaten the U.S. economically. However, their plan could actually harm China, not America. Many, many Chinese see reunification with Taiwan as a deep emotional issue. But much of the PLA sees it as a way to pad the military budget. Any attention … More

    The Obama-Frank Systemic Risk Plan: Some Good and a Lot of Bad

    The Treasury Department and House Financial Services Committee Chairman Barney Frank have just released a highly complex 253 page draft bill that is supposed to deal with questions ranging from indentifying and dealing with systemic risk facing the financial services system, regulating and closing failing “too big to fail” financial … More

    Obama's Battle of the Bulging Deficit

    “We’ll Need To Raise Taxes Soon” opines Roger Altman, a former Deputy Treasury Secretary under President Clinton, in a Wall Street Journal editorial today. Of course, he comes to this conclusion because deficits are high, excessive entitlement spending continues to darken the budget outlook, and, well, that’s the solution he … More

    Will Washington Follow in Sacramento’s Footsteps?

    The federal government’s bailout parade wasn’t enough to save California this week. In a move that drew praise from some conservative quarters, President Obama refused to send federal aid to the Golden State. California had asked the Treasury Department to help with its $24 billion deficit. But rather than open … More

    Don't Just Do Something, Stand There

    The Department of the Treasury has again declined to label China a currency manipulator. This will ruffle some feathers on the Congress, labor groups, certain industries, and some plain ol’ regular Americans. Those with ruffled feathers can make good points but Treasury is still right to have done nothing. There … More