The Institute for Economic Affairs, the prestigious British think-tank, has released a comprehensive, two hundred page long, study of the causes of the financial crash. Its conclusion is that “Government failure had a leading role in creating the conditions that led to the crash.” As the IEA sums it up, …
Last week, British Chancellor of the Exchequer Alistair Darling presented the budget for 2009-10. The news for Britain’s hard-pressed armed forces was grim. Labour’s record is already a terrible one. Under the guidance of Gordon Brown, first as Chancellor of the Exchequer and now as Prime Minister, the forces have …
A wonderful story from Britain illustrates all the problems with the over-active, snooping state. First, the facts. The Broadland District Council in Norfolk hired a plane equipped with a thermal imaging system to fly over local towns at night to spot the ‘hottest’ buildings. Initially, the plane was only going …
The credit crunch is hitting Washington, DC, as Uncle Sam maxes out his credit cards. In addition to the enormously costly Obama budget, all the multi-trillion dollar bailouts, stimulus, and government expansion plans depend on one thing—the ability of the U.S. government to get money and spend it. Uncle Sam …
President Obama’s administration just can’t leave well enough alone. First, it couldn’t manage to be respectful to Gordon Brown, the Prime Minister of Great Britain, during his visit. When a State Department official responsible for planning the visit was questioned about this by the Sunday Telegraph, the official’s response was: …
Three weeks ago, Washington and the world were contemplating British Prime Minister Gordon Brown’s ‘Global New Deal,’ and expectations were rising that the G-20 summit in London on April 2 would produce a comprehensive, job-destroying deal on global financial regulations. But inflated expectations always burst – ask the Obama administration …
