The question that President Obama ought to be asking — that we all should be asking — is this: How big a government do we want? Without anyone much noticing, our national government is on the verge of a permanent expansion that would endure long after the present economic crisis has (presumably) passed and that [...]
Congress has taken its first step toward an energy revolution, with the prospect of profound change for every household, business, industry and farm in the decades ahead.
It was late Friday when the House passed legislation that would, for the first time, require limits on pollution blamed for global warming — mainly carbon dioxide from burning [...]
On Wall and Main streets they call William Jefferson Clinton the “comeback kid,” but it’s not because of some election-day surprise.
It’s because most everything he did regarding financial services regulation has come back to haunt us.
If it wasn’t apparent before, the former president’s handiwork became clear last week when President Obama announced sweeping financial services [...]
In his speech on health care to the American Medical Association, President Obama explained why the U.S. has “failed” (yet again) to provide comprehensive reform that “covers everyone.” He had a list of the failing people, who “simply couldn’t agree” on reform: doctors, insurance companies, businesses, workers, others. And “if we’re honest,” he said (ergo, [...]
On Monday President Barack Obama’s Council of Economic Advisers released a report called “The Economic Case for Health Care Reform.” The report argues that Americans must curb their consumption of medical care in order to avoid soaring federal deficits, unsustainable burdens on family budgets, and damage to the economy. All of these claims are untrue.
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Studebaker, Nash-Kelvinator, Packard, Hudson, Stutz, Pierce-Arrow, Stanley, Checker and American Motors were once household names of the U.S. auto industry. Unlike General Motors in our time, they were not too big to fail. Despite mergers and rescue efforts by their owners, each was shut down. Their legacy lives on as classic cars, restored with erotic [...]
How could Paul Krugman, winner of the Nobel Prize in economics and author of generally excellent columns in The New York Times, get it so wrong? His column last Sunday—“Reagan Did It”—which stated that “the prime villains behind the mess we’re in were Reagan and his circle of advisers,” is perverse in shifting blame from [...]
PRESIDENT OBAMA’S SENIOR ADVISER DAVID AXELROD, TELLS CALIFORNIANS THAT “THERE’S A LIMIT TO WHAT THE GOVERNMENT CAN DO.”
All sorts of startling conclusions are being drawn about the failure of California’s ballot funding initiatives two weeks ago. Newt Gingrich hailed it as another Boston Tea Party, and New York Times columnist Paul Krugman insisted that it [...]
“This bill is the most important legislation for financial institutions in the last 50 years. It provides a long-term solution for troubled thrift institutions. … All in all, I think we hit the jackpot.” So declared Ronald Reagan in 1982, as he signed the Garn-St. Germain Depository Institutions Act.
He was, as it happened, wrong about [...]
Compromise for the sake of compromise often leads to bad public policy, and efforts to reach a compromise on the union “card check” bill fall into this category. The issue here is that unions are declining because they don’t serve the needs of today’s workers, but instead of admitting that, labor is trying to save [...]