Posted by Alan Reynolds on July 30, 2010
By Alan Reynolds
From January 2009 to the present, President Obama and his team have repeatedly made grandiose claims about the economic benefits of shoveling money at shovel-ready projects or green jobs. “It is largely thanks to the Recovery Act that a second Depression is no longer a possibility,” said the President. He also claimed that lavish spending [...]
Categories: Politics, Tax and Budget Policy |
Tags: Federal Reserve, federal spending, Finance, Banking & Monetary Policy, GDP, gdp growth, Government and Politics, recession, stimulus bill, unemployment rate | 
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Posted by Daniel J. Mitchell on July 30, 2010
By Daniel J. Mitchell
Writing in the Wall Street Journal, Peter Ferrara of the Institute for Policy Innovation explains that Washington budget deals don’t work because politicians never follow through on promised spending cuts. This is a very relevant argument, since President Obama’s so-called Deficit Reduction Commission supposedly is considering a deal featuring $3 of spending cuts for every [...]
Categories: Politics, Tax and Budget Policy |
Tags: Baseline Budgeting, big government, Budget Deals, Budget Gimmicks, Budget Summits, Current Services Budgeting, Government and Politics, government spending, higher taxes, tax increases | No Comments »
Posted by Daniel J. Mitchell on July 29, 2010
By Daniel J. Mitchell
The “appearance of impropriety” is often considered the Washington standard for corruption and misbehavior. With that in mind, alarm bells began ringing in my head when I read this Washington Times report about Jacob Lew, Obama’s nominee to head the Office of Management and Budget. A snippet:
President Obama’s choice to be the government’s chief budget officer [...]
Categories: Politics, Tax and Budget Policy |
Tags: Beltway Elite, big government, corruption, Finance, Banking & Monetary Policy, Government and Politics, government intervention, government spending, Health, Welfare & Entitlements, lobbying, Political Philosophy, regulation, Regulatory Studies, Sleaze, taxation, Washington Insiders | No Comments »
Posted by Ilya Shapiro on July 29, 2010
By Ilya Shapiro
The Institute for Justice has launched a new economic liberties program called “The Power of One Entrepreneur.” They have five detailed reports produced by successful local writers, highlighting five individual entrepreneurs.
The power of one entrepreneur, the reports explain, is the key to helping our nation recover from this economic slump and to restoring our inner cities and countless lives through honest [...]
Categories: Politics |
Tags: entrepreneurship, Government and Politics, Institute for Justice, Law and Civil Liberties, Regulatory Studies, the right to earn an honest living | No Comments »
Posted by Ilya Shapiro on July 28, 2010
By Ilya Shapiro
The ruling demonstrates the problems the federal government creates when it fails to either enforce or reform our immigration laws. Judge Bolton’s hyper-technical decision — anybody who tells you this case was black-and-white isn’t a serious lawyer — got it half-right: She correctly upheld most of SB 1070 and correctly struck down two sections of SB [...]
Categories: Politics |
Tags: doj, Government and Politics, Immigration, Law and Civil Liberties, preemption, SB 1070, Trade and Immigration | No Comments »
Posted by John Samples on July 28, 2010
By John Samples
The DISCLOSE Act, as expected, failed on a cloture vote yesterday. Let’s review why it failed as a matter of politics:
The Democrats have majorities in both chambers of Congress. Many members of those majorities were concerned that Citizens United would lead to political speech that lessened their chances of re-election. The DISCLOSE Act was an [...]
Categories: Politics |
Tags: disclose act, Government and Politics | No Comments »
Posted by Daniel J. Mitchell on July 28, 2010
By Daniel J. Mitchell
Free markets are characterized by voluntary exchange between buyers and sellers. Mapping that relationship is absurdly simply, as this image indicates.
Indeed, the only reason I even bothered to include that image was for purposes of comparison. Here is a new flowchart prepared for the Joint Economic Committee showing the healthcare system under Obamacare.
It’s worth noting, [...]
Categories: Politics, Tax and Budget Policy |
Tags: free markets, Government and Politics, government intervention, Government-run healthcare, Health, health reform, Health, Welfare & Entitlements, Obamacare, Third-party payer, voluntary exchange, Welfare & Entitlements | No Comments »
Posted by Ilya Shapiro on July 28, 2010
By Ilya Shapiro
In an apparent attempt to simultaneously slander the Tea Party movement and preempt some of the themes the Republican Party will run on come Labor Day, the Democratic National Committee is announcing today the “Republican Tea Party Contract on America.” Echoing Newt Gingrich’s 1994 “Contract with America,” the faux manifesto contains the following ten points:
Repeal [...]
Categories: Politics |
Tags: contract on america, contract with america, dnc, General, Government and Politics, RNC | No Comments »
