This week, Heritage senior fellow J.D. Foster squares off with American Prospect’s Robert Kuttner over how Congress should address the economy next in The Los… Read More
The 2009 Defense Authorization Bill passed by Congress last week, only authorizes the Air Force the funds needed to keep 317,050 airmen in uniform. This… Read More
Campaigning in Colorado yesterday Barack Obama blamed the financial crisis on “a culture of deregulation.” No, we don’t know what this means either. Pressed for… Read More
The Volokh Conspiracy‘s David Bernstein did not believe John McCain did an adequate job explaining his concern with earmarks during last Friday’s Presidential debate. Bernstein… Read More
Former Attorney General Ed Meese and Heritage ‘s Dr. Stuart Butler make their case for a financial rescue plan: While there are those in Congress… Read More
At the Presidential debate Friday in Oxford, Mississippi, John McCain emphasized “how tough that terrain is” on the Pakistan Afghan border, and that “we have… Read More
The $700 billion financial rescue that the House will vote on today is a significant improvement over the drafts released last Friday, and the Friday… Read More
By popular demand we are posting the text of the provision in the House bailout bill that requires Treasury to divert 20% of all profits… Read More
After Secretary Paulson released his first bailout draft, we enumerated some threshold constitutional issues that the proposed legislation failed to pass. The latest House bailout… Read More
It is only fair for taxpayers to expect to benefit if hundreds of billions of dollars of their money is used to purchase poor quality… Read More
Leaders of the liberal majorities in the House and Senate yesterday tried to claim they had completed a deal with the White House to address… Read More
In the previous post we enumerated what any financial clean up legislation must have to earn conservative support. But as important as federal action is,… Read More
Democrats on Capitol Hill are claiming they have reached a deal with President Bush on a plan to cleanse the financial system of bad housing-related… Read More
According to Rasmussen Reports only 30% of Americans currently support a government clean up of the financial system. The reason why? 50% of Americans “say… Read More
Today The New York Times reports that depositors in Hong Kong are lining up to pull their deposits from their local banks due to Wall… Read More
Politico‘s Ryan Grim says he used to work for the Marijuana Policy Project. He really should lay off the mind altering substances before he attempts… Read More
Yesterday before the Joint Economic Committee, Federal Reserve Chairman Ben Bernanke made a clear case as to why federal action is needed: home mortgages and… Read More
Freakonomics co-author Stephen Dubner picked up on some of the conclusions in our recent study “Who Serves in the U.S. Military? The Demographics of Enlisted… Read More
The Senate Foreign Relations Committee voted 19-2 in favor of the U.S.-India civil nuclear cooperation agreement. Doubly impressive the committee adopted the agreement without a… Read More
There is no doubt that past government intervention in the market, particularly by Fannie Mae and Freddie Mac, is largely to blame for the current… Read More
Anyone who tries to explain the Wall Street crisis in a single sound-bite is foolish…or worse. But House Democratic Leaders have found a culprit they… Read More
The current financial turmoil has changed Wall Street as we knew it forever. Seven decades worth of cumbersome, outdated, and harmful regulation will have to… Read More
Coal supplies almost half of our nation’s electricity and more than 20% of our nation’s total energy consumption. Without coal our entire economy would crumble…. Read More
This morning we highlighted just the worst policy proposal liberals in Congress are trying to attach to the financial bailout plan. But Sen. Chris Dodd’s… Read More
Former Comptroller General of the United States and Fiscal Wake-Up Tour star David Walker outlines how our impending entitlement crisis parallels the current subprime mortgage… Read More
The $700 billion that Treasury Secretary Hank Paulson is requesting from Congress to restore liquidity in the financial markets is a breathtaking sum of money…. Read More
So much has happened in just the past week, but our analysts are on top of the situation. Here is what Heritage has so far… Read More
Yes financial markets are in turmoil right now. But as Dr. Mark Perry of Carpe Diem reminds us, the last 30 years has witnessed an… Read More
It has become an article of faith on the left that the 1999 Gramm-Leach-Bliley Act is to blame for the current crisis on Wall Street…. Read More
As a general principle, conservatives believe government should not intervene to protect those who have made poor business decisions — even if those decisions have… Read More
