440 Phantom Congressional Districts Get $6.4 Billion According to Recovery.gov
The government’s Web site that is supposed to tell taxpayers how their stimulus dollars are being spent, and which spends $84 million per year to… Read More
The government’s Web site that is supposed to tell taxpayers how their stimulus dollars are being spent, and which spends $84 million per year to… Read More
As we reported last week, 2009 will mark the first time ever in American history that the majority of union members work for federal, state,… Read More
Not very often is losing $1.2 billion good news but that’s the way General Motors is spinning its third quarter earnings report. GM claims its… Read More
Don’t look now, but there’s no independent Inspector General at the Federal Housing Finance Agency — which is responsible for overseeing federally-run finance giants Fannie… Read More
President Obama’s trip to Asia this week comes at a critical economic time for American workers. With unemployment eclipsing 10 percent, it’s clear that the… Read More
Congress soon will seal the fate of federal death taxes. If Congress acts by doing nothing, then the federal tax rate on estates will fall… Read More
Have an idea but strapped for cash? Not sure if the idea is going to pan out? That’s all right, just ask the government for… Read More
The Wall Street Journal reports: The Obama administration, under pressure to show it is serious about tackling the budget deficit, is seizing on an unusual… Read More
Congress will take up debate on the dreaded Death Tax once again in the coming weeks. It will do so because the Death Tax expires… Read More
When President Barack Obama was pitching his $787 billion economic stimulus package, the White House produced a report claiming their plan would keep unemployment under… Read More
As the economy sputters and falters the questions coming up time and again are: What should Obama do? What can Congress do? They’ve tried spending… Read More
The Department of Labor announced today the economy shed another 190 thousand jobs in October, pushing the unemployment rate to 10.2 percent and the running… Read More
Confusing times lead to conflicting concerns. Worries over current deflation run into worries about explosive inflation down the road and now there are growing worries… Read More
The Washington Post reports: The Senate voted Wednesday to renew the government’s $8,000 tax credit for first-time home buyers through the first six months of… Read More
Nolan Finley at The Detroit News reports: Workers in Barack Obama’s new economic order fall into two categories — those who are worthy of the… Read More
The failure of the stimulus package to create jobs and generate economic growth becomes more apparent each day – despite preposterous claims from the White… Read More
Sunday, CIT Group, with $71 billion in assets one of the largest small business lenders in the country and the recipient last December of $2.3… Read More
Lawrence Summers, the Director of the White House National Economic Commission recently committed an unpardonable sin – he revealed two unpleasant truths in a single… Read More
It is all too common for members of Congress to recognize the problem with entitlement spending, talk about it, but then decide to kick the… Read More
Three years ago the U.S. finished negotiating a free trade agreement (FTA) with Colombia that would have given American businesses reciprocal access to the Colombian… Read More
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… Read More
The Wall Street Journal reports: GMAC Financial Services Inc. and the Treasury Department are in advanced talks to prop up the lender with its third… Read More
Last night on The Ed Show, Rep. Barney Frank (D-MA) debated Ralph Nader. Honesty ensued. Watch: [youtube]http://www.youtube.com/watch?v=uXPwr-MxvDQ[/youtube]
Two House committees this week approved derivatives legislation that composes a significant part of the Obama Administration’s Financial Services reform plan. Remarkably, for a plan… Read More
Obama promised that the stimulus would “create or save” 3.5 million jobs, and significantly tempter the rising unemployment rate. Now that it is clear that… Read More
Not only do government wage controls not work, they usually backfire. Perhaps worse, like a lot of ill-conceived government schemes, they often punish the wrong… Read More
CNBC reported on Obama’s Pay Czar earlier this week: Under the plan, which will be announced in the next few days by the Treasury Department,… Read More
In mid-February, President Obama signed the massive $787 billion stimulus bill into law. According to the Bureau of Labor Statistics, a net of 3.6 million… Read More
Last week President Barack Obama announced he wants to give every Social Security recipient a $250 payment to make up for the fact that they… Read More
At Marginal Revolution George Mason University economics professor Alex Tabarrok comments on Obama administration’s pay czar Kenneth Feinberg’s decision to cut bailed out firm executive… Read More
