Government Benefits at Highest Level in Recorded History
Government benefits accounted for 16.2 percent of personal income in the first quarter of 2009 according to new figures from the Bureau of Economic Analysis…. Read More
Government benefits accounted for 16.2 percent of personal income in the first quarter of 2009 according to new figures from the Bureau of Economic Analysis…. Read More
From June 4th’s Wall Street Journal: Like a magician who artfully controls his audience’s attention, the government’s General Motors investment is all about financial diversion…. Read More
The Administration’s plan to take over General Motors certainly startled a lot of people, both in the U.S. and internationally. Now comes word that even… Read More
Ben Bernanke made an important point while testifying before the House Budget Committee: lawmakers must reduce the federal deficit and return the nation to fiscal… Read More
As a candidate, Barack Obama repeatedly pledged that no lobbyist would work in his White House. But does that policy apply to his auto companies?… Read More
Despite his many promises to the contrary, President Barack Obama has repeatedly failed to bring transparency to the federal government. That failure now continues with… Read More
Announcing the nationalization of General Motors this Monday, President Barack Obama insisted, “What we are not doing — what I have no interest in doing… Read More
Government control of General Motors is likely to throw the company into reverse gear rather than forward. By rewarding bad behavior with $50-billion, President Obama… Read More
Yesterday, after President Barack Obama again insisted he did not want to run General Motors, we questioned just how reluctant a shareholder the Obama administration… Read More
New York Times columnist Paul Krugman has truly outdone himself this time. He has managed to identify a single piece of legislation passed by President… Read More
This week the House is set to debate the “Federal Employees Paid Parental Leave Act of 2009” which would provide 4 weeks of PAID leave… Read More
In three words: Everything and nothing. Megan McCardle has more: GM’s main problem is not that the market is unreasonably unwilling to finance a potentially… Read More
Will the new majority owner of General Motors — the United States Government — take an active role in managing the firm as it struggles… Read More
Your family’s share of the national debt just got a lot bigger thanks to the recent increases in federal spending. According to an analysis by… Read More
Heritage fellow James Gattuso: Congratulations: If you are a U.S. taxpayer, you will soon be a part owner of a car company. Under the latest… Read More
Yesterday’s USA Today brought the not so surprising news that federal tax revenue has fallen drastically due to the struggling economy. The 34% decrease represents… Read More
Massive increases of spending by the Obama Administration, from the stimulus to its proposed budget, have created historically unprecedented large deficits that will push the… Read More
During yesterday’s Senate Banking committee TARP oversight hearing, Sen. Jim DeMint (R-SC) asked Treasury Secretary Tim Geithner: So it’s your understanding that you have $700… Read More
Time for practice. Time to pile into the…Toyota Prius? Maybe the Yaris. Or surely the Smart Car will do. Those are three of eleven cars… Read More
The Oldsmobile is gone, but the Obamobile is coming soon. The Obama Administration’s control over the auto industry has extended to designing our cars, as… Read More
Like the more infamous ACORN, the Neighborhood Assistance Corp. of America is another leftist group waging war on free enterprise while filling its own coffers… Read More
CBS News reports: President Obama’s call last year for “shared sacrifice” doesn’t extend to federal employees, at least based on the details of his administration’s… Read More
Media Matters has taken it upon itself to criticize our recent video highlighting the problems with the government-imposed contracts that the misnamed Employee Free Choice… Read More
I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not… Read More
Instead of emulating California, maybe we should look north. The Cato Institute notes: Long derided by American conservatives as “socialist” and praised by the left… Read More
Throughout the next two weeks, the Foundry will be highlighting some testimonials of General Motors bondholders. When President Obama describes bondholders, you get the distinct… Read More
The government handed out billions of dollars in taxpayer money for General Motors and Chrysler to save jobs and become economically viable as fast as… Read More
Kiplinger has a post up today discussing the most recent attempt to paint an amnesty as an economic stimulus. This time the focus is on… Read More
Harvard University professor Niall Ferguson writes in the New York Times: Human beings are as good at devising ex post facto explanations for big disasters… Read More
Ever since the results of the government’s stress tests were released, banks across the country have been rushing to escape from their TARP traps. Now… Read More
