Archive for March, 2008

Armey at RCP, Suderman at the Atlantic

Monday, March 31st, 2008 by Peter Suderman

FW Chairman Dick Armey has an op-ed in RCP on how John McCain should address economic issues:
That John McCain places great importance on honor and fairness is plain to see in every speech and every campaign appearance. These values have made him a strong and steadfast leader on foreign policy, but on economics, his direction […]

Congressman Dave Reichert swears off earmarks

Friday, March 28th, 2008 by Brendan Steinhauser

Rep. Dave Reichert makes a public statement swearing off earmarks for one year. Next step, we hope he will sign the FreedomWorks No Earmarks Pledge.
Thank you Congressman for taking a stand on this issue!

Just Wondering

Friday, March 28th, 2008 by Peter Suderman

Was I the only one who noticed that in Obama’s speech on financial regulation, he said:
Deregulation of the telecommunications sector, for example, fostered competition, but also contributed to massive over-investment.
And then about 5 minutes later said:
And to ensure that America stays on the cutting edge, we’ll expand broadband access…
Too much! Too […]

Another reason for the earmark moratorium

Friday, March 28th, 2008 by Brendan Steinhauser

The chief of staff for Rep. Dan Lipinski brags about bringing home the bacon for purely political purposes. This man is gloating about his corrupt practices. It’s time to put an end to the wasteful, and often corrupt, practice of earmarking.
The Chicago Sun-Times has the story about the braggart chief of staff, Jerry Hurckes.
What has […]

Footage of Hillary Clinton in Bosnia

Thursday, March 27th, 2008 by Brendan Steinhauser

Finally, someone found the REAL footage from Hillary Clinton’s trip to Bosnia.

However You Can Get It

Thursday, March 27th, 2008 by Peter Suderman

A few hours ago, Barack Obama gave a speech on financial regulation. As always, he’s a strong speaker.  But I have to take issue what some of what he said.  For example:

But the American experiment has worked in large part because we guided the market’s invisible hand with a higher principle. A free market was […]

Hand Out Across the Aisle

Thursday, March 27th, 2008 by NSwift

The Boston Herald has this heartwarming story about how earmarks can bring old friends and different political parties together.  The apparently very philanthropic Democratic Congressman Bill Delahunt secured a $1.1 million earmark for his old friend, former  Republican Congressman  Amory Houghton, to protect Houghton’s expensive waterfront home from flooding.
This suddenly makes my own gifts of […]

Has the Economy Peaked?

Thursday, March 27th, 2008 by Peter Suderman

To read the financial pages these days, you might believe that’s so. James Pethokoukis thinks not, and reminds us that we’ve heard similar sorts of gloomy forecasting before before.

Obama Backs Bailout Measures for “Unfair” Mortgages

Thursday, March 27th, 2008 by Chris Kinnan

In his economic address today, he addressed the housing markets:
Over 2 million households are at risk of foreclosure. Millions more have seen their home values plunge. Many Americans are walking away from their homes, which hurts property values for entire neighborhoods and aggravates the credit crisis. To stabilize the housing market and to help bring […]

Weak Dollar and The Myth of Cheap American Exports

Wednesday, March 26th, 2008 by Chris Kinnan

Question: Isn’t a weak dollar really good for exporting American goods?
Answer: Some people (a few manufacturing lobbyists and some politicians) argue that the cheap dollar improves American exports and that we should not overly worry about the dollar’s decline. That’s wrong. Improved export competitiveness from a weakened currency is not […]