FreedomTalks

I think George Will hits pretty much exactly the right note today in his column on sovereign wealth funds.
Many countries exporting oil, toys or underwear to America are running trade surpluses. These countries need to do something with their dollars — it is better that they invest them than buy weapons with them — [...]

The Wall Street Journal points out how the stimulus package recently negotiated between Bush and Democratic leadership in the House will quickly be used against Bush’s tax cuts:
Let’s hope Republicans appreciate the irony, because no doubt Democrats do. By signing on to a bigger deficit for the sake of election-year stimulus, Mr. Bush is making [...]

The New Republic has just published a very strong article opposing Hillary Clinton’s proposal to address anxieties in the subprime market by freezing the initial, low teaser rates on adjustable rate mortgages, calling it “disastrous” and “a blunt tool applied too broadly to problems that are, in principle, contained and specific.”

As with most offers that [...]

Over the American Spectator, Jim Antle is none too happy with the new budget:
President Bush is sending Congress the first $3 trillion federal budget. This is not many years after proposing the first $2 trillion budget. We passed the $1 trillion mark for the first time back in 1987.
Boy, it’s a good thing we have Republican presidents [...]

This is simply an amazing admission from the former president and first-lady hopeful Bill Clinton. Hat tip to ABC News.
We just have to slow down our economy and cut back our greenhouse gas emissions ’cause we have to save the planet for our grandchildren.
Well, at least someone on the left is admitting that carbon taxes [...]

Always good to know that, in Congress, the secret to making any plan better is to spend even more taxpayer money on it. What’s a few billion dollars (before interest) between Congressmen?

Whenever the issue of tax cuts gets brought up, a common complaint is that many tax cuts “only benefit the rich,” and that the rich don’t pay their fair share. Typically, of course, there are no statistics to back this up. If there were, I think it would be a tougher argument to [...]

I’m busy working on some other projects, so posting may be light again today, but in the meantime, I’ve got an op-ed on the stimulus package in today’s American Spectator:
Ah, bipartisanship. What would Washington be without it? It’s a lovely word that gives politicians the opportunity to link arms and claim [...]

Over at Reason, Steve Chapman has a devastating piece on the stimulus package. The whole thing is worth a read, but this passage is especially worth noting:
The alleged problem is a recession. From the sounds of panic, you would assume we are already in a deep downturn. In fact, that does not appear to be [...]

The New York Times has an article up today reporting on how various stripes of economist view the just-announced fiscal stimulus package.  What’s notable is that, though the critiques of the package differ wildly, nearly everyone agrees that what the package, as proposed by the House, is a political effort — not a substantive policy [...]