Economy

There is a distinctly Titanic-like feel to the Obama presidency and it’s not hard to see why. The most left-wing president in modern American history has tried to force a highly interventionist, government-driven agenda that runs counter to the principles of free enterprise, individual freedom, and limited government that have made the United States...
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So when Mr. Raines says that “the cause of the financial problems for Fannie and Freddie was bad decisions, not their government sponsored status,” well, let’s just say he’s not telling the whole story. via Rewriting Fannie Mae History – WSJ.com. Share on Facebook
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In 1999, the Democratic legislature ran a reckless gamble that makes Wall Street's bankers look cautious. At the top of a bull market, they assumed their investment returns would grow at a 8.25% rate in perpetuity—equivalent to assuming that the Dow would reach 25,000 by 2009—and enacted a huge pension boon for public-safety and...
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Under current law, taxpayers who lose an argument with the IRS can generally avoid penalties by showing they tried in good faith to comply with the tax law. In a broad range of circumstances, the health-care bill would change the law to impose strict liability penalties for income-tax underpayments, meaning that taxpayers will no...
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While we clearly need health-care reform, the last thing our country needs is a massive new health-care entitlement that will create hundreds of billions of dollars of new unfunded deficits and move us much closer to a government takeover of our health-care system. Instead, we should be trying to achieve reforms by moving in...
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In the new poll, conducted July 24 to July 27, 42% called it a bad idea while 36% said it was a good idea. Among those with insurance, the proportion calling the plan a bad idea rose to 47% from 37%. The declining popularity of health-care overhaul appeared to be fueled by rising anxiety...
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The seven Blue Dogs on the Energy and Commerce Committee stormed out of a Friday meeting with their committee chairman, Henry Waxman (D-Calif.), saying Waxman had been negotiating in bad faith over a number of provisions Blue Dogs demanded be changed in the stalled healthcare bill. “I’ve been lied to,” Blue Dog Coalition Co-Chairman...
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Here’s a good common sense email going around… THE JOB – URINE TEST Like a lot of folks in this state, I have a job. I work, they pay  me.. I pay my taxes and the government distributes my taxes as it sees fit. In order to get that paycheck, I am required to...
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