Big Government

TAXPAYERS SPEND HEAVILY ON THE G.M.’S NEW VOLT

NEW YORK TIMES July 29, 2010 G.M.’s Electric Lemon U.S. Taxpayers send $150 million to Volt’s Korean Battery Supplier By EDWARD NIEDERMEYER Portland, Ore. GENERAL MOTORS introduced America to the Chevrolet Volt at the 2007 Detroit Auto Show as a low-slung concept car that would someday be the future of motorized transportation. It would go […]

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SCHWARZENEGGER SPEAKS OUT ON CALIFORNIA FISCAL WOES

AUGUST 27, 2010 Public Pensions and Our Fiscal Future Few Californians in the private sector have $1 million in savings, but that’s effectively the retirement account they guarantee to many government employees. By ARNOLD SCHWARZENEGGER Recently some critics have accused me of bullying state employees. Headlines in California papers this month have been screaming “Gov

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THE FED CAN’T BUY PUBLIC CONFIDENCE

AUGUST 24, 2010 The Fed Can Create Money, Not Confidence Inflation—or stagflation—remains the more serious danger than deflation. By GEORGE MELLOAN A report by the Federal Reserve Bank of New York last week showed that consumers are having difficulty climbing out of the debt hole they dug for themselves before the credit bubble began to

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OBAMA ADMINISTRATION LACKS BUSINESS EXPERIENCE

HOTAIR.COM Obama’s Washington: No experience necessary August 24, 2010 by Ed Morrissey Wonder how Recovery Summer turned into Wreckovery Bummer?  How an administration ginned up its entire economic strategy into one stimulus bill and has done nothing since, even as the economy disintegrated?  Marty Robins advises his readers to check the CVs of the people

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OBAMACARE – NEW WAYS TO PUNISH FOR-PROFIT HEALTH INSURERS

AUGUST 23, 2010 ObamaCare’s Tax on Taxes The latest gambit to punish for-profit health insurers. Lately a lot of Democrats are taking the ObamaCare walk of shame, and not only those whose votes may return them to the labor market this fall. Liberals still think the bill didn’t raise taxes enough. So they’ve cooked up

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THE $4.4 TRILLION SPENDING BOOM

AUGUST 22, 2010 $4.4 Trillion That’s how much the spending baseline has increased in 31 months. Speaking last Wednesday in Columbus, Ohio, President Obama asked, “How do we, over the long term, get control of our deficit?” Good question. Here’s the answer suggested by last Thursday’s semi-annual budget summary from the Congressional Budget Office: Stop

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AUSTRALIAN ELECTION SURPRISE

AUGUST 22, 2010 Political Reversal Down Under Running an explicitly conservative campaign, Australia’s Tony Abbott has denied Labor a governing majority. By MARY KISSEL Sydney In December the smart set in the big cities here thought the Liberal Party—Australia’s traditionally conservative party—had jumped off a cliff by electing Tony Abbott opposition leader. The Liberals, opined

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WASHINGTON HAS RUN OUT OF IDEAS

Opinion: Washington’s Endangered Species Marty Robins Contributor AOL News (Aug. 23) — If Washington seems out of ideas on how to get the private-sector jobs machine running again, there’s a pretty straightforward reason — the people in government have virtually no experience in business. In a major departure from prior administrations, you’d be hard-pressed to

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VIRGINIA STOPS THE RED INK WITHOUT A TAX INCREASE

AUGUST 24, 2010 Virginia Is for Surpluses Erasing red ink without a tax increase. Here’s something you don’t see often these days: a government running a budget surplus. Governor Robert McDonnell announced last week that Virginia closed fiscal 2010 some $400 million in the black. That’s a radically improved financial picture from a year ago

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