AUGUST 31, 2010 TARP and the Continuing Problem of Toxic Assets It was a bold bet that the Treasury and Fed could engineer an economic recovery without allowing the repricing of U.S. housing stock. By ANDY KESSLER We should have eaten those toxic assets instead of sweeping them under the carpet. The Troubled Asset Relief […]
TARP AND ITS CONTINUING SAGA OF ECONOMIC WOES Read More »
AUGUST 26, 2010 The IRS Targets Incompetent Tax Preparers That’s good news. But the agency is going overboard By BRAD SHERMAN AND MICHAEL CONAWAY The IRS is out to do something nice for us by ensuring we get quality help when we hire someone to prepare our tax returns. Unfortunately, parts of this laudable effort
IRS BROADENS ITS REACH Read More »
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
TAXPAYERS SPEND HEAVILY ON THE G.M.’S NEW VOLT Read More »
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
SCHWARZENEGGER SPEAKS OUT ON CALIFORNIA FISCAL WOES Read More »
AUGUST 25, 2010 Putting the Brakes on ObamaCare How a Republican Congress could begin the process of repealing this unpopular law. By GRACE-MARIE TURNER If Republicans take control of one or both houses of Congress this fall, many will have been elected with a promise to “repeal and replace” ObamaCare. But what are their options,
HOW TO STOP OBAMACARE Read More »
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
THE FED CAN’T BUY PUBLIC CONFIDENCE Read More »
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
OBAMA ADMINISTRATION LACKS BUSINESS EXPERIENCE Read More »
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
OBAMACARE – NEW WAYS TO PUNISH FOR-PROFIT HEALTH INSURERS Read More »
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
THE $4.4 TRILLION SPENDING BOOM Read More »
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
AUSTRALIAN ELECTION SURPRISE Read More »
