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With Al Franken’s slow-motion win in the just-decided Minnesota race, liberalism seems permanently entrenched in Washington. “Progressives” are crowing about a 60-seat Senate majority, combined with an overwhelming majority in the House of Representatives, and the most liberal president...
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Congressional Democrats tell us that one of the reasons they supported a massive economic “stimulus” was because they had learned “the lessons of the Great Depression.” They argue that a massive government intervention at the start of the slowdown might have prevented the worst...
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In March, the United Kingdom experienced something that hadn’t happened in nearly 15 years: a bond auction failed. Failures like this are becoming more common in the developed world. So far this year debt auctions have failed not only in the U.K., but also in Germany and Latvia. These failures...
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Now that the Obama administration has taken General Motors under its wing, it’s worth wondering what the exit strategy is. How quickly will the federal government sell its stake in the company, and recover the tens of billions it has loaned GM? It would be nice to think the intervention may be...
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Barack Obama made a lot of promises during his campaign. Two of the most important ones were to get the economy moving again and to improve relations with critical international partners. But a counterproductive trade agenda has already led key trading partners to put new restrictions on U.S. imports...
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In recent years the United States has experienced a series of elections contests that have prompted Members of Congress to consider how we protect the right to vote, and the integrity of the vote. Since the year 2000, we've seen questions about Florida's Butterfly Ballot, allegations of vote...
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When Treasury Secretary Paulson took the first steps to bail out a shaky financial system last year, he essentially forced a number of banks to take money from the Troubled Asset Relief Program (TARP) – money for which they had no need or desire. Some months down the road, Treasury Secretary Geithner...
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In the current economic downturn, our leaders in Washington tell us that the top priority is to get the U.S. economy moving again. President Obama and Members of Congress say they want to encourage American firms to hire and become more productive. They want to increase take home pay for workers. If...
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Fiscal conservatives recall well one of the promises Barack Obama made while campaigning for president. In his October debate against John McCain, Obama said "actually I'm cutting more than I'm spending so that it will be a net spending cut." Looking at the spending increases Obama...