Current Issues

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When rent-seeking corporations get cut loose by government

Tim Carney, author of Obamanomics, wonders how BP can be a symbol of capitalism when the company’s lobbyists have pushed for more regulation, subsidies and handouts from Congress: Now that BP’s oil rig has caused…


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Obama silent on Gaza conflict

Why hasn’t Barack Obama said anything about the conflict in Gaza?: As the clock ticks down to Barack Obama’s inauguration, the US president-elect has kept silent on the decades-old Israeli-Palestinian conflict and its latest deadly…


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Cato on the auto bailout

The Cato Institute has put together a great video against the auto bailout:


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Congressman wants UAW head as “car czar”

I mentioned the “car czar” that would be part of a bailout of automakers. Nevermind that the whole idea of a bailout is a bad idea, but Rep. John Conyers (D-MI) wants a wolf to…


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Automakers spend millions on lobbying

Forget flying in on a private jet, this is outrageous: As Congress mulls over a bailout for U.S. automakers, some may be thinking about more than jobs and the economy. The auto industry spent nearly…


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Governors ask for bailout

Governors want a bailout for state budgets: U.S. governors will ask that any federal stimulus plan for the states include as much as $100 billion in aid to help cover the swelling costs of social…


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Automakers want $34 billion

The big three were back in Washington today to ask for more taxpayer money. If you’ll recall, taxpayers have already been forced to give them $25 billion: The Big Three automakers formally submitted their financial…


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Auto bailout vote could come tomorrow

The Senate could vote on a bailout for the auto industry as early as tomorrow, but it doesn’t look like they’ll have the votes: The Senate is slated to vote as early as Thursday on…


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Learning from the past

In order to avoid a depression, we need to learn from mistakes of the past: A groundbreaking study by UCLA economists Harold Cole and Lee Ohanian demonstrates that President Franklin D. Roosevelt’s excessively pro-labor, anti-competitive…


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Russia/Georgia Conflict

I am still digesting this conflict between Georgia and Russia, but it doesn’t look good. We are, of course, knee deep in it by assisting Georgia and telling Russia to pull back, essentially criticizing the…