Economic Freedom Fighters Must Unite
Posted in Main Blog (All Posts) on October 29th, 2009 4:30 am by HL
Economic Freedom Fighters Must Unite
Larry Kudlow, RealClearMarkets
It must be something in the water. The ruling Democrats know their tax-hiking, re-regulating, and big-spending policies have failed to rejuvenate job-creation or reduce the unemployment rate. And yet they persist in trying more of the same.A recent New York Times editorial acknowledges that the economy is weak, but it pleads for yet another federal stimulus package. The Times editors want another round of unemployment benefits (this would be the third) to subsidize non-work welfarism. They also want more federal spending on state Medicaid — an area that already has been showered with federal…
The Myth of Too Big to Fail
Tim Fernholz, American Prospect
(AP Photo / Manuel Balce Ceneta)Amid last fall's financial chaos, executives from Wachovia, at the time the fourth-largest commercial bank in the country, had bad news for their regulators: They were broke. Federal officials deliberated and decided Wachovia was so important to the economy that the government had to save it. It was only the latest in a series of financial institutions that regulators had deemed "too big to fail." In the preceding months, the government had bailed out Fannie Mae, Freddie Mac, and Bear Stearns, and Congress had passed the controversial…
Corzine’s Money Fuels His Comeback
Margolin and Heinin, Star-Ledger
Obama Says No Rush on Afghanistan. There Should Be
Iain Martin, WSJ
