The Government is Fast Becoming an Investment Bank. Is That What We Want (Part I)

Several years ago Ezra Klein wryly called the U.S. Government “an insurance conglomerate protected by a large, standing army.” If you look at the major budget drivers, he’s right. The federal government spends vast sums of money on insurance-like items like Medicare, Medicaid and Social Security, which make up more than 40 percent of the…
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Taxpayer-Backed Green Energy Companies Pay Out Big Bonuses to Execs

President Obama’s green energy loan program has caused us some serious heartburn. It never feels good to watch tens of billions of dollars our taxpayer dollars go to dubious green energy companies simply because Obama made a speculative bet, decided to go “all in,” lost, and has been gambling wildly ever since. From Solyndra, which…
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Obama's Green Subsidies, Like Saints' Bounty System, Distorting the Market

How sadly ironic that a team called the Saints have been implicated in a scandal aimed at injuring other players. If you haven’t kept up with sports news in the past few days, New Orleans Saints’ players and coaches created a bounty system that gave monetary incentives for doing things like knocking an opposing player…
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Another One Bites the Dust – Obama's Green-Energy Gambles Still Not Paying Off

Earlier this week the nation celebrated what would have been Ronald Reagan’s 101st birthday. It reminded me of one of my favorite quotes of his, “The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops…
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Top 5 Bad Ideas from President Obama's State of the Union

If bad ideas were jobs President Obama would have just solved the unemployment crisis. Sadly, they’re not. They’re just bad ideas, which means unemployment is staying high and Republicans have their work cut out for them. Here’s our Top 5 Bad Ideas from the 2012 State of the Union, let us know what we missed…
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CBS News Identifies 11 More Solyndra's

Solyndra has come to embody everything that is wrong with government. A powerful politician, even one with the best of intentions, announces some ill-thought out plan to spend vast sums of taxpayer money to accomplish some campaign promise or far-flung dream. Understanding this to be free money, businesses line up at the opportunity. But not…
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Top 10 Democratic Blunders of 2011

After two years of controlling the White House and both chambers of Congress, Democrats took a significant hit in November 2010. Americans, tired of the nonstop spending and lack of economic progress, gave Republicans some unprecedented victories heading into the 2011 year. And while the GOPers have made significant strides in applying the brakes to…
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Obama's Green-Car Gambit the Latest Stimulus Failure

National Lampoon’s Christmas Vacation is one of my absolute favorite holiday movies. Rare is the Christmas movie that is funny without being childish and sentimental without being saccharine. In one of my favorite scenes, Clark, who wants nothing more than to have an old fashioned family Christmas, finally gets the piece of mail he’s been…
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Obama Rolls Snake Eyes With Green Gambles

“We need to deploy American assets, innovation, and technology so that we can safely and responsibly develop more energy here at home and be a leader in the global energy economy.” – The White House’s “Securing American Energy” Plan As it turns out, that statement requires a little decoding. Deploy = Redistribute American assets =…
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