Detroit Still Not Serious About Getting Its House in Order

Detroit’s bankruptcy was created by decades of fiscal irresponsibility. Politicians ruined the economy with high taxes to finance their lavish spending and depleted the tax base. Given this track record, you would think the city would take a more responsible stance during its bankruptcy process. As CF&P President Andrew Quinlan highlighted in a: recent op-ed for […]

 

Election Means More Cronyism, Attacks on Coal

Following President Obama’s reelection, coal stocks took a hit in anticipation of an acceleration in his war on coal. Lining up against coal as well is the natural gas industry, which has cozied up to both the administration and environmental groups in an effort to knee-cap its energy competition: Public outrage at cronyism and corporate […]

 

Why Obama is Wrong to Brag About the Auto Bailout

In last night’s debate, President Obama once again bragged about pouring:  taxpayer dollars into GM and Chrysler, while chastising Mitt Romney for wanting to “let Detroit go bankrupt.” Presuming that Detroit in this context refers to the auto companies that received a bailout, this charge makes no sense. They did go bankrupt. The problem, as […]

 



History Reveals Obama’s Radical Second Term Agenda

During his convention speech accepting renomination, President Obama didn’t offer much in the way of policy specifics. Charles Krauthammer described it as “one of the emptiest speeches [he] had ever heard,” and then in a devastating critique observed: “At least Romney had a five point plan. What we heard from Obama was a vision. And […]

 

The Other Problem of Dependence

A lot has been said about the growing dependence of American citizens on the federal government, including in this great CF&P Economics 101 video narrated by Emily O’Neill. But there’s another kind of growing dependence about which we need to be concerned, and that’s the degree to which states are being made dependent on the […]

 


Obama Wants Government in Charge of Internet Privacy

The Obama administration recently announced an effort to regulate internet privacy. The plan, labeled a “consumer privacy bill of rights” and ostensibly voluntary, seeks to put federal bureaucrats in charge of enforcing the privacy standards of internet companies such as Google and Facebook. Using his go-to rhetoric when looking to expand government powers, the President […]

 

NLRB Drops Boeing Complaint, Damage Done

The National Labor Relations Board, which once targeted a dead CEO for union infractions, has dropped its frivolous challenge against Boeing’s plan to open a plant in South Carolina, a right-to-work state. All’s well that ends well, right? Unfortunately, no. Despite the withdrawn complaint, the damage has been done. The NLRB only dropped its case […]

 

Can One Want to Follow Even An Imperfect Constitution?

Politico reporter Reid Epstein is vexed by Republican presidential candidates who promote constitutional fidelity, but yet also call for amending the document: To hear the Republican presidential candidates tell it, the U.S. Constitution is the guiding light of democracy, a bedrock document so perfect and precise that it shouldn’t be challenged, interpreted or besmirched by […]

 


How’s That Constitutional Rule Working Out?

When the new Congress took office, they instituted a rule requiring newly introduced legislation to cite Constitutional authority. So what has been the result? Not surprisingly, a significant number fail to properly identify specific Constitutional authority for legislative action. Research by the Republican Study Committee found that: 3 bills cite only the Preamble to the […]

 

We Don’t Need an Investor-in-Chief

How was anything ever invented before government started “investing” in new technologies? One wonders these things, given the seriousness with which Keynesians seem to believe that if they don’t choose the economic winners and then throw large sums of money at them – other people’s money, of course – then there will be no innovation […]

 


Obama’s Department of Injustice Targets Popular Republican Governor

Eric Holder’s DoJ is not interested in prosecuting the Black Panthers, but they are pulling out the stops to take out a rising star in the Republican Party – Louisiana Governor Bobby Jindal. The legal harassment is ostensibly to enforce “voting laws,” but political motivations are evident. From The Washington Examiner: Attorney General Eric Holder’s […]

 


Do Not Fear the Chinese Economy

Hand-wringing over Chinese economic growth is both common and bipartisan. Commentators and politicians from the left and right alike find something fearsome in the rise of China as an economic force to be reckoned with. From Paul Krugman to Pat Buchanan, we are told to be concerned. Be very concerned. But these concerns are almost […]

 

Spending and Deficits

Suddenly the likes of Bernie Sanders care about the debt. Republicans, he and the angry left claim, are being hypocritical by not raising taxes.:  This is nonsense. Keeping tax rates the same is not, as he claims, adding anything to the debt. Sure, Republicans have agreed to Obama’s costly extension of unemployment insurance, but that’s […]

 

Be Weary of Politicians With a Sudden Change of Heart

I was quite disappointed in 2006 when Republicans slipped the Unlawful Internet Gambling Enforcement Act into the unrelated SAFE Port Act (yet that isn’t stopping them from hypocritically attacking others for possibly using the same method to undo it), thus passing the liberty-reducing legislation without significant notice at the time. Government has no business reaching […]

 


John Stewart’s Speech Served Conservative Ends

It’s easy to be critical of the attendees at the recent Stewart/Colbert non-political but political non-rally rally, and for good reason. As a group, they are hard to take seriously.:  Egged on by Stewart’s Daily Show, they routinely confuse conviction for extremism, and the possession of neither information nor principles with moderation.:  Most of them […]

 



Free Labor For Me, But Not For Thee

Government bureaucrats think it is their business to prevent individuals from entering voluntary contracts with companies or organizations if the level of compensation does not meet some arbitrary threshold. Congress has used minimum wage laws to prevent certain arrangements, while the Department of Justice has a set of rules detailing when unpaid internships are considered […]

 

Cramer Wrong on Death Tax

On his Mad Money program, Jim Cramer recently listed 8 items to get the economy moving.:  He was dead wrong to include a retroactive reinstatement of the death tax in the list. For the sake of argument, I’ll pretend like he didn’t contradict himself by also calling for a freeze on the Bush tax cuts […]

 

Report Sheds Light on Incestuous Taxpayer-Funded Lobbying

Illinois, like many states, is broke. Its credit is even worse than that of California and its highly publicized financial quagmire.:  In such a fiscal environment, taxpayers are rightfully demanding that governments tighten up and are increasingly zealous about ensuring that money is spent productively. One way in which they may be surprised to find […]

 

Don’t Burn The Qur’an, Read It

Way too much coverage has been given to some pastor of a tiny Gainesville church just because he plans to burn the Qur’an on 9/11.:  While I have no objection to the content of that coverage, which has consisted of near universal condemnation, it’s not surprising to me at all that protecting Muslim sensibilities seems […]