There is nothing new in the fact that Canada has been held up as a model for banking reform. During the height of the crisis and in its aftermath when reform was debated, many economists were looking to where there was limited financial disruptions and Canada and, to a lesser extent, Australia were cited. In fact, among international watchdogs of the financial sector and banking, | Read More »
We have made it through the July hinterlands of primary elections and the season picks up now through September 18th when Massachusetts will hold their primary. However, there are a few interesting races that will occur in the first half of August that will set the fields for the Congressional races and of the six states holding primaries from now until August 11th, five states | Read More »
For anyone who is an opponent of corporate welfare and pork, you must surely be aware that one of the most wasteful federal programs are “farm bills.” For anyone who believes in free market solutions to problems, especially as they apply to agriculture, you must surely be aware of the 1980s reforms in New Zealand. For any opponent of farm subsidies, New Zealand is the | Read More »
Amidst the uproar over Fast and Furious and any other number of Obama Administration scandals, not to mention the numerous czars, is his green energy program. On July 16th at a rally in Cincinnati, Obama insisted that although he will not make the same mistake twice (Solyndra), he remained steadfast in commitment to green energy programs. But, as any free market expert would tell you, | Read More »
One of the biggest programs enacted under Roosevelt’s New Deal was Social Security. Since then, the system has been sacrosanct in American politics. However, Social Security as the be-all-end-all of retirement security was never the goal nor the intentions of Roosevelt. When enacted in 1935, there were about 44 working age Americans for every retiree. At that time, more than 50% of seniors were living | Read More »
Before getting into the specifics of this entry, I am a firm believer in American exceptionalism. We are “not just another country” out of many. We have been a beacon at times when the world was dark- World War II, the Cold War, a stand against Islamofascism (until Obama came along). People from around the world immigrate to our shores- sometimes legally, sometimes illegally- to | Read More »
Lost amid the news this past week with headlines filled with a nutcake on the rampage in Colorado, Bain Capital, and Mitt Romney’s tax returns is the fact that the Frank-Dodd Wall Street Reform law celebrated its second birthday. Many rightfully believe that the Affordable Care Act (a/k/a Obamacare) may be one of the most ill-conceived laws in history, and it certainly ranks up there. | Read More »
Remember 2008 and the meltdown in the financial sector? We heard the phrase “too big to fail” enter the political lexicon. It even led to a popular political movement- the Tea Party. The argument was that once the Federal government started to bail out banks with taxpayer money, it would open the spigot of federal intervention in other sectors of the economy that may not | Read More »
Most experts trace the beginnings of modern conservatism to William F. Buckley and his National Review magazine. Among other quotes, his most famous is now known as the Buckley Rule: Nominate the most conservative candidate who is electable. For conservative purists, this often creates conflicts. And there is no shortage of debate here and elsewhere about the Buckley rule. On any given day, various politicians | Read More »
It is a sad state in the world of politics that probably one of the most important elections in this Nation’s history has descended into a perception of the past. Poll after poll indicates that jobs, the economy, health care, and budget deficits are most on the minds of American voters. Instead, in Congress we are debating campaign finance reform in the non-starter DISCLOSE Act | Read More »
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