Category: Economics & Tax Policy

Tough call on Fannie, Freddie bonuses

On Tuesday, the House Financial Services Committee passed, by a 52-4 margin, a bill designed "to stop future bonuses at Fannie Mae and Freddie Mac and suspend the current multi-million dollar compensation packages for the top executives." The rest of… more »

Margaret Thatcher explains Occupy Wall Street

...and President Obama, and congressional Democrats H/T Airbus http://www.youtube.com/watch?v=okHGCz6xxiw more »

Bad economists and good capitalists

In the same essay that contains the famous "Broken Window" fallacy, French economist Frédéric Bastiat (1801-1850) cautioned us to consider "That which is seen, and that which is not seen." His words should be required reading for any politician, elected… more »

So long, debit card fees

Following the passage of the "Durbin Amendment" to the Dodd-Frank financial regulation bill -- an amendment which cut the fees that debit card providers can charge merchants per transaction -- Bank of America created a furor by announcing a $5 per month… more »

Peter Schiff talks to Occupyers

In this great 19 minutes of dialog, financier and capitalist Peter Schiff goes into the throngs at Occupy Wall Street to find out what they're really about -- and to show them an example of a real capitalist: http://youtu.be/UGL-Ex1CD1c more »

Paul Ryan at the Heritage Foundation

On Wednesday, House Budget Committee Chairman Paul Ryan gave a speech at the Heritage Foundation. This sort of talk comes from a man who realizes that good policy can be, and right now probably is, good politics. If somehow Barack Obama wins re-electio… more »

University of Colorado employee bonuses

Following up on my note the other day about a University of Colorado employee who hopes that voters won't find out about upcoming bonuses for CU employees because it might hurt the chances of Prop 103 passing, I have more information to offer: The bonu… more »

Dysfunctional Democrats destroy real jobs

Yesterday, the Senate rejected, on a 50-50 vote, a "jobs bill" which was a microcosm of President Obama's overall jobs-for-public-sector-union-members plan. Every Republican, along with two Democrats and Joe Lieberman, voted against the bill which would… more »

Obama plan no better in small bites

Yesterday, Senate Majority Leader Harry Reid said that he'll bring up part of President Obama's "jobs" plan for a vote tomorrow (Friday, October 21). In particular the bill aims to give states $35 billion to retain public sector union employees (teache… more »

Don't step in the Occu-Pie

My wife said to me yesterday evening that "Obama must be loving" the anti-capitalist protests around the US. Perhaps so, but I think they are at best a double-edged sword for Democrats. It's possible that the President and his henchmen, Reid and Pelosi… more »
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