Gang of Six: Promises, Promises

A group of U.S. Senators called the Gang of Six has cobbled together the third Senate-originated half-baked idea this week that would lead to hiking the debt limit. All three Senate approaches — the McConnell Plan, the McConnell-Reid “Just Borrow More” Plan, and now the Gang of Six “Maybe Later in the Year” Plan — […]

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Argentina: Cristina Ramps Up Protectionism

Milton Friedman once said that “there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.” For most people in the world, this is a convincing argument. Not, however, for the Peronists who […]

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What Moody’s Really Told Boehner and Obama about the Debt Ceiling

Everyone’s heard that Moody’s has threatened to downgrade our bond rating unless the debt ceiling is raised. We get that—crisis pending, yada, yada, yada. But if you read the announcement closely, there are important new points they added to the mix. First, Moody’s really doesn’t believe–that the President really will let Geithner default on our […]

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Scribecast: Rep. Darrell Issa Discusses Operation Fast and Furious

Rep. Darrell Issa (R-CA) says the House Oversight and Government Reform Committee is finally “beginning to break down the walls of silence and refusal” from the Obama administration about the Operation Fast and Furious scandal. As its chairman, Issa has doggedly pursued answers on the illegal gun trafficking operation run by the Bureau of Alcohol, Tobacco, Firearms and […]

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Take Two: Turkey’s Roadmap for Libya

Last March, Turkish President Abdullah Gül and Prime Minister Recep Tayyip Erdo?an accused Western leaders of intervening in Libya in order to take control of Libya’s vast oil and gold resources. Today, however, Turkey—NATO’s once ardent opposition to military engagement—is one of the United States’ most active partners in seeking regime change. Turkey’s roadmap is […]

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