A flurry of newspaper articles reporting that the Obama Administration may decide to disregard the advice of its military commanders and reduce the U.S. military presence in Iraq to less than 4,000 troops by the end of the year prompted 42 distinguished American foreign policy experts to write an open letter to President Obama on […]
Sen. Mike Lee (R-UT) came to Washington as the a tea-party conservative with the goal of fixing the economy, addressing the debt crisis and curbing the growth of the federal government. It’s an uphill battle for the youngest member of the U.S. Senate, but one he’s prepared to fight. Lee’s recent book, “The Freedom Agenda: […]
In an article entitled “China and US on Edge over Vote in Taiwan,” today’s Financial Times (FT) quotes a “senior US official” as saying Taiwan DPP presidential candidate Tsai Ing-wen “left us with distinct doubts about whether she is both willing and able to continue the stability in cross-Strait relations the region has enjoyed in […]
Last week, Solyndra became the third solar company in recent weeks to go belly-up, but the Fremont-based solar manufacturer made the most noise—because it lost more than a half a billion dollars in taxpayer money. Solyndra received one of the first stimulus loan guarantees, a $535 million loan. During a visit to the plant last […]
by Larry O’Connor As the nation tunes in to hear President Barack Obama’s “Jobs Speech” this Thursday, it would be instructive to learn how the last bundle of Keynesian billions were spent on those fabled “Green Jobs” that were supposed to save our economy in 2009. Meet Solyndra, the latest Darwinian example of how not […]
A top congressional investigator said on Tuesday that he believes more companies that benefitted from the stimulus bill’s renewable energy loan guarantee program will go bankrupt before all allotted funds are spent. The program, which guaranteed a $535 million loan to Solyndra before the company declared bankruptcy last week, still has $8-10 billion in authorized […]
This afternoon, the District Court for the Middle District of Pennsylvania became the latest court to strike down the Patient Protection and Affordable Care Act’s (Obamacare) individual mandate, holding that “[t]he power to regulate interstate commerce does not subsume the power to dictate a lifetime financial commitment to health insurance coverage.” The challenge was brought […]
Roll Call carries op-eds today from the Ripon Society and Heritage debating the merits of Super Committee transparency. Ripon’s Lou Zickar thinks the Joint Select Committee on Deficit Reduction would benefit from privacy. I argue that’s exactly the wrong approach for the most powerful committee in congressional history. As the Joint Committee prepares for its […]
The Obama administration kept tight-lipped Monday following reports that the Obama Administration has given its blessing for the Taliban to be brought in from the cold with what they think will be towards reconciliation with the US-Taliban relations. This happening as the world paused to mark the 10th anniversary of the 9/11 attacks. Washington has […]
President Barack Obama’s recently unveiled $447 billion job-creating bill is “a complete joke” and won’t work because the economy needs less spending not more, says Marc Faber, editor of the Gloom, Boom and Doom report. The package is “another complete failure of Keynesian economics and corrupt interventions,” Faber tells CNBC.com. “This all amid talk of […]
