The polls show a tightening race between the incumbent French President Nicolas Sarkozy and the current favorite French Socialist Francois Hollande and they are in a virtual tie on the first ballot with 30%. When the French are asked about their second ballot opinion, the race is still Hollande’s to lose. He will mop up […]
The Wall Street protesters, in their hatred of capitalism, overlook things including the fact that over the last 100 years capitalism has reduced poverty more and increased life expectancy more than in the 100,000 years prior. Every semester I ask my students: “What would you rather be? King of England in 1263 or you?” Turns […]
In the midst of the current budget battle, there are a lot of folks—right and left—who assume that defense spending is a luxury that America just can’t afford at the moment. This a view far removed from James Madison’s conviction that “security against foreign danger is…an avowed and essential object of the American Union.” America’s […]
On October 7, 2012, the Venezuelan people will have the opportunity to elect a new president. In the months leading up to the election, Venezuelans are sure to hear plenty of campaign rhetoric from the unabashed President Hugo Chavez, but the question is: How much will they hear from the opposition? Globovision, a television channel […]
It was no coincidence that “Atlas Shrugged Part 1” made its box-office debut on tax day, April 15, earlier this year. So it was only appropriate that the DVD release would fall on Election Day. Harmon Kaslow, the movie’s producer, visited Heritage’s Bloggers Briefing today to talk about the film and preview “Atlas Shrugged Part […]
The Census Bureau’s new poverty measure is another tool in President Obama’s endless quest to “spread the wealth.” Although the media portray it as a more accurate measurement of poverty, in reality it deliberately severs all connection between “poverty” and actual deprivation. The new measure places income thresholds for poverty on a built-in escalator that […]
SANTA ISABEL DE LAS LAJAS, Cuba (AP) — On sleepy streets plied by rickety horse-drawn carts and rusting 1950s automobiles, the sounds of commerce are once again being heard in Cuba’s countryside. A private sandwich shop has opened in a town previously served only by a grim state-run cafeteria. A woman sells trinkets from a small […]
Evidence shows that “austerity” during a sharp downturn in 1920 coincided with quick economic recovery and robust growth throughout the rest of the decade. Nevertheless, there is a belief that the example of President Herbert Hoover from 1929–1933 was a failure of austerity, which pushed the economy into the Great Depression. It was not. Hoover […]
Speech by Congressman McClintock given to the California Independent Automobile Dealers Association We are in the third year of policies predicated on the assumption that if Government just injects enough money into the economy, it can jump start consumer spending and therefore, economic growth. For three years, this administration has squandered more than a trillion […]
In 1974 Henry Kissinger marketed detente with the Soviet Union as a tool for spurring American trade and boosting an economy that had been hit by the post-Yom Kippur war oil price hikes. He encountered resistance in a Democrat-controlled Congress led by Senator Henry Jackson of Washington who sought to tie liberalization of trade with […]
