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GM IPO Raises Billions, But Company Faces Hidden Challenges; Bailout Still Not Repaid
General Motors raised more than $20 billion in an initial public offering (IPO) this week, selling millions of shares owned by the federal government,…
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Massive Property Tax Increases Coming for Homeowners in Northern Virginia
Homeowners in Northern Virginia may face massive, record-setting property tax increases of 20 percent or more in the upcoming year. One reason is the EPA’s…
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Tea Party Express Hands Control of Senate to Democrats?
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Many Republican Campaign Signs Disappear or are Stolen
Enraged Democrats in Virginia’s Fifth Congressional District attacked GOP activists and yanked signs for candidate Rob Hurt (R) off of private property. Hurt is…
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Touting Government Failures As Successes: Chris Zimmerman and Metro
Arlington County Board member Chris Zimmerman is touting “his experience on the Metro Board of Directors, of which he is the longest-serving member.” This…
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Administration Allies Float Trillion Dollar Bailout to Offset Rising Savings Rate
Alarmed by the rising savings rate, which liberal Keynesian economic theory views as potentially bad in a weak economy, intellectuals with close ties to…
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Harvard’s Jeffrey Miron Explains Why the Stimulus Package Failed
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Civil Rights Commission: Administration Lied About Who Dropped Voter Intimidation Case
The U.S. Commission on Civil Rights has found that political appointees, not career Justice Department lawyers, made the decision to drop a voter intimidation…
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Obamacare to Wipe Out 800,000 Jobs Through Work Disincentives
Obamacare is going to wipe out 800,000 jobs through its disincentives to work. That contrasts sharply with false claims by House Speaker Nancy…
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Ignorant Food Snobbery: Judge Orders McDonald’s to Pay Obese Employee $17,500
From The New York Times: A Brazilian court ruled this week that McDonald’s must pay a former franchise manager $17,500 because he gained 65…
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Washington Subway Terrorist Bomb Plot Leads to Arrest
Federal authorities arrested Farooque Ahmed for plotting to bomb the Washington Metro subway system. Ahmed, who immigrated from Pakistan, “conspired with people he thought…
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CBO: Obamacare Discourages Work
Even the Congressional Budget Office, which allowed supporters of Obamacare to hide its costs through gimmicks and dodges, admitted last “Friday that…
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Increase in American Corruption May Have Been Understated
Earlier, I wrote about how America had slipped to a historic low on the Global Corruption Index, becoming more corrupt. In retrospect, I think…
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Foreclosure Moratorium Would Impose Huge Losses on Taxpayers
“Taxpayers and the federal government would be among the biggest losers if officials heed calls from some legislators and homeowners rights groups to stop millions…
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U.S. Slips to Historic Low in Global Corruption Index
America has slipped to a historic low in the global corruption index, Reuters reports, and it is no longer one of the 20 least…
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Global Food Crisis Forecast; Aggravated by Biofuels and Global Warming Legislation
A global food crisis is “forecast as prices reach record highs.” “Rising food prices and shortages could cause instability in many countries as the…
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Mysteries of the Liberal Mind: Inmate Voting Good, Soldiers Voting Bad
Liberal judges insist that it’s racist to keep prison inmates from voting, because inmates are disproportionately members of minority groups. See the dissents of liberal…
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Unemployment Jumps Under Obama, Pelosi, and Reid
Unemployment averaged about 5.2 percent under both Clinton and Bush, but rose to an average of 9.43 percent under Obama (the current rate…
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Obamacare: More Broken Promises, More Premium Hikes, More Lost Health Insurance
In The Washington Times, Dr. Milton R. Wolf debunks six “unkeepable Obamacare promises” that have already been shown to be false. For example, President…
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Bureaucrats Disenfranchise Overseas Troops
Illinois officials missed the deadline to mail ballots to U.S. troops overseas, but they hand-delivered ballots to inmates, without even waiting for inmates…
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Bailout of Fannie and Freddie Will Cost Double Earlier Estimates
The bailout of Fannie Mae and Freddie Mac will cost double earlier estimates, and could cost $363 billion over the next three years, report…
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General Motors’ Losses Hidden by Deferral of Union Pension Obligations
Any General Motors bonds issued this year will be classified as junk by a key ratings agency. Why? There’s some risk GM will go…
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More Stimulus Money Wasted
A lot of money was wasted in weatherization projects paid for by the stimulus package, note The New York Times Green Blog and Professor…
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Obamacare Will Spawn Crowded Waiting Rooms and Pointless Busywork for Doctors
Health care costs will go up under Obamacare for many reasons, such as the wasteful red tape it imposes on health savings accounts (HSAs). Max…
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Say Goodbye to Free Checking
“Say goodbye to traditional free checking, as banks feel squeeze from new regulations,” reads the AP headline. “Free checking, a mainstay of American banking…
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Your Shriveling 401(K): Thank Financial Red Tape and the Foreclosure Furor
If your 401(K) has shrunken recently, it may be due to falling bank stocks, like Bank of America stock, which has fallen from over $19…
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Obama’s Nativist Scare Tactics May Backfire on Him
President Obama has made the baseless claim that the Chamber of Commerce is spending foreign money on political campaigns. This claim was widely disseminated…
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Meager Part-Time Work Masks Unemployment
Unemployment is often masked by part-time work, since people who would prefer to work full-time are not treated as unemployed by government statistics if they…
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Democrats Took the Most Foreign Money
It turns out that Democrats have taken twice as much foreign money in this election cycle as Republicans. They’ve taken “more than $1 million…
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Restricting What People Eat, Based on the Ignorance of Food Snobs
There are increasing calls for the government to restrict salty food and fast-food restaurants, and tax fast food, to curb obesity. This is especially true…