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White House Distorts Ledbetter v. Goodyear Ruling, in Backing Lilly Ledbetter Fair Pay Act
The White House is making false claims about the Supreme Court’s Ledbetter v. Goodyear decision. In that case, the Supreme Court enforced the…
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No Consensus for “Stimulus” Among Economists
Contrary to claims by the Obama administration, there is no consensus among economists for a “stimulus” package, much less the trillion-dollar pork-filled “…
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Consumer Product Safety Law Backfires, Killing Thousands of Jobs
A consumer-product safety law recently passed by Congress will drive up the price of children’s clothes and toys and put thousands of small toymakers…
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Incoming Attorney General Eric Holder Is Hostile to Civil Liberties
Eric Holder, Obama’s choice for attorney general, is hostile to civil liberties. He has previously expressed veiled support for using the misnamed…
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Obama’s Trillion Dollar “Stimulus” Fantasy, at $300,000 per Job
Barack Obama claims his trillion-dollar stimulus package, financed through new deficit spending, will “create or save” 3 million jobs. That’s pure fantasy —…
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The Paycheck Fairness Act: Equal Pay Baloney From the Press
“News” stories on legislation often read like lazy summaries of press releases put out by the bill’s sponsors. That’s particularly true for so-called “equal pay”…
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Change Is Coming, To Benefit Trial Lawyers
Obama promised change, and it’s already happening, at the expense of the poor, consumers, and small business. “Regulations set to take effect next month could…
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Thousands Die After Zimbabwe Dictator Nationalizes Water Systems
Thousands of people have died of cholera in Zimbabwe after the country’s left-wing dictator Robert Mugabe nationalized municipal water systems to seize their revenue,…
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Irrational Massachusetts Child Support Guidelines
Massachusetts has long had some of the most excessive child support guidelines in the nation: for just one child, the father is ordered to…
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A Silver Lining in the Terrible Madoff Ponzi Scheme?
Point of Law carries a news item called “Left-Wing Legal Groups Reeling from Madoff Affair.” Bernard Madoff, the architect of a $50 billion ponzi…
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Bailouts Aggravate Financial Crisis
In the New York Times, economist Tyler Cowen of George Mason University argues that the $700 billion financial-system bailout is impeding an economic recovery. Because…
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Stimulus Plans: Economic Failures, But Sometimes Political Successes
So-called “stimulus packages” don’t revive the economy, but that hasn’t stopped President-elect Obama from pushing a budget-busting $850 billion stimulus package. Japan…
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More Criticism for Unconstitutional Auto Bailout
Andrew Sullivan, George Will, Clinton Labor Secretary Robert Reich, the Heritage Foundation, and many others have joined CEI in calling the auto bailout Unconstitutional.
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Fewer Toys for Christmas
Small toy manufacturers may go out of business thanks to the “Consumer Product Safety Act of 2008,” which Congress hastily passed in response to…
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Bush Auto Bailout Illegal, Bailout Supporter Admits
Clinton Administration Labor Secretary Robert Reich, who supports bailing out the Detroit automakers (whose unionized workers are paid $70 an hour), nevertheless points out…
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Drew Edmondson’s Prosecution of Paul Jacob Is Unconstitutional
The federal Tenth Circuit Court of Appeals has declared unconstitutional an Oklahoma law banning non-residents from helping to collect signatures for ballot initiatives…
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An Insult to the American People
Thumbing its nose at the American people, who have opposed a bailout for automakers by a two-to-one margin in public opinion polls, the Bush…
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Minnesota Vote Manipulation Likely Overturns Key Senate Election
The Minnesota Senate election was very close: GOP incumbent Norm Coleman led liberal ex-comedian Al Franken by just 725 votes. As a result, Franken demanded a recount. …
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What’s $50 Billion Among Friends?
Bernard Madoff defrauded investors out of an unprecedented $50 billion, in a massive Ponzi scheme that was perhaps the vilest swindle of the century. But a…
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Fed Chairman Uses Incompetent Ratings Firms for Bailout
“Federal Reserve Chairman Ben S. Bernanke is basing hundreds of billions in emergency lending on credit ratings from companies that gave AAA grades to toxic…
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The Value of a Dollar
Yesterday the dollar reach a 13-year low against the Euro as the Federal Reserve continues to pump new money into the system. All of this…
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Bailouts Unconstitutional Failures
Jacob Sullum’s recent column argues that Bush’s auto bailout plan is an unconstitutional violation of separation of powers. We earlier argued that it was…
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Paulson’s Bailout Was a Scam
National Review editor Rich Lowry, who mistakenly supported the financial system bailout because he trusted the Bush Administration, now realizes that he was deceived by…
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Fed Cuts Rates, Punishing Thrift, and Impoverishing Savers
The Federal Reserve has just cut the federal funds rate for loans to banks to an unprecedentedly low rate — ranging from 0.0% to…
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Auto Bailout Would Kill Jobs, Impoverish Taxpayers
A bailout would be worse for the auto industry than automakers filing for bankruptcy, explains banking and bankruptcy expert Todd Zywicki, a law professor,…
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Bush’s Auto Bailout: Illegal or Unconstitutional
The Bush Administration is planning to bailout the Big Three. It's using part of the $700 bill financial sector bailout package by seizing on TARP's…
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Jimmy Carter Disowns the Dictator Mugabe, His Frankenstein
After years of criticizing supposedly “unilateral” American military intervention in places like Iraq (where the U.S. was actually acting in concert with other countries, like…
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Auto Bailout Smoke and Mirrors
Mickey Kaus, a moderate Democrat, explains how the proposed auto bailout contains little leverage for the proposed “auto czar” to really cut the excessive…
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Bailout for Bloated Union Contracts
The auto bailout being fashioned by liberal lawmakers with Bush's apparent acquiescence contains no meaningful limits on the bloated union contracts that have helped make…
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Sheila Bair’s Coddling of Mortgage Deadbeats Fails, Costing Taxpayers
Sheila Bair, the head of the FDIC, has been busy rewarding irresponsibility and punishing thrift by giving special breaks to deadbeat mortgage borrowers from…