New House Majority Leader: Kill Ex-Im Bank

The primary defeat of Eric Cantor continues to reverberate in unexpected ways, as his incoming successor as Majority Leader tells Fox News that he supports shutting down the Export-Import Bank (Washington Examiner): On “Fox News Sunday,” host Chris Wallace asked McCarthy if he agrees with “conservatives who say that the Export-Import Bank is a form… More New House Majority Leader: Kill Ex-Im Bank

On the Bank Bailout, the Buckley Rule, and Ed Gillespie

There has been increasing talk among Virginia Republicans about “the Buckley Rule,” and how it should impact decision on the nomination for U.S. Senate. There are, however, two problems with the application (usually from Ed Gillespie supporters): the rule isn’t quite what they think it is; and even if it did, Gillespie still wouldn’t qualify.… More On the Bank Bailout, the Buckley Rule, and Ed Gillespie

The Republican Party, TARP, and Ed Gillespie (plus some personal news)

For those wondering where I’ve been for the past three weeks, I was recently married (Sunday, the 12th, to be exact). For those interested, meet the new Mrs. Liberal. Anyhow, while I’ve been on my honeymoon, Ed Gillespie made it official – he is running for the U.S. Senate. Whether he wins the nomination or not… More The Republican Party, TARP, and Ed Gillespie (plus some personal news)

Single-payer, the left’s health care nirvana – doesn’t exist

As the nation careens toward the true launching of Robertscare (a.k.a. Obamacare) – and even here, there is a disconnect between the insurance exchanges to launch on October 1 and the subsidies for them, which don’t start until January 1 – there is talk that the entire edifice will crash in a mess of incompetence,… More Single-payer, the left’s health care nirvana – doesn’t exist

My reaction to the fiscal cliff debacle: the GOP caved, and will again

So while I was on vacation, the Republicans did what I expected them to do in the “fiscal cliff deal” – they caved. They did not attempt to explain why tax increases are a bad idea. Instead, they tried to minimize the damage as much as they could, and yet even in doing that they… More My reaction to the fiscal cliff debacle: the GOP caved, and will again

It really is Bush’s fault, Part 3: Spend-and-spend

Mark Shields once joked in 1992: “for years, the Democrats were the tax-and-spend party, and the Republicans were the borrow-and-spend party.” The 1990s in general clouded the issue, but, sadly, in the aughts that comparison came back with a vengeance. The Congressional Budget Office detailed the disaster that was Bush the Younger’s domestic spending record… More It really is Bush’s fault, Part 3: Spend-and-spend

It really is Bush’s fault, Part 2: Monetary mayhem

This is the second in a continuing series reviewing the economic policies of President George W. Bush. In the first post, I discussed why the temporary nature of the 2001/2003 tax cuts drained them of any deep economic benefit. While that fiscal policy was bad enough (without the permanence, it was pure Keynesian opium), monetary… More It really is Bush’s fault, Part 2: Monetary mayhem

Norquist tells Republicans to hold the line on taxes

I have burned quite a bit of bandwith explaining why increasing taxes, as a matter of policy, is simply a bad idea. As I expected once the full results of Election 2012 became clear, there will be far fewer people – inside and outside the Republican Party – who share my view than ever. As… More Norquist tells Republicans to hold the line on taxes

How Republicans Can Win Florida in November

Florida, with its 27 electoral votes, is critical for any Republican hoping to win this fall’s Presidential election. A key issue in the Sunshine State that should be emphasized is the Fed’s continued subsidy of the banks at the expense of ordinary savers. The Fed, by “Quantitative Easing,” (printing money to buy the bonds the… More How Republicans Can Win Florida in November

The Obama plan: less money for charities, higher gas prices, and more plane crashes

While I was starting a new job and working through some health issues, the president revealed his “recovery plan.” I put the scare quotes up because after seeing how he plans to raise the revenue to cover it, it doesn’t look to “recover” anything I’d want to see. The Richmond Times-Dispatch reported on the tax-hike… More The Obama plan: less money for charities, higher gas prices, and more plane crashes

What we know so far

As we approach Tuesday’s opening bell on Wall Street, here’s what we know (and don’t know) regarding the reaction to the S&P downgrade. Wall Street has gone mad. How else does one explain a panic that leads to a rally in the one asset that S&P downgraded – namely US debt? The wise investor would… More What we know so far

“PRINCE WILLIAM COUNTY HAS ONLY ITSELF TO BLAME FOR RATING DOWNGRADE RISK”

Bob Pugh for Coles Supervisor Contact: Bob Pugh Bob Pugh for Coles Supervisor http://www.bobforsupervisor.org FOR IMMEDIATE RELEASE PRINCE WILLIAM COUNTY HAS ONLY ITSELF TO BLAME FOR RATING DOWNGRADE RISK Prince William County (July 30, 2011) – A press release yesterday endorsed by leaders in several jurisdictions, including Prince William County, states, “Moody’s decision to place… More “PRINCE WILLIAM COUNTY HAS ONLY ITSELF TO BLAME FOR RATING DOWNGRADE RISK”

Poverty In America

No wonder the federal government is going bankrupt.  Just look at how they define poverty in America today: Data from the Department of Energy and other agencies show that the average poor family, as defined by Census officials: ● Lives in a home that is in good repair, not crowded, and equipped with air conditioning,… More Poverty In America