Archive for December, 2009

White House Record On Making Legislation Available to the Public For Five Days Before Signing

Jim Harper of the Cato Institute has posted his analysis of where President Obama currently stands on his pledge to post all legislation online for five full days before signing it into law. Harper concludes that: President Obama has signed 114 bills into law. 86 of those bills, or 75%, have been held at the [...]

Banks’ TARP Repayments Hide Underlying Flaws

On December 15, 2009, Citigroup and Wells Fargo won approval to begin repaying $45 billion in aid that they received from the Federal Government. Many view this as a sign that the financial sector in the United States is rebounding, and that the $700 billion Troubled Asset Relief Program (TARP) has been a success. TARP [...]

Time for Congress to Rein in the EPA

On December 7th, 2009, The Environmental Protection Agency announced that greenhouse gases “threaten the public health and welfare of the American people.” This ruling came from a 2007 Supreme Court decision in which it was determined that carbon dioxide and other greenhouse gases are pollutants under the Clean Air Act. The Court stated that the [...]

House Pledges Billions for Jobs…Again

On December 16th, 2009, the House of Representatives narrowly passed a $174 billion piece of legislation intended to boost employment. It provides roughly $50 billion for public works projects and another $50 billion for state and local governments. According to the New York Times, the measure included a “mix of money for highway, transit and [...]

The Cap and Trade Illusion

The Obama administration intends on implementing a ‘Cap and Trade’ bill by May of 2010 in hopes of curbing the emission of harmful greenhouse gases and reducing pollution. Not only would the legislation fail to effectively reduce emissions it would cost American citizens billions in taxes. Here’s what you need to know about the ‘Cap [...]