Posts Tagged ‘Barack Obama’

Implications of SCOTUS Health Care Ruling for Louisiana

Implications of SCOTUS Health Care Ruling for Louisiana

Although the Supreme Court let most of the ACA stand, Louisiana policymakers can still play an important role in the health care reform debate. Most importantly, they should refuse to expand the state’s Medicaid rolls and take a wait-and-see approach to state insurance exchanges.

Federal Tax Hikes Expected to Hurt Louisiana’s Rich and Poor Alike

Federal Tax Hikes Expected to Hurt Louisiana’s Rich and Poor Alike

Heritage Foundation predicts “substantial job losses” among earners of less than $250,000 The Heritage Foundation, a D.C.-based policy institute, has released a scathing report on the prospect of income tax increases for the coming year. The authors contend that while high income households may be targeted, everyone will pay the price through lower economic growth [...]

Consumer Protection Can Lead to Moral Hazard

Barack Obama proclaimed March 7th-March 13th to be the National Consumer Protection Week. Supporting the creation of an independent Consumer Financial Protection Agency, Obama said: “[…] our Government must do more to stand up for consumers. From excessive bank account overdraft fees to abusive mortgage lending practices, our broken financial system produces profits at the [...]

Federal Largesse Does Not Benefit States

Chris Edwards of the Cato Institute highlights the level of government intervention by examining the various forms of federal aid to the states. As he writes in Downsizing the Federal Government: “There are more than 800 state and local aid programs, based on my count of programs in the Catalog of Federal Domestic Assistance. They [...]

Beware of Bank Regulations Curtailing Credit

As Diana Furchtgott-Roth of the Manhattan Institute points out, there is widespread hostility towards the financial sector even though: 140 banks failed in 2009 regulators and Congress encouraged banks to make high-risk loans many banks were required by Hank Paulson to take the TARP money in 2008 all but one large bank repaid TARP funds [...]