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Obama Adminstration "incorrect" about likely budget deficits
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Blog

Obama Adminstration "incorrect" about likely budget deficits

I used the word “incorrect” in the title because I’m feeling momentarily generous. A more precise word would probably have been “lied". Today’s news about deficits is, not surprisingly, much worse than the already-bad picture painted for us by the Obama administration and their ridiculously rosy economic forecasts. An AP article entitled “$1 trillion deficits seen for next 10 years” explains that:

03/20/2009
Sanford Refuses Stimulus Cash
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Blog

Sanford Refuses Stimulus Cash

South Carolina Governor Mark Sanford today announced he would refuse federal stimulus cash since his request to use some of the money to pay down state debt was rejected by the White House.  This is worth noting, not only from the standpoint of the Obama Administration ramming policy down the throat of a state, but also because many in the media have been unfairly jumping on Gov. Sanford of late and calling him a hippocrite for saying he wouldn't take stimulus money and then flipping.  Needless to say, this is simply untrue.

03/20/2009
The AIG tax bill's possible benefits
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Blog

The AIG tax bill's possible benefits

In a fit of economic idiocy driven by misdirected populist outrage, the House of Representatives passed H.R. 1586 on Thursday afternoon, subjecting to a 90% tax rate any bonus paid to a person who works at any institution which has received at least $5 billion in TARP money whose: (1) family income is over $250,000 (2) individual income is over $125,000 if he/she is married but files a separate tax return

03/20/2009
Our very own Wesley Mouch
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Blog

Our very own Wesley Mouch

In Atlas Shrugged, one of the main villains is Wesley Mouch, who is described in the Wikipedia entry on the book’s characters as “Initially Wesley Mouch is the least powerful and least significant of the Looters - the other members of this group feel they can look down upon him with impunity. Eventually he becomes the most powerful Looter, and the country’s economic dictator, thereby illustrating Rand’s belief that a government-run economy places too much power in the hands of incompetent bureaucrats who would never have positions of similar influence in a private sector business.”

03/19/2009
FreedomWorks Lauds Latest Effort to Repeal Unlawful Internet Gambling Enforcement Act (UIGEA)
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Press Release

FreedomWorks Lauds Latest Effort to Repeal Unlawful Internet Gambling Enforcement Act (UIGEA)

Washington, D.C.—In the wake of House Financial Services Committee Chairman Barney Frank’s (D, MA-4) announcement that he will reintroduce legislation to repeal the Unlawful Internet Gambling Enforcement Act (UIGEA), FreedomWorks is re-engaging its “Net Freedom Forever” campaign to provide grassroots support for this effort.  

03/18/2009
AIG: "A Mistake at the beginning"
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Blog

AIG: "A Mistake at the beginning"

The media and political furor of the week is the employee bonuses paid by AIG under contracts that existed prior to the government’s effective takeover of the company. And while the President as well as politicians of both parties are fulminating about the payouts, voter anger should be directed more at those very politicians than at AIG.

03/18/2009
Congress Angry about Irresponsible Use of Taxpayer Dollars
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Blog

Congress Angry about Irresponsible Use of Taxpayer Dollars

David Harsanyi of the Denver Post has written an amazing article on Congressional outrage over AIG bonuses.  "Here's an idea: If you stop nationalizing banks, there will be no need to engage in phony-baloney indignation over bonus payments anymore."  He's exactly right!  I can't say it any better than he does: 

03/18/2009
You're Invited: Two Georgia Events on March 21
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Press Release

You're Invited: Two Georgia Events on March 21

FreedomWorks Georgia is going strong with two important events this weekend, Saturday, March 21 in Duluth and Albany.  We hope you can attend one!

03/17/2009
St. Patrick's Day: Some Hope from Ireland
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Blog

St. Patrick's Day: Some Hope from Ireland

Happy Saint Patrick's Day!  Each year since I became interested in development economics, St. Patty's day has reminded me of the free market revolution that took place in Ireland in the nineties.  Ireland was the poorest economy in Europe then, but by 2006, it had the highest per capita GPD on the continent and economic growth rates of 9 percent or higher.  How did they achieve it?  They massively reduced the size and role of government in their society.  They cut taxes, abolished agencies, cut spending, and stopped inflation.  They moved from one of the least free states in Europe to the freest.

03/17/2009
John Stossel: Bailouts and Bull on 20/20
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Blog

John Stossel: Bailouts and Bull on 20/20

John Stossel on government bailouts:

03/16/2009

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