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An Open Letter to Majority Leader Reid and President Obama
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Blog

An Open Letter to Majority Leader Reid and President Obama

To: Senate Majority Leader Reid, President ObamaAmericans face a time of great economic challenge, and have watched with equally great interest as the House of Representatives and now the Senate have crafted legislation designed to address that challenge. Last night, news of a compromise was announced in the Senate that would provide the sixty votes required to move the bill forward. As of the writing, however, the full details of the compromise have not been made public, and no legislative text has been published for open review.

02/07/2009
Bailout Bucks for All!
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Blog

Bailout Bucks for All!

FreedomWorks just developed these Bailout Bucks - inspired by our friends at UGA. This afternoon we're delivering them to Senate offices along with copies of our key vote and Top 10 Reasons the Economic "Stimulus" package is beyond ridiculous.

02/06/2009
CBO: Obama Stimulus Will Hurt the Economy
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Blog

CBO: Obama Stimulus Will Hurt the Economy

The CBO says that the Obama/Reid/Pelosi Debt Plan will actually do more long-term harm to the economy than if government did nothing, the Washington Times reports (h/t Club for Growth):

02/06/2009
Capitol Comment Number 429
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Capitol Comment

Capitol Comment Number 429

To download a PDF of this article, please click here.

02/06/2009
The Unconstitutional Bailout
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Op-ed Placement

The Unconstitutional Bailout

BY Matt Kibbe

When you get beyond the rhetoric of change, it is astonishing how close President Barack Obama is following his predecessor in economic policy. Just as George W. Bush attempted to jump-start the economy with a jolt of hundreds of billions of dollars, Obama is doubling down on the bailout bets. In the Troubled Assets Relief Program process, the legislative branch is authorizing nearly a trillion dollars in spending.But isn’t this backward? Doesn’t Congress have the sole power to authorize executive branch spending, and the president, the power to veto congressional spending authorizations?I opposed the $700 billion bailout legislation because, among other objections, I believed it to be an unconstitutional delegation of congressional authority to an unelected official in the executive branch. Both the short history of the legislation’s implementation and a new legal analysis published by FreedomWorks Foundation confirm my original fears. This dramatic role reversal, with the executive telling Congress what to do, is exactly why the bailout is unconstitutional and must be stopped.The bailout legislation violates the bedrock constitutional principle of nondelegation by investing the treasury secretary — an unelected member of the executive branch — with too much discretionary authority to exercise too much power. In a recent legal analysis prepared for FreedomWorks Foundation, attorneys note, “Rather than making the policy choices necessary to guide the secretary’s discretion, Congress has given the secretary far-reaching power to intervene in the nation’s economy and effectively to nationalize American businesses — upon the thinnest reed of statutory constraints. And in doing so, Congress has effectively chosen not to make law but, rather, to make the treasury secretary the lawmaker.”The debate over the second half of the bailout being authorized continues this backward approach to lawmaking. It has members of the Congress asking the Treasury Department to make promises that it will do better this time than it did before. But it is Congress’ constitutional duty to tell Treasury what to do, not ask.Critics may say government being bound by the Constitution is a quaint idea, and the current crisis allows no time for it. But the Constitution is as relevant as ever. Drawing on their firsthand experience with King George, the Constitution’s Framers made the exercise of power difficult by design to protect liberty, to force deliberation, and to ensure accountability — all of which are threatened by the continuation of the bailout.

02/05/2009
Obama Should Channel Harding, Not FDR
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Op-ed Placement

Obama Should Channel Harding, Not FDR

BY Matt Kibbe

In the first half of last century two presidents inherited recessionary economies from their predecessors. Both campaigned on smaller government, and both blamed the profligate ways of the previous president for their economic problems. One ended the recession in less than three years; the other lengthened it by seven. One responded with laissez-faire capitalism; the other with unprecedented government expansion. Scholars rank one among the worst presidents ever; the other they rank as one of the best. These two men are Warren Harding and Franklin D. Roosevelt.

02/05/2009
Obama Legislature's Ghost Writer?
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Blog

Obama Legislature's Ghost Writer?

This morning I was reading an interesting article in The Washington Times.My favorite paragraph:Sen. Susan Collins, Maine Republican, told reporters after meeting with the president that she thinks the White House should have written the stimulus bill instead of offering broad principles to Congress for it to craft the plan.I hope this is sarcasm, but I fear even my naturally optimistic attitude won’t allow that.

02/05/2009
DC Unemployment Second Lowest in Country
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Blog

DC Unemployment Second Lowest in Country

Jobless claims reached a 26-year high last week according to government data released today.  Unemployment rates reached 7.2 percent in December and analysts expect that to increase.  Of course, the unemployment rates vary across the country.  The Washington, D.C. area, for example, has the second lowest rate for any metropolitan area at 4.7 percent.  Why could that be?

02/05/2009
Tom Daschle: "Tax Cheaters Cheat Us All"
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Blog

Tom Daschle: "Tax Cheaters Cheat Us All"

The Washington Times gets in one-last parting shot to disgraced cabinet-nominee Tom Daschle with a steaming bucket of irony:

02/04/2009
Key Vote No Ensign/McConnell Fix Housing First Amendment
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Press Release

Key Vote No Ensign/McConnell Fix Housing First Amendment

On behalf of hundreds of thousands of FreedomWorks members nationwide, I urge you to vote “No” on Senator Ensign’s Fix Housing First amendment to H.R. 1, as promoted by Senate Minority Leader Mitch McConnell.  The Senator claims this act would “fix” the housing problem, considered to be at the root of so much of our current economic pain.  However, far from fixing anything, this plan would create even more problems and rather than letting the market naturally adjust, will merely delay recovery creating bigger problems in the future.

02/04/2009

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