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George W. Bush State of the Union Address, 2002
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Press Release

George W. Bush State of the Union Address, 2002

ACTUAL REMARKS MAY VARY THE PRESIDENT’S STATE OF THE UNION ADDRESS Mr. Speaker, Vice President Cheney, Members of Congress, distinguished guests, and fellow citizens: As we gather tonight, our Nation is at war, our economy is in recession, and the civilized world faces unprecedented dangers. Yet the state of our Union has never been stronger.

01/29/2002
The State of the Union
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Press Release

The State of the Union

On Tuesday, President Bush delivered his first State of the Union address to the American public. Not surprisingly, the war on terrorism was a major focus, as was homeland security. Bush also touched upon a few domestic policy initiatives and the unease with corporate America generated by the collapse of Enron. In the next few weeks the president will deliver his budget to Congress, which will provide a more detailed description of some of the plans outlined in his State of the Union. The budget will make one thing clear: Washington has some tough choices ahead as early projections show deficits for the next two years. President Bush has outlined an ambitious program to provide for the security of the American people. With deficits looming, the president and Congress must revisit many costly programs and reorder budget priorities with an eye toward prudence and responsibility.

01/29/2002
Grow Florida's Economy Not Florida's Government
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Press Release

Grow Florida's Economy Not Florida's Government

The citizens of Florida have been hit hard by the current recession. Many people have lost jobs as business struggle to make ends meet. The Florida legislature should not compound the problem by backing a broad-based tax increase at a time when our economy is sluggish. Senator John McKay has made a proposal that would do just that - raise taxes! Worse, it seeks to shift the tax burden from tourists to the engine of Florida's economic growth : private enterprise.

01/21/2002
A Better Way to Balance the Budget
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Press Release

A Better Way to Balance the Budget

This piece originally ran in the Oregonian on Jan 18.

01/18/2002
Daschle's War on Bush
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Press Release

Daschle's War on Bush

© 2002 Copley News Service, 1/9/2002 One of my New Year's resolutions was to give Senate Democratic Leader Tom Daschle a second chance after he scuttled the so-called economic stimulus package. But a week into the New Year I find myself having to break that resolution after hearing the Democratic leader rail against President George W. Bush. While Bush is fighting a war against terrorism around the world, Daschle is waging war against the president on the home front.

01/09/2002
The Fed Must Alter Operating Procedure to Relieve Deflation
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Press Release

The Fed Must Alter Operating Procedure to Relieve Deflation

In anticipation of the Federal Reserve Board meeting tomorrow, Empower America co-director Jack Kemp released the following statement: "There is widespread speculation that when the Fed meets tomorrow, it will cut the fed funds rate on overnight money that banks lend to one another by another 25 basis points, to 1.75 percent. In my opinion, more interest-rate-targeting gradualism of this sort will not succeed in reversing the monetary deflation currently underway and will fail to re-ignite the economy to lift it out of recession.

12/11/2001
The Fed Must Alter Operating Procedure to Relieve Deflation
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Press Release

The Fed Must Alter Operating Procedure to Relieve Deflation

In anticipation of the Federal Reserve Board meeting tomorrow, Empower America co-director Jack Kemp released the following statement: "There is widespread speculation that when the Fed meets tomorrow, it will cut the fed funds rate on overnight money that banks lend to one another by another 25 basis points, to 1.75 percent. In my opinion, more interest-rate-targeting gradualism of this sort will not succeed in reversing the monetary deflation currently underway and will fail to re-ignite the economy to lift it out of recession.

12/11/2001
North Carolina CSE Story 2001
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Press Release

North Carolina CSE Story 2001

12/07/2001
Classical Exuberance, Bursting Keynesian Bubbles
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Press Release

Classical Exuberance, Bursting Keynesian Bubbles

Excerpt from The Green Book. In my opinion, this is not the "normal operation of the business cycle," nor the aftermath of a "burst bubble." Asset values have collapsed across the board, especially in the high-tech sector, not because they were unreasonably high, though some were, but rather because deflationary monetary policy slammed the economy into lower gear, made promising business plans unachievable and otherwise prudent debt levels unmanageable.

11/26/2001
Defeating Deflation
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Press Release

Defeating Deflation

As printed in The Wall Street Journal, November 19, 2001

11/19/2001

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