Dismantling the Muni-Bond Debt Bomb

July 26, 2010

Malanga: “State and local borrowing, once thought of as a way to finance essential infrastructure, has mutated into a source of constant abuse. Even as Tea Party protesters and taxpayer groups revolt against excessive government spending and taxes, they are paying too little attention to the gigantic state and local debt bomb.”

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Krauthammer: Beware the Lame Duck Congress

July 23, 2010

“Assuming the elections go as currently projected, Obama’s follow-on reforms are dead. Except for the fact that a lame-duck session, freezing in place the lopsided Democratic majorities of November 2008, would be populated by dozens of Democratic members who had lost reelection [or retired]. They could then vote for anything.”

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A Primer on the 2010 Elections

July 23, 2010

Cost: “Congressional elections are a strange brew of national and local forces, which means that each is a unique world unto itself. The national forces have sorted themselves out pretty well, but strong Democratic performances on the local level could very well result in the party holding its House majority, albeit it by a slim […]

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The Coming Crisis for Social Security

July 23, 2010

[tweetmeme] This poll should have any American who understands what happened in Europe concerned. Gallup reports: Six in 10 Americans who have not yet retired believe they will get no Social Security benefits when they retire, more pessimistic than at any time since Gallup began asking this question in 1989. Similarly, retired Americans are now […]

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The New More Powerful SEC?

July 22, 2010

Finreg requires that the SEC “issue 95 new regulations governing a wide swath of the financial sector, dozens more than the Federal Reserve, the new Consumer Financial Protection Bureau or other federal agencies. The SEC is also slated to complete 17 one-time studies and five new ongoing reports.” It’s a bigger stick.

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Louisiana's Democrat Lt. Gov. Blasts Obama's Offshore Policy

July 22, 2010

[tweetmeme] The best hits from Scott Angelle, Democrat lieutenant governor of Louisiana, railing against the White House’s six month drilling moratorium: “America is not yet ready to get all of its fuel from the birds and the bees and the flowers and the trees.” “This moratorium on drilling only accomplishes the loss of American jobs, […]

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Surprise, Surprise: Journolist Pushed "Sexist" Meme About Palin Pick

July 22, 2010

Coordinated attacks on Palin: “Time’s Joe Klein then linked to his own piece, parts of which he acknowledged came from strategy sessions on Journolist. ‘Here’s my attempt to incorporate the accumulated wisdom of this august list-serve community,’ he wrote. And indeed Klein’s article contained arguments developed by his fellow Journolisters.”

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What Journolist Tells Us About Media Bias

July 22, 2010

[tweetmeme] The series of Daily Caller reports on the Journolist — culled from the archives of the secretive email list which paired liberal academics, bloggers and think tank members with the mainstream media — has not included many surprises for those who view any semblance of fairness or unbiased observation as the calling of the […]

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Obama Should Be Pro Market, Not Pro Business

July 21, 2010

Pethokoukis: “Big Business has certainly amped up its kvetching of late. But it’s not Washington’s job to be pro-business and make nice with CEOs. That smells of crony capitalism and often just means rewarding big campaign contributors with government favors. The better measure of any given Washington policy is whether it respects markets.”

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Wall Street's New Bankers

July 20, 2010

Money managers itching to break into the banking business: “To some degree, it’s a strategy born of necessity. While regulators remain wary of Wall Street’s new bankers, they recognize the pressing need for community banks to raise billions in new capital to avoid shuttering up.”

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