The news events of the last few months have certainly put the Obama Administration in a peculiar position.  The Gulf crisis notwithstanding, most of these events have been created by this president and his staff.

Team Obama went the the G20 Summit in Toronto this weekend to chide the other 19 nations to continue to stimulate their economy through Keynsian economic principles.  “Not so fast”, said the other countries.  “We have to make choices, and right now, we choose fiscal solvency and prudence”.  What a concept!

Passage of the Financial Institutions Reform package was always tenuous, at best, but the death of Senator Robert Byrd over the weekend makes passage more difficult.  One less Democratic vote means that it’s more likely that Republicans can filibuster this package, and this is a good thing.  Here’s why:  Any bill that increases regulation, drives up costs to the consumer, and squeezes financial services companies’ margins will negatively affect the economy.  The costs of increased regulation always get passed along to the consumer in some way, shape or form.  Limiting profits also limit tax revenues […]

Continue reading about The Case Against Financial Institutions Regulation (and Other Sundry Items)

Eric Florack on June 7th, 2010

WHY EXPEL ONE OF YOUR OWN? I notice Jennifer Rubin of Commentary asking the question why shouldn’t Helen Thomas be expelled from the White House press corps?  (David already has vid up on this topic)T  The answer to my mind is rather simple ; the White House agrees with her. THE WOOD SPLITS: I note […]

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davidl on May 1st, 2010

More violence from illegal immigrants in Arizona, from Arizona Republic: A Pinal County Sheriff’s deputy was shot in the stomach Friday by an undocumented immigrant off Interstate 8, according sheriff’s officials. Lt. Tami Villar told 12 News that the search and rescue deputy was investigating a load of marijuana in the desert and was confronted […]

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DJ Durant on March 24th, 2010

The problem still hasn’t been solved.  Some time a go, I wrote a piece about President Obama’s biggest concern.  At least, it should be his biggest concern, because if this particular issue is not addressed, it will go well for Republicans in November, and again in November 2012. It’s been three days since the “historic” […]

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Eric Florack on February 17th, 2010

For those who haven’t noticed my Facebook entry, I managed to get hired today at the driving job I’d applied to. I’ll be training in an over the road situation for the next few weeks. Once I go through that, I’ll be assigned my own truck, and I’ll be run for perhaps another 10 days, […]

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