Regulation

Surprise - the Federal Reserve announced it will keep the Fed funds rate between zero and 0.25 percent. OK - it's not really much of a surprise. However, Federal Reserve Chairman Ben Bernanke has responded to the slowing economic recovery with restraint, not tinkering with interest rates and showing a continued willingness to buy mortgage-backed securities and long-term Treasury bonds. And that…

Bad economic news just keeps piling up. Today, the news about jobless claims from the AP:Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies are still cutting workers.The Labor Department said Thursday that new claims for unemployment insurance rose by 19,000 to a seasonally adjusted 479,000. Analysts had…

On Tuesday's Situation Room, CNN's Jack Cafferty used the term "Obama-nation," a pun on the word "abomination," which is used on many conservative blogs, to slam the "sprawling bureaucratic giant...that seems to be the result of President Obama's new health care law." Cafferty admitted during his commentary that ObamaCare is "shaping up to be exactly what the critics were afraid it would be."The…

It seems that not even the truth can possibly overturn the narrative that President Obama and the Democrats in Congress have brought transparency to Washington.Last Wednesday I wrote about how the Dodd-Frank financial regulatory bill Obama signed into law last month contains a provision exempting the Securities and Exchange Commission from Freedom of Information Act requests. Such an exemption…

What a fine group of happy warriors! Right Online 2010 turned out over 1,000 like-minded activists from over 30 states. These passionate folks walked the over-100 degree streets of Las Vegas to educate voters that November Is Coming.Should the Democrats be worried? No. They should be resigned. The real worry-warts should be Republicans consistently intent on selling out their principles. Be…

On June 24, 2010, I had a post on BigHollywood that examined Robert Redford’s asinine statements about the Gulf Oil Spill. From his support of a drilling moratorium to the fact that he literally blamed the spill on Dick Cheney to the way he expected George W. Bush to respond instantly to Katrina, while making excuses for President Obama’s slow response to the BP disaster, his words were…

Free enterprise and the American marketplace – not the guiding hand of government – have revitalized the beleaguered automaker General Motors, which expects to announce another profitable quarter, according to GM officials.  President Barack Obama plans to visit a GM plant in Hamtramk, Michigan on July 30, and his administration is linking GM’s return to profitability with the bailout of the…

If only women ruled the world . . . Striking a blow for her sex, Mika Brzezinski today claimed that the Wall Street meltdown "simply would not have happened" if more women had been in charge. The Morning Joe co-host was reacting to news that the Dems managed to slip into the recently enacted financial regulation bill a provision--authored by Rep. Maxine Waters--that would create "at least 20 new…

At the end of Sunday's CBS Evening News, anchor Russ Mitchell celebrated the efforts of 82-year-old Jean Hill to ban the sale of bottled water in Concord, Massachusetts as: "...one woman's campaign for a greener America, one bottle at a time." He declared: "...you may remember the environmentalist mantra: 'Think globally, act locally'....[Hill] is trying to take that message to heart."Mitchell…

On Wednesday's CBS Early Show, fill-in co-host Erica Hill cheered the passage of financial reform legislation as "another huge milestone for President Obama." Hill went on to explain: "The first was when he signed the historic health care bill back in March. Today he is set to sign a bill aimed at completely overhauling Wall Street."White House correspondent Chip Reid began a report on the new…

Chrystia Freeland, global editor-at-large for Reuters, believes the new financial regulations are still pretty loose."It is still a very feudal, very Byzantine regulatory system," Freeland complained on the PBS News Hour with Jim Lehrer, referring to the Senate's approval of a financial regulations bill yesterday.A radical policy, Freeland maintained, could have done away with the current "…

On Thursday's CBS Evening News, anchor Katie Couric touted the just-passed financial reform bill as a "big win" for President Obama, "as was the passage of health care reform." She then lamented how despite that: "...there are rumblings he's in big political trouble as the midterm elections approach."In the report that followed, White House correspondent Chip Reid proclaimed: "...the President…

Reporting Thursday from Capitol Hill, MSNBC congressional correspondent Luke Russert touted a likely win for Senate Democrats on the Financial Reform Bill, saying it would be a "huge victory.""Obviously, [President Obama] ran on the slogan 'Change you can believe in,' with health care reform and financial regulatory reform," Russert commented, thus tying the passage of the financial reform bill…

In August 2009, much to the chagrin of leftist environmental activists, the generally liberal electorate of the city of Seattle rejected a 20-cent tax on plastic shopping bags. In fact, 58 percent of voters voted to reject the proposal, although the Seattle Post-Intelligencer sought to portray the vote as the result of the plastic industry plunking down $1.4 million in advertising opposing the…