Rate Rise Clouds Recovery
By NICK TIMIRAOS and RUTH SIMON
Rising interest rates threaten to dim prospects for a housing recovery and choke off a refinance wave that was a major plank of the Obama administration’s economic-stimulus efforts.
On Wednesday, rates on 30-year fixed-rate mortgages climbed to 5.79%, up from 5% two weeks ago, according to HSH Associates. That jump will cut roughly in half the number of borrowers with an incentive to refinance, according to .......
How to Stop Socialized Health Care
Five arguments Republicans must make.Article Comments (43) more in Opinion »Email Printer
By KARL ROVE
It was a sobering breakfast with one of the smartest Republicans on Capitol Hill. We can fix a lot of bad stuff ........
Read more - Mr. Rove outlines the serious talking points that should sway public opinion.
Industry Pushes to Extend Home-Buyer Tax Credit
By NICK TIMIRAOS
Worried that rising mortgage rates could damp the prospects for a housing recovery, a business group is making a new push for Congress to boost and extend a home-buyer tax credit.
In February, Congress approved a 10% tax credit for first-time home purchases….....
Get Ready for Inflation and Higher Interest Rates
The unprecedented expansion of the money supply could make the ‘70s look benign.
By ARTHUR B. LAFFER
Rahm Emanuel was only giving voice to widespread political wisdom when he said that a crisis should never be “wasted.” Crises enable vastly accelerated political agendas and initiatives scarcely conceivable under calmer circumstances. So it goes now.
Here we stand more than a year into a grave economic crisis .......
Let’s Keep Many Eyes on the Banks
The move to centralize regulation doesn’t make sense.
By RICHARD H. NEIMAN
The nation is about to make two momentous policy choices about the future of our financial system. One will be made by the president, the other by the Supreme Court. Both decisions involve the proper roles for state and federal regulatory authority, and both have far-reaching consequences. Yet the country ......
Obama’s Voodoo Health Economics
By BETSY MCCAUGHEY
Obama’s Voodoo Health Economics
Cutting our medical care is bad science.
On Monday President Barack Obama’s Council of Economic Advisers released a report called “The Economic Case for Health Care Reform.” The report argues that Americans must curb their consumption of medical care in order to avoid soaring federal deficits, unsustainable burdens on family budgets…...
Barack Hussein Bush
The freedom agenda gets a new cover, but Iran is his real test.
One benefit of the Obama Presidency is that it is validating much of George W. Bush’s security agenda and foreign policy merely by dint of autobiographical rebranding. That was clear enough yesterday in Cairo, where President Obama advertised “a new beginning between the United States and Muslims around the world.” But what he mostly offered .......
The Sotomayor Rules
By KIMBERLEY A. STRASSEL
President Barack Obama has laid down his ground rules for the debate over Supreme Court nominee Sonia Sotomayor. The big question now is whether Republicans agree to play by rules that neither Mr. Obama nor his party have themselves followed.
Ground Rule No. 1, as decreed by the president, is that this is ....
Obama and the ‘South Park’ Gnomes
Sometimes it takes “South Park” to explain life’s deeper mysteries. Like the logic of the Obama administration’s policy proposals.
AP
Consider the 1998 “Gnomes” episode—possibly surpassing Milton Friedman’s “Free to Choose” as the classic defense of capitalism—in which
GM to start importing cars from China
By JOSH MITCHELL - Associated Press
Industrial robots assemble a car at the Shanghai General Motors factory in Shanghai, China.
EPA Chief Says CO2 Finding May Not ‘Mean Regulation’
By IAN TALLEY
WASHINGTON—The head of the U.S. Environmental Protection Agency said Tuesday a finding that carbon dioxide and other greenhouse gases are a public health danger won’t necessarily lead to government regulation of emissions, an apparent about-face for the Obama administration.
The comments follow revelations of an administration document warning the EPA
Obama Calls for Urgency in Passing Health-Care Bill
By HENRY J. PULIZZI - Reuters
President Obama delivers a statement on health-care reform on the South Drive of the White House.
WASHINGTON—President Barack Obama pressed lawmakers to send him a health-care bill before the end of the year, saying overhaul is needed to bolster the federal budget and make care more affordable for consumers and businesses.
Putin’s Ninth Year in Power
It has become fashionable to speak of change and liberalization in Russia under President Dmitry Medvedev. May 7 marked his one-year anniversary in office. He has recently granted an interview with an opposition newspaper, allowed a few human-rights activists to criticize Russia’s regime, and even started a blog. There is also a new administration in Washington that wants a fresh start with foreign powers…...
The Future of Nuclear Energy
A bipartisan Congressional commission on U.S. nuclear strategy released its report last week, and it deserved more attention than it got. It delivered a candid message that not many want to hear: We’re a long way from a nuclear-free world.
Led by former Defense Secretaries William Perry and James Schlesinger, the commission .....
Tax Increases will Hurt
Martin Kozlowski
Historians and economists who’ve studied the 1930s conclude that the tax increases passed during that decade derailed the recovery and slowed the decline in unemployment. That was true of the 1935 tax on corporate earnings and of the 1937 introduction of the payroll tax. Japan did the same destructive thing by raising its value-added tax rate in 1997….
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