It looks like Wal-Mart is being forced to scale back expansion due to the struggling economy. That means it’s also being forced to scale back its help in perpetuating the absurd amount of suburban sprawl that the superstore has relied on since its birth. But not by all that More…
As the economy continues to flop, congressional Democrats are pushing harder to move a second economic stimulus bill before the end of the year.
Taxpayers will remember that the first round of stimulus efforts came in the form of direct-to-the-door rebate checks — $600 for individuals and $1,200 for married More…
In a congressional hearing today, former Federal Reserve Chairman Alan Greenspan admitted that his flawed economic philosophy contributed to the financial crisis.
The New York Times took perhaps the strongest line against Greenspan, running the headline “Greenspan Concedes Error on Regulation” and pointing to a “serious flaw in his own More…
Three sound-bites led to the passage of the biggest bailout in world history. The first was that the bailout is “not just for the fat cats” on Wall Street. This, in turn, is because in this crisis “Wall Street and Main Street are joined at the hip.” Finally, anybody who More…
As the banks go national and Wall Street goes loco, states are increasingly feeling the pain of the economic turmoil.
Twenty-one states and the District of Columbia now face budget shortfalls totaling $8.9 billion this fiscal year, according to an analysis released this month by the Center on Budget More…
Who knew, eight years ago, that compassionate conservatism would include the partial nationalization of the banking industry?
It happened today, and some supporters of Sen. Barack Obama hope the new wave of broader federal regulation will spill over into the health-care debate.
Republican presidential nominee Sen. John McCain announces his new economic plan today, just after his rival, Sen. Barack Obama, the Democratic nominee, grabbed headlines on Monday with his new economic plan. I would expect at Wednesday night’s debate to hear the two argue over their new economic More…
Before Sen. John McCain finished his new stump speech Monday, the Obama campaign had already upbraided the GOP nominee for scuttling plans to outline new economic policies.
“Less than 12 hours after his campaign announced that Sen. McCain would finally have some new
McCain campaign manager Rick Davis, in a conference call with reporters today, boldly confronted the big issue on the minds of American voters: Sen. Barack Obama’s connection to the Association of Community Organizers for Reform Now (ACORN.)
However, after he and Missouri’s Republican Gov. Matt Blunt finished denouncing ACORN as More…
He’s no Smith Barney.
In another of what has been a long string of uncomfortable Rose Garden speeches, President George W. Bush this morning tried to reassure Americans that the economy is sound, that their investments are safe.
Here’s what the American people need to know: that the United
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