After spending quite a bit of time complaining that the post office is losing money (partially because they are being forced to actually fund their pensions like a regular business), Congress has turned a quick about face:
A spending measure passed by the House on Wednesday to keep the government operating through September requires that the Postal Service maintain a six-day mail delivery schedule, a potential setback for the agency, which announced last month
I must hand it to Harvard: only at Harvard could someone be educated enough to make such a weak argument:
In making the legal case against Obamacare’s individual mandate, challengers have argued that the framers of our Constitution would certainly have found such a measure to be unconstitutional. Nevermind that nothing in the text or history of the Constitution’s Commerce Clause indicates that Congress cannot mandate commercial purchases. The framers, challengers have claimed, thought
About why what the left has been doing to us for the last century, whether you think it was meant to do good or not, is wrong, was made by Glenn H. Reynolds, he of Instapundit fame, here:
The Constitution of the United States was supposed to create a federal government limited to the comparatively few powers specifically enumerated therein, mostly in Article I, Section 8. The idea was that the federal government would
The “Speaking Of Geniuses” thread is still active, your money and how much of it you get to hold on to is near and dear to everyone’s heart, but for you corporate tycoons and runners of businesses, remember one thing, Washington wants what is yours and will legislate to steal it:
Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up a “Reasonable Profits Board” to control gas profits.
The Democrats,
In a move that pissed me off, the congressional republicans buckled and offered the democrats $300 million in new taxes, only to have the democrats rebuff the offer, now making it all but obvious that their intent from the beginning was to have the special debt-reduction committee, which has two weeks left, fail for political reasons.
Congressional Republicans have for the first time retreated from their hard-line stance against new taxes, offering to raise
This is the first of two posts, one on housing, one on banking. I’ll post the second one shortly.
Just when you thought it was safe to get back into the financial waters our dumbass government decides to resurrect the housing bubble — or at least try to.
First, there is the effort to maintain the high limit on conforming loans — that is, the loans that Fannie/Freddie will backstop. The upper limit on these … Read more
The latest revelations in the whole disastrous fiasco around Solyndra, one of the Obama Administration’s new green jobs model companies, are unbelievable, as can be seen from this ABC News article on the subject.
First off, it now looks like the Obama Administration had DOE operatives keep a close eye on the “going ons” at Solyndra, because of the concern that the fears that republicans had expressed that the company was in dire straights, might … Read more
The reasons behind dismal congressional approval ratings are rather obvious, not only is finding D.C. types that “get it” harder then what Lot went through in his search for 10 righteous men in Sodom, but it is clear to everyone that getting anything done is secondary to sticking it to the opposition and looking good doing it. I don’t think there has ever been a time in my lifetime where universal derision has not been … Read more
This really captures how I feel:
Over the course of history, Congress and the White House have seen highs and lows. Times that can be remembered with pride and other times when politicians failed to meet the American people’s expectations. Right now, we are at a very, very low point—the worst I’ve seen since I moved to Washington in September 1972. Never in my memory have both parties and both ends of Pennsylvania Avenue appeared
The House failed to vote today on the Boehner debt ceiling bill. There are, apparently, too many Republicans holding out as well as all the Democrats. As a result, credit default swaps on US treasuries are at the highest they’ve been since the 2008 financial crisis.
I tweeted this some time ago and the more I watch this unfold, the more I’m convinced it’s going to happen. Three years ago, Congress failed to pass TARP. … Read more
