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Phineas, Page 269

Getting it backwards: the legislative veto

At Hot Air, Ed Morrissey writes about the efforts of the Republican minority in the Senate to defeat the Environmental Protection Agency’s efforts to gain via regulation what the environmental left couldn’t achieve via legislation: a cap-and-trade system and other onerous, economy killing “environmental” regulations. Their strategy involves the use of a little known procedure created in the 90s, called the Congressional Review Act. Ed quotes from a Politico article; see if you can spot the problem:.....   [Read More]

Why Keynesian economics is wrong

Progressive economics (and, sadly, the economics of some otherwise sensible Republicans) is based on the idea that, in an economic downturn, one relies on government spending to increase domestic consumption in order to stimulate the economy. Sadly, as the history of the 1930s, 1970s and, now, the early 21st century shows, that really doesn’t work. In this video from the Center for Freedom and Prosperity, the AEI’s Hiwa Alaghebandian explains how Keynesian economics, and thus the entire economic policy of the Obama administration, has it all backwards:.....   [Read More]