President Obama and many in his administration, as well as the Democrats left in Congress, keep expressing bewilderment as to why the economy is not producing the jobs they had promised with their "stimulus program." The problem is that their model of what is supposed to happen is wrong, and it has been known to be wrong for decades.
One construction company that won multiple awards of money under President Obama's 2009 stimulus program was delinquent on its federal tax bill to the tune of $700,000, even as a company executive was blowing hundreds of thousands of dollars at casinos.
Would you think it is smart to create regulations that make it all but impossible for Americans living abroad to get a bank account in the country where they live? Do you think it makes sense to impose regulations and costs on U.S. financial institutions that would drive needed foreign investment out of the United States for the sole purpose of helping foreign governments collect taxes from their own citizens?
More than 100 employees of the Internal Revenue Service cheated the government by fraudulently claiming a first-time homebuyer tax credit included in the 2008 and 2009 economic stimulus packages, according to federal investigators.
A new IRS filing by the Sugar Bowl shows it paid its CEO just under $600,000 in 2009.
Helio Castroneves took a deep breath and tried to describe his season.
Mike Krzyzewski is once again Duke's highest-paid employee.
Texas Rep. Ron Paul, who announced a third bid for the presidency last week, said on "Fox News Sunday" that he is "well equipped" to serve as commander in chief.
The directors of media conglomerate News Corp., the owner of Fox News Channel, have quietly put in place a policy to disclose corporate political donations on the company's website.
