- Ted Nugent raffles AR-15 for Colo. candidate Tom Tancredo
- White House ‘recalibrating strategy’ on Obama’s surgeon general nominee
- Obamacare youth push escalates with meme-themed website
- Crimean P.M. mocks Obama in faked Russian uniform on Twitter
- Another GM recall: 1.18M SUVs for air bag issue
- GOP strikes back: We are not the party that wages war on women
- Third person dies after South By Southwest crash
- L’Wren Scott dead in apparent suicide; fashion designer was Mick Jagger’s girlfriend
- Diamond-encrusted $3.2M men’s suit repels bullets
- PHILLIPS: The insanity of ‘free trade’ agreements
Latest Peter Wallison Items
This is shaping up as the month that President Obama and the Democrats begin to slip further into political decline and irrelevance.
Did you know that there are more than 6,000 think tanks globally, and about 2,000 in the United States? In the past two weeks, two major rankings of think tanks have been released.
On Dec. 28, the Financial Times announced, "China has again outshone the U.S. as the top venue for initial public offerings." How is it that since 2008, a self-proclaimed communist country raises more capital and has more new firms going public than the great bastion of free-market capitalism, the United States? Answer: Members of Congress have been killing the U.S. financial markets because of hubris, incompetence and a lust for power and money.
Which two have done more to improve your life - Thomas Edison and Steve Jobs, or Barack Obama and Nancy Pelosi? Some people, in their pursuit of profit, benefit their fellow humans by creating new or better goods and services, and then by employing others. We call such people entrepreneurs and productive workers. Others are parasites who suck the blood and energy away from the productive. Such people are most often found in government.
Want more evidence that many government officials could not care less about protecting our person, property and liberty - which the American Founding Fathers saw as the basic purpose of government? Reports released this past week provided a bumper crop of evidence.
Americans have lost more than $4 trillion in assets since the housing market collapsed in 2006. Risky government mortgage lending regulations helped inflate prices beyond reason, but those policies have not gone away. Instead, they've just moved into a new home, the Federal Housing Administration (FHA). Unless Congress acts to renovate eligibility requirements for borrowers, we could see an even worse financial disaster unfold.