Posts tagged "Congress"

Sequestration: It's Much Ado About Nothing

Tammy Duckworth--the candidate of out-of-state, left-wing special interests

The headlines yesterday were about how Tammy Duckworth, the Democratic challenger, out raised  GOP incumbent Joe Walsh. As if that “right wing wing nut” Walsh were in big trouble because Duckworth is the sane, moderate one. This story, for example, refers to Walsh , as a “controversial tea party-backed freshman,”  but fails to characterize Duckworth... Read more »

Why are senior Democrats trying to out Rep. Jesse Jackson Jr?

With Rep. Jesse Jackson Jr. suffering from a reported “mood” disorder, the folks demanding full disclosure are not mainly Republicans, but Democrats such as Illinois Sen. Dick Durbin and Rep. Luis Gutierrez (D-Ill.) Come out, come out, wherever you are and explain yourself. Or at least have the Jackson family explain where you are and why... Read more »
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Congress does right; defeats $6 billion corn ethanol subsidy

Unbelievable, but true. One of the most sacred of cows, the corn ethanol subsidy will not be renewed. Here’s where Friends of the Earth and I agree. Here is part of its news release: Corn ethanol no longer a sacred cow; After long campaign, diverse coalition prevents renewal of blenders’ tax credit Washington, D.C. — Congress... Read more »

Gov. Christie to Obama: 'What the hell are we paying you for?'

He also blames both parties for the super committee’s failure to solve the problem. Let’s hear it for the big guy.

Book: Rahm Emanuel dumped $250,000 in Freddie Mac stock days before it collapsed

Insider Trading? Is it illegal? It might not be because: While by no means illegal; lawmakers are exempted from the insider trading laws they impose on private traders. At the least there are all sorts of potential and serious conflicts of interest, demonstrating that even Democrats are not immune from financial hanky panky. Read the... Read more »
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CME, Rahm Emanuel and new bailouts?

This is from Newsalert. Very interesting. The new Dodd-Frank bill has an usual provision in it. Never before could a U.S. financial exchange get a bailout from the Fed. But, now thanks to Dodd-Frank : America’s largest futures exchange can get a direct line of credit from the Fed. Former CME board member Rahm Emanuel was... Read more »

Why a $4 trillion deficit reduction would be easier than $1.2 trillion

The idea is certainly counterintuitive, but it’s a serious proposal from the Committee for a Responsible Federal Budget. This is the group’s explanation: … a Go Big approach [$4 trillion] is not just what is needed to get control of the debt from a policy perspective, a comprehensive approach can also improve the chances of... Read more »

End all energy subsidies, whether for coal or renewables.

Now here’s an idea that I could support, and I think that many Americans would too. Below is a press release highlighting legislation that would do exactly that. It’s from Freedom Action, “a web-based gathering of activists dedicated to self governance and free markets.”  Its web site is FreedomAction.org. Freedom Action Supports New Bill to End Energy... Read more »
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Mayor Bloomberg: Occupy Wall Street can be entertaining...

…but it’s not helping; it’s looking backwards, not forward, and we should be looking at how to make this country greater. So says Mayor Michael Bloomberg
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    Chicago Tribune contributing op-ed columnist and author of forthcoming historical novel, "Madness: The War of 1812." Reporter, editor and columnist for Chicago Sun-Times and Chicago Daily News. Freelance writer and editor.

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