The fight over mortgage bailout bill still being debated by Congress has helped expose what is one of the best kept secrets in Washington. Despite the fact that the median home is worth $218,000, Speaker Nancy Pelosi is threatening to kill the bill unless the cap on the size of mortgages the federal government can guarantee is raised to $730,000. So why is Pelosi threatening to stall legislation that she believes could help poorer homeowners unless wealthy home owners are bailed out too? Because the wealthy are her core constituency. The Democrats have become the party of the rich.
As good conservatives, we have nothing against the rich per se. Except when they begin to try and use the power of the federal government to prevent other Americans from achieving their dreams. And that is exactly what the left is doing on energy policy. For a generation, the left has been placing its own environmental priorities over energy production. First it was an end to hydro power projects because of ...
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A Nuclear Renaissance via the Air?From: blog.heritage.org
Post Date: 2008-03-04 10:25:32
According to a recent article in Energy and Environment News, the Air Force is planning to build a 100-225 megawatt nuclear power reactor. It will not only provide affordable, reliable electricity to an Air Force base, which has yet to be chosen, but will also be used as a power source for the local community. This is a departure from the usual news regarding the comeback of nuclear power. These stories generally revolve around plans to build large, 1000-1600 megawatt commercial reactors to incr...
Tax Cut FactsFrom: blog.heritage.org
Post Date: 2008-03-04 09:26:54
Since the economy is set to be a key issue in the general election, tax policy will be a major point of departure for the two eventual nominees. Both leading Democrats have pledged to end the Bush tax cuts arguing that they only benefited upper income tax payers and that they also starved the government of needed revenue. Both arguments are false.
On the wealthy’s share of the tax burden Heritage Foundation Center for Data Analysis director Bill Beach notes:
The top five percent of income ...
NAFTA Myth of the DayFrom: blog.heritage.org
Post Date: 2008-03-04 08:47:51
With the leading presidential candidates doubling down on their anti-trade promises, it is important that the facts about the benefits of trade are repeated as often as possible to counter their deceitful populist rhetoric. Today’s ‘NAFTA Myth of the Day’ comes courtesy of Cato Institute’s Center for Trade Policy Studies director Daniel Griswold. Griswold wrote last week:
Ohio workers would pay a heavy price for pulling out of NAFTA. Canada and Mexico are the top two mark...
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