ALG's Daily Grind - Obama wants to bet $130 billion on bailing out Europe

March 14, 2013

Obama wants to bet $130 billion on bailing out Europe

The euro cannot be saved. It's time for taxpayers to get out while the getting's good.

Rumored Obama Labor nominee has a truth problem

Perez knowingly lied to the U.S. Civil Rights Commission when he insisted under questioning that political appointees were not involved in overturning the decision to not to prosecute two New Black Panther Party leaders who were caught on camera threatening voters at a Philadelphia polling place.

Boehner: GOP a 'minority party'

Speaker of the House majority talks down debt ceiling, spending prioritization, and continuing resolution options to balance budget and repeal Obamacare.

ALG's Daily Grind - The Fed's coming state and muni bond bailout?

Oct. 26, 2012

The Fed's coming state and muni bond bailout?

States already got a $344.7 billion bailout from Obama. Will the central bank double down and buy hundreds of billions of muni debt?

Horses and Bayonets

Sometimes rhetoric and records don't match up.

Perverse environmentalist oil sands ethics

It's time to apply the same legal, ethical and credibility standards to anti-oil sands outfits that they insist on applying to the corporations they denounce.

Staley: Did Economists Doom Obama's Presidency?

"The fact that the economy is still struggling with legions of discouraged and underemployed workers after the federal anti-recession efforts started should humble policymakers and professional economists."

ALG's Daily Grind - Could European bailouts cost Democrats the Senate?

Oct. 11, 2012

Could European bailouts cost Democrats the Senate?

U.S. taxpayers are forced to spend billions to save Europe. But will there now be political fallout in November?

Video: Our Preview Of The Lies You Will Hear At The VP Debate

Obama/Biden have a number of whoppers in store for the debates to come. Here now is a look at what Representative Ryan will hear in his sparring session with Vice President Biden.

Green energy out of gas?

What have the American people gotten from Obama's $90 billion "investment" in green energy?

A fraudulent narrative

How will taxing the rich balance the budget when Obama's tax increases will generate only $68 billion a year? With $1.2 trillion deficits each of the last three years, this additional revenue will reduce the deficit by just 6 percent. 

CEI Today: TSA body scanners, Obama bailouts & jobs failures, and new global warming data

TSA BODY SCANNERS - ROBERT L. CRANDALL & MARC SCRIBNER

Tribune-Review: TSA flouts the law on body scanners

For more than five years, the Transportation Security Administration has been deploying full-body imaging scanners in our nation’s airports. About 700 scanners have been deployed in nearly 190 airports nationwide.

While the agency keeps installing these devices, there are real doubts whether these are actually making anybody safer. Yet because TSA failed to solicit public comments about the scanners — in violation of federal law — the agency is flying blind. >Read the full commentary on Triblive.com

>Interview Marc Scribner

ROMNEY OHIO ADS & AUTO BAIL OUTS - JOHN BERLAU & MARK BEATTY National Review: Auto-Bailout Casualties - The Obama administration insisted on closing too many dealerships. In the Obama auto bailouts, jobs were not all created equal. The administration moved heaven and earth to save the jobs and generous benefits of General Motors and Chrysler workers who belonged to the United Auto Workers, ripping up the contracts of bondholders and secured creditors to give the UAW an enlarged stake in the new companies. But non-UAW workers affected by the bankruptcies were not so lucky. At a former GM subsidiary, Delphi, which manufactures automotive parts, 28,000 UAW workers were paid full pension benefits that GM had promised, but 41,000 other workers were not.  > Read the full commentary on Nationalreview.com >Interview John Berlau or Mark Beatty

JOBS - MATT PATTERSON The Washington Times: Obama’s jobs council a total flop, Anti-poverty programs are actually anti-prosperity When President Obama's Council on Jobs and Competitiveness last gathered in January, he boasted, “This has not been a show council. This has been a work council. I have been tracking implementation of [the council‘s] recommendations. And we’ve seen substantial progress across the board.” Substantial progress? Six months after that meeting, unemployment remains stuck at 8.2 percent. The reality is even worse than this number suggests: Labor Department statistics only count those who have actively sought work in the preceding four weeks.   > View the full commentary at Washingtontimes.com >Interview Matt Patterson

GLOBAL WARMING DATA - MARLO LEWIS Globalwarming.org:John Christy: Climate Data Maven Earlier this week, the Senate Environment & Public Works Committee held a hearing entitled “Update on the Latest Climate Change Science and Adaptation Measures.” Testimony by Dr. John Christy of the University of Alabama Huntsville is too valuable not to share with the folks who visit this site. Christy emphasizes that he is not using these data to prove that U.S. weather is becoming less extreme or colder. Rather, his point is that “extreme events are poor metrics to use for detecting climate change.” >Read the full commentary on Globalwarming.org >Interview Marlo Lewis

Also featuring... CEI’s Battered Business Bureau: The Week In Regulation Update On TSA’s Lawlessness Over Body Scanners Who’s Really Responsible For Making Sure Teens Don’t Smoke?

Deal: Stealing You Blind book just $6 (and some change) on Amazon! Get your copy today!

CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government.  For more information about CEI, please visit our website, cei.org, and blogs, Globalwarming.org and OpenMarket.org.  Follow CEI on Twitter! Twitter.com/ceidotorg.

U.S. IMF tab reaches $32.7 billion, ALG responds

May 21, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson issued the following statement on the latest report from the International Monetary Fund (IMF) showing $10.77 billion of a $100 billion credit line has been tapped, which comes atop another $22 billion that had been borrowed from the U.S. $64 billion quota to the Fund as of Dec. 2011:

"The past two months has seen a steady rise in U.S. lending to the IMF, with an additional $3.5 billion, undoubtedly to help prop up Europe as it struggles through its sovereign debt crisis. This brings U.S. crisis lending to the Fund up to about $32.7 billion.

"Overall, the IMF has expanded total lending by $9.1 billion in the past two months, with $6.78 billion for Portugal and $2.13 billion for Greece alone. That means the U.S. in the past two months has provided over 38 percent of funds to prop up Europe, well in excess of our 17.72 percent quota obligation to the Fund. The IMF could not bail out all of Europe if it wanted to. It was never designed to be used by advanced economies in the first place. Yet, here we are.

"If the European Central Bank, Germany, and others in Europe do not want to borrow and print their own money to prop up Greece and Portugal, why should the rest of the world go into debt to prop up a sinking ship?

"This raises urgency for the House Financial Services Committee chaired by Rep. Spencer Bachus to bring up HR 2313 immediately so that it can be heard on the floor of the House. Bachus' lack of attention to this bill is puzzling, as this legislation would rescind what remains of the U.S. $100 billion credit line to the Fund before it is all used propping up banks that bet poorly on European sovereign debt."

To view online: http://getliberty.org/u-s-imf-tab-reaches-32-7-billion-alg-responds/

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Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please call us at 703-383-0880 or visit our website at www.GetLiberty.org.