ALG's Daily Grind: Harbingers of Doom for Obama?

May 31, 2012

Harbingers of Doom for Obama?

Prominent Democrats are leaving Obama's party on issues of conscience.

Video: The President Botches A Fact On A Country That's Growing Financially

The President said something that hurt a lot of people in Poland. By the way, Poland has seen upward momentum. America would love to see upward momentum too, but we have Barack Obama instead.

America's actual health and welfare crisis

The real dangers are not from factory or power plant emissions, or supposed effects of dangerous manmade global warming, they are the result of policies and regulations that the EPA is imposing in the name of preventing climate change.

Alderman and Ewing: Most Aid to Athens Circles Back to Europe

"The European bailout of 130 billion euros ($163.4 billion) that was supposed to buy time for Greece is mainly servicing only the interest on the country's debt - while the Greek economy continues to struggle."

ALG's Daily Grind: What if Greece defaults?

May 29, 2012

What if Greece defaults?

If Germany and the ECB cut off funding to Greece, it will have no other choice but to restore the drachma. By why stop there? Why even bother paying any of the debt?

Video: The War With Plastic Bags Shows That Environmentalism Is At War With Sanity

Los Angeles is barring plastic bags from grocery stores and parts of Maryland are charging for them. This is just one more ridiculous idea that has come from America's environmentalist movement.

Obama's Deficit Chutzpah

Obama: "They run up these wild debts and then when we take over we have to clean it up."

Rare corporate courage and common sense

Despite intense pressure by anti-biotechnology activists, the retailing giant didn't cave in to demands that it "reject" Monsanto's genetically engineered (GE) sweet corn (maize).

ALG - Greece should leave the Euro for its own sake

May 23, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement on the possibility of Greece leaving the Eurozone:

"Running a deficit in excess of 9 percent of GDP, Greece is upside down and will only be able to return to sustainability if it exits the Eurozone. They never have followed the Eurozone's budget rules, and they never will. The political class there has always used the temporarily cheap financing the currency provided as a subsidy for its own excesses.

"The only other way to accommodate Greece and other nations' profligacy in Europe would be for the European Central Bank to monetize and refinance their debts for perpetuity, no matter how large they got. This would transfer wealth from Germany to southern Europe, and transfer inflation from south to north. It would be the end of fiscal sovereignty for all of Europe's powers, but particularly for the greater ones, which would be forced accommodate the waste of their neighbors.

"That likely will not happen. For Greece's own sake, switching back to the drachma and leaving the Euro is the only way out — even if it throws Europe into momentary turmoil. In the end there likely will be no escaping cutting spending, but at least it can be on Greece's own terms, in its own currency, and with the liberty of her people intact."

To view online: http://getliberty.org/greece-should-leave-the-euro-for-its-own-sake/

Attachments:

Greece sets June 17 for new elections, By ALG President Bill Wilson, May 23, 2012 at http://netrightdaily.com/2012/05/greece-sets-june-17-for-new-elections/

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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.

CEI Today: Obama regulations, saving Greece, and EPA chemical regulation

OVER-REGULATION - WAYNE CREWS Openmarket.org: Regulating Obama’s Regulators — And Those of Future Presidents This month, President Obama released a new Executive Order building upon and making permanent the quest for regulatory savings in his January 2011 order called “Improving Regulation and Regulatory Review.” The idea is to ensure that benefits “justify” (alas, not as strong as “exceed”) costs, and to emphasize the “least burdensome” means for achieving regulatory ends. A problem though, is the paltry $10 billion or so in savings so far, touted as a significant achievement by Cass Sunstein, the head of President Obama’s Office of Information and Regulatory Affairs at OMB.  > Read the full comment on Openmarket.org > Interview Wayne Crews   GREECE - BILL FREZZA Realclearmarkets.com: 10 Ways the Greek People Can Save Themselves The tragedy that is Greek democracy has entered its final act. Nothing can save the Greek government. Nothing can save the Greek banks. Nothing can keep Greece on the euro. But the Greek people still have the power to save themselves. Last summer, I penned a column in Forbes titled "Give Greece What It Deserves: Communism." It generated an outpouring of bile from offended Greeks, many of whom blamed everyone but themselves for their troubles. The most recent Greek elections ignited another round of hateful accusations, along with the question, "What would you do to solve the problem?" Here is my answer.  > Read the full commentary on Realclearmarkets.com > Interview Bill Frezza   EPA CHEMICAL REGULATION - ANGELA LOGOMASINI Openmarket.org: EPA’s Design to Strong-Arm the Chemical Industry If you believe the U.S. Environmental Protection Agency, its Design for the Environment (DfE) program is an example of a voluntary effort to protect the environment. In reality, it’s nothing less than a tool designed strong-arm industry into abandoning useful products. The program calls on companies to eliminate certain chemicals from their products voluntarily, largely based on hazard rather than actual risk. > Read the full commentary on Openmarket.org   > Interview Angela Logomasini Also featuring... Obama: Promises Broken, Promises Kept Congress Must End Taxpayers Vulnerability to Government Waste Rep. Nick Rahall Responds, Agrees with Me on MAP-21′s “Sleight of Hand” Pay-Fors Give a Man a Fish A Fit of Sanity on ITAR Land of the Free? Part 2: The Real War on Women   New! Ten Thousand Commandments 2012 An Annual Snapshot of the Federal Regulatory State By Clyde Wayne Crews May 15, 2012 The scope of federal government spending and deficits is sobering. Yet the government’s reach extends well beyond the taxes Washington collects and its deficit spending and borrowing. Federal environmental, safety and health, and economic regulations cost hundreds of billions—perhaps trillions—of dollars every year over and above the costs of the official federal outlays that dominate the policy debate. 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.