Entries in Regulatory Actions (489)
WASHINGTON, DC – Congresswoman Carol Shea-Porter released the following statement after the Wall Street Reform & Consumer Protection Act was signed into law.
“This is a great day for the American people. The Wall Street Reform & Consumer Protection Act will rein in reckless Wall Street banks and protect consumers from abusive lending practices. This historic legislation will end taxpayer funded bailouts, prevent companies from becoming ‘too big to fail’ and create a much-needed consumer protection agency. For years, Wall Street executives operated without proper oversight and their reckless and irresponsible behavior helped cause our nation’s financial crisis. This legislation sends a clear signal: the days of Wall Street acting like a financial Wild West are officially over.”
Solar industry will work with Congress to clarify state feed-in tariff authority
July 16, 2010
>>The Lady Gaga Economy
Vice President for Policy Wayne Crews, inspired by the seeming boundless demand for performances by flamboyant pop star Lady Gaga, meditates on "Say's Law" in economics and what it has to teach us about the current recession. Wayne reminds us that the state of the economy is not the result of a general glut of overproduction – too much stuff for sale and not enough buyers – but of a relative glut in particular sectors of the economy. While there may be too many cars for sale, the demand for concerts, music videos, and merchandise from our most popular entertainers surges ahead unabated. Thus, what we need is not a general demand-side stimulus, but a retrenchment of government policies and preferences that keep the market from re-balancing itself. Tax cuts, deregulation, privatization, and the elimination of other government distortions are the strategies that will allow the U.S. economy to expand and flourish again.
Read Crews' article here.
>>Shaping the Debate
Arin Greenwood's Issue Analysis
Ryan Young's op-ed in The Daily Caller
Clyde Wayne Crews' citation in The Washington Examiner
Lee Doren's citation in The Los Angeles Times
Myron Ebell's citation in The American Spectator
>>Best of the Blogs
By Marlo Lewis Jr.
By Angela Logomasini
Richard Morrison and Marc Scribner welcome back long-lost co-host Michelle Minton to episode 101. We discuss the sobering recommendations of the White House debt commission, the intoxicating budgetary success of Chris Christie in New Jersey, the bunker mentality of UN climate scientists, the travails of urban homesteaders and the birth of scandal-based tourism.
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Concord – Organizing for America-New Hampshire State Director Tim Arsenault released the following statement on the U.S. Senate’s passage of Wall Street Reform today:
“With today’s historic passage of Wall Street Reform, the U.S. Senate and congressional Democrats voted to put Main Street before Wall Street and ensured that Americans will be protected from future economic disasters similar to the one that nearly saw the collapse of our economy less than two years ago.
“Thanks to the vision and courage of President Obama and congressional Democrats Wall Street will now be held accountable for their actions and there will be greater protections for American families, small businesses, community banks and shareholders.
“The passage of Wall Street reform means that another essential element of America’s economic recovery is now in place. President Obama and congressional Democrats vowed to protect the interest of the American people and with this bill they have done just that. By overcoming the opposition of the big banks and their Republican allies congressional Democrats have stood up and said unequivocally that the status quo is no longer acceptable.
“The significance of this bill cannot be understated. President Obama and congressional Democrats have not only passed the most significant and meaningful Wall Street Reform since the 1930’s but they have ushered in a new era of accountability and responsibility that will protect American families from Wall Street’s risky and irresponsible practices. While there is still more work to do to ensure our country’s recovery is sustained I am proud to join the people of New Hampshire in applauding President Obama and congressional Democrats for passing such an important and momentous bill.”