From the Right Side of Campus

Category: Economy

The Government Is Killing Buses All Over Again

Statists never learn. According to Reason TV, in the early part of the 20th century the government began heavily regulating a new industry in the midst of its unprecedented expansion. That industry was busing. And the regulations overreached to include setting fares, schedules, and even outlawing competition in some areas. The bureaucratic mess created by the government ended up crushing the industry. The industry remained in a slump until President Reagan removed many of the devastating and unnecessary regulations from the industry and some dynamic entrepreneurs brought the industry back from the brink. Now, many new bus lines are popping

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Politifact Lies About Paul Ryan and the Janesville GM Plant

Last night Politifact Wisconsin issued one of the least factual and most skewed “fact checks” I’ve ever seen. Not only do they bend over backwards to provide cover to one of the most impotent promises President Obama ever made, they also simply lie about the key facts they use to label Paul Ryan’s claim false. Here is Politifact’s ruling:

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Repealing the Bush Tax Cuts Would Lead to Lower Tax Revenues

Since many liberals are calling for new massive tax increases as a part of the debt ceiling deal congress is fighting over right now I figured it might be a good time to review some of the results of the last major attempt at tax reform. The Bush tax cuts that is. So, what exactly does the data show us about how they performed? First off we need to understand that the revenues resulting from tax structures are completely dependent on the state of the economy. Of course the opposite is viewed by everybody from across the political spectrum to be true as well.

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White House Insists Short Term Deal Would Mean Credit Disaster

As Rory Cooper at The Foundry has noted I had a conversation with White House deputy press secretary Dan Pfeiffer through his official twitter account earlier today. Rory outlines the part of our back and forth that dealt with whether or not the President would sign any deal that made its way to his desk. Pfeiffer said yes but only because he seems to believe that Senate Democrats would never pass a short term deal. Why does the White House believe Senate Democrats would never pass a short term deal? Well, according to Pfeiffer, a short term deal, despite raising

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Obama’s Broken Promises

Back before the election, President Obama made promises about what he would do as President. Since his Inauguration, the President has broken many of these pledges. Who could have seen this coming? Remember the promise of no lobbyists in the Obama Administration? He broke that, as seen in the list of lobbyists in top jobs. Then there was the promise of no earmarks. When he addressed Congress in February after the “Stimulus Bill”, President Obama said that “we passed the recovery plan free of earmarks”. However, even Speaker Nancy Pelosi, who was popping up behind the President with thunderous applause,

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Shocker: Chrysler Won’t Repay Bailout Money

There goes that cash… straight down the money pit. But, hey, what’s $7 Billion among friends. Especially nowadays: Chrysler LLC will not repay U.S. taxpayers more than $7 billion in bailout money it received earlier this year and as part of its bankruptcy filing. This revelation was buried within Chrysler’s bankruptcy filings last week and confirmed by the Obama administration Tuesday. The filings included a list of business assumptions from one of the company’s key financial advisors in the bankruptcy case. Now, a pessimist might say that the bailout money has gone down the black hole that these failing companies

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Fox Business Wins Suit Against Treasury

Looks like the Treasury will actually how to tell us all how they’re wasting our money. That’s the end result of Fox Business Network’s Freedom of Information Act lawsuit against them: FOX Business Network has won a victory against the Treasury Department in its Freedom of Information Act request for details about the government’s bailout plan. Judge Richard J. Holwell of the U.S. District Court for the Southern District of New York said in a decision Friday that the government is directed to comply with FOX Business’s request under the FOIA “within 30 days and to produce a Vaughn index

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Chrysler Expected to Fail Despite Bailout

Well, there’s absolutely no way anybody could have ever seen this coming. There was no way to ever predict anything like this. No posible way to figure out that the massive bailout madness would backfire and leave the tax payers holding the tab. Who would’ve thought that the brilliant thinking behind all of this could have turned out to be idiotic? But none the less most analysts now expect Chrysler to fail despite the massive amount of cash the government has thrown their way. These hideous numbers, reported by the Associated Press, tell the story of the idiocy that is

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Porn Industry Wants 5 Billion Dollar Bailout

In a move that has the potential to be the most egregious story of this entire massive bailout madness the porn industry will ask for a 5 billion dollar bailout. CNN reports: Another major American industry is asking for assistance as the global financial crisis continues: Hustler publisher Larry Flynt and Girls Gone Wild CEO Joe Francis said Wednesday they will request that Congress allocate $5 billion for a bailout of the adult entertainment industry. So, this request has created the potential for the government to not only prop up a dying industry and one of the most dispicable and

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