Economy

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2/21/2011 | Economy

States Ignored Warnings on Unemployment Insurance

State officials had plenty of warning. Over the past three decades, two national commissions and a series of government audits sounded alarms about the dwindling amount of money states were setting aside to pay unemployment insurance to laid-off workers.

"Trust Fund Reserves Inadequate," federal auditors said in a 1988 report.

It's clear now the warnings were pretty much ignored. Instead, states kept whittling away at the trust funds, mostly by cutting unemployment insurance taxes at the behest of the business community. The low balances hastened insolvency when the recession hit, leading about 30 states to borrow $41.5 billion from the federal government to pay unemployment benefits to their growing population of jobless.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

2/14/2011 | Economy, Healthcare

CBO: Obamacare Will Kill 800,000 Jobs Over Decade

CNS News

On the same day that House Democratic Leader Nancy Pelosi (D-Calif.) was chiding House Republicans over job creation, the director of the Congressional Budget Office was testifying in the House Budget Committee that the health-care law President Barack Obama signed last year will kill about 800,000 American jobs over the next decade.

CBO Director Douglas Elmendorf was responding to a question from Rep. John Campbell (R-Calif.) regarding an August report from the CBO.

“We do estimate, as you said, that the household employment will be about 160 million by the end of the decade and half a percent of that is 800,000,” said Elmendorf. “That means that if the reduction in the labor used was workers working the average number of hours in the economy and earning the average wage, then there would be a reduction of 800,000 workers.”

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333Michael Barry, Director of Pastoral Care, Cancer Treatment Centers of America in Phila.
Bullet 333David Bossie, President, Citizens United
Bullet 333Twila Brase, President and Co-founder, Citizens' Council on Healthcare Freedom
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333Marjorie Dannenfelser, President and Chairman of the Board, Susan B. Anthony List
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

2/11/2011 | Economy

Obama Administration to Offer Three Solutions for Fannie Mae, Freddie Mac Reform

Associated Press

The Obama administration is poised to release long-awaited proposals for reducing government support of the mortgage market, but Congress will choose the path for reforming financially teetering housing finance giants Fannie Mae and Freddie Mac.

The Treasury Department is scheduled to release a report Friday that lays out three choices for winding down Fannie and Freddie and moving to a more privatized mortgage market, according to a number of people familiar with the administration's approach.

The 20- to 25-page report will not endorse any of the options -- a decision by the administration designed to provoke a discussion about the role of government in housing finance without roiling the housing market or locking President Barack Obama to a particular solution.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

2/10/2011 | Economy

Get ready for higher food prices

WORLD-HERALD

Warnings of higher food prices headed for American supermarkets and restaurants were swallowed easily across much of farm country Wednesday.

The big gulp came when the U.S. Department of Agriculture reported that global demand had pushed U.S. corn supplies to their lowest point in 15 years.

The price of corn, which has doubled over the past six months, affects most food products in supermarkets. It's used to feed the cattle, hogs and chickens that fill the meat aisles.

Corn also is part of the agricultural blend that fuels the economies of Nebraska, Iowa and other farming states. Iowa is the nation's top corn-producing state; Nebraska is third.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

2/9/2011 | Economy

House Republicans Want U.N. to Send Back Millions in Overpaid U.S. Contributions

CNS News

The new Republican majority in the U.S. House of Representatives kicks off its campaign to seek accountability in the United Nations on Wednesday. Lawmakers plan to vote on a bill aimed at securing the return of $179 million that was overpaid into a U.N. tax fund.

The bill, sponsored by Rep. Ileana Ros-Lehtinen (R-Fla.), chair of the House Foreign Affairs Committee, requires the administration to ask for the money back.

Until the administration certifies that the full sum has been returned, the bill requires that the U.S. withhold an equivalent amount from its contribution to the regular U.N. budget.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

2/3/2011 | Economy

Santorum: Don’t Bail Out California—Or Any Other State

CNS News

Former Sen. Rick Santorum (R.-Pa.), who says he is considering a run for the Republican presidential nomination, told CNSNews.com that the Republican-controlled House of Representatives should not approve a bailout for California or any other state.

"You can’t bailout one," Santorum told CNSNews.com's "Online With Terry Jeffrey." "If you bailout one, then Katie bar the door. Every state with a deficit is going to come for money of which we don't have."

Last fall, California’s Legislative Analyst’s Office said that the state faced annual budget deficits of about $20 billion per year for each of the next five years. Many other states face similar fiscal problems, driven by Medicaid costs and the pay and pension packages of state employees.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

2/2/2011 | Economy, Energy Policy

Chamber of Commerce to Obama Administration: Bright Future for U.S. Energy Requires ‘Government Getting Out of the Way’ Wednesday, February 02, 2011

CNS News

The U.S. Chamber of Commerce says the key to solving the nation's energy challenges in a struggling economy is for the government to allow the private sector to develop domestic energy resources, including traditional sources such as oil and gas, as well as renewables.

Karen Harbert, president and CEO of the Chamber's Institute for 21st Century Energy, said this work requires the “government getting out of the way so investments can be made and revenue can be generated” by the private sector.

Harbert spoke Tuesday at the Chamber’s national headquarters in Washington, D.C., at an event to unveil the institute’s new plan, “Facing Our Energy Realities: A Plan to Fuel Our Recovery.”

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

2/1/2011 | Economy, Israel

GOP Senator Favors Cutting US Aid to Israel

Associated Press

Freshman Republican Sen. Rand Paul is calling for deep cuts in foreign aid, including eliminating U.S. money for Israel, a plan that has drawn criticism from Democrats and Republicans.

The tea party-backed Paul unveiled a budget proposal this week that would slash overall government spending by $500 billion, saying the growing debt requires nothing less. It makes significant cuts in education, energy and defense while eliminating some agencies.

The Kentucky senator also is calling for cutting billions from foreign aid, and told CNN he would end the $3 billion in foreign military assistance to Israel.

The Republican Jewish Coalition called the idea misguided. Rep. Nita Lowey of New York, the top Democrat on the Appropriations subcommittee on foreign operations, said the U.S. can't renege on an ally.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333Paul "Dave" Gaubatz, Owner-Director, Wahhabi CT Publications
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Peter Lillback, President, Westminster Theological Seminary
Bullet 333Jan Markell, President, Olive Tree Ministries
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Walid Shoebat, President, Shoebat Foundation
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333William Sutter, Executive Director, The Friends of Israel
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

1/27/2011 | Economy, Healthcare

Medicare Official Doubts Health Care Law Savings

Associated Press

Two of the central promises of President Barack Obama's health care overhaul law are unlikely to be fulfilled, Medicare's independent economic expert told Congress on Wednesday.

The landmark legislation probably won't hold costs down, and it won't let everybody keep their current health insurance if they like it, Chief Actuary Richard Foster told the House Budget Committee. His office is responsible for independent long-range cost estimates.

Foster's assessment came a day after Obama in his State of the Union message told lawmakers that he's open to improvements in the law, but unwilling to rehash the health care debate of the past two years. Republicans want to repeal the landmark legislation that provides coverage to more than 30 million people now uninsured, but lack the votes.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333Michael Barry, Director of Pastoral Care, Cancer Treatment Centers of America in Phila.
Bullet 333David Bossie, President, Citizens United
Bullet 333Twila Brase, President and Co-founder, Citizens' Council on Healthcare Freedom
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333Marjorie Dannenfelser, President and Chairman of the Board, Susan B. Anthony List
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

1/26/2011 | Economy

FACT CHECK: Obama and his imbalanced ledger

Associated Press

The ledger did not appear to be adding up Tuesday night when President Barack Obama urged more spending on one hand and a spending freeze on the other. Obama spoke ambitiously of putting money into roads, research, education, efficient cars, high-speed rail and other initiatives in his State of the Union speech.

He pointed to the transportation and construction projects of the last two years and proposed "we redouble these efforts." He coupled this with a call to "freeze annual domestic spending for the next five years."

But Obama offered far more examples of where he would spend than where he would cut, and some of the areas he identified for savings are not certain to yield much if anything.

For example, he said he wants to eliminate "billions in taxpayer dollars we currently give to oil companies." Yet he made a similar proposal last year that went nowhere. He sought $36.5 billion in tax increases on oil and gas companies over the next decade, but Congress largely ignored the request, even though Democrats were then in charge of both houses of Congress.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

1/24/2011 | Economy, Governmental Control

Federal Gov’t. Plans Billion-Dollar Drug Development Center to Help Create Medicines

Associated Press

Federal officials concerned about the slowing pace of new drugs coming out of the pharmaceutical industry have decided to start a billion-dollar government drug development center to help create medicines.

The New York Times reported on its website Saturday about the new effort that comes as many large drug makers, unable to find enough new drugs, are trimming back research.

Promising discoveries in illnesses like depression and Parkinson's that once would have led to clinical trials are instead going unexplored because companies are not inclined and do not have the money to undertake the effort.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Chuck Colson, Prison Fellowship
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333Tom DeLay, Former House Majority Leader, United States House of Representatives
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333Chuck Donovan, Senior Research Fellow-DeVos Center for Religion a, The Heritage Foundation
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Steve Elliott, President, Grassfire.org
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333Frank Gaffney, Founder and President , Center for Security Policy
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Rick Green, President, Torch of Freedom Foundation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Cliff Kincaid, President, America's Survival, Inc.
Bullet 333Jennifer Marshall, Director of Domestic Policy Studies, The Heritage Foundation
Bullet 333Gary Marx, Executive Director, Judicial Confirmation Network
Bullet 333Ryan Messmore, William E. Simon fellow in Religion and a Free Soc, The Heritage Foundation
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Phyllis Schlafly, President and Founder, Eagle Forum
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333Lorianne Updike, President & Executive Director, The Constitutional Sources Project
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

1/21/2011 | Economy, Healthcare

Yes, We Need Health Care Reform – But Not This Law, Critics Say After Repeal Vote

CNS News

While the Obama administration warns about rising costs and insurance company “discrimination” if the Democrats’ health care law is repealed, critics of the new law say that’s not the point.

Most Americans agree the nation’s health care system needs reforming, said a conservative civil liberties group. But the big-government approach, with its mandate that everyone must buy insurance, is not the way to go about it, a number of critics said in statements released after the House voted to repeal “Obamacare.”

"A clear majority of members in the House -- as well as most Americans -- understand that health care reform must happen, but the pro-abortion, government-run ObamaCare falls short in so many areas,” said Jay Sekulow, Chief Counsel of the ACLJ. “This repeal vote emphasizes a legislative commitment to derail ObamaCare -- whether it's through the repeal process or, as some are advocating, by defunding the law.”

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333Michael Barry, Director of Pastoral Care, Cancer Treatment Centers of America in Phila.
Bullet 333David Bossie, President, Citizens United
Bullet 333Twila Brase, President and Co-founder, Citizens' Council on Healthcare Freedom
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333Marjorie Dannenfelser, President and Chairman of the Board, Susan B. Anthony List
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

1/17/2011 | China, Economy

Hu calls currency system 'product of the past'

Breitbart

China's President Hu Jintao said Sunday the international currency system was "a product of the past," but it would be a long time before the yuan is accepted as an international currency.

Hu's comments, which came ahead of a state visit to Washington on Wednesday, reflected the continuing tensions over the dollar's role as the major reserve currency in the aftermath of the US financial crisis in 2008.

"The current international currency system is the product of the past," Hu said in written answers to questions posed by The Wall Street Journal and the Washington Post.

Highlighting the dollar's importance to global trade, Hu implicitly criticized the Federal Reserve's recent decision to pump 600 billion dollars into the US economy, a move criticized as weakening the dollar at the expense of other countries' exports.

"The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the US dollar should be kept at a reasonable and stable level," Hu said.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

1/13/2011 | China, Economy

List of US concerns with China grows

FT.com

China must reduce unfair subsidies, stop the theft of intellectual property and let its currency appreciate, Tim Geithner has said.

The US Treasury secretary, in a speech on Wednesday ahead of next week’s visit by Hu Jintao, Chinese president, widened US concerns about Chinese economic policy well beyond currency, which has been a focus of Capitol Hill’s anger.

But he sought to reduce the blame put on China for domestic economic woes. He said the US needed to invest more in research and development, to reform education and to improve public infrastructure.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

1/12/2011 | Economy

Chamber of Commerce Supports 'Comprehensive Immigration Reform' for Illegal Aliens While Touting Need for Jobs in U.S.

CNS News

U.S. Chamber of Commerce President and CEO Tom Donohue, noting that 27 million Americans are unemployed, underemployed, or have given up on finding a job, said his organization supports “comprehensive immigration reform” for the estimated 12 to 14 million illegal aliens who are working in the United States.

“Unemployment had exceeded 9 percent for 20 consecutive months,” Donohue said in his annual State of American Business address at the Chamber’s headquarters in Washington, D.C., on Tuesday. “Some 27 million Americans are either unemployed, underemployed or have give up looking for work.”

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

1/6/2011 | Economy

Jobless claims rise more than expected

MSNBC

More people applied for unemployment benefits last week, one week after applications fell to their lowest level in more than two years.

But the rise wasn't enough to stall the longer-term trend. The four-week moving average, which levels out noise in the data, fell to 410,750, its lowest level since late July 2008.

The Labor Department said applications rose by 18,000 to a seasonally adjusted 409,000 in the week ending Jan. 1. Applications fell to 391,000 in the previous week, the lowest point since July 2008.

Fewer than 425,000 people seeking unemployment benefits signals modest job growth. But economists say applications need to fall consistently to 375,000 or below to substantially bring down the unemployment rate. Applications for unemployment benefits peaked during the recession at 651,000 in March 2009.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

1/5/2011 | China, Economy

World Bank taps offshore yuan bond market for first time

Reuters

The World Bank issued its first yuan-denominated bond, raising $76 million and trying to promote the use of the Chinese currency in international markets at a time when China's stake in the institution is about to increase.

The World Bank said in a statement on Wednesday the International Bank for Reconstruction and Development, its low-interest lending arm, had priced the two-year paper at 0.95 percent, representing the lowest yield so far on same-maturity dim sum bonds -- the nickname for yuan-denominated bonds issued in Hong Kong.

The offshore yuan market in Hong Kong has seen explosive growth in less than a year, with renminbi deposits in the former British colony surging more than 150 percent in the six months to October 2010. Global companies and institutions such as the Asian Development Bank, McDonald's Corp and Caterpillar have all issued yuan bonds.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

1/3/2011 | Economy

New GOP oversight chairman calls administration 'corrupt'

The Washington Post

The Republican congressman who is taking over responsibility for congressional oversight called President Obama's administration "one of the most corrupt administrations" on Sunday and predicted that the investigations he is planning over the next two years could result in about $200 billion in savings for U.S. taxpayers.

Rep. Darrell Issa (R-Calif.), the incoming chairman of the House Oversight and Government Reform Committee, was bullish in laying out his agenda for the new Congress with Republicans in control of the House.

Issa, who as chairman will have subpoena power, said he will seek to ferret out waste across the federal bureaucracy. While he used fiery rhetoric in describing the Obama administration in a series of television interviews Sunday, he said he will focus on wasteful spending, not the prosecution of White House officials.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

12/23/2010 | Economy

Deal Reached on Aid Package for 9/11 Responders

Associated Press

After a last-minute compromise, the Senate passed legislation Wednesday to provide up to $4.2 billion in new aid to survivors of the September 2001 terrorism attack on the World Trade Center and responders who became ill working in its ruins.

A House vote was expected on the bill within hours as lawmakers raced to wrap up their work for the year.

The measure was a product of a compromise involving Democratic Sens. Charles Schumer and Kirsten Gillibrand of New York and Republican Sen. Tom Coburn of Oklahoma.

The 9/11 legislation provides money for monitoring and treating illnesses related to Ground Zero and reopens a victims' compensation fund for another five years to cover wage and other economic losses of sickened workers and nearby residents. Schumer and Gillibrand had sought $6.2 billion and keeping the compensation fund open for 10 years.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res

12/7/2010 | Economy, Taxes

Tax cut deal and surprise stimulus - the cost

CNNMoney.com

The compromise on the Bush tax cuts announced Monday night between President Obama and Republicans could cost between $700 billion and $800 billion if ultimately signed into law as is -- no sure thing given opposition from many Democrats. About half of the measures in the announced package might be considered new short-term stimulus, meaning they may add to the deficits for two more years, but could help maintain the economic recovery and help spur economic activity and job creation.

Recommended Guests:

Bullet 333Barry Asmus, Senior Economist, National Center for Policy Analysis
Bullet 333David Bossie, President, Citizens United
Bullet 333Dan Celia, Host, "Financial Issues Live" Radio Program
Bullet 333Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Bullet 333Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Bullet 333William Devlin, National President, Redeem The Vote
Bullet 333James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Bullet 333Joseph Farah, CEO, Founder, WorldNetDaily
Bullet 333James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Bullet 333Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Bullet 333Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Bullet 333Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Bullet 333Larry Hunter, President, The Social Security Institute
Bullet 333Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Bullet 333Joe Murray, Columnist, The Bulletin
Bullet 333Grover Norquist, President, Americans for Tax Reform (ATR)
Bullet 333Chuck Stetson, Co-founder and Managing Director, PEI Funds
Bullet 333Tony Strickland, Taxpayer Advocate
Bullet 333John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
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