The Obama Experts vs. the Rule of Law

HERITAGE FOUNDATION/FOUNDRY/MORNING BELL, 10/4/2010 - Last week President Barack Obama’s most recently minted czar, Special Advisor to the President for the Consumer Financial Protection Bureau Elizabeth Warren, spoke to 400 bankers at the swanky Mandarin Oriental Hotel in Washington, DC. Her message, according to The Washington Post: “Behave, play nice, and we’ll get along just fine.” Specifically, Warren promised to take a more “principles-based approach” to regulation, rather than clearly articulating “thou shalt not” rules that banks could rely on. For this Progressive White House, an enlightened expert, like Warren, given broad new powers by an unaccountably vague statute is exactly what the federal government needs to enforce order on our complex modern world. For our Founding Fathers, however, everything about Warren, from the way she attained her new powers to the way she plans to use them, is antithetical to our nation’s First Principles and the United States Constitution. Read more at the Foundry... Read More......

Government Unions Win, You Lose

THE FOUNDRY/Morning Bell at Heritage Foundation, 1/25/2010 - Since President Barack Obama was sworn into office, the U.S. economy has shed 3.4 million jobs and the unemployment rate has risen to 10%. But not all sectors of the economy have been suffering equally. In fact, the sector of the economy most supportive of President Obama has not only avoided contraction, but has actually managed to grow instead. ∴ According to a report released by the Bureau of Labor Statistics (BLS) last Friday, in 2009 the number of federal, state and local government employees represented by unions actually rose by 64,000. Coupled with union losses in the private sector economy, 2009 became the first year in American history that a majority of American union members work for the government. Specifically, 52% of all union members now work for the federal, state or local government, up from 49% in 2008. Or, to better illustrate these statistics: three times more union members work in the Post Office than in the auto industry. ∴ So what? Why should Americans care if unions are now dominated by workers who get their paychecks from governments, instead of workers who get their paychecks from private firms? There’s one simple reason: private firms face competition; governments don’t. Read more at the Foundry... Read More......