Commerce

CAGW Releases July Wastewatcher Report

For Immediate Release Contact: Alexandra Booze 202-467-5318
July 7, 2014  

 

The Consumer Financial Protection Racket - er, Bureau

The Cambridge Dictionary defines a “protection racket” as “a situation in which a criminal group demands money from a store owner, company, etc. in exchange for agreeing not to harm them:  run a protection racket [:] These thugs ran a vast protection racket with which all property-owners had to co-operate if they hoped to survive."

End Ex-Im Once and For All

This fall, Congress will have an opportunity to shut off a massive spigot of corporate welfare that costs taxpayers hundreds of millions of dollars each year.  All that senators and representatives have to do is what they do best:  absolutely nothing.  When the authorization for the Export-Import Bank (Ex-Im Bank) expires on September 30, 2014, Congress should not renew its charter.

Obamaloans: The Bank of ACORN

After the public humiliation of the Association of Community Organizations for Reform Now (ACORN) in late 2009 and its subsequent dissolution (at least at the national level) by early 2010, one might have thought that the national shakedown group was dead and buried.  But like a decapitated hydra, another beastly head has already taken its place:  the Community Development Financial Institutions (CDFI) Fund.  Created in the Riegle Community Development and Regulatory Improvement Act of 1994, the CDFI Fund is alive and well.

Lights, Camera, Action? Not Without Tax Incentives

State governments across the country have enacted movie production incentives (MPIs), most commonly through tax credits, in an attempt to lure that business to their states.  While the expenditures on these tax incentives are easily quantifiable, the same cannot be said for the benefits that their supporters claim are produced.

Geez, Louise: Let’s Squeeze the GSEs!

Joe and Teresa Giudice, aka one of the “Real Housewives of New Jersey,” are fresh off of a 39-count indictment for mail fraud, wire/bank/bankruptcy fraud and making false statements on mortgage loan applications.  And when it comes to misleading mortgage-related information, their anthropomorphic equivalent may just be that government-sponsored (and now owned) enterprise (GSE) couple, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, aka Fannie Mae and Freddie Mac.

Got jobs?

For all the hand-wringing since March 1 about the sequester and the Obama administration threatening to furlough thousands of federal employees and contractors, thus marking the end of civilization as we know it, you would be happy to know the federal government is still hiring people.

Light at the End of the Pipeline

At a time when the national debt exceeds $16.5 trillion, the unemployment rate is 7.9 percent, and the United States is searching for ways to reduce dependence on oil from the Middle East, it sure would be nice to have a project that assuages all three concerns at the same time.  Such a project exists – it is called the Keystone Pipeline. Yet despite the overwhelming evidence of the positive impact that the pipeline would have on the American economy, as of March 7, 2013, the Obama Administration and the State Department had delayed making a decision to approve or reject the project for 1,630 days.

CAGW Reacts to VP Biden’s Dollar Coin Announcement

For Immediate Release: Contact:  Leslie K. Paige, (202) 467-5334
December 13, 2011 Luke Gelber, (202) 467-5318

 

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CAGW Names Sen. Kamala Harris August 2018 Porker of the Month

Sen. Harris is CAGW's Porker of the Month for for proposing an expensive and impractical taxpayer-funded rent subsidy.