Gingrich: Watch your Wallet
By Tim Albrecht on January 06, 2009Welcome to 2009. Now watch your wallet.
With the economy in the deepest crisis since the Great Depression, higher taxes are precisely what we don’t need to restore jobs and growth. The Wall Street Journal reported this week that President-elect Obama seems to understand this and is proposing tax cuts as part of his stimulus package. That’s the good news.
The bad news is that some of the nation’s governors don’t seem to get it. They’re still eager to take more of your money, recession or no recession. Read the full list here.
Pelosi reverses House fairness rules
By Tim Albrecht on January 05, 2009House Speaker Nancy Pelosi plans to re-write House rules today to ensure that the Republican minority is unable to have any influence on legislation. Pelosi’s proposals are so draconian, and will so polarize the Capitol, that any thought President-elect Obama has of bipartisan cooperation will be rendered impossible before he even takes office.
Pelosi’s rule changes — which may be voted on today — will reverse the fairness rules that were written around Newt Gingrich’s “Contract with America.”
In reaction, the House Republican leadership is sending a letter today to Pelosi to object to changes to House Rules this week that would bar Republicans from offering alternative bills, (more…)
BREAKING: Richardson out as commerce secretary
By Tim Albrecht on January 04, 2009CHICAGO, Jan 4 (Reuters) - New Mexico Gov. Bill Richardson has withdrawn as President-elect Barack Obama’s nominee for commerce secretary, an Obama aide said on Sunday.
The aide gave no further details, saying only that a statement was due to be released shortly.
Obama said in a statement he had accepted Richardson’s withdrawal with “deep regret.” Read the full story with updates here.
States seek $1T in aid; AFF opposes
By Tim Albrecht on January 04, 2009Reuters reports: “Governors of five U.S. states urged the federal government to provide $1 trillion in aid to the country’s 50 states to help pay for education, welfare and infrastructure as states struggle with steep budget deficits amid a deepening recession.” Read the full story here.
American Future Fund believes that in a bad economy, governments of all sizes need to tighten their belts, just as America’s families are doing. Now is the time to root out budget fat, and not simply throw more money at the problem. We will keep you updated on this and other government bailouts.
Holder to face significant opposition
By Tim Albrecht on January 02, 2009(POLITICO) - Senate committee chairmen expect to begin confirmation hearings for Barack Obama’s Cabinet picks shortly after Congress returns to work next week, with only one — Attorney General nominee Eric Holder — expected to face any significant opposition from Republicans.
Holder’s confirmation hearing is scheduled for Jan. 15, five days before Obama takes the oath. Aides to Republicans and Democrats on the Judiciary Committee and sources close to Holder say they’re braced for a tough fight over his role in the Elian Gonzalez controversy, his relationship with Illinois Gov. Rod Blagojevich, and most of all in his role in former President Bill Clinton’s pardon of Marc Rich. (more…)











