EXCLUSIVE: U.S. Government Loaned Mexican Government More Than $1 Billion to Drill Oil in Gulf of Mexico Last Year; Has $1 Billion More Planned For This Year



(CNSNews.com) – The U.S. Export-Import Bank, an independent federal agency, loaned more than $1 billion to the Mexican state oil company PEMEX in 2009 to support the company’s oil drilling...

The Next Hoover



"Worst president since Hoover."

Democrats have said this at one point or another about every Republican president since, well, Herbert Hoover. That's because Democrats have been waiting for the resurrection of FDR like a cargo cult waiting for one last plane that never comes.

Such wishful thinking is rarely repaid. History...

NJ Gov. Christie plans to campaign in Iowa



New Jersey Gov. Chris Christie, already a tough-talking, budget-slashing, union-bashing regular on cable news talk shows, denies he's considering a presidential run whenever he's asked.

But that's not keeping him from planning a trip next month to Iowa, the state with the nation's first presidential caucus that makes it a...

Thomas Sowell: A Non-Prediction



When people learn that you are an economist, they often want you to predict which way the economy is going. There seem to be more than the usual number of calls for such predictions lately. But an economist should be more aware than others are of how hazardous such predictions can be.

One reason is that what happens in the economy is affected...

Obama Against a Compromise on Extension of Bush Tax Cuts



WASHINGTON — President Obama on Wednesday will make clear that he opposes any compromise that would extend the Bush-era tax cuts for the wealthy beyond this year, officials said, adding a populist twist to an election-season economic package that is otherwise designed to entice support from big businesses...