Cancel the bailout
December 17, 2008 | By Nathaniel Ward
Since politicians in Washington are increasingly treating the Troubled Assets Relief Program as a slush fund for their favored political projects and since there are better ways to deal with future financial crises, the $700 billion Wall Street bailout should be canceled, Heritage Foundation experts say.
"It is time to end the continued use and abuse of TARP funds," Heritage vice president Stuart Butler writes in an article distributed to lawmakers and the media.
»Continue reading on MyHeritage.org
Congressional freshmen turn to Heritage
Nineteen newly-elected members of Congress—seventeen Republicans and two Democrats—attended a two-day briefing at The Heritage Foundation last week about the important issues facing the country in the coming year.
Heritage experts, including former Sen. Jim Talent, presented conservative alternatives on key topics like runaway government spending, expanding the energy supply, reforming the health care system, enacting a pro-growth tax program and implementing sound national security and foreign policies.
The Senator-elect and 18 Representatives-elect were eager to learn about the issues and discover common-sense solutions to difficult problems, Heritage's government relations team reported.
After every election, The Heritage Foundation hosts a two day-long orientation for newly-elected members of Congress to educate them about the importance of upholding conservative principles once in office.
— David Talbot
Other Heritage work of note
- The Heritage Foundation is rapidly growing its online presence. Over 2,500 Facebook users have become fans of The Heritage Foundation (become a fan) and more than 2,000 follow us on Twitter (follow us today).
- The perfect present — a Heritage necktie by Vineyard Vines. These elegant ties feature The Heritage Foundation bell on navy, red, green or raspberry. Made of hand-woven silk at a standard 56 inch length, these ties are a wonderful addition to any wardrobe. Order your tie online today for $35, or call (800) 544-4843. Order by December 18 to receive your tie in time for Christmas.
In other news
- "I've abandoned free-market principles to save the free-market system," President Bush said yesterday.
- A new Washington Post-ABC News poll reveals that a majority of Americans oppose a government rescue of the Big Three automakers.
- The Federal Reserve cut a key interest rate target to between 0 and 0.25 percent, the lowest rate ever.
- Police discovered explosives in a Paris department store today. A French group demanding withdrawal from Afghanistan claimed responsibility.
- Caroline Kennedy, the daughter of President John F. Kennedy, notified New York's governor of her interest in the Senate seat Secretary of State nominee Hillary Clinton.
- Michael Barone weighs in on who is at fault for the decline of the Big Three
- President-elect Obama nominated Chicago Public Schools chief Arne Duncan to be the next Secretary of Education.
Coming up at Heritage
To attend these or any other events at Heritage please RSVP at Heritage's website. Or you can view these events live online. All times are Eastern.
- On Thursday, December 18 at noon, the President's Special Envoy to Sudan Ambassador Richard Williamson will discuss the possibilities for peace in Sudan.
Nathaniel Ward is the Editor of MyHeritage.org—a website for members and supporters of The Heritage Foundation. David Talbot contributed to this report.
