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Timothy Carney
Timothy Carney: Shocking! Windmill owner wants subsidies!
- W ould a major newspaper editorialize with surprise that “even Kraft Foods says we need to eat more macaroni and cheese”? Would guests on The McLaughlin Group get away with saying that “even Budweiser is lobbying for more beer consumption”?
Timothy Carney: Novak, the master muckraker
- T he hardest-working man I have ever known has retired. Privileged to call him my boss for half my (admittedly brief) career, I suffer an incalculable loss as Bob Novak sets down his pen, but millions of his readers are also saddened.
Mark Tapscott: Bad things happen in a blind Congress
- Buying all those Lexus hybrid patrol cars for the Beverly Hills cops last year was awfully generous of you. You didn’t know you did that? Odds are neither did your congressman when he voted on it.
Bad things happen in a blind Congress
- Buying all those Lexus hybrid patrol cars for the Beverly Hills cops last year was awfully generous of you. You didn’t know you did that? Odds are neither did your congressman when he voted on it.
Timothy Carney: Airlines, oil speculators and politicos
- G as prices above $4 have driven Congress and presidential candidates to scramble for quick fixes and scapegoats, including a stack of bills to regulate trading in oil futures, in the name of curbing “reckless oil speculators.”
Timothy Carney: The Feds and Fannie: Making a beast that’s too big to fail
- Private profit and public risk” is how economists describe companies like Fannie Mae, where good times mean shareholder profits and executive bonuses upward of $50 million, but where bad times mean pain for taxpayers. It’s nice work if you can get it.
Timothy Carney: IndyMac forgot to pay protection money
- Follow the divergent treatment recently of four different financial companies suffering from the mortgage crisis, and you begin to detect a pattern: The well-connected — with big lobbying budgets and generous campaign contributions — get special favors from Washington, while the others get special abuse.
When retailers want government price controls
- Price controls, usually derided by conservatives and Republicans as another bad idea from the 1970s, are making a comeback on Capitol Hill these days, thanks to a public relations and lobbying push by retailers unhappy with the fee they're paying credit card companies.
Timothy Carney: Competition for thee, but not for me
- W hen I talk to people about how government regulation often benefits big businesses at the expense of smaller competitors, folks often point to antitrust laws as a counterargument: surely these anti-monopoly and anti-cartel laws keep corporate behemoths in check and protect the little guy by promoting competition, right?
Timothy Carney: Look at what’s behind Sen. Dodd’s slush fund
- T his bill is indicative of a mind-set that has become too prevalent in Washington,” John Drogin, spokesman for Sen. John Cornyn, told me after Cornyn voted against a housing bill packed with bailouts, subsidies and new spending programs. “See a problem — throw money around.”
Timothy Carney: Senate ignores ethics problems with tainted mortgage bill
- Last night, the Senate steamrolled an effort to slow down the mortgage bailout bill despite plenty of good reasons to take a pause.
Bank of America PAC money behind Dodd's Countrywide loan
- "We call it the 'Bank of America bill on steroids.'" A House staffer told me that, demanding anonymity, but speaking on behalf of aides to GOP members of the House Financial Services Committee.
Timothy Carney: Obama won’t challenge the ethanol lobby
- Barack Obama has a reputation as a reformer and a champion of the downtrodden, but on the most damaging federal boondoggle today, he’s on the side of the status quo and the entrenched interests.
