Michael Tennant

Conservatives may have lost some battles for committee chairmen in the incoming Republican-dominated House of Representatives, but they are making up for it when it comes to subcommittees. For economic conservatives there is the appointment of Rep. Ron Paul of Texas to head the Financial Services Subcommittee on Domestic Monetary Policy and Technology. Social conservatives, meanwhile, scored a victory with the selection of the staunchly pro-life Rep. Joseph Pitts of Pennsylvania as chairman of the Energy and Commerce Subcommittee on Health.

Ron PaulThe media response to the appointment of Rep. Ron Paul (R-Texas) to the chairmanship of the House Domestic Monetary Policy Subcommittee has been swift and — somewhat surprisingly — mostly positive. Perhaps it is due to the fact that public opinion has been turning against the Federal Reserve, Paul’s longtime target that is overseen by his subcommittee.

Thursday, 09 December 2010 00:00

Bernanke's Christmas Present: Chairman Paul

Ron PaulIt’s official: Texas Congressman Ron Paul will be the Chairman of the House Subcommittee for Domestic Monetary Policy and Technology when the 112th Congress convenes in January. Rep. Spencer Bachus of Alabama, who is slated to be the Chairman of the House Financial Services Committee, of which the Monetary Policy Subcommittee is a part, announced Paul’s appointment as chairman of that subcommittee on December 9.

Monday, 06 December 2010 00:00

Ron Paul’s Big Day

Will Tuesday be Ron Paul’s big day? Robert Wenzel of EconomicPolicyJournal.com thinks so, as does Paul confidant Lew Rockwell. On December 7 the Republican leadership in the House of Representatives is scheduled to announce the chairmen of various committees and subcommittees, including the Subcommittee for Domestic Monetary Policy and Technology, of which the Texas congressman is currently the ranking Republican member.

Remember that clause in the Constitution that gives the federal government the authority to regulate school bake sales? Even if you don’t, Congress does. The House of Representatives just passed a $4.5 billion bill that, among other things, authorizes the U.S. Department of Agriculture to set nutrition guidelines for all foods sold in a school building during school hours — and that includes “bake sales and pizza fundraisers,” according to CalorieLab.com. (If pressed, elected officials would undoubtedly note that such sales can affect interstate commerce since students buying cupcakes at school would no longer be buying them from Hostess, thus providing an opening for Congress to regulate these activities.)

health regulationsBecause of President Barack Obama's veto power, it is very unlikely that Congress could successfully repeal ObamaCare for at least another two years. However, there are substantive things that can be done to prevent ObamaCare’s implementation, such as state nullification of the legislation and congressional defunding of its provisions. There are also symbolic things — things that might pass one or both houses of Congress but, if they do pass both houses, will almost certainly be vetoed by Obama. One of the symbolic measures being considered by Republicans is the use of a 1996 law that gives Congress the power to overrule regulations issued by executive branch agencies.

It is common for aging humans to look back fondly on the imagined “good old days” of their youth. Sen. John D. (“Jay”) Rockefeller IV (D-W.V.), age 73, apparently longs for the days of limited news options, when there were but three television networks offering more or less identical news coverage from the same narrow, inside-the-Beltway perspective.

In the 111th Congress Rep. Ron Paul (R-Texas) introduced legislation to perform a wide-ranging audit of the Federal Reserve. That bill was, in Paul’s words, “gutted” before it came to the floor for a vote. Ultimately only a few very weak provisions of Paul’s original bill became law.

Members of Congress may be spendthrifts when it comes to taxpayers’ money; but when it comes to their own, they suddenly develop a sense of responsibility.

Monday, 05 July 2010 00:00

A Taxing Proposal for Online Retailers

online buyingThere are many positive features about shopping online, including convenience, selection, and speed. There is also the fact that a customer doesn’t have to pay sales tax on items purchased from retailers who don’t have a presence in the customer’s state — a significant savings on big-ticket items. Technically, the customer is still required to pay the tax come next April 15, but in practice hardly anyone does.