Competitive Enterprise Institute

16 Fake News Stories Reporters Have Run Since Trump Won

We are in the midst of an epidemic of fake news. Since at least Donald Trump’s election, our media have been in the grip of an astonishing, self-inflicted crisis. Despite Trump’s constant railing against the American press, there is no greater enemy of the American media than the American media. They did this to themselves.

The Cost Of Regulatory Compliance: $20,000 For Every American Worker

Annual regulatory compliance and economic impact costs amount to $1.8 trillion, which is roughly equal to all personal and corporate income tax collections. This is equivalent to roughly $20,000 per employee for all US firms, and $30,000 per full-time employee for small firms.

AG Lynch Admits She "Regrets" Tarmac Meeting With Bill Clinton

As yet another member of President Obama's administration desperately attempts to define their own legacy (with words other than "failed", "rigged", or "favoritism"), Attorney General Loretta Lynch put on her gentlest, quietest voice for an 'exit' interview with CNN's Jake Tapper, admitting she "regretted sitting down" with Bill Clinton because "it gave people concern" and wants to be remembered for ensuring justice to "all Americans."

US Taxpayer Faces $230 Million Loss As Spain's 'Solyndra' Files For Creditor Protection

"The future of the company seems very black," notes on trader as the bonds and stocks of Spanish renewbles form Abengoa lives up to its name and files for creditor protection, just as we warned was likely. With the stock crashing 70% to 28c and 4-month bonds trading at just 22c on the dollar, market participants face an almost total loss.. but, as we detailed previously, it is the American taxpayer - who thanks to Ex-Im Bank loans to keep this zombie alive - face losses of $230 million as Spain's Solyndra exposes another symptom of the Oligrachic ignorance of where the money comes from.

Solyndra 2.0 Nears Bankruptcy As Bonds Collapse To Record Lows

Two weeks ago we introduced you to Abengoa - the Spanish renewable-energy company - that received over $230 million in US taxpayer subsidies and loos set to become Solyndra 2.0. While all the politicians have taken their pound of flesh, Abengoa bonds have collapsed for five days in a row, now trading at record lows around 45 cents on the dollar - flashing the bankruptcy imminent light. Solyndra 2.0? Another one off? Or another symptom of the Oligrachic ignorance of where the money comes from...It appears US taxpayers can kiss that money goodbye...

Meet Solyndra 2.0: This US-Taxpayer-Subsidized Spanish "Renewables" Firm Is Collapsing

News that bonds and stocks of Abengoa SA - the Spanish renewable-energy company - plunged after a plan to shore up capital failed to reassure investors that it can stop burning cash is likely to have passed many by. But coming just one day after President Obama unleashed his Clean Power Plan, the fact that the company received over $230 million in US taxpayer subsidies in 2014 - despite two ongoing federal investigations - may raise an eyebrow or two as images of Solyndra's government-sponsored farce come to mind.

The Regulatory State: Central Planning & Bureaucracy On A Rampage

Federal regulation and intervention cost American consumers and businesses an estimated $1.88 trillion in 2014 in lost economic productivity and higher prices. If U.S. federal regulation was a country, it would be the world’s 10th largest economy, ranking behind Russia and ahead of India. Economy-wide regulatory costs amount to an average of $14,976 per household – around 29% of an average family budget of $51,100."

"There’s Going To Be Chaos" - What Is The Worst-Case Outcome Of Today's Supreme Court Obamacare Hearing

Today, for the second time since 2012, the fate of Obamacare lies in the hands of the Supreme Court, and like last time, it will likely be all about Justice John Roberts ' decision. Later today, the US Supreme Court will hear oral arguments in the case of King v. Burwell, the latest challenge to Obamacare, and one that could potentially leave it gutted from an unexpected direction. As a result, nearly eight million Americans could lose their health insurance depending on how the Supreme Court interprets four words in the "Affordable" Care Act.

11 Nasty Trends That Will Test America's Resilience

The resilience that has long been one of America's remarkable traits was on display in 2013. Not only did businesses create 2 million jobs, but the struggling economy actually grew and profits and stock prices soared to near-record levels. Still, five years into the Obama presidency, the economy is grossly underperforming. Contrary to the dominant media narrative, it's not bad luck or the financial crisis to blame, but bad policies — from the $860 billion "stimulus" that didn't stimulate to the Dodd-Frank financial reform that killed lending. Last year was a challenging one for entrepreneurs and other productive Americans. No fewer than 13 new taxes were put into place. Big government now consumes one of every four dollars of our GDP and is getting bigger. Entering 2014, we face problems, including taxes and spending, that neither the White House nor Congress is addressing. In the following charts, we look at a few of the more alarming and intractable ones.