ACRU Argues for Rule of Law, Financial Accountability in Stock Market Case

By |2011-10-26T23:08:38-04:00October 26th, 2011|

The American Civil Rights Union filed a brief on Wednesday supporting a complaint that the National Association of Securities Dealers should be held accountable for misleading members as to a proxy vote over a change in bylaws.

“NASD’s claim of immunity highlights the threat posed by Self Regulating Organizations (SROs) operating outside laws designed to protect investors,” said ACRU General Counsel Peter Ferrara, who wrote the brief.

The brief states:

“The Constitution says that the legislative power is delegated to Congress, which covers regulatory rules as compelling as any statute. While private self-regulatory organizations are desirable, they must remain accountable and subject to the […]

Obama's Regulatory Excess and Abuse

By |2011-10-26T13:34:32-04:00October 26th, 2011|

This column by ACRU General Counsel and Senior Fellow for the Carleson Center for Public Policy (CCPP) Peter Ferrara was published October 26, 2011 on The American Spectator website.

The critique of Obamanomics has focused primarily on the runaway spending, taxes, deficits and debt, and the throwback monetary policies at the Fed. But Phil Kerpen, Vice-President for Policy at Americans for Prosperity, has now fully complemented that with a thorough exposé of Obama’s regulatory excess and abuse in his just published new book, Democracy Denied: How Obama Is Ignoring You and Bypassing Congress to Radically Transform America — and How to Stop Him.

The theme […]

Profits Are for People

By |2011-10-26T13:24:40-04:00October 26th, 2011|

This column by ACRU Policy Board Member and Professor of Economics Dr. Walter E. Williams was published October 26, 2011 on Townhall.com.

The Occupy Wall Street demonstrators are demanding “people before profits”—as if profit motivation were the source of mankind’s troubles—when it’s often the absence of profit motivation that’s the true villain.

First, let’s get both the definition and magnitude of profits out of the way. Profits represent the residual claim earned by entrepreneurs. They’re what are left after other production costs—such as wages, rent and interest—have been paid. Profits are the payment for risk taking, innovation and decision-making. As such, […]

A Balanced Budget Amendment Should Make Tax & Debt Increases Difficult

By |2020-04-23T21:57:11-04:00October 26th, 2011|

As a member of the Conservative Action Project, CEO Susan Carleson and leaders of 28 other organizations, representing a broad cross section of the conservative movement, are united in supporting a Balanced Budget Amendment that actually reins in national spending and increasing our national debt – without raising taxes.

MEMO FOR THE MOVEMENT: A Balanced Budget Amendment — in addition to balancing the budget — should make it difficult to raise taxes, tough to increase the debt, and prohibit any court from ordering a tax increase or deciding budget priorities.

“I wish it were possible to obtain a single amendment to our Constitution. I would […]

The Left's War on Legal Immigration and Voter Integrity

By |2023-03-10T08:04:48-05:00October 24th, 2011|

This column by ACRU Senior Fellow Robert Knight was published October 24, 2011 in The Washington Times.

On Oct. 14, a federal judge blocked key portions of Alabama’s new immigration law after several groups, including the Obama Justice Department and the ACLU, asked for an injunction.

The Justice Department claims that states that assist in enforcing federal immigration laws are violating the Constitutional separation of powers.

Really? If that’s so, I wonder if state police in Alabama are barred from arresting someone trying to pass counterfeit $100 bills, since it’s federal currency. Article I, Section 8 of the Constitution gives […]

Nothing but a Political Ploy

By |2011-10-19T11:17:23-04:00October 19th, 2011|

This column by ACRU General Counsel and Senior Fellow for the Carleson Center for Public Policy (CCPP) Peter Ferrara was published October 19, 2011 on The American Spectator website.

President Obama’s so-called Jobs Plan has nothing to do with jobs and economics. On that score, it is already a proven failure. Rather, the plan is pure politics: a ploy to make Republicans bear the responsibility for the President’s economic fiasco, with proven to fail policies he knows the Republicans were elected to stop and can’t support. The political calculation is that the public is too stupid to figure out both the economic fallacies in the […]

Pitting Us Against Each Other

By |2020-04-23T21:57:11-04:00October 19th, 2011|

This column by ACRU Policy Board Member and Professor of Economics Dr. Walter E. Williams was published October 19, 2011 on Townhall.com.

President Barack Obama and the Democratic Party have led increasingly successful efforts to pit Americans against one another through the politics of hate and envy. Attacking CEO salaries, the president — last year during his Midwest tour — said, “I do think at a certain point you’ve made enough money.”

Let’s look at CEO salaries, but before doing so, let’s look at other salary disparities between those at the bottom and those at the top. According to Forbes‘ Celebrity […]

Obama's Jobs Machine

By |2011-10-17T16:37:09-04:00October 17th, 2011|

This column by ACRU Senior Fellow Robert Knight was published October 17, 2011 in The Washington Times.

How does paying people not to work constitute a key element of a “jobs bill”? President Obama’s goofy, gimmicky American Jobs Act, which even the Harry Reid-led Senate rejected Wednesday and the adult-led House regards with head-shaking bemusement, would throw another $447 billion “stimulus” at the economy and extend unemployment benefits for another year.

Pass it now. Pass it now. It worked so well last time.

The answer to the question above is that it makes perfect sense within Mr. Obama’s worldview that […]

The New Republican Vision for Modern Social Safety Nets

By |2011-10-14T14:03:11-04:00October 14th, 2011|

This column by ACRU General Counsel and Senior Fellow for the Carleson Center for Public Policy (CCPP) Peter Ferrara was published October 13, 2011 on Forbes.com.

A new consensus is emerging among Republicans for fundamental entitlement reform providing for modern, 21st century social safety nets. The new, reformed programs would actually achieve all of the social welfare goals of the current programs far more effectively, ultimately serving seniors and the poor far better. But because they would centrally rely on modern capital, labor and insurance markets, with a minimum of old fashioned tax and redistribution, they would achieve these goals […]

Cain's '9-9-9' Tax Reform Plan Is Unconstitutional

By |2020-04-23T21:58:19-04:00October 14th, 2011|

This column by ACRU Senior Legal Analyst Ken Klukowski was published October 13, 2011 on The Washington Examiner website.

Herman Cain’s signature 9-9-9 proposal has two problems. First, it’s unconstitutional, and second, it’s not conservative because it transforms Washington from the head of a federal republic into a centralized ruling authority.

Cain proposes scrapping the current tax code, and replacing it with a 9 percent personal income tax, 9 percent corporate income tax, and 9 percent national sales tax.

After an unspecified period of time, the income and corporate taxes would be dropped, and everyone would pay a 30 percent (not 23 percent, as […]

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