In a recent letter, Martin Lobel describes as "intellectually bankrupt" our arguments against S. 940 and S. 2204, two recent bills that would have imposed unfavorable tax rules on five large oil companies that would not have applied to other taxpayers. Unfortunately, Lobel mischaracterizes our analysis of why the bills violate the rule of law.

The Dodd-Frank legislation has many problems and omissions, and much is still uncertain about implementation. But the new liquidation authority provides for the possibility of making it so that future crises do not involve the bailouts of creditors that truly embodied the problem of having banks that are too big to fail.

President Obama’s decision to withdraw U.S. troops is the mother of all disasters.

Just when the mainstream media thought that Barack Obama was pulling ahead in the polls, with positive job ratings, and just after the media have been savaging Republicans for two words Rush Limbaugh uttered on his radio program, Obama's numbers seem to be tanking.

The Republican nomination might not come down to Newt Gingrich versus Mitt Romney, but it would be quite a matchup. Who would govern more conservatively?

Washington was all a-Twitter (literally) Monday over Politico's story about the sexual harassment charges against Herman Cain -- and about Cain's serial self-contradictions.

The House vote Thursday night was a delayed consequence of the public's long-apparent rejection of Democrat policies.

The unpopularity of the Obama Democrats' policies seem sure to hurt the party in this year's elections and upcoming redistricting seems likely to extend the pain for several more election cycles.