Articles Written by:    DAVID C. JOHN     

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Obama's $250 Bonus Turns Social Security into Welfare

Since Social Security recipients will get no cost-of-living adjustment (COLA) next year, President Obama wants to give each of them $250, a move supported in principle by the Republican House and Senate leadership. However, this move is not only ...

From DAVID C. JOHN, The Heritage Foundation,  20 Oct 2009
Related Topics: Barack Obama,  U.S. Republican Party,  Centers for Medicare and Medicaid Services,  American Enterprise Institute

The Consumer Financial Protection Agency Act: Attempting to Improve Bad Policy

During last year's presidential campaign, Barack Obama noted that "you can put lipstick on a pig, but it's still a pig." This phrase neatly sums up the ongoing House Financial Services Committee markup of H.R. 3126, the Consumer Financial Protection ...

From DAVID C. JOHN, The Heritage Foundation,  14 Oct 2009
Related Topics: Barack Obama,  House Financial Services Committee,  Securities and Exchange Commission,  Barney Frank

Social Security's Unexpected Deficits Show Urgent Need for Reform

Starting this year, Social Security will spend more in benefits than it will receive from its payroll taxes. This is somewhat unexpected as just last year, the 2009 cash surplus was predicted to be about $80 billion. Even in May of this year, the ...

From DAVID C. JOHN, The Heritage Foundation,  29 Sep 2009
Related Topics: Barack Obama

The Lehman Brothers Collapse: Financial Regulation One Year Later

One year ago today Lehman Brothers collapsed, sending another 92 subsidiaries into bankruptcy. President Obama will mark the occasion with an address to Wall Street in which he will likely outline some broad principles for financial regulatory reform. ...

From DAVID C. JOHN, The Heritage Foundation,  14 Sep 2009
Related Topics: Federal Reserve,  Barack Obama,  U.S. Congress,  FDIC,  Securities and Exchange Commission

How to Protect Consumers in the Financial Marketplace: An Alternate Approach

The Treasury Department has proposed consolidating the existing consumer protection divisions of the various federal financial regulatory agencies into a new and powerful Consumer Financial Protection Agency (CFPA). The CFPA would be responsible for ...

From DAVID C. JOHN, The Heritage Foundation,  8 Sep 2009
Related Topics: Securities and Exchange Commission,  Barney Frank,  U.S. Congress,  Financial Institutions, Inc.,  Federal Reserve

The Obama Financial Regulatory Reform Plan: Poor Policy and Missed Opportunities

The recent financial regulatory reform plan issued by the Treasury Department[1] is a detailed mixture of overreaching policy mistakes, missed chances for real reform, blanks that will be filled in later after studies, and a few good ideas. One key ...

From DAVID C. JOHN, The Heritage Foundation,  15 Jul 2009
Related Topics: U.S. Congress,  Barack Obama,  Federal Reserve,  FDIC,  Freddie Mac

Republicans' Financial Regulatory Reform Plan a Good Start

House Republicans on the Financial Services Committee have released a comprehensive financial regulatory reform plan.[1] The plan has several key features that are unfortunately likely to be missing from the coming Obama plan. The proposal focuses on ...

From DAVID C. JOHN, The Heritage Foundation,  15 Jun 2009
Related Topics: Barack Obama,  Freddie Mac,  Fannie Mae,  Securities and Exchange Commission,  Federal Reserve

2009 Social Security Trustees Report Continues to Show the Urgency of Reform

"There are risks and costs to action. But they are far less than the long-range risks of comfortable inaction." "We are increasingly concerned about inaction on the financial challenges facing the Social Security and Medicare programs. The longer we ...

From DAVID C. JOHN, The Heritage Foundation,  13 May 2009
Related Topics: George W. Bush

Senate Credit Card Bill Would Restrict Credit from Those Who Need It Most

This week, the Senate is considering its version of legislation designed to best change certain abusive credit card practices without damaging the ability of moderate- to lower-income consumers to get essential credit. Certain credit card companies ...

From DAVID C. JOHN, The Heritage Foundation,  12 May 2009

Bank Stress Tests: Green Light for Markets

The results of stress tests on the top 19 banks show that the financial services industry is better capitalized than many consumers and experts feared just a few months ago. However, the most important question is what happens next. While risks remain, ...

From DAVID C. JOHN, The Heritage Foundation,  8 May 2009
Related Topics: Timothy F. Geithner,  Barack Obama,  Wachovia Corporation,  Federal Reserve

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