David-hartman

David A. Hartman, a retired banker, is president of The Rockford Institute's board of directors.
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Articles and Posts by David-hartman:

• Regulation for Financial Sanity(2)

  The Federal Reserve is handing out money to banks deemed “too large to fail” without knowing how much funding will be required and how long it will take for them to be restored (or to fail). The regulators would be wise to consider the experience of the state of Texas, which went through a very severe recession, accompanied by a collapse of banking, in the 1980’s.

• Reflections on Immigration Reform(12)

  The most significant event of President George W. Bush’s second term (thus far) has been the defeat of the Comprehensive Immigration Reform Act of 2007 (S.1348). This bill was initiated by President Bush in collaboration with the Democratic congressional majority, over the opposition of the Republicans and a few rebellious Democrats. The real winners of this battle were the usually silent majority of conservative Americans who rose to protest the next wave of illegal-alien invasion, which would have followed the amnesty proposed by S.1348. The subsequent resignation of Bush’s senior Machiavellian, Karl Rove, was not surprising.

• Taxation for Economic Survival: The Business Transfer Tax(3)

  The severity of the ongoing decline of U.S. manufacturing has placed our prosperity and national security in jeopardy. A principal cause of this crisis is the federal tax code, which currently imposes multiple layers of progressive taxation on U.S. goods.

• America for Sale(2)

  The recent U.S. recession, if judged by its effect on total employment, was the shortest and mildest of the post-World War II period. In the six months from the peak of July 1998 to the low of January 1999, employment declined by only 1.43 million workers, and, by May 2004, 7.5 million additional workers were employed.