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Monthly Archives: July 2011

Pros and Cons of the Boehner plan. What’s next?

Well, pros and cons if you’re fiscally conservative that is. I was starting a round up of opinions on Speaker John Boehner’s debt-ceiling deal, but I’ll instead avoid the common solution of the very political class we’re discussing by not attempting to foolishly reinvent the wheel — others, such as this round up by Guy […]

Obama as Gorbachev.

Obama’s rhetorical floundering is the sound of a bewildered politician trying to be heard over the long, withdrawing roar of ebbing faith in a failing model of governance. From Greece to California, with manifestations in Italy, Spain, Portugal, Ireland, Illinois and elsewhere, this model is collapsing. Entangled economic and demographic forces are refuting the practice […]

Not now, she has a headache.

This week Rep. Allen West (R-FL) officially apologized for an e-mail he sent belittling Rep. Debbie Wasserman Schultz (D-Fla) — or did he? Both parties are now denying the apology. To be honest, I did read West’s e-mail rebuke of Wasserman-Schultz and it was indeed over the top. But that’s not the story here. The […]

Did the Bush tax cuts cause the debt crisis?

Lately I’ve been bothered over how much conservative pundits seem to surrender ground when fiscal liberals argue to raise taxes or attack the 2003 Bush tax cuts as somehow being the cause of the current debt crisis (a ridiculous notion, as I’ll demonstrate). The opposition generally misunderstands the economic argument, and confuses the facts. As […]

Team Obama REALLY doesn’t get it.

Just yesterday I posted that the Obama cult demonstrates an increasing disconnect from and disregard of economics, but this example of disrespecting the American public takes the cake. [Associated Press] Secretary Steven Chu came out swinging Friday against a House bill that would repeal a 2007 federal law effectively outlawing older forms of incandescent bulbs—an […]

Spending growth vs. spending levels and why they matter.

Depressing. Larry Kudlow has an honestly blunt assessment of Washington bureaucrats and finds at the end of the day, they’re going to spend your money. Even when they tell you they’re cutting spending they’re still spending. [Paul] Ryan’s [budget] is of course a couple of trillion dollars lower than Obama’s over the next ten years. […]

Team Obama just doesn’t get it…

And Democrats once argued that the Bushies were out of touch…? “[ABC News] The average American does not view the economy through the prism of GDP or unemployment rates or even monthly jobs numbers,” [White House senior adviser David] Plouffe said. “People won’t vote based on the unemployment rate, they’re going to vote based on: […]

Quote of the day

“If you collect that oil tax and the corporate-jet tax for the next 50 years, you will not yet have offset Obama’s deficit spending for February 2011.” — Charles Krauthammer.

Obama’s Declaration of Dependence.

Here’s Mark Steyn: The president has a point about “tax breaks.” We have too many. And on the scale of the present tax code that’s a dagger at the heart of one of the most basic principles of free societies — equality before the law. But, of course, the president is not opposed to exemptions […]

Reckless Endangerment

Below is a review by George Will of the book Reckless Endangerment — written by a housing finance expert and by a N.Y. Times columnist, no less. The 1977 Community Reinvestment Act pressured banks to relax lending standards to dispense mortgages more broadly across communities. In 1992, the Federal Reserve Bank of Boston purported to […]