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Tag Archives: pork

50 reasons to oppose cap-n-trade.

Here’s the top 5 by Stephen Spruiell and Kevin Williamson: 1. The big doozy: Eighty-five percent of the carbon permits will not be sold at auction — they will be given away to utility companies, petroleum interests, refineries, and a coterie of politically connected businesses. If you’re wondering why Big Business supports cap-and-trade, that’s why. [...]

Bizarro World.

Signs of Bizarro World: Using terms like “perverse” and “disingenuous,” Uber-liberal journalist Robert Scheer defends — yes defends — the economic record of Ronald Reagan against accusations from NYT’s uber-liberal Paul Krugman that the former president is most to blame for the credit crisis and mortgage meltdown: It is disingenuous to ignore the fact that [...]

Stimulating unemployment.

Here’s Michelle Malkin: I think it’s time we applied the same advertising standards to Washington’s legislative products that the feds apply to breakfast foods. The Food and Drug Administration rapped General Mills this week for making misleading claims about the benefits of Cheerios. The food manufacturer says the whole-grain O’s are “clinically proven to lower [...]

The Blue Dog Lie.

Michael Franc finds that the so-called fiscally moderate “Blue Dog” Democrats aren’t so fiscally conservative: To determine whether each Blue Dog had voted in a fiscally conservative manner, I looked at whether they voted against Rep. Barney Frank (D., Mass.), the poster child for the views and policy instincts of today’s House Left. Frank missed [...]

Re: Ted Stevens.

[NY Times] WASHINGTON — The Justice Department moved on Wednesday morning to drop all charges against former Senator Ted Stevens of Alaska, who narrowly lost his seat last year shortly after being convicted on seven felony counts of ethics violations. In a stunning development, Justice Department lawyers told a federal court that they had discovered [...]

Re: Those AIG bonuses

Sure it’s sickening that AIG officials such as AIG CEO Charles Liddy are getting bonus money, but perhaps not for the reason you’d think. First thing to note: these weren’t performance bonuses, but retention bonuses. That’s a whole different ball game, based on promises made long before anyone knew the terms TARP or bailout, and [...]

Fantasy Growth.

Although only a small fraction of the supposedly countercyclical stimulus will be spent by the end of the year, the budget assumes that by then the economy will have perked up, and that it will grow robustly — 3.2 percent, 4 percent and 4.6 percent — in the next three years. Growth supposedly will cut [...]

Record breaking promise breaking.

51 days in office and President Obama has already broken his promise on earmarks, under the guise of “but this time it’s an emergency.” Mind you, earmarks were all the rage while Mr. Obama was running for president. It appears the one wearing the presidential pants is Nancy Pelosi. WASHINGTON – Calling it an “imperfect” [...]

“Smart-ass MBAs…”

But the list of causes of the collapse of the financial system [as cited by Obama] does not include the absence of universal health care, let alone of computerized medical records. Nor the absence of an industry-killing cap-and-trade carbon levy. Nor the lack of college graduates. Indeed, one could perversely make the case that, if [...]

Kudlow agrees.

A few days ago I titled a post Obama’s War on Small Business. It just is what it is, bad economics. Here’s input from CNBC’s Larry Kudlow: He [President Obama] is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds. That is the meaning of his anti-growth tax-hike proposals, which [...]