The Tyranny of the Obvious

Acton Institute | Hunter Baker | May 27, 2009

Those who promoted the War on Poverty and other grand plans to end poverty, writes Hunter Baker, “had no inkling that these good-hearted strategies would lead to enduring cycles of poverty and family disintegration that threatened to consume entire generations. Wishing for good outcomes resulted in disaster.” [Read more...]

When the Obama Backlash Comes

American Thinker | Jeff Lukens | Apr. 29, 2009

The contradictions between Obama’s words and actions are many. He opposes big government, and then he vastly expands it. He says he favors bipartisanship, but doesn’t practice it. He says he is against earmarks, and then signs the largest pork package in history. And that is just to name a few.

Such inconsistencies are contributing to a lack of confidence in Obama and his economic policies. The budget deficits he proposes are staggering. The trillions of dollars he wants to spend are incomprehensible. There is no evidence that stimulative government spending even works. Obama is apparently racing to remake America in a socialist mold before public sentiment turns against him. One wonders whether his political capital will run out before financial capital of the country runs out. [Read more...]

On The Road To Socialism? We’ve Arrived!

Investor’s Business Daily | Patrick J. Buchanan | March 3, 2009

In his campaign and inaugural address, Barack Obama cast himself as a moderate man seeking common ground with conservatives. Yet his budget calls for the radical restructuring of the U.S. economy, a sweeping redistribution of power and wealth to government and Democratic constituencies. It is a declaration of war on the right.

The real Obama has stood up and lived up to his ranking as the most left-wing member of the Senate. [Read more...]

Four big problems with cap-and-trade

Massive tax increases, energy regulation, high prices for electricity, and reduced econmic growth as far as the eye can see. And it’s only week six (6) of Obama’s catastrophic presidency.
DC Examiner | Irwin M. Stelzer | Mar. 6, 2009

Obama hopes to adopt a cap-and-trade system similar to Europe’s Emissions Trading Scheme. The government will decide how many tons of CO2 can safely be emitted, and then auction off permits to emitters of these greenhouse gases. Expected proceeds [tax increases on all consumers] over ten years: $645 billion.

Polluters [C02 is not a polutant] who can cut their emissions at low cost will be able to do just that, and sell their permits to companies that find it cheaper to buy permits than to clean up their production processes. Not a bad idea — in theory. But here’s the rub — or more precisely, rubs. [Read more...]

Jesus Loves Global Taxation?

FrontPageMagazine.com | Mark D. Tooley | Mar. 3, 2009

Activists at the World Social Forum (WSF), having gathered 130,000 anti-globalization activists to Belem, Brazil across 6 days early in February, enthusiastically decided that global taxation is the solution to the economic meltdown.

Meeting annually since 2001, the WSF rallies anti-capitalist crusaders from around the world, fancying itself as the anti-imperialist alternative to the World Economic Forum that meets concurrently in Davos, Switzerland. More specifically, it professes to be an “alter-globalization” movement that resists “exploitative economic globalization” and promotes “value-based forms of social and economic organization.” [Read more...]

Soaking The Rich Means Crippling Churches, Charities, and Home Values

Hugh Hewitt Blog | Hugh Hewitt | Feb. 27, 2009

President Obama’s budget is built on a massive tax hike on upper income families. From the Washington Post:

Individuals who earn more than $200,000 a year and families who make more than $250,000 would also lose the tax cuts enacted during the Bush administration, meaning their top income tax rate would rise to 39.6 percent from 35 percent, their investment income would be taxed at 20 percent rather than 15 percent and their deductions for mortgage interest, state and local taxes and charitable contributions would be reduced.

[Read more...]

Obama Declares War on Investors, Entrepreneurs, Businesses, and More

More of the “change” that we were promised. This will push America into a deeper recession and can cause an economic catastrophe. America we told you so!
CNBC | Larry Kudlow (anchor) | Feb. 27, 2009

Let me be very clear on the economics of President Obama’s State of the Union speech and his budget. He 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 make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow. [Read more...]

The 2 Percent Illusion

Wall Street Journal | Feb. 26, 2009

Take everything they earn, and it still won’t be enough.

President Obama has laid out the most ambitious and expensive domestic agenda since LBJ, and now all he has to do is figure out how to pay for it. On Tuesday, he left the impression that we need merely end “tax breaks for the wealthiest 2% of Americans,” and he promised that households earning less than $250,000 won’t see their taxes increased by “one single dime.”

This is going to be some trick. Even the most basic inspection of the IRS income tax statistics shows that raising taxes on the salaries, dividends and capital gains of those making more than $250,000 can’t possibly raise enough revenue to fund Mr. Obama’s new spending ambitions. [Read more...]

OPM – The Socialist Drug of Choice

Breitbart | Endre Balogh | Feb. 19, 2009

When it comes to the wit and wisdom of Karl Marx, it’s likely that his most quoted statement is, “Religion is the opiate of the masses.” The perverse irony in that quote is that all of Marx’s pseudo-scientific philosophical and sociological musings are so antithetical to common sense and basic human nature, that in order to believe them one must take a leap of faith far greater than any required for belief in a religious dogma. Certainly, George Orwell had Marx in mind when he famously quipped, “There are some ideas so preposterous that only an intellectual could believe them.” [Read more...]

The Decline of California

The Wall Street Journal | February 17, 2009

If you thought Washington’s stimulus debate was depressing, take a look at the long-running budget spectacle in California. The Golden State’s deficit has reached $42 billion, Governor Arnold Schwarzenegger is threatening to furlough 20,000 state workers (go ahead, make our day), and as we went to press yesterday Democrats who control the legislature had blocked lawmakers from leaving until they finally get a deal. [Read more...]

Economics, Evidence and Enlightenment

American Thinker | Randall Hoven | Feb. 6, 2009

With today’s economy, wouldn’t it be nice if we knew how to make an economy grow? To know what works and what doesn’t? Well, we do. We just prefer to ignore the truth.

What works is economic freedom. What doesn’t work is more government. [Read more...]

Obama Lets Media Get Under His Thin Skin

The “true” Obama emerges from the propaganda cloud created and promoted by the mainstream media. It’s not a pretty picture.

Pajamas Media | Martha Zoller | Feb. 6, 2009

President Obama has shown the dent in his shield. He’s sensitive about what people think of him. That’s understandable since there was very little negative coverage of him during the campaign. In addition, he had so much money he could drown out any negative questions about him. The networks and the mainline newspapers had to admit after the election they’d been a little slanted towards Obama in their coverage. You can’t blame them. As then-Senator Biden said during the campaign, “I mean, you got the first mainstream African-American who is articulate and bright and clean and a nice-looking guy. I mean, that’s a storybook, man.” [Read more...]

Fred Thompson on the Economy

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California Scheming, How Democrats Destroy a State

Investor’s Business Daily | Dec. 22, 2008

As the financial crisis in California gets worse, it’s pretty clear the real problem isn’t the budget at all, but a political system that has resulted in a dysfunctional one-party state.

California’s $41.8 billion budget deficit expected over the next two years is a record. No other state even comes close. But despite what the state’s politicians say, it’s not because of the recent economic downturn. It’s because of them.

The state has a budget crisis for the second time in a decade largely because the Democratic-held legislature has spent money wildly and without any real purpose. [Read more...]

EPA Pushing to Impose a Flatulence Tax on Cows and Hogs

AP-FoxNews | Bob Johnson | Dec. 5, 2008

MONTGOMERY, Ala. – For farmers, this stinks: Belching and gaseous cows and hogs could start costing them money if a federal proposal to charge fees for air-polluting animals becomes law.

Farmers so far are turning their noses up at the notion, which is one of several put forward by the Environmental Protection Agency (EPA) after the U.S. Supreme Court ruled in 2007 that greenhouse gases emitted by belching and flatulence amounts to air pollution.

“This is one of the most ridiculous things the federal government has tried to do,” said Alabama Agriculture Commissioner Ron Sparks, an outspoken opponent of the proposal. It would require farms or ranches with more than 25 dairy cows, 50 beef cattle or 200 hogs to pay an annual fee of about $175 for each dairy cow, $87.50 per head of beef cattle and $20 for each hog. [Read more...]