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Taxes
Governing with Fear
It is ironic that the Democrats, for nearly all of his eight years in office, charged that President Bush governed by fear; raising the specter of terrorism for political gain. Of course, all politicians use a little fear to keep their cushy jobs, the... »
How to solve the energy crisis.
My wife had a very interesting observation last night. I was trying to explain why government mandates don’t work, and she said, “So Democrats are all about sticks, and Republicans are all about carrots.” It’s a remarkable insight from a foreigner, and probably more... »
ObamaCare will save us; just look at how successful the Credit CARD Act is.
Investors Business Daily has a great review of the 20 ways in which ObamaCare will take away your freedom. Most of the changes involve the new Democratic paternalism: we know better than the free market. Funny, the Democrats thought the same thing about credit... »
Small Change™: Obama budget freeze is like you buying store-brand rice crispies.
Obama is promising a budget freeze on non-discretionary, non-defense funding. This amounts to a “freeze” on $450 billion out of $3.6 trillion budget. That’s about 12.5%. So Obama is promising to “freeze” spending on 12.5% of the federal budget. (An idea he harshly criticized... »
Obama the Weak-Willed.
Obama has promised to deliver healthcare to 45 million Americans, including 15 million illegal aliens, over 30 million Americans, and not “add one single dime to the federal deficit.” This promise hinges on Obama eliminating “fraud, waste and abuse” in Medicare, cutting Medicare advantage,... »
Payback: What’s really behind Obama’s push to increase school days and the school year?
Unhappy with merely ruining the financial markets and the healthcare system, Obama is now setting out to destroy what remains of the American educational system. President Obama, a self-described Constitutional professor, somehow believes it within the president’s power to manage the length of the... »
Funny Math
President Joe Biden was out stumping for his stimulus bill (now that it’s gone south, Obama has pawned it off on him). Left to reconcile Obama’s lofty rhetoric with the cold, stark reality, Biden laughably said on Thursday that the stimulus bill had... »
$1.76B in Cash for Foreigners
The statistics are out for Cash for Clunkers, and like any government program, the results are not pretty. The following chart shows the percentage of sales and (presumed) Cash for Clunkers outlays by manufacturer: Company Foreign/Domestic % of Sales Cash Paid Toyota Foreign 19.4%... »
The $2 trillion was there all along.
Today’s Friday afternoon data dump announcement that the ten-year deficit is projected by the Obama administration to be $9 trillion rather than $7 trillion as it had previously said, apparently comes as a surprise to some. Those with more elephantine memories will recall, however,... »
Why Cash for Clunkers is not chump Change™
Democrats in Congress are anxious to add another $2 billion to the fiasco known as Cash for Clunkers. To understand how little $2 billion is to the federal government, as I’ve said before, divide $2 billion by $2.3 trillion and multiply the result by... »