In the real world, rational people know that companies will stop selling products if they are forced to lose money. In the political world, though, common sense doesn’t matter. Or at least it ranks far below other considerations, such as power, polling, fundraising,…
Daily Analysis
Every Patriotic American Should Support the President
I wish the title of this blog post referred to the President of the United States, but instead our praise is directed across the Atlantic, to the President of the Czech Republic, who wisely has warned against giving “global governance” powers to the international…
Warren Buffett: Good Investor, Crummy Economist
Warren Buffett once said that it wasn’t right for his secretary to have a higher tax rate than he faced, leading me to point out that he didn’t understand tax policy. The 15 percent tax rates on dividends and capital gains to which he presumably was referring…
Democrats Unfurl the White Flag on Taxes and Class Warfare
I’m dumbfounded and amazed. When Democrats and Republicans have a game of chicken, the GOP blinks 99 percent of the time. And I thought for sure this was going to happen in the fight about whether to extend all the 2001 and 2003 tax cuts (the GOP position), or whether…
A Contest: Which Story Is More Upsetting?
Here’s a change of pace. Instead of doing separate blog posts on the following two stories, I’m curious to see which one generates the most irritation/anger/disgust from you readers. The first option comes from the Wall Street Journal’s editorial page, which is…
Wages Should Be Determined by Markets, not Quota-Driven Bureaucrats
Christina Hoff Sommers of the American Enterprise Institute decimates the bean-counting feminist “paycheck fairness” legislation being considered by the Senate. Republicans presumably know this is a bad idea, but one can only wonder whether they will do the right…
The GOP “Pledge” Doesn’t Go Far Enough: There Should Be No Federal Government Role in Housing
Considering they could have sat on their hands and relied on unhappy voters to give them big gains in November, I’m not too unhappy about the House GOP’s “Pledge to America.” Yes, it’s mostly filled with inoffensive motherhood-and-apple-pie language, but at least…
Government Insurance Meddling Costs Kids Coverage
Consider this a prelude to Obamacare: Tens of thousands of Texas children will be directly affected by the 11th-hour decision of a number of major health insurance companies to stop selling child-only policies rather than comply with the new federal law that requires…
Bashing Bailouts and Inflexible Unions
No CAP bedwetter to debate in this segment.
Strangling Entrepreneurship and Job Creation with $1.75 Trillion of Regulation and Red Tape
A new study from the Small Business Administration’s Office of Advocacy concludes that annual regulatory costs jumped by nearly $600 billion between 2005 and 2008. Thanks to the Obama Administration’s big-government agenda, the burden of red tape today doubtlessly is…