I thought it was shocking when Senator Bennett of Utah was denied renomination, but I’m even more stunned that Senator Murkowski of Alaska is trailing her opponent in preliminary results from Tuesday’s primary. As the Wall Street Journal explained in an editorial this…
Daily Analysis
I Support the Democratic President’s Tax Policy
Unfortunately, I’m not talking about President Obama, though the current occupant of the White House could learn a lot from a previous Democratic President.
Obama Should Listen to John Stossel if He Wants to Get Reelected
One of the main factors determining incumbent election success is economic performance. When disposable income is rising and people feel good about the future, it is difficult for an incumbent to lose. So why, then, is Obama pursuing policies that are undermining…
GM Investors Beware
General Motors, having been bailed out by the government, is preparing for its massive initial public offering, which could be the biggest in U.S. history. Some will no doubt look at the bailout and conclude that GM investments now come with explicit government…
Chile’s Private Social Security System a Big Success
Unlike the United States and most European nations, Chile does not face a long-term Social Security crisis. This is because lawmakers shifted to a system of personal accounts almost 30 years ago. As a result, Chile’s economy is much stronger, the financial system is…
Taxpayer-Funded Sex Trips to Amsterdam?!?
I think Viagra subsidies for sex offenders are an absurd example of government stupidity in America. I’m also amazed that European taxpayers are forced to pay for penile implants for bureaucrats at the European Commission. But I’m almost speechless to learn that…
Great Moments in Government Incompetence
I take second place to nobody in my view that government is horribly incompetent, but even I’m shocked by this story linked on Drudge. According to a news report out of Indiana, students who take the government’s driver’s ed class are four times more likely to crash…
New York Times Seeks Higher Taxes on the “Rich” as Prelude to Higher Taxes on the Middle Class
In a very predictable editorial this morning, the New York Times pontificated in favor of higher taxes. Compared to Paul Krugman’s rant earlier in the week, which featured the laughable assertion that letting people keep more of the money they earn is akin to sending…
Why Is Keynesian Economics Like a Freddy Krueger Movie?
Working in Washington is a frustrating experience for many reasons, but my personal nightmare is that bad ideas refuse to die. Keynesian economics is a perfect example. It doesn’t matter that Keynesian deficit spending didn’t work for Hoover and Roosevelt. It doesn’t…
Taxpayers vs Bureaucrats, the Foreign Edition
If misery loves company, we can be very happy with these two stories about over-compensated bureaucrats from outside our borders. The first comes from Europe, where the Daily Telegraph reports that pension costs are skyrocketing for bureaucrats with the European…