DeMint’s amendment to prevent the current rate on capital gains and dividends from increasing to 20 percent at the end of the year fell well short on Wednesday. The only party defectors in the 40-57 defeat of the amendment were Democrat Ben Nelson, who supported the…
Daily Analysis
Nazis, Communists, and Moral Bankruptcy
Jeff Jacoby righteously – and rightfully – condemns the moral perversion that allows people to overlook the barbaric cruelty and oppression of communism. If Jose Saramago, the Portuguese writer who died on Friday at 87, had been an unrepentant Nazi for the last four…
Replacing Arnold Schwarzenegger with Pee Wee Herman?!?
That’s my reaction to Robert Reich’s crazy idea to put the nation’s least competent people in charge of British Petroleum. I’m not a big fan of BP, especially since it oozes political correctness (just think of their stupid ads where they claim BP stands for “beyond…
Killing Jobs with Class Warfare Corporate Taxation
Richard Rahn’s Washington Times column makes several key points about corporate taxation, including the fact that excessive taxation of capital (the corporate income tax being just one example) is extremely foolish such taxes impose the most damage – per dollar…
Great Moments in Government-Run Healthcare
British healthcare is often criticized for long waiting lines and slovenly conditions, but that’s just part of the story. Here’s a frightening story about a women who actually got treated – and died as a result. To be fair, this presumably is a tragic exception and…
Taxpayers vs. Bureaucrats, Part XXV
TARP was awful and the GM-Chrysler bailout was terrible, but those wretched pieces of legislation would be surpassed by something even more reprehensible if politicians sign on to this terrible idea to bail out the bloated pension plans of state and local government…
The Drug War Is a Failure
The Associated Press has a thorough story looking at the utter failure in the War on Drugs. In part, this is a predictable result of government incompetence, akin to the War on Poverty. And just as the so-called War on Poverty has negative side effects such as…
Excellent Defense of Supply-Side Economics
I recently posted favorable comments about a National Review article that made two important points about fiscal policy and supply-side economics. First, the article reminded “supply siders” that the burden of government spending is very important (and…
Pathetic Greek Government Tries to Blame Speculators
Making himself and the Greek government even more of a global laughingstock, Greece’s President says he wants an investigation into the role of so-called speculators. Yes, I’m being serious. According to Bloomberg, he wants to blame investors who wisely…
School Choice Issue exposes Gap Between Honest Leftists and Politicial Hacks
There are a handful of issues that expose hypocrites on both sides of the philosophical spectrum. Republicans and conservatives love to talk about free markets, for instance, but you often find them voting for completely sleazy and corrupt forms of corporate welfare…