Obama could’ve prevented this

The biggest mistake of his presidency so far was failing to adopt the recommendations of his own fiscal commission. Had he done so the Republicans would’ve probably lined up in opposition and would’ve likely been held responsible for it by voters. But Obama punted on the Bowles-Simpson plan and the nation’s economic uncertainty drags on.

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The National Review on 9-9-9

His 9-9-9 plan builds on the insight that one of the chief defects of the current tax code is its bias toward consumption over savings. But his plan’s peculiarities of design, substantive weaknesses, and political naïveté render it unworthy of conservative support. If rich people can get mad about their taxes being raised so can I. Cain […]

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following up

Obama said the stimulus bill will create or save 4 million jobs. Perhaps he misspoke, but the distinction = 4 million jobs. The bill may lack earmarks, as Obama repeatedly boasted, but that doesn’t mean it’s pork-free. There are no “earmarks,” as they are usually defined, inserted by lawmakers in the bill. Still, some of the projects […]

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the bradley effect

Obama should appoint Bill Bradley to run the treasury and forget about raising taxes. Not now, with a recession looming. Eliminate loopholes instead, as Bradley advocates. The very rich presently exploit those loopholes to pay little or no taxes. Just ask Warren Buffett.

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what if michael bloomberg had run?

The New York mayor seriously considered a third-party candidacy last winter. Too bad he didn’t pursue it. Considering the current financial crisis, who do you think voters would turn to? The candidate with little experience, the one tethered to George Herbert Walker Hoover or the pragmatic innovator and self-made billionaire? Beyond his business acumen, Michael […]

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