Obama: Companies Responsible for Raising Living Standards
From the diaries by Leon… Defending his administration’s push to enhance regulation of private enterprise, President Barack Obama told a Chamber of Commerce audience on Monday that companies have a responsibility to ensure that everyone profits from their expansion. If we’re fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. | Read More »
Nationalizing Airports Because Of a Bit of Snow?
Well, not a bit of snow actually. Some tens of thousands of travelers were stranded at the London airports because of the poor weather conditions there. No wonder that Britain’s leftist newspaper The Guardian favors renationalization then. According to The Guardian‘s Neil Clark even before last weeks terrible delays, Britain’s privatized airports, “with their shortage of public seating, their lack of reasonably priced food and | Read More »
The Gulag State
Jeremy Hildreth reporting for The Wall Street Journal reminds us of the real face of Communism: the gulag. [...] there once were 8,000 Soviet labor camps spattered like islands across the Russian landscape—the “Gulag archipelago” of which Alexander Solzhenitsyn famously wrote. Each camp housed about 250 prisoners, most serving 10- to 25-year sentences for contrived offenses like “uncooperativeness” or “sabotage.” By the time the U.S.S.R. | Read More »
Putting America to Work Hasn’t Worked
Infrastructure was among the cornerstones of President Barack Obama’s $787 billion stimulus bill which was enacted in February of last year to aid the economic recovery. Democrats promised historic investments in roads, bridges and railways which, in many states, had become victim of neglect. Eighteen months later, with midterm elections for Congress due to take place within a week, just how much progress had been | Read More »
Michelle Obama: Don’t Go Into Corporate America!
The New York Times‘ David Brooks quotes Michelle Obama in the context of America’s changing attitude toward capitalism. “Don’t go into corporate America,” she told a group of women in Ohio. “You know, become teachers. Work for the community. Be social workers. Be a nurse. … Make that choice, as we did, to move out of the money-making industry into the helping industry.” As talented | Read More »
Should Washington Leave Social Security Alone?
Ezra Klein likes to think so. In Newsweek he urges lawmakers not to mess with Social Security in order to restore balance to the federal budget. Popular wisdom has it has Social Security is financially unsustainable. Klein disputes that. He notes that, over the next 75 years, the program’s shortfall will equal approximately 0.7 percent of GDP. That isn’t a crisis, he attests. “It’s a | Read More »
Frank: Abolish Fannie and Freddie
From The Huffington Post: Fannie Mae and Freddie Mac should be abolished, Rep. Barney Frank, chairman of the House Financial Services Committee, said Tuesday when asked whether the mortgage giants should play a role in housing market reforms. So now you do? After pretending, just a few years ago, that nothing was wrong with these “government sponsored” entities (see video); that, in fact, they were | Read More »
Obama: Preserve Social Security “Forever”
President Barack Obama used the anniversary of Social Security to accuse the opposition of wanting to destroy it. In his weekly address to the nation, Obama said that he had an “obligation” to keep Franklin D. Roosevelt’s monumental pension legislation intact—”today, tomorrow and forever.” According to the president, Republicans are “pushing to make privatizing Social Security a key part of their legislative agenda if they | Read More »
A Little Disclaimer
Judging from several of the responses to a recent post of mine, it would seem that some commentators here like to think that if you don’t agree with calling the President of the United States a “Marxist,” you‘re a Marxist. I think that’s nonsense. People who are quick to describe Obama as either a “communist” or a “Marxist” need a history lesson. With the exception | Read More »
Obama a Marxist? Really, Congressman?
Former Colorado Congressman Tom Tancredo had quite the op-ed in The Washington Times last Thursday. President Barack Obama, wrote Tancredo, is “an enemy of our Constitution” and should be impeached. Just what makes the president such a menace? For one thing, “Obama is determined to see things done his way regardless of obstacles. To Mr Obama, the rule of law is a mere inconvenience to | Read More »