The American Jobs Act of 2011: Lather, Rinse, Repeat and Fail.

By: Repair_Man_Jack (Diary)  |  September 9th at 01:30 PM  | 

As a dog returneth to his vomit, so a fool returneth to his folly. – Proverbs 26 (HT: Kingjbible.com) It’s fortunate that all our Elected Leader promised us was a Job’s Plan. Because the plan he presented last night looks like a cribbed version of Christine Roemer’s failed effort from 2009. The President’s proposed American Jobs Act features the same boondoggles, the same EBT Cards, | Read More »

A Tale of Two Subsidies

By: Steve Maley (Diary)  |  April 14th at 05:30 AM  | 

In the 1980s, Congress, searching for domestic energy supplies, created incentives in the form of production tax credits for ethanol and for unconventional natural gas. The history of those two programs, and the current state of affairs in the energy world, speaks volumes about the relative merits of these two fuels.   Tax-paying capitalists find tax credits highly motivating. Whereas deductions reduce your taxable income, | Read More »