Events get driven by something. The motive power behind what happens in policy and politics can often lie hidden like the mass of an iceberg underneath the sea. Those who bother wondering why President Obama refuses to compromise on anything in order to avoid the “Fiscal Cliff” theorize two primary things. Barack Obama plays the PR angle to make Rethuglicans appear as the political subsumed class* of lackeys to the E-Vil Rich. Others assume he’s Richard Roundtree** and he’s sticking it to the man.
Both of these conjectures see only the tip of the iceberg. There are two possible errors in assuming either explains our President’s behavior in total. The first mistake is to assume that Barack Obama completely drives this train. The second is to assume that he reacts totally based on his ideological battles against Conservatism. Assuming a bond fealty between Barack Obama and his committed core of followers causes me to realize that President Obama (and much of the rest of the professional left in America) has strapped himself in for a ride on the tiger. He’s driving the bus from the movie “Speed.”
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A Fair Share of Taxes?
Every year, the Tax Foundation does extraordinary work breaking down and analyzing the macro tax data from the IRS. We’ve cited their work on numerous occasions in an effort to militate the tax myths propagated by the left. If you were traveling here from a different country and only heard media reports of our tax code, you would come away with the conclusion that the rich | Read More »
House should pass a bill to tax the rich and repeal Obamacare.
The House should pass a bill that repeals Obamacare while giving Obama everything else he wants from the fiscal cliff policies. I expect even Grover Norquist would approve of that tradeoff. The bill would repeal the Bush tax cuts on those earning over $250,000 per year while making the rest of them permanent, extend the unemployment benefits, repeal the sequesters, and do whatever Obama’s latest | Read More »
You have not converted a man because you have silenced him
You have not converted a man because you have silenced him
The Middle Class Tax Cut Doesn’t Exist
There is no middle class tax cut. That’s right, the “tax cuts for 98% of Americans” the Democrats keep shouting about don’t exist. Instead, there are currently only three proposals on the table. The first of these is the Republican plan which has already been passed in the House of Representatives. This plan would maintain the Bush tax rates for all Americans. The second plan | Read More »
“Consider This!”, Episode 23
Back with more topics than I’ve ever squeezed into 10 minutes or less, “Consider This!” is back with a new episode. A friend of mine posted a graphic of Sen. Bernie Sanders with a quote from him extolling the results of Social Security, with the tag, “Social Security has done exactly what it was designed to do.” Well sure, in the short term, big government | Read More »
The Lost Irony in the Tax Debate
There is an uncanny irony that has emerged from the bowels of the tax fight – one that is lost in all the banal details of the pitched battle. Democrats have fallen in love with the Bush tax cuts, which they fought so vociferously to block in 2001 and 2003. While the Democrats are demanding that we raise taxes on the rich, they are stridently | Read More »
Dispatch From Lisbon
“There appears to be an enormous divergence between what the Portuguese believe the state should deliver and the amount of taxes they are prepared to pay,” he told parliament recently.
– Vítor Gaspar, Portuguese Minister of Finance (HT: Ft.com)
It helps from time to time to get out that old set of notes from Economics 101 and give them a snappy re-read. On day 1 of the class, you get introduced to The Fundamental Problem of Economics. This cute little chestnut states that economics attempts to meet insatiable demand with limited resources. No feasible solution exists that is also optimal. The debate thus ensues over who gets fed and who gets (expletived).
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Republicans Should Support Tax Hike
The media is in full pressure mode in an attempt to do the President’s bidding by cornering Republicans into supporting tax increases as a way to cut the budget. This latest push, not like the one we saw in the summer of 2011 when both sides were dealing with a debt ceiling and a deadline is perhaps guided by an extra boost in confidence seeing | Read More »
Only in Washington
For those of us who are not schooled in the ways of Washington, here is a glimpse into the duplicity of the “budget savings” as part of the fiscal cliff negotiations. House Agriculture Chairman Frank D. Lucas has raised hopes that Congress might still be able to produce a multi-year farm bill soon, possibly as part of a package to block impending tax increases and | Read More »
Obamacare is Destroying America
I wrote a blog about this back on Janurary 23,2011 Entitled: Obamacare Is A Bad Bill and Wrong For America. In that blog, I did my best to sound the alarm and warn my fellow Americans about how bad of a bill Obamacare really was. Unfortunately, almost 51% of Americans either didn’t read it, don’t care or think they won’t be effected by it. They’re | Read More »
Saxby Chambliss’s Fuzzy Math
Last Wednesday, speaking in reference to Grover Norquist’s tax pledge, Senator Saxby Chambliss revealed himself to be a big government statist. Then again, we always knew that. He told a local TV station that if we hold the line on the anti-tax pledge, “then we’ll continue in debt, and I just have a disagreement with him about that.” This line of thought is emblematic of | Read More »
Uturnium, the Reverse-Think Atom
It’s a truism that discoveries are made when least expected. While playing a word game in the car recently we created the word ‘uturnium,’ which is the atom that causes drivers to do opposite of what would be expected in a given situation. This means things like turning left from the right lane, turning right with the left turn signal on, etc. After some serious | Read More »
Chambliss breaking ranks again
I’ll make this quick and to the point. We should primary against Saxby Chambliss because when we really need him to stand up for conservative values he does not. He voted in favor of TARP (see here). I talked about his willingness to break ranks in 2010 to raise taxes then (see here). Now he is discarding his pledge to not raise taxes (see here). | Read More »
Getting Cautious Amid the Fiscal Cliff Uncertainty
Over the past several weeks, the overall stock market has resembled a roller coaster — down up, down up and then a quick drop. That is the case no matter which major market index we look at. The only real difference among the Dow Jones industrial average, the S&P 500 and the Nasdaq composite index has been the degree of the drop. While the first | Read More »
Tags: Dow Jones Industrial Average
, fiscal cliff
, Nasdaq Composite Index
, Presidential Election
, s&p 500
, Stock Market
, Tax Rates