Now they're leaning towards a surtax - aka a tax on a tax
Marginal Rev uses the E Word to describe the health care negotiations in DC
What's a bigger deal? Pols with romantic indiscretions or pols with $ corruption?
More good recent mil photos from Afghanistan
Neo on Walpin:
I have little doubt that, had the same allegations been made towards the Bush administration, the story would rate front page headlines every day. But somehow, the following news failed to make the cut at the NY Times, the Boston Globe, as well as the WaPo (although I must say that the WaPo, being among other things a DC paper, has been a great deal better about covering the Walpin case in general). Imagine, if you will, how the following would have been covered by the MSM if the administration in question had been a Republican one; I doubt that Byron York and the Washington Examiner would be the lonely voices letting us know that the Obama administration is stonewalling Congress by refusing to answer pertinent questions and figuring that they can probably get away with it.
And they are getting away with it—at least for now
Via Mankiw:
From Michael Kinsley:
Six hundred billion doesn't sound like all that much to achieve, or come close to achieving, an important and long-standing goal such as universal health care. But keep in mind that health-care reform is supposed to save money. Its premise is that the current path is unaffordable. In that sense, a "mere" $600 billion extra is total defeat.
China vs the US, just a quote from a piece at NRO;
Fortune magazine recently reported that the number of U.S. companies in the world’s top 500 fell to the lowest level ever, while more Chinese firms than ever before made the list. Thirty-seven Chinese companies now rank in the top 500, including nine new entries. Meanwhile, the number of U.S. firms has fallen to 140, the lowest total since Fortune began the list in 1995. This is not good.
China also surpassed the U.S. as the world’s biggest automaker in the first half of 2009, with June sales soaring 36.5 percent from a year earlier. The Chinese registered 6.1 million car sales for the first half of the year. That way outpaced American sales, which were only 4.8 million.
And China has no capital-gains tax. It only has a 15-to-20 percent corporate tax. The U.S., on the other hand, is raising its cap-gains tax rate to 20 percent. It’s also increasing its top personal tax rates.
Seems to me that the Chinese govt has been moving towards an Authoritarian Capitalism, like Singapore. It works. Sucks, but works.
Funny, it's the blue states that are in trouble.
Is it gonna be Romney? And what about Sarah's star appeal?
Did the O misread his mandate?
Is water a human right? Is this a meaningful use of the word "right"?
Why does the US get stuck with these Pali refugees?
Re the O Admin and the economy, The Audacity of Conceit at Am Thinker:
It is a common mistake of intellectuals to confuse IQ with common sense and verbal fluency with leadership qualities. They are simply unable to comprehend that academic success does not necessarily translate into a firm grasp on reality; the knack for endlessly bloviating on an abstruse subject does not automatically imply administrative ability; an academic degree is not a substitute for practical experience; and a professors' lounge is not a corporate boardroom.
Nobody would deny that the members of Obama's circle of economic advisors are indeed academically adept, well-spoken men and women. But have any of them ever run a lemonade stand, much less a bona fide business? Have they ever met a payroll? Do they know what it means to toss and turn in bed, worrying over the coming rise in vendor prices? They may have academic theories and marshal vast amounts of data, but have little practical knowledge of how things work in the real world.
So what do they bring to the administration other than long resumes and fearsome reputations as intellectual polemicists? All these brilliant academics have been brought on board for the sole purpose of lending an intellectual veneer to Obama's political schemes and validate his power grab. Hence the pitiful sight of these noted intellectuals being trotted out to the microphones to bleat pathetically in defense of the administration's agenda.
