George Will does a concise job of shooting down Obama's ideas of how to improve our economy and standing in the world. Read the whole thing, but here's a sample.
Russia, a third-world nation with first-world missiles, is rampant; Iran is developing a missile inventory capable of delivering nuclear weapons the development of which will not be halted by Obama's promised "aggressive personal diplomacy." Yet Obama has vowed to "cut investments in unproven missile defense systems." Steamboats, railroads, airplanes and vaccines were "unproven" until farsighted people made investments. Furthermore, as Reuel Marc Gerecht of the American Enterprise Institute notes, Democrats will eventually embrace missile defense in Europe because they "will have nowhere else to go short of pre-emptive strikes against Iran's nuclear facilities."
....Recycling George McGovern's 1972 "Demogrant" notion, Obama promises a $1,000 check for every family, financed by a "windfall profits" tax on oil companies. Obama is unintimidated by the rule against legislating about subjects one cannot define.
Obama thinks government is not getting a "reasonable share" of oil companies' profits, which in 2007 were, as a percentage of revenues (8.3 percent), below those of U.S. manufacturing generally (8.9 percent). Exxon Mobil pays almost as much in corporate taxes to various governments as the bottom 50 percent of American earners pay in income taxes. Exxon Mobil does make $1,400 a second in profits -- hear the sharp intakes of breath from liberals with pursed lips -- but pays $4,000 a second in taxes and $15,000 a second in operating costs.
George Will does a concise job of shooting down Obama's ideas of how to improve our economy and standing in the world. Read the whole thing, but here's a sample.
Russia, a third-world nation with first-world missiles, is rampant; Iran is developing a missile inventory capable of delivering nuclear weapons the development of which will not be halted by Obama's promised "aggressive personal diplomacy." Yet Obama has vowed to "cut investments in unproven missile defense systems." Steamboats, railroads, airplanes and vaccines were "unproven" until farsighted people made investments. Furthermore, as Reuel Marc Gerecht of the American Enterprise Institute notes, Democrats will eventually embrace missile defense in Europe because they "will have nowhere else to go short of pre-emptive strikes against Iran's nuclear facilities."
....Recycling George McGovern's 1972 "Demogrant" notion, Obama promises a $1,000 check for every family, financed by a "windfall profits" tax on oil companies. Obama is unintimidated by the rule against legislating about subjects one cannot define.
Obama thinks government is not getting a "reasonable share" of oil companies' profits, which in 2007 were, as a percentage of revenues (8.3 percent), below those of U.S. manufacturing generally (8.9 percent). Exxon Mobil pays almost as much in corporate taxes to various governments as the bottom 50 percent of American earners pay in income taxes. Exxon Mobil does make $1,400 a second in profits -- hear the sharp intakes of breath from liberals with pursed lips -- but pays $4,000 a second in taxes and $15,000 a second in operating costs.
