Monday, March 08, 2010

Cruising the Web

The Yid with Lid is examining how the problems facing union pension plans are driving White House policy choices.

You might not have noticed it, but the CBO just came out with a worse estimate for Obama's budget forecasting $1.2 trillion over a decade than the Obama administration had predicted.

The WSJ examines how the minimum wage has been harming employment of teens, particularly black teenagers. If we're going to have to have a minimum wage it makes so much sense to have a separate rate for teenagers.

Michael Barone explains
why people are flocking to Texas while they're fleeing California. He concludes: "What's surprising is that Democrats in Washington are still trying to impose policies like those that have ravaged California rather than those that have proved so successful in Texas."

Robert Samuelson thinks that the millennial generation are really losing out. The bad economy is hitting them the hardest and the effects will linger over their lifetime of work. But they're the ones who will have to be paying for all these entitlement benefits voted in to support the retiring baby boomers.
Millennials could become the chump generation. They could suffer for their elders' economic sins, particularly the failure to confront the predictable costs of baby boomers' retirement. This poses a question. In 2008, Millennials voted 2 to 1 for Barack Obama; in surveys, they say they're more disposed than older Americans to big and activist government. Their ardor for Obama is already cooling. Will higher taxes dim their enthusiasm for government?

The Republicans are having fun playing on the natural suspicious that House Democrats have of their Senate counterparts.

Carl Cannon lays out
the reasons why Obama is still the odds-on favorite to win reelection. Reason number one is why I am also pessimistic that he can be defeated. At this point I don't see a Republican candidate who is now running who can win the election. It would have to be someone new whose name isn't in the mix now. And I just don't see such a candidate, even my choice, Mitch Daniels, winning both the nomination and the general election. I'm willing, however, to be surprised.

George Will thinks
that students today get too much support for baseless self-esteem and too little sleep. Amen.

Newsbusters catches George Will slapping down Robert Reich after Reich yammered on about the profits that health insurance companies make.
GEORGE WILL, ABC: A, you say they have huge profits. As you know, confiscate all the profits of all the health insurance companies, with those profits you could finance our healthcare for 48 hours. What you do for the next 363 days I don't know. Second, you say there's not enough competition? Fine, let them compete in a national market across state lines.

REICH: Yes, let them compete across state lines, fine. But not a race to the bottom. Set minimum federal standards because we've seen over and over again that the recipients of health insurance don't know what they are buying very often. Until there are common standards, minimal standards, then people are going to be taken. And that is what's happened over and over again.

WILL: There you have the premise of this legislation and the core of today's liberalism: the American people are such dopes they can't be counted upon to buy their own insurance.
As Newsbusters points out that health insurance companies make only 2.2% profits out of their revenues ranking them 35 of top industries. Once we start demonizing that level of products and insisting that even more government regulation is necessary then we will see similar demands for industries 1 - 34 on that list.

The British Equality and Human Rights Commission wants the same human rights protections as religions receive for vegans.

Peggy Noonan diagnoses
where Barack Obama went wrong.