Friday, August 26, 2011

Cruising the Web

The man who used social media to vault into the presidency has now become a laughingstock on Twitter as tweets turn negative on The One.

Obama is having to shore up his dissatisfied supporters in the black community.

Charles Krauthammer examines what is both right and wrong about the new Martin Luther King memorial. He applauds the placement of the memorial between the Lincoln and Jefferson memorials, but, as many have already commented, the monument itself is an atrocious throwback to socialist realism. Krauthammer also notes the omissions from the quotes taken to decorate the memorial.

Stephen Moore contrasts
the policies of Obamanomics and Reaganomics and their respective consequences.

There is something quite odious about Bill Keller's writing a column asking questions about the GOP candidates' religious beliefs and their associations. Notice that he didn't have the same curiosity about Barack Obama's 20 years in Jeremiah Wright's church. I'd prefer to leave the candidates' religion to their private consciences.

Robert Samuelson explains
why more inflation isn't the answer to what ails the economy.
Remember: The economy's basic problem is poor confidence spawned by pervasive uncertainties. The Fed shouldn't make the problem worse by embracing policies that, whatever their theoretical attractions, will create more uncertainties in the real world.

Ed Morrissey links to the rather delightful endorsement of Rick Perry from his onetime political rival, Kinky Friedman.

Kevin Williamson explains why the Obama administration is pursuing the exactly wrong policy on having the government jump even deeper into the mortgage refinancing market.

Just keep toting up those broken Obama promises. 29% of firms now say they may drop health insurance plans for their employees. Why shouldn't they do so when Obamacare is out there to pick up the slack? And think of what such a trend will do to the estimated costs of Obamacare.
The gap between the CBO estimates and the employer surveys could end up raising Obamacare's price tag by hundreds of billions a year. For every employee that loses their health insurance at work, the federal government would have to pay thousands in subsidies to help that individual, and often their family, buy insurance on the yet-to-be-created health exchanges. If the percentage of employers that drop their health plans is near 30 percent, Obamacare's price tag would rise by almost $1 trillion.

For all his wishing that the rich were taxed more, Warren Buffett still explains that he'd rather give his own money to charity rather than to the government. Rather a telling choice, isn't it?
I think that on balance the Gates Foundation, my daughter's foundation, my two sons' foundations, will do a better job with lower administrative costs and better selection of beneficiaries than the government.
Why shouldn't other multi-millionaires have that choice rather than following Buffett's prescription of paying the money to the government? And of course, there are those tax write-offs for charitable donations, but I'm sure that is not a consideration.