Here then, is a practical guide to the Obama administration's nonsensical solar policy: Washington gives tax breaks to Wall Street to fund LLCs that buy solar panels from the Chinese to "help" the American solar industry, while the ITC threatens to levy a tariff on those solar panels, which would raise the price of solar energy to U.S. homeowners. In short, Wall Street pockets the money and consumers get higher solar-energy prices.The Washington Post's Fact Checker rates Obama's claims in his Osawatomie speech a Three Pinocchios speech with his claims about the rich paying only 1% in taxes.
We should stop reflexively indicting Wall Street "greed" and focus instead on Washington as the disruptive force in one market meltdown after another. Solyndra, the poster child of the Law of Misguided Subsidies, borders on irrelevancy compared to the full impact of bad economic policy.
The deputy commanding general of the U.S. military in Iraq contradicts Joe Biden's claim that the Iranian interference in Iraq is "very much overstated."
Daniel Henninger sees a parallel to Godfather II in Obama's Kansas speech as he singles out the wealthy who are supposedly getting a free ride in today's economy, he's cutting a segment of the population out. And what is his great idea of how to help the rest of us once he's slammed TR's "malefactors of great wealth?"
The Kansas speech was built around one concrete policy idea: that the rich and millionaires (officially still defined as families with before-tax income above $250,000) should send him more money so he can "invest" it. This single policy, if we heard correctly, will end high unemployment, raise middle-class incomes, put children through college, make America fair and defeat countries that pollute.Yeah, sure. We've seen what that approach has done for us since 2009 and the proof isn't there.
The left as seen through the Center for American Progress and Media Matters have been organizing a steady campaign against Israel. Is this really where the Democrats want to be?
Ann Coulter bitingly revisits Newt's long-time adoration of the Tofflers and the "Third Wave" about how we need lots of government programs to help people adjust to the technology revolution. As Mark Steyn imagines a Gingrich candidacy,
We’d wind up with a cross between Teddy Roosevelt and Alvin Tofler who canoodled on the sofa with Nancy Pelosi demanding Big Government climate-change conventional-wisdom punitive liberalism just as the rest of the planet was finally getting off the bandwagon . . . but the media would still insist on dusting off their 1994 “The Gingrich Who Stole Christmas” graphics.And then Steyn on the radio,
“I think this is the worst of all worlds for Republicans,” he said. “He is someone whose inclination — he’s got this progressive big government streak. He’s sort of like Teddy Roosevelt mixed with some sort of novelty-crazed futurologist. He has a big government progressivism sort of inside him, yet combined with the reputation of some sort of ruthless right-wing extremist.”Yeah, that's a winning candidate right there. No wonder the Democrats are happy to throw bombs at Romney and cheer Gingrich on from the sidelines.