Friday, January 20, 2012

Cruising the Web

With all the malarkey coming out of the OWS movement and fuss about Romney's taxes, it's time for some straight talk about who actually pays federal taxes. The WSJ lays out the facts, but you can study this chart and realize that things aren't exactly what the demagoguery would have you believe.

Charles Krauthammer is right
that some Republicans have been helping the Democrats by talking about Romney's Bain experience. Instead the focus should be on this one question from Rick Perry: “Are you better off today than you were $4 trillion ago?” Keep the focus on Obama and his policies. That's why I think that Romney's best answer last night was to the question that John King asked about what the candidates wished they'd done differently during the campaign. Romney was the only one who gave a substantive answer. He said that he wishes that, instead of attacking his fellow Republican candidates, he'd spent the time attacking Obama.

Here is a salutary lesson for Wisconsin voters facing a recall of Governor Walker. Contrast their economic situation with that of Illinois whose state debt has just been downgraded by Moody's to lowest of all the 50 states by following the sorts of policies that the SEIU wish Wisconsin would follow.
In contrast to the Illinois downgrade, Moody's has praised Mr. Walker's budget as "credit positive for Wisconsin," adding that the money-saving reforms bring "the state's finances closer to a structural budgetary balance." As a result, Wisconsin jumped in Chief Executive magazine's 2011 ranking of each state's business climate—moving to 17th from 41st. Illinois dropped to 48th from 45th as ranked by the nation's top CEOs.
Illinois is getting what they voted for. Wisconsin citizens should be glad that they are also getting what they voted for.

Thomas Sowell expounds on another disparity that doesn't get much attention.
The semi-literate sloganizing of our own Occupy Wall Street mobs recalls the distinction that Milton Friedman often made between those who are educated and those who have simply been in schools. Generating more such people, in the name of expanding education, may serve the interests of the Obama administration but hardly the interests of America.
Robert Samuelson calls Obama's decision on the Keystone XL pipeline is "an acto of insanity." No, it's an act of cold political calculation. And it's a sign of Obama's weakness that he felt he had to mollify his environmentalist supporters rather than making a win-win-win decision for jobs, energy security, and better relations with a good ally.
By law, Obama’s decision was supposed to reflect “the national interest.” His standard was his political interest. The State Department had spent three years evaluating Keystone and appeared ready to approve the project by year-end 2011. Then the administration, citing opposition to the pipeline’s route in Nebraska, reversed course and postponed a decision to 2013 — after the election.
One way in which the world of "Downton Abbey" is more democratic than today.

When you hear that the Democrats and unions have gotten the votes they need to launch a recall effort against Gov. Scott Walker in Wisconsin, just look a little more deeply into how they have happily and proudly used fraud in gaining those signatures.

So Iowa has lost the votes
from several precincts and so can't certify the caucus results with any certitude. Now there's an argument as to why Iowa deserves to be the first state in the election process.

Whatever your position is on felon voting, the bill that Rick Santorum voted for and talked about during Monday's debate was unconstitutional.

More hypocrisy from Newt: he took money to give a speech praising the very sort of private equity firms that now he's bashing Romney about.

Steve Kaplan at AEI explains why private equity firms are so valuable in our economy. It's a good primer if you don't understand what they do and how they earn their profits. When Gingrich and the Democrats complain about Bain Capital, they either are ignorant or just demagoguing. Or both.