Monday, May 21, 2012

Cruising the Web

Read Abigail Thernstrom's interview on the success of the 1965 Voting Rights Act that the Obama Justice Department seeks to ignore since they'd rather gin up accusations of racism for political purposes.

Jay Cost has some good advice for Mitt Romney.
However, these same voters do think Obama is more liberal than they are. This is Romney’s opening, for an unabashed liberal has not won the White House since 1964. Presidents Carter, Clinton, and Obama all secured victory by running, in some form or another, against or at least away from dogmatic liberalism. People nowadays simply do not trust the government very much—the country has generally been suspicious of big government for a couple of generations—which means that appearing to be a liberal is not a good way to win a national election.

Is Cory Booker the "surrogate from hell" or an exciting new sort of Democrat that Barack Obama could only fantasize about being?

Romney therefore can take the top three issues the country is concerned about—the economy, the deficit, and health care—and connect the people’s disappointment with Obama to their perception of him as a liberal. In other words, Romney needs to explain why things have remained so sour during the Obama tenure. That story is really a simple one: Things are bad three years after the worst of the recession because Obama’s policies have been too liberal to succeed.
That's why discussions of Jeremiah Wright and the Obama campaign's alleged efforts to bribe him to stay quiet, while entertaining for conservatives, don't serve the ultimate goal of defeating Obama. After Romney has convinced voters that Obama's policy choices have failed and were always doomed to failure,Romney can then make the arguments for his own policy recommendations. With Europe providing a counter-example, the message Romney needs is clear.

Ross Douhat brings his typical good sense to the whole Elizabeth comedy show.
For many colleges and universities, then, this contretemps represents a timely gift: a chance to think anew about these issues, before the pursuit of a cosmetic diversity leaves them looking as ridiculous as poor Elizabeth Warren does today.

The WSJ asks a question to puncture the accusations that Bain Capital is just vulture capitalism:
If Bain's standard operating procedure were to hand the next owner of one of its companies a ticking bankruptcy package, how is Bain still finding buyers nearly three decades later? And who would agree to lend money to a company backed by Bain? Wouldn't word have gotten around by, say, 1987 that Bain's portfolio companies weren't creditworthy?

The liberal critique of private equity assumes that the financial industry is full of saps who have been eager to lose money across the table from Bain for 28 years. This is the same financial industry that the same liberal critics say is full of greedy schemers when it comes to padding their own pay or ripping off consumers. But financiers can't be both knaves and diabolical geniuses at the same time.

Learning about Bain successes like Staples or Gartner or Steel Dynamics confirms the logical conclusion that Bain had to be creating value along the way—for investors, for lenders, and that means for workers too.

Examining the latest BLS data about which states have seen job growth since President Obama took office, John Merline notes this interesting correlation.
IBD examined state business friendliness rankings from Forbes, CNBC, the George Mason University's Mercatus Center, the Tax Foundation and Chief Executive magazine.

States that ranked in the top 10 in two or more of those lists had nearly twice the job growth rate of those showing up in the bottom 10 in two or more rankings. Top-ranked states also had an unemployment rate almost a full percentage point below the least business friendly states.
And guess what? Those states are states mostly governed by Republicans. Policies such as keeping taxes low and limiting spending and regulations work. Other states need to follow these models instead of following the disastrous policies enacted in states like California and Illinois.

If you believed Obama's rhetoric about eschewing special interests and lobbyists, the Washington Post will disillusion you with their study of the White House logs of who visits there on a daily basis.