Tuesday, July 17, 2012

Cruising the Web

If you want to know what America would be like if there were no Republican Party, just look at California. Is that the sort of model you'd like for your state or for the country?

Yet another law that Obama is ignoring.

Don't believe that Obama cares about outsourcing.

Andy Kessler has a great column explaining how creative destruction contributes to both productivity and creating new jobs. Unfortunately, it's a concept that liberals just don't understand.

What it's like to be a real duchess these days in England.

Obamacare was so quickly and carelessly drafted that the law, as written, left in a major error that would prevent the federal government from giving people subsidies for buying health insurance.

Mickey Kaus ponders whether Obama will get away with gutting welfare reform. Of course, the law doesn't give the executive authority to waive state work requirements. But when has that prevented Obama from doing what he wanted?

Fortune looks at how politics has permeated down even to reviews of cars as General Motors new hybrid, the Malibu Eco. Reviewers tend to give it positive overal comments and then get down to the nitty gritty to notice that it isn't fuel efficient and is just a lousy car to drive.

Obama says that the campaign is still about change. Somehow voting for the incumbent is not a vote for change.

Geoffrey Norman argues that, as long as Obama is waiving whatever it wants regardless of the law, why not waive regulations that make it harder for businesses to operate and grow. As if that would happen. But now that Obama has created this precedent, perhaps a Republican president could come in and do that.

Jay Cost points out that the real way that media bias shows up is in what they decide to focus on. This year they're spending a lot of time talking about Mitt Romney's business record. Of course, they neglected to shine that same focus on Obama's record or looking at the radicals and seedy politicians that he was associated with on his rise to prominence.

Bret Stephens wonders something that I've often wondered about: just what has Hillary Clinton done that makes anyone characterize her a "significant," "rock star," or great secretary of state?

So what would be the economic effect of following Obama's idea to raise taxes on people earning over 250,000? A new report by Ernst & Young found that the proposal would, in the long run, seriously harm the economy:
 Output in the long-run would fall by 1.3%, or $200 billion, in today‟s economy.
 Employment in the long-run would fall by 0.5% or, roughly 710,000 fewer jobs, in today's economy.
 Capital stock and investment in the long-run would fall by 1.4% and 2.4%, respectively.
 Real after-tax wages would fall by 1.8%, reflecting a decline in workers‟ living standards relative to what would have occurred otherwise.
The Demorats don't like the sound of Bank of America Stadium for the location of the Democratic convention so now they've unilaterally renamed it Panthers Stadium.

Five myths about free enterprise.

Ernest Hemingway came up with 47 variations on how to end A Farewell to Arms. And here's some make-believe alternate endings to The Great Gatsby.