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Image via Wikipedia"The people who have the problem here are the American liberals who thought that Bush and Cheney were war criminals for what they did, but hail Obama’s targeted assassination as, you know, a sophisticated use of smart power." - Mark Steyn, on The Hugh Hewitt Show.Speaking of Cheney, I attended one of his rallies in northern California years back. Smart guy. I liked him, and still do. What's an American campaign rally like? It's like a Canadian rally, on steroids.
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Image via WikipediaUnder the Obama tax plan, the Bush rates would be repealed for the top brackets. Yet the "cost" of extending all the Bush rates in 2011 over 10 years was about $3.7 trillion. Some $3 trillion of that was for everything but the top brackets—and Mr. Obama says he wants to extend those rates forever. According to Internal Revenue Service data, the entire taxable income of everyone earning over $100,000 in 2008 was about $1.582 trillion. Even if all these Americans—most of whom are far from wealthy—were taxed at 100%, it wouldn't cover Mr. Obama's deficit for this year.Note that's just this year's deficit -- it doesn't even begin to address the mountain of accumulated debt. The WSJ article concludes:
Mr. Obama ludicrously claimed that Mr. Ryan favors "a fundamentally different America than the one we've known throughout most of our history." Nothing is likelier to bring that future about than the President's political indifference in the midst of a fiscal crisis.And the band played on.
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Image via WikipediaThanks to a generous share of GM stock obtained in the company's 2009 bankruptcy settlement, the United Auto Workers is well on its way to recouping the billions of dollars GM owed it — putting it far ahead of taxpayers who have recouped only about 30 percent of their investment and further still ahead of investors in the old GM who have received nothing.
The boon for the union fits the pattern established when the White House pushed GM into bankruptcy and steered it through the courts in a way that consistently put the interests of the union ahead of many suppliers, dealers and investors — stakeholders that ordinarily would have fared as well or better under the bankruptcy laws.Obama: not a Messiah, not even a great or good leader -- just another unprincipled politician paying off his support base at the expense of justice to ordinary citizens who invested their hard-earned money in GM shares.
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