The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Democrats Continue 2010 Campaign, Attack GOP for ‘Tax Cuts for Millionaires’

Spokesman for Maryland Democrat Chris Van Hollen: “It is nothing more than an old Republican scheme to provide back door tax cuts for millionaires and special interests, run up the deficit, and then hide the bill from the American people.” Van Hollen, of course, was chairman of the Democratic Congressional Campaign Committee during the 2010 […]

Gunnery Sergeant Hartman: Obama Administration ‘Destroying This Country’

Our “Full Metal Jacket Reach-Around” (Rule 2) is named in honor of a memorable remark by the Marine drill instructor in the 1987 Kubrick classic. An actual Marine, R. Lee Ermey, was perfectly cast in that role. At a Toys for Tots event last month, Ermey spoke out against the Obama administration: “The economy really […]

Foreclosures Rising, Home Prices Slumping: Can You Say ‘Double-Dip’?

The stimulus that didn’t stimulate has now been exhausted, and all the gimmicks by which the Obama administration attempted to hide the economic catastrophe — remember “Recovery Summer“? — have failed to change the somber reality: U.S. home foreclosures jumped in the third quarter and banks’ efforts to keep borrowers in their homes dropped as […]

Class Warfare vs. Economic Facts

“A 2008 study of 24 leading economies by the Organization of Economic Cooperation and Development (OECD) concludes that, ‘Taxation is most progressively distributed in the United States, probably reflecting the greater role played there by refundable tax credits, such as the Earned Income Tax Credit and the Child Tax Credit. . . . Taxes tend […]

Pensions, Bankruptcy . . . and Racism?

Instapundit links to a New York Times story about the failure of the pension plan for municipal workers in Pritchard, Alabama. One thing that intrigued me about the story is something New York Times reporters Michael Cooper and Mary Williams Walsh barely brushed up against, the elephant in the room, race: The situation in Prichard […]

Big Ugly Deal Faces Senate Vote

Generally speaking, “widespread support” is D.C. code for “loaded up with enough pork and welfare giveaways that a majority will hold their noses and vote for it.” Which is the basic story of the tax compromise: Senators get their first chance Monday to vote on the tax-cut deal struck by President Barack Obama and Republicans […]

Ruh-Roh: Bernanke Says Unemployment Won’t Be Back to ‘Normal’ for Five Years

On “60 Minutes” last night: The nation’s unemployment rate, which has been over 9 percent for a record 19 months, is not likely to return to “a more normal unemployment rate” of about 5 percent or 6 percent for four or five years, the Federal Reserve chairman said in an interview with the CBS News […]

Everything You Need to Know
About ‘Tax Cuts for the Rich’ . . .

. . . was written more than 200 years ago: “The characteristic essence of property, formed out of the combined principles of acquisition and conservation, is to be unequal. The great masses therefore which excite envy, and tempt rapacity, must be put out of the possibility of danger. Then they form a natural rampart about […]

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