Archive for the ‘The Economy’ Category

Investor’s Business Daily
- Editorial: ObamaCare Unravels; House Votes To Repeal - Repeal: The House voted by a wide margin Wednesday to rescind ObamaCare. Critics sniff that the vote was merely symbolic and therefore a waste of time. But this decision carries some weight.
- China Isn’t Ready To Lead The World - China: Listening to the media, you’d think Chinese President Hu Jintao’s U.S. trip is nothing less than a symbolic transfer of world leadership from an America in decline to a China in ascendancy. Not by a long shot.
- Mega-Mosque’s New Foundation - Islamofascism: Ground Zero mosque promoters think they’ve found a less radioactive frontman for their project. But their new imam appears worse than the one they’re sidelining.
- ‘Baby Doc’ Buffoonery - Democracy: The return of ex-dictator “Baby Doc” Duvalier to Haiti last Sunday was weird stuff, but logical in a failing state run by foreign aid groups. What Haiti needs is not bigger government, but freer markets.
- Viewpoint: John Kennedy And The First Amendment - Fifty years ago today, when John F. Kennedy became the first Catholic to be elected president, there was controversy. Many Americans still believed that a Catholic was simply not qualified to hold that office.
- On The Right: Political Class’ Vision Blurred By Its Hubris - It takes a worried man to sing a worried song, and in a recent speech that seemed like Larry Summers’ swan song, the president’s departed economic adviser warned that America is “at risk of a profound demoralization with respect to government.”
Laura Ingraham
- Mike Huckabee slams Obama’s state dinner for President Hu – January 19, 2011 (mp3) NOTE: Laura reveals that Mike Huckabee currently leads the race of GOP presidential contenders in an Iowa poll. Huckabee is definitely going to run in 2012, IMO. And he’s going to be tough to beat.
Mark Levin
American Thinker
- Report Card on Obama’s First Two Years by K.E. Campbell
Numbers don’t lie. - King Abdicates by Pamela Geller
Rep. Peter King appears to be squandering an opportunity in his forthcoming hearings on radicalization among American Muslims. - Flying the Terrorist Flag in Washington by Mark Cantora
In the Middle East, a symbol is never just a symbol. - Green Follies Escalate in the Face of Failure by Ed Lasky
Those widely heralded compact fluorescent bulbs (CFLs) turn out to be a bit of dud in the real world. - Race, Propaganda, and Schoolkids by Peter Wilson
A fascinating window into the fun-house mirror world of race theorists, racial “scholars,” and a good part of the anthropology profession. More - Liberals Who Hate Profits but Profit from ‘Green Jobs’ by Fred N. Sauer
How to make big profits with no capital of your own and a product that can’t compete in the marketplace. - Would You Write for the New York Times? by Alicia Colon
I recall when the New York Times was a bona fide prestigious and noble member of the Fourth Estate.

Saw this on the City of Brownsville website today. Click on the image to view in a new window:
A workshop and a special meeting will be held on Tuesday, August 31, 2010 at 5:45 P.M., and 6:00 P.M. in the Commission Chambers on the Second Floor of the Brownsville City Hall – Federal Building, located at 1001 East Elizabeth Street, Brownsville, Cameron County, Texas, 78520.
The entire PDF of the notice can be viewed here.
Not a good idea to raise taxes in the middle of the worst recession of the past 50 years.
I’m going to the meeting to let them know that I think it’s a stupid idea.
-Chris
The Brownsville City Commission will hold a public hearing and a vote on the first reading of the 11.3 million dollar debt called Certificates of Obligation.
The meeting will take place at 6 PM on Tuesday, July 20, 2010 in the Commission Chambers, on the Second Floor of the Brownsville City Hall – Federal Building, located at 1001 East Elizabeth Street, Brownsville, Cameron County, Texas, 78520. You do not have to sign up to speak.
We encourage those of you concerned over mounting debt at the local level to ATTEND the public hearing voice your concerns. Our city leaders plan to use a state law to circumvent our city charter, our local governing document, which calls for a vote of the citizens before the city incurs long-term debt. If this displeases you, then you are encouraged to attend.
They claim our taxes will not be affected by this, but that is highly suspect. Remember we are the Taxed Enough Already Party.
If you would like more information about the proposed Certificates of Obligation, you review the commission’s back up material at http://www.cob.us/government/agendas/10/Binder07_20_2010.pdf#page=81
The paper edition of the Brownsville Herald also points to changes in the legal public notices and what appears in today’s agenda. You can read that only in the paper edition, not the online version.
PLEASE SHOW UP – YOU ARE NOT ALONE.
Foulmouthed City Commissioner Charlie Atkinson skipped out of Tuesday’s city commission meeting in a manly fury of fireworks and slamming of doors. Oh but before that, the story should have been Commissioner Rose Gowen iterating the need to attract free money and grants. That seemed to be her idea for funding the Sports Park.
Did somebody forget to take a macro-economics class in college? Commissioner, grants and federal subsidies are not free money. There is no such thing as a free lunch either. There is no crying in baseball.
This Republican ad was posted on YouTube in February, 2010.
(From the Wall Street Journal Online)
By Arthur Laffer
People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies.
It shouldn’t surprise anyone that the nine states without an income tax are growing far faster and attracting more people than are the nine states with the highest income tax rates. People and businesses change the location of income based on incentives.
Likewise, who is gobsmacked when they are told that the two wealthiest Americans—Bill Gates and Warren Buffett—hold the bulk of their wealth in the nontaxed form of unrealized capital gains? The composition of wealth also responds to incentives. And it’s also simple enough for most people to understand that if the government taxes people who work and pays people not to work, fewer people will work. Incentives matter.
People can also change the timing of when they earn and receive their income in response to government policies. According to a 2004 U.S. Treasury report, “high income taxpayers accelerated the receipt of wages and year-end bonuses from 1993 to 1992—over $15 billion—in order to avoid the effects of the anticipated increase in the top rate from 31% to 39.6%. At the end of 1993, taxpayers shifted wages and bonuses yet again to avoid the increase in Medicare taxes that went into effect beginning 1994.”
