Thursday, October 7, 2010

Its SO the economy stupid

Couple good columns at RealClearPolitics

Congress Can't Repeal Economics - By John Stossel

"It's raining! I don't like it! Why hasn't Congress passed the Good Weather Act and the Everybody Happy Act?

Sound dumb?

Why is it any dumber than a law called the Patient Protection and Affordable Care Act, which promised to cover more for less money?"

Taxing the Rich - By John Stossel

"Progressives want to raise taxes on individuals who make more than $200,000 a year because they say it's wrong for the rich to be "given" more money. Sunday's New York Times carries a cartoon showing Uncle Sam handing money to a fat cat. They just don't get it.

As I've said before, a tax cut is not a handout. It simply means government steals less.
What progressives want to do is take money from some -- by force -- and spend it on others. It sounds less noble when plainly stated.

That's the moral side of the matter. There's a practical side, too. Taxes discourage wealth creation. That hurts everyone, the lower end of the income scale most of all. An economy that, through freedom, encourages the production of wealth raises the living standards of lower-income people as well as everyone else.

A free society is not a zero-sum game in which every gain is offset by someone's loss. As long as government keeps its thumb off the scales, the "makers" who get rich do so by making others better off. (When the government allocates capital or creates barriers to competition, all bets are off.)"

ObamaCare & the Costs of the Welfare State - By Charles Kesler

"But even as American government has lurched to the left in the past year and a half, American politics has shifted to the right. Instead of New Deal-style acclamation, Obama's orgy of state-building has been greeted by an entirely new grassroots conservative movement, the tea party, as well as a firming and inspiriting of right-wing opinion across the board. Gallup reports that 42% of Americans now consider themselves conservative, an all-time high, and only 20% call themselves liberal-margin of more than two to one. Independent voters are fleeing Obama in droves. His party will almost certainly suffer severe losses in 2010, not only in congressional seats but also in governorships and state legislative houses.

With the long-term momentum of American government and at least the short-term momentum of American politics pulling so strongly, so suddenly in opposite directions, something is bound to give. Either government will yield, or the people will."


I'm with Rick Santelli, hey gubmit:

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