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  • Barack Obama

    Toward a Neil Diamond-Free World

    The Atlantic’s Megan McArdle looks over Barack Obama’s economic plans and doesn’t like what she sees. Focusing on taxes she writes: As if those things [trade and labor law] weren’t enough, he wants to raise the capital gains tax. There is a reason that most [countries] tax capital lightly–actually several … More

    Morning Bell: The World Is Powering Up While America Powers Down

    The economy is by far the No. 1 issue on most Americans’ minds. Gas prices are a close second. The two issues are intimately related. But the spike in oil prices this year is just the tip of the iceberg. Due to similar developments in supply and demand, electricity prices … More

    Paul Krugman Is Half Right

    Following up on his apologia for Freddie Mac and Fannie Mae today, Paul Krugman blogs: What you need to know here is that the right — the WSJ editorial page, Heritage, etc. — hates, hates, hates Fannie and Freddie. Why? Because they don’t want quasi-public entities competing with Angelo Mozilo. … More

    Morning Bell: The Left's Crony Capitalism Exposed

    In 2004, after a tip from a whistle blower who was later fired, the Office of Federal Housing Enterprise Oversight (Ofheo) issued a report finding that the government-sponsored entity Fannie Mae had engaged in Enron-like accounting machinations that allowed Fannie to overstate its earnings and underestimate the risk the company … More

    Morning Bell: Does Not Compute

    According to the non-partisan Annenberg Political Fact Check, Sen. Barack Obama’s tax plan would increase gross tax receipts by $103.3 billion in 2011 alone. That number by itself would make it the largest single-year tax increase in American history since World War II, and measured as a percentage of gross … More

    Morning Bell: The Emerging Consensus for Victory

    Noting the U.S. military’s return of Anbar Province to Iraqi control, the Christian Science Monitor’s Sam Dagher reports from Fallujah: This is a city literally rising from the ashes. While reminders of two major US assaults here in April and November 2004 are inescapable, signs of rebirth are plenty. Men … More

    Obama Takes the 'Faith' Out of Faith-Based Initiative

    In his speech today on faith-based programs, Sen. Barack Obama (D-Ill.) proposed that religious groups cannot compete for government contracts unless they give up their freedom to consider religion in their hiring decisions, a radical proposal that effectively repeals Charitable Choice: In order to receive federal funds to provide social … More

    Obama's Flawed Faith-Based Plan

    Details are emerging today about Sen. Barack Obama’s proposal for a new “Council for Faith-Based and Neighborhood Partnerships.” While information is still being released, there are two immediate concerns with the proposal: The announcement emphasizes government funding — not changing the character of government to allow more space for civil … More

    Morning Bell: The Tax Man Cometh

    Benjamin Franklin wrote in 1789, “In this world nothing can be said to be certain, except death and taxes.” But although the outcome is always the same when the grim reaper visits, the punishment the tax man inflicts can vary widely. Since the early 1980s — after Americans rejected Jimmy … More

    Morning Bell: Where Does the Left Expect Our Energy to Come From?

    There were no fewer than 12 events relating to energy costs on Capitol Hill yesterday: six news conferences and six hearings. Today another nine hearings and news events are scheduled. Daniel Yergin, Pulitzer Prize-winning author of “The Prize” and chairman of Cambridge Energy Research Associates, assured one Senate panel that … More