As the college bowl season began to wind down, I started to receive a flurry of text messages identifying those football players who elected to skip their senior season to enter the NFL draft. Then the shocker: Andrew Luck, Stanford quarterback and consensus #1 overall draft pick, decided to return for his final year of school.
How many people would advise someone to forego a multi-million dollar contract, and instead risk injury just to receive a college degree and complete the process he agreed to three years before? Many will call him a fool – but some of us call him a man.
Mr. Obama is being applauded in the mainstream media for bringing in new personnel with experience during the Clinton Administration. Devotees are insisting that these appointments will lurch him toward the center, work with the new Republican House, and prepare him for his re-election campaign. And that would do exactly what for his second term? Mr. Obama favors centralized government and expansive regulation from Washington. Handing him a second term will give him four more years to restrict individual freedoms and do permanent damage to the American dream. Mr. Obama will never have a life change and adopt Milton Friedman as his personal guiding light. You cannot make chicken salad out of ham.
Speculation is rampant that there may be a deal between the new Congress and Obama to lower the tax rate for corporations. At 35%, the United States has the second highest rate in the world, and that’s without considering state taxes. Our Canadian neighbors just lowered their top rate to 16.5%.
If this happens, it will be very amusing to watch the left go apoplectic – screaming about a sellout to those evil corporations even as it creates greater revenue for the government. Watch for this as Obama’s first great move to the center.
The inability of the New York Times to see beyond their instinctive liberal bias is often very entertaining. For forty years (and until 2010), there were no significant domestic oil spills in the Gulf of Mexico. When the presidential commission came out with its preliminary report, the Times could not wait to jump on the inadequacy of the regulatory bodies (which had a pretty good record for 40 years) and those evil profit-seeking oil companies. The report does not cite any specific shortcut taken for profit, but the Times implied so anyway.
Here is the real result: Does anyone think that any major oil company will ever again risk having to lay out over $20 billion for a stupid mistake? Or worse, risk a replay of the humiliation suffered by their chief executives? No CEO likes to lose money, but they like even less being personally and publicly embarrassed.
Of course, there’s no guarantee against another accident. But what happened to BP will cause every oil company to take deliberate and significant steps to avoid the same fate. Don’t look for a repeat soon. That’s your real regulation.
Maybe if enough additional people stop looking for full-time jobs, the unemployment rate will continue to plummet – thereby giving President Obama and his media acolytes the opportunity to applaud his “successful” economic policies.
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