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Romney's Practical Vision vs. Obama's Left-Wing Extremism

jdavidson Wrote: May 08, 2012 4:03 PM
Common sense dictates that with price increases, smokers would be deterred from smoking. Instead, the increase in prices has been a boost for illicit tobacco trading. “What happened was that the market size did not shrink, but instead there was a heavy increase in the illicit trade of tobacco because there weren’t enough measures in place to safeguard the market from infiltration by illicit traders,” says Karim Refaat, Head of Corporate Affairs for North Africa at British American Tobacco (BAT). http://businesstodayegypt.com/news/display/article/artId:256/Tobacco-Taxes-A-Smuggler-s-Boon/secId:3

In his weekly radio address on April 14, President Obama displayed his lifelong commitment to an ideological extremism of pure theory unhinged from reality. That failure of leadership is why America is in a scary downward slide that will not stop until fundamental change is made at the top.

The weekly radio address was on Obama's so-called Buffett Rule, which would double the top tax rates on investment income such as capital gains and dividends. The most revealing statement was this: "Now, this is not just about fairness. This is also about growth. It's about being able to make the investments...