As a 17-year-old freshman at George Washington University, I experienced many difficulties adjusting to newfound college life, not the least of which was trying to understand the well-accepted economic principle that productivity is a good thing.
Anecdotal reporting indicates that the Muslim Brotherhood's tactic of sacrificing bodies to generate public support is not working. Most reports relate views that the Brotherhood is getting what it deserves.
I already explained, immediately following Obama's speech, why his “grand bargain” on corporate taxes was not a good deal because of all the hidden taxes on new investment and international competitiveness. But I also had a chance to dissect the President’s overall track record on the economy.
There has been a war against business but the big boys with $2.0 trillion offshore and armies of lobbyists are weathering it better than Main Street. So it's no surprise that while the new tax proposal would eventually lower corporate taxes to 28% from 35% that only covers 2 million of 32 million businesses. The rest would pay at least 39.6% while the more successful are looking at 43.4% (Medicare tax 3.8% plus high individual rate 39.6%).
Like Don Quixote tilting at windmills, President Obama is on a mission. With the Environmental Protection Agency as his sidekick, he is launching an all-out offensive to drastically cut carbon dioxide emissions.
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