President Obama and the Democrats are finally happy. Liberated from thoughts of compromise with Republicans, they can fully indulge their most lascivious pleasure -- trashing rich people.
I’ve only recently come to realize the nature of the hurdle this country faces in trying to turn around a stalled economy and horrendous deficit.
Ninety years ago -- in 1921 -- federal income tax policies reached an absurdity that many people today seem to want to repeat. Those who believe in high taxes on "the rich" got their way.
This was going to be a column insisting that Sen. Marco Rubio of Florida run for president of the United States. Now. Even though he has ruled out the possibility; even though he is but a baby senator. (Neither of these considerations has invariably stopped people in the past.)
This week's comments cover Obama's re-election strategy, the faux outrage police, faux conservatives, and Dolts of the Chevy or Clash line.
The sad truth of the matter is that most Americans don't pay much attention to politics and those that do often just parrot doctrine instead of investigating issues with an open mind.
President Barack Obama kicked off his "Shared Responsibility, Shared Prosperity" tour last week with a spirited defense of progressive principles -- hereafter known as America's "basic social compact."
The rich people are out of control, they tell us. In order to get them back under control, they have to be taxed. Obama and his friends want to tax impose a super-tax on the 4 million household making more than $250,000 per year.
Does it seem too strong to call the way America deals with its debt "madness?" If not madness, then what? Denial? An addiction? However you phrase it, we're a country that's in deep trouble, but so many of us seem unable to deal with it.
Construction Spending "Once Again Defies Expectations" Much Weaker Than Expected; Four Reasons Economists Perplexed | Mike Shedlock