“Fast and Furious” Just Might Be President Obama’s Watergate – Frank Miniter [Forbes]
Ed note: Read this one. It’s long, but take the time. I’m always skeptical when someone predicts “the next Watergate,” but there is some awfully damning stuff out there that the White House is refusing to address. And despite having read a pretty good volume of material on Fast and Furious, I have yet to come up with an explanation for what apparently went on that isn’t very, very ugly. Anyhow, take the time to read it – and then ask yourself why this isn’t all over every major newspaper.
Why a gunrunning scandal codenamed “Fast and Furious,” a program run secretly by the U.S. government that sent thousands of firearms over an international border and directly into the hands of criminals, hasn’t been pursued by an army of reporters all trying to be the next Bob Woodward or Carl Bernstein is a story in itself.
But the state of modern journalism aside, this scandal is so inflammatory few realize that official records show the current director of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), B. Todd Jones — yes the individual the Obama administration brought in to replace ATF Director Kenneth Melson Aug. 30 in an effort to deflect congressional criticism — also has questions to answer about his involvement in this gunrunning scandal… Read the Rest
Poll: How much money does government waste? – Jan Norman [Orange County Register]
Most Americans think the federal government wastes more than half of the tax dollars it collects, according to a recent Gallup Poll.
On average, the guesstimate of waste is 51 cents of every dollar, the highest level going back at least 32 years that Gallup has been asking the question… Read the Rest (and then an interesting follow-up, here)
When Liberals Attack – Scott Adams [Dilbert Blog]
Is it my imagination, or has the liberal wing of the media's attacks on conservatives turned into a bunch of cheap gotchas involving nitpicked analogies and quotes taken out of context? Perhaps it has always been this way and I never noticed until this year. Or maybe I'm spending too much time reading The Huffington Post. Maybe you can help me sort this out.
Before I continue, I should note that my own views don't map closely to either the liberal or conservative camps. So I don't have a poodle in the fight. I'm just observing a trend… Read the Rest
The Frontrunner Stumbles – Stephen Hayes [Weekly Standard]
Belinda Kapaun came to the Republican presidential confab in Orlando last Thursday wearing a Rick Perry sticker. She was not wearing it Friday.
“He was my number one,” she said the morning after the FoxNews/Google presidential debate here.
Perry lost Kapaun with a weak performance marked by misstatements of fact, missed opportunities, and general incoherence. “When he was talking to Mitt Romney there was a part of that—if you printed it, I don’t think it even made sense,” she says… Read the Rest
Obama’s Great Buffett Confusion – Philip Levy [The American]
I really like bananas. Great way to start the day. Tasty and nutritious.
Wegman’s sells them for 49¢ a pound, but I would pay more than that. At 99¢ a pound, I’d still get them. I’m happier paying less, but I could afford the higher price.
So why doesn’t my grocery store take advantage of this? It could double the price of bananas and still keep my business. One reason might be that the nearby Safeway would start flaunting its lower prices and lure me away. But another argument is that I am not typical in my passion for the fruit. There are certainly other customers who are much nearer to indifference. At 49¢, they’ll pick up a few bananas; at 59¢, they’ll go with the melon. In economic parlance, the folks most likely to switch away when the price goes up are the marginal buyers. I, with my ardour, am an inframarginal buyer. For price setting, it’s the marginal buyers that grocery stores think about. At 99¢ a pound, I’d still be buying, but the store’s overall banana sales would fall sharply… Read the Rest
Despite ObamaCare, Costs Continue to Soar – Editors [Investor’s Business Daily]
Until now, many of the fears about ObamaCare have been theoretical. But this year's 9% spike in premiums is concrete evidence of the substantial harm it's already doing to our health care system.
As soon as the Kaiser Family Foundation's annual report on insurance premiums was released, ObamaCare defenders dismissed its most troubling finding: Insurance premiums for family coverage shot up an average $1,482 this year… Read the Rest
Obama’s Jobs Bill: Read it and Weep – Richard A. Epstein [Defining Ideas]
The dim news about the current economic situation has prompted the Obama administration to put forward its latest, desperate effort to reverse the tide by urging passage of The American Jobs Act (AJA), a turgid 155-page bill. The AJA’s only certain effect is to make everything worse than it already is by asking Congress to tighten the stranglehold that government regulation has already placed on the economy.
That sad fact would certainly elude anyone who accepted the president’s justification for the AJA when he sent the bill to Congress. This bill, he said, will "put more people back to work and put more money in the pockets of working Americans. And it will do so without adding a dime to the deficit." How? Why, by closing "corporate tax loopholes" and insisting that the wealthiest American’s pay their "fair share" of taxes… Read the Rest
Ford pulls its ad on bailouts – Daniel Howes [Detroit News]
For the only Detroit automaker that "didn't take the money" of the federal auto bailouts, Ford Motor Co. keeps paying a price for its comparative success and self-reliant turnaround.
There's no help from American taxpayers to help lighten its debt load, giving crosstown rivals comparatively better credit ratings and a financial edge Ford is working diligently to erase all on its own.
There's no clause barring a strike by hourly workers amid this fall's national contract talks with the United Auto Workers — a by-product of the taxpayer-financed bailout that General Motors Co. and Chrysler Group LLC retain until 2015… Read the Rest
Let Them Eat Windmills – Mario Loyola [National Review Online]
The White House recently announced a “jobs plan” that will cost American taxpayers about $500 billion starting in 2013 for a government spending spree today. We knew what to expect: green-energy subsidies, tax breaks for people who already pay no income tax, further stimulus for non-shovel-ready projects, increased taxes on the wealthy — in short, most anything except what would actually create jobs, namely lifting the prohibitive regulatory and tax burdens on the nation’s job creators. Obama’s policies — particularly his heartless energy policies — promise to eliminate many more jobs than they create… Read the Rest
Let’s Soak the Rich, GOP Style – Marc Thiessen [Washington Post]
President Obama is campaigning for reelection by casting Republicans as the party of the rich because they oppose his plan to raise tax rates on wealthy Americans. “If you’ve done well,” Obama declared in Cincinnati last week, “then you should do a little something to give something back.”
One person who agrees with that sentiment is Rep. Paul Ryan, the Republican chairman of the House Budget Committee — though not in the way Obama means it. Ryan wants the wealthy to give something back: the billions of dollars in government benefits, taxpayer subsidies and corporate welfare they receive each year and do not need. Instead of raising taxes, which would hurt growth and job creation, Ryan told me: “We want to stop subsidizing corporations. We want to stop subsidizing [wealthy] individuals. And you can get more money for savings to reduce the deficit without damaging the economy this way.”… Read the Rest
The Funniest Thing I Saw This Week