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Archive for September, 2010
What If This Were Bush?

It goes without saying that if Bush had presided over a phony end to the Iraq war, expanded the Afghanistan war, extended its reach into Pakistan, solidified the state secrets doctrine and claimed in no uncertain terms the right to assassinate American citizens without due process, the left would be up in arms. The…
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Congressional Democrats’ Adviser Joins Call for Regime Certainty

Joining the growing tide of those calling for an end to federal regime uncertainty, Moody’s economist Mark Zandi, a frequent adviser to Congressional Democrats, on CBS’s “Face the Nation” on the importance of quickly extending the tax cuts scheduled to expire at year end: I wouldn’t raise anyone’s taxes in 2011. I mean, I…
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Mosques, Book Burnings, Collectivism and War Worship

The Cordoba House Islamic community center, scheduled for construction on private land within a few blocks of where the Twin Towers once stood, has drawn ire from many Americans, many of whom have provocatively called it the “Ground Zero Mosque” and have condemned it as offensive, and many of whom have called on the…
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More Bad News for Climate Alarmists: Ice Melt Is Lower and Its Cause Dates 20,000 Years Ago

In more bad news for Climate change alarmists, a new study published in the journal Nature Geoscience says that ice loss is much lower than predicted by the latest United Nations’ Intergovernmental Panel on Climate Change Report. Estimates of the rate of ice loss from Greenland and West Antarctica, one of the most worrying…
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Another Softball Climate Change Investigation

It’s not news that “Global warming” has been morphed into “Climate change” as global temperatures have failed to rise as predicted by climate alarmists of the 1990s. But the quoted reaction by the head of the United Nations’ Intergovernmental Panel on Climate Change (IPCC) to the most recent investigation into the IPCC’s methodology is…
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New York Times Finally Gets It: “Let Housing Prices Fall!”

The New York Times finally gets what we on the “free market “fringe” have said from the beginning (under Bush and now under Obama): Housing subsidies, easy credit, bribing banks to refinance those “under water,” and–even worse–extending “first-time homeowner” programs to the nth degree just doesn’t work! Artificial stimulation of housing caused this bubble….
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Public School Spending Like There’s No Tomorrow

The failed and bankrupt Los Angeles public school district is spending money like there’s no tomorrow—which for the students it’s failing to educate is unfortunately true. The school district, currently running a $640 million deficit, is spending $578 million—about $140,000 per student—on a new, 24-acre school in the middle of Los Angeles. At the…
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Consumption Spending Is 70 Percent of GDP — So What?

It must be a condition of employment that a journalist who writes about the current recession include in his article the statement, “consumption makes up more than two-thirds of the economy” or “consumption spending accounts for 70 percent of GDP.” This seemingly simple, factual statement, however, is nearly always intended to carry some explanatory…
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The Business of Business is to Make Profits

In the debate triggered by Aneel Karnani’s essay on corporate social responsibility published in the Wall Street Journal (Aug. 23)—see the letters to the editor published on Aug. 30—a critical point was overlooked. If, as the late Milton Friedman taught, the sole objective of business is maximize profits, then the managers of those private…
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Is Obama a Traitor to His Class?

As businessmen, including many who supported Barack Obama’s presidential campaign, continue to go public with complaints about regime uncertainty and its discouraging effect on the economy’s recovery, some observers are speculating that the tycoons’ animus is driven at least in part by their sense of betrayal: they had recognized Obama as a member in…
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