Monday, June 28, 2010

Let's (Not) Hear It For The Boys

Joke Boy
The time has come, Franken said in an interview, for progressives to recognize that Roe v. Wade has distracted attention from what is now at the heart of the judicial controversy: the ability of individuals to assert their rights against corporations. (E.J. Dionne, Jr., Washington Post, 6/28/10)

Funny, the Supreme Court confirmation hearings that we recall have been characterized by incessant questioning – even badgering – by liberals of the potential nominee. And what has the topic been? Why it was Roe v. Wade!

Mortgage Boys
The bill represents the triumph of the very regulators and Congressmen who did so much to foment the financial panic, giving them vast new discretion over every corner of American financial markets.

Chris Dodd and Barney Frank, those Fannie Mae cheerleaders, played the largest role in writing the bill. Congressman Paul Kanjorski even offered a motion to memorialize it as the Dodd-Frank Act. It's as if Tony Hayward of BP were allowed to write new rules on deep water drilling. (WSJ, 6/28/10)

In a just world, Dodd and Frank would be serving time.


Today's Quote
The original sin—and it was nearly global—was to revive the Keynesian economic model that had last cracked up in the 1970s, while forgetting the lessons of the long prosperity from 1982 through 2007. The Reagan and Clinton-Gingrich booms were fostered by a policy environment for most of that era of lower taxes, spending restraint and sound money. The spending restraint began to end in the late 1990s, sound money vanished earlier this decade, and now Democrats are promising a series of enormous tax increases. (WSJ, 6/27/10)


The answer for Democrats is always the same: more taxes.

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