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Why Does Barack Obama Hate Savings and Investment?
Tweet Share on Facebook February 24, 2012 Comment (12)President Obama's election year messaging is all about class warfare. Worse, under this guise, his recent budget submission makes it clear he plans to dramatically penalize savings and investment through the tax code. Since incentives matter, taxing something produces less of it for the same reasons subsidizing something yields more of it. Given that axiom, one is forced to conclude the president thinks we have too much savings and investment in the U.S. economy today. Hence his draconian proposal to increase the tax on capital gains from 15 percent to nearly 24 percent and to nearly triple taxes on dividends from 15 percent to 43.4 percent.
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Lessons From Barack Obama's Catholic Betrayal
Tweet Share on Facebook February 16, 2012 Comment (11)For a man with a well-earned reputation for picking and framing his political battles well, the president blew it last week when his administration went after a key pillar of the Catholic Church: its support for life. Worse, the White House went out of its way to communicate that its decision was done with intent and was determined by Obama personally. While the president's team quickly swung into damage control mode when it was clear that they had miscalculated, the decision offers tremendous insight into this presidency. Let's recap:
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There Is No Equivalence Between Solyndra and Keystone XL
Tweet Share on Facebook February 8, 2012 Comment (6)Members of Congress seem hell-bent on trying to establish moral equivalence between failed solar panel producer Solyndra and the Keystone XL pipeline extension. But even by D.C. standards, this is ridiculous. The Solyndra fiasco was a glaring example of the government playing fast and loose with more than half a billion taxpayer dollars. It has become the poster child of why governments should not try to anoint technologies and is just the latest in a long string of green energy boondoggles embraced by the politically correct here and abroad. Alternatively, the proposed pipeline extension is a project capitalized by the private sector. It expands capacity for a proven and reliable energy source (oil) and the increased supply would create downward pressure on prices for consumers.
