How long do politicians have to keep on promising heaven and delivering hell before people catch on, and stop getting swept away by rhetoric? Why should being in a professional sport exempt anyone from prosecution for advocating deliberate violence?
With gasoline prices climbing back up toward $4 a gallon, the President's health care reform in troubled constitutional waters, and job growth underperforming even the most pessimistic forecasts in the third year of an anemic economic expansion, no one should be surprised if the President's reelection team would like to change the subject. This year, "It's the economy, stupid" will likely not be the mantra for the Democratic presidential candidate as it was for Bill Clinton in 1992.
With Islamist extremists facing opposition as they consolidate their power within Egypt, the Muslim Brotherhood is looking abroad in the hope of gaining some unlikely allies. The Brotherhood’s Freedom and Justice Party may have reneged on its promise to stay out of Egypt’s presidential election, and has driven Coptic Christians off the commission charged with drafting their nation’s new constitution, but promises of business opportunities may win the support of foreign businesses that see an opportunity to make a profit.
Back in February when the Congress voted to extend the payroll tax “holiday” to the end of the year, the Washington Post was the first to notice the tsunami of tax increases coming next year. But then Lori Montgomery began to add up all the other taxes that will increase on January 1, 2013, and called it “Taxmageddon.”
When President Obama signs the JOBS (Jumpstart Our Business Start-up Act) bill into law today it will reflect the first sign in a long time that some in Congress are waking up to reality: government regulations stifle business growth. The bill passed the House 390-23 in March and then passed the Senate 73-26 last week but not without much weeping and gnashing of teeth from regulationists decrying the bill’s alleged resurrection of “deregulation.”
Without a concrete plan for funding, proponents of a California high-speed rail project began pitching their plan this week to legislators and the general public. Updated from a previous proposal, the new plan narrows the scope of the project and intends to speed up construction to save money. However, despite the spending reductions, the rail still leans on shaky funding sources that might never materialize.
Because April 15 is a Sunday and April 16 is a holiday in the District of Columbia, the deadline for filing federal income-tax returns this year falls on April 17. Coincidentally, that is also Tax Freedom Day for 2012: the day on which the average American will have worked long enough to pay his share of all the taxes government will extract from the populace this year.
When the Justice Department announced in March that it intended to sue Apple and five book publishers for collusion over the pricing of eBooks, David Boaz of the Cato Institute could be heard to say “Here we go again.” Boaz wrote about Washington regulators and busybodies two years ago, calling them “parasites” and expressing the hope that Apple would avoid the absorption into the Washington “Borg” suffered first by Microsoft and then Google.
Solar Trust of America, an energy firm based in Oakland, California, declared bankruptcy on April 2, fewer than 10 months after breaking ground on a project near Blythe, California, that was to be the world’s largest solar power energy project built on public lands. In its bankruptcy filing, the company claims to have assets of up to $10 million. Those assets, however, are dubious, consisting primarily of the Blythe project and another project in Riverside County, California, neither of which has gotten off the ground. Meanwhile, its liabilities may run as high as $100 million.
Reaching into President Obama’s 14-page, 7,200 word luncheon speech to the Associated Press on Tuesday, some conservative observers took umbrage at a few of his choicest and more outrageous characterizations of Rep. Paul Ryan’s budget bill, while leaving much behind.