Tuesday, September 23, 2008

Classic Biden

"When the stock market crashed, Franklin D. Roosevelt got on the television and didn't just talk about the, you know, the princes of greed. He said, 'Look, here's what happened,'" Barack Obama's running mate recently told the "CBS Evening News."

Except, Republican Herbert Hoover was in office when the stock market crashed in October 1929. There also was no television at the time; TV wasn't introduced to the public until a decade later, at the 1939 World's Fair.

... "Part of what being a leader does is to instill confidence, is to demonstrate what he or she knows what they are talking about and to communicating to people ... this is how we can fix this," Biden said.

Source

Re-engineering Goverment ...

Ever wonder how we could balance the budget without huge tax increases?

Here's a great article discussing the need to re-engineer the Federal Government; it quotes the Grace Commission report which found that "... nearly one-third of all taxes collected by the federal government are squandered through inefficiency."

... 1/3 of all taxes would be more than enough to balance the budget at current tax rates.

Carl Schramm interview with Doug Holtz-Eakin (McCain's economic advisor)

Wednesday, September 17, 2008

Another video ...



Or with an alternate ending.

Another video ...


A critique of an Obama ad ...

Wednesday, September 10, 2008

Is Obama a Supply-Side convert?

"Democrat Barack Obama says he would delay rescinding President Bush's tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy." ... source

If you're admitting that taxing the rich hurts the Economy,you're actually admitting that the money the rich save on taxes, must TRICKLE DOWN into the Economy.

Yet in Obama's acceptance speech he made fun of trickle down saying: "For over two decades, he's [McCain] subscribed to that old, discredited Republican philosophy -- give more and more to those with the most and hope that prosperity trickles down to everyone else."

FYI - Supply side doesn't actually work on 'hand-outs' as Obama says above ... unless you consider letting someone keep more of what they make a handout. The philosophy posits that if you let people keep more of their income, that money will trick down into the Economy and grow the Economy.

I guess Obama is now a convert do that 'discredited Republican philosophy'.