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The Unreal World of Liberals

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One of the fascinating things about liberals is how they create their own false realities and then simply ignore or block out of their minds facts that conflict with that reality. We have witnessed this phenomenon, big time, during the housing and banking crises. The crises were the fault of the free market, the liberals claim, because as everyone “knows,” America has a “free-enterprise” system, one that has once again failed. And what about the fact that Fannie Mae and Freddie Mac, which were at the core of the crisis, were government-created institutions, both of which had the implicit guarantee of the federal government? What about the mortgage regulations that forced lenders to make risky loans? What about the Federal Reserve’s artificially low interest rates that blew air into the housing bubble? What about the plethora of federal agencies that regulate the banking and lending industries? Oh, none ...

The Nobel Audacity Prize Goes to Cheney

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If there were a Nobel Audacity Prize, former Vice-President Dick Cheney would deserve to win it, hands-down. This guy is unbelievable. He’s taking President Obama to task for “dithering” by not immediately sending 40,000 more troops to Afghanistan. So, here’s a guy who, along with President Bush, had 7 years to straighten things out in Afghanistan. For all practical purposes, nothing tied their hands — not the Constitution (e.g., the declaration of war requirement), not the Congress, not the courts, and not the UN. Here was omnipotent government in action. Yet, despite having the power to do whatever they wanted in their invasion, occupation, and rebuilding of Afghanistan, seven years later, as Bush and Cheney were exiting Washington, U.S. troops were still occupying the country, and, even worse, things were going from bad to worse, as reflected by the call to send in thousands of more troops ...

Obama’s Tax on the Middle Class

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President Obama has no intention of keeping his campaign promise not to raise taxes on the middle class. Hiding this will take some clever moves, but maybe, now that he has won the Nobel Peace Prize, he’s trying for an Olympic gold medal in mental gymnastics. The tax increase for the middle class will come as part of his effort to overhaul the 15 percent of the economy devoted to medical care. This became clear when the Senate Finance Committee bill’s price tag was disclosed. The Washington Post reported, “The $829 billion cost would be more than offset by reducing spending on Medicare and other federal health programs by about $400 billion over the next decade, and by imposing a series of fees on insurance companies, drugmakers, medical device manufacturers and other sectors of the health industry that stand to gain millions of new customers under the legislation.” ...