Truth Has No Agenda (GB)

Posts tagged “Free Markets

Wash Post Poll: Large Majorities Want Smaller Federal Gov’t, Say Gov’t Controls Too Much

[CNSNews.com]

U.S. TreasuryU.S. Treasury Building (AP Story)

(CNSNews.com) – A survey of 3,130 American adults conducted by the Washington Post and the Kaiser Family Foundation between July 25 and August 5 discovered that large majorities of Americans favor a smaller federal government and believe the government controls too much of our daily lives.

The survey discovered these results even though only 25 percent of the people it polled were Republicans, while another 34 percent were Democrats and another 34 percent were Independents.

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‘We Don’t Have Capitalism’: Glenn Beck, Richard Duncan and Art Laffer Break Down The Economic Crisis

[TheBlaze.com]

Glenn Beck hosted an unusual show on Tuesday night, devoting large segments of the program not to personal sermonizing, but instead to hearing from two different experts with very different takes on the economy. Those two experts were economists Art Laffer and Richard Duncan, who managed to both take a very pessimistic view of where the economy currently is, while also offering diametrically opposed suggestions for how to improve it.

Broadly speaking, Duncan approached the issue from the Left, while Laffer approached it from the Right. However, those two descriptions don’t actually do the full clash of ideologies justice. Duncan argued that the choice of options for the United States government was threefold, and that policymakers could either 1) Revert to a balanced budget, which would contract the economy all the way into a depression, 2) Keep spending at the current rates and go bankrupt and hit a recession in 5-10 years, or 3) Keep spending at current rates, but use the money to invest in up-and-coming technology, rather than to pay off cronies or create shovel-ready jobs. Duncan favored the third approach, as you’ll see in the following video:

{http://web.gbtv.com/media/video.jsp?content_id=23101059&source=GBTV}

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Obama Weighs Temporary Extension of Tax Breaks for Wealthy, Post Reports

Bloomberg

By Bob Willis

Oct 30, 2010 7:40 AM MT Sat Oct 30 14:40:37 GMT 2010

The Obama administration is considering a plan that would preserve tax breaks for both the wealthy and the middle class as it faces likely Democratic losses in the Nov. 2 midterm elections, the Washington Post reported.

Administration officials are discussing “decoupling” the Bush-era tax cuts to allow permanent extension for families making less than $250,000 a year and temporary extension of cuts for those making more, the newspaper said, citing people familiar with talks at the White House and among senior congressional Democrats. The Republicans would then be under pressure to defend extending the cuts for the wealthy as they expired in a year or two.

Debate over the tax cuts will resume when lawmakers return to Washington in mid-November after elections. Forecast gains for Republicans in the House and Senate would further erode Democratic support for halting the Bush-era taxes on the wealthy while continuing the extensions for the middle class, the newspaper said.

President Barack Obama and most Democrats say they want tax cuts extended for middle-income earners and to end for the wealthiest Americans. Republicans want tax cuts extended for everyone, arguing that an increase makes little sense as the economy recovers from the worst recession since the 1930s.

To contact the reporters on this story: Bob Willis in Washington Or bwillis@bloomberg.net

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net


Freedom Tower: Never Bet against America

Atlas Shrugs

Thursday, September 23, 2010

Freedom tower

Tracinski has a great column on great American Larry Silverstein’s Freedom Tower going up as we speak at Ground Zero. Robert Tracinski is the editor of the must read TIA Daily.

“Never Bet Against New York”

While everyone has been fixated by the controversy over the Ground Zero mosque, we’ve been missing the real story: Ground Zero is no longer a hole in the ground.

I want to emphasize again what a non-story the Ground Zero Mosque will probably turn out to be. I’ve thought this ever since I realized how little money is actually behind the project. David Frum is not my favorite conservative commentator—he’s a squishy welfare-state “moderate”—but he does us a good service by laying out clearly who owns the property, who is behind the project, and the fact that they don’t appear to have anything near the $100 million required to build it.

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