kill the pig, rescue the taxpayer
Those who are still pushing this absolutely-must-have-right-now-or-the-world-will-explode “emergency rescue plan” aren’t all that concerned with sticking to the $700 billion price tag. Is it too much to ask from this Congress that we have a straight up-and-down vote on whether we should bail out private industry? Why yes it is. They just couldn’t resist adding [...]
more on the “rescue plan”
One day after the House Republicans, with the help of a significant number of Democrats, stopped this disaster of a federal bailout, the world hasn’t collapsed. The Dow rebounded a little today after its terrible day yesterday. I still think those who voted against this bill did the right thing. I am, however, unsympathetic to [...]
more reservations
There’s now a possibility that our Congress may pass a slightly modified version of Bush’s socialist bailout. I guess we should be grateful that the House Republicans were allowed some input in the current draft, because it could be much worse than it is. However, it’s not clear that the House Republicans got enough of [...]
worthy of note
I was going to give my in depth analysis of Sarah Palin’s acceptance speech Wednesday night, but wouldn’t you all rather read what Michael Barone had to say about it? She had a very strong debut, but she does have more work to do. The McCain campaign is doing a smart thing by keeping her [...]
rnc: random thoughts from red meat day
Before I get to Governor Palin’s wonderful speech, there are several other things that struck me as the RNC proceeds forward to the acceptance speech by McCain tonight. The first is that there aren’t many conservative women in the GOP pipeline contesting Senate races or any higher state offices. What does it say about this [...]
no choice
The continuing discussion over the wisdom of Senator McCain choosing a pro-choice VP should be about more than whether conservatives would actually sit the election out. I don’t think we can afford to make that threat. Senator McCain has a long pro-life Senate record, and we have a clear indication of where he stands on [...]
trust no one
We can now take offshore drilling off of the table as an issue Republicans and John McCain can use to hammer the Democrats in the general election. Any serious attempt to address our energy costs by adding offshore drilling to the mix has been sabotaged by five Republicans, including my other senator Lindsey Graham. Hope [...]
frum’s unconventional idea
David Frum wrote an article last week for Opinion Journal that is worthy of discussion regarding the party conventions of the Democrats and Republicans — he suggests that they would be more useful and interesting if we got rid of the media circus and the two major presidential candidates.
He says:
But what if the journalists were [...]
go right not left
Believe it or not, there is a Republican left with some credibility on fighting wasteful spending by our Congress — Senator Tom Coburn. Senator Coburn has been consistent in this area, but unfortunately many of his colleagues have refused to follow his lead, and that of other senators like SC’s Jim DeMint. There aren’t enough [...]
democrats attempt to punish big oil
They might want to remember what happened last time we imposed a windfall profits tax.
Interesting findings from a 2006 Congressional Research Service Report (quoted here). Full PDF here.
This is the most interesting part:
Reinstating the windfall profit tax would reduce recent oil industry windfalls due to high crude and petroleum prices but could have several [...]
