|Photo: Chris Polk/ Getty Images|
Tuesday, August 30, 2011
Saturday, August 27, 2011
The snickering and pompous air of superiority from the East and West Coasts intelligentsia can be heard and felt all the way here in good ol' Texas. Ever since Governor Rick Perry entered the presidential race, liberal pundits' sagging spirits have been lifted. Obama's "Hope and Change" turned out to be little more than a slogan. Their dream of a new progressive America far removed from the "dark ages" of the Bush administration has been smothered by reality. But all that can be forgotten now that another Texas cowboy is on the national stage to be ridiculed.
Tuesday, August 23, 2011
Thursday, August 18, 2011
Wednesday, August 17, 2011
"The fact is that the major problem in American government is intellectual. It is not money. It is not will power. It is knowledge." ~ Newt Gingrich speaking at The Heritage Foundation on August 16, 2011
Unshackled from campaign consultants, Newt is back on his game. He dominated the most recent Republican presidential debate. And, yesterday, he gave an outstanding speech at The Heritage Foundation on the federal deficit. Much of the speech was a critique of the Super Committee established by the recent debt ceiling deal. While outlining his case against the Committee, Speaker Gingrich zeroed in on the largest problem affecting our government: lack of knowledge. Should Americans be surprised by Newt's conclusion? No... not really.
Tuesday, August 16, 2011
The previous post on this topic generated swift replies. I am not an economist. So I will let Bruce Bartlett - a domestic policy adviser to President Reagan - address the effectiveness of the Bush Tax cuts:
"The truth is that there is virtually no evidence in support of the Bush tax cuts as an economic elixir. To the extent that they had any positive effect on growth, it was very, very modest. Their main effect was simply to reduce the government’s revenue, thereby increasing the budget deficit, which all Republicans claim to abhor.
It’s worth remembering where the Bush tax cuts came from in the first place. In 1999, in the midst of one of the biggest economic booms in American history, then Texas Gov. Bush convened a group of Republican economists to draft a tax plan for him. Contrary to Ronald Reagan’s 1981 tax cut, which was a simple across-the-board marginal tax rate reduction, the Bush plan was a hodge-podge of tax gimmicks designed more to win the support of various voting blocs than stimulate growth."