Self-Delusion in the WH - As the two sides now prepare for a signing ceremony in Prague on April 8, it is important to inject an element of realism in the behavior of the Western side. The new treaty changes little, solves nothing, and is not a first step toward a world without nuclear weapons — which is simply not in our power to achieve. At best it shows that the self-deluding tendencies that gave the world arms control when the U.S. faced the Soviet Union are still alive in the 21st century.
The ObamaCare Writedowns: Billions of corporate damages roll in, and Democrats are shocked!:
..On top of AT&T's $1 billion, the writedown wave so far includes Deere & Co., $150 million; Caterpillar, $100 million; AK Steel, $31 million; 3M, $90 million; and Valero Energy, up to $20 million. Verizon has also warned its employees about its new higher health-care costs, and there will be many more in the coming days and weeks…
The Democratic political calculation with ObamaCare is the proverbial boiling frog: Gradually introduce a health-care entitlement by hiding the true costs, hook the middle class on new subsidies until they become unrepealable, but try to delay the adverse consequences and major new tax hikes so voters don't make the connection between their policy and the economic wreckage. But their bill was such a shoddy, jerry-rigged piece of work that the damage is coming sooner than even some critics expected. Read more…
'Basically an Optimist'—Still The Nobel economist says the health-care bill will cause serious damage, but that the American people can be trusted to vote for limited government in November… No, no. Not at all." So says Gary Becker when asked if the financial collapse, the worst recession in a quarter of a century, and the rise of an administration intent on expanding the federal government have prompted him to reconsider his commitment to free markets.
What They Told Us: Reviewing Last Week’s Key Polls > How long can Americans hold a thought? If the majority of voters stay as angry as they are now about the passage of the national health care plan, it could spell real trouble for Democrats in the November elections. But if, as Democrats hope, the anger fades, then the losses by the president’s party are likely to be more manageable. Read a lot more…
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