Friday, December 22, 2006
Real Estate Bubble Not Busting Fast Enough
... and even if it does, that presents excellent buying opportunities for most of us.
Bush's Legacy Won't Be Iraq
Whenever personal Social Security accounts are finally implemented in America, a lot of people will call them "Bush accounts" no matter whose signature makes them a reality.
Fighting in the Middle East has been going on for a long time and George W.'s successors in office will preside over more of the same. What will be different and memorable will be the liberally derided Ownership Society gaining steam just as its loudest opponents take power.
The Democratic Party can't survive a large-scale increase in stock ownership in this country. And the "There is no crisis in Social Security" crowd knows it.
Congressional Democrats know they must escape the surrender monkey chattering if they are to have any hope of warming the office furniture in their new leadership offices for long. But our liberal activist friends might want to google Sarbanes Oxley to get a good idea of what is coming next. This bad corporate regulation measure -- which Bush signed -- has been holding publicly traded companies back even as the Dow stalks 13,000. Sarbanes Oxley has to go. When it does, it will become far more difficult for Social Security reform opponents to get away with calling the stock market a "risky scheme."
President Bush deserves a ton of credit for staying strong on the War on Terror. And he will get it. But the Ownership Society will be what he is remembered for most. The war as an issue to bludgeon Republicans will disappear quickly. But deciding whether we want to really pursue greater prosperity in America or waste time legislating huge raises for middle-class teenagers will have the real lasting impact on our nation.
Fighting in the Middle East has been going on for a long time and George W.'s successors in office will preside over more of the same. What will be different and memorable will be the liberally derided Ownership Society gaining steam just as its loudest opponents take power.
The Democratic Party can't survive a large-scale increase in stock ownership in this country. And the "There is no crisis in Social Security" crowd knows it.
Congressional Democrats know they must escape the surrender monkey chattering if they are to have any hope of warming the office furniture in their new leadership offices for long. But our liberal activist friends might want to google Sarbanes Oxley to get a good idea of what is coming next. This bad corporate regulation measure -- which Bush signed -- has been holding publicly traded companies back even as the Dow stalks 13,000. Sarbanes Oxley has to go. When it does, it will become far more difficult for Social Security reform opponents to get away with calling the stock market a "risky scheme."
President Bush deserves a ton of credit for staying strong on the War on Terror. And he will get it. But the Ownership Society will be what he is remembered for most. The war as an issue to bludgeon Republicans will disappear quickly. But deciding whether we want to really pursue greater prosperity in America or waste time legislating huge raises for middle-class teenagers will have the real lasting impact on our nation.
The Year Of The Dark Horse
Could a President Mark Sanford set things right in Washington D.C.?
It is a little late in the game, but shining the spotlight on tough fiscal conservatives like Governor Sanford won't hurt a bit.
It is a little late in the game, but shining the spotlight on tough fiscal conservatives like Governor Sanford won't hurt a bit.
Thursday, December 21, 2006
Reigning In The Political Blogs
This will be about as effective as price controls, the war on poverty, campaign finance reform, stopping "global warming," taxing our way to prosperity, gambling our way to prosperity, trade protectionism, affirmative action, equal pay for equal work, and a whole host of solid ideas to make things right in this crazy world.
We Need Awareness, But Not New Voting Law
I like that Secretary of State Trey Grayson wants to encourage and expand early voting. Voters should know that courthouses are open prior to Election Day and they can go in and cast their votes if they need to.
One thing to keep in mind is that the early voting police aren't very likely to come knocking on your door and haul you away if you vote early and wind up being in town on Election Day. If you want to vote and think you might not be able to make it in on that one day, go to the courthouse and cast your vote when you can.
We need greater awareness of existing flexibility for voters, not a new law with new procedures and greater expense.
One thing to keep in mind is that the early voting police aren't very likely to come knocking on your door and haul you away if you vote early and wind up being in town on Election Day. If you want to vote and think you might not be able to make it in on that one day, go to the courthouse and cast your vote when you can.
We need greater awareness of existing flexibility for voters, not a new law with new procedures and greater expense.
Wednesday, December 20, 2006
President Gilmore?
Tom DeLay says former Virginia Governor Jim Gilmore is the latest "I'm the next Reagan" candidate running for the 2008 GOP nomination.
We'll see.
We'll see.
Herald Leader's Favorite Republican
Now that former Transportation cabinet official Dan Druen is "spilling the beans" on Gov. Ernie Fletcher, the Lexington Herald Leader finds Druen suddenly credible.
Misplaced Economic Pessimism On Trade
It is terribly unfashionable to express optimism out loud these days, but when Newsweek's Robert Samuelson runs with the "trade imbalance disaster looms" nonsense, I can't let it go.
The people who insist the sky is falling on the U.S. economy count on readers quivering in fear and ignorance at terms like "real-estate bust," "steep gas prices," and worst of all "skewed trade."
The fact that mankind has survived and thrived through every housing cycle since the Adam and Eve were evicted from the Garden of Eden mystifies those who whisper this time could be different. If gas prices were too high, demand would have slowed by now.
And the trade deficit merely represents foreign entities sending goods and services to America in exchange for little pieces of paper. The panic wasted over this would be better spent on our broken tax system.
But even if we don't fix the tax system, we can easily overcome any hardship caused by these other bugaboos.
The people who insist the sky is falling on the U.S. economy count on readers quivering in fear and ignorance at terms like "real-estate bust," "steep gas prices," and worst of all "skewed trade."
The fact that mankind has survived and thrived through every housing cycle since the Adam and Eve were evicted from the Garden of Eden mystifies those who whisper this time could be different. If gas prices were too high, demand would have slowed by now.
And the trade deficit merely represents foreign entities sending goods and services to America in exchange for little pieces of paper. The panic wasted over this would be better spent on our broken tax system.
But even if we don't fix the tax system, we can easily overcome any hardship caused by these other bugaboos.
Tuesday, December 19, 2006
Left Still Blithering About "Marriage"
Rep. J.R. Gray (D-Benton) has created a bill that would establish a new type of marriage called a "covenant marriage." It looks like an end-run around no-fault divorce in Kentucky, but it has the moonbats barking at their own shadows. Again.
Surely if we can have regular marriages, and super "covenant" marriages, can it be very long before we throw in "drive-by" marriages so everyone gets to play?
Kind of reminds me of the look on Angelina Jolie's face when she tries to explain how she is going to continue to to let Brad Pitt use and abuse her and their children until "everyone can get married."
Surely if we can have regular marriages, and super "covenant" marriages, can it be very long before we throw in "drive-by" marriages so everyone gets to play?
Kind of reminds me of the look on Angelina Jolie's face when she tries to explain how she is going to continue to to let Brad Pitt use and abuse her and their children until "everyone can get married."
Mrs. Henry Piles On Miss USA
Miss USA Tara Conner of Russell Springs, Kentucky is expected to lose her crown today.
Yesterday, former Miss America Heather French Henry couldn't resist sticking a knife in Conner by suggesting the Miss America pageant has higher standards than the Miss USA pageant in an interview with WVLK AM in Lexington.
Such a misplaced display of arrogance at a time like this tells me she has been hanging around Steve Henry long enough for it to rub off on her.
Yesterday, former Miss America Heather French Henry couldn't resist sticking a knife in Conner by suggesting the Miss America pageant has higher standards than the Miss USA pageant in an interview with WVLK AM in Lexington.
Such a misplaced display of arrogance at a time like this tells me she has been hanging around Steve Henry long enough for it to rub off on her.
Monday, December 18, 2006
Dems Clobber Each Other Over Casinos
Sen. David Boswell (D-Owensboro) jumped on Speaker Jody Richards for his shifting position on casino gambling, saying he "kind of danced around the issue depending on where he is."
This Isn't Going To Work
Labor Unions continue to claim workers who don't pay union dues are somehow less qualified to make things like tires.
Sunday, December 17, 2006
Bipartisan Tax Reform A False Hope?
U.S. News & World Report inadvertently suggests why horse trading to get out from under our bad federal tax system may be tough to pull off.
The article states a consumption-based tax code could come about as some kind of a trade involving raising the cap on the Social Security payroll tax.
Ugghhhh...
These people really need to familiarize themselves with the FairTax before they try to discuss real tax reform. The FairTax would replace all income-based taxes and taxes on savings and investments, including the Social Security payroll tax. Democrats are establishing a solid track record of lying about the FairTax rather than addressing it.
The article states a consumption-based tax code could come about as some kind of a trade involving raising the cap on the Social Security payroll tax.
Ugghhhh...
These people really need to familiarize themselves with the FairTax before they try to discuss real tax reform. The FairTax would replace all income-based taxes and taxes on savings and investments, including the Social Security payroll tax. Democrats are establishing a solid track record of lying about the FairTax rather than addressing it.
Franken Missed Boat, Ready For A Swim
The Drudge Report says Al Franken is about to leave Air America and announce a 2008 run for the U.S. Senate. This should be fun.
His chances may have been better this year. After two more years of this, getting a moonbat like Franken elected to anything will be much more like swimming against the tide than it was for Democrats sailing with the wind at their backs -- and no need to discuss specific ideas -- in 2006.
His chances may have been better this year. After two more years of this, getting a moonbat like Franken elected to anything will be much more like swimming against the tide than it was for Democrats sailing with the wind at their backs -- and no need to discuss specific ideas -- in 2006.
Herald Leader: Tax Increase Bad, But Let's Keep It
The one thing that surprised me in this editorial was the first mention of the enormous shortfall in the state's public pensions I have seen in the MSM. They say it is $16 billion and I say it is $17 billion, but why quibble over the difference? We can't pay either amount.
We need to repeal the Alternative Minimum Calculation, but what we really need is state leadership willing to change expectations on government dramatically so we can cut spending enough to afford future pension liabilities. Raising new taxes -- or keeping bad ones like AMC -- won't be enough to stop the unfunded liability train from running over Kentucky.
We can't tax our way out of this.
We need to repeal the Alternative Minimum Calculation, but what we really need is state leadership willing to change expectations on government dramatically so we can cut spending enough to afford future pension liabilities. Raising new taxes -- or keeping bad ones like AMC -- won't be enough to stop the unfunded liability train from running over Kentucky.
We can't tax our way out of this.
Saturday, December 16, 2006
Believing Ahmadinejad
The biggest problem Americans have with Iran is some people believe their President Mahmoud Ahmadinejad when he says he wants to use "peaceful nuclear technology as a clean energy source and as a replacement for oil," while others believe him when he says "we shall soon experience a world without the United States and Zionism."
Blogs No Longer Blocked In State Offices
The prohibition against viewing of political websites by on-the-clock state employees has apparently been quietly dropped. Should be a hot topic of conversation in the MSM to start off a slow news week.
Nothing else big is expected next week except for some kind of announcement by Sen. Dan "Human Error" Mongiardo.
Nothing else big is expected next week except for some kind of announcement by Sen. Dan "Human Error" Mongiardo.
Friday, December 15, 2006
Casino Campaign Of 2007 Off To A Bad Start
Otis Hensley is no longer alone.
Treasurer Jonathan Miller signed up to run for the Democratic nomination for Governor today and then went on the Kruser and Krew program in Lexington to take a few questions.
To the question of his position on casino gambling, Miller vacillated pretty effectively, saying first he was concerned about low-income people who would gamble away more than they could afford, then saying he wasn't sure that he was against it -- and that it had to do with the "framing" of the issue -- before finishing up with the let the people decide mantra of the pro-casino campaign.
Given that Governor Fletcher has essentially the same answer, we are left to wonder where the candidate is who will come forward and talk about the taxpayers bearing the burden of all the public costs associated with state-supported casinos. The Bluegrass Institute had a good point about how, if we are going to do this, we should at least raise the financial barrier to entry into the casino business. We could go one step further and raise the tax on casinos from the proposed 35% to more like 90% like they have in Germany.
Better still, let's quit fooling ourselves and others into believing that casinos will benefit Kentucky as a whole.
Treasurer Jonathan Miller signed up to run for the Democratic nomination for Governor today and then went on the Kruser and Krew program in Lexington to take a few questions.
To the question of his position on casino gambling, Miller vacillated pretty effectively, saying first he was concerned about low-income people who would gamble away more than they could afford, then saying he wasn't sure that he was against it -- and that it had to do with the "framing" of the issue -- before finishing up with the let the people decide mantra of the pro-casino campaign.
Given that Governor Fletcher has essentially the same answer, we are left to wonder where the candidate is who will come forward and talk about the taxpayers bearing the burden of all the public costs associated with state-supported casinos. The Bluegrass Institute had a good point about how, if we are going to do this, we should at least raise the financial barrier to entry into the casino business. We could go one step further and raise the tax on casinos from the proposed 35% to more like 90% like they have in Germany.
Better still, let's quit fooling ourselves and others into believing that casinos will benefit Kentucky as a whole.
The Democrats Are Worse
I've taken a lot of abuse from my libertarian friends for continuing to insist Congressional Democrats will be a certain downgrade from GOP leadership, as flawed as it was.
Well, take a gander at this little shopping list. I don't see anything on here that does anything to improve America, do you?
Making illegal legislative conflicts of interest even more illegal in #1, raising taxes in #3 and #5, and of course forcing Social Security into the tank in #10 are some of the highlights. What are your favorites?
Well, take a gander at this little shopping list. I don't see anything on here that does anything to improve America, do you?
Making illegal legislative conflicts of interest even more illegal in #1, raising taxes in #3 and #5, and of course forcing Social Security into the tank in #10 are some of the highlights. What are your favorites?
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