Pushing his agenda for higher taxes on “the rich,” President Obama kicked off his December 6 speech in Kansas by saying his Kansas grandparents “shared the optimism of a nation that triumphed over the Great Depression.”
In fact, the 1929 stock market crash turned into the long-running Great Depression because the counterproductive soak-the-rich policies of the federal government hadn’t “triumphed” in reversing the downturn.
Election ’12: One thing is certainly true about President Obama — no matter how many times people point out the falsehoods in his speeches, he just keeps making them. Case in point: his latest “economic fairness” address.
In that speech Tuesday, Obama once again tried to build a case for his liberal, big-spending, tax-hiking, regulatory agenda. But as with so many of his past appeals, Obama’s argument rests on a pile of untruths. Among the most glaring:
• Tax cuts and deregulation have “never worked” to grow the economy. There’s so much evidence to disprove this claim, it’s hard to know where to start. But let’s begin with the fact that countries with greater economic freedom — lower taxes, less government, sound money, free trade — consistently produce greater overall prosperity
General Electric, one of the largest corporations in America, filed a whopping 57,000-page federal tax return earlier this year but didn’t pay taxes on $14 billion in profits. The return, which was filed electronically, would have been 19 feet high if printed out and stacked.
Two dozen “patriotic millionaires” traveled to the national’s capital on Wednesday to demand that Congress raise taxes on wealthy Americans.
The Daily Caller attended their press conference with an iPad, which displayed the Treasury Department’s donation page, to find out if any of the “patriotic millionaires” were willing to put their money where their mouth is.
The recently deceased Apple honcho Steve Jobs had a Manichean take on the digital marketplace. As he saw it, Apple — with its closed systems; its elegant simplicity; and its organic, innovative thoroughly integrated hardware and software — reflected the good, spiritual world of the light.
On the dark, material side of the digital divide — with its open operating systems, all promiscuously licensed, and its imitative, inorganic content and applications — loomed Microsoft.
In 1982, two social scientists—George L. Kelling and James Q. Wilson—published an article in the Atlantic in which they argued that a city window left broken is an invitation to further disorder. Their message was as simple as it was unconventional. Sweat the small stuff (graffiti, aggressive panhandling, petty crime) and you’ll stop problems before they grow bigger.
In the three decades since, mayors and police chiefs across America have transformed their cities by taking the broken-window message to heart, especially in New York. Now Occupy Wall Street has taken a high-profile part of Manhattan and turned it into an anarchist campground worse than the Tompkins Square Park of the 1980s, when it stood for the worst of New York—encampments of the homeless and a haven for drug dealing. The OWS protesters seem to have no fear of Michael Bloomberg: A sign at one entryway warns hizzoner that if he tries to interfere, he will be the one arrested.
A Long Island couple wants to trademark the slogan “Occupy Wall St.” with the intent to sell sweatshirts, T-shirts, bumper stickers and hobo bags, among other merchandise.
“I’m no marketing genius, but when you got something that’s across 50 states, it’s a brand now,” said 44-year-old Robert Maresca of West Islip, New York.
Maresca’s wife, Diane, filed a trademark application with the United States Patent and Trademark Office on October 18 and paid a fee of $975.
Look for moments of maximum pessimism. To the legendary value investor Sir John Templeton, this was the secret to learning how to buy low and sell high.
In recent months, I’ve been feeling the pessimism in a big way. You probably have too. Watching the scroll of headlines on cable news channels this summer, I thought I was in an overdone disaster film. Riots break out across the globe, screamed a Drudge headline. Markets were crashing. An earthquake cracked the Washington Monument. In my hands, Mark Steyn’s new book After America — a rollicking read that makes a strong case that we should prepare for the apocalypse — arrived perfectly timed with the S&P’s downgrade of the United States’ credit rating. The end, surely, seems nigh.
New Jersey Gov. Chris Christie’s attempt to liken Occupy Wall Street protesters to Tea Party activists demonstrates a gross misunderstanding of both movements.
In a video from a town hall meeting, which my colleague Charlie Spiering posted below, Christie responds to a question on the Wall Street protests by arguing that, “I think if you look at the Occupy Wall Street folks and the Tea Party folks, that they come from the same perspective, they just have different solutions. ”