The current poverty measure counts absolute purchasing power — how much steak and potatoes you can buy. The new measure will count comparative purchasing power — how much steak and potatoes you can buy relative to other people. As the nation becomes wealthier, the poverty standards will increase in proportion. In other words, Obama...
Capitalism
Amir Taheri: Iran’s Democratic Moment – WSJ.com
Most significantly, the movement that started as a protest against the alleged rigging of the election that gave a second term to President Mahmoud Ahmadinejad has been evolving. The crowds’ initial slogan was “Where Is My Vote?” and the movement’s accidental leaders, including former Prime Minister Mir Hossein Mousavi, tried hard to keep the...
Investors.com – Skewed Priorities
Service Employees International Union boss Andy Stern, who told the Wall Street Journal that if the power of persuasion didn’t work, then the persuasion of power would have to do. The records show Stern had 22 meetings, many face-to-face with the president, more than anyone else known so far. Stern might as well borrow...
Europe Thumps U.S., Again – WSJ.com
On present trends, most of Europe will soon have lower income tax rates than most of America. And now the European Union is stealing another competitive march on Washington, this time on a free trade deal with the world’s 13th largest economy, fast-growing South Korea. Last week Brussels and Seoul finished the outline of...
A Reckless Congress – WSJ.com
Mr. Obama’s February budget provided the outline, but the House bill now fills in the details. To wit, tax increases that would take U.S. rates higher even than most of Europe. Yet even those increases aren’t nearly enough to finance the $1 trillion in new spending, which itself is surely a low-ball estimate. Meanwhile,...
Democrats want to impose “surtax” to finance health care – WSJ.com
A new study by the Kaufman Foundation finds that small business entrepreneurs have led America out of its last seven post-World War II recessions. They also generate about two of every three new jobs during a recovery. The more the Obama Democrats reveal of their policies, the more it’s clear that they prize income...
Canada’s ObamaCare Precedent – WSJ.com
This is exactly what I’ve been saying. The Obama administration’s health care plans are a nightmare and a noose around the necks of the taxpayer in more ways than one. Canada’s ObamaCare Precedent – WSJ.com.
NYC 7th Grades Receive Cash Rewards For Good Grades
NYC 7TH GRADERS RECEIVE CASH REWARDS FOR HIGH GRADES ON STANDARDIZED TESTS – New York Post. Oh, and the Obama/liberal camp still don’t know that the “share your hard-earned money with someone less motivated, out of civic duty” program will fail completely and has failed completely each time it’s been tried. Silly liberals.
American capitalism gone with a whimper – Pravda.Ru
American capitalism gone with a whimper – Pravda.Ru. Don’t miss the second page, you have to click the “2″ at the bottom.
