Capitalism

Obama’s New ‘Poverty’ Measurement – Robert Rector – National Review Online

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 will employ a statistical trick to ensure that “the poor will always be with you,” no matter how much better off they get in absolute terms.

via Obama’s New ‘Poverty’ Measurement – Robert Rector – National Review Online.

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 protest confined to demands such as a recount of the votes and, ultimately, a runoff in accordance with the law.The slogans of the protestors are no longer about election fraud. Today they include “Death to the Dictator,” “Freedom Now,” and “Iranian Republic, Not Islamic Republic!” One slogan is a direct message to President Barack Obama: “Obama, Are You With Us or With Them?” In short, the protestors no longer regard the present regime as the legitimate government of the country.

read the rest here… Amir Taheri: Iran’s Democratic Moment – WSJ.com.

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 a White House bedroom.

And that may be why the president has been so solicitous of union demands at the expense of the economy. As the jobless rate hits 9.8%, unions have managed to persuade the president to impose tire tariffs, violate the NAFTA treaty with Mexican truck restrictions, place protectionist “Buy American” limitations on federal contracts, and ice Colombian, Panamanian and Korean free trade treaties. Stern’s union has also harassed banks that took bailouts, making one wonder if a sort of Cuban or Venezuelan revolutionary mob activity against business has the White House imprimatur.

While Stern gets what he wants from the White House, the released visitors list shows no record of huddling with U.S. Trade Representative Ron Kirk, whose trade pacts could create 600,000 jobs if ratified, according to the U.S. Chamber of Commerce.

read the rest here… Investors.com – Skewed Priorities.

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 new trade agreement, and the two sides will now write up the technical language to codify it. As for the pending U.S.-Korea trade agreement, Congress has done . . . nothing.

via Europe Thumps U.S., Again – WSJ.com.

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, the bill would create a new government health entitlement that will kill private insurance and lead to a government-run system.

via A Reckless Congress – WSJ.com.

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 redistribution above all else, including job creation and economic growth.

via Democrats want to impose “surtax” to finance health care – WSJ.com.

Obama & Crew: Excellence Versus Nothing – HUMAN EVENTS

It is no wonder to me why President Obama believes and does what he does: he has zero experience in the private sector, zero executive experience, and even very limited experience in government.

via Obama & Crew: Excellence Versus Nothing – HUMAN EVENTS.

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.