Pension priorities. How long ‘til Obama’s first misstep? Church socialism. Taxing experience. Poet’s corner. Plus more.
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That’s why prayer will become even more popular.
Perhaps we should begin our prayers for Panetta sooner rather
than later, so to speak!
— R. Philips
Corrales, New Mexico
Re: Doug Bandow’s Is God a Socialist?:
Well said, Mr. Bandow. At least you ask the right question. The
Church (include them all) enjoys tax-exempt status. This does two
things: it insulates and it biases. It insulates from the
problems that corporations face, including paying the freight for
their conduct, and it biases them in favor of those who
indiscriminately “need.” Although I believe that churches and
their leaders are largely socialistic, I don’t see that much can
be done about it. As I told a particularly lefty priest: I come
to Mass for the Transubstantiation, not political edification. It
seems to me that liberal clerics and liberal politicians share an
aversion to things ten: the politician doesn’t believe in the
Tenth Amendment; the cleric has no truck with the Tenth
RATIONAL, ALL TOO RATIONAL
Re: Alex J. Pollock’s Improving the Financial System for the Next Cycle:
Pollock’s proposals are so rational they have no chance of adoption in today’s political “Twilight Zone.” Fortunately, recommendation 6, “Study Financial History” requires no government mandate for the rest of us. One is tempted to doubt the current wizards of smart in government would stir themselves to such exertion if such a mandate existed.
I couldn’t help but note the following passage regarding loss
reserves: “Unfortunately, in this country the SEC went in just
the opposite direction from what the Spanish regulators did. It
actively opposed building large loan loss reserves, because it
regarded them as undesirable “earnings management,” which would
understate profits in good times, while providing a cushion for
bad years. The result was to overstate profits in the bubble and
to have insufficient cushion in the bust.” It is unavoidably true
that the accumulation of prudent loss reserves disappoints the
taxing authorities, which the cynic in me finds a more sincere
explanation of SEC policy than any notions of regulatory
— Bud Hammons
Re: Readers’ letters under “Quin’s Lament” in Reader Mail’s Abandon Ship:
There is no surprise that as socialists have taken over the U.S.
Government, all of the Marxist Socialist Media (MSM) such as the
New York Times, the L.A. Times, the
Washington Post, all newspapers in small cities that
have imposed a communist socialist persona on all of the news,
are going broke. Traditional Americans have put up with this
excrement for too many years, and are now dumping their
subscriptions to all of this media as fast as they can. Moreover,
Marxists, many of whom do not have any employment, as well as
Marxists at Universities and in Government must now view their
jobs with heightened awareness, as we working people are going to
see that they all go bankrupt. In contrast to Obama’s
inclination, we want to fire all the incompetents, we want people
who pay no taxes and who Obama would provide with welfare checks,
to now have to pay taxes, whereas those of us who have been
paying taxes should get a reduction. WE are not going to stand
for this brainless moron’s prescriptions for the U.S. Let him try
and he will soon be laughed off of the stage from the entire
— Patricia A. Helvenston, Ph.D.
TASTE OF THEIR OWN
Re: Ralph R. Reiland’s The Times’ Gas Pains:
It’s time to impose a progressive tax on those who tax others.
Make it a weekly tax, with a 3-minute a.m. filing window.
— David Govett
JEFFREY LORD AS POLITICAL ANTIDEPRESSANT
Re: Jeffrey Lord’s The Importance of Jack Kemp:
Still suffering from severe political depression since November,
I have focused on work and family and consciously avoided all
things MSM and most things alternative, such as TAS, NRO, and
even regular visits to Drudge. However, each week I find it
possible to take a short foray into these once familiar sites and
once again I feel the need to say “Don’t let Jeffrey Lord get
away.” Great stuff, ALL the time. Thank you Mr. Lord for another
enjoyable read in regard to Jack Kemp. May God bless him and hear
our prayers for him and our country.
— Roger Ross
I think Reagan made a big mistake when he didn’t put Jack Kemp on
— Charlie Pitale
Re: Peter Hannaford’s Henny Penny Post-Poland:
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?