It will be released this morning by Rep. Paul Ryan, as an alternative to the Obama insanity.
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This is economic foolishness because the real economic costs of those politically correct energy sources are far greater than for the current sources. Then the economy is also losing the costs of the increased taxes and subsidies. Overall, this will slow economic growth and reduce jobs on net. If the new sources don’t really come through with enough energy to power our economy, as is quite likely, that will harm growth even more.
The second component of the Obama “economic growth” agenda is to reduce health costs. But there is nothing in his health reforms that will legitimately reduce health costs by nearly enough to really help. The only way Obama’s health reforms are going to reduce health costs is by depriving doctors and hospitals of adequate compensation, and by rationing health care for those who are actually sick, as they do in Canada, Great Britain, and everywhere else they have so-called national health care. This will not only trash the health care industry. It will reduce the standard of living of the middle class, just like the new Fiat cars that Chrysler is now going to produce will do.
Finally, Obama is going to promote economic growth by increasing spending on education. But we already spend more on education than anyone else in the world by far, probably still more than we spend on national defense. That is why study after study shows that educational performance is not related to spending in America. What will improve education is fundamental reforms like school choice, which Obama opposes because he is owned by the teachers’ unions who are interested only in their own power and money, not education performance. So Obama’s increased education spending is not going to promote economic growth either.
Overall, the notion that this agenda is going to promote long-term economic growth is daft, to be as polite and diplomatic as circumstances will allow. Obama should not even use the words “economic growth.” He knows as much about that as he does about playing shortstop for the New York Yankees.
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?