Archive for July 12th, 2009

By Victor Volsky

Intelligent idiots, smart fools, multi-degreed morons – lots of monikers could describe a category of individuals dismayingly prominent in the ruling elites of the West. They are the people so divorced from reality, so engrossed in bookish pursuits that – for all their undoubted intellectual accomplishments and often as a direct consequence thereof – they invariably end up with egg on their faces whenever they try to engage in practical activities.

Worse yet, they idolize each other, sticking up for one another out of class solidarity. Case in point: a few days ago I watched a gathering of noted media intellectuals on C-SPAN. David Brooks of the New York Times was supposed to counterbalance the four leftist pundits who vigorously extolled Barack Obama’s genius. But even the token conservative’s criticism was perfunctory. Having poked a couple of holes in the administration’s economic agenda, Brooks waxed lyrical about Obama’s personnel policy. He was struck by the “sheer intellectual brilliance” of the economic team Obama has assembled, people “like Larry Summers” who dazzle any gathering and dominate any discussion. Read the rest of this entry »

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Joseph Finlay

The following excerpts of President Obama’s speech to Ghana’s parliament on Saturday contain some revealing and perhaps self-indicting characteristics of what the President considers to be hallmarks of “good governance”:

As I said in Cairo, each nation gives life to democracy in its own way, and in line with its own traditions.

Sage observation. In our peculiar American tradition, “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the pursuit and Happiness.” “Good governance” depends on limited government upholding these rights, and not “repressing them” (as you later say) under the pretense of “pro-choice,” “spreading the wealth around,” or “redistributive change.” Read the rest of this entry »

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By Daniel Salvaterra

North Carolina is a state with a huge budget deficit. It is one of the worst state deficits in the nation at $4.6 billion or 21% of the general fund budget for fiscal year 2010. In addition, North Carolina has the 5th worst unemployment rate in the country at 11.1%, and just missed the top 10 lists of the worst states in the country for business (39th here, and 38th here).

So how has the Tar Heel State proposed it solve its budget crisis and spur economic growth? Not by cutting spending of course! Governor Beverly Perdue has proposed $1.5 billion in tax increases, much of which will come from taxing online retail sales from companies that have no physical presence in the state. Read the rest of this entry »

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