Thursday, August 28, 2008
Wednesday, August 27, 2008
Who Woulda Thunk?
Tuesday, August 05, 2008
Economic Idiots, Part IV
Well, no I haven't mentioned it yet, though I did take him to task for other economic issues. Besides, his gas tax holiday is an awful idea, and the MSM did a good job pointing that out.
But the MSM isn't going to point out that Obama is an economic idiot. I use the term "idiot" because the only other option is to say that he willfully wants to wreck the the U.S. economy, something I can't believe.
Besides, idiocy is the perfect term fora policy such as using a windfall profits tax to fund energy rebate checks. As James Taranto points out, it's robbing Peter to pay Peter. Ask any economist, and he'll tell you that corporations don't actually pay taxes. People do. Corporations simply pass along their tax burden to shareholders (in the form of lower stock prices) and consumers (in the form of highger prices). Raise taxers on ExxonMobil will just result in higher gas prices which we then can purchase with our "energy rebates".