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"We're really blessed in this country to have the Judeo-Christian tradition of wanting to love each other and help each other have better lives and to enjoy life and be good to each other. As opposed to the tradition of some Islamofascist localities where they do the reverse - sending their own children off to be blown up."
The Big Picture, 4/29/04.
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    June 29, 2004

    Bush Tax Cuts Power Economy, but Democrats Want to Raise Taxes

    Yesterday Hilary Clinton actually said that Democrats want to raise taxes on behalf of “the common good:”

    “Many of you are well enough off that … the tax cuts may have helped you,” Sen. Clinton said. “We’re saying that for America to get back on track, we’re probably going to cut that short and not give it to you. We’re going to take things away from you on behalf of the common good.”

    However, the result of the Bush tax cuts has been powerfully effective for the common good.

    From the National Review Online:

    A year after the Bush tax cuts the U.S. economy stands on the front end of an economic boom. Recent government reports on consumer spending, industrial production, corporate investment, and business sales suggest that overall growth in the second quarter could come in around 6 percent at an annual rate. That would put the trailing four-quarter recovery rate at 5.7 percent the fastest pace since 1984.

    That year, if you recall, followed the big Reagan tax cuts. This year follows the big Bush tax cuts. A coincidence? No. The incentive power of lower marginal tax rates on economic growth is one of the most underrated facets of mainstream economic thought.

    ...The Reagan tax cuts two decades ago were focused primarily on personal income, reducing the top marginal rate from 70 percent to 50 percent, and then 28 percent. The Bush tax cuts of 2003 were aimed principally at investment, lowering the governments take by roughly 50 percent. Almost immediately an economy buffeted by recession, stock market collapse, and corporate scandals all inherited from the prior administration and smacked by a brutal terrorist attack and the necessary launching of two wars suddenly came alive.

    What’s more, the people know how well the economy is doing:

    Consumer Confidence Reaches a 2-Year High

    NEW YORK June 29, 2004 Consumer confidence jumped to its highest level in two years in June, buoyed by an improved job outlook, the New York-based Conference Board reported Tuesday.

    The Consumer Confidence Index increased nearly 9 points to 101.9, up from a revised reading of 93.1 in May. The latest reading was much better than the 95 that analysts had expected.

    Lynn Franco, director of The Conference Board’s Consumer Research Center, said the strong improvement in current business conditions propelled consumer confidence to the highest level since June 2002, when the indicator was 106.3.

    ...”Looking ahead, consumers expect the economy to continue to grow at a healthy clip and to continue to generate additional jobs,” Franco said.

    So raising taxes is not for the common good. It would have the opposite effect.



    Update 6-30-04. Welcome, Carnival of the Vanities readers! This article was honored to be included in the latest Carnival of the Vanities, hosted this week by Quasi in Rem.



    June 28, 2004

    The U.N. Represents, not the World’s People, but the World’s Governments

    I heard Bruce Herschensohn speak yesterday. One interesting point he made was that the U.N. is not an association of the people of the world, as it is often billed. Rather, it is an association of the governments of the world.

    This is a very different thing, of course, since by Bruce’s count, over 77 of those governments (40%) do not permit freedom to their citizens.

    Bruce observed that the U.N. will never support freedom as long as so many of its member nations do not support it for their own people.



    June 27, 2004

    humor: leftist victimology as applied to the war on terror

    From Bruce Tinsley’s Mallard Filmore:

    image



    Good News in the War on Terrorists

    Victor Davis Hanson’s latest itemizes our achievements and the obstacles yet to be overcome in the war on terrorists. The good news he itemizes is worthy of note, in and of itself:

    Two-thirds of al Qaeda’s leadership are either dead or in jail. Their sanctuaries, sponsors, and kindred spirits in Afghanistan and Iraq are long gone. Detention is increasingly common for Islamicists in Europe and America. The Hamas intifada has failed.

    ...Despite Abu Ghraib and whining over the West Bank, most Arabs know privately that the United States gives billions to Egypt and Jordan, does nothing while the Gulf autocracies cut production to jack up oil prices, saves Muslims in Afghanistan, Kosovo, Bosnia, Kuwait, and Somalia, and is providing billions to Iraq at a level not seen since the Marshall Plan.

    ...a battle-hardened cadre of American veterans has emerged that is liquidating its opponents every day and thus gradually changing politics on the ground. The media has completely missed the story of just how good our combat battalions have become.

    ...We are winning the military war in Iraq and Afghanistan. The terrorists are on the run. And slowly, even ineptly, we are achieving our political goals of democratic reform in once-awful places. Thirty years of genocide, vast forced transfers of whole peoples, the desecration of entire landscapes, a ruined infrastructure, and a brutalized and demoralized civilian psyche are being remedied, often under fire.



    June 26, 2004

    “Plausible Deniability” and Big Media: The Biggest Suppressed Stories of the Year

    Here are my candidates for two of the most gigantic stories suppressed so far this year by big media:


    #1. Hussein busted up giant WMD factories and shipped them out of Iraq before and during the war.

    WASHINGTON – Most of the media continues to report that there were no weapons of mass destruction in Iraq.

    But evidence that Iraq had those weapons, or could have easily manufactured them, is now turning up in junkyards around the world. Most news organizations are ignoring the story.

    I tell my friends this and they don’t believe it even happened. So yes, it was printed by the NY Timesburied on page 12:

    THE REACH OF WAR: WEAPONS INSPECTIONS; Suspect Items From Iraq Shipped Abroad, U.N. Says

    UNITED NATIONS, June 9— Equipment and material that could have been used to produce banned weapons and long-range missiles have been emptied from Iraqi sites since the war started and shipped abroad, the head of the United Nations inspectors office told the Security Council on Wednesday.

    As the NY Times reports, factories that can produce WMD were busted up and shipped out of Iraq in the form of scrap metal during the Iraq war.

    ...Mr. Perricos accompanied his briefing with a report showing satellite photos of a fully built-up missile site near Baghdad in May 2003 and the same site denuded in February 2004.

    His spokesman, Ewen Buchanan, said that items removed from the site included fermenters, a freeze drier, distillation columns, parts of missiles and a reactor vessel—all tools suitable for making biological or chemical weapons.

    This story, which ends the “Bush lied” argument, was hidden on a back page of the NY Times. Big media is doing all they can to keep you from hearing about it.


    #2. Per Russian President Putin, Russian intelligence reported that Hussein planned terrorist attacks on the U.S.

    How do you ignore a story like this?

    Per Victor Davis Hanson:

    Russia looks at al Qaeda through the prism of Chechnya. For all its triangulation it wants America to succeed as President Putin’s amazing but mostly unheralded (buried on page 8 of the New York Times) revelation about Saddam’s terrorist plans suggests.

    That’s right, the NY times hid this one on page 8:

    MOSCOW, June 18 President Vladimir V. Putin said Friday that Russia gave intelligence reports to the Bush administration suggesting that Saddam Hussein’s government was preparing terrorist attacks in the United States or against American targets overseas.


    This is how papers like the NY Times get “plausible deniability”—they print a story like this once, on a back page, so that they can’t be accused of not covering it. Most readers never see it. And after that one article, they ignore it. No follow-up articles are printed. The story is suppressed.

    As for TV news—they often ignore such stories altogether.

    And the public doesn’t hear about them.

    That’s how big media tries to control how you vote.



    June 24, 2004

    The Rich Already Pay All the Taxes

    Next time you hear the Bush tax cut described as a tax cut for the rich, you may want to mention that: