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Articles - IBD Archives

A Nation of Thieves?

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We Have Become A Nation Of Thieves

Evil acts can be given an aura of moral legitimacy by noble-sounding socialistic expressions such as spreading the wealth, income redistribution or caring for the less fortunate. Let's think about socialism.

Imagine there's an elderly widow down the street from you. She has neither the strength to mow her lawn nor enough money to hire someone to do it. Here's my question to you, and I'm almost afraid of the answer:

Would you support a government mandate that forces one of your neighbors to mow the lady's lawn each week? If he failed to follow the government orders, would you approve of some kind of punishment ranging from house arrest and fines to imprisonment?


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Posted November 24, 2008 05:46 AM    Permalink
Read more on Articles - IBD

Connecting the Dots

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Drill, Dems, Drill

There were many reasons for the collapse of the domestic auto industry. We have mentioned the high labor costs and bloated union contracts. Others have blamed the manufacture of cars and SUVs no one wanted to buy. We'd also point out that, thanks to OPEC and Congress, fewer people could afford to buy them even if they wanted to. Detroit didn't die just because corporate CEOs had a penchant for private jets.

As long as gasoline was relatively inexpensive, SUVs were all the rage. They afforded us the comfort and safety we sought, particularly after corporate fuel economy standards were forcing Detroit to make smaller and less-safe vehicles. Fuel economy standards did little to reduce our dependence on foreign oil but did raise significantly the cost of operating such vehicles. So did high gas taxes.


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Posted November 22, 2008 01:20 PM    Permalink
Read more on Articles - IBD ~ Energy ~ Environment

Economic Justice

Barack Obama's Stealth Socialism

Election '08: Before friendly audiences, Barack Obama speaks passionately about something called "economic justice." He uses the term obliquely, though, speaking in code — socialist code.

During his NAACP speech earlier this month, Sen. Obama repeated the term at least four times. "I've been working my entire adult life to help build an America where economic justice is being served," he said at the group's 99th annual convention in Cincinnati. And as president, "we'll ensure that economic justice is served," he asserted. "That's what this election is about." Obama never spelled out the meaning of the term, but he didn't have to. His audience knew what he meant, judging from its thumping approval.


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Posted September 28, 2008 07:23 AM    Permalink
Read more on Articles - IBD ~ Candidate - Barack Obama ~ Socialism

What would Obama do?

Powell's No-Brainer

War On Terror: Islamic terrorists have attacked a hotel and a U.S. embassy in the span of two weeks. Russia is invading American allies and sending warships to our hemisphere. What would Obama do? - Gut the military.

That's right, the Democrat choice for commander in chief wants to not only slash military spending but dismantle our nuclear arsenal — all so he can pay for his massive new welfare programs.

Didn't hear that in his acceptance speech in Denver? That's because he knows better than to make such an anti-military plan widely known. But he made the little-noticed pledge just before the Iowa caucus to a left-wing pacifist group that seeks to reallocate defense dollars to welfare programs. The lobbying group, Caucus for Priorities, was so impressed by Obama's anti-military offering that it steered its 10,000 devotees his way.


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Posted September 27, 2008 03:31 PM    Permalink
Read more on Articles - IBD ~ Candidate - Barack Obama

Can Congress just walk away?

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Congress Lies Low To Avoid Bailout Blame

Congress says it likely will adjourn this month having done nothing on the most important issue in America right now: the financial meltdown from the subprime lending crisis. Can Congress just walk away from a problem it helped create? Maybe, maybe not.

There's now some talk of a grand deal between the Treasury, the Fed and Congress for a "permanent" solution: creating a government agency to buy up all the bad subprime debt, just like the Resolution Trust Corp. did with bad real estate in the 1980s and 1990s. Already, the U.S. Treasury and Federal Reserve are spending hundreds of billions of dollars to keep the subprime crisis from crashing the world economy. The collapse of twin mortgage giants Fannie Mae and Freddie Mac, along with the failures of Lehman Bros., Bear Stearns and insurer AIG, expose taxpayers to more than $1 trillion in liabilities.


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Posted September 24, 2008 05:30 PM    Permalink
Read more on Articles - IBD ~ Candidate - Barack Obama ~ Congress

The Drill-Nothing Congress

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Energy: The average price for regular gas hit $4 a gallon over the weekend. Gas prices have risen 75% since Nancy Pelosi took over. Where's the energy independence Democrats promised two years ago?

In November of 2006, House Speaker-elect Nancy Pelosi issued a press release touting the Democrats' "common-sense plan to help bring down skyrocketing gas prices." She accused the oil companies of "price gouging." The price of gasoline when the Democrats took control of Congress was around $2.25 per gallon.

The average price of regular gas crept over the $4-per-gallon barrier over the weekend, as measured by AAA and the Oil Price Information Service. That represents a more than 75% increase in the retail price of a gallon of gasoline on Pelosi's watch. Call it the "Pelosi premium" we're all now paying.


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Posted June 10, 2008 09:52 AM    Permalink
Read more on Articles - IBD ~ Candidate - Barack Obama ~ Candidate - John McCain ~ Congress ~ Energy

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