‘Wal-Mart Moms’ Feeling Angst and Outrage
Posted in Main Blog (All Posts) on August 10th, 2010 4:31 am by HL
‘Wal-Mart Moms’ Feeling Angst and Outrage
Penny Nance, USA Today
Recently, I was reminded of a joke about a man whose credit card was stolen. When asked by his bank why it took him so long to report it missing, he replied that the thief spent less than his wife. I can understand that poor man's frustration when I look at how our government is on a similar reckless spending spree, borrowing on all of our futures.A healthy segment of female voters are feeling a similar outrage. Dubbed ” Wal-Mart moms” by political strategists, these women are moderate and possible swing voters in November; more than half voted for Barack Obama, yet they…
National Debt is Key 2010 Campaign Issue
DC’s Inadequate Response to the Economic Slowdown
Fairness and the Capital Tax Fetish
Glenn Hubbard, Wall Street Journal
Friday's weak employment report reminds us anew of the flagging U.S. economic recovery. While the Obama administration discusses additional stimulus packages, Treasury Secretary Tim Geithner is arguing that we should roll back key elements of the Bush tax cuts passed in 2001 and 2003. The administration is particularly skeptical about the benefits of today's lower rates on dividends and capital gains.The tax on dividends, for example, is currently 15%, but it could increase to as high as 39.6% if the 2001 and 2003 tax cuts expire. On top of this, a new 3.8% tax on investment incomes…
