Newsweek Not the Best Source of Economic Advice

Bias and economic illiteracy continue to rule in the mainstream news media, as Daniel Gross at Newsweek has put forth a stupid argument against tax cuts.

Gross's entire argument is predicated on the notion that tax cuts won't stimulate immediate consumption - contrary to conservative claims. A college professor may feel especially "flush" and buy books, Gross argues, but an average worker, in today's unique economic climate of fear, will not.

Putting aside the specious claim that today's climate is uniquely fearful, compared to say the days of the Carter Administration, Gross's argument is a straw man. It has nothing to do with the arguments that conservatives have been making on behalf of permanent, marginal tax rate cuts to create incentives to entrepreneurship and investment, which in turn creates new, good paying jobs.

It's never been about spurring consumption among the average worker. Newsweek is not the best source to get your economic policy guidance, I would suggest.

Tax Cheat Tim Geithner "Too Important" To Reject for Treasury?

Amazing, absurd story today about tax cheat Tim Geithner, Barack Obama's nominee for Treasury. When the political class decides a tax cheater is too important to their plans to "fix" the economy to disqualify for office -- even though the same tax cheat will oversee the IRS -- you know the country is in serious, serious trouble.

This is the "change" we've been waiting for? If a Republican tried this, the Democrats would be apoplectic. Don't tell me this is a principled group in Washington. They deserve nothing but scorn.

Read Byron York's coverage of this story at National Review Online.

Will Canada Show America the Way?

Great, educational piece by Theo Caldwell up there in the Great White North about Canada debating tax cuts and economic growth. The Canadians are pondering real solutions to economic woes, while America ponders the cult of Obama and his big-spending brain trust. Goh, Canada!