Taxation

WARREN BUFFETT’S FATHER SPOKE OUT ABOUT DANGEROUS INCREASE IN GOVERNMENT POWER IN 1956

AUGUST 17, 2011, Howard Buffett, a Nebraska congressman and father of Warren Buffett, on how taxes curtail economic independence, December 1956. From a speech by Howard Buffett, a congressman from Nebraska (and father of Warren Buffett), reprinted in the Freeman, December 1956: The last 40 years have seen a gigantic expansion of political power over

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EXXON, U.S. GOVERNMENT DUEL OVER OIL DISCOVERY

AUGUST 18, 2011 By RUSSELL GOLD Exxon Mobil Corp. is fighting with the U.S. government to keep control of one of its biggest oil discoveries ever, in a showdown where billions of dollars hang in the balance for both sides. The massive Gulf of Mexico discovery contains an estimated one billion barrels of recoverable oil,

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THE FALL OF THE MIDWEST ECONOMIC MODEL

AUGUST 16, 2011 In 1970, the future seemed to belong to Michigan’s example of big companies and big unions. Not anymore. By MICHAEL BARONE President Obama has kicked off a three-day bus tour of Minnesota, Iowa and Illinois, where the corn is high and at least some factories are spewing smoke. He’s holding town-hall meetings

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WASHINGTON ARRANGING THE CHAIRS ON THE TITANIC

WALL STREET JOURNAL August 11, 2011 Emerson Electric CEO David Farr during an earnings call, Aug. 2: GDP in the U.S. grew in the first half less than 1%. . . . It’s not new news. We have to deal with it. We have a tradition in the company to deal with those things. Then

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A DOWNGRADE AWAKENING

AUGUST 9, 2011 Amid the market wreckage, signs of a political turn. EXCERPT FROM THIS ARTICLE:  The downgrade uproar and even the market turmoil are signs that Americans aren’t about to accept economic decline gracefully. To adapt a famous phrase, a debt crisis is a terrible thing to waste During yesterday’s market meltdown, an old

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BARACK OBAMA’S PANTS ON FIRE

WOLF: Barack Obama’s pants on fire President told us a whopper about his mother’s health care By Dr. Milton R. Wolf   Dr. Milton R. Wolf is a board-certified diagnostic radiologist and cousin of President Obama. He blogs at MiltonWolf.com. – The Washington Times Tuesday, July 19, 2011 I remember Christmas of 1968 sitting on a

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KRAUTHAMMER – THE GRAND BARGAIN TO BE HAD

NEWS&OBSERVER The grand bargain to be had By Charles Krauthammer – Washington Post Writers Group Published in: Other Views August 6, 2011 WASHINGTON Conventional wisdom holds that the congressional super-committee established by the debt-ceiling deal to propose further deficit reduction will go nowhere. I’m not so sure. There is a grand compromise to be had.

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