When the book The $3 Trillion War debuted in 2008, it was roundly criticized by such notables as John Lott, Richard Zerbe and Edgar Browning, who held that estimates of the cost of the war in Iraq were overstated. But in a conference call earlier this week, authors Joseph Stiglitz (Nobel Prize winner) and Linda Bilmes (Harvard University professor), said they underestimated those costs by at least one third.
In an appearance on Fox News' O'Reilly Factor yesterday, liberal pundit Bill Maher has targeted the GOP as a group of “racist, religious fanatics.” Maher has made a name for himself as a “comedic” critic of the conservative movement for years, rising to prominence through his role as host of Comedy Central's Politically Incorrect. Though he has gained a reputation for viewing all issues through his liberal worldview, his recent tirades against Christianity have been over the top, even for him.
Anyone who was confused as to why big insurance companies would support such an obviously anti-market piece of legislation as ObamaCare — a law supposedly designed to protect consumers from greedy, heartless insurers — need look no further than a September 30 New York Times report. Reed Abelson writes that the Principal Financial Group, which offers employer-based health insurance to about 840,000 people, “announced on Thursday that it planned to stop selling health insurance, another sign of upheaval emerging among insurers as the new federal health law starts to take effect.”
President Obama and the Democrats in Congress seem determined to play the class envy game in the tax policy of our nation. While Republicans have stood firm in demanding that the Bush Tax Cuts should remain in effect for all Americans, Obama and his allies are resisting what he calls “tax cuts for millionaires and billionaires.”
Perhaps sensing an inability to defeat his opponent based on the issues, Florida Representative Alan Grayson has resorted to fact distortion in an attempt to win the reelection to the House. In a political advertisement put out by Grayson, the deceptive Democrat attempted to equate his Republican challenger, former state Senator Daniel Webster, to the Taliban for his allegedly “fanatical religious beliefs.” Unfortunately for Grayson, FactCheck.org did its homework and uncovered Grayson's ruse.