David Petraeus has fallen — but not as he should have. Before being disgraced by an extramarital affair, the retired four-star general and ex-CIA director should have been shamed out of public life for his horrendous military record in Iraq and Afghanistan.
In the new and beautifully animated six-minute film I, Pencil, the Competitive Enterprise Institute (CEI) has brought to life Leonard Read’s I, Pencil, one of the classic essays of free-market thought in the 20th century.
Killing the goose that lays the golden egg is one of those old fairy tales for children which has a heavy message that a lot of adults should listen to. The labor unions which have driven the makers of Twinkies into bankruptcy, potentially destroying 18,500 jobs, could have learned a lot from that old children's fairy tale.
Given the recent reelection of President Obama and his fellow partisans, this just might not be a bad time to acquaint ourselves with the writings of 19th century German philosopher Friedrich Nietzsche. Socialist rhetoric is in the air, and the air is thick. Rather than be burdened with guilt (and taxes) for our “lack of compassion” for “the disadvantaged,” we would be better served to call to mind Nietzsche’s contention that the socialists (or welfare-statists or “liberals”) among us are motivated first and foremost by their aching need for ever greater power. And that they seek to cloak their selfishness and dishonesty behind a veil of moral objectivity.
In striking down the Michigan affirmative-action ban, the 6th U.S. Circuit Court of Appeals is engaging in judicial activism, which is born of the same mentality that gives us Barack Obama’s flouting of the law. Obama circumvents the people’s will as expressed through their representatives by ruling through executive fiat; the judges circumvent it through judicial fiat. Obama trumps marketplace competition by picking winners and losers; the judges trump marketplace-of-ideas competition by picking winners and losers. And the real loser is freedom.
Today is a dark day for U.S. manufacturing as the storied corporation Hostess Brands Inc. announced that it was closing shop and liquidating, selling off its brands, facilities, and equipment. It is a sad ending to a company that had been in operation since 1930 and had weathered the Great Depression and the Great Recession. The closing will bring an end to a staggering 18,500 jobs.
During the last election campaign there was much talk about the Latino Vote, the African-American Vote, the Asian vote, the Soccer-Mom Vote, the Jewish Vote, but no talk about the one vote that tipped the scales of this presidential campaign in favor of Obama: the Illiterate Vote.
The most successful Republican presidential candidate of the past half century — Ronald Reagan, who was elected and reelected with landslide victories — bore little resemblance to the moderate candidates that Republican conventional wisdom depicts as the key to victory, even though most of these moderate candidates have in fact gone down to defeat.
The fiscal cliff draweth nigh. A lame-duck Congress and a triumphant President have six weeks to effect a deal that will keep the country from plunging over it. And right now, while both sides pay lip service to the idea of compromise, it looks like they’ll play chicken right up to the edge.
In the wake of Hurricane Sandy, there has been much talk about price gouging. New Jersey is prosecuting some who engaged in it, and pundit Bill O’Reilly has threatened to put offending gas stations in his fearsome Factor pillory. But is this prudent?