Politicians say they will support "family farms" ... and why not? It sounds heart-warming... continue reading »

Next time your credit card company raises interest rates, or imposes an annual fee, or cuts back on your rewards program, or suddenly charges you for your “free” debit card and checking account ... blame Rep. Barney Frank and Sen. Chris Dodd. They were the key sponsors of laws passed this year that promised to “protect” you from unfair penalties, fees and interest rate hikes. That's Promise #5 in my new special “Politicians’ Top 10 Promises Gone Wrong”... continue reading »

My new special “Politicians’ Top 10 Promises Gone Wrong” airs this Friday in Hannity's timeslot -- 9pm EST (repeating at midnight EST).  Thanks, Sean, for letting me take your time! My first promise gone wrong was last summer, when the administration passed Cash for Clunkers, which paid people $3,000 to destroy their older car and buy a new one.  They promised it would, and then that it did, stimulate the economy.   President Obama said “it was more successful than we ever imagined.”  Of course he did.  Politicians always see the seen benefit – in this case, the auto dealers getting new bus... continue reading »

The Senate just passed the tax bill compromise that would extend the Bush tax cuts... continue reading »

Politicians like Bernie Sanders promise that they will “save family farming” and “strengthen family-based agriculture." The result: lots of special tax exemptions for farmers. Livestock owners don't have to pay any taxes on income that they then spend on their business. They can write off property taxes... continue reading »

Today’s Wall Street Journal reports that McDonalds “warned federal regulators that it could drop its health insurance plan for nearly 30,000 hourly restaurant workers unless regulators waive a new requirement of the U.S. health overhaul.” Why?... continue reading »

Today’s New York Times has an article appropriately titled: “Wage Laws Squeeze South Africa’s Poor.” It starts:

The sheriff arrived at the factory here to shut it down, part of a national enforcement drive against clothing manufacturers who violate the minimum wage. But women working on the factory floor — the supposed beneficiaries of the crackdown — clambered atop cutting tables and ironing boards to raise anguished cries against it... continue reading »