Head for the hills; gas prices are over $3 – just make sure you carpool. That’s the message network Chicken Littles are telling viewers as they hype so-called “record prices” and warn of an economic cataclysm tied to $4-, $5- or $6-a-gallon gasoline. Diane Sawyer even linked the prospect of pain at the pump to the idea of another stock market crash. “Will runaway gas prices keep soaring, and did you know that the stock market has hit a milestone reminiscent of what happened before the big crash?” she asked during the May 8, 2007, “Good Morning America.” Since Jan... continue reading
The stock market is reflecting the strength of the American economy. The Dow broke 13,000 on April 25 for good reason. Corporate earnings are strong, the economy is growing, tax revenues are up and the federal budget deficit is shrinking. Yet the media continue to try to find bad news or to pretend that somehow market participants are misguided. Should we bet on the market or the media? The day after the Dow reached 13,000, the Media Research Center pointed out how CBS and ABC both reacted to the Dow reaching its historic high with stories that implied the economy... continue reading
I’m a rare combination: a trained journalist who grew up understanding the value of guns. My dad taught me how to shoot and made sure I understood safety, my rights and my responsibility – namely, that the government wouldn’t be around if I suddenly needed protection. I’ve been rather queasy reading and hearing journalists’ take on the Virginia Tech shooting. One of the worst articles I’ve seen was purely coincidental. Marie Claire magazine’s May issue – which would have gone to press before the tragic rampage on April 16 – featured a stomach-turning essay by Sarah Liston, a woman who... continue reading
The answer to the old riddle “What’s black and white and read all over?” is a newspaper. The new riddle is “What’s black and white and green all over?” Now it’s a magazine. On newsstands today, you can find enough “green issues” to satisfy even the most eco-illogical. There are special editions or cover stories from Vanity Fair, Fortune, the Atlantic and Glamour. Others like Time, Newsweek, Motto, Cookie, Outside and Domino already chimed in – attacking business, urging new regulations and generally adding “-ist” to the concept of social responsibility. Sports Illustrated even gives us the business of sports... continue reading
If you’re getting a tax refund this year, you’re probably excited. How will you use the money? Save it for a rainy-day pizza party? Upgrade your basic cable TV? If you didn’t get a refund, you’ll especially want to read on. Funny how big government has mesmerized us into believing it’s a treat to keep some of our own wages. It’s an illusion they have to protect so they can squeeze out more each year. And if we don’t put major pressure on our lawmakers, they’re going to squeeze us for all we’re worth – and then some. The president’s... continue reading
Tax Day 2007 provides all Americans a reminder of the horrible burden placed on them by federal, state and local governments. According to the Tax Foundation, Americans will have to work until April 30 this year just to earn the money they’ll need to pay their taxes. But as bad as the tax bite is now, there are a number of threats at the federal level that could make things a whole lot worse for taxpayers. Of most immediate concern is the Alternative Minimum Tax (AMT). When it was created four decades ago, the AMT was aimed at fewer than... continue reading
“Freedom of Choice” was a song by the punk band Devo released in 1980. Today’s use of the term applied to union voting goes back to those same ’80s roots – back to 1984. George Orwell’s “1984.” Just like Orwell, liberal Democrats and the media who love them are using the term to mean its complete opposite. Advocates of America’s fortunately waning union movement have decided unions are so unloved that they need to force people to join. Officially, the bill passed the House as the Employee Free Choice Act of 2007. It mandates something entirely opposite. The bill would... continue reading
Now that Al Gore has won an Oscar for “An Inconvenient Truth,” he headed to Capitol Hill to perform before an even more important crowd: lawmakers who could pass legislation that would make energy unaffordable for many Americans. And the media have already rolled out the red carpet for his activism, taking every opportunity to promote green politics, from personal carbon “offsets” to massive legislation. “An Inconvenient Truth” purports to be a non-partisan, non-ideological exposition of climate science. In reality, it is a Sci-Fi disaster film in the guise of a documentary. Example: Gore bombards us with scene after scene... continue reading
Recent data on the number of people receiving assistance from the federal government has created some stir and discussion as to whether welfare reform in the U.S. has been successful. Federal Reserve Chairman Ben Bernanke has warned that a failure to address exploding entitlement costs will cause economic harm. Rather than look at the technical aspects of welfare and other entitlement programs, including Social Security, Medicare, and Medicaid, it is useful to begin with a discussion of the role of government in creating a social safety net and how attitudes towards receiving government aid affect the system. In 1850 Frederic... continue reading
If the Hoover Dam isn’t one of the wonders of the modern world, it’s not for lack of trying. Tens of thousands of people spent years building this amazing mountain of concrete. But some on the crazy eco-left want to tear it down – along with as many other dams as they can get their hands on. They clearly don’t care that those same dams provide power to a country reliant on it. I got a taste of this attitude several years ago at the conclusion of a Hoover Dam tour. After the guide detailed the dam’s wonders and how... continue reading