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As a matter of policy, increasing taxes on the most economically productive group, which already generates 60 percent of the nation's federal revenues, during a sustained period of economic doldrums is a wretched idea.
John Podhoretz
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John Podhoretz
Age: 63
Born: 1961
Born: April 18
Author
Journalist
Pundit
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New York City
New York
Nations
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Idea
Taxes
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Matter
Nation
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Generates
Economic
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Economically
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When Obama was inaugurated, he and his team had an insight - though whether the insight was conscious or not I don't know. But it was this: The TARP $700 billion price tag was a new kind of model.
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You want a political culture that works to create conditions under which an economy can thrive? Since signing the Oslo Accords with the Palestinians, Israel has spent two decades working to unshackle its economy from its socialist roots, with remarkable results.
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Here's a very good rule of thumb in politics: losing begets losing.
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The problem is that borrowing money to pay back more borrowed money that will oblige you in the future to borrow even more money doesn't sound kosher. Because it isn't.
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What people adore about superhero movies is the signal quality of the Christopher Nolan films - their complete lack of irony when it comes to the portrayal of heroism and the need for heroes to confront evil.
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The United States established itself as a trustworthy new nation in its first two decades after the Revolutionary War by paying its debts, even when many in the country believed it had no obligation to do so. Alexander Hamilton, the founder of this newspaper, insisted on it.
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I was wholeheartedly attracted to the conservative atmosphere that permeated the city of Washington.
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Imagine his delight after it 'leaked' that he will propose raising taxes on the wealthy by $320 billion over the next 10 years, including increases to the capital gains and inheritance taxes.
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Unquestionably, American political rhetoric can be repugnant, and the Right can certainly be as guilty as the Left.
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The classic rule of thumb is that if you are an intellectual ideological magazine, you do better in opposition than you do if your views are reflected by people in power.
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That distinctive presidential conduct is now gone forever, banished to the snows of yesteryear by Barack Obama. From the beginning of his presidency to the present, he has spoken specifically and in unprecedented fashion of Republicans as his rivals, his stumbling blocks, the primary cause of his troubles.
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I look at 'The New York Review of Books.' It's what it has been for 35 or 40 years, which is a highly sophisticated vehicle for anti-American self-hatred.
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