Investor's Business Daily. IBD prints hard-hitting, yet easy to read editorials that should be required reading. Please pass along...
Mideast: Years of a growing nuclear threat plus recent developments are converging to signify that the time for waiting is over. Either the United States, or the Israelis backed by the U.S., must act against Iran.
Real Joblessness Grimmer Than Gov't Stats: Writing in the New York Times in November 2003, Austan Goolsbee, then a professor at the University of Chicago, flamboyantly accused the government of "cooking" the books regarding unemployment. "The situation has grown so dire," he said, "that we can't even tell whether the job market is recovering. The time has come to correct the official unemployment statistics to account for those left out." Professor Goolsbee is now a top economic advisor to President Obama. Would he admit that the official jobless of 9.5% grossly underestimates the pain of job losses in America and do something to correct the situation?
Fouling Up Spill Just to Exploit Another Crisis: As the BP oil spill grew and spread and sullied beaches and habitats, the Obama administration dithered for weeks, then rejected Louisiana Gov. Bobby Jindal's request to build sand and rock berms to keep the goo out. Dredge-and-fill might damage the environment, it imperiously ruled — as though massive oil intrusions into marshlands have no effect.
Labor Unions: One of the interesting things about the Obama administration is the strange dominance of labor unions. Yes, Barack Obama and other Democratic leaders do owe the unions something: They gave $400 million to Democrats in the 2008 campaign cycle, and they expect to get something in return.
Racial Politics: The NAACP, in crafting a resolution condemning racism in the Tea Party movement, seems to have forgotten those Black Panthers with clubs intimidating voters and wanting to kill white people.
Stimulus: The White House now claims that its various stimulus and bailout efforts have "saved or created" 2.5 million to 3.6 million jobs. If so, they must have been created not in the United States, but in Fantasyland.
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