Politico | Fox News | Washington Post | Washington Examiner | The Hill | Washington Times | CQ Politics | Roll Call | NetRight Daily

Washington Alert (redesign-largerALG)-1

Kudlow: Bernanke and Ethanol Subsidies Sink Egypt

Congress «

Dabul: NPR’s Taxpayer-Funded Intolerance

By EMILIO KARIM DABUL

NPR’s firing of commentator Juan Williams this week is one of the worst examples of rush to judgment since 9/11.

Mr. Williams, whether one tends to agree with him or not, is immensely respected by his fellow journalists and viewers alike for his ability to conduct himself with dignity and respect in a field where extremes of opinion and low-ball tactics have become all too common. He’s mostly a moderate liberal who is able to hear other points of view with respect, and he can be nuanced in his own views.

In these times, Mr. Williams’s instinct for finding both middle and common ground is no small feat.

And for what offense has he been pilloried by the censorship squad of NPR? For saying out loud what many Americans think—that he gets nervous when he’s on a plane and sees people dressed in traditional Muslim garb.

As an Arab-American of Muslim descent, I am not offended by this because in all honesty I have had the same reaction in similar circumstances.

Get full story here.

Hoffmeister: Sen. Kyl Gets Taxes Right, But What About The Dollar?

By Paul Hoffmeister

In the Oct. 13 issue of The Wall Street Journal, Sen. Jon Kyl, R-Ariz., observed that President Barack Obama’s Keynesian economic program had failed, and that pro-growth tax reforms offered the best route to economic recovery. The senator then offered his “Growth Agenda for America,” which amounts to an excellent plan for fixing fiscal and regulatory policy.

Unfortunately the “Growth Agenda” won’t work unless America’s badly broken monetary policy is repaired at the same time. Starting where we are now, implementing the “Growth Agenda” without monetary reforms would cruelly disappoint the American people and discredit supply-side economics.

Sen. Kyl proposes limiting government spending to 18% to 19% of GDP, lowering the corporate tax rate, flattening income tax rates, lowering tax rates across the board and increasing congressional oversight of regulatory overreach. However, Kyl’s plan ignores the elephant in the room: monetary policy. In terms of their power to affect the economy, if regulations have an impact of 1, then taxes have an impact of 10 and money has an impact of 100.

The primary cause of our accumulated economic problems is the deteriorating monetary environment.

Get full story here.

Chambers and Catz: The Overseas Profits Elephant in the Room

By JOHN CHAMBERS AND SAFRA CATZ

During last year’s “Jobs Summit,” President Obama said he was open to any good idea to get the economy moving again. Today he should be especially so, since Washington’s many monetary and fiscal policy decisions have not been able to spur the robust growth or job expansion that we all would like. And yet there is a simple idea—the trillion-dollar elephant in the room—that has apparently been dismissed for no good reason.

One trillion dollars is roughly the amount of earnings that American companies have in their foreign operations—and that they could repatriate to the United States. That money, in turn, could be invested in U.S. jobs, capital assets, research and development, and more.

But for U.S companies such repatriation of earnings carries a significant penalty: a federal tax of up to 35%. This means that U.S. companies can, without significant consequence, use their foreign earnings to invest in any country in the world—except here.

Get full story here.

© 2010 . All Rights Reserved.

This blog is powered by Wordpress.