Ken's Comments

Giving credit where credit is due, Frank Rich, a columnist with the NY Times, had an outstanding suggestion: "In his Cairo speech last June, President Obama effectively built a connection with the Muslim mainstream. Maybe he could spark the debate by asking that same audience this question: 'Whenever something like Fort Hood happens you say, ‘This is not Islam.’ I believe that. But you keep telling us what Islam isn’t. You need to tell us what it is and show us how its positive interpretations are being promoted in your schools and mosques. If this is not Islam, then why is it that a million Muslims will pour into the streets to protest Danish cartoons of the Prophet Muhammad, but not one will take to the streets to protest Muslim suicide bombers who blow up other Muslims, real people, created in the image of God? You need to explain that to us — and to yourselves." Mr. Rich is right on with his suggestion - President Obama is the perfect person to call out the Muslim com...

When health care reform started, a key goal was to lower the cost of coverage. Here is the Democrats idea of how to lower health care coverage costs. First the "facts" (the text below is taken from the NY Times): "Before taking account of federal subsidies to help people buy insurance on their own, the [Congressional Budget Office or C.B.O.] said the [Senate health care reform] bill would tend to drive up premiums. But as a result of the subsidies, it said, most people in the individual insurance market would see their costs decline, compared with the costs expected under current law. The subsidies, a main feature of the bill, would cost the government nearly $450 billion in the next 10 years and would cover nearly two-thirds of premiums for people who receive them. "For most people who get health insurance through employers — five-sixths of the total market — the budget office concluded that there would be little change in their premiums relative to the amounts pr...

A very interesting story from the NY Times about the crisis looming ahead thanks to the Bush / Obama economic recovery plan. http://www.nytimes.com/2009/11/23/business/23rates.html?th&emc=th Essentially, the Bush / Obama economic recovery plan is a lot like taking out an adjustable rate mortgage with really low teaser interest rates. When interest rates go up, the Federal government is going to be slammed. The NY Times - not what I'd call a conservative news outlet - article has a quote estimating that interest payments on the money we've borrowed will be as much as $700 billion per year in the future. That is as much as we spent this year on the economic stimulus bill and we will be paying that each year. Now, just to review, what is Bush / Obama economic recovery plan? It involves spending lots and lots of money that the Government does not have including: Economic stimulus - $400 billion under President Bush if I recall correctly, repeated by President Obama at a higher ...

Denials by President Obama to the contrary, I have some real questions about this Administration's micromanagement of the businesses to whom they are lending taxpayer dollars. Some things they are doing make sense and are consistent with the way business normally operates. But there are a number of things this Administration is doing which exceed the boundaries of normal operations and some are both scary and can create further economic calamity. Unfortunately, no one in the "main stream media" (e.g. not labeled conservatives) are challenging the President on this. Let's start by giving credit, where credit is due - President Bush started us down this path with the bailout of AIG, the $700 million for banks under TARP, and the decision to lend money to the auto makers. President Obama is carrying on programs that President Bush started. Second, if the government is going to provide money to companies then the Government, like any lender, has the right to try to p...