Team Romney Rallies Around Carried Interest
March 05, 2012
It has been apparent for a while now that Mitt Romney’s candidacy is less than ideal for the one percent, or the one-tenth or one-hundredth of the one percent. It is one thing to have a candidate who is committed to promoting unjust tax policies that will help you and your fellow millionaires; it is another thing to have a candidate who benefits from those unjust policies, thus making himself a poster child for reform. Romney pays a federal income tax rate of only 14 percent on his income of more than $20 million per year because of two features of the tax code.
With David Frum moving in on my dissecting Wall Street Journal editorial territory, and now Zack Beuachamp cutting in on my patented role of pointing out Pete Wehner's hackery, it becomes all the more vital that I cling to my role of ridiculing Stephen Moore, the Journal's lead economics editorial writer and my most cherished foil. Moore's latest column argues that President Obama's economic program has failed and that President Reagan's succeeded, ergo Keynesian economics is wrong and supply-side economics is correct.
I have a bit of a weakness for insulting people's intelligence. I recognize this and try to restrain myself. When I read Stephen Moore's op-ed in the Wall Street Journal today, I thought that I would give restraint a try. There's simply no way to honestly analyze this piece without commenting on the author's intelligence. I suppose, to be charitable, I should refine that to mean Moore's analytic intelligence; there are many kinds of intelligence, and perhaps Moore is gifted with great social intelligence, or artistic intelligence.
Grover Norquist vs. Tom Coburn
June 16, 2011
Andrew Stiles has some good reporting on the feud: Norquist accuses Coburn of trying to trick colleagues into supporting a tax increase in order to undermine the Republican position in the ongoing debt negotiations. “He’s trying to screw the rest of the Republican party because he is so mad at the world,” Norquist tells NRO. “He didn’t want to get rid of the ethanol tax credit without raising taxes.
Taking Michelle Bachmann Seriously
June 11, 2011
If you want to know why I take Michelle Bachmann seriously as a dark horse candidate, check out her lengthy interview with Stephen Moore of the Wall Street Journal editorial page. Bachmann may be a paranoid loony, but she does seem possessed of a level of political savvy that allows her to understand what challenges she faces and what steps she needs to take to address them. For instance, she understands that she needs to distinguish her image from that of Sarah Palin, which means establishing her intellectual bona fides.
May 31, 2011
-- Jon Cohn exposes the truth about Mitt Romney and the individual mandate. -- Stephen Moore still has problems with the truth. And math. -- After watching the preview for “Tree of Life,” I had no idea what it was about. Then I read this article about it and I still have no idea what it’s about.
WSJ editorialist Stephen Moore, in the course of urging Wisconsin Republicans to hold firm, gently acknowledges that things have not gone exactly as planned, politically speaking: On Wednesday, Republicans held a "unity" press conference that was attended by all but one senator, Dale Schultz.
The GOP Establishment Against Sarah Palin
January 19, 2011
Here's Wall Street Journal editorial page writer and conservative movement apparatchik Stephen Moore writing up the Draft Mike Pence movement: Mr. Pence won the straw poll at a gathering of more than 1,000 social conservatives in Washington, D.C., over the summer—besting Newt Gingrich, Mike Huckabee, and presumptive front-runner Mitt Romney. One concern is what Sarah Palin's intentions are, since she would have a huge funding base if she runs.
The Voodoo That They Do So Well
November 22, 2010
Deficit hawks have a common trope of drawing parallels between right-wing critics who don't want to raise taxes and left-wing critics who don't want to cut entitlement spending. It's not a very good parallel. Liberals have an ideological preference for a larger welfare state, with tax rates closer to the range found in Western Europe. But they do accept the factual premise that reducing spending on entitlement programs would, in fact, decrease the budget deficit.
Ayn Rand And Conservatism
August 02, 2010
Noah Kristula-Green has a piece about the growing influence of Rand on the right: [P]rominent national conservatives have overcome their repugnance for Rand’s militant atheism to endorse her vision – and her politics. The Wall Street Journal declared in an Op-Ed by Stephen Moore—its senior economics writer—in January 2009 that Rand’s work had moved “From Fiction to Fact.” Rush Limbaugh gave monologues that quoted Rand and called her “Brilliant.” Among politicians, Ron Paul has described Atlas Shrugged as “telling the truth.” Amity Shlaes tried to map the characters of Atlas Shrugged onto the