Archive for 2014

KEVIN WILLIAMSON ON BILL, HILLARY, CHELSEA AND THE NEW OLIGARCHY: “No society can long thrive by making its innovators subservient to its bureaucrats.” But in the short-run, the opportunities for graft are amazing.

TAXPROF ROUNDUP: The IRS Scandal, Day 417. For a while, these were getting shorter. Now, they’re getting longer.

IN THE SUPREME COURT TODAY, a loss for public-sector unions, and a win for Hobby Lobby. Hasn’t been a very good year for Obama in the Supreme Court.

UPDATE: Party of Hate. ‘Fu*k you:’ Left-wingers want to ‘burn down’ Hobby Lobby after SCOTUS win.

ANOTHER UPDATE: Eugene Volokh and Jonathan Adler on the Hobby Lobby case.

Plus: The vote on whether “for-profit corporations or their owners may bring claims under [RFRA]” is 5 to 2, not 5 to 4. “Justices Breyer and Kagan express no opinion on the issue.”

MORE: Noah Rothman: The left loses their minds over Hobby Lobby decision. “It seems that liberal commentators have convinced themselves that, just as was the case in 1911, the courts and the country have deemed women to be of lesser value than their male counterparts. The distinction between these two eras, of course, is that while that argument could be supported in 1911, it exists only in the heads of progressives in 2014.”

They must always have a Great Evil to crusade against, because only crusading against a Great Evil can excuse their own actions. Meanwhile, here’s a debunking of the Hobby Lobby talking points, from Ann Althouse.

J.D. TUCCILLE: At the Core of the IRS Saga: Tax Collectors as Political Hitmen. “It’s all good fun to mock the Internal Revenue Service’s plausibility-challenged explanations for just how potentially embarrassing (to the IRS) emails were lost and why they can’t be recovered, but let’s not forget what’s at the core of the story: the tax collection agency’s long and storied history as a political hitman. IRS audits have been targeted at political opponents of incumbent presidents, tax information has been leaked about enemies of powerful members of Congress, and the agency’s own employees have abused their power for personal reasons.”

HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): Where Have All The Jobs Gone?

On the jobs front, it feels to many Americans that the recession never ended. One of the misleading headlines from last month’s employment report was that all the jobs lost during the recession have finally been won back.

Well, not really.

According to the Bureau of Labor Statistics (BLS), in 2007 on the eve of the recession, there were 146.6 million Americans working. Today, there are 145.8 million Americans in jobs. So nearly 7 years later, we are still 800,000 jobs below the previous peak. That’s some jobs recovery.

But the missing jobs in this economic recovery are much higher than that. A new analysis of the labor force numbers by Heritage Foundation economists places the real jobs deficit in America closer to 5.5 million, even after accounting for changes in population and demographics.

Shockingly, when you jack up taxes and flood the economy with new regulations, employment and growth suffer. Bad luck, I guess.

KYLE SMITH: Why Democrats insist on lying about how ‘poor’ they are.

Hillary Clinton claimed that, at the moment she and her husband were signing up for $18 million in book deals, that they were “dead broke.”

Harry Reid (who lives in the Ritz-Carlton Hotel) said liberals are getting bullied by Republican billionaires but the Democratic Party “doesn’t have many billionaires” behind it.

Joe Biden (family earnings: $407,000 last year plus a free house, driver, meals, etc.) claims he “I don’t own a single stock or bond. . . . I have no savings accounts . . . I’m the poorest man in Congress.” (Triple fail: Joe isn’t poor, isn’t in Congress and wouldn’t be the poorest member of it if he were.)

Right here in New York, we’ve learned that City Council Speaker Melissa Mark-Viverito, the daughter of a wealthy doctor who left a $6.7 million inheritance, took advantage of a no-interest loan intended for underprivileged New Yorkers to buy a Harlem townhouse. Then she forgot to declare the rental income on required city disclosure forms. The townhouse you and I helped buy her for $240,000 is today worth $1.2 million.

The more Democrats insist on their proletarian cred, the more absurd it gets. They’re no longer just holier than thou: Now they’re prolier than thou.

Heh.

SO THIS ARTICLE BY OLGA KHAZAN IN THE ATLANTIC makes a big deal about women doing more household chores than men — “by 51 minutes per day, according to the 2013 Time Use Survey numbers. That’s almost an entire Game of Thrones episode” — but if you actually go to the American Time Survey and move on to the second page — the one that includes “work and work-related activities” — you find that men spend a lot more time, you know, working than women do. But that’s not the the point. The point is to spread #waronwomen resentment as battlespace prep for Hillary. A woman President will show those stupid, lazy men!

I think we should get 50% of federal tax revenues from each sex, and adjust the rates until that happens. Because fairness.

HIGHER EDUCATION BUBBLE UPDATE: Introducing The College-Cost Denial Industry. “There’s an agenda here, it’s well funded and knows just how to attract the right kind of attention. Brookings, New America and other think tanks provide perfect fodder for explainer sites such as The Upshot and Vox, where single-source reporting seems to be in vogue. Still, these reports are right about one thing: The student debt bubble isn’t going to explode like the housing bubble. Instead, it’s going to fill slowly as it grows over decades, burdening borrowers further and further into the future. As Roosevelt Institute fellow Mike Konczal points out, though the Brookings paper celebrates stability in the size of month-to-month payments over time, the average repayment period has nearly doubled. A recent analysis by Leonhardt’s colleague Anna Bahr shows how a new Obama administration repayment plan costs the average debtor more in the long run than the standard models. Instead of buying homes and cars, borrowers are paying down debt so colleges can buy more dorms and student centers. Though they only get to enjoy them for only a handful of years as students, they pay on a long installment plan.”

Couldn’t have said it better myself.