On the Dole, Corporate Style – Imagine that Congress or your state legislature passed a law tomorrow saying everybody except you got a tax break because the politicians in both parties disliked your business. Even if the loser were Julian Assange’s WikiLeaks, that law would be struck down by the courts on any number of grounds, including violating the Constitution’s equal protection clause and perhaps the third clause under Article I, section 9, which prohibits bills of attainder. But what about the opposite case? What if the government passed a law requiring every business to pay a tax except your competitor’s business? That kind of government meddling in the market goes on every day in America
Washington Post Somehow Doesn’t Realize People Care About The Economy – The Washington Post asks readers to rank eight issues they want the new Congress to address: Notice anything missing? Like, say "jobs" or "the economy"? Four of the eight options are geared towards deficit reduction — and there’s nothing about jobs, at a time of historic levels of sustained unemployment. Amazing. Unsurprisingly, real polls, conducted by people who aren’t as spectacularly out of touch as the Washington Post, find that far more people identify unemployment as the most important issue facing the nation than deficits. In a Bloomberg poll conducted last month, for example, 50 percent of respondents said "unemployment and jobs" is the most important issue — twice as many as those who said "federal deficit and spending." So, to the American people, unemployment is the top priority, by a huge margin. To the Washington Post, it doesn’t crack the top eight.
Repealing health-care reform would cost hundreds of billions of dollars — and Eric Cantor knows it – House Republicans are in a pickle: One of their new rules says that new legislation must be paid for. But the health-care bill reduces the federal deficit by more than $100 billion over the next 10 years. Luckily, they’ve figured out an answer to their problem: They’ve decided to simply exempt the repeal bill from the rules. That means they’re beginning the 112th Congress by lifting their own rules in order to take a vote that will increase the deficit. Change we can believe in, and all that. Republicans are aware that this looks, well, horrible. So they’re trying to explain why their decision to lift the rule requiring fiscal responsibility is actually fiscally responsible. Majority Leader Eric Cantor got asked about this, and he returned the reporter’s serve with a volley of nonsense. "About the budget implications, I think most people understand that the CBO did the job it was asked to do by the then-Democrat majority, and it was really comparing apples to oranges,” Cantor said. “It talked about 10 years’ worth of tax hikes and six years’ worth of benefits. Everyone knows beyond the 10-year window, this bill has the potential to bankrupt this federal government as well as the states."