But the story lives, and looks crazier by the minute.
Maybe we have on our hands the start of a ghost story?
Good econ news has White House happy, says Larry Kudlow. But “sublime irony” in that:
The wake-up in job creation is a function of Republican policy. After all, for two years the Obama Democrats spent themselves into oblivion, with over $1 trillion of so-called big-government stimulus. Didn’t work. By the end of last year, that failed stimulus wore off, and it was replaced by Republican tax cuts.
Remember that in mid-December, after his election shellacking, President Obama signed a deal that extended the Bush tax rates across the board. The top marginal rate stayed at 35 percent. Investment tax rates for cap-gains and dividends held at 15 percent.
Most business people I know — folks who work in both large and small companies — welcomed the tax-rate freeze as a sign that maybe the war against growth, capital formation, and small business was either coming to an end or at least a two-year truce.
So, presto, the jobs numbers start jumping in the new low-tax year.
War against growth, yes.
Mike Fahy: Interesting article in The UK Telegraph (London) noting that the Tea Party of December 1773 sparked the American Revolution against George III. But the modern-day grassroots Tea Party may play a key role in ejecting Barack Obama from the White House in 2012, thus restoring Anglo-American relations.
Unlike the Obama administration, the new wave of conservative leaders in the United States recognise Britain as America’s most important ally, are suspicious of EU-style supranationalism, and understand the great sacrifices that the US and UK have made in the defence of liberty and freedom across the world. One thing is certain if President Obama loses the White House in 2012. His successor definitely won’t be throwing a bust of Sir Winston Churchill out of the Oval Office.
Editor: Those 1773 tea partiers got a lot of their ideas from the once mother country, now didn’t they?