Mar 14, 2012, 2:55 pm EDT
I’ve begun giving radio and TV interviews across the country this week about my new book, “RED AND BLUE AND BROKE ALL OVER: Restoring America’s Free Economy.” Often, the conversation begins with a question like “What made you want to write this book?” or “What inspired you to write your book?” It’s a logical place to start. And the answer is:
The American Dream is fading.
My book is really about how freedom creates prosperity. It’s something so axiomatic that it should be among the Truths that Americans hold to be Self-Evident: Freedom creates prosperity. Read
Mar 14, 2012, 8:35 am EDT
Delivering major psychological blows to Mitt Romney’s campaign and Newt Gingrich’s ego, Rick Santorum won the GOP primaries in Alabama and Mississippi yesterday. Although Santorum’s victory in the Bible Belt has been foreshadowed for months (he has enjoyed strong support from white evangelicals and working-class voters, both of whom constitute a large part of the electorate in those states), Georgian Newt Gingrich had expected to win handily in his own backyard.
Santorum (35%), Gingrich (29%), Romney (29%), Paul (4%) Read
Mar 13, 2012, 6:22 pm EDT
With the future financial viability of the Occupy Wall Street movement in question, it’s worth taking a look at the money they raised and, more importantly, what they spent it on.
Fortunately for us, The Atlantic has taken a look at the most recent Occupy Wall Street financial records and noted some of the more interesting expenditures. Overall, Occupy Wall Street raised $737,000 since it began six months ago, and has spent or earmarked more than $700,000 of that. What has it been buying? Among other things:
Metrocards — $45,000
Shuttling protestors from protest site to protest site in a city this heavily dependent on mass transit and the subway clearly adds up over time. Read
Mar 13, 2012, 5:36 pm EDT
Having faced police crackdowns, forced evictions of movement-occupied spaces, and attempts by politicians and organizations both sympathetic and antagonistic to co-opt its name and message, the Occupy movement faces a new challenge.
It may be running out of money.
Even a movement as staunchly anti-capitalist as Occupy has to pay the bills — or bail money, as it sometimes turns out. Reports indicate that, save for a $90,000 fund set aside for bail, the closest thing to a organizing arm for the New York City Occupy movement has under $45,000 left. At their current spending rate, that money will be gone in three weeks. Read
Mar 12, 2012, 5:49 pm EDT
Today, former Massachusetts governor and Republican presidential candidate Mitt Romney turns 65. Unlike many American citizens who hit that milestone birthday, though, Romney will not be joining the Medicare program.
A source within Romney’s campaign told CNN that Romney would be forgoing Medicare in favor of continuing his private health insurance coverage.
What makes Romney’s decision interesting is his own plans for Medicare, should he be elected president. He has proposed that the eligibility age for Medicare be raised and that seniors be given the option to enroll in a private alternative to Medicare. These changes would take effect for retirees in 2022. Read
Mar 12, 2012, 5:32 pm EDT
Even as the U.S. economy continues to add jobs at a healthy clip — 227,000 in February — Americans still have a dim view of Obama when it comes to the economy. Why? Two words: gas prices.
A Washington Post-ABC News survey released today found that a majority of Americans — 59% — disapproved of the president’s handling of the economy. Fifty percent of Americans strongly disapproved.
Sixty-five percent of poll respondents found Obama’s handling of gas prices to be unsatisfactory. This included 52% who disapproved strongly, with only 14% strongly approving of his handling of gas prices. Read