(I first heard a version of this expression a long time ago from another trader. It comes in handy from time to time.)
Kerry vs. Bush: Why does Vietnam matter more than 9/11?
The likely Democratic candidate FOUGHT in a war 35 years ago. He cites his military service to support his claim of fitness to be Commander in Chief. Meanwhile the Republican incumbent and his staff have successfully RUN two wars during his term. In light of these facts, can someone explain to me why Bush’s old National Guard record is a more important credential of military competence than is his record since Sept. 11, 2001?
UPDATE: The question may now be moot. Jim Miller explains why.
Reaganomics
Good article by Larry Kudlow on Reaganomics.
Hard to believe, but taxes were that high just 25 years ago:
“When Reagan moved to implement his tax-cutting policies in 1981, he was severely criticized for favoring the rich and decimating U.S. financial solvency. Democratic candidates on the campaign trail are echoing those very same criticisms today. But Reagan was unmoved by partisan attacks 20 years ago. He first lowered top marginal personal tax rates to 50 percent from 70 percent, making the rate reduction fully effective in 1983. He next lowered corporate tax rates to 34 percent from 48 percent. Then, in 1986, in a second tranche of tax reform, the Gipper reduced the personal rate for individual incomes all the way to 28 percent.”
Wastin’ money
Joe Trippi was Howard Dean’s campaign manager until he got fired. Drudgereport made it a point to say that the Dean campaign blew $7.2 million alone with Trippi’s firm. Most of it ($6.7m) was to buy airtime. Little solace I’m sure to the ultra-leftists who sent in money via the web. In essence, they bought air. It’s nice to see it affect their pocketbooks. Funny how top liberals rail against fat cats, but in fact are fat cats themselves.