by Dick Morris
26 A 10% cut would: Ibid.
27 Special Aid to District: Ibid.
28 A Clinton-era: Ibid.
29 Obama plans to spend: Ibid.
30 “according to the Bureau”: E-mail from Ryan Ellis, October 2010.
31 Repeal the Davis-Bacon Act: Weltmer, “Grover Norquist Outlines Recommendations to the Obama Debt Commission.”
32 Sell off government assets: Ibid.
33 “President Bush, who”: Mattie Corrao, “Conservatives Should Support Defense Spending Cuts,” DailyCaller.com, October 8, 2010, http://dailycaller.com/2010/10/07/conservatives-should-support-defense-spending-cuts/.
34 “redirecting those [savings]”: Ibid.
35 Weapon’s We Don’t Need: Ibid.
36 Defense Department Civilian: Ibid.
37 As noted, during Obama’s: “US Welfare Spending,” USGovernmentSpending.com, http://www.usgovernmentspending.com/.
38 Indiana governor—and possible: Mitch Daniels, “Hoosiers and Health Savings Accounts,” Wall Street Journal, March 1, 2010, http://online.wsj.com/article/SB10001424052748704231304575091600470293066.html.
39 “In 2009…state”: Ibid.
40 New York, for example: “Medicaid and State Funded Coverage Income Eligibility Limits for Low-Income Adults, 2009,” StateHealthFacts.org, http://www.statehealthfacts.org/comparereport.jsp?rep=54&cat=4.
41 A Rasmussen Reports poll: “Most Voters Continue to Say No to Higher Taxes, More Government Spending,” RasmussenReports.com, November 7, 2010, http://www.rasmussenreports.com/public_content/business/taxes/november_2010/most_voters_continue_to_say_no_to_higher_taxes_more_government_spending.
42 “Democrats who supported”: Michael D. Tanner, “What Republicans Can—And Can’t—Do about ObamaCare” New York Post, November 7, 2010.
43 ObamaCare would bring huge: Henry J. Aaron, Ph.D., “The Midterm Elections—High Stakes for Health Policy,” New England Journal of Medicine, October 28, 2010, http://www.nejm.org/doi/pdf/10.1056/NEJMp1011213.
44 “contains 64 specific”: Ibid.
45 “at least $50 billion”: “DeMint Predicts ‘A Very Intense Showdown’ If Obama Opposes GOP Efforts to Defund Health Reform,” ThinkProgress.org, November 3, 2010, http://wonkroom.thinkprogress.org/2010/11/03/demint-defund-showdown/.
46 The only actual: Aaron, “The Midterm Elections—High Stakes for Health Policy.”
47 “without large additional”: Ibid.
48 “If [ObamaCare] opponents: Ibid.
49 “the number…any school”: Robert Pear, “G.O.P. to Fight Health Law with Purse Strings,” New York Times, November 6, 2010, http://www.nytimes.com/2010/11/07/health/policy/07health.html?_r=1&scp=1&sq=ObamaCare%20new%20york%20times%20robert%20pear&st=cse.
50 “House Republicans could”: Ibid.
51 “They’ll get not one”: Daniel Foster, “GOP Majority Will ‘Chip Away,’ Defund ObamaCare,” NationalReview.com, September 21, 2010, http://www.nationalreview.com/corner/247192/gop-majority-will-chip-away-defund-ObamaCare-daniel-foster.
52 “If all of ObamaCare”: Robert Pear, “G.O.P. to Fight Health Law with Purse Strings.”
53 The IRS says: Michael D. Tanner, “What Republicans Can—And Can’t—Do about ObamaCare.”
54 “IRS could have to hire”: “Ways and Means Republicans’ Report: Democrats’ Health Care Bill Contains Massive Expansion of IRS’s Power,” House.gov, March 18, 2010, http://republicans.waysandmeans.house.gov/News/DocumentSingle.aspx?DocumentID=176997.
55 This expansion would add: “Internal Revenue Service,” Wikipedia.org, http://en.wikipedia.org/wiki/Internal_Revenue_Service.
56 The Ways and Means: “Ways and Means Republicans’ Report: Democrats’ Health Care Bill Contains Massive Expansion of IRS’s Power.”
57 “minimum essential coverage”: “Summary of New Health Reform Law,” KFF.org, http://www.kff.org/healthreform/upload/8061.pdf.
58 After all, an American: “Taxation in the United States,” Wikipedia.org, http://en.wikipedia.org/wiki/Taxation_in_the_United_States.
59 Required Premium Payments Under Obamacare: “Summary of New Health Reform Law.”
60 According to pollster: John Zogby, postelection survey, November 4, 2010.
61 The ObamaCare legislation: Merrill Goozner, “Republicans Throw the Gauntlet on Health Care Reform,” TheFiscalTimes.com, November 8, 2010, http://www.thefiscaltimes.com/Issues/Health-Care/2010/11/08/Republicans-Set-on-Defunding-Health-Bill.aspx.
62 “Medicare will cover”: Robert Pear, “Obama Returns to End-of-Life Plan that Caused Stir,” New York Times, December 25, 2010, http://www.nytimes.com/2010/12/26/us/politics/26death.html?_r=1&emc=eta1.
63 “Under the rule”: Ibid.
64 “Democratic Senator Ron Wyden”: Tanner, “What Republicans Can—And Can’t—Do about ObamaCare.”
65 “Should Congress block”: Ken Terry, “Republicans Could Cripple Healthcare Reform by ‘Defunding’ It,” bnet.com, October 29, 2010, http://www.bnet.com/blog/healthcare-business/how-republicans-could-cripple-healthcare-reform-by-8220defunding-8221-it/2007.
66 “if a large number”: Ibid.
67 A study by no less: “Night of the Living Death Tax,” Wall Street Journal, March 31, 2009, http://online.wsj.com/article/SB123846422014872229.html.
68 A 2009 study by: Curtis Dubay, “Economic Case Against the Death Tax,” Heritage.org, July 20, 2010, http://www.heritage.org/research/reports/2010/07/the-economic-case-against-the-death-tax.
69 The report said: Ibid.
70 “families often must sell”: Ibid.
71 “currently, the heirs”: Ibid.
72 In 2008, it yielded: Ibid.
73 Bryan Real, president: Kevin McKeough, “Small-Biz Owners Say They Can’t Get Loans; Banks Say Few are Borrowing; They’re Both Right,” ChicagoBusiness.com, Octber 11, 2010, http://www.chicagobusiness.com/article/20101009/ISSUE02/310099997/small-biz-owners-say-they-can-8217-t-get-loans-banks-say-few-are-borrowing-they-8217-re-both-right.
74 The National Small: Ibid.
75 The Federal Deposit: Ibid.
76 According to the Federal: Ibid.
77 “it seems clear”: Ibid.
78 The National Federation: Ibid.
79 Barlow Research Associates: Ibid.
80 Chase made $2.1: Ibid.
81 The Census Bureau: Scott Shane, “Small Business Job Creation Numbers for Politicians,” SmallBizTrends.com, July 26, 2010, http://smallbiztrends.com/2010/07/the-ideal-small-business-job-creation-numbers-for-politicians.html.
82 two-thirds of all loans: Massimo Calabresi, “Collateral Damage: The Death of a Small Town Bank,” Time, November 7, 2010, http://www.time.com/time/magazine/article/0,9171,2026914,00.html.
83 Big banks: Rob Cox and Rolfe Winkler, “Community Banks Don’t Need Another Obama Sop,” Reuters.com, February 1, 2010, http://blogs.reuters.com/columns/2010/02/01/community-banks-dont-need-another-obama-sop/.
84 In the third quarter: Ibid.
85 “seize…these companies”: David S. Huntington, “Summary of Dodd-Frank Financial Regulation Legislation,” Harvard.edu, July 7, 2010, http://blogs.law.harvard.edu/corpgov/2010/07/07/summary-of-dodd-frank-financial-regulation-legislation/.
86 The FDIC can move: Ibid.
87 “responsible for the failed”: Ibid.
88 “shareholders…do not”: Ibid.
89 In 2010, 143: Elizabeth Warren, “When Bankers Make Windfall Profits from the FDIC,” Reuters.com, November 11, 2010, http://blogs.reuters.com/felix-salmon/2010/11/11/when-bankers-make-windfall-profits-from-the-fdic/.
90 But the FDIC’s: Calabresi, “Collateral Damage: The Death of a Small Town Bank.”
91 “we see federal”: Interview with West Virginia bank officer, September 1, 2010, in Charleston, WV.
92 Time magazine tells the: Calabresi, “Collateral Damage: The Death of a Small Town Bank.”
93 Time notes that: Ibid.
94 “A lot of people”: Ibid.
95 The FDIC deci
mated: Ibid.
96 “got a sewer”: Ibid.
97 By 2005, it held: Ibid.
98 “not and work”: Ibid.
99 Now, under the new: Ibid.
100 The banks had: David Moberg, “Too Important to Fail,” InTheseTimes.com, February 24, 2010, http://www.inthesetimes.com/article/5581/too_important_to_fail/.
101 A philanthropist, Kelly: Ibid.
102 FBOP got into trouble: Ibid.
103 But then TARP: Ibid.
104 “FDIC invoked”: Ibid.
105 “As the…deadline”: Ibid.
106 “the FDIC lost”: Warren, “When Bankers Make Windfall Profits from the FDIC.”
107 “It certainly looks as”: Ibid.
108 “community banks don’t need”: Cox and Winkler, “Community Banks Don’t Need Another Obama Sop.”
109 Most of the subprime: Associated Press, “Will Subprime Mess Ripple Through Economy?” MSNBC.com, March 13, 2007, http://www.msnbc.msn.com/id/17584725.
110 “one reason community”: T.A. Frank and Phillip Longman, “Too Small to Fail,” WashingtonMonthly.com, http://www.washingtonmonthly.com/features/2008/0811.longman.html.
111 the EPA announced on Christmas: Associated Press, “EPA Moving Unilaterally to Limit Greenhouse Gases,” Businessweek.com, December 24, 2010, http://www.businessweek.com/ap/financialnews/D9KA9NN80.htm.
112 “to regulate greenhouse”: “Sensenbrenner Plans to Keep Pelosi-Devised Global Warming Panel,” FoxNews.com, November 8, 2010, http://www.foxnews.com/search-results/search?q=EPA+regulations&submit=Search.
113 “The tactic…the issue”: Phil Kerpen, “Standing Up to the EPA’s Power Grab,” FoxNews.com, September 14, 2010, http://www.foxnews.com/opinion/2010/09/14/phil-kerpen-senate-epa-carol-browner-harry-reid-jay-rockefeller-global-warming/.
114 “I would…rule changes”: Ibid.
115 “Obama will try”: “Chicago Climate Exchange to Shut Down Emissions Trading,” Forbes.com, November 17, 2010, http://billionaires.forbes.com/article/0fddcdD8rMbxh?q=Aaron+Smith.
116 “best available technology”: “Examiner Editorial: New EPA Regs Would Kill Jobs, Stall Economy,” WasthingtonExaminer.com, November 11, 2010, http://www.washingtonexaminer.com/opinion/New-EPA-regs-would-kill-jobs_-stall-economy-1531812-107341498.html.
117 “University of…get started”: Ibid.
118 The EPA regulation: Ibid.
119 Change in American Energy Sources: “Net Generation by Energy Source: Total (All Sectors),” eia.doe.gov, November 15, 2010, http://www.eia.doe.gov/cneaf/electricity/epm/table1_1.html.
120 EPA also wants to: Brian M. Johnson, “EPA Regulation of Carbon Will Harm US Economy,” ATR.org, January 25, 2010, http://www.atr.org/epa-regulation-carbon-harm-economy-a4438#.
121 The Heritage Foundation: “Waxman’s Global Warming Plan that will Save our Economy,” Heritage.org, January 15, 2010, http://blog.heritage.org/2009/01/15/waxmans-global-warming-plan-that-will-save-our-economy/.
122 Gasoline prices will rise: Brett Vassey, “’Cap’ Industrial Competitiveness and ‘Trade’ Domestic Manufacturing Jobs Abroad,” Townhall.com, http://townhall.com/columnists/BrettVassey/2009/10/05/“cap”_industrial_competitiveness_and_“trade”_domestic_manufacturing_jobs_abroad/page/full/.
123 Manufacturing by Country: “What are the Top Manufacturing Countries?” wise GEEK.com, http://www.wisegeek.com/what-are-the-top-manufacturing-countries.htm.
124 The U.S. has lost: Richard Deitz and James Orr, “A Leaner, More Skilled U.S. Manufacturing Workforce,” NY.FBR.org, February 2006, http://www.ny.frb.org/research/current_issues/ci12-2.pdf.
125 “inflation averaged 3.7%”: http://www.cato-at-liberty.org/a-wall-street-journal-column-understates-the-size-of-u-s-manufacturing/
126 “automation in my”: Author interview with Dr. Tim Nerenz on September 25, 2010.
127 Dr. Nerenz points: Ibid.
128 “manufacturers are making”: Vassey, “‘Cap’ Industrial Competitiveness and ‘Trade’ Domestic Manufacturing Jobs Abroad.”
129 U.S. Coal Exports to China: Elizabeth Rosenthal, “The West’s Love-Hate Relationship with Coal,” International Herald Tribune, November 23, 2010, p. A-1.
130 “rejected claims that”: Kim Chipman and Simon Lomax, “EPA Issues Carbon Guidance to Help States Enforce Rules,” Bloomberg.com, November 10, 2010, http://www.bloomberg.com/news/2010-11-10/epa-set-to-release-guidance-on-new-u-s-carbon-rules-advocacy-group-says.html.
131 “Such an unstable”: Ibid.
132 “card check was”: “Back Door Card Check,” Wall Street Journal, September 14, 2010, http://online.wsj.com/article/SB10001424052748703597204575483882585485368.html.
133 “the labor…secret ballots”: Ibid.
134 In Arizona and Utah: “Union Card Checkmate,” Wall Street Journal, November 9, 2010, http://online.wsj.com/article/SB10001424052748704353504575596790376536822.html?mod=googlenews_wsj.
135 After peaking in 1979: Jerry White, “UAW Membership Continues to Plummet,” WSWS.org, April 2010, http://www.wsws.org/articles/2010/apr2010/uawm-a01.shtml.
136 The impact of unionization: James Sherk, “What Unions Do: How Labor Unions Affect Jobs and the Economy,” Heritage.org, May 21, 2009, http://www.heritage.org/Research/Reports/2009/05/What-Unions-Do-How-Labor-Unions-Affect-Jobs-and-the-Economy #_ftn20.
137 “one study found”: Ibid.
138 Since the late: Ibid.
139 A consulting firm: Anne Layne-Farrar, “An Empirical Assessment of the Employee Free Choice Act: The Economic Implications,” March 3, 2009, http://thetruthaboutefca.com/media/docs/efcaStudy_layneFarrar.pdf.
140 Earmarks cost us: “TCS FY2010 Earmark Analysis: Apples-to-Apples Increase in Earmark Totals,” GovExec.com, http://www.govexec.com/pdfs/041210rb1.pdf.
141 As soon as the: Brian Stelter, “A New Test is Proposed in Licensing Radio and TV,” New York Times, December 2, 2010, http://www.nytimes.com/2010/12/03/business/media/03fcc.html?src=busln.
142 “a renewed commitment”: Ibid.
143 “is more localism”: Ibid.
144 “Mr. Copps said”: Ibid.
145 “determine the extent”: Ibid.
146 “It’s a pretty”: “Congressman Blasts FCC Over Proposed Media Regulations,” FoxNews.com, December 7, 2010, http://www.foxnews.com/politics/2010/12/07/congressman-blasts-fcc-commissioner-proposed-media-regulations/.
147 “I hope”: Ibid.
148 “Although your concern”: Ibid.
149 “liberals are planning”: Dick Morris and Eileen McGann, Fleeced (New York: HarperCollins, 2008), p. 77.
150 “big telecommunications firms have slowed”: David Eldridge, “New FCC Plan to Oversee Internet Draws GOP Fire,” Washington Times, December 1, 2010, “http://www.washingtontimes.com/news/2010/dec/1/new-fcc-plan-to-oversee-internet-draws-gop-fire/.
151 “big telecommunications firms counter”: Ibid.
152 “critics see the net”: Ibid.
153 “imposing net neutrality”: Ibid.
154 “We stand at”: Theodore Roosevelt, “We Stand at Armageddon, and We Battle for the Lord,” http://www.cooperativeindividualism.org/roosevelt-theodore_on-the-land-question.html.
155 In 2010, states: Adam B. Schaeffer, “They Spent WHAT? The Real Cost of Public Schools,” CATO.org, March 10, 2010, http://www.cato.org/pub_display.php?pub_id=11432.
156 State and Local Government Deficit: “Total Budgeted Government Revenue,” http://www.usgovernmentrevenue.com.
157 Incoming Speaker John: “August 10, 2010 Republican Leadership Press Conference,” GOP.gov, August 10, 2010, http://www.gop.gov/media-events/10/08/10/august-10-2010-republican.
158 There are $2.8 trillion: Elisse B. Walter, “Securities and Exchange Commission Field Hearing on the State of the Municipal Securities Market,” SEC.gov, September 21, 2010, http://www.sec.gov/spotlight/municipalsecurities/092110transcript.txt.
159 In 2009, there were: Ibid.
160 Increase in the Cost of Insuring Agains
t State Default: “State Default Risk and a Comparison to Sovereign Debt,” SeekingAlpha.com, July 1, 2010, http://seekingalpha.com/article/212825-state-default-risk-and-a-comparison-to-sovereign-debt?source=feed.
161 On November 18: Michael Anerio and Stu Woo, “California Bond Woe Bodes Ill For States,” Wall Street Journal, November 18, 2010, p. A-1.
162 “The tax-exempt”: Ibid.
163 After seven months: Ibid.
164 On average, these: “Total Budgeted Government Spending,” USGovernmentSpending.com, http://www.usgovernmentspending.com/#usgs30.2a.
165 “In my 49 years”: Bob Lewis and Dena Porter, Bloomberg.com, March 15, 2010, http://www.businessweek.com/ap/financialnews/D9EF4LH00.htm.
166 But McDonnell managed: Ibid.
167 In New Jersey: Associated Press, “New Jersey Legislature Passes Christie’s Budget,” FoxNews.com, June 29, 2010, http://www.foxnews.com/politics/2010/06/29/new-jersey-legislature-passes-christies-budget/.
168 While only 7%: “Union Members Summary,” BLS.gov, January 22, 2010, http://www.bls.gov/news.release/union2.nr0.htm.
169 The unions are about: “Margaret Thatcher on Socialism,” Snopes.com, http://www.snopes.com/politics/quotes/thatcher.asp.
170 In California, for example: “52% in California Say Public Employee Unions Significantly Strain Budget,” RasmussenReports.com, March 21, 2010, http://www.rasmussenreports.com/public_content/politics/general_state_surveys/california/52_in_california_say_public_employee_unions_significantly_strain_budget.
171 In 1975, President: Frank Van Riper, “Ford to New York: Drop Dead,” NYDailyNews.com, October 30, 1975, http://www.nydailynews.com/features/bronxisburning/battle-for-the-city/Ford-to-New-York-Drop-Dead.html.
172 Education (35%): Schaeffer, “They Spend WHAT? The Real Cost of Public Schools.”
173 One-third of all: Sam Dillon, “With Turnover High, Schools Fight for Teachers,” New York Times, August 27, 2007.
174 In the past: John Stossel, “Stupid in America: How Lack of Choice Cheats Our Kids Out of a Good Education,” ABC News, January 13, 2006.
175 “it took years to fire”: Ibid.
176 After six years: Ibid.
177 Every day, Klein: Ibid.
178 The New York Post: Yoav Gonen, Kelly Magee, and Kevin Sheehan, “Custodian Probed for Using School Funds to Renovate 10 Houses,” New York Post, November 6, 2010, http://www.nypost.com/p/news/local/queens/custodian_mopping_up_PSlJB5h2UN2jB8ob0sJ77K#ixzz14onIdk7s.