A Few Interesting Headlines

The news was full of interesting news stories today and I wanted to reflect on a couple of them.

Robert Rubin Calls for Tax Increases

It didn't take the Democrats long to announce their intent to pursue a tax increase and one of their more credible spoke persons, former Secretary of Treasury Robert Rubin, is leading the charge. He indicated that he believed a tax increase wouldn't do any harm and would reverse harmful "revenue shortfalls." The problem is there are no shortfalls and revenues are at record highs because of tax cuts. So, the question I ask, is why raise taxes if not to raise money? The Democrats believe in "equality" and they believe that the redistribution of wealth is important for "fairness," no matter how counterproductive. Rubin and the Democrats shouldn't propose a tax increase because they wouldn't hurt, but because they would actually help. But they cannot make such an argument with any intellectual honesty.

al Qaeda Praises Democrat Win and Says they Will Destroy the White House

It also didn't take long for the terrorists to announce what many Republicans were quiet saying all along about the terrorists view of the elections.

• al Qaeda has declared, in recent chatter, that they are pleased that the Democrats have won the election (when Bush alluded to such, it was described as "irresponsible").
• They declared their intentions to destroy the White House -- literally.
• They have said that the US will soon surrender because the Democrats are naive and don't understand al Qaeda objectives.

The good news for us who support a war on terror is that this kind of insult on the Democratic party will likely force them to stay in the game longer and move them to come up with more realistic solutions. To cut and run now could eliminate their chances in '08 if it is interpreted as a Democratic failure.

Interesting news stories indeed.