Monthly Archives: February 2008

Mike Huckabee’s War Against Libertarian Republicans

From this month’s issue of Reason (not available online yet), former Huckabee spokesman Joe Carter, who is now with the Family Research Council, explained how Huckabee would reshape the GOP:

“If Gov. Huckabee is the nominee, you’ll see a shift from where the GOP is now…I see politics as more of a split between libertarians and conservatives than liberals and conservatives. If you let the libertarians go over to the Democratic Party while the Republicans win the votes of entrepreneurs(engineered via Hucks tax policy), you’re talking about a new majority party.”

And people talk about how McCain would break up the Reagan coalition.

H/T: Freedom Democrats

A Great Day For The Economy: Exxon-Mobil Posts Record Profit

I challenge anyone to tell me why this is a bad thing:

HOUSTON — Exxon Mobil Corp. on Friday posted the largest annual profit by a U.S. company _ $40.6 billion _ as the world’s largest publicly traded oil company benefited from historic crude prices at year’s end.

Exxon also set a U.S. record for the biggest quarterly profit, posting net income of $11.7 billion for the final three months of 2007, besting its own mark of $10.71 billion in the fourth quarter of 2005.

The previous record for annual profit was $39.5 billion, which Exxon Mobil reported for 2006.

To sum it up — businesses exist to make profits, Exxon Mobil has made a tremendous profit.

Why is that a bad thing ? And I know there’s plenty of people out there who will say that it is.

Quote Of The Day: Why Obama Might Just Be Better Than Hillary Edition

From last night’s debate.

First, here’s Hillary on the mortgage crisis:

I think it’s imperative that we approach this mortgage crisis with the seriousness that it is presenting. There are 95,000 homes in foreclosure in California right now. I want a moratorium on foreclosures for 90 days so we can try to work out keeping people in their homes instead of having them lose their homes, and I want to freeze interest rates for five years.

As I noted last month, this is a horribly bad idea.

Now, here’s Obama a few minutes later:

On the mortgage crisis, again, we both believe that this is a critical problem. It’s a huge problem in California and all across the country. And we agree that we have to keep people in their homes.

I have put forward a $10 billion home foreclosure prevention fund that would help to bridge the lender and the borrower so that people can stay in their homes.

I have not signed on to the notion of an interest rates freeze, and the reason is not because we need to protect the banks. The problem is, is that if we have such a freeze, mortgage interest rates will go up across the board and you will have a lot of people who are currently trying to get mortgages who will actually have more of a difficult time.

Now, I’m not saying Obama is acceptable but this strikes me as an indication that at least he’s not an obsessed socialist who would wreck the economy.

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