***SJR Endorsements:  LIBRI AND GRAY.  Finally, the editorial page gets something right over there...

***Again.  If you want to see what happens to government when they overtax and overspend, Chicago is the PRIME example.  The city is out of money.  Daley continues to increase fees & taxes on absolutely everything.  Chicago has the highest or near the highest bed tax in the country.  Now, with the economy turning south, Chicago is panicked that it will see less business travelers and tourists. 

Increasing taxes does not create a viable competitive economy.  Period.

***Put this Kass column on ADD Radio's Twitter site yesterday.  So true & so sad:  So the leviathan grows, and the bureaucrats and the corporate types attached to this bailout deal see the world in strikingly similar terms. They share the same type of mind and they share the common purpose of maintaining the status quo. Why wouldn't they? They're on the inside.

The casualty will be the entrepreneurs, those on the outside, the ones who createthe spark and offer up the products or the ideas that fire the economy. The entrepreneurial mind isn't willing to settle and wants to make more than $250,000 in salary or whatever the federal government deems proper. They don't want proper. What they want is to take risks and reach the American Dream.

***You are certainly hearing this clip all over the place this morning.  It isn't odd that The Obama believes in redistribution/economic justice/spreading the wealth - he is a Marxist, after all.  What is puzzling is how can a Harvard educated lawyer who taught Constitutional law in the one of the nation's most prestigous law schools believe that somewhere in the Constitution the Framers discussed redistribution of wealth. 

He says in this clip that it is a shame that the Supreme Court did not take up the issue of redistribution of wealth.  Perhaps that is because they have no jurisdiction in that matter.  Where would he argue SCOTUS has that oversight?  The Commerce Clause?  Certainly, Congress and SCOTUS have exploited the Commerce Clause far beyond its original intention to satisfy political concerns.  BUT, to blatantly redistribute wealth?  Uh uh.




***NYT, once again, the largest hypocrite in journalism today opines that OPEC shouldn't raise oil prices in this tenuous economy because it could be bad.  Of course, this is the same editorial page that doesn't want America to go after its own natural resources - oil and coal - and thereby insulate the US economy a bit from fluctuating OPEC pricing.

In the very next editorial they demand that Congress establish more wilderness areas which are more strictly protected from commercial activities than any other public lands, including national parks. 

***Du Pont from the WSJ today and what The Obama will mean for the US:

• The U.S. military will withdraw from Iraq quickly and substantially, regardless of conditions on the ground or the obvious consequence of emboldening terrorists there and around the globe.
• Protectionism will become our national trade policy; free trade agreements with other nations will be reduced and limited.
• Income taxes will rise on middle- and upper-income people and businesses, and individuals will pay much higher Social Security taxes, all to carry out the new president's goals of "spreading the wealth around."
• Federal government spending will substantially increase. The new Obama proposals come to more than $300 billion annually, for education, health care, energy, environmental and many other programs, in addition to whatever is needed to meet our economic challenges. Mr. Obama proposes more than a 10% annual spending growth increase, considerably higher than under the first President Bush (6.7%), Bill Clinton (3.3%) or George W. Bush (6.4%).
• Federal regulation of the economy will expand, on everything from financial management companies to electricity generation and personal energy use.
• The power of labor unions will substantially increase, beginning with repeal of secret ballot voting to decide on union representation.
• Free speech will be curtailed through the reimposition of the Fairness Doctrine to limit the conservative talk radio that so irritates the liberal establishment.

These policy changes will be the beginning of the Europeanization of America. There will be many more public policy changes with similar goals—nationalized health care, Kyoto-like global-warming policies, and increased education regulation and spending.

Clip and save this list.  Impress your friends when they all come true!

***Listen live to Kelm & Kirk at WMAY.com!