No Runny Eggs

The hits, they just keep a coming….

• Federal deficit tops $1 trillion dollars for the year ….with 3 months to go.  Oh, but it’s down from the record high set last year!.  Perhaps most telling, only 1/3 of that deficit is from reduced taxes.  2/3 is from increased spending.  Yup, that’s exactly how our household handles a reduction in income, we crank up the spending!
• Contrary to the direction that Obamacare would have us going, a new study from the Brits shows that competition in health care not only lowers costs but increases the quality of the care…who’d of thunk?
• Can someone explain to me why the White house is insistent on their drilling moratorium when nearly two months ago their own inspectors concluded that none of the remaining (now 28 after another rig has departed) rigs have any “major problems?“
• With two deep water rigs now having left the gulf and of course one having blown up, we’re down 3 or 3% of the total Gulf drilling rigs. Has anyone been notified of the 2 inspectors (there were 55) that have been fired as a result of the reduction in the amount of work?
• Huh, Eastern Governors are protesting the fact that their constituents will likely be forced to pay for a transmission line that will carry wind power from the Midwest to their power gobbling states.  While I have a potential understanding of the Republican Governor’s actions, don’t the Democrats understand that this is exactly what the cap and tax policy their party wants, is designed to do? Do they think they are exempt from the income redistribution effects of the legislation?

and finally….

The White house is trying to ease tensions with business.  While I’m not in the habit of providing my consultations for free, I will make this one exception.  President Obama, the solution is easy.  Businesses of all sizes want you to get off their backs and quit making up new regulations by the minute.  If you abide by those 2 simple rules, they’ll be OK.