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Three in One Day! September 10, 1900 10:45 AM | Tagged as Cronyism, Koch, Ryan

Ref: WSJ September 10, 2012 Pages A17-A19

 

Today’s WSJ opinion pages had three worthwhile articles.

 

In “Corporate Cronyism Harms America”, Charles Koch, CEO of Koch Enterprises notes that government policy, not business, has been responsible for much of our economic woes since 2007. He cites the Fannie Mae and Freddie Mac’s affordable housing quotas, the Community Reinvestment Act, and the Federal Reserve’s artificially low interest rates.  His article is in response to much of the inflammatory rhetoric from the DNC convention last week, stirring up hatred for business. He also freely admits too many CEOs are feeding at the government trough.  Government favors are rigging the markets and costing us all dearly.

 

In “The True History of Simpson-Bowles”, the WSJ editorial board debunks the revisionist historical narrative that Paul Ryan killed the deficit commission.  The final commission vote included seven nays, four from Democrats and three by Republicans including Ryan.

 

In “Double-Checking the Journalist ‘Fact checkers’”, Gordon Crovitz reviews the new trend to have “fact checkers” tell us the truth about political ads. In fact, the fact checkers themselves are biased. Now we have fact checkers to check the fact checkers. Where does this end?

 

November 6th, happily.


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