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Warren Buffett proposed in 2003 the idea of "import certificates"--an adjustable tariff to balance the US trade deficit. I think the idea has some merit--but needs some adjustments to work properly. One problem is that imports of capital improvements (i.e. machinery used in a BMW plant) are treated exactly the same as imports of consumer goods. That might be handled by allowing payment of the import certificates to be adjusted according to the depreciation schedule of major capital items.
At Untethered, Dennis explains a key point of Attorney General Eric Holder's "nation of cowards" speech:
Does it seem like Mexico's complaining about America has clicked up a notch recently, particularly in relation to the ongoing war against the criminal drug cartels? First it was the accusation that America's Second Amendment was to blame for all the guns in Mexico, and now Presidente Calderon is grousing about corruption... in the United States (!)
The Mexican president has blamed US "corruption" for hampering his nation's efforts to combat violent drug cartels. [...]
In covering the latest developments in the Chandra Levy case (illegal alien felon Ingmar Guandique has emerged as Levy’s suspected killer), the Washington Times reported yesterday that news organizations were “debating whether the words �illegal’ and �immigrant’ are too loaded to use in an already emotionally charged story. And maybe even racist.” [Levy suspect's illegal status stirs media debate, Jennifer Harper, March 6, 2009 ]
With the MSM still in lock-step Obama worship, it is to the blogosphere one must look to find cogent, reasoned critiques of the 44th president.
A particularly fine one was posted on Thursday on the blog Mansizedtarget.com: Obama: Floundering Fast.
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