A Vice, A Sin, A Confession, A Difference? A Tale of Two Confessions

Here is a clip from Obama’s most recent press conference in which he confesses to sneaking out and grabbing a smoke and messing up.

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The Los Angeles Times reported:

It may not be as big as “read my lips,” but it’s shaping up as a notable broken campaign promise: Barack Obama’s pledge to his wife that he would quit smoking if she let him run for president.

More than two years later, he’s still sneaking cigarettes like a middle-schooler. The model of self-discipline who can zap a fly with the accuracy of a tree frog and sink a three-pointer with Kobe-like grace can’t beat his most public vice.

“I constantly struggle with it. Have I fallen off the wagon sometimes? Yes. Am I a daily smoker, a constant smoker? No. I don’t do it in front of my kids, I don’t do it in front of my family, and I would say that I am 95% cured, but there are times where . . . I mess up,” President Obama confessed when asked at his news conference Tuesday if he’s still puffing away.

Here is the video clip or South Carolina Governor Mark Sanford in which he confesses to an extramarital affair:

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The questions here: Are both confessions any different? Which vice/sin is more damaging and to whom? And do Republicans and Democrats see both confessions differently or the same?

Introducing Ruth McClung, Republican Candidate, CD-7

I am pleased to introduce conservative Republican, Ruth McClung for Congress in CD-7.

Ruth will be taking on the very liberal Democrat and immigration activist, Raul Grijalva in the 2010 Election cycle.

I am very impressed with Ruth, her personal and professional background and especially her position on issues.

Yes, she has an uphill battle but that’s where you come in. She needs your help, your volunteerism and your financial support.

To contact the campaign, please visit her website at www.Ruth4AZ.com or view her YouTube videos online.

Taxes Devastate, Cuts Improve

By Byron Schlomach, Ph.D.
Goldwater Institute
 
Tuesday’s Wall Street Journal editorial page engaged in a bit of triumphalism. The editors showed that their 2003 predictions of where monetary policy was leading were better than those of Ben Bernanke. Bernanke’s comments at a 2003 meeting of the Board of Governors make clear that lots of detailed knowledge can just as easily addle a brain as create clear thinking.

Methinks this might be the problem with the editorial page of the Arizona Republic as they opine on the economic devastation of budget cuts. Every dollar spent in the state budget is the most important dollar in the world to someone. But all the wailing over budget cuts tends to make one lose sight of the big picture.

The ability of enterprises to provide for economic opportunity and jobs is the big picture. Governor Brewer’s advisors and the newspapers are convinced that cutting spending will be worse than raising taxes. But then the Federal Reserve Bank of San Francisco recently published an article summarizing research on economic multipliers. It turns out that a dollar of government spending results in 70 cents of job-creating activity after two years. A dollar in tax cuts results in $1.30 to $3 of job-creating activity after two years. Put another way, a $1 cut in spending cuts job-creating activity by 70 cents. A $1 increase in taxes cuts job-creating activity by as much as $3.

So now let us engage in some triumphalism of our own. We’ve said all along that tax increases will hurt more than help. Once again, the evidence is on our side.
 
Byron Schlomach, Ph.D, is director of economic policy at the Goldwater Institute.