Begins with a review of Chris Dodd's AIG - Bailout Bonus connection and the implications on his political career. Makes a brief reference to AIG donations to Obama. Ends with a bang. If we own AIG, is it a violation of the First Amendment for AIG to have a division that promotes Shariah? Thomas More Law Center is suing the government. Stay tuned.
This is exactly why we should not mix economy and state. Muslims in the United States have a right to worship as they please and to choose to deal only with corporations that do not offend their religion. Bravo to AIG for meeting an untapped market. Now, the bailout appears to create a situation where the Constitution must be violated. Either a government owned corporation funds and promotes religion, or people who made contracts with AIG when it was a private corporation will have their contracts wrongfully violated by the U.S. government. The only other option I see is to remove AIG from the public sector entirely.
Has a summary of the history of top bracket income tax rates and spells out the macro-effects of tax cuts vs. tax increases on the country over the decade(s) after the tax policy change. Speculates that the 90% tax on over $250K may not be about AIG. Although it came through different channels, the $250K number is the same that Obama uses to describe "the RICH" that he wants to tax.
I am not a conspiracy nut. Although I do believe that Obama wants to "spread the wealth around", I do not currently subscribe to the idea that he is planning to raise the ordinary top bracket to 90%. It is much more likely that this is nothing more than the Demos trying to play CYA. But even if I don't agree with the hint of conspiracy in Kudlow's piece, he does a good job of explaining the long term (uber-macro)-effects of changing the top marginal tax rate. More Americans need to know this information.
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