Clarkosaurus

Hedge fund managers are taxed at 15% on most of their income. Sound fair to you?  I didn’t think so. Read more:

Tax breaks for billionaires: Loophole for hedge fund managers costs billions in tax revenue.

“If the amount of tax revenue lost to private equity firm managers is equivalent to that lost with hedge funds, then the combined amount would be $12.6 billion. This forgone revenue stream could, for example, fully fund the five-year, $35 billion expansion of SCHIP, the public health insurance program for low-income children.”

I think the most coveted Secret Service assignment right now has to be protecting Governor Sarah Palin.  I said it (privately) right after she was nominated and I’ll say it again after reading this touching story.

Charles Krauthammer is a physician and Conservative commentator.  Here’s another jewel from his column this week:

By an overwhelming margin of 2-1, Americans want to lift the moratorium preventing drilling on the Outer Continental Shelf, thus unlocking vast energy resources shut down for the last 27 years.

Democrats have been adamantly opposed. They say that we cannot drill our way out of the oil crisis. Of course not. But it is equally obvious that we cannot solar or wind or biomass our way out. Does this mean that because any one measure cannot solve a problem, it needs to be rejected?

And also this piece:

By any reasonable calculation of annual tire-inflation and tune-up savings, the Outer Continental Shelf holds nearly a hundred times as much oil. As for oil shale, also under federal moratorium, after a thousand years of driving with Obama-inflated tires and Obama-tuned engines, we would still have saved only one-fifth the oil shale available in the United States.

Read the whole thing.