Forbes analyzes the current state of General Motors and expects it to need another bailout as its market share is steadily declining and stock price is plummeting. If the US sold the shares it owns in GM today, it would lose $16.4 billion. Where do you foresee this ending? Will GM recover or is this the beginning of a pipeline of subsidies?

On MSNBC’s program The Cycle, co-host Touré claimed Mitt Romney’s goal is the ‘n*gger*zation’ of the campaign. Is this Romney’s goal or is the left trying to insert race into the race?

After a short period of relief, gas prices are likely to reach record levels this year. What will you do to recover from the extra money spent to drive your vehicle?

Newsbusters argues media bias in the coverage of shootings as the most recent incident at the Family Research Council was perpetuated by an obvious liberal against a conservative group. Is the coverage really an example of bias or is it related to the comparative outcome of the event?

Finally, NPR brings us ‘Six Policies Economists Love (And Politicians Hate)’. Which would you implement (policies listed after the jump)?

One: Eliminate the mortgage tax deduction, which lets homeowners deduct the interest they pay on their mortgages. Gone. After all, big houses get bigger tax breaks, driving up prices for everyone. Why distort the housing market and subsidize people buying expensive houses?

Two: End the tax deduction companies get for providing health-care to employees. Neither employees nor employers pay taxes on workplace health insurance benefits. That encourages fancier insurance coverage, driving up usage and, therefore, health costs overall. Eliminating the deduction will drive up costs for people with workplace healthcare, but makes the health-care market fairer.

Three: Eliminate the corporate income tax. Completely. If companies reinvest the money into their businesses, that’s good. Don’t tax companies in an effort to tax rich people.

Four: Eliminate all income and payroll taxes. All of them. For everyone. Taxes discourage whatever you’re taxing, but we like income, so why tax it? Payroll taxes discourage creating jobs. Not such a good idea. Instead, impose a consumption tax, designed to be progressive to protect lower-income households.

Five: Tax carbon emissions. Yes, that means higher gasoline prices. It’s a kind of consumption tax, and can be structured to make sure it doesn’t disproportionately harm lower-income Americans. More, it’s taxing something that’s bad, which gives people an incentive to stop polluting.

Six: Legalize marijuana. Stop spending so much trying to put pot users and dealers in jail — it costs a lot of money to catch them, prosecute them, and then put them up in jail. Criminalizing drugs also drives drug prices up, making gang leaders rich.

Comments

  • Anonymous

    Policies Q: 1, 3, 4 definitely
    2 only if offset with vouchers to help consumers when sticker shock hits and until the market re-settles to being more consumer driven like the auto insurance industry. Which brings up an interesting digression – why is it libs love to point to auto insurance as a reference point for mandatory insurance for all (although it’s not at all a 1:1 ratio), but fail to recognize that it is much more market and consumer driven than the major medical field? Why can’t we see more of that happening? But I digress…
    5 – no, I’d rather innovate with natural gas, etc. than force it down this road
    6 – why is it everyone is so anti-smoking, yet we’re all glorious about legalizing pot? If we’re going to just about ban smoking around the country, then at the minimum we’d do the same with pot – probably a lot more due to it’s addictive nature. I’d say no for now…

  • Anonymous

    Policies Q: 1, 3, 4 definitely
    2 only if offset with vouchers to help consumers when sticker shock hits and until the market re-settles to being more consumer driven like the auto insurance industry. Which brings up an interesting digression – why is it libs love to point to auto insurance as a reference point for mandatory insurance for all (although it’s not at all a 1:1 ratio), but fail to recognize that it is much more market and consumer driven than the major medical field? Why can’t we see more of that happening? But I digress…
    5 – no, I’d rather innovate with natural gas, etc. than force it down this road
    6 – why is it everyone is so anti-smoking, yet we’re all glorious about legalizing pot? If we’re going to just about ban smoking around the country, then at the minimum we’d do the same with pot – probably a lot more due to it’s addictive nature. I’d say no for now…

  • Anonymous

    I’d agree to 3,4 and maybe 6 if they tax the hell out of it.

  • Anonymous

    I’d agree to 3,4 and maybe 6 if they tax the hell out of it.

  • Anonymous

    Once a subsidy, always a subsidy … it’s like meth for coroprations! And I think MSNBC’s Toure was taken apart by SE Cupp for those remarks. As for rising gas prices….I’m grocery shopping later today. I’m leaving the children at home, so they don’t exact them as payment from me! ~~Joyce

  • Anonymous

    Once a subsidy, always a subsidy … it’s like meth for coroprations! And I think MSNBC’s Toure was taken apart by SE Cupp for those remarks. As for rising gas prices….I’m grocery shopping later today. I’m leaving the children at home, so they don’t exact them as payment from me! ~~Joyce

  • shuoink

    1, 2, 3, 4, and 6. Do them all!

    No thanks to number 5… We should have a viable alternative to gas before we start getting punished for driving to work!

  • shuoink

    1, 2, 3, 4, and 6. Do them all!

    No thanks to number 5… We should have a viable alternative to gas before we start getting punished for driving to work!

  • marshport

    I prefer number four. I believe it’s called the Fair Tax.

    • dw

      +1 for the FairTax!

    • Anonymous

      10% across the board with no deductions or exemptions. No more forms to file and you don’t get taxed for investing money that was already taxed.

  • marshport

    I prefer number four. I believe it’s called the Fair Tax.

    • dw

      +1 for the FairTax!

    • Anonymous

      10% across the board with no deductions or exemptions. No more forms to file and you don’t get taxed for investing money that was already taxed.

  • Anonymous

    I love the contrast in comments and charges coming out of each camp:

    R’s: “Let’s talk about deficits!”
    D’s: “Show us your tax returns!”
    R’s: “We’ve got to fix the budget!”
    D’s: “He put a dog on the roof!”
    R’s: “Gov’t spending is out of control!”
    D’s: “They’re gonna put y’all back in chains!”
    Just shows how tilted the playing field is for Oblama. If the tables were turned, they’d all be laughing and pointing out the hilarity of the situation. But not when their messiah is getting crucified.

  • Anonymous

    I love the contrast in comments and charges coming out of each camp:

    R’s: “Let’s talk about deficits!”
    D’s: “Show us your tax returns!”
    R’s: “We’ve got to fix the budget!”
    D’s: “He put a dog on the roof!”
    R’s: “Gov’t spending is out of control!”
    D’s: “They’re gonna put y’all back in chains!”
    Just shows how tilted the playing field is for Oblama. If the tables were turned, they’d all be laughing and pointing out the hilarity of the situation. But not when their messiah is getting crucified.