this is an adventure

“Frustrated liberals are asking why a Democratic-controlled Congress and White House can’t manage to close the Guantanamo prison or keep new gun-rights laws from passing.” Well, maybe it’s because in each case, the majorities Democrats achieved in the House and Senate were fueled by the recruitment of pro-gun, pro-defense candidates winning Republican districts?

This should surprise no one: “British banks and stockbrokers may refuse to take on American clients if new international tax proposals outlined by President Obama are passed.” Audit costs for American clients are expected to soar under the new proposals; UK is sending a delegation to meet with the IRS in June demanding reversal.

Tim Geithner talks of “an overhaul of compensation practices” and “declined to say whether the administration would propose stripping the Securities and Exchange Commission of some of its powers as part of the plan and dismissed suggestions of a rift with Federal Deposit Insurance Corp. Chairman Sheila Bair.” It’s changed, and we can’t go back.

We’re not big George Will fans here at TNL, but this is a piece well-worth reading on California’s ballot rejection: “Now California’s mostly Democratic political class will petition Washington for a bailout to nourish the public sector that is suffocating the state’s dwindling and departing private sector.” Expect a solution that makes the unions happy.