Obama's Economic Programs Lack Focus By Vincent Farrell Jr. About this article: Before adjourning, the House of Representatives passed the "cap-and-trade" bill, which probably has no chance of getting through the Senate in its current form. But it has enough inanities in it to make you glad the lawmakers left town for a while. There is a provision that would levy tariffs on any country that didn't match the goals this bill calls for. This is just protectionism cloaked in self-righteousness. The Congressional Budget Office figures this bill would cost the average family a mere $175 by 2020. There is no way that is anywhere near accurate. Jason Trennert of Strategas did some digging recently and came up with an unbelievable fact. When Medicaid was passed oh so many years ago, the long-term cost projections figured it would cost $9 billion by 1990. It cost over $100 billion by then. The government was off by a factor of... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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