President Obama once again insulted the intelligence of the American people today when he offered a few shiny beads instead of sound economic policy. In a preview of his upcoming State of the Union address, Mr. Obama proposed an expansion of tax credits and other initiatives supposedly designed to help the middle class. But these small ideas will likely add to the already record deficit and do nothing to promote job creation.

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Appearing on CBS' Face the Nation Sunday morning, Senator John McCain (R-Arizona) declared the campaign finance reform movement he led is dead. While his cause may have been noble, his and Senator Russ Feingold's (D-Wisconsin) attempt at reform created an unfair and unconstitutional restriction on free speech according to last week's Supreme Court ruling (Citizens United v. Federal Election Commission). In that ruling, the Court struck down a provision of the McCain-Feingold Act that prevented corporations and unions from spending freely in the final days of political campaigns. But the Democrats are already working on how they'll try to circumvent the high court's decision.

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