Setting aside the flaming dirigible that is Obamacare, the big news out of Washington heading into the Thanksgiving holiday is that Democrats have finally made good on their threat to eliminate the filibuster for judicial and executive branch appointments. For the last few years, Senate majority leader Harry Reid, with enthusiastic support from the liberal base, had been threatening to strip the minority party in the upper chamber of this important power.
Senator Harry Reid does not want any spent nuclear fuel going into that massive, and expensive, hole in the ground at Yucca Mountain in Nevada. And he has been able to make sure it hasn't happened, though that was the reason for digging the hole in the first place. Still, an empty hole in the desert might be a fitting relic of this civilization, which future generations can ponder the same way that we contemplate the pyramids and the ancient Egyptians worship of death. For us, it is the spending of vast amounts of money and energy to produce ... a vast, empty hole.
Tax reform is dead. President Obama killed it, with an assist from Senate majority leader Harry Reid.
To be exact, it’s officially dead now for this year and next. But in truth, it’s been dead for months because Obama, in private negotiations with Republicans conducted by his aides, rejected the one thing that makes tax reform politically possible: revenue neutrality. It allows the tax base to be broadened and tax rates to be lowered.
Even if you're Warren Buffett--billionaire investor, founder of Berkshire Hathaway, and Democratic donor--it helps to have friends in high places. Through his holding company MidAmerican Energy, Buffett is currently atttempting to purchase NV Energy, a Nevada-based energy firm, and he's getting some big help from that state's senior U.S. senator, Majority Leader Harry Reid.
On Sunday, Nevada’s Democratic senator Harry Reid said that taking away the Senate minority’s right to filibuster would be outrageous, and even criminal. “That contempt for the rule of law and the law of rules,” Reid said, “will set a new precedent—an illegal precedent—that will always remain on the pages of Senate history.” We should make clear that by “Sunday,” we mean Sunday, May 22, 2005. Back then, Reid’s party was in the minority in the Senate, and filibustering like mad in order to block George W. Bush’s judicial nominees.