Georgia is going against the grain, cutting taxes, Stephen Moore reports in the email-accessible WSJ.Com’s Political Diary.

Senate Majority Leader Dan Moody says: “We are trying to create a contrast with the overspending and overtaxing in D.C.” Jonathan Williams of the American Legislative Exchange Council adds: “We know from recent history that those states that cut their taxes will gain more jobs and will have a faster economic recovery.”

No soaking the rich down there, at least if the Republican governor goes along.

Gotcha, John Maynard:

John Maynard Keynes often employed flowery language like “animal spirits” and “liquidity trap” to describe things he did not understand. He was, after all, more of a bureaucrat than an economist. In fact, he would best be described as an anti-economist because he eschewed things like supply and demand and held the opinion that government could run the economy.

He be the devil-may-care proponent of our newly resurrected borrow-and-spend philosophy.  He may rest in peace again some day, but not yet.

Looking, acting, talking like a . . . duck?

President Obama showed his hand this week when The New York Times wrote that he is considering converting the stock the government owns in our country’s banks from preferred stock, which it now holds, to common stock.

This seemingly insignificant change is momentous. It means that the federal government will control all of the major banks and financial institutions in the nation. It means socialism.

Dick Morris cutting to the chase.