It’s the economy, stupid. Bill Clinton got that one right. In fact he, like perhaps no other president in history, understood the power of putting money in people’s pockets. Who says conservatives never praise liberals?
Obama is planning on raising taxes on the rich. There’s no secret to this plan. He’s also planning on raising taxes on the middle class, despite his campaign promises, but that’s a topic for another post.
Liberal economic theory posits that when you take a dollar from an individual, that individual gets more than a dollar’s worth of value back,…
From the CNN.com article:
Health and Human Services Secretary Kathleen Sebelius echoed Gibbs, telling CNN’s “State of the Union” on Sunday that a final health care bill will include competitive choices for consumers in one form or another.
“There will be a competitor to private insurers,” she said. “You don’t turn over the whole new marketplace to private insurance…
Step 1 – Make unionization of government employees illegal.
Step 2 – Privatize as much as possible. That means the universities, the prisons, highways, state parks, etc. Sell everything possible into the private market and let entrepreneurs make a profit off these ventures. The state will get a lot of immediate money, and the quality of the institutions will improve.…
According to WSJ’s Thomas Frank, the union-backed bill known as “card check” is dead. If so, that’s great news for American workers, who have been manipulated by our government and unions for all too long into giving up their dignity and their very humanity in exchange for what amounts to corporate slavery.
Right now if workers want to form…
The headline reads “Obama plan would boost small businesses via lender incentives“. What the article is talking about is Small Business Administration (SBA) loans. I got one of these loans for my business in early 2003. It was for $100K, and took me five years to pay off. I wish I had never gotten the loan in the…
Minimum wage laws were first enacted as a form of institutionalized racism, and have been perpetuated in order to protect unions from competition. But you thought the purpose of the minimum wage was to help the poor…in fact, minimum wage laws hurt the poor more than anyone else.
Many decades ago, people wouldn’t pay a black man as much as…
During Bobby Jindal’s rebuttal to Obama’s speech the other night he singled out $140 million in the infamous stimulus bill that was earmarked for “volcano monitoring” and then stated “Instead of monitoring volcanoes, what Congress should be monitoring is the eruption of spending in Washington.” But this angered Royce Pollard, the mayor of Vancouver, Washington, who asked on…
This interview of Bill Clinton is a gold mine. Not only does he claim that unemployment benefits stimulate the economy more than tax cuts, but now he says “I find it amazing that the Republicans who doubled the debt of the country in eight years and produced no new jobs doing it, gave us an economic record that…
In an interview with CNN’s John Roberts Clinton claimed that “there’s 100 economic studies which show that you get a better return in terms of economic growth on extending unemployment benefits or investing money in energy conservation jobs to improve buildings than you do giving people in my income group a tax cut.”
Really? Granted, the “or” in there means…
What is “pure politics”? It’s when being in power matters more than anything else, and the means don’t matter as long as you get the ends you want. That pretty well describes the content of Paul Begala’s latest op ed piece on CNN.com. His agenda is not one of “The GOP is hurting this country and we need…
Many have blamed the current economic woes on capitalism and free markets. This is patently false since it doesn’t take too much research to see that it was government regulation and/or interference in markets and not a lack of it that led to the housing bubble and easy debt, but let’s leave that argument for another post. In the wake…
Here’s a Thanksgiving message for you. Did you know that socialism could have killed the pilgrims? Originally the pilgrims in America lived in a communal setting where everyone contributed all their crops to the governor, and then it was doled out equally for all. But in an attempt to change things and ensure their survival, Governor William Bradford…
Classic. Wealth redistribution in action bites those who are feeding it (scan to the bottom, or just read below).
On my way to lunch recently, I passed a homeless guy with a sign that read “Vote Obama; I need the money.” I laughed. In a restaurant my server had on an “Obama 08″ tie. Again I laughed.…
You want to keep it real? Then elect an entrepreneur, like one of those profiled on CNNMoney.com. Honestly, even when the person running is a Democrat I feel like voting for them if they’ve got entrepreneurial experience. Why? Because I know what it takes to run a business, and that when you run a business you generally get…
Some say greedy businessmen. They’re right. Some say greedy politicians. They’re also right. It was the combination of greed–businessmen for money, politicians for power–that created this mess. You could say that if the businessmen weren’t greedy this never would have happened, but that would be to ignore that it was politicians who created the incentives for businessmen to exercise that…
For all the complex arguments for while the bailout will and won’t work, the underlying problems aren’t all that complicated, and this article by Jeffrey A. Miron is by far the best explanation I’ve heard, summarizing how we got here, and what it would take to fix things.
Frankly, I’m not sure it would take any money at…
If elected President I would reform our trade policy as follows:
Our trade policy with individual countries will mirror the policy they set with us. For example, if they eliminate all tariffs for our products, we will eliminate all tariffs for their products. If they subsidize certain parts of their economy, we will not subsidize the same part of our…
I just listened to Jacki Lyden on NPR interviewing economic advisers from Obama and McCain’s campaigns. Jacki presented two real-life case studies from Ohio. One a small business owner of a small hotel, and the other, a laid-off auto worker, and then asked each adviser how their candidate’s economic plan was going to help these individuals. I was…
