Archive for the ‘economy’ Category

Follow the Money

December 19, 2009 in Domestic Policy, News and Current Events, economy | Comments (0)

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A recent study from George Mason University proves stimulus dollars, taken from taxpayers and redistributed with promises of jobs and economic growth, are accomplishing little of what they promised. We’ve all heard the old saying: “Follow the money.” If you want to see what is really going on follow the money—where it comes from or where it is going—to discover far more than rhetoric will ever admit. This saying especially applies to politics—where money is spent shows the true intention of those who appropriated it.

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Most would expect stimulus funds to go to areas hardest hit by the recession or places where investment can most efficiently produce results. According to the above mentioned study more money went to Democrat districts than went to Republican districts, by almost double. When the stimulus was pushed through, opponents claimed it was nothing more than redistribution of wealth and borrowing from our kids. It appears the redistribution is from Republican to Democratic coffers. Those who supported Barry and his bunch got their payoff. While Democratic representatives campaign on how much money they brought home to constituents, productive taxpaying members of society (GOP for short) are left holding the check.

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Fearmonger In Chief

December 17, 2009 in American Medical System, Domestic Policy, News and Current Events, Obamination, economy | Comments (0)

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Like many liberals President Obama places too much stock in his own plans and places way too little in the American people. America has created more wealth, freed more people, and overthrown more tyrants than any other nation to ever exist. Amazingly, this was all done without Barrack Obama as president.

On December 16, our president told ABC news that if his healthcare plan is not passed America will go bankrupt. Whatever happened to Mr. “Yes we can.” The reason for his dire projection is Medicare and Medicaid spending. Mr. Obama proposes that we transfer these broken programs into a new program that will oversee the healthcare of all Americans, claiming this as the only way to keep down costs. We remember all the government programs that so effectively kept down costs in the past. There was . . . well . . . what about . . . perhaps . . . Ok, so no government program has kept down costs. Instead, the record of bureaucracies is out of control spending and poor service. This means the president of this country claims that unless we spend more government money and interfere in the lives of more Americans the United States in doomed and the federal government will go bankrupt.

This president has shown he has a very limited play book. When attacked, use the race card. When overcome with bad press, take action to distract the media. When optimism fails, switch to fear. What this country cannot afford is more of Barrack Obama’s good-money-after-bad policies. Whether it’s healthcare, bailouts or ‘stimulus’ checks, all he offers is more of the same—freedom is bad, government is good, responsibility is to be avoided.

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Why The Elephant Crossed The Aisle

October 13, 2009 in American Medical System, Hip-Pocket Congress, News and Current Events, economy | Comments (0)

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Though it may sound like a bad, old joke, it is actually today’s news. Senator Olympia Snowe, from Maine, has once again crossed the aisle to vote with Democrats in favor of government healthcare. Many have referred to Senator Snowe as a moderate Republican, but this is not the proper term to describe her. To call someone a moderate implies that they stand in the middle on issues between extremes and seek to find the best way to work with the right or the left. Moderation connotes discipline and thoughtfulness, but political moderation is not what Senator Snowe practices. Since Arlen Specter left the party he pretended to support for years, Senator Snowe is now the turncoat-in-chief.

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Of course, the Democrats are the one delivering the punch line in this joke. They are claiming a victory for the president, hoping it will shield moderate Democrats who have been forced to stand against this program. Senator Snowe has always danced to the left’s tune. I wonder if she realizes that today is National Coming-Out Day and those hiding their feelings are being encouraged to come out of the closet and express who they really are. Senator Snowe, it is time you came out of the closet and accept that you are a Democrat; you are not a moderate but a hard-left statist.

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The New American Criminal

September 29, 2009 in American Medical System, Domestic Policy, News and Current Events, Obamination, economy | Comments (0)

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Max Baucus of Montana is hard at work trying to force his healthcare bill through committee and onto the floor of the Senate. If he succeeds we could have a new healthcare system in this country before long. Of course the new system will take care of few if any of the old problems and simply create higher taxes and more government red tape.

As an astute politician Max understands that sometimes compromise is needed to pass legislation. Some changes made to his proposal should get serious attention from those of us who will foot the bill for this program. He has offered changes to the number of people being subsidized to pay for coverage and the penalty for not getting coverage has been lowered.

The Baucus plan will provide subsidies to families and individuals to help defray the cost of getting insurance. This subsidy is available to any family making under $88,200 or any individual making less than $43,230. Of course when we look simply at the dollars one can see why this would be offered. Neither figure is a huge income these days, because the cost of coverage can run to 5 digits for some families. The problem is when you consider what portion of the population will now be subsidized. According to 2005 census figures, this would cover 80% of American households. If Max’s plan goes through 80% of Americans will have their healthcare costs subsidized by the Federal Government. Is anyone silly enough to believe that this will not require higher taxes or cuts to other spending? This is simply an effort to buy support from the American people. By casting wide the net of those on the dole Max hopes to get more people supporting his proposal.

The next problem doesn’t seem like a problem at all. It can almost be spun as a fix to a problem I already addressed. Max’s plan to require all Americans to buy coverage or face a fine is obviously problematic. In recognition of this Max had lowered the fine for not having coverage from $3800 to $1900. This is recognition that many will defy the plan and admission that the purpose is not to defray the costs to the system of uncovered patients. If the system were enforceable and truly for the purpose of getting Americans covered a higher fine makes sense. By lowering it Max is admitting that his plan will quickly make many previously law-abiding Americans into criminals. What will their crime be? Choosing to spend their money elsewhere.

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Only a Few Months

September 22, 2009 in American Medical System, Constitution, Domestic Policy, Hip-Pocket Congress, Liberty, News and Current Events, Obamination, Political Action, economy | Comments (0)

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For most people a few months is not very long. A child thinks of this period as an eternity, but an adult facing a wait of several months is a different story. By the time we reach adulthood we learned to wait. We have also had things we wanted put off for months and observed how quickly that time passes. Even with the relative shortness of a few months a lot can happen in that time period.

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In nine short months a fertilized egg becomes a fully formed human being. The transformation from single cell to sentient intelligent being is an amazing miracle to consider. Compound that complexity with the quickness of the process and awe is only natural. The mother feels her bond grow daily as her child develops; a father’s first experience of the child is at birth. Just as the bewildered father finds himself bewildered by miracle that has changed him from man to father and feels mixed emotions as he realizes the weight of his new responsibilities, a society can find itself overcome by the changes wrought in a few months by a misguided agenda.

The last few months of US history are a perfect example. We have seen changes in the land unforeseeable only a few years ago. I still remember the days when the media was bemoaning the destruction of the Democratic Party and declaring that the whole country had taken a sharp turn to the right. With the leadership of the American Triumvirate (Obama, Reid and Pelosi) we face a brave new world—not so brave, and if you listen to Solomon, not so new.

Over the last few months the following has come to pass under the leadership of the most left leaning president and Congress in history:
• American’s largest auto manufacturer is majority owned by the federal government.
• The President of the United States has removed the CEO of a major corporation.
• The financial industry is under the heavy hand of the fed.
• Major segments of society are being managed by Czars, not one of them elected.
• Veterans who served their country have been labeled potential terrorists.
• A government website has been established for reporting opposition.
• The government is poised to expand its control of our healthcare.
• War has been declared on the entire health insurance industry.
• Members of previous administrations are being criminalized for policy differences.
• Business is being attacked with higher mandatory wages and proposed new requirements.
• Our children’s wealth has been spent before the children have earned it.
• Government debt has risen to unprecedented levels.
• Art and education are being suborned to speak in support of the president and his policies.
• Our economy is being sacrificed to the new religion of Global Warming.

As if this isn’t enough, imagine what a few more months will bring. Already, in 2010 taxes will increase without any action by the Congress or President. This automatic tax increase will kick in when the Bush tax cuts are allowed to expire. It will be spun by Obama and the boys as not being a tax cut, but if your taxes are one amount this year and nearly double next year what do you call it? It is a tax increase and it will be Obama, Reid and Pelosi’s baby.

Some used to be say, “One election doesn’t matter; how must damage could be done in four years?” If the last few months are an example every election counts because the damage done can be irrevocable. Mister Obama, “I’ll keep my current health coverage, my current income and my current freedoms; you can keep the change.”

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America Is Not Rich!

September 15, 2009 in American Medical System, Orwellian Newspeak, economy | Comments (0)

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“This is America, the richest country in the world.” I hate that saying! I hear it often from those on the left, usually in defense of some half-baked plan to care for another down-and-out segment of society or to “give” some other entitlement to “all Americans.” There are two problems with this idea.

First, America is not rich. At least not America as the left usually defines it. You see the left sees the government as the great checkbook in Washington. They don’t understand that the government has no money and no source of producing it. I’m not talking about printing money because they can do that, but those greenbacks are only a symbol of someone’s tax burden. All wealth in this country is created by those who produce products—meaning anything of value: widgets, services, information, et al. The government pays for nothing and provides nothing. All they can do is redistribute wealth by taking it from those who earned it (and therefore deserve it) and give it to those who did not earn it (and therefore do not deserve it). The government does this through coercion. They come to your home or place of business and require that you report exactly how much money you have made and give them a proportional amount. This is acceptable when one considers what the government does appropriately. When the government spends seized money on the military it is protecting all of us from enemies. When they spend this money on police they are protecting us all from those who would steal and kill. Entitlements are a different story.

Government efforts to champion the poor by providing for the have-nots would be fine if they spent their own money, but all their money comes from us. They must first coerce it from the rightful owner before they can give it to another. Of course they take their cut off the top to finance the bureaucracy. This is actually theft because the person taxed loses money that he earned and gets nothing in return. Actually what the government does is far worse than simple theft. Robert Nozik (Nozick, 1974, p. 169) says, “Taking the earnings of n hours labor is like taking n hours from the person; it is like forcing the person to work n hours for another’s purpose.” This forced labor is, in effect, government sanctioned slavery. When you consider the money is given to those who did not work for it you can only conclude that the producer is made slave to the unproductive. Those who work hard to build wealth must work even harder to make up for what the government forces them to provide for those who choose not to work, or not to work as hard.

Second, with our progressive tax system no program benefits all Americans the same. Like I said taxation is appropriate for things that only the government can or should provide. We would not want private armies roaming the land or police working for the highest bidder so the government provides these and must tax to do so. However, when money is taken and nothing is given it is easy to see the wrong that is done. Lately, the problem is another type of entitlement. We are not faced with one that only benefits the poor but it is claimed that its implementation will benefit all Americans. The debate I am speaking of is healthcare. The plan, right now, is to create a government safety net for those without insurance, but the details put forth show a deeper desire to create a government program meant to spread and grow until its tentacles entwine all Americans. The final goal is a one-payer system in which all people will be on the government plan. Many see this as an acceptable use of tax power because those who pay the taxes will participate in the program—getting something in return. Actually, the problem with this view is that only those who work and can afford it will pay for the program that is meant to cover everyone. Those who currently pay for their own insurance and care will continue to do so, but they will send the check to the Federal government along with a hefty additional sum to cover their neighbor. This is not a program for all Americans but one more example of the productive subsidizing the unproductive.

This brings up a major problem to consider. With our progressive tax system, those who produce wealth pay for their own police and military protection and also for the protection of those who do not produce. This is still a subsidy of bad choices. The only fair tax is one that is totally flat and shared by all Americans, rich and poor, big and small alike. Any attempt at a graduated tax system gives higher value to some Americans by taking away from others.

America is not a rich country. Among the American people are rich and poor. Like all nations we only have the wealth produced by our people. Each American is entitled to the wealth he produces and none other.

Works Cited
Nozick, R. (1974). Aarchy, State, and Utopia. Basic Books.

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Another Perspective

August 28, 2009 in Domestic Policy, News and Current Events, economy | Comments (0)

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Perspective affects perception. The way we look at things, the angle at which we see it or the side of it that we see makes a huge difference in how we perceive it. For example, most people have a “good side” they prefer for pictures.

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Government programs are sold to the American people as one thing but a different view will often wipe away the glamour and show it for the sow’s ear that it is. One such program is “Cash for Clunkers.” It is interesting that the new owners of GM—Joe and June Taxpayer—are now forced to shell out for old cars to bait consumers onto the car lot. This stinker of a program has successfully drawn thousands to trade their old rusty gas guzzler for a bright shiny new payment book. Of course, in a recession that is what the American people need, more buying on debt—after all it worked so well for the Democrat controlled Congress.

Over the last few weeks people traded 600,000 vehicles. Now that it is over what has truly happened? Your government purchased 600,000 cars with the stated goals of destroying them. They spent your hard earned money on cars to crush. That is $2.8 Billion of your hard earned money for scrap metal. But this is not all they accomplished. Good manageable used cars with years of life have been gobbled up by a government monstrosity and are gone from the market. Many, whose only chance of a reliable car to get to work or school, face higher prices and fewer choices because of a shortage artificially created by a government that claims to care about them.

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Political Alzheimer’s

August 3, 2009 in economy | Comments (0)

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To see someone struggling with Alzheimer’s is heartbreaking. For the person suffering the disease can make life a terror as they forget those who love them and familiar locations. Actions taken in the morning can be a total mystery by afternoon. What makes it saddest is the inability to control when it will hit, or what memories it will effect. This terrible disease is one of many nightmares that inspire fear about healthcare and bring on demands for reform. Unfortunately in American politics we see a form of political Alzheimer’s as office holders forget not only campaign promises, but also the arguments they once made as their position changes with the political winds.

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Treasury Secretary Timothy Geithner is saying that we must take action to bring down the deficit if we want the economy to grow. In saying this, the call is on for higher taxes to pay for the misdirected stimulus spending. So deficit spending has gone from the answer to the problem in less than eight months. What about the harm that higher taxes would do to our economy. When you raise taxes you reduce the amount of money available for investment and business expansion. It was argued during the debate on stimulus that it would be paid for through an expanded tax base once we recover, but no new taxes would be needed. Of course anyone with half an understanding of economics knew this was half-baked at best and a blatant lie at worst. The opposition pointed out over and over that record spending matched with our current conditions would necessitate higher taxes.

It would be helpful if the Treasury Secretary would do some reading on economics and while he is at it perhaps a perusal of the Constitution.

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Mission Accomplished

July 28, 2009 in American Medical System, Domestic Policy, Obamination, economy | Comments (0)

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When the USS Abraham Lincoln returned from war in May 2003, President Bush stood before a giant sign that shouted, “Mission Accomplished.” The media and their liberal overlords twisted this sign’s meaning in attack after attack. I recommend the current President and Messiah of the Liberal World proclaim the accomplishment of one of his chief goals.

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Tick, Tick, Tick, Boom!

July 10, 2009 in Domestic Policy, Hip-Pocket Congress, War on Poverty, economy | Comments (0)

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Later this month one more liberal landmine is set blow another hole in our already frail economy. In 2007, shortly after the Democratic takeover of Congress, the minimum wage was raised. This act was praised by the media and their friends on the left as help for the poor. We were barraged for years with images of unfortunate people who could not earn a ‘living wage’ flipping burgers and mopping floors. The left claimed these people needed help and that everyone working full time deserved to earn enough to live on. So in charged the Cavalry, riding Democrat donkeys and Republican RINOs, defending the rights of the worker from the evil capitalists enslaving them. No longer would these people be taken advantage of, the liberals would see to that and Bush would sign the bill. To ensure future prosperity for these disadvantaged souls, Washington legislated regular automatic increases. One of these is set to go off on July 24.

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