Filed under: Bureaucracy, Capitalism, Domestic Policy, Economy, Foreign Policy, Free Markets, Politics, Progressivism, The Constitution, The United States | Tags: "Obama's Last Lecture", Obama's Speech to the UN, President Barack Obama
President Obama delivered his final address to the U.N General assembly on Tuesday. I listened to a bit online, and decided to get the transcript, as I prefer to read it unadulterated. The Wall Street Journal headline over their commentary was “Obama’s Last Lecture,” and my immediate response was “Please God, Make It So.” President Obama started right off to tell the delegates just what an impressive difference he had made in the world and how very important it was. As usual, it was all about him.
From the depths of the greatest financial crisis of our time, we coordinated our response to avoid further catastrophe and return the global economy to growth. We’ve taken away terrorist safe havens, strengthened the nonproliferation regime, resolved the Iranian nuclear issue through diplomacy. We opened relations with Cuba, helped Colombia end Latin America’s longest war, and we welcome a democratically elected leader of Myanmar to this Assembly. Our assistance is helping people feed themselves, care for the sick, power communities across Africa, and promote models of development rather than dependence. And we have made international institutions like the World Bank and the International Monetary Fund more representative, while establishing a framework to protect our planet from the ravages of climate change.
This is important work. It has made a real difference in the lives of our people. And it could not have happened had we not worked together. And yet, around the globe we are seeing the same forces of global integration that have made us interdependent also expose deep fault lines in the existing international order.
We see it in the headlines every day. Around the world, refugees flow across borders in flight from brutal conflict. Financial disruptions continue to weigh upon our workers and entire communities. Across vast swaths of the Middle East, basic security, basic order has broken down. We see too many governments muzzling journalists, and quashing dissent, and censoring the flow of information. Terrorist networks use social media to prey upon the minds of our youth, endangering open societies and spurring anger against innocent immigrants and Muslims. Powerful nations contest the constraints placed on them by international law.
He hit all his favorite progressive notes: inequality, the one percent controlling all the wealth, beggar thy neighbors policies, injustice undermining people’s faith in the system, soulless capitalism, the gap between rich and poor, and I loved this one: “with further investment in infrastructure and early childhood education and basic research, I’m confident that such progress will continue.” About infrastructure, remember there weren’t any shovel-ready jobs. It has been a dismal eight years, with no real recovery, an economy never reaching even a basic 3% growth, an economy burdened by excessive regulation, overreaching controls, and of course the constant pursuit of some way, any way, to stop the normal warming and cooling of our planet, on which he has squandered billions to no avail whatsoever.
On the other hand he’s for democracy, our democratic Constitution, our Bill of Rights and the ideals which let our ordinary people organize and march and protest. The American narrative, I guess. It was a lecture.
The speech is here if you want to read it.
Filed under: Bureaucracy, Capitalism, Domestic Policy, Economics, Economy, Free Markets, Freedom, Politics, Regulation, Taxes, The United States, Unemployment | Tags: Economic Mistakes, Praeger University, Steve Forbes
Filed under: Bureaucracy, Capitalism, Domestic Policy, Economy, Unemployment
“Historically, firms finance increases in the minimum wage
by laying off minimum wage workers.”
Filed under: Bureaucracy, Capitalism, Domestic Policy, Economy, Free Markets, Freedom, History | Tags: International Trade, Protectionism Doesn't Work, Why It's a Good Thing
From economist Mark Perry st AEI: The quotation of the day on international trade comes from President Ronald Reagan’s radio address to the nation on international trade on August 6, 1983:
The winds and waters of commerce carry opportunities that help nations grow and bring citizens of the world closer together. Put simply, increased trade spells more jobs, higher earnings, better products, less inflation, and cooperation over confrontation. The freer the flow of world trade, the stronger the tides for economic progress and peace among nations.
I’ve seen in my lifetime what happens when leaders forget these timeless principles. They seek to protect industries and jobs, but they end up doing the opposite. One economic lesson of the 1930s is protectionism increases international tensions. We bought less from our trading partners, but then they bought less from us. Economic growth dried up. World trade contracted by over 60 percent, and we had the Great Depression.
Filed under: Capitalism, Cool Site of the Day, Education, Foreign Policy, Free Markets, Freedom, Heartwarming, History, Immigration, Media Bias, Politics, The Constitution, The United States | Tags: Constitution Day, Independence Hall, September 17 - 1787
Today is Constitution Day, September 17, celebrating the ratification of the United States Constitution on September 17, 1787. If you are unfamiliar with the day of celebration, you may be forgiven, for it was only established in 2004, and to further confuse matters, if it occurs on a weekend it is celebrated in schools and government offices on the closest weekday, so they supposedly celebrated yesterday. Check with your child if you have one in school.
The law establishing the American federal observance was created with an amendment by Senator Robert Byrd to the Omnibus spending bill of 2004, and mandates that all publicly funded educational institutions, and all federal agencies provide educational programming on the history of the American Constitution on September 17, 1787. It is also Citizenship Day, commemorating the coming of age or by naturalization, of those who have become citizens. (What? You’re not a citizen until you turn 18?)
Iowa schools started celebrating in 1911, and there’s a long history of attempts to make it a national celebration, which aren’t really important anyway. What is important is that a recent survey determined that most college students had no idea who James Madison was, or why he was important. And were astonished to learn that slavery was not practiced only in the United States. No idea of Muslim raids on the British Isles to capture British slaves, or of Muslim slave traders caravans up from ‘darkest Africa’, nor of American Indian slaves. Schools across the country have become very lax in the teaching of American History. And our college students have no idea why the Constitution is a big deal. Oddly enough, the institution that makes the most of American history and the study of the Constitution is Hillsdale College, which receives no federal funding at all. Here is Dr. Larry P. Arn, President of Hillsdale College explaining why they study the Constitution.