American Elephants


Why Intellectuals Hate Capitalism by The Elephant's Child

John Mackey, CEO of Whole Foods explains why Intellectuals hate Capitalism. Professors at our Universities have long seethed with envy when they see the published income of corporate CEOs. After all, they have PhDs, it is their ability to pass on real knowledge that made these upstarts able to become corporate big shots. If you wondered why college tuition has so far eclipsed any rise in the economy, part of it is the demands of professors to receive what they believe to be their due emolument. This video is from August 2015, pre-Amazon, but illuminating nevertheless. It explains a lot.



Victor Davis Hanson Speaks on the Problem of California by The Elephant's Child

Dr. Hanson speaks of the wealthiest state, the Golden State, and where has California gone wrong? California was supposed to be the answer or the guide to a better future for the rest of the world, with the best climate, the best universities, the most beautiful state with lovely beaches, redwood forests, Yosemite, Lake Tahoe, bountiful farmlands and citrus groves — what happened? This is the San Mateo County “Progress Seminar 2017” held in May. Hanson is a renowned historian, emeritus professor of Classics at Cal State University at Fresno, fellow at the Hoover Institution at Stanford University,  5th generation Central Valley farmer, and author of at least two dozen books.  If you’re not from California, why should you care?

Though he talks about what is going wrong in California, it is also what is going on in perhaps lesser ways in the rest of the country.  The cities of so many dreams have become unaffordable,  business is leaving for more welcoming states, a heavy tax burden, water problems, energy problems, a coastal elite and impoverished Central Valley. Hanson has retained all of his worlds, which inform his scholarship and views on modern life and the long span of history since the days of ancient Greece.



The Trump Agenda for Achieving 3% Economic Growth by The Elephant's Child

The overarching goal of the Trump administration is to Make America Great Again, which means promoting MAGAnomics—sustained 3% economic growth. That’s Mick Mulvaney, director of the Office of Management and Budget, writing in the Wall Street Journal on Wednesday.

For most of our nation’s modern history, a healthy American economy meant one that grew at roughly 3.5%. That was the average growth rate between the late 1940s and 2007. Since then, it has hardly topped 2%.

The difference between those two growth rates is staggering. If the American economy had grown at only 2% between the end of World War II and 2000, average household income would have been roughly $26,000 instead of $50,000.

Over the next 10 years, 3% growth instead of 2% will yield a nominal gross domestic product that is $16 trillion larger, federal government revenues $2.9 trillion greater, and wages and salaries of American workers $7 trillion higher.

What’s involved? Tax Reform: Encouraging capital investment will boost productivity. When businesses have more money to invest in plants and equipment, it means hiring more people who produce more. Lower tax rates reduce the cost of capital and thus ignite economic growth. 70% of business income goes to wages, so the benefits flow to workers as well.

Controlling unnecessary regulation: Regulations often turn out to be far more burdensome than the regulators realized, and they increase the cost of doing business. The EPA has been extravagant with overzealous environmental regulations and have pushed many businesses overseas. Realistic cost-benefit analysis helps to protect jobs as well as keeping the environment.

Welfare reform: Many people who could be working are staying home. We need them to go back to work, but the welfare system creates disincentives for those who seek work. Welfare reform will ensure that those who are truly in need of help will get it, but does not encourage people to stay home.

Smart energy strategy: Cheaper, cleaner, more abundant energy will increase investment and employment across many industries. Reliable supplies and stable prices will reduce uncertainty especially in the manufacturing sector and reduce the risks of building new plants and hiring more workers.

Fair Trade is already beginning to work. Government spending restraint is currently visible in the White House budget, and has the entire government at work figuring out how to accomplish more with less waste and more efficiency. Private investment allocates capital more efficiently than government. Rebuilding America’s infrastructure will create more jobs, but environmental restrictions and bureaucratic red tape can play hob with the best intentions.

The Founders may never have expected in their wildest dreams the enormous bureaucracy of our nation’s capitol, but they were very familiar with human nature and its flaws—and that doesn’t change. The Constitution was intended to slow things down, to require more consideration and more responsibility. MAGAnomics is intended to set the stage for the greatest revival of the economy since the early 1980s. It will remind people what a great America means.

Sounds like a good plan to me.



Ranking the States for their Fiscal Reliability by The Elephant's Child

Here in greater Seattle, following national publicity surrounding the Seattle debacle with raising the minimum wage, the Seattle City Council has determined that it would be a good idea to raise taxes on the rich.  They passed an ordinance.  It will be challenged in court, for the Washington state constitution says they can’t have an income tax, and their plan clearly defines who is rich and who is richer, and has to pay even more.

Several states have decided to raise taxes this year to cover budget shortfalls. A new study suggests that the states might find themselves in worse financial shape after the money starts rolling in. (Leftists do not understand the free market. That’s why they are Leftists.)

According to the latest ranking of states by the Mercatus Center at George Mason University, the most fiscally sound states in the country are all low-tax, GOP strongholds, while the 10 least-solvent states are almost all high-tax and heavily Democratic.

The rankings in the fourth-annual “Ranking of the States by Fiscal Condition” report, which was released this morning, are based on an review of audited financial statements for 2015 covering five measures that gauge the states’ ability to pay their bills, avoid budget deficits,  meet long-term spending needs and cover pension liabilities.

Cash solvency measures a state’s ability to pay immediate bills. Budget solvency focuses on whether states will end the year with a surplus or deficit. Service-level solvency gauges a state’s ability to meet a demand for increased spending. Long-run solvency concerns a states’ ability to meet longer-term spending commitments. Trust fund solvency  examines the states’ unfunded pension liabilities and state debt.

The 25 most-solvent states are solidly Republican except for four. Of the bottom least-solvent states, all but five are solidly Democratic. The most fiscally sound states also tend to have the lowest tax burdens, according to a separate analysis by the Tax Foundation.

The Mercatus Center Analysis can be found here, along with a map which includes more separation of the states into groups. The bottom line seems to be that the more money the state government takes from taxpayers, the worse they do in handling it. That should be surprising, but it’s not.



It’s No Wonder the American People Are So Confused! by The Elephant's Child

While everyone is looking the other way, notably at Trump and Twitter, President Trump has announced plans to make the United States a global energy powerhouse. He has already taken steps toward unleashing domestic energy supplies, but he announced six more steps that he plans to take: reviving nuclear energy, removing barriers to building coal plants overseas, building more energy pipelines including one into Mexico, increasing exports of natural gas and creating a new offshore-leasing program.

Turkey threatens not to ratify the Paris Climate Accord.  Turkey’s President Recep Erdogan admits the only reason for signing was to get money from the U.S. and other wealthy nations. Now that the U.S. has pulled out of the accord, there’s no reason to expect the financial benefits. Proving once again that the Paris Climate Treaty (which we never signed) had nothing to do with climate, but only with redistributing economic wealth.

New York magazine has an article by one David Wallace-Wells titled “The Uninhabitable Earth,” subtitled “Famine, economic collapse, a sun that cooks us: What climate change could wreak—sooner than you think.”

Yale Poll finds: 4 in 10 Americans (39%) think ‘global warming will cause humans to become extinct.

Bombshell study: Temperature Adjustments Account for ‘Nearly All of the Warming’ in Government Climate Data.

President Trump demanded and obtained a clear statement of the U.S. rejection of the Paris Climate Agreement and just as important, a statement recognizing the appropriate role of efficient use of fossil fuels as an energy resource for the future.

July o9, 2017: It was just reported that Greenland set a new all-time July cold record, where the mercury plummeted to -33ºC.

Famed MIT Climate Scientist Dr. Ricard Lindzen: Believing CO² controls the climate “is pretty close to believing in magic.”

If you are interested, Climate Depot and CFact have produced a new Talking Points memo, an A-Z  Debunking of Climate Claims



Trump Talks Tough, Trading Partners Pay Attention by The Elephant's Child

A study from Britain suggests that President Trump’s aggressive statements on trade may actually be influencing some of our trading partners. Critics suggested that Trumps blunt talk on trade fairness would alienate trade partners or even start trade wars. But the Center for Economic Policy Research in London reported that the other 19 G-20 economies steps, like quotas, duties or tariffs on U.S. imports are down by 29% since the first six months of last year, under a different administration.

Trump has ranted in public remarks and even tweets about the global playing field being tilted against U.S. trade. Trump sounds dangerous, and is clear about what is troubling him. Simon Everett, a professor of economics at St. Gallen University in Switzerland, one of the authors of the Global Trade Alert, wrote:

The G20 countries that had hit U.S. interests more often before President Trump was elected are the very G20 countries that have cut back on protectionism the most in 2017,” said . “Why should [they] do that unless they feared being singled out for retaliation?

On another front, the Trump administration has increased its efforts to deport criminal illegal immigrants by getting their home countries to stop blocking the transfers and take them back. Immigration and Customs Enforcement (ICE) said that working with their partners at the Department of State, they have made significant improvement to cooperation on removals. The number of recalcitrant countries has dropped from 23 in May 2016 to 12 in May 2017, an ICE official said. Sanctuary cities will find that the president means business with them as well.

Recently, US courts have interfered. Last month, courts blocked the administration from deporting more than 1,000 Iraqis with horrific criminal records, claiming they might fact threats back home. ICE and the State Department have the legislative authority to punish countries refusing to take their own people back, by threatening to cut off their visa privileges, for example.We take our right to sovereign independence seriously. They need to understand that.

There’s lots of progress being made, even with some very difficult programs, although it gets no mention in the mainstream media. They’re just too focused on finding Russian connections or contacts to notice. Not that they would mention any accomplishment by the Trump administration anyway. I think we’ve established that they have some rather strange ideas about what the profession of journalism requires.



Here’s the Left’s Bizarre Reaction to Trump’s Poland Speech by The Elephant's Child

John Hinderaker has summed up the leftist view of the President’s speech to the Polish people, with their offending quotations, clearly demonstrating how the left’s boat has slipped it’s moorings, so to speak. They have made it quite clear to anyone who might be interested that they hate and despise Western Civilization. Trump’s superb speech was a spirited defense of the West which to these loonies apparently means “white nationalism.”

Why white? Trump certainly did not allude to race in any way.  I guess Democrats are just too sensitive on their own history of race to the extent that it has become obsessive. Because of their obsession with race, they refuse to recognize the very real threat from violent Islamic jihad, endangering us all in the process.

Short article headlined — “It’s True: Liberals Hate Western Civilization.”

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And if you enjoy reading conservative comment on Leftist excess, as I do, here’s another from Noah Rothman: “Swelling the Enemy’s Ranks

It may be past time to get Western Civ back into the curriculum at all levels.




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