Filed under: Bureaucracy, Capitalism, Crime, Domestic Policy, Economics, Economy, Education, Environment, Foreign Policy, Health Care, Immigration, Law, National Security, Politics, Regulation, Taxes, Unemployment | Tags: Donald Trump, Matthew Continetti, President Barack Obama
Matthew Continetti, writing at the Washington Free Beacon today, said “Donald Trump has become the Republican frontrunner because GOP primary voters want an outsider who is angry at the condition of the country and the party establishment.” this really struck me — because it is just dead wrong. I don’t know whether Continetti is correct or not, but if GOP primary voters assume that Donald Trump is an outsider, they are mistaken. Mr. Trump is the ultimate insider.
He has told us so repeatedly. Trump explains that he donates to both parties because he is in business, and that’s just what you do. Of course. He donates because he is buying access. If he gives a significant sum to a politician, whether a national candidate, a state candidate or someone in city administration, they will see him when he calls. They will look with favor, if they are able, to his requests, favor at least partly, his side of the latest ‘deal.’ That is by nature — an insider. That’s how you make deals.
Forgive me, but the party “establishment,” whoever that is: Party Chairman Reince Priebus? Senate Majority Leader Mitch McConnell? House Speaker Paul Ryan? Who precisely are you angry at and why? The Republican “establishment” did not pass ObamaCare, but have voted to repeal it in full six times, and in part over 50 times.
Those changes that you resent so much are a direct result of President Obama having a House and a Senate with Democrats in charge, and Republicans couldn’t do a thing about it. Even when the voters revolted and gave control of the House and the Senate to Republicans, there was little that they could do beyond putting a bill on the president’s desk, which he promptly vetoed, as he has. Shut down the government? That only frightens voters who fear that they won’t get their Social Security checks, or their welfare checks, or their food stamps, or their medical care. They depend on those payments, and shutting down the government really frightens them, and loses votes for Republicans at the polls.
The founders designed a Constitutional system that was meant to be slow, with participants thinking and arguing over potential legislation extensively to be sure that it was good legislation. They had no concept of a federal government with hundreds of agencies, departments, offices and bureaus all with the power to issue regulations. Who knew that it would take a Freedom Of Information Act (FOIA) lawsuit which could take months and years to pry loose information that Congress needed to do their work? That many arguments about authority would go to the Supreme Court for a decision, and those can take years proceeding through the courts.
Of course there should not be hundreds of agencies, departments, offices and bureaus, and they shouldn’t be issuing regulations. Congress is supposed to be making the laws, not palming them off. It is the Democrats who are in favor of BIG government, and essentially believe that most everything should be done by government. I believe Bernie Sanders recently said that charities should be abolished and the government should take that task over. It is of course about power. And that’s why Democrat plans seldom work.
If you are angry at the vast number of people who have dropped out of the labor market, the huge numbers on food stamps, the sluggish economy that Obama keeps claiming is growing and prospering — why aren’t you angry with Obama?
If you are distraught at open and unenforced borders, at illegals placed all over the country, and criminal illegals in sanctuary cities, blame the Democrats. If you are disturbed by President Obama’s announced numbers of “Syrian” refugees to be admitted to the country, Republicans are trying valiantly to stop some of these things.
If you worry about ISIS, then don’t fall for the Democrats’ propaganda about “Bush Lied, People Died.” Bush did not lie, every intelligence agency in the world believed that Saddam had WMD — and so he did. He had 500 tons of yellowcake, enough to make 168 nuclear weapons. He had vast warehouses full of “agricultural chemicals” which are the precursors of nerve gas and other poison gasses, and the chemicals that turned them into nerve gas were stored in Saddam’s scientists’ home refrigerators. ISIS has found vast stores of Saddam’s poison gas, which are still turning up. ISIS exists because Obama did not make any effort to make a status of forces agreement and just pulled all the troops out, leaving Iraq to fend for itself.
Republicans are doing what they can to prevent Obama’s overreach but as he has told us—he has a phone and a pen— and he is going to do as much as he possibly can to go around Congress and accomplish his ends with executive orders and signing statements and whatever other executive tricks he can think up. He has no intention of working with Congress at any time. Be as angry as you want, but at least direct your anger constructively at the source of the problems, not at those who are trying to remedy them.
Filed under: Bureaucracy, Capitalism, Domestic Policy, Economics, Economy, Free Markets, Regulation, Taxes, Unemployment | Tags: Average Recovery 3.9% Growth, Economic Doldrums, We Can't Reach 3%
“The United States has gone for a record of 10 straight years without reaching 3 percent growth in real Gross Domestic Product.” President Obama has consistently tried to portray the economy as recovering and growing, but the Bureau of Economic Analysis has released the data and it’s a dismal picture.
The average growth rate for economic recoveries since the 1960s is 3.9 percent. The Obama recovery is ranked at an average GDP growth rate of just 2.1 percent — among the very slowest in history.
When the economy tanks, it is usually because optimism went a little overboard. There’s usually some big precipitating event, but too many small businesses were underfinanced, and too many large businesses hired too enthusiastically, and too many unwise investments were made, and when the trigger went off, everything tanked. People get laid off, businesses contract and refine their goals, tighten up and prepare to do business more efficiently.
The longest previous stretch of years when real GDP didn’t grow by at least 3.0 percent, as calculated by the BEA, was the four-year stretch from 1930 to 1933, during the Great Depression, when President Roosevelt embarked on a program of vast experimentation with the economy and the government. There have been four other periods when real GDP growth didn’t reach 3.0 percent — 1945-1947; 1956-1958; 1980-1982 and 2001-2003. The BEA put out a press release today when it published its revised estimate for GDP growth in the 4th quarter of 2015: September, October, November and December increased at an annual rate of 1.0 percent.
No wonder the people are angry.
Senator Dan Coats (R-IN), chairs the Joint Economic Committee of the U.S. Congress. In the Annual Report of the Council of Economic Advisers sent to Congress this week, the projection that real GDP would only grow by 2.7 percent this year and less in the following two years.
“Whether it is burdensome regulations, a broken tax code or a ballooning national debt, the Obama Administration’s policies are a dead weight on the economy,” said Sen. Coats. “Under this president, we continue to see stubbornly low workforce participation and historically high long-term unemployment rates.
“In order to boost GDP, we need to overhaul our tax code and strip away unnecessary government regulations to give employers the confidence they need grow their businesses and create new jobs. Congress can take action to help grow our economy, but we need a willing partner in the White House,” said Coats.
Filed under: Capitalism, Crime, Domestic Policy, Economics, Economy, Education, Energy, Health Care, National Security, Police, Taxes, The United States, Unemployment
Andrew Malcolm, who writes at Investor’s Business Daily, posted, “unfiltered, Trump’s remarks from Sunday night at an Alabama rally. No interpretation. No commercial interruptions. No analysis. Just Donald Trump, on the eve of Super Tuesday’s voting, in his very own words. Uncensored.”
“The 69-year-old making the case for why he wants to be president of the United States, commander-in-chief for the next four years. And why other candidates should not become chief executive, or even be allowed to run.
Perhaps reading in his own words how Trump details his positions and policies will help voters evaluate him and other candidates and decide how to vote, this week or later.
Trump takes the stage at a school stadium in Madison:”
This is amazing. Amazing. I could listen to that music all day long, all day long.
Well, I want to thank you. By the way, there’s 3,000 people waiting to get in. Should we start without ‘em? Yes. Yes! That’s amazing. So this is the biggest crowd of the political season by far. We have 30,000 people. 30,000. Amazing. 30,000 people. I just want to thank everybody.
You know, we have a lot of folks in the Huntsville-Madison area, this whole area. Really thriving. You do know that, right? Really thriving. It’s doing well. And you know we’re going to keep that space program going, folks. Gotta keep it going. We’ll be doing a lot cutting. But when it comes to that, I have to tell you, we’re going to be keeping it going.
I want to thank the Benghazi guys, you met ’em, you saw ’em. So incredible. Guts. Courage. They know what happened. Amazing guys. I want to thank Mark and John for being here today. Amazing. Amazing.
The rest is here. Do read the whole thing. Learn about how Mr. Trump plans to deal with our twenty trillion national debt, his plans for dealing with ISIS, with al Qaeda, with the mess in Syria and with the Iran Deal, and Iran’s continuing work on nuclear weapons in spite of the “Deal.” And about the drastic decline in our military readiness, our Navy the size it was in 1915, and the Army the size it was in 1940. Is that adequate to meet the needs of today? And if not, how does he plan to pay for it while also shrinking the debt?
Is he concerned about the Zika virus? What about the felons President Obama has released from prison? What does he plan to do about North Korea and China’s brand new islands in the South China Sea? President Obama has planned to admit large numbers of “Syrian” Refugees, but it is suspected that many of them are actually ISIS fighters, and we have no way to vet them. Attacks on the police are growing because of #Black Lives Matter agitation, how will you handle that? ObamaCare is failing, and insurers are going broke, more and more physicians refuse to deal with ObamaCare patients. It is a program that cannot work, so how do we get government out of the health care business?
Those are just a few of my questions that Mr. Trump did not address in the first 60 minutes of Trump’s full remarks. You undoubtedly have some questions of your own.
Filed under: Capitalism, Domestic Policy, Economics, Economy, Election 2016, Freedom, History, National Security, Politics, Pop Culture, Taxes, The United States | Tags: Donald Trump, Election 2016, New York -- NY
Whether you are an admirer of the businessman from New York, or one of his detractors, you should get acquainted with this documentary made a few years back about ‘the Donald.’ It is long, but utterly fascinating. I come from the other side of the Rocky Mountains, and New York ways are not really familiar territory. We have enough trouble with the West Coast ways of Seattle and environs, and enviros. I added that last because I liked the combination, but Seattle is excessively environmentally loony.
Filed under: Bureaucracy, Capitalism, Economics, Economy, Energy, Free Markets, Freedom, Taxes, Unemployment | Tags: Economist Mark Perry, President Barack Obama, Wal-Mart Stores
—The correct minimum wage is $0.00. If you want to hire your neighbor’s 11 year old kid to mow your lawn or pull weeds, you should be able to offer him something under the current minimum wage.
The goofy Democrat line is “But you can’t raise a family on the minimum wage.” Well, no you can’t, but by the time you have a family, you should have some skills that are more useful than those of a pure beginner. We forget that employment, like everything else in the economy, depends on supply and demand. The supply of people who can do a simple minimum wage job successfully is very, very large. The supply of those who can run a giant corporation with 20 divisions, 20,000 employees and country-wide or international reach is significantly much, much smaller. The average tenure for a CEO as head of a corporation is only six years.
—Wal-Mart, America’s largest employer just announced that they will close more than 150 US stores — which will mean that 10,000 employees will lose their jobs. Shutting down underperforming stores will help to move the company back to health, when it can create more permanent jobs. Wal-Mart voluntarily raised its base wage to $9 an hour last April, but this resulted in a 10% drop in earnings. A Union backed group that has heckled the retailer to raise it’s entry level wage, was astonished. But the job losses are the direct result of the changes made at Wal-Mart.
—Here’s Economist Mark Perry at AEI with a list of ten reasons why economists object to the minimum wage.
Obama and Hillary are still pretending that women are paid less than men because America’s employers discriminate against female workers. The Left needs women to be victims, and Hillary is running on her qualifications as a woman. “Today, women account for almost half of the workforce,” Obama huffed. “But the typical woman who works full time still earns 79 cents for every dollar that the typical man does.” Bogus statistic, and Obama knows it, for it simply depends on comparing all women to all men. It has been against the law to pay women and men who do the same job differently since 1963.
Unless women stop getting married and having children, and start abandoning careers in childhood education for naval architecture, this huge gap in wages will almost certainly persist. Democrats thus can keep bringing it up every two years.
—Income inequality, the basis of the entire Democrat campaign, is a factor of demographics. Kids starting out have little income and may have big student loans, or renting an apartment or buying a used car are big expenses. There are more middle-age and old people now than there used to be, and older people tend to have more money than their younger counterparts simply because they have been earning money much longer.
A 70 year old man has been saving most of his life. He owns his home. his children are grown, he gets Social Security on retirement, and has benefited from a life-long buildup of career skills and connections and is apt to have far more money than a 30 year old. There is a clear relationship between age and the median net worth of people in every quintile. There are more old people as the baby boomers reach retirement age, and the birth rate has dropped so there are fewer young people. Do not let the Democrats fool you with their whining about Income Inequality. Sheer Demographics.
—In his remarks to the Press on Friday, when he bragged about the wonderfulness of his economy, Obama mentioned the drop in the cost of gasoline as one of his beneficial outcomes. That happened in spite of Obama, not because of Obama, as a result of the glut of oil based on Fracking. Obama’s instinctive response is to try to slap a $10 a barrel tax on oil so he can raise the cost of gasoline at the pump — while having more taxes to invest in “clean energy” which is pure waste. Obama’s wind and solar investment, in spite of the huge subsidies and grants, provide a resounding 0.3 percent of America’s energy.
(additional sentence added about equal pay for women)