Filed under: Capitalism, Economy, Election 2012, History, Progressivism | Tags: A No-Growth Economy, Clive Thompson, Progressivism
After eight years of a presidency that liberals despised, presided over by a man who smirks, and squints and mispronounces ‘nuclear’, a man you have likened to Hitler and evil incarnate, you finally get a man who, endowed with a halo, seems to represent everything good in liberalism — elected to the White House.
Then after nearly four years, that man has not only failed to fix a failing economy. but made it far, far worse. What to do? Troy Senik at Ricochet points us to a “barking mad” article by Mother Jones’ Clive Thompson. Thompson proposes the idea that the nation should actually be aspiring towards an economy with no growth.
To move away from growth, we’ll all have to work a lot less…Handled correctly, this could bring about an explosion of free time that could utterly transform the way we live, no-growth economists say. It could lead to a renaissance in the arts and sciences, as well as a reconnection with the natural world. Parents with lighter workloads could home-school their children if they liked, or look after sick relatives—dramatically reshaping the landscape of education and elder care.
The vexing reality is that the no-growth thinkers simply don’t know how things would shake out. We don’t have any realistic examples to learn from, after all. In the past, the only no-growth societies were agrarian or consisted of hunter-gatherers.
This is just another emanation of Progressivism, way behind the times, as usual. The no-growth idea dates back to the Club of Rome’s 1972 book Limits to Growth, and Rachel Carson’s 1962 book Silent Spring — books that created quite a stir at the time — but have been thoroughly debunked in the last 50 years.
I guess that if you cannot figure out how to improve the economy or create jobs, and the Democrats clearly cannot, then a no-growth economy sounds like a possible answer.
This is so unbelievably obvious. You have an enormous group of people,
businessmen, workers, corporate officers, economists, and Republicans in general waving their hands and shouting “Hey! Over here” “Cut Taxes, Cut Spending, Cut Regulation” and the Progressives sneer and go on beating their heads against the wall whining that “We need another stimulus!”
I think we have pretty much exhausted the possibilities of pumping money into the economy. We have stimulused and stimulused and our Total Public Debt is now up to $15,729,949, and the Statutory Debt Limit — rapidly approaching — is $16,394,000.
“Maybe each $1 of new federal spending doesn’t produce a multiplier of 1.5 times that in added output. Maybe the historic burst of regulation of the last three years has harmed business confidence and job creation. And maybe the uncertainty that comes from helter-skelter fiscal and monetary policy has dampened the animal spirits needed for a durable expansion. On Friday, the same architects who designed this economy built to stall were calling for one more rescue by the Fed.”
If you are going to look to history for ideas on how to help the economy to recover, you might want to look at ideas that have actually worked in the past.
Filed under: Capitalism, Economy, Taxes | Tags: Democrat Corruption, Progressivism
Just a quick reminder. The Liberals in Washington are concerned about more taxes, bringing in more income, finding new things to tax and new ways to tax. Taxing wheelchairs seems more than a little crass. Taxing Tanning Salons seems silly, a VAT is terrifying, but anything is better than having to cut spending.
The British Government’s response to the financial crisis is to pay no attention, the Irish Government is taking quick decisive action. Ireland had embraced policies of low taxation, and transformed from one of the poorest countries in Europe to one of the richest. Financial services had become a huge part of Ireland’s economy— leaving the country vulnerable.
The world recession has hit Ireland hard. Finance Minister Brian Lenihan rejected resorting to a rise in taxes, saying “We will not create jobs by increasing the penalty on work and investment.”
Perhaps we could embroider that line on little samplers and send them off to Congress.
Highly paid public sector workers face 20 percent pay cuts, the Taoiseach is taking a huge cut in salary. Everyone else gets their salary cut, in decreasing amounts as salaries get smaller. Only pensioners do not get a cut.
Meanwhile, back in England — The voters say “Don’t raise taxes, cut spending,” and give Tory leader David Cameron an 11 percent lead.
Filed under: Foreign Policy, Middle East, National Security, Terrorism | Tags: Changing the Language, Fighting Terrorism, Progressivism
Wasn’t it Janet Napolitano, Secretary of Homeland Security, who came up with the memorable phrase “Man-Caused Disaster” to cover such events as the 9/11 attack on the Twin Towers? Then there was the Fort Hood Massacre, and the Christmas Day airline bombing attempt. A full one-third of radical Islamist attacks on the United States have occurred in 2009, on Obama’s watch.
We’re back to improving our vocabulary. President Obama’s advisers plan to remove such terms as “Islamic radicalism” from national security strategy documents. New euphemisms will emphasize that the United States does not view Muslim nations “through the lens of terrorism.” Obama apparently believes that the previous administration based that relationship entirely on fighting terrorism. Goodness, we certainly don’t want to offend.
The previous document that outlined the strategy of the Bush Doctrine states that “The struggle against militant Islamic radicalism is the great ideological conflict of the early years of the 21st century.” This possibly had something to do with radical jihadists who are ideologically motivated to slaughter Americans and shout “Death to America and Death to Israel.”
Obama’s Global Engagement Directorate, a 4– person team, is pursuing a “new beginning” in the relationship that will invest in Muslim businesses, study global warming, combat polio and support scientific research and health care. When officials from NOAA returned from Indonesia , the NSC got a rundown about research opportunities on global warming. Well, they’re a little too late on that one. I didn’t know we had “Directorates” here.
Most Muslims are not going to strap on bomb belts, nor plant roadside bombs, but the number who approve of such action is larger that those who take action. The Mullahs in Tehran continue to pursue nuclear weapons, they cheerfully execute their own citizens who dare to dissent, and they fund terrorists all over the world who will attack the West or America or Israel.
Changing the dialogue from terrorism to cooperation is a significantly unserious approach to foreign policy. Renouncing nuclear weapons will please the anti-war left and do nothing to improve American security. Sounds more like the effluence of a late-night gab session in a college dorm than serious efforts at National Security.
There’s a reason why everyone laughed at “Man-Caused Disaster.” Iran’s nuclear ambitions are unchanged, the world is a dangerous place, and Obama appears tone-deaf. The Obama Team insists that they do too take terrorism seriously. It’s just not very apparent.
Filed under: Capitalism, Economy, Freedom, Statism | Tags: Anti-Business Mindset, Democrat lies, Progressivism
From the Wall Street Journal”s “Notable and Quotable” column.
Heather MacDonald writing at secularright.org, Dec. 26:
The anti-business mindset . . . is worthy of a pampered adolescent who is searching for a cause with which to display his unique moral sensibility. It is not worthy of an adult who should be able to use his imagination, if not actual experience, to appreciate the extraordinary human effort that has gone into creating the delightful tools that we daily take for granted. On my desk sit various humble objects—a tiny clock, a stapler, a paper clip box, a Lucite cook book stand for holding up drafts and other papers while I type. Each object represents a fractal geometry of complexity, composed as it is of parts that themselves require enterprise to manufacture, assemble, and deliver, all born along on waves of energy and infrastructure to which yet another set of entrepreneurs contributed. The fact that all of those distributors and manufacturers tried to make a profit does not detract from the fact that they offered goods which enhance our lives. . . .
It is the ingratitude that kills me the most among anti-business types. The materials that furnish a single room in an American home required daring, perseverance, and organizational skill from millions of individuals over generations. I hope they all got filthy rich.
Filed under: Domestic Policy, Humor, News, Politics | Tags: Crime/Law Enforcement, Debunking Liberal Lies, Democrat Corruption, Democrat Demagogues, Democrat Lies/Dirty Tricks, Democrats, Election 2008, Elliot Spitzer, liberalism, Progressivism
Democrat Governor Elliot Spitzer got a little lost on the way to “Responsibility Road.” Picking up prostitutes on “Trustworthy Turnpike”, laundering money on “Honesty Road”, and evading taxes on “Integrity Lane”…
Yeah, that pretty much sums up Democrat integrity.
investigations fishing-expeditions yielding absolutely squat into demonstrably phony charges trumped up against the Bush administration. Yet when the man they hold up as a “rising star”, and man of “law and order” is caught hiring hookers, laundering money and evading taxes, their silence is deafening.