American Elephants

What Do You Do About the Rich? And What Do You Do About the Poor? And What About All Those Folks In Between? by The Elephant's Child
June 16, 2009, 12:34 am
Filed under: Capitalism, Economy, Freedom | Tags: , ,

Economist Daniel Mitchell of the Cato Institute does a wonderful job of explaining economic concepts in an easy to understand way.  Or perhaps you just need what you know instinctively reinforced.  Dr. Mitchell is your man.  He offers you the arguments you need in your next conversation with a Liberal.  Enjoy.

That is a truly amazing tie.


Obama’s message machine launches a new war. You are not supposed to disagree with Obama! by The Elephant's Child

The White House, beginning Sunday, will harness every part of the Democratic Party’s machinery to defend the indefensible.  They will defend President Obama’s budget and portray Republicans as reflexively political, according to party strategists.

A participant in the planning meetings described the push as a successor to Democrats’ silly message that Rush Limbaugh is the Republican party leader.  “We have exhausted the use of Rush as an attention-getter,” the official said.

O.K. I added a bit of editorial comment there.   The Democrats have majorities in both houses of Congress.  They can pass pretty much what they want to, but some Democrats are rapidly losing enthusiasm, and at least Republicans know what is damaging to the country.

Democrats  plan to hammer the idea that Republicans are just saying “no” to the president’s budget plans without offering their own alternative. Hmmph.  Seems to me that we have loudly been offering alternatives for some time.  Like suggesting that trying to do everything at once was a poor idea.  Or indicating that health care, energy, the environment and education are all hugely expensive policies that will involve not only vast costs, but will raise taxes on everyone — in the middle of a recession.  Very bad idea.  A cap-and-trade policy alone is estimated to raise every family’s energy costs by over $300 a month.  Contrary to claims, health care will not save money — even Obama’s budget director has said that it will be far more expensive than it has been portrayed.

The permanent campaign is ratcheting up.  All those folks who gave Obama their email address will be asked to pledge their support.  Perhaps they haven’t heard that Obama’s budget calls for the largest deficit in U.S. history and a doubling of the national debt to $23 trillion by 2019.  The message is designed to distract from the size of the budget, and by trying to smear Republicans with “political motivation” they hope to keep wavering Democrats on the party line.

New ads will call “No Responsibility”, but how can anyone claim that trillions in new spending is responsible?  The budget spends too much, taxes too much and borrows too much, and does way too many of the wrong things.

Liberalism Causes Outsourcing by American Elephant
March 12, 2009, 9:38 am
Filed under: Economy, Freedom, Liberalism, Politics | Tags: , ,

Increasing taxation and regulation makes it harder for business to compete. The higher the taxes and regulation, the less competitive industry can be. The failed American auto industry is only the latest glaring example of what liberalism does to American business and American jobs.

It’s no wonder that corporations are fleeing the country to escape tax-hungry Democrats

Cut corporate taxes, stop onerous regulation, create incentive, create jobs, turn the economy around. Even JFK understood it.

Rule 1. Do Not Raise Taxes During a Recession. Rule 2. Do Not Tax Things That Do Not Exist. by The Elephant's Child

The Space and Science Research Center and its parent company Verity Management Services, Inc. have sent a letter to President Obama.  According to John Casey, President of Verity and Director of the Space and Science Research Center:

Now that global warming has ended, the attempt to legislate and then impose cap and trade schemes on the American tax payer and their businesses can only be described as highly speculative and may well end up in violation of state and federal laws that govern securities and similar financial platforms.  It is sheer folly to force an unnecessary and gigantic tax or fee structure on something that does not exist, especially in the present difficult financial times when the taxpayers and businesses are struggling to stay in their homes or keep their doors open.

Here we are rapidly moving into the worst cold climate era our planet has seen in over 200 years without the first dollar being spent to get our nation ready.  And yet the Obama administration is blindly “rushing off a cliff” planning to tax our people over $500 billion with carbon control programs over the next ten years to combat a climate that simply does not exist and one erroneously based on a common gas that many scientists have shown has little harmful effect on the climate.  The overall situation has just  made much worse and now has the potential of increasing the suffering in our nation as we go into a deepening recession and have to deal with the rapidly approaching and likely dangerous cold period, completely unprepared.   Read the whole thing here….

Carbon Dioxide (CO2) is a colorless, harmless gas that we breathe out every time we exhale.  It is not a pollutant, despite the silly ruling by the Supreme Court. It is not a cause of global warming, for increases in CO2 occur long after increases in temperature. Now, when the planet is cooling as it has been for the past decade, CO2 is still increasing.

CO2 in the atmosphere is plant fertilizer.  Remember photosynthesis from high school biology? The optimum amount of CO2 in our atmosphere would be much, much higher, and it not only fertilizes plants, but protects them from cold.  There is no reason whatsoever to tax carbon, ban carbon, sequester carbon or even to try to reduce it.

President Obama is counting on vast income from his cap-and-trade policy to offset his stimulus and bailouts.  Europe’s cap-and-trade program is a failure, and permits are almost worthless.  The damage that the program has done to European economies is beginning to be understood. Europe’s heavy investment in wind farms and solar has not resulted in any reduction in CO2 at all.

Economists warn that raising taxes in the midst of a recession is a mistake and likely to make things worse.  A tax on something that does not exist, that will fall heavily on every household during an economic crisis is beyond foolish.

Barack Obama, Equity Analyst. Or something like that. by The Elephant's Child

And here we have President Barack Obama pushing a bright economic future and recommending the stock market that he has pushed down to disastrous levels — in the long term.  Here’s Rich Lowry in the New York Post:

When President Barack Obama wanted to push an $800 billion “stimulus” or “recovery” bill through Congress a few weeks ago; he thought an atmosphere of economic crisis helped his cause.  So he repeatedly warned of “catastrophe,” of “a crisis that, at some point, we may not be able to reverse.”

Only a week later, Obama moved on to his next priority.  He proposed a vast federal budget that will spend $3,600,000,000,000 next year and $5,300,000,000,000 more in the next 10 years than the Congressional Budget Office was projecting  just last year.

To get the money for this huge explosion of the budget, Obama makes the assumption that the economy will be recovering at a nice clip next year, at a 3.2 percent annual rate.  Rich Lowry asks:

What happened to the looming cataclysm?

The “recovery package” passed, and its passage has suddenly brightened the future of the economy. Isn’t that wonderful?

But how can an extra $220 billion in extra government spending in 2010 make the difference between irreversible catastrophe and comfortable growth in a $14 trillion economy?  Of course, it can’t.  Obama was exaggerating the crisis two weeks ago so he could get more spending, and now he’s exaggerating the upside, so he can get more spending.  The object is a vastly expanded government, and spending is more important to him than either recovery or financial health.

I write these numbers out with all their zeroes just to impress you. I hope that they do.

P.S. Did you notice that our mathematically challenged President referred to the “Profit – Earnings relationship?”  Can we say price-earnings ratio?

Did Rush say he wanted the economy to fail? by The Elephant's Child

Rush Limbaugh’s speech to CPAC has been widely discussed today, particularly in light of Michael Steele’s odd remark when he referred to Limbaugh as an ‘entertainer” whose show can be “incendiary.” Steele has since apologized.  But the discussion, such as it is, from both sides of the political divide, has widely missed the point.

Rush did as fine a job as I can remember ever hearing,  of articulating basic conservative principles and belief in America.    He tweaked liberals, of course, but as a matter of disagreeing with their basic principles and the results of their policies.

Let me tell you who we conservatives are: We love people.  When we look out over the United States of America, when we are anywhere, when we see a group of people, such as this or anywhere, we see Americans.  We see human beings.  We don’t see groups.  We don’t see victims.  We don’t see people we want to exploit.  What we see — what we see is potential. We do not look out across the country and see the average American, the person that makes this country work.  We do not see that person with contempt.  We don’t think that person doesn’t have what it takes.  We believe that person can be the best he or she wants to be if certain things are just removed from their path like onerous taxes, regulations, and too much government. …

We don’t want to tell anybody how to live.  That’s up to you.  If you want to make the best of yourself, feel free.  If you want to ruin your life, we’ll try to stop it, but it’s a waste.  We look over the country as it is today, we see so much waste, human potential that’s been destroyed by 50 years of a welfare state.

Rush said that “more people than you know live their lives as conservatives in one degree or another.  And he said:

Spending  a nation into generational debt is not an act of compassion.  All politicians are temporary stewards of our country.  It is not their task to tear it down and rebuild it in their image.

The differences come in definitions of what is policy and what is principle. Principle involves inalienable rights to life, liberty and the pursuit of happiness; adherence to the Constitution;  the rule of law and respect for the history of America.  Principle says all men are created equal and you can make of yourself what you will, that we’ll help you if you’re down, but we expect you to stand on your own two feet if you can.  Policy says that people who are more successful need to support those who made poor choices,because it is not fair for some people to be more successful than others.

Rush reminded us that Barack Obama is spending wealth that has not yet been created.  If it was about paying for it, he wouldn’t do it because we can’t afford it.  It isn’t about paying for it, it is about control.

You might keep that in mind.

Daniel Mitchell is Back, Explaining Economic Growth. by The Elephant's Child
February 19, 2009, 2:34 am
Filed under: Economy, Freedom, The Constitution | Tags: , ,

Daniel Mitchell, economist with the CATO Institute, has done a fine job of explaining the current economic crisis and what should be done about it.  He is always worth your time.  Scroll down for his previous videos.  (They can be seen here, and here.)

(h/t Hot Air)

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