Filed under: Capitalism, Economy, Education, Energy, Health Care, Media Bias, Politics, Regulation | Tags: "Do-Nothing Congress", The American Dream, The Yearly Summing-Up
I always hate the week between Christmas and New Years. The Media does the “Great Summing Up.” Lists and rankings, best and worst, biggest news stories, best photos, most notable deaths, the best books, the worst books, the funniest cartoons and the best and worst movies. These are not exactly think pieces.
The American Dream is dying, or dead. Things are really bad and only getting worse. The Least Productive Congress in History? The Do-Nothing Congress has been good for America, and if they pass few new laws, we can breathe slightly more easily. Congress passed just 70 laws, which may be too many. But Obama and Congressional Democrats planned an array of Big Government initiatives — gun control, immigration reform, a higher minimum wage, more job creation, infrastructure (again!), climate change, and education, to name only a few. Congress ended the year with none of those initiatives signed into law. And we are far better for it. No major tax hike, and the probability of a major tax hike in the next year has fallen.
Congress’ approval rating fell to a new low in a November Gallup poll at 9%, and 72% of Americans agreed that “big government” was the nation’s Number One threat. That is an encouraging opinion.
It used to be that a limited government with only modest aims was the guiding principle of nearly every Congressman. Until some sanity is restored to Congress, gridlock may be the best thing we can hope for. A year spent thoughtfully repealing useless laws, wretched excess, and governmental duplication would do us a world of good.
Markets have been encouraged by governmental inaction. Businessmen are not quite so frightened about what government might do next. In 2013, the growth oriented NASDAQ has surged 40%. Markets look six months to a year on down the road.
The EPA is facing real questions about just what ‘science’ they are relying on in their push for power and control. They are backing off their attempt to require 15% corn ethanol in gasoline, which will save many cars and all sorts of small engines. Inaction from the EPA would be a real boon to the economy.
The Democratic majority is running scared from the ObamaCare disaster and its potential influence on the 2014 election. The President is not going to win back the approval of the American people easily. The economy might survive after all. Let’s hear it for gridlock, and root for another do-nothing year in the nation’s capitol.