One of President Obama’s themes is, when talking about the economy, to say, “We tried it the old way, and it didn’t work. We need to do something different” (or some version thereof). He’s never really clear on what “that way” or “the old way” or whatever phrasing he’s using is. He’s also not really [...]
Browsing Posts in Crony Capitalism
How does capitalism work in its most pure form? 1. Someone thinks of a way to meet the needs and/or desires of other people, figures out how to meet those needs and/or desires for a price other people will be willing to pay, successfully alerts people that he has a product or service, then provides [...]
I have to admit, I didn’t listen to the SOTU last night. To be honest, I can’t stand to hear Obama speak. His cadences drive me crazy and his content is so divorced from reality that I just get angry. However, I read recaps and printed excerpts. Again, the man talked about some nebulous concept [...]
I want to bring two seemingly unrelated things together today under one umbrella. Unfortunately, that umbrella is: economic ignorance. I’ve stated multiple times in the past, even though it should completely go without saying at this point, that President Obama is economically illiterate. He has absolutely no clue how wealth is created, how jobs are [...]
People are criticizing Mitt Romney for his work at Bain Capital. It seems that people lost their jobs after Mitt came. What did Mitt come to do? Bain was in the business of buying troubled companies, turning them around (if possible) and reselling them at a profit. A profit to whom? A profit to investors [...]
The other day I caught the last five minutes of “The Outlaw Josie Wales” on television. At the very end, Josie (Clint Eastwood) says, “I reckon we all died a little in that damned war.” (or something like that) I’ve been thinking about our candidates and the Republican party and I think Josie’s sentiment about [...]
I’ve been reading a lot lately on the crash of 2008, as well as about the current conversation about the state of our economy. From the left I hear about eeeevile! corporations. From the right I hear about capitalism and the wonders that can be provided by it. Frankly, this blog is dedicated to the [...]
I was reading Mark Steyn and he wrote a line that I’m sure I’ve read before, perhaps in some other form, but it suddenly struck me like a bolt of truth lightning: Funding non-productivity is now the principal purpose of the modern state. Think about that for a moment. Medicaid. Food Stamps. Medicare. 99 weeks [...]
There is a longstanding meme that the Republicans are the party of big business, that we are somehow in the pocket of big business. Wall Street runs our politicians. We do anything to support the rich and powerful. This is hogwash. Wall Street gave more money to Obama than they did to McCain. GE is [...]
You Have to Earn it First
Why don’t teams playing in the Super Bowl grab the Lombardi trophy and start celebrating before the game? Because you have to earn it first. That’s the way it is with the goodies in life. The government needs to understand this simple precept. People who want more government spending need to understand it. The government [...]