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 [...]
Browsing Posts tagged market distortion
Yipee! The government is going to create manufacturing jobs by giving researchers $500 million dollars. “Today, I’m calling for all of us to come together… to spark a renaissance in American manufacturing and help our manufacturers develop the cutting-edge tools they need to compete with anyone in the world,” Obama said in a written statement. [...]
People have commented on President Obama’s statement about ATMs and other automation displacing workers (a falsehood, as the number of banks and bank tellers has grown since the introduction of ATMs in the ’70s). What disturbs me about this is different than what most are saying about it (see this at Hot Air, and this [...]
Please read this. Paul Ryan sums up the differences between the Progressive elite view, which he calls “shared scarcity” and the Free Market Capitalist view beautifully. I loved his quote from Jack Kemp: “We can’t progress as a society by using government to diminish one another. The only way we can all have more is [...]
Obama and the Democrats are always talking about the Middle Class. How government needs to help them. How Republicans want to hurt them. I thought what defined being a hard-working, independent middle class American was… well, being hard working and independent. No no no. Apparently it means being beholden to the government and particularly the [...]
I was going to discuss Obama’s gas-price task force myself, but Ed Morrissey does such a great job at Hot Air that there’s not much more to say: Obama’s gas-price task force and example of Obama’s warning? The cause of rising gasoline prices is obvious to the most casual of observers. First, the Democrat, environmentalist, [...]
Capitalism is often referred to as competition. It is competitive, but it’s much more than that. First, let me make a philosophical point about competition. I’m a coach (granted at the level of kid sports). I’m also a former athlete. One of the things I try to get my kids to understand is something I [...]
President Obama has once again demonstrated two things: One, that he has absolutely no clue about economics, and, two that he is an elitist that can not possibly relate to the people he purports to want to help. From Hot Air’s “Obamatuerism of the Day”: While speaking to a crowd in Pennsylvania, Obama scoffed at [...]
John Hinderaker has posted a MUST READ at Power Line: Free Enterprise VS National Socialism. In it he talks about the cozy relationship between GE and the Obama Administration, and the fact that GE spends enormous amounts of money lobbying for tax favors and regulatory favors which grant them boons while harming both competition and [...]
The Republican “Jobs Program” the Democrats Don’t Understand
Yesterday I read a quote from Debbie Wasserman-Schultz (congresswoman and DNC Chair) in which she was critical of House Republicans, saying “…they haven’t produced one jobs bill.” By “jobs bill” I’m certain that she meant some sort of spending measure that would have the same impact of the (now part of the baseline) “stimulus”. So [...]