Posts Tagged ‘economy’
The Obama administration has performed the unique trick of alienating the majority of our most important allies, while at the same time causing America to be viewed as a patsy by its enemies.
The situation is bound to get worse now that the administration has taken the position that most financial institutions outside the United States are conspiring to help Americans and others avoid U.S. taxes and, thus, is attempting to require all of these foreign financial institutions to report to — and, in effect, become agents of — the Internal Revenue Service.
A global revolt is brewing against the United States for being an international financial bully. The consequences of this revolt are likely to be extremely damaging and long-lasting to the nation.
Read more by Richard Rahn at ToThePointNews.com
If you live in a middle-class household, you generally expect your needs to be met through the marketplace. You buy or rent housing in the real estate market. When you aren’t driving your own car, you catch a taxicab or maybe even hire a limo. You or your employer buy health insurance, and you choose your doctor in the medical marketplace.
For most poor families, the experience is very different. Regulations designed to protect entrenched special interests have succeeded in raising the costs of basic services so much that low-income families have been priced out of the market for many essential services. Middle-class and poor communities differ not just by income. For the middle class, basic needs are met by markets and they benefit from the customer-pleasing innovations that competition produces. All too often, the poor must turn to public programs with all of the customer-pleasing attributes of the Department of Motor Vehicles.
Take housing, for example. The cheapest form of housing is small, prefabricated homes for zero-lot developments. However, zoning regulations in most cities outlaw them — an act that effectively doubles the price of the cheapest housing. There are also other expensive restrictions on new housing, such as forcing builders to build on bigger lots and mandating specific types of materials and construction methods. Regulations vary widely across the United States. In Houston, a less restrictive city, regulatory costs add about $13,200 to the price of an average home. In San Diego, a multitude of regulations add $240,000. These cost-increasing regulations have essentially priced many low-income residents out of the market for a private home, forcing them to turn to public housing instead.
Then there is transportation . . .
Read more by John Goodman from Oct 22, 2011 at Townhall
How do you solve a problem if you refuse to admit you have one — or if you delude yourself into thinking it’s not as bad as it actually is? The answer: You don’t.
You might minimize symptoms and make some progress. But unless you address the root cause, you will not find a real long-term solution.
Unfortunately, far too many politicians in Washington refuse to acknowledge — and as a result, never accurately describe — the challenges currently facing America. I’m not sure why so many choose to keep their heads in the sand, but their state of denial is proving to be a significant impediment to developing solutions.
Read more by Sen. Ron Johnson at Investor’s Business Daily
This is sheer madness. the people that are already citizens will be put on the back burner for US businesses that are at least 50+ to choose illegals over the citizens. Basically if you hire a citizen over one of the new 11 million legalized you (the business owner) will be penalized $5000 per head!
The Fed fails to grasp that an interest rate is a price, the price of time. Attempting to manipulate that price is as destructive as any other government price control.
To know what is wrong with the Federal Reserve, one must first understand the nature of money. Money is like any other good in our economy that emerges from the market to satisfy the needs and wants of consumers. Its particular usefulness is that it helps facilitate indirect exchange, making it easier for us to buy and sell goods because there is a common way of measuring their value. Money is not a government phenomenon, and it need not and should not be managed by government. When central banks like the Fed manage money they are engaging in price fixing, which leads not to prosperity but to disaster.
The Federal Reserve has caused every single boom and bust that has occurred in this country since the bank’s creation in 1913. It pumps new money into the financial system to lower interest rates and spur the economy. Adding new money increases the supply of money, making the price of money over time—the interest rate—lower than the market would make it. These lower interest rates affect the allocation of resources, causing capital to be malinvested throughout the economy. So certain projects and ventures that appear profitable when funded at artificially low interest rates are not in fact the best use of those resources.
Read more by Ron Paul at the Wall Street Journal
And liberals don’t: Hispanics want the American dream, not government dependency.
Who would have thought that a Walmart commercial could make me shed a tear and then jump out of my chair, pump my fist in the air and yell out loud “Yes”?
Well, that’s exactly what happened a couple years ago when I first saw a commercial about Noemi Flores, a middle-aged Hispanic woman who earned her 20-years-of-service badge from Walmart.
Read more by Rachel Campos-Duffy at NationalReview.com
View Local Restrictions on Kid-Run Concession Stands in a larger map
Red = Town has previously shut down kid-run concession stands.
Yellow = Town says kid-run concession stands are illegal unless the kids obtain at least one city permit.
Green = Town permits kid-run concession stands without requiring any permits.
The map above from the Freedom Center of Missouri shows the “Government War on Kid-Run Concession Stands,” where the 24 red flags indicate a town that has shut down a kid-run concession stand (the list goes back as far as 1990, but there were nine just so far this year), the four yellow flags are cities that require kids to get at least one city permit to operate a concession stand, and the the green flags are the only two cities in America that have officially stated that they will allow kids to operate concession stands without any permits: Chadron, Nebraska, which actually encourages kid-run lemonade stands, and Nashville.
Read more at Mark J. Perry’s blog: CARPE DIEM
Originally from Freedom Center of Missouri
The Path to Prosperity (Episode 1): America’s two futures, visualized
The Path to Prosperity (Episode 2): Saving Medicare, Visualized
Path to Prosperity (Episode 3): 3 Steps to Pro-Growth Tax Reform — VISUALIZED
You want to fix this economic crisis? You want to put people back to work? You want to light a fire under the economy?
There’s a way to do it. Fast. And relatively simple.
But you’re not going to like it. You’re not going to like it at all.
Default. A national Chapter 11 bankruptcy.
The fastest way to fix this mess is to see tens of millions of homeowners default on their mortgages and other debts, and millions more file for bankruptcy.
I told you that you wouldn’t like it.
I don’t like it much either. It sticks in the craw that people got to borrow all that money and won’t have to pay it back.
But you know what? The time to stop that was five or 10 years ago, when the money was being lent.
And mass Chapter 11 is, by far, the least obnoxious solution to our problems.
Read more by Brett Arends at MarketWatch
Even after seven years of writing macroeconomic analysis for the liberty movement and bearing witness to astonishing displays of financial and political stupidity by more “skeptics” than I can count, it never ceases to amaze me the amount of blind faith average Americans place in the strength of the U.S. dollar. One could explain in vast categorical detail the history of fiat currencies, the inevitable destruction caused by inflationary printing and the conundrum caused when any country decides to monetize its own debt just to stay afloat — often, to no avail.
Bank bailouts, mortgage company bailouts, Treasury bond bailouts, stock market bailouts, bailouts of foreign institutions: None of this seems to phase the gibbering bobbleheaded followers of the Federal Reserve cult. Logic and reason and wisdom bounce like whiffle balls off their thick skulls. They simply parrot one of two painfully predictable arguments:
Read more by Brandon Smith at PersonalLiberty.com
Lt. Gov. Rebecca Kleefisch walks into a local coffee shop without a fuss.
There’s no entourage, not even a press aide, as she orders a cup of coffee, sits down with a reporter and reflects on her life and her career.
Four years ago, Kleefisch was a stay-at-home mom who completed business assignments while her daughters napped. Her political vision was focused tightly on her husband’s career as a Republican member of the state Assembly.
Now, she constantly tours the state as Gov. Scott Walker’s surrogate on small business and workforce development as she talks up jobs and the economy.
Read more by Bill Glauber at JSOnline.com
The dividing line in the national debate over the future of public-sector unions can be found between the Land of Lincoln and its neighbor to the north.
The story of Illinois and Wisconsin is a tale of two very different states.
Wisconsin, led by Gov. Scott Walker and majority Republicans, took on public-sector unions and won in the pursuit of balancing a $3.6 billion state budget shortfall in 2011.
Illinois, led by Democrats with a veto-proof supermajority in the Legislature and Democrat Pat Quinn in the governor’s mansion (at least occasionally), have long coddled the public unions to which they and their campaign war chests are beholden. Consequently, the state faces billions of dollars in unpaid bills and unfunded pension liabilities for current public employees of about $130 billion.
Wisconsin’s economic prospects have vastly improved. . . .
Read more by Benjamin Yount and M.D. Kittle at Watchdog.org
by Rick Barrett of the Journal Sentinel, Sept. 27, 2011
Rules hurt Harley in China
Company works to ease difficult regulations
Harley-Davidson Inc. is lobbying the Chinese government to ease regulations in the world’s most populous country that make it difficult to own and ride a motorcycle.
The goal is to increase sales in China by as much as 40% a year through 2016, Sean Jiang, a Harley representative in China, told Bloomberg News in Beijing.
The Milwaukee motorcycle manufacturer is quadrupling its number of dealerships and is supporting riding clubs to capitalize on a Chinese luxury-vehicle market that JD Power & Associates says will grow by about 35% this year.
But any investment in China without addressing restrictive regulations will be a “castle built on sand,” said Jiang, who is based in Shanghai.
–SNIP– Harleys cost more in China because of import duties that can add 30% to the sticker price before other taxes are figured in.
If black people can forgive President Bill Clinton and the Democrats for shrinking the black middle class, why can’t blacks forgive Reagan/Bush for the longest period of economic growth of the black middle class in the history of America?
During his radio monologue, Dr. Yuille, host of Joshua’s Trail, the popular Michigan radio show of black conservative Christian thought, often asks the following rhetorical questions: