March saw the strongest job growth rate since May 2007, but the White House is warning Americans that we still have a “long way to go” before the unemployment rate gets back down to levels we’ve become accustomed to in the past three decades. According to Fox News:
Obama’s chief economic adviser Lawrence Summers said on a pair of talk shows that a year after the passage of the stimulus bill, the U.S. economy still has “a long way to go.”
Summers said pushing the unemployment rate down from its current 9.7 percent level won’t be easy.
No, it won’t be easy, particularly since the Democrats and the President have absolutely no interest in taking the steps necessary to encourage economic growth. Read the rest of this entry »
Filed under: economics, Government, taxes, bailout, costs, democrats, fail, jobs, obama, stimulus
It’s hardly surprising that the Hartford Business Journal is happy about the new Health Care Takeover legislation: Hartford has long been considered the Insurance Capital of the World, and the insurance companies are thrilled with the forced enrollment of 32 million Americans into their health insurance plans.
With sweeping federal health care reform now on the books, business owners are scrambling to make sense of a new range of tax breaks, coverage responsibilities and potential pitfalls by turning to benefits consultants, accountants and insurance brokers for advice and perspective.
Although the $940 billion legislation alters the way small businesses buy and supply health insurance, many of the changes won’t kick in until 2014. And clear answers are at a premium today.
“Small business owners will have more choices and greater accessibility to affordable health insurance, which will help them to attract and keep a talented workforce,” said Kevin Galvin, owner of Connecticut Commercial Maintenance Inc. in Hartford. He says small businesses like his will be the big winners under health care reform.
In fact, in the entire article, only one opponent to the legislation is quoted. Four proponents are interviewed, and two of those are from advocacy groups specifically in favor of the legislation. One more is a health insurance executive, and even Mr. Galvin quoted above, a small business owner, is also an organizer of a pro-legislation political organization. Read the rest of this entry »
Filed under: economics, Government, insurance, media, business journal, connecticut, democrat, hartford, hcr, health care, health insurance, obama, propaganda, takeover
Hullabaloo, a Liberal blog, posted this little gem: “There were no MRIs in 1780.”
Ignoring the fact that the United States had not yet forced Cornwallis’ surrender at Yorktown in 1780 (and hence, no Articles of Confederation, let alone a Constitution, had been ratified), the line of reasoning by the author is sophomoric at best and intellectually dishonest at worst.
Nowhere in the constitution does it authorize the Federal Aviation Administration or the Center For Disease Control either, so I guess they’re out too. The fact that the founders weren’t psychics or time travelers is a real problem for us, apparently.
Ian Millheiser from CAP pointed out that if you used this logic, then Medicare and Medicaid are unconstitutional as well. Pilon agrees, saying that the entire New Deal is unconstitutional. So, there you have it.
Um, no, not exactly. Read the rest of this entry »
Filed under: Government, health care, personal health, stupidity, 1780, citizen, constitution, federal power, hullabaloo, MRI, power, specious, straw man
With Apologies to Thomas Sowell
In observing the mass of articles, blogs, tweets and web postings, it has become clear why so many people do not understand why the Health Care legislation that the President signed into law today will harm our economy and increase health care prices. Explaining why it will harm our economy is futile without first illustrating how it raises health care costs and prices.
Economics is called the “Dismal Science.” I think this has less to do with predictions of Doom and Gloom, as many people claim, and more to do with Economist’s obsession with abstract ideas, like Utils (a unit of measurement for “utility,” an economic concept that can’t actually be measured). Indeed, until I learned to apply these abstract concepts to real-world situations, I was as lost as anyone who supported this bill.
Fortunately, Thomas Sowell wrote an engaging (for an economist, at least) book called Basic Economics: A Citizen’s Guide to the Economy, which anyone with an interest in understanding economics should read. It is a long book, so if you’d rather have something shorter and a bit more fun, check outCommon Sense Economics: What Everyone Should Know About Wealth and Poverty, by Gwartney, Stroup and Lee. Both books paint the picture of economics, but pull away from the abstract and focus more on the real-world.
Now class, time to explain the basics of why the Health Care Takeover will be certain to raise prices for health insurance and health care in the long run. Read the rest of this entry »
Filed under: economics, Government, insurance, basics, education, supply and demand, takeover
The New York General Assembly is at it again. They’re looking out for the health of the people of New York, legislating behavior for the betterment of all. Felix Ortiz (D-Brooklyn) has proposed a new law that would fine restaurants $1,000 for each violation for including an additive in their meals that has been linked to heart disease and other health problems when it is consumed in excess.
That additive is salt.
“No owner or operator of a restaurant in this state shall use salt in any form in the preparation of any food for consumption by customers of such restaurant, including food prepared to be consumed on the premises of such restaurant or off of such premises,” the bill, A. 10129, states in part.
Never mind that uncounted recipies require salt. Read the rest of this entry »
Filed under: Government, personal health, stupidity, ban, felix ortiz, health, new york, restaurant, restauranteur, salt, trans-fat, transfat
While I had been thinking about something like this for several weeks, the document that follows was very much inspired by Nessa’s diary of a few days ago. This is intended as my statement of Grievances and Resolves, one that I am hopeful conservatives, libertarians and even moderates can identify with. It is, I hope, something that we can build upon as we instruct our elected and appointed representatives on why we as Americans are so upset with them, with the bureaucracy and the out-of-control spending.
It was once held to be self evident that every person was endowed with inalienable Rights, ones not granted by Government but which existed as a natural part of our Being. These rights include life, liberty, the pursuit of happiness, property, and to live one’s life as one sees fit without interference from others. We understood these Rights to be inviolable unless they Infringed upon the Rights of another.
Today, our Nation has forgotten these principles. The Congress and President have evacuated their responsibilities to protect the People from the State, chosen Power over principle and degraded the Sovereignty of the Citizen. We therefore recognize the following grievances with the Federal Government of the United States:
It has made compliance with the Law virtually impossible by enacting legislation and regulations too extensive and confusing to comprehend.
It has enacted Policies and Programs that discourage productive behavior and damage the economic stature of the Nation. Read the rest of this entry »
Filed under: Government, liberty, declaration, grievance, nessa, resolves, rights, spending
Nancy Pelosi likes spending your money.
If you’re reading this, you probably already knew that. What you didn’t know is just how much and how carelessly Ms. Pelosi likes to spend your hard-earned tax dollars. According to Judicial Watch:
Judicial Watch, the public interest group that investigates and prosecutes government corruption, announced today that it has obtained documents from the Air Force detailing House Speaker Nancy Pelosi’s use of United States Air Force aircraft for Congressional Delegations (CODELs). According to the documents, obtained by Judicial Watch through the Freedom of Information Act (FOIA), the Speaker’s military travel cost the United States Air Force $2,100,744.59 over a two-year period — $101,429.14 of which was for in-flight expenses, including food and alcohol.
Use of military aircraft aside, the expenditures also includes vast amounts of premium alcohol and special trips for family members. A trip to Iraq also included large amounts of alcohol, a luxury officially denied to the uniformed men and women fighting Al-Qaeda and its surrogates there.
So much for the “most open and ethical Congress in history.” Read the rest of this entry »
Filed under: Government, taxes, expenditure, foia, judicial watch, pelosi, speaker of the house, spending, waste
16 December, 2009 • 21:32
To improve our economy, President Obama wants us to spend tens of billions of dollars on… Caulk.
That’s right. The President believes that both our energy situation and the unemployment issues that far out-strip any projections made by his economic team can be solved by “weatherizing” our homes. All we need to do is hire hundreds of thousands of union laborers to add weatherstripping and caulk to lower our energy costs. This will have a ripple-effect that will resonate throughout our economy and kick-start the jobs machine. To do this, the Stimulus Package already signed into law provided billions of dollars for training workers to install caulk and other weatherizing improvements into people’s homes.
This is all part of President Obama’s “Green Jobs” initiative, which he extensively campaigned on and continues to hold up as the future of our domestic economy. He even went so far as to call insulation “sexy.”
I have a “sexy” idea for President Obama: Instead of focusing on “green jobs,” how about focusing on “jobs?” We can worry about the “green” part when we get back to that 8% unemployment level that he said his magical stimulus would prevent us from ever topping. Read the rest of this entry »
Filed under: economics, environment, Government, politics, taxes, wealth, caulk, copenhagen, economy, fail, manbearpig, obama, stimulus, taxes, weatherize