Standing at the Crossroads of Her Future
Capitalism
IMF to Control American Economy
2764 days
Obama continues to relegate the United States to second class citizenship in the world of nations. The time for this president to leave office cannot come soon enough.
Wisconsin – The Eyes of America are Upon You.
0823 days
The Unions are Coming! The Unions are Coming! Where were you Paul Revere in 1958 when this whole mess started.
What we are witnessing in Wisconsin is both enlightening and a harbinger of what may follow throughout the country.
The idea of Public Service Unions is so far to the left that even Franklin Roosevelt believed they should not exist. How did they come to be? (more…)
The Wisconsin Conundrum Explained
1824 days
No one to my knowledge has explained to the general public of the LEFTIST persuasion the difference between Collective Bargaining in the private sector and public sector. Here goes, lefties, please read carefully, I’m going to type this as slowly as I can:
In the private sector, a union sits down with a privately held or corporate entity and somewhere in the middle they find a balance between fair wages and benefits for the employees measured against the company’s ability to pay the negotiated increase and still stay competitive with their competition and therefore stay in business. So as a result there is a weight on the scale that enlightened union negotiators realize is an unavoidable economic law, namely, we can ask for and get the moon but, (forgive the mixed metaphor) we will kill the goose that lays our golden eggs.
In Government vs. public employee unions, there is no such weight that brings moderation. Governments don’t have to make a profit to stay in business and if they make nice with the unions, in fact the opposite happens; it is in the form of a hidden bribe. The unspoken bribe goes like this, “Give us what we want, who cares, just raise taxes now or just pass the debt up to the next generation and we’ll send you money back in the form of political contributions so you can stay in office and when we meet again around the negotiating table next year, we can do this again, and again. Hell you probably will be a lobbyist when the bill finally comes due anyway.” As a result, in the past 20 years we’ve gone from the mentality that went like this, take a government job, it’ll pay less but the benefits will be better -to- take a government job, the pay will be better than taking the risk of a private sector job where you must continue to prove your worth and stay productive- and -the benefits for doing less work, not having to worry about being fired is that you’ll have medical and pensions benefits way superior to the private sector employee and the bennies will be free, till you die, no contribution from you is needed.
Nice work if you can get it.
Crisis In Egypt
0846 days
by Carl
in Capitalism
Crisis in Egypt
What is going on in Egypt will go on throughout the world until we recognize and address the underlying cause of the discontent.
The death of Nasser and the assassination of Sadat not withstanding, it would not be too inaccurate to say that Egypt has been a stable government for the past 50 years. There are no torture rooms that we know of where private citizens are pulled off the street and tortured. Torture we may presume is reserved for serious threats to the regime. Mubarak has not been an evil dictator when compared to the likes of Stalin, Hitler, Mussolini or even Fidel. He has simply done what any politician does anywhere in the world. He has tried to obtain, maintain and retain power.
But why now? Why has the discontent boiled over? What triggered it?
DOMINOES ANYONE?
0846 days
The Domino Effect
It should be obvious to any serious follower of big trends that Egypt is the first big target for converting a secular state to the first huge Islamic state. You can rest assured that Saudi Arabia is focused on what’s going on in Egypt. This ‘popular revolution’ no doubt has had its roots in Iran, or Syria or Lebanon where the structure of The Muslim Brotherhood is firmly ensconced. The Muslim Brotherhood was born in Egypt and prospered there until its founder Sayyid Qutb was imprisoned and then released. Had they only known what a powerful force it was to become I dare say Qutb would have ‘disappeared’ and that might have been the end of that movement.
But instead his radical movement will return to Egypt with a vengeance long postponed, co-opt the ‘revolution’ and will likely overthrow the Mubarak regime which has (as all regimes that stay too long) become thoroughly corrupt and controlled by an unyielding bureaucracy that stifles economic growth. (more…)
Economics 101, Supply & Demand
1862 days
About two years ago, before the last election, I was getting “Boycott Exxon” emails. So I drafted a form letter and only had to insert the name of the person to whom I was responding. I paid $3.50 a gallon today so the Boycott Exxon emails should be arriving any day now so I found and dusted off my reply…
Since then nothing has changed except maybe America is no longer taking oil from the Gulf. All I have to do is change the name, Paul, in this case, cut and paste it and send it back. Feel free to use it also…
Dear (insert name here):
This is baloney, ever hear of the law of supply and demand? When there’s more demand than there is supply, the price goes up until demand either comes down or supply goes up. It’s Economics 101. The law of supply & demand is as immutable as the law of gravity! (more…)
The World Debt Clock. It’s Time to Wake Up!
3864 days
If you’ve started to wonder what the real costs of Obama’s creeping socialism are going to be – once his full program (a Value Added Tax will be proposed) goes into effect in the United States and hits your wallet, remember you read it here first in this post.
As you digest these mind-boggling figures, (see link at bottom) keep in mind that in spite of these astronomical tax rates, these countries are still not financing their social welfare programs exclusively from tax revenues! Like us, they are financing these social programs with more and more debt. As a result they are deeply buried in public debt of gargantuan proportions. It is what desperate people do when they pay off one credit card by charging their payment to another credit card.
Read more to see world debt broken down by country:
Obama, Houdini in Reverse
1870 days
After the election of 2008 gave Barack Obama a super-majority in both houses of Congress he has proved to be something of a Houdini in reverse. From an overwhelming position of safety he has quickly escaped to one of danger.
He sought to redefine America on a secular scale that is opposite to the Founding Fathers. His socialist model that one can constantly increase the size of government by reducing the tax base and producing more people who depend on the government has been thoroughly rejected by the electorate let alone the economy.
Obama’s policies have been repudiated as have his feints at portraying himself as someone who cherishes American values and supports America’s allies. It did not take Obama long to make Americans realize that they had elected someone who was at odds with American Exceptionalism and who had a crater-sized chip on his shoulder about the country he was supposed to lead.
It’s hard for a determined ideologue to learn his lesson and that is why he will now attempt to do by regulation what will now be impossible to accomplish by legislation. Although his policies have been repudiated by American voters and his self-proclaimed legislative achievements have been discredited he will continue whistling past the graveyard off key and as out of tune as ever.
During the last 21 months Americans have come to understand Milton Friedman’s observation that if the Democrats were in charge of the Sahara Desert in 5 years there would be a shortage of sand. The Democrats have more solutions than there are problems and as they look out upon the devastation wrought by this election they can see that their biggest problem is Barack Obama himself, the wrong man in the wrong job in the wrong country at the wrong time.
Posted by Paul Schnee
Woodrow Wilson, Edward House and the Progressive Movement
1875 days
If you watch Glenn Beck, the words, “Wilson, I HATE that guy”! will sound familiar. I recently picked up a book in a second hand book store titled, WOODROW WILSON AND WORLD POLITICS, America’s Response to War and Revolution which was published in 1968. I now know why GB HATES THIS GUY! He was the prototypical progressive who was confident that his ideas on how to avert wars, revolutions and economic fluctuations were correct and irrefutable. His concept was to have centralized governments take control of the means of production, put government and unions on the evil Boards of Directors to monitor wages and profit distribution and in world matters to have a World Government which would use moral persuasion and economic power to force otherwise power hungry leaders to become peace loving technocrats. (more…)
Milton Friedman Video
1877 days
by Carl
in Capitalism
Milton Friedman’s ideas about the free market always appealed to me. As I would read his work I would think “this guy has it right.” His gentle, unarguementive style endeared him to many. He is still correct.
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