It’s one of the latest democratic talking points. Obama and the democrats are hoping to benefit in the 2014 elections, by bringing to the public’s awareness, the gap that exists between the income of the wealthy and that of the poor and middle class.
But why is “income inequality” even a problem? Is their ideal society one of income equality? I hope not. Income inequality is a feature of a free society, not a drawback. The fact that any man in the United States, even those born poor, have the opportunity to become richer than others, is what incentivizes them to take risks, and start businesses that provide the rest of us with the products and jobs that we need. It’s this promise that you can become rich if you can find a way to provide enough people with something that they need or want, that sparks innovation. It’s what provided the incentive for people like Steve Jobs, Bill Gates, and many others that have changed the world for the better. Continue reading
The Democratic party has for years been able to convince the public that they are the party of compassion; the party that cares about the poor and middle class. It is so ironic because the policies they advocate actually hurt the poor and middle class the most.
It is this irony that I find most infuriating. Opponents of government welfare get accused of not caring about the poor because they don’t agree with the solutions offered. But is the liberal solution to poverty, working? This question, they tend not to ask themselves. Continue reading
Obama ran on a platform of higher taxes and got re-elected because he was able to convince voters that only ‘other’ people would be affected by his tax increases; that he was the candidate of the poor and middle class, and Romney, the out-of-touch candidate of the rich. The voters bought it. When the most basic economic concepts were presented, Obama called it “trickle down Economics,” convincing voters that the idea that raising taxes on businesses actually hurts the middle class, was some sort of myth.
It’s going to be interesting to see the voters actually feel the effect of their decision. Here is a short list of some of the companies that have announced their plans for layoffs as a result of the ObamaCare provisions that were conveniently set to take effect after the election:
- Smith & Nephew – 770 layoffs
- Abbott Labs – 700 layoffs
- Covidien – 595 layoffs
- Kinetic Concepts – 427 layoffs
- St. Jude Medical – 300 layoffs
- Hill Rom – 200 layoffs
Some are calling this election the most important in our lifetime. I agree to an extent, although I strongly disagree with those who think that we have, in one of these two candidates, the solution to our economic problems. Voters get so easily distracted that they forget what the problems are, that we are trying to solve.
The truth is that most republicans are not willing to do what it takes to fix what is broken. This is why Mitt Romney is the nominee. There’s been so much talk about whether we should lower or raise taxes, that we forget that we have a one trillion-dollar deficit, and are sixteen trillion dollars in debt. These numbers get thrown around a lot, but most Americans cannot even imagine how much money this is.
Republicans and democrats alike operate under the assumption that we can actually balance our budget without having to make significant cuts. The only thing Mitt Romney felt he could be specific about was PBS, which makes up about 0.014% of the budget, and he even got attacked for it by Obama and liberals who don’t understand that you don’t need the government to keep Big Bird on the air, and that this shouldn’t be the role of the federal government. Continue reading
A group is planning a march in DC to protest against the idea that maybe the government shouldn’t be subsidizing PBS. The Million Muppet March is the result of Big Bird being the only cut that Romney was actually specific about when he spoke of getting rid of waste and things that we have to “borrow money from China” to pay for.
Liberals everywhere are losing it. They say the money the government gives to CPB (which funds PBS) is miniscule compared to the $3.8 trillion the government spends. Is this really an argument for the continuation of the subsidy? Because I see it as being indicative of how little liberals actually understand about what our problems are. If they are unwilling to cut a miniscule $445 million, how in the world can we expect them to get serious about solving our debt problem? Continue reading
While not surprising, I still find it disturbing to watch people enthusiastically support a president that they actually don’t even agree with, or shouldn’t agree with. Every four years many come out of political hibernation to vote based on speeches and soundbites, for unfortunately, they just do not follow the actions of their candidate as closely as they do the actions of their favorite sports teams. We all claim to understand that most politicians will say anything to get elected yet we still support candidates based solely on what they say, not what they do.
I thought it would be a worthwhile exercise to compare the supposed beliefs of the average liberal not to Obama’s words, but his actions. I’ve compiled a list of some of Obama’s actions–specifically those that actually go against what liberals are supposed to stand for. Continue reading
Religious institutions are rightfully angered by the Obamacare mandate that forces health insurance companies to provide free contraceptives as part of their plans. I am sure many of those who are angry right now, supported Obamacare, until they realized it would interfere with something important to them. Continue reading
“With or without this Congress, I will keep taking actions that help the economy grow,” Obama said in his State of the Union speech. Of course, liberals applaud this. Who needs the checks and balances carefully crafted by the founding fathers anyway? If Congress doesn’t want to do what the president wants, the president will just do whatever he wants without Congress, right? Awesome; best president ever, for sure. That guy gets stuff done! F**k Congress! Continue reading
Obama’s Agriculture department wants to put a 15-cent tax on Christmas trees so it can set up a program to “help” the Christmas tree industry.
I don’t even know what to say anymore. While zombie Americans sit at home watching their football games, our government becomes more and more dictatorial. Where does the executive branch get the authority to impose taxes or fees? Isn’t this the Congress’ job? And where does the government get the authority to get involved in any industry?
Where is congress while all of this is happening? We now assassinate Americans without a trial and allow the executive branch to do whatever it wants. Why not just make this an official dictatorship and get rid of all the congressmen? At least we’ll be saving some money by not having to pay the morons.
Austrian Economist Henry Hazlitt said that “[t]he bad economist sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups.” This could not be more relevant today.
Obama gave a jobs speech recently and spoke of building bridges as a way to help create jobs. One does not need to be an expert in Economics to see the problem with this way of thinking. Big government types just refuse to understand that it is impossible for the government to have a net positive effect on job creation by directly “creating” jobs. Continue reading