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How To Undermine the Economy

Posted on 10 April 2011 by Editor

Originally posted 2009-08-07 15:37:30. Republished by Blog Post Promoter

by NotYourDaddyno_trespassing
GovernmentIsNotYourDaddy

August 1, 2009

If you wanted to come up with a plan to undermine the economy of the most prosperous and successful nation on earth, how would you go about it?

The first thing you’d have to do would be to debase the underlying value system that provides the foundation for prosperity. That is, the value system to which the founders of this nation, and many generations of immigrants who came here seeking opportunity, subscribed. The core of that value system is the belief that you do not deserve anything you have not earned.

The first step would be to condition the populace to believe that prosperity is bad, that anybody who makes more than a modest income must be evil (or at least dishonest), and that nobody really deserves to be rich, no matter how much they contribute to the economy or how many opportunities they create for others. The rich, by definition, are always a minority, since the term itself implies someone who has substantially greater wealth than the average person. All that’s usually needed to turn the many against the few is a sense of grievance.

Fostering a sense of grievance can be accomplished by promoting the notion that everybody, by virtue of their very existence, is entitled to basic sustenance, such as health care, food, shelter, etc. This attitude can be cultivated by establishing a system of bureaucracies (paid for almost entirely by the rich) that provide free handouts to everybody else, while nurturing a sense of perpetual resentment among the people receiving the handouts toward those who provide the wherewithal to satisfy their ever-increasing expectations.

The many are not generally aware that nearly 90% of the income taxes that sustain our government, and all the services “it” provides, are collected from the top 20% of income earners. And, if the many were aware of that, do you think they’d feel like saying “Thank you”? Not likely. Because they’ve been conditioned to believe that the rich don’t deserve their wealth, and that they, the beneficiaries of all those taxes paid by the rich, deserve that money more than the people who earned it. What did the beneficiaries do to deserve it? Nothing. But they exist, and therefore they’re entitled to things they cannot afford, so the money should be taken from those who can afford it and redistributed to them.


Having undermined the cultural values that provide the basis for a prosperous economy, by fostering a culture of dependency on ever-expanding government services, you now have popular support for the next step, which is to penalize production. You do that by regulating industries to the point where the cost of doing business is too great to justify the returns, forcing businesses to either downsize, go bankrupt, or relocate offshore. That increases unemployment, creating an even greater dependency on government services. At the same time, it reduces production so there’s less wealth to tax, and less money coming into the system to support the ever-increasing demands.

At that point, you’ve got a self-perpetuating cycle, with ever-increasing demands on the system and ever-diminishing resources from which to draw to provide for them. To add fuel to the firestorm, you can use the increasing demands as an excuse to raise taxes on the remaining top producers even more, driving more employers out of business or offshore, creating an even larger non-productive class, and further accelerating the drain on the system…

But why stop there? At this point, the economy is so unstable, it can be toppled with ease. To finish it off in style, all that’s required is to spend like a drunken sailor. Get the nation so far in debt to hostile foreign powers that they won’t accept our IOUs any more. Print up fiat money and dilute our currency to the point that the whole world loses confidence in it and the G20 proposes a new international monetary standard. Then distract the citizens by holding contests in Congress to see who can spend money the fastest, and call it a “stimulus plan.”

At that point, the death spiral reaches critical mass. That’s where we are today. How did we get to this point? Well, it could just be a combination of entropy, ignorance, and well-intentioned idiots. Or it could be that there are those who actively seek to undermine our economy to bring our nation to its knees. For what purpose? That depends on who’s pulling the strings. I concede that this begins to sound a little paranoid from someone who usually dismisses conspiracy theories. On the other hand, it’s hard to imagine that anyone, especially the leaders of our nation, are stupid enough not to realize they’re doing the exact things required to accelerate the collapse of our already destabilized economy. And, if they’re not stupid, then they must have a reason for what they’re doing.

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NotYourDaddy is a conservative libertarian who believes in free will and the free market. NYD thinks the role of the government is to protect the rights and liberties of its citizens. Stop there.

NYD’s attitude toward ever-expanding government can best be summed up by snarling “Get your hand out of my pocket and leave me alone!” Visit NotYourDaddy’s blog at Government is Not Your Daddy.


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Color Me Happy

Posted on 10 April 2011 by Editor

Originally posted 2010-01-21 18:17:51. Republished by Blog Post Promoter

Smiley
by Nancy Morgan
RightBias.com
January 20, 2010

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I’m smiling. A grin that just won’t quit is plastered on my face because of the stunning upset last night when a, gasp, Republican won the bluest of all Senate seats, thus throwing sand in the gears of the Obama machine’s march towards socialism.

Republican Scott Brown whipping the pants off Coakley last night is cause for rejoice. As is the delicious schadenfreude of seeing the left in disarray, pointing fingers and laying blame for the historic repudiation of leftists, Obama and everything they have been trying to force down our throats for the last year. It appears America may survive Obama after all. And what doesn’t kill you makes you stronger.

As Rush Limbaugh noted, many Democrats are headed for the tall grass. If a vote was held today on Obama’s health care bill, at least 5 formerly sure votes wouldn’t materialize. Last night’s wake-up call has the ‘less elite’ Democrats being brought face to face with the stark reality that they are accountable to ‘we the people’ instead of the Obama machine. And a vote for Obama could very well mean they will be enjoying their lucrative pensions much sooner than they thought.

Scott Brown’s historic upset doesn’t mean America is home free. I predict the Democrat leadership will continue ignoring the will of the American people and probably enact an unconstitutional health care bill. And I expect they will also continue taxing us to death as they redistribute our wealth to their union buddies and politically connected rent seekers. The good news is, the American people have shown that they will not stand for it.
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Nancy, Harry and other political ‘elites’ have a terminal case of inside the beltway syndrome- also known as cognitive dissonance. They have bought into their own version of reality. A reality that doesn’t allow for the possibility that their own narrow world view isn’t the universally accepted view they believe it is. And any version that doesn’t comport with theirs is, well, invalid. And one election in Massachusetts isn’t going to change their minds.

Case in point: Noticeably absent from all talking points today, is any serious discussion by leftists of the fact that this election was a referendum on Obama. A stunning rebuke. A warning bell that Americans don’t want what he is selling.

Leftists, instead of learning from their mistakes, will continue doing what they do so well. They will ignore unpleasant realities in hopes they will go away. If that doesn’t work, they will re-define them, spin them, repackage them and trot out a new improved version of the same old same old. But their tactics are wearing thin, as is Obama’s charisma and ability to influence. As is the old media’s ability to control the discussion.

I know what Obama and crew still don’t know. That the American people have finally seen the light and they don’t like it one bit. And they are not going to sit back and let Obama turn this country into another failed socialist state. The people have spoken, but the Democrats still have waxy yellow build-up clogging their ears. Or something…

The left will continue their path towards assisted suicide due to their complete inability to allow for the possibility that the American people know better than than political elites what is best for America. And when Democrats are thoroughly repudiated again in the next election cycle, they’ll continue to blame Bush or race or sexism. They will not change. And they will lose again.

I must admit to a certain satisfaction in the fact that one of my truisms is coming true. I’ve always said ‘Give the left enough rope and they’ll end up hanging themselves.’ Nice to know some things never change.

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Nancy Morgan is a columnist and news editor for RightBias.com
She lives in South Carolina

Article has been published with the authors permission

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Delivering the Goods

Posted on 10 April 2011 by Editor

Originally posted 2009-09-15 21:12:40. Republished by Blog Post Promoter

Marriner S. Eccles Federal Reserve Board Building
Image by cliff1066 via Flickr

by Margaret Goodwin
Government is Not Your Daddy
September 14, 2009

The United States rose up from a handful of rebellious colonies to become the richest and most powerful nation in the world. Why? Because we led the world in production. For 200 years, America delivered the goods.

But, in the 1970’s, all that suddenly changed. For the first time in history, the U.S. started having trade deficits. That means our net consumption exceeded our net production. And, every single year since 1975, our nation has consistently consumed more than it produced. It doesn’t take a rocket scientist to know that’s not sustainable.

The depressing truth is America is no longer a world leader in production. We are trailing the pack. We are now a debtor nation, and our biggest creditor is China. — What the hell happened? And how will we ever recover? And, the more disturbing question is, what will happen to America if we don’t?

If we ever want to restore America to its proper place in the world, the first thing we need to understand is why we no longer have a productive economy. It’s pretty simple, really. — Because we no longer produce. Why not? – If we take a good hard look at the nature of production, maybe we can figure that out. The three key elements of production are capital, labor, and raw materials.

First, you need capital for research and development. To develop a new product that meets a real need in the marketplace takes a lot of research. It may take many years to develop. Research and development is extremely expensive, and there’s no guarantee of success. There has to be an enormous potential return on investment to justify that kind of risk.

That kind of return on investment is what our current administration refers to as “excessive profits.” And they have this notion that “excessive profits” should be punitively taxed. When government puts a lid on the potential for return on investment, what happens? The investors take their capital and invest it someplace else, — someplace that welcomes production, and wants to build up their economy and provide employment for their population. (Unlike the United States, it would seem.)

The second thing you need for production is raw materials. No matter what you want to produce, you need some combination of raw materials to produce it, whether wood, paper, metal, glass, fiber, or petroleum products. All raw materials come from the earth; they don’t come out of the air, or some genius’ imagination, or the printing presses at the Federal Reserve. They all come out of the ground, either through timber, mining, or agriculture.

Here, in Southern Oregon, we live in one of the richest areas in the country, in terms of natural resources. We’re rich in timber. We’re rich in minerals. But, if this part of the country is so rich, why is it so poor? Why is unemployment so high? Because we’re not allowed to use the natural resources with which we’re abundantly blessed. Overregulation, and the endless environmental litigation it has spawned, has all but curtailed the timber and mining industries, — the very industries that provide raw materials for every sort of production on which our economy relies. And the overregulation doesn’t stop there. It’s hobbling the manufacturing industries, too.

The third thing required for production is labor. We’ve actually got a surplus of that. Look at our unemployment numbers, nationwide. Private sector jobs are steadily declining because our industries are stymied by excessive regulation and punitive taxation. So how does our government address that issue? It tries to replace the jobs lost due to declining production by creating new jobs in the public sector.

The trouble is those jobs do nothing to restore our national productivity. Public sector jobs and service jobs don’t create any new wealth. They just swirl money around in the economy. And, as that money swirls around, more and more of it leaks out to other countries, as we buy foreign-made products because we can’t or don’t produce enough at home.

As the real wealth leaks out of our economy, the Fed prints up more and more new money, which only dilutes the value of the money we already have in circulation, leading to higher and higher inflation. As long as we consume more than we produce, there is no way to add real value back into our economy, and our currency will continue to lose whatever value it has. We must restore production to have a sustainable economy.

This country was founded on the sacred principles of liberty and freedom. Not just individual freedom, but economic freedom. America became a world leader because America delivered the goods. That’s what it’s all about. That’s what it’s always been about. We have to stay solvent to preserve our liberty. If our economy fails, we’ll lose our freedom. Stifling production smothers the economy. And that’s what our government is doing.

Contact your Congressmen and Senators and tell them we want our economy back. Government can’t solve the problem. Government is the problem. Give us back our economy, and get government out of the way!

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Margaret Goodwin writes for the Government is Not Your Daddy blog.

Article published with the author’s permission.

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What Socialism Is

Posted on 10 April 2011 by Editor

Originally posted 2009-09-04 12:04:20. Republished by Blog Post Promoter

Errors-of-socialism 1by Nancy Morgan
RightBias.com
September 4, 2009

When a word comes too close to actually identifying an inconvenient reality, secular progressives spring into action. The offending word is either redefined or reduced its first letter, thereby signifying that polite society will no longer accept it. You’ve heard of the N word, the B word (think Hillary) and now comes the S word.

By its abbreviation, the S word, formerly known as socialism, infers a negative connotation. A negative connotation richly deserved due to the incontrovertible fact that socialism has failed every where it has been tried.

In a nutshell, socialism is an economic system where property is held in common, not individually, and its ideal is a centrally directed economy. Socialism entails the substitution of group decision making for individual choice. In this case, the ‘group’ making the decisions are the 32 (and counting) unelected and unaccountable czars Obama is anointing.

The origins of socialist thought come directly from Aristotle. Aristotle believed that since only actions aiming at a perceived benefit to others were, to his mind, morally approved, then actions solely for personal gain (capitalism) must be bad.

This theory of Aristotle’s is the basic premise of the Obama administration. By claiming the ‘moral high ground’ of the ‘greater good’ Obama and his minions have free reign to radically alter both our system of government and the hundreds of years of tradition it represents.

Under the guise of altruism and the greater good, Obama has launched a full scale attack on capitalism. The very capitalism that has fed the world for decades. The capitalism that has produced the highest standard of living in the freest and most productive country in the world. But, according to the ruling elite, capitalism is bad, because it entails, gasp, ‘profit’. And every progressive worth his salt knows profit is only possible on the backs of less fortunate. Right?

Obama and the secular progressives who now determine policy in America pride themselves on being the intellectual representatives of modern thought and thus superior in knowledge, wisdom and moral virtue than those who hold traditional values (conservatives). They believe their duty is to offer new ideas to the public and deride whatever is conventional and/or traditional. Newness, not truth, is their main value.*

The fly in Obama’s ointment is the fact that the system of socialism isn’t very good at creating wealth. Only individuals do that. But hey, socialism is ‘ethically superior’ and that’s what counts. Right?

Obama was voted into office based on his skill at selling abstract ideas like equality and justice. Millions of Americans bought into his spiel. Most likely the very same Americans who buy lottery tickets. Against all reason, they were led to believe that the government can provide them a free lunch. And there will be no cost to them. And best of all, these moochers can also claim the moral high ground. After all, they are victims of rich capitalists. And that’s not fair! And its not their fault that they haven’t won life’s lottery.

The problem with their premise can be reduced to two words. Free will. God gave us free will – the ability to fail or succeed based on the choices we make. Obama proposes to do away with free will and vest those decisions in a central government.

Losers can now breathe a sigh of relief. Whew. Now, instead of losers, they’re much valued victims. And the new socialist society Obama and friends are in the process of implementing has a moral duty to shield them from the consequences of their bad choices. But best of all, socialism allows life’s losers the moral high ground as they systematically plunder the fruits of another man’s labor.

This is socialism. This is what President Obama wants America to be. But students of history insist on asking the question: How long can a society survive that rewards failure and punishes success? Unfortunately, America will get an answer to that question if Obama is allowed to continue transforming our country into his ‘new and improved’ idea of a socialist utopia.

* Hayek’s ‘The Errors of Socialism’

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Nancy Morgan is a columnist and news editor for RightBias.com
She lives in South Carolina

Article has been published with permission from the author

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Are Volcanoes Subject to Cap-and-Trade

Posted on 10 April 2011 by Editor

Originally posted 2010-04-21 22:04:16. Republished by Blog Post Promoter

by Scott Spiegel
ScottSpiegel.com
April 20, 2010


As the Senate gears up to introduce its version of the House’s cap-and-trade global warming legislation next week, it’s instructive to consider the impact of myriad geological, meteorological, and astronomic effects on climate change, as exhaustively chronicled in Australian scientist Ian Plimer’s essential new book Heaven and Earth: Global Warming: The Missing Science.

Plimer’s book, published last year, boasts 2,000 footnotes from an array of sources including top peer-reviewed journals such as Nature, Science, and Geophysical Research Letters; journals on solar physics, hydrological science, and glaciology; books on climate change, environmentalism, and the history of science; and research by dozens of climate change skeptics. Plimer also dissects the various contradictory iterations of the United Nations’ Intergovernmental Panel on Climate Change’s reports.

His evaluation of the anthropogenic global warming hypothesis? Pure, unadulterated waffle.

If “agnostic” is to “atheist” what “skeptic” is to “denier,” then Plimer would happily plant himself in the denier camp.

Plimer demolishes AGW by broadening the scientific timeline under consideration to incorporate thousands, at times millions, of years to show how climate has been changing through hot and cold swings much wider than anything we’ve seen in recent centuries, and all in the absence of disposable Starbucks cups.

In graph after graph, Plimer depicts the cyclical effects of sunspots, glaciation, tilts in the earth’s orbit, ocean currents, CO2 reabsorption by the oceans, plate tectonics, clouds, and volcanic eruptions on global temperature. He covers the Medieval Warming period from 900 to 1300 AD, which was warmer than today, and points out the vastly higher concentration of CO2 in the atmosphere during previous Ice Ages. He details the beneficial effects that warmer periods historically have had on crop growth, species survival, and human longevity. He documents the inadequacy and inconsistency of land temperature measurements, relative to satellite measurements, the latter of which show global cooling. He notes the utter failure of any global warming model to correctly predict that the earth would start cooling in 1998.

Plimer mentions Al Gore’s camp classic An Inconvenient Truth, and cites a British court’s 2007 ruling that there are nine major factual errors in the movie, and that in order to be shown in public classrooms the film has to be accompanied by a written manual and teacher instruction to correct all of the alarmist falsehoods. One of the nine gaffes is the movie’s failure to note that CO2 emissions have not been shown to cause temperature increases, but rather have historically lagged behind temperature increases. That’s right—a British court actually ruled that there is no evidence that carbon dioxide emissions, human or otherwise, cause or even precede temperature increases—only that they lag slightly behind.

And Plimer’s book was published before last November’s Climategate, in which a whistleblower in the UK publicly exposed researchers from one of the three leading climate data collection centers in the world as having evaded Freedom of Information requests, colluded to keep skeptics’ research from being published, and failed to be able to reconstruct tortuous data manipulations they had applied in order to generate the conclusions they wanted.

Lest closed-minded warmists dismiss Plimer as a religious, right-wing knuckle-dragger, Plimer has also authored books deconstructing the scientific case for creationism, and has received criticism from conservatives for this line of work.

Plimer’s thesis also happens to be perfectly embodied by last week’s historic volcano eruption in Iceland. The eruption at Eyjafjallajkull, whose name is almost as long and complicated as the House’s cap-and-trade bill, left Europe covered in clouds of dark ash and shut down virtually all air transportation across the continent.

In his book, Plimer delineates the historic effects of volcanic activity on climate. For example, in just a few days, a major volcano can spew more CO2, dust, and sulfuric acid into the atmosphere than humans can in a year. Yet significant volcanic eruptions typically lead to years-long drops in temperature, due to the extra cloud cover and solar reflection they create, which means that skiing in St. Moritz should be lovely this winter.

Last year the Australian parliament considered and, in large part thanks to the efforts of Plimer and other skeptics, narrowly rejected a cap-and-trade scheme that would have crippled the continent’s energy production systems.

Due to U.S. Congressional Democrats’ politically suicidal stubbornness, cap-and-trade is evidently going to be this year’s health care reform.

To reiterate the point crystallized in Plimer’s book: if there’s so much uncertainty regarding whether human carbon dioxide emissions have any measurable influence on temperature increases, and a greater probability that temperature increases are beneficial than harmful, why are we rushing to shoot the world’s greatest economies in the foot?

Molecular biologist Henry Miller wrote in Forbes last week, “Every schoolchild these days seems to be a devoted environmentalist, able to spell ‘sustainable’ before ‘dog.’ However, much of the indoctrination about environmentalism—especially in schools—is of the passion-is-more-important-than-fact variety… Too often the objective of student projects seems to be ‘empowering’ the kids and giving them a feeling of accomplishment instead of getting the right answer and learning scientific principles.” In other words, the first step to “empowerment” in the natural world is learning what you can and can’t change through being empowered. It seems many adults have yet to learn that lesson.

Though I regret the disruption caused by Eyjafjallajkull to Western Europe’s economies (such as they are), I have to chuckle at the fact that terrible, wasteful, carbon dioxide-emitting air travel has been suspended throughout the sacred Continent of the Greens—and during the same week as Earth Day, at that. I only wish it had happened right before the Copenhagen summit.


Scott Spiegel is the editor of the ScottSpiegel.com blog.

Article published with the author’s permission.

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