Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Tuesday, July 2, 2019

Major Idiot
















Unfortunately, there are many who think these comments by Bernie Sanders are well stated. The reality is that the government has been in charge of student loans since Obama federalized student loans.

Investors Business Daily accurately assessed the situation back in 2015.

Watch the other hand, or Major Idiots will rule your world.

Tuesday, August 9, 2016

Go Play In The Traffic

These "Top" GOP officials suggest Donald Trump would be "the most reckless president in American History"?

Worse than the enemy within Barack Obama who is violating our laws assisting our enemy Iran? More reckless the Hillary Clinton, who placed national security at risk exposing her server and is bought and paid for by foreign agents?

These GOP officials can go play in the traffic.

Their willful ignorance, or possible allegiance to a global governance, is exactly why the citizenry of the GOP selected Trump, in defiance of these RHINO idiots complicit in the increasing demise of our once great nation.

I'll gladly take my chances with Trump, all day and everyday, over the economic imbecile and ethically challenged Hillary Clinton.

50 top GOP national security officials sign letter warning Trump would be 'the most reckless president in American history'  by PAMELA ENGEL of Business Insider.

Wednesday, June 22, 2016

Freedom Awaits Embracing of Brexit

The European Union is a complete failure, a form of new communism that abolishes nation states by stealing the sovereignty of its members and allowing un-elected bureaucrats to seize control over peoples lives.

Under the EU, members nations are facing financial collapse and are being run over by immigrants engaged in terrorism, all an assault on the European standard of living.

Nigel Farage warned us long ago, "It's even more serious than economics because if you rob people of their identity, if you rob them of their democracy, then all they are left with is nationalism and violence. I can only hope and pray that the Euro project is destroyed by the markets before that."

 

Perhaps that time has come, as with the passage of Brexit, June 23 just may be a new Independence Day.

Wednesday, June 8, 2016

Wrecking Ball BHO

"Obama goes out to Elkhart, Indiana, and tries to bask in the glory of this phantom recovery that does not exist and has not existed, goes out, tries to claim credit for all this great economic activity, saying things like things are better now [by nearly every statistical measure] than when he took office."

Nothing could be further from the truth, as noted by the dismal economic numbers released Friday. Forget the fiction peddled about a recovery, these statistics warn of potential depression. Wake up America!



The Cold and Bad Economic News--Rush Limbaugh

Monday, July 13, 2015

Boxed In

Bernie Sanders, I:VT
The Foundation for Economic Education, (FEE), shot a post across Facebook this evening noting that Sen. Bernie Sanders (I:VT), who is seeking the Democratic nomination in 2016, thinks the middle class is deteriorating. FEE says he is wrong.

Sanders, a socialist, is at least someone who calls it like he sees it, even recently exposing the unemployment numbers presented by the Obama administration and their propagandist partners in media as false. Salon claims FOX News (?), Hillary surrogates and Wall Street are all terrified of Bernie and his ultra left followers.

The FFE article quotes Sanders as saying the following:

The long-term deterioration of the middle class, accelerated by the Wall Street crash of 2008, has not been pretty. Since 1999, the median middle-class family has seen its income go down by almost $5,000 after adjusting for inflation, now earning less than it did 25 years ago.

The FFE disputes Sanders conclusions, presenting a video with highly respected George Mason University Prof. Don Boudreaux discussing wage stagnation.  Boudreaux seems to be refuting a conclusion of former Labor Secretary Robert Reich.



Boudreaux collects a number of hits in his presentation, focusing on a period of approximately 30 years, citing a number of correct notes. However, there are areas missing in his conclusions, as there often are when trumping out statistics. Furthermore, at no point in my lifetime have economic statistics suffered such high levels of manipulation.

With a formal education in the field of economics, I could produce voluminous statistics stating whatever case I wish to make, but I can tell you from the street that income has been stagnant since the crash of 2008. In addition, virtually all of the implemented programs, while some producing temporary gains, have resulted in long term failure.  To place it in simplistic terms, the economy seems "boxed in", with constraints placed upon it by a government seeking to seize increasing control over the citizenry.

The middle class is indeed staggered by orchestration under Obama, with real median household income decreasing and the pathway to wealth exponentially more difficult. But, it is not more progressivism or Bernie Sanders and his platform of socialism the country needs, it is getting government back within its means, individual accountability, adherence to the law and free market capitalism, with a reduction in taxation and, in particular, regulation.

Wednesday, May 13, 2015

Free Market Capitalism an Economic Sky Hook

Like many, I was very saddened by the recent goings on in Baltimore, from concern over the possibility that the suspect Freddie Gray was mistreated, to the horrendous and unlawful actions  of violence and lawlessness of by hundreds of thugs and the despicable leadership just about all of the political leadership in this once proud town.  Although I have not been to the city in decades, as a direct descendant of Lord Baltimore, it was somewhat personal.

Among the destruction, the fact that we again have lost the rule of law in a major US city is of grave concern. The lawlessness led to the unthinkable; forcing the Baltimore Orioles to cancel a game, then play a home game in front of nobody because the police were unable to protect fans, and then move a home series with the Tampa Bay Rays down to Tropicana Field in St. Petersburg, again, for safety purposes.


How about arresting those who fail to follow the lead of Dr. Martin Luther King, Jr by engaging in looting, violence and the destruction of private and public property? Well, in Baltimore, Mayor Stephanie Rawlings-Blake doesn't think much of private property, and ironically, she is not related to the Rawlings Co. that makes baseballs.

One could argue the current leaders of the federal government are not unhappy about since it gives them the opportunity gain even more control over the citizenry.  Al Sharpton, a proxy mouthpiece for President Barack Obama, quipped that due to the events of Baltimore, and the previously orchestrated protests in Ferguson, MO outside of St. Louis, it is now time to federalize the nations police departments.

Let that one sink in for a moment.  Sharpton, and make no mistake, Obama, want the power in Washington and not locally in our communities, cities and states.  This directly contradicts the wishes of our Founding Fathers, but Obama and his teammates view our founding documents as charter of negative liberties, limiting what the federal government can and should do.  The Founders, of course, sought to limit government.

Those that have weighed in on these events include anybody and everybody. I was interested in the thoughts of two individuals; Dr. Alveda King and Dr. Ben Carson.

Dr. Alveda King, is the niece of Dr. Martin Luther King, who so eloquently and effectively championed the civil rights movement.  She knew both her father and her uncle would strongly disapprove of the protests in Baltimore, and said so in an editorial, although the political leadership of the city did not want to hear of it. You see, to the progressive leadership in this county, King's message is considered weak, failing to include the grievances and reparations this group feels they are owed.

As the chief neurosurgeon at John's Hopkins Hospital in Baltimore, Carson, who has announced his candidacy as a republican for president in 2016, could offer informative commentary given his longtime residency in the city.  Carson did an interview printed in GQ, noting "Obviously I'm sad to see what's going on there."

Jesse Lee Patterson had a brilliant piece over at World Net Daily, pontificating if white America just said no!

One of my all time favorite NBS stars, legendary NBA Hall of Fame player Kareem Abdul-Jabbar of the Los Angeles Lakers. Although I am not sure if it is deserved, Abdul-Jabbar is getting hammered over his written comments about the unrest in Baltimore.

“I suggest we all pay attention to what’s happening in Baltimore, because it’s very likely that unless the economic and injustice issues raised there are addressed in a meaningful way across the country, we will be seeing many more Baltimores throughout the election season.”

Maybe Abdul-Jabbar sees thing differently than I do.

I blame much of the inner city issues in Baltimore and other major cities on the failed experiment of The Great Society, where government has infiltrated, and help break up, the family by introducing incentive killing entitlements. Marriage rates have tanked, leaving many youngsters to be raised without a Dad, or in many cases, without parents.

Entitlements from the government have placed many low income inner-city individuals and families in a box, with decreasing avenues of escape; just as it has been planned. School choice, ended by President Obama who frowns upon folks leaving the inner city for the suburbs, has reduced opportunities for those who seek to advance their education beyond the capabilities of the inner-city schools.

Government has established a permanent voting base in these cities, for those who are in regular receipt of the entitlements will likely never vote to have them taken away.  Of course, they fail to recognize they have become a slave to the state.  Do they even know the are rioting against the Man while voting to become a continuous slave to the Man in supporting the progressive Democrats.

There is no easy answer here. However, I have a few simple ideas:

*Faith needs to regain its rightful place as the centerpiece ones spirit.
*The family needs to re-established as paramount.
*The election of city leaders who inspire greatness; not race hustlers who claim the residents are victims. As noted in Proverbs 29:2, "When the righteous are in authority, the people rejoice; but when the wicked beareth rule, the people mourn."
*Firmly establish the rule of law.  If the city is lawless, commerce and brotherhood is lost.
*Educational opportunities need to be expanded, not squelched.
*Mentoring is a vehicle which can provide a vision for youngsters to find avenues of success
*Freedom; the removal of shackling governmental regulations and taxation, assisting in the establishment of the entrepreneurial spirit and individual discipline required to achieve gainful employment.  Freedom to try, buy, sell and fail.
*Elimination of the grievance industry.  No reparations, no social justice; just free market capitalism.

Why not give it a try?  Free market capitalism is the equivalent of basketballs' unstoppable sky hook shot, a staple of Abdul-Jabbar's game.  After all, how's the progressive big government Great Society working for the inner city folks?  It is where dreams go up in flames; literally and figuratively.