Spreading the Poverty

Thomas Sowell has yet another great article today at Townhall.com:
The idea of redistributing wealth has turned into the reality of redistributing poverty, in countries where wealth has fled and the production of new wealth has been stifled by a lack of incentives.
He continues:
Politicians telling businesses how to operate? That’s been tried in countries around the [...]

Read Full Post »

Economic Parallels? Obama’s America and Argentina

I’ll spare you the policy wonk fun from Heritage, but check out this quote from some post-baseball season “light reading” (fully story here):
The country’s current left-wing government, led first by Peronist Party leader Néstor Kirchner (presi­dent from 2003 to 2007) and now by his wife, Presi­dent Cristina Fernández de Kirchner, has used revenues from commodities [...]

Read Full Post »

The Fruits of Socialism

Here are great current event illustrations of supply and demand, inflation, prices, and government intervention in a socialist economy.
Venezuela’s Central Bank says the annual inflation rate has hit 36 percent in the Caracas metropolitan area as food prices soared.
Prices for goods and services, health and restaurants also showed strong gains. Inflation [...]

Read Full Post »

Government Health Care? Hawaii Experiment Fails.

From the AP:
Hawaii is dropping the only state universal child health care program in the country just seven months after it launched.
And this shocker- people were dropping their expensive coverage to get “free” government health care for their children.
“People who were already able to afford health care began to stop paying for it so they [...]

Read Full Post »

What’s Yours is Mine – Karl Marx Obama Spreads the Weath

Nice.  Those evil fat cat plumbers and other small business owners need to be more patriotic:

Democracy is a form of government that cannot long survive, for as soon as the people learn that they have a voice in the fiscal policies of the government, they will move to vote for themselves [...]

Read Full Post »

Pay What You Can – Home Loans = Student Loans

After the government drama of the last few weeks, a few ideas/steps remain clear:
1) Credit is now a civil right in this country. Why not amend the Constitution?
2) Therefore people who could not traditionally qualify for credit (home ownership, credit cards) are now and will continue to receive it
3) Banks who do not extend credit [...]

Read Full Post »

Sarah Palin Radio Interview on Hugh Hewitt

Sarah Palin gives a normal interview on the Hugh Hewitt Show.  She talks to Hugh about the media, the attacks, and other topics for ten minutes.
Here’s audio the link.
Here’s the transcript.

Read Full Post »

Do we really need a bailout?

Great article from CNN this morning:
Commentary: Bankruptcy, not bailout, is the right answer
The fact that government bears such a huge responsibility for the current mess means any response should eliminate the conditions that created this situation in the first place, not attempt to fix bad government with more government.
The obvious alternative to a bailout is [...]

Read Full Post »

Unity Obama – McCain Deserves No Credit for Bailout

Words come to mind when I read these articles- jerk, arrogant, buffoon- but none really are accurate enough.  We are in an age where truth does not matter, experience is a liability, and your presentation is king.
Obama says McCain has done nothing to help with the bailout.
Fox News has Obama’s comments about the bailout:
Asked during [...]

Read Full Post »

Suggestions from a Successful Bank

How can there be any successful banks during this time?  Weren’t they all greedy?
No.
Via National Review, SC Conservative has the scoop from BB&T CEO John Allison. These are suggested guidelines for the bailout package. He submitted this list to all members of Congress.
Here are a few highlights:
1) Freddie Mac and Fannie Mae are the primary [...]

Read Full Post »