Economics Archives

Political Cartoon: Invest Wisely

From Mike Lester (click for larger version):

Bail? Fail.

Thanks to Senate Republicans, the auto bailout didn’t happen.  For now.  The UAW, et. al. may just be biding their time until there are more Democrats in the Senate (i.e. January).  More analysis (and specific credit to Sen. Bob Corker) from Francis Cianfrocca at RedState.

All the Blame, None of the Credit

When gas prices were quite a bit north of $4, Democrats blamed Bush’s policies.  Now that they’re down to $1.50, do they give him the credit?

Cue crickets.

Here’s another one; when the dollar was tanking against foreign currency, it was blamed on Bush.  But in the past 6 months, as Don Surber notes, the dollar has rallied against many currencies.  Credit where credit is due?

Keep the crickets handy.

In fact, neither of these events may be directly related to Bush policies, but if you’re going to blame him when things go bad, you should be at least intellectually honest when things go well. 

Unless everything is partisan, no matter what it is. 

Change? Did I Say "Change?"

A few links covering much of the non-change the Obama administration is giving us.

* The Audacity of Patience on RedState, noting status quo in cabinet appointments, the Bush tax cuts, but mostly the closing (or not) of Gitmo.

* The Washington Times:  "Don’t ask, don’t tell"?  Don’t hold your breath.

* The New York Times (yes, that New York Times):  Reality rears its ugly head regarding Iraqi forces.  I like this line:

“I said that I would remove our combat troops from Iraq in 16 months, with the understanding that it might be necessary — likely to be necessary — to maintain a residual force to provide potential training, logistical support, to protect our civilians in Iraq,” Mr. Obama said this week as he introduced his national security team.

Yes, I’m sure that’s the catchy way he said it in all his speeches.

Are Two Cars More Economical Than One?

That what the NY Times seems to think.  In today’s editorial (hat tip NewsBusters), we find this sentiment.

Experts say that Detroit’s automakers could achieve 43 m.p.g. by then even without technological breakthroughs. If the companies were willing to make smaller cars, they could achieve 50 m.p.g. Congress could consider demanding that Detroit simply phase out S.U.V.’s and vans by a certain date.

Eight years ago, my family exceeded what I called "critical mass"; we no longer all fit in a sedan, legally or comfortably.  So now when we drive about 1,000 miles to visit my folks or even the 10 miles to visit my wife’s, we should drive 2 sedans?  That’s more economical and green…how, exactly?

From Chuck Asay.  Click for full-size version.

On major things like global warming and the economy, expert opinions are good to have, but if we jump to conclusions too soon we may not have the whole story.  And predicting the future has been notoriously difficult, even for the experts.

Political Cartoon: Jumpstarting the Economy

From Chuck Asay:

Chuck Asay cartoon

Back to the Future

This was the title of a post on Redstate by Aaron Gardner, regarding where the Republican Party goes from here.  Gardner started, as his foundation of what the Republicans need to stand for, from the party platform of 1980, when Reagan was swept into the White House with 489 electoral votes.  He made some of his own modifications, but overall the (lengthy) statement stands as a good starting point.

Read the rest of this entry

Thoughts for Election Day

Work and family have kept me from posting much lately, and today is the last shot before Election Day.  So here are my thoughts about the main issues for this election and why I think John McCain stands on the correct side of each of them.

Abortion

Barack Obama’s answer to Rick Warren, that the question of when life begins was "above my pay grade", should disqualify him from consideration by anyone who is concerned about "the least of these".  Babies in the womb are arguably the least of the least of these, and while Obama claims he wouldn’t want to pick a point where life begins, it certainly doesn’t keep him from deciding where it ends.  It didn’t stop him from co-sponsoring the Freedom of Choice Act that would invalidate abortion laws nationwide, saying it would be "the first thing that I’d do".  In addition, the next President will likely be able to chose 1 or 2 Supreme Court justices, who may hear a case involving the FCA or other life and death matters.

Thus, if abortion matters to you, the only choice is John McCain.  And if you’re a Christian and abortion doesn’t matter to you, it should.

The Economy

Obama’s "spreading the wealth around" ideology, while not technically pure socialism, is certainly a shift in that direction.  As much as he insisted that he wasn’t penalizing someone for making it in America, he is.  If it was just for paying for the government we need, that would indeed be one thing, but wealth redistribution is not what the tax system was intended to do, and it is incredibly inefficient when shoehorned into doing it. 

As a Christian, I still don’t believe that when Jesus says that as individuals we should give to the poor, that didn’t mean that we should use the force of government to take from some to give directly to others.  I find that highly immoral.  I believe giving to the poor is a very good thing, something we are each individually commanded to do, but in no way do the ends justify the governmental, confiscatory means.

Right now, the economy is in a sad state, partly due to greed, partly due to a Democratic party that refused to see the signs.  The government has jumped in to help, with what could be argued as a "socialistic" means.  However, unlike other countries (Venezuela, anyone?), this is intended only as a stop-gap measure to get us past the current crisis.  Spreading the wealth around, and more and bigger government programs, are not the way to come out of it.  Creating more wealth and more opportunities are the way to bring ourselves out of this, and to ease poverty, and a vote for John McCain will help do that.  One main way to do this is…

Taxes

…lower taxes.  Both candidates say they want to lower taxes.  However, the income threshold where Obama would like to lower taxes itself keeps getting lower.  It started at $250,000, then $200,000, then Joe Biden talked about lower taxes for the middle class making less than $150,000.  So we don’t really know where the line is drawn.  And further, if a President Obama gets a filibuster-proof Congress, he’s not likely to veto whatever they come up with, and they’re not bound by his campaign promises.  Raising taxes in a down economy is deadly.

John McCain realizes this, and wants to lower taxes for everybody, including those who are rich enough to start small businesses and who create the lion’s share of the jobs in this country.  Class warfare rhetoric may sound good (and when all’s said and done, "spread the wealth" is class warfare), but if you penalize those who create jobs, you won’t get as many new jobs.  Simple.  In a down economy, the last people you want to penalize are the job-creators.  John McCain’s tax policy will get us out of this down economy sooner.

The War

The war on terror has multiple fronts, and one was Iraq.  It still could return to being one if we do what we did in Vietnam and leave too early.  Iraq is out of the news, and not because the election has pushed it off the front page; if there was bad news coming from there, the media would most certainly highlight it.  No, Iraq isn’t news because it’s going so well and Al Qaeda is losing.  In addition, contrary to most predictions 7 years ago, there has not been another successful terrorist attack in this country.

This is because we confronted evil where it was.  We took the fight to them; we didn’t wait for them to drop another building or kill thousands others.  Saddam Hussein was ignoring the conditions of the cease-fire without consequences, and was supporting terrorism both actively (e.g. subsidizing the families of Palestinian terrorists) and passively (turning a blind eye to terrorist training camps within his borders). 

The war was right, and we’re winning it.  Criticize the prosecution of it, especially early on, and I’ll agree with you, but overall it’s getting rid of the bad guys and keeping them away from us.  John McCain has been on the right side of each of these decisions and Barack Obama has been on the wrong side. 

Experience

Having been a community organizer, and being a Senator for 140 days before running for President is not the amount of experience required for the notional leader of the free world.  Especially when that community organization is filled with experiences like helping a 60s radical terrorist run an "educational" program that doesn’t appreciably increase education, but makes sure kids buck every authority in their path.  Barack Obama is as green as they come.  Supporting him precisely because of his brand of experience is to be incredibly naive. 

John McCain has a long history of working with both parties; something Democrats used to say that they valued.  But when a Republican who values bipartisanship campaigns for President, suddenly that doesn’t seem as important to them.  This week.  I don’t support every position that McCain has taken while making overtures to the Democrats, but I respect the fact that he makes that effort.  If you support bipartisanship, you should support John McCain.

Healthcare

Obama’s plan, while giving lip-service to choice, markets and keeping your current plan, will make it financially untenable for employers to keep whatever their current plan is and toss people into the government-run one.  He fakes to the right in the campaign, but he’ll cut to the left without you even noticing.  And once we socialize a little of the healthcare system, it’s nigh impossible to reign it back in once the cost overruns and ultimate lack of choices become apparent.  The entitlement mentality will expand and sink its claws into this area as well.  It’ll be a case of tweaking this and modifying that until…well, until Canadians don’t have any place to go to get the healthcare they need.

McCain’s plan keeps the market in place and doesn’t undermine it.  That’s true choice; giving you new ones without destroying the current ones.  If you’re pro-choice (in healthcare), vote for John McCain.

Sarah Palin

OK. she’s not technically an issue in the campaign, but I had to bring her up.  Democrats have laughed at her credentials — actual executive experience, true to her principles both in her public and personal lives, and the way she worked her way up herself in the world — even though they claim to value those principles, especially in a woman.  Turns out it’s all lip service.  Someone who exhibits the best in politics, and someone who lives up to so many ideals that people wish more politicians would have, was dismissed or demonized by the Left.  Seems they only value these characteristics in other Democrats.

While this attitude striped the veneer off many Democrats’ real motives, it highlighted what good choices John McCain will make as President.  If you truly value those ideals in any candidate for any office, John McCain is your man.  (And Sarah Palin is most definitely your woman.)

 

It’s almost Election Day, but before you vote, please consider the issues that really matter to you.  Not the sound bites or the slogans; the substance.  On many of the big issues of the day, and especially for Christians, I believe John McCain is the best choice for President.

See you on the other side.

Especially in Venezuela.  A few links from the past couple of weeks regarding the socialist "utopia".

When oil prices fall, suddenly Hugo Chavez can no longer afford to buy big guns, to finance terrorism, and to spread the wealth around.

Awash in oil, Hugo can’t even keep the lights on; electricity shortages to go along with food shortages.  As Pejman Yousefzadeh puts it, "I would delight in the Schadenfreude, but after having read this story, I feel more sorry for the people of Venezuela than I do happy to see yet another indication that the regime of Hugo Chavez is failing to provide basic services."

And when Hugo gets cranky, he starts to ponder jailing the opposition.  Without any specific charges, Chavez said of his former presidential rival, "I am determined to put Manuel Rosales behind bars. A swine like that has to be in prison."  Yup, now there’s a freedom fighter.

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