Vladimir Lenin had a much simpler time of it. Following the October Revolution, he swiftly nationalized nearly all industry, commerce, and agriculture in the Soviet Union. Those who opposed the takeovers, such as those millions of small landowners known as the kulaks, were executed or sent to die in Siberia.
American leftists are far more civilized. Rather than send landowners and stockowners to Siberia, they simply raise federal and state taxes to combined marginal rates of 60% and subject the rest to estate taxes after the owner dies. If the owner fails to pay up, he is marched off to prison. Meanwhile, corporations are subject to another form of control: the tyranny of activists on government agencies that view the private sector as the means of social change. Continue Reading »
8/25/2010 – Michael Strong –
University faculties are often ignorant of the fact of entrepreneurial value creation. One such faculty member is the influential human rights scholar Judith Blau, Professor of Sociology at the University of North Carolina-Chapel Hill. Through her membership in the American Association for the Advancement of Science (AAAS) Human Rights Coalition she defines the human rights agenda for the world’s largest and most prestigious scientific association. Through her leadership of Sociologists Without Borders she promotes an activist “public sociology” agenda internationally. She has published dozens of articles and more than a dozen books, and she has served on numerous professional committees, advisory boards, editorial boards, etc. Continue Reading »
8/21/2010 – Jeffrey Folks –
Revised numbers from the Labor Department show negative job growth during June 2010. For each job opening, there were five persons looking for work, and 300,000 fewer workers were hired in June than in May. The ride down continues.
Meanwhile, Treasury Secretary Geithner, erstwhile cheerleader for the Obama economic team, announces that unemployment rates could rise “for a couple of months.” “Of course we want to do what we can,” says Geithner, but what we’re doing is just not working. Continue Reading »
If there was ever any question what Feisal Abdul Rauf, the imam behind the Ground Zero mosque project, thought about America, the latest audio clip uncovered by Pamela Geller on her Atlas Shrugs blog should remove any doubt. In the 2005 lecture the “moderate” imam said this about our country:
“We tend to forget, in the West, that the United States has more Muslim blood on its hands than al Qaida has on its hands of innocent non Muslims. You may remember that the US-led sanctions against Iraq led to the death of over half a million Iraqi children. This has been documented by the United Nations.”
8/23/2010 – Carol A. Taber –
A couple of weeks ago, Sarah Palin suggested that President Obama lacked the requisite “cojones” to stand up for border security. She should have waited.
If she had, she would have seen that President Obama’s lack of cojones extends far beyond border security — it extends to our national security more broadly. President Obama, simply put, has no cojones when it comes to defending and protecting this nation from threats at home and abroad. His leadership style is more waxed chest and eyebrow trim than alpha male; he’s our first metrosexual president, an elitist who believes that sweet-talking and willful blindness to the nature of our enemies are a recipe for a success. Continue Reading »
8/20/2010 – Andrew Malcolm –
Just a few minor things to catch up on for the weekend now that the Fundraiser-in-Chief has gone on another vacation (Don’t worry though. White House chef Sam Kass went along, so the first family need not eat ordinary human food.)
— The Congressional Budget Office says the 2010 federal deficit will be in excess of $1.3 trillion, as in $1,000,000,000,000+. (BTW, the next level we’ll be talking about out of Washington is quadrillion, which has fifteen 0’s.)
— Despite Vice President Joe Biden’s April boast that administration stimulus spending would spur the economy to add a half-million jobs a month by now, initial unemployment claims jumped a half-million last week, the worst since last November, as national unemployment remains at 9.5% and the economy sheds 131,000 more jobs. Continue Reading »
America’s economic situation needs an emergency heart transplant, but Obama and the Democrats keep offering band-aids instead. We need a major change in government economic, tax, and fiscal policies not more government bailouts. Yet the president is doing nothing to reverse the enormous uncertainty fostered by his own administration’s aggressive anti-business and pro high-tax initiatives and rhetoric.
In the latest indication that our president has no clue why businesses are struggling and unwilling to hire, Obama is trying to force through another $30 billion government bailout program to “help banks boost lending to small businesses.” Unfortunately, it’s not the lack of available funds that are stopping businesses from expanding and generating new jobs. It’s the massive economic uncertainty and instability created by misguided government mandates (especially the oppressive regulations of ObamaCare), coupled with the massive tax increases coming in January 2011, that have spooked companies and forced them into defensive economic positions. Continue Reading »
8/19/2010 – Bruce Walker –
One of the unspoken truths of the political and ideological wars which rage around us is the civility gap between the left and conservatives. Anyone who has fought in these battles knows just what I mean. To be sure, there are exceptions among conservatives, those who are not civil, but they receive no quarter from the broader conservative movement.
Once — long ago — when I used to respond to leftist e-mails about my articles, I knew from the first few words of their e-mails what sort of people they were: angry, arrogant, and nasty. Continue Reading »
John Galt is the mysterious hero lurking in the background in Ayn Rand’s infamous novel, Atlas Shrugged. He is the industrialist who went into hiding and led a strike of producers fed up with the physical and moral encroachment from a government of moral supremacists who rationalized theft with childish notions of fairness but no conception of the actual production of wealth. That synopsis should also explain why Atlas Shrugged, first published in 1957, is having a very strong resurgence in popularity.
I meet with two different groups of independent business owners focused in the southeast and their perception of current business conditions is almost unanimous. They are angry. They face conflicting and unclear regulations, and a near certainty of increasing taxes . They are impatient. Many are not profitable and are unable and unwilling to tolerate customers who cannot pay, employees who do not think, banks without judgment, and a government that despises their efforts to create wealth and jobs. Continue Reading »
From the archived pages of Imprimis, the monthly speech digest of Hillsdale College, President Ronald Reagan reminds us that economic freedom is an absolute necessity not only for political freedom, but for all freedom. That freedom must be fought for and protected in every generation. That the business community must join this fight and not remain passive.
“It all comes down to this basic premise: if you lose your economic freedom, you lose your political freedom and in fact all freedom. Freedom is something that cannot be passed on genetically. It is never more than one generation away from extinction. Every generation has to learn how to protect and defend it. Once freedom is gone, it’s gone for a long, long time. Already, too many of us, particularly those in business and industry, have chosen to switch rather than fight.”
President Reagan clearly understood that government action is the biggest threat to our economic freedom and personal freedom. He correctly identified the government as the problem, not the solution: Continue Reading »
8/14/2010 – Frank Burke –
While it is not yet known whether “the rise of the oceans began to slow” since the nomination/election of Barack Obama, it is clear that Lake Michigan hasn’t, thanks to the recent infusion of more than two billion gallons of raw sewage, courtesy of the City of Milwaukee. This is a not-uncommon occurrence due to the fact that the city’s storm and sanitary sewers are one and the same and, despite a massively expensive “Deep Tunnel” reservoir, a heavy deluge not only impacts the lake, but causes a backflow into thousands of local homes. Another storm in June of 2008 resulted in a 2.9-billion-gallon spill. Continue Reading »
In what can only be described as a partisan, pro-Obama puff piece, The New York Times has now proclaimed on its Economix Blog that tax increases are the best way to “stimulate” our economy and help America reach “fiscal sustainability”:
The single biggest step our government could take this year to address the structural deficit would be to let the tax cuts expire. And a credible commitment to long-term fiscal sustainability should reduce interest rates today, helping to stimulate the economy.
President Obama has pledged more of your money to protect the unions and secure their vote. The administration demanded and got $26 billion taxpayer dollars to spare 300,000 teachers and other public workers from the unemployment lines.
The hundreds of billions of taxpayer money already spent by Obama and the Democrats since 2009 to pay off their union supporters was apparently not enough. Despite giving $100 billion in new funding to the Department of Education (DOE), courtesy of The American Recovery and Reinvestment Act (ARRA) of 2009, in addition to the $25 billion bailout that saved the GM and Chrysler auto union workers, more is needed to thank them for their continuing support and unquestioning loyalty. Continue Reading »
8/6/2010 – B. Chrysostom –
Reports from the extreme cold weather affecting Argentina, experiencing its coldest winter in 40 years, make a mockery out of the claim that there is any “man-caused global warming.” While some areas of the earth are experiencing some local warming trends, the southern hemisphere is experiencing unprecedented cooling. There is no consistent “global” warming going on.
8/3/2010 – Rodrigo Orihuela –
Argentina is importing record amounts of energy as the coldest winter in 40 years drives up demand and causes natural-gas shortages, prompting Dow Chemical Co. and steelmaker Siderar SAIC to scale back production.
Electricity supplied from Brazil and Paraguay rose to a daily combined record of about 1,000 megawatts on July 12, while consumption peaked at 20,396 megawatts three days later, according to Buenos Aires-based energy broker Cammesa. Shipments of liquefied natural gas are set to double this year.
Dow, Siderar and aluminum maker Aluar Aluminio Argentino SAIC are among companies closing plants, cutting output or seeking alternative energy sources after temperatures in parts of Argentina fell below those of Antarctica on July 15. Continue Reading »
The “gift” of criminal illegal immigrants keeps on giving. This is an outrage of massive proportions. Obama must seal the BORDER! Congress must ACT NOW to protect the American people! This kind of travesty cannot continue.
8/5/2010 – Dave Gibson –
Police in Williamsburg, Va., have arrested a juvenile, whose name is being withheld due to his age for repeatedly raping a 6-year-old girl. His arrest comes after two others, Tito Guirao-Aguilar, 39, and Samuel Eli Jacobo-Guirao, 20, were apprehended for victimizing the girl.
Guirao-Aguilar has been charged with three counts of aggravated sexual battery of a person under the age of 13, and Jacobo-Guirao is charged with one count of rape of a person under the age of 13 and two counts of aggravated sexual battery of a person under 13.
Both men are being held in the Virginia Peninsula Regional Jail without bond. Immigration and Customs Enforcement has also placed a hold on them. Continue Reading »