Economic Freedom

Socialism by Other Means

Obama Communist America1/4/2011 – Aaron Gee –

As I pondered the direction our government had taken over the previous year, I looked at the definition of socialism by typing “define: socialism” into Google. The first definition presented was from Princeton’s wordnet and read as follows: “a political theory advocating state ownership of industry.” The definition feels woefully lacking.

Ownership denotes control, and the state is certainly getting into the business of controlling industry. Our government has exerted control over enterprise via legislative fiat more over the last year than at any other time since FDR’s power-grab during the Great Depression. From the thousands of pages of ObamaCare to the thousands of pages of the Dodd-Frank “financial reform” bill, government power is firmly entrenched in business, and it is expanding. The more regulations the state adds, the more control it exerts. more »

Ideologue-in-Chief Obama Will Continue to Be Bad for Business

11/13/2010 – Chuck Rogér –

President Obama called the Democrats’ November 2 loss of sixty-one House seats a “shellacking.” Yet in a day-after press conference, Obama sported a self-absorbed manner, contrived reflection, and a basic misread of the American people. In a “60 Minutes” interview aired four days later, he denied that voters had repudiated his agenda. The president doesn’t understand why a center-right nation would reject a left-wing Obama. This man will not “move to the center.”

The best predictor of future behavior is past behavior. In early 2008, Senator Obama accused businesses of having cultures “rife with inside dealing, questionable accounting practices, and short-term greed.” Only ten months shy of establishing a federal regime rife with inside dealing, questionable accounting practices, and greed, the senator also warned that America’s “real problem is … that the corporation you work for will ship [your job] overseas for nothing more than a profit.” more »

Entrepreneurial Value Creation and the Professors Who Can’t Understand It

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. more »

Economy Needs Heart Transplant, Obama Offering Band-Aid

Economy Needs Heart Transplant Not Band-Aid 8/19/2010 – Chris Banescu –

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. more »

Socialist Policies Undermine America’s Economic Prosperity

The socialist policies implemented by the Obama administration and the Democrat leadership undermine America’s economic prosperity and prolong the misery for millions of companies and workers. Despite passing multi-trillion dollar government tax and spend initiatives, numerous bailouts of failed businesses, and repeated extensions of government benefits, Americans are suffering and the economy is languishing. Nationwide the unemployment rate has risen to 9.9%, while mortgage defaults and foreclosure rates have surged to record numbers. more »

Tax the Top, Hit the Middle

American Thinker | by Daniel Cross | 3/11/2010

“Tax the rich” has been the inveterate battle cry of liberals from the beginning. The left believes in creating massive entitlement and welfare programs all in the name of fairness. Equal rights, it seems, don’t apply to the wealthy. Ironically, the idea only ends up hurting the very people it’s supposed to help.

Early in 2009, Maryland raised its tax rate to 6.25% for income earners of $1 million or more and saw a decline in tax revenue as high-income taxpayers emigrated to tax-friendlier states. more »

Freedom in Free Fall

Acton| by Kevin Schmiesing | Feb. 16, 2010

If you’re known by the company you keep, then the United States may want to re-think its economic policy. The 2010 Index of Economic Freedom, a joint publication of the Heritage Foundation and the Wall Street Journal, measures the world’s nations according to a range of criteria from the ease of starting a business, to protection of property rights, to various forms of government interventions. Among the 15 “biggest losers” during the past year was the United States, placing it among the likes of Libya, Uzbekistan, Mongolia, and Venezuela. more »