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Tribute to Margaret Thatcher (October 13, 1925 – April 8, 2013)

Margaret Thatcher was a friend to the United States and the principles of liberty. She rescued the U.K. from economic malaise with economic policies that empowered the individual and harnessed the power of the marketplace. She joined with Ronald Reagan to win the Cold War using the “peace through strength” doctrine. She empowered her people, strengthened her nation, and made the world a safer, better place. She will be missed.

Americans Are Migrating to States with Lower Taxes and Less Regulation

by John Merline   red state blue state

Americans are migrating from less-free liberal states to more-free conservative states, where they are doing better economically, according to a new study published Thursday by George Mason University’s Mercatus Center.

The “Freedom in the 50 States” study measured economic and personal freedom using a wide range of criteria, including tax rates, government spending and debt, regulatory burdens, and state laws covering land use, union organizing, gun control, education choice and more.

It found that the freest states tended to be conservative “red” states, while the least free were liberal “blue” states. [Read more...]

The economy, jobs, and energy and carbon taxes

George Landrith, president of Frontiers of Freedom, issued the following statement:   GL Speaking 1

The economy is not some theoretical concept or ivory tower idea. A strong economy means that Americans have jobs and growing incomes. It means that families can provide their children with the care and opportunities that will provide for a bright future. Conversely a weak economy means fewer jobs and less opportunity. It means lower incomes and it means that families have to do without.

Too often big government slows the economy by taxing and spending too much. Those who support more and more government taxes and spending always argue that government can do something good with the money. But the problem with that argument is that families and businesses also can do a lot of good with that money if government doesn’t take it away from them. [Read more...]

The truth about the minimum wage

by Gordon Jones   Minimum Wage

In early 2011, the Senate Judiciary Committee held a hearing on the constitutionality of ObamaCare (né the Affordable Care Act of 2009). One would think that the time for such a hearing might be before passage of the act, but that is the way we do things around here, and besides, that is not the point of this column, which (as you can see from the title), is about the minimum wage.

The point derives from an exchange between Utah’s freshman (very fresh at the time, only a day or two old) Senator Mike Lee and Walter Dellinger, heavyweight lawyer, professor of constitutional law at Duke University, Assistant Solicitor General, presidential legal adviser, and then Acting Solicitor General in the Clinton Administration. In the course of the exchange, Lee wondered why, if the Interstate Commerce Clause would support a requirement for everyone to buy insurance, it wouldn’t support a requirement that every citizen buy (if not actually consume) three servings of leafy green vegetables every day. (That was in the heady days when supporters of ObamaCare still thought it was a regulation, before Chief Justice Roberts discovered that it was actually a tax.) [Read more...]

“Pay-up, or you’ll regret it!”

by George LandrithObama Mob

Dr. Thomas Sowell, the Stanford University based economist, wrote this week that when he was teaching he would ask his students to consider this: “Imagine a government agency with only two tasks: (1) building statues of Benedict Arnold and (2) providing life-saving medications to children. If this agency’s budget were cut, what would it do?” Sowell posits that the agency would naturally cut back on medications for children. He explains that is the only result that would lead to getting the budget cuts restored. And he pointedly explains why the government wouldn’t cut back on the silly statues: “If they cut back on building statues of Benedict Arnold, people might ask why they were building statues of Benedict Arnold in the first place.”

Dr. Sowell is absolutely correct! Years ago, when I served on a local school board I witnessed this almost reflexive response every year the budget was tight. The most absurd things were never offered for cuts. They always threatened to cut the things that would most outrage the public. They talked about cutting bus routes for kids that lived far away from schools. They talked about crowded classrooms. [Read more...]

The buck still stops with the president

by Nolan Finley  The Buck Stops with Bush, Not Obama

Playing the crisis card won’t work forever for President Barack Obama. At some point, the people will expect their leader to lead.

And the president hasn’t yet demonstrated the will to do so. Instead, he answers monumental moments such as the upcoming sequestration deadline with brinksmanship and blame-gaming.

For now, the approach is working. A Pew/USA Today poll last week found decisively more voters blame [Read more...]

Ronald Reagan’s First Inaugural Address: “We are a nation that has a government–not the other way around.”

“We are a nation that has a government–not the other way around. And this makes us special among the nations of the Earth.”

by Scott L. Vanatter

The claim is made that the most important political event in history was neither the writing of the Declaration nor the crafting or ratification of the Constitution which secures our rights. It was neither of these two monumental accomplishments; it was the peaceful transition of the control of the executive office of the United States of America from George Washington to John Adams. [Read more...]

Ronald Reagan’s Farewell Address to the ’88 Republican National Convention

“Our party speaks for human freedom, for the sweep of liberties that are at the core of our existence. . . . Together we’ve fought for causes we love. But we can never let the fire go out or quit the fight, because the battle is never over. Our freedom must be defended over and over again — and then again.”

by Scott L. Vanatter

At the end of a Super Bowl the winning head coach can rightly point to the day’s game plan, key plays, and stats. All these and more contributed to what was accomplished by the team – led by the coach.

At the end of his time in office, a successful two-term president can rightly point to the administration’s fundamental principles and key policies. All these and more produced the real-world accomplishments – led by the president. After eight years of concrete success and indisputable accomplishment President Reagan reported to the 1988 Republican National Convention. Prior to being elected Reagan had carefully and overtly taught — yes, taught — the country the key principles on which the Founders based the U.S. Constitution and preserved American culture. [Read more...]

[Flashback interview] Retired Senator Malcolm Wallop: “Frontier Freedom”

“America needed to define its interests. . . . The first, foremost obligation is defense of the homeland. . . . (2) We are a trading nation. We need access to our markets and we need for those markets to be reasonably secured. . . . (3) We are a communicating nation which needs access to space, access to the seas. (4) We are a studying nation. Scholarship from science is important to the whole world and those people need to be able to be safe and secure in what they do. (5) Our hemisphere is quite important. If there’s not security in our hemisphere, there’s not security in the homeland. (6) Finally we are a nation with some conscience. It means alliances are extremely important when they’re based on a national interest. We have to have the ability to sustain our presence within those alliances.”

wallop

by Rick Henderson & William H. Mellor III*

November 1, 1995

In the introduction to The Almanac of American Politics 1996 , Michael Barone asserts that the election of 1994 signaled that the nation seems to be returning to a “Tocquevillian America, to something resembling the country that French aristocrat Alexis de Tocqueville visited in 1831 and described in his Democracy in America. Tocqueville’s America was egalitarian, individualistic, decentralized, religious, property-loving, lightly governed.” [Read more...]

Federal Spending Up 78% After Inflation Since 1998

“If we had kept government spending down to just increases for inflation and population growth, we wouldn’t be in the trouble we’re in now.”

by David Hogberg

Spending chartPresident Obama says he wants a “balanced” approach to the fiscal cliff. But critics argue the real problem is spending, which has far outstripped rising tax revenue as well as economic growth.

Federal government revenue rose from $1.7 trillion to $2.4 trillion from fiscal 1998 to 2012, slightly exceeding inflation. Revenue growth averaged 2.9% annually, despite two recessions, bear markets — and tax cuts.

But federal spending rose nearly twice as fast — 5.7% per year — surging from $1.6 trillion to $3.5 trillion over that same span.

The spending spike also exceeds growth in the population. [Read more...]

Fiscal Crisis: Failing the Details, Math and Leadership Tests

fiscal cliffby George Landrith

President Barack Obama repeatedly chided Mitt Romney’s budget plan during the presidential campaign on at least two grounds: (1) it lacked detail, and (2) the math didn’t add up. Perhaps, we should use these two standards to see how Barack Obama’s plan stacks up. There is more than a little irony in Barack Obama criticizing others for not providing details or for their math not adding up. Obama has always been short on details and his math has almost never passed even the straight face test, much less actually adding up.

Nonetheless, let’s apply these two standards — (1) are there sufficient details? and (2) does the math add up? — to evaluate Barack Obama’s proposals for solving the so-called fiscal cliff. [Read more...]

George Soros and PBS vs. Art Laffer

Children Health Dental Careby Kerri Toloczko

Capitalism is good for everyone. Entrepreneurs access financial resources to create businesses. Businesses hire workers, and workers provide services to consumers. Consumer payments create profit, leading to more services,employees and entrepreneurs.

And according to one of America’s foremost economists, capitalism is even good for children’s teeth. You’d think everyone would be happy. But of course, they’re not.

Mainstream dentistry and Medicaid have habitually underserved low-income children — with painful consequences. Chronically untreated cavities can turn into painful abscesses, leading to costly Emergency Room visits and excruciating pain for a preventable problem. Poor children without dental care often suffer long-term health issues, school absences and even death. [Read more...]

Ronald Reagan, “What Ever Happened to Free Enterprise”

“Will we, before it is too late, use the vitality and the magic of the marketplace to save this way of life, or will we one day face our children, and our children’s children when they ask us where we were and what we were doing on the day that freedom was lost?”

by Scott L. Vanatter

Before he was elected president Ronald Reagan delivered a series of speeches on various aspects of the American experience. He focused on core principles: our founding, our freedoms, our economy, and especially and repeatedly on the great promise of our being the Shining City on the Hill.

Thirty-five years ago this month, on November 10, 1977 , the future president spoke at the Ludwig Von Mises Memorial Lecture at Hillsdale College, Michigan. His remarks were titled, “What Ever Happened to Free Enterprise.” [Read more...]

Mandates, Taxes, Spending Cuts and Crazy Talk

by George Landrith

After a long, tough campaign, Barack Obama won reelection by a slim 51% to 49%. Now Obama is claiming a broad mandate to increasing taxes and demands that Congress yield to his view that there must be a higher tax burden for the wealthiest Americans.

Obama is correct that he made tax increases an issue during his reelection campaign. But so did the Congressmen who comprise the majority in the U.S. House of Representatives. GOP Congressmen won reelection opposing tax rate increases on any Americans. [Read more...]

Post-Mortem Analysis: Why Romney Lost, Why Obama Won

It turns out that Obama’s ground game, was in fact, as good as they said it was. Supported by as negative and polemic a campaign as an incumbent ever ran.

by Scott L. Vanatter

“A picture is worth a thousand words.” A thousand pictures will be painted in post-election analysis. A thousand time over. Here’s one.

It takes a pretty good team to make it to the Super Bowl. Good and great players and coaches; an astute general manager and smart owner, scouts and staff. How the team deals with injuries and setbacks. Strength training and conditioning. Attitude, execution, an effective game plan — and a bit of luck. (Note: “Luck is what happens when Preparation meets Opportunity.”) [Read more...]

Obama has no idea how the economy works

If Obama Frownthe last four years were not convincing enough, President Obama proved during Tuesday night’s debate that he has no clue how the economy works. His stated economic proposals are nothing but reheated talking points from 2008, and they are as unrealistic now as they were then.

Despite his falsely professed faith in markets, the President shows by his actions and policy proposals that he really believes the only way economies thrive is when they are directed by government policy-makers and bureaucrats who are empowered to choose the “correct” economic outcomes. [Read more...]

Is Obama Buying the Election With His Welfare Explosion?

by Larry KudlowObama Cartoon

With the unprecedented budget explosion of means-tested, welfare-related entitlements, does Team Obama think it can buy the election?

It’s a cynical question. But I wouldn’t put it past that cynical bunch.

Remember Harry Hopkins, Franklin Roosevelt’s close aid? It was Hopkins who argued tax and tax, spend and spend, elect and elect. Sound familiar? And if I’m not mistaken, the high-tax, anti-rich, big-spending, redistributionist FDR is one of President Barack Obama’s idols.

So let’s take a look at some of the recent budget-explosion data points: [Read more...]

Fact-checking President Obama

by George Landrith

Let’s fact check President Barack Obama’s debate statements. He spent a lot of time since the first debate and during the second debate complaining that what Gov. Mitt Romney said wasn’t true. Yet, the facts do not support Obama’s claims. Here is the proof on Obama’s poor record on truthfulness during the second debate:

The attack in Libya — a terrorist attack? Or a spontaneous protest that got out of hand because of an offensive internet video?

On the issue of Libya, Obama said, that the day after the Sept. 11, 2012 attack on the American Consulate in Benghazi, “I stood in the Rose Garden and I told the American people and the world that we are going to find out exactly what happened. That this was an act of terror and I also said that we’re going to hunt down those who committed this crime.”

Romney challenged Obama’s characterization that he had identified the Benghazi attack as terrorism on day one. Obama doubled down. Just as Romney was about the snare Obama in his lie,  the the moderator erroneously sided with Obama and claimed that he had identified the attack as terrorism. After the debate, the moderator admitted that she was wrong and that Romney was correct. But let’s not rely on her retraction and correction, let’s go straight to the record. [Read more...]

Second Presidential Debate: Live Coverage & Commentary

by George Landrith

Post Debate Analysis:  Obama improved from the first debate, but he still lost tonight. CBS’s post debate poll said that Romney won 2 to 1. Obama’s biggest problem was that the facts are not on his side. For example, on unemployment, food stamps, reduced household incomes, higher food prices, and more costly gasoline and energy Obama has a real problem. There is not smooth talking that will fix those problems. [Read more...]

Presidential election: Who can ignite economic and job growth?

By Charles R. Schwab

Every American voter is approaching a critical decision. Of the two presidential candidates before us, who is best suited to lead our nation through the next four years?

The answer to that question is a simple test: can they ignite economic growth? The economic crisis we face is our greatest threat, affecting every American. For investors – and today over half of Americans are investors in some form – this issue is particularly pressing as it impacts not just their financial situation today, but also their retirement and other long-term goals. Economic growth is the only ingredient that will help pull the country out of its present funk and allow us to solve our pressing issues. [Read more...]