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. Continue reading
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.) Continue reading
“All six states along the proposed 2,000-mile route now support the pipeline.”
by Paul Driessen
Nearly 170 billion barrels of Canadian oil sands fuel could be recovered economically with today’s technology — 20 percent by mining and 80 percent through drilling and steam injection. Much of this oil is already pipelined to the Midwest. Far more could move from Alberta to Texas if the Environmental Protection Agency, State Department and White House finally approve the Keystone XL pipeline. Continue reading
“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. Continue reading
“You cannot create a desert, hand a person a cup of water, and call that compassion. . . . And you cannot build up years of dependence on government and dare call that hope.”
by Scott L. Vanatter
Before his first term was complete President Reagan restored the American economy and revived the American spirit. The power and focus of his words and his policies returned America to its true identity and destiny.
Soaring rhetoric must be supported by real accomplishment. Otherwise the words are empty, the sentiment is trite. Too often national leaders only give lip service to the lofty principles which Reagan carefully and continually taught. Worse, when some leaders overtly deprecate the Founding principles, America fails to preserve and advance our precious freedoms. Tyranny is never more than a generation away from falling on us. Americans need to continually self-inoculate against a creeping tyranny. Continue reading
“The preservation of the sacred fire of liberty and the destiny of the republican model of government are justly considered, perhaps, as deeply, as finally, staked on the experiment entrusted to the hands of the American people.” George Washington, First Inaugural Address, April 30, 1789
December 31, 2012
As we approach 2013 we also review some of our must read articles from 2012. Please see below for several timely pieces by George Landrith on various topics, such as, taxes, the fiscal cliff, the economy, jobs, the election process and results, foreign policy, government largess, energy, and the Constitution. Continue reading
“Higher wages or lower unemployment? It is a wrenching choice. . . . Think of the moral calculus. Lower wages cause an incremental decline in one’s well-being. No doubt. But for the unemployed, the decline is categorical, sometimes catastrophic — a loss not just of income but of independence and dignity.”
by Charles Krauthammer
For all the fury and fistfights outside the Lansing Capitol, what happened in Michigan this week was a simple accommodation to reality. The most famously unionized state, birthplace of the United Auto Workers, royalty of the American working class, became right-to-work.
It’s shocking, except that it was inevitable. Indiana went that way earlier this year. The entire Rust Belt will eventually follow because the heyday of the sovereign private-sector union is gone. Globalization has made splendid isolation impossible. Continue reading
by George Landrith
With a long history of federal overspending and the recent explosion of more federal debt, it is obvious that the federal budget must be cut back to a reasonable size. We need an intervention. But the Budget Control Act — which would force an “automatic sequester” of $500 billion in across-the-board defense spending cuts over the next decade, in addition to the $487 billion in defense cuts already scheduled — is not a good solution to our spending crisis. Continue reading
“Every other employment indicator is worse today than it was in January 2009.”
Editorial: Investor’s Business Daily
November 02, 2012
President Obama holds up a printed copy of his jobs plan at a campaign event at Burke Lakefront Airport in Cleveland on Thursday
President Obama wants four more years because, he says, things are getting better and this is no time to turn back. And the latest jobs report to be released before the election appeared to hold good news, showing the economy created 171,000 jobs in October.
But you don’t have to look very hard to see that Obama has the worst jobs record of any president in modern times.
Despite 40 months of economic recovery, the number of payroll jobs today is just 0.1% above where it stood when Obama took office, and it’s still 4.3 million below the previous peak. Continue reading
by Andrew Stiles
President Barack Obama appears to be doubling down on his policies of using taxpayer money to finance green energy investments despite an increasingly spotty track record.
“We’ve got to control our own energy, you know, not only oil and natural gas, which we’ve been investing in, but also, we’ve got to make sure we’re building the energy source of the future, not just thinking about next year, but 10 years from now, 20 years from now,” he said during Tuesday night’s presidential debate. “That’s why we’ve invested in solar and wind and biofuels, energy-efficient cars.” Continue reading
You got that right, Mr. President, you might even say it is damn inconvenient.
by George Landrith
President Barack Obama, during an interview on the Comedy Central’s Daily Show with Jon Stewart responded to a question about his inaccurate and even misleading communications after the Benghazi attack, by saying: “If four Americans get killed, it’s not optimal.” Not optimal? Really? Let’s review a few other things that are “not optimal.” Continue reading
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. Continue reading
If you want more time to get your message out in debates, it’s good to be a Democrat. According to the CNN debate clock, President Obama spoke at greater length than Mitt Romney during both debates, as did Vice President Biden during his debate with Paul Ryan. In the first debate, Obama spoke for 3 minutes, 14 seconds more than Romney — which means he got 8 percent more talking time than Romney. In last night’s debate, Obama spoke for 4 minutes and 18 seconds longer than Romney, giving him 11 percent more talking time. During the vice presidential debate, the gap wasn’t as wide: Biden spoke for 1 minute, 22 seconds more than Ryan. Still, that gave Biden 3 percent more speaking time than Ryan. Continue reading
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. Continue reading
by Peter Morici
This election should be about the economy — the recovery is too slow and Americans are hurting. The performances of President Obama and Vice President Biden in the debates on the campaign trail tell us why. Both say endlessly that they inherited a huge mess, but Americans have seen challenges like these before — and with better leaders, they licked those more quickly.
When Mr. Obama took office, financial markets were in turmoil. Unemployment peaked at 10% in October 2009. Continue reading