The day’s Top political News:
Obama Job Approval Slips to 58 Percent
President Barack Obama's job approval rating fell to 58% in Gallup Poll daily tracking from June 16-18 -- a new low for Obama in Gallup tracking, although not dissimilar to the 59% he has received on four other occasions.
Thirty-three percent of Americans now disapprove of the job Obama is doing as president, just one point shy of his record-high 34% disapproval score from early June.
NOTE: These figures show a downward shift for Obama that is statistically unimportant. Basically, they are unchanged.
HOWEVER There is more, much more.
An un-scientific survey by AOL shows 58% of Americans say they have changed their opinion of Obama in “the past few months”. Even more troubling for Obama and his handlers are the figures on his job approval from that same group: 69% say they do not approve of the job Obama is doing. The sample is not random and likely is skewed greatly toward younger, more affluent, better educated people. Only members of AOL.. but almost 170,000 felt moved to vote.
The trend is against Obama among a group that supported him during the campaign. Almost 70% disapproval of the job being done is very bad news for any administration – including the Mullahs in Iran. It’s just a matter of our not having people in the streets of this country.
WAIT A MINUTE – arent Obama opponents planning street demonstrations July 4? Hmmm.
Meanwhile, from another source:
Daily Presidential Tracking Poll
The Rasmussen Reports daily Presidential Tracking Poll for Monday shows that 33% of the nation's voters now Strongly Approve of the way that Barack Obama is performing his role as President. Thirty-four percent (34%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -1. Today is the second straight day the President’s rating has been below zero.
Among those who are politically liberal, 64% Strongly Approve. So do 40% of moderates. However 61% of conservatives Strongly Disapprove (see other recent demographic highlights).
The Presidential Approval Index is calculated by subtracting the number who Strongly Disapprove from the number who Strongly Approve. It is updated daily at 9:30 a.m. Eastern (sign up for free daily e-mail update). Updates also available on Twitter.
Most voters still place the blame for our nation’s economic woes on the Bush Administration, but a growing number say it’s Obama’s economy now. The number blaming Bush has fallen to 54%. That’s down eight points from a month ago.
Consumer confidence, while still up since the beginning of the year, has retreated to its lowest level in two months. For the latest polling updates on other topics in the news, please visit the Rasmussen Reports home page.
Overall, 54% of voters say they at least somewhat approve of the President's performance so far. Forty-five percent (45%) disapprove. For more Presidential barometers, see Obama By the Numbers.
For the full Rasmussen story, go to:
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
NY Governor Paterson To NY Senate: Work Together, Or Else
Governor Calls For Special Session, Threatens To Call Legislative Sessions Every Day Until Resolution Is Reached
Since two dissident Democratic senators teamed up with Republicans to form a coalition government and oust Majority Leader Malcolm Smith, angry Democrats have refused to take part in Senate sessions and have hidden bills and agendas from the coalition. Paterson threatened both sides that they'd better show up to the special session or he'll schedule sessions on weekends and holidays until they find a resolution.
While the governor can't force senators to vote on or debate bills, the New York Constitution grants him the power to call a special legislative session – and experts say he can even keep the senators in the state house with the help of state police.
http://wcbstv.com/topstories/senate.paterson.albany.2.1053517.html
N.Korea accuses Obama of nuclear war plot
North Korea has accused US President Barack Obama of plotting a nuclear war on the communist nation by reaffirming a US assurance of security for South Korea, the North's state media said.
In a first official response to last week's US-South Korean summit, the state-run weekly Tongil Sinbo said in its Saturday edition Obama and South Korean President Lee Myung-Bak "are trying to ignite a nuclear war".
NKorea is rumored to be planning a launch of a 4,500 mile missile July 4, and a N Korean ship suspected of carrying illegal nuke material is being shadowed by a US destroyer. Tensions are high.
http://www.breitbart.com/article.php?id=CNG.33b78ee19629f3815e9f9ef7e17315dc.281&show_article=1
Opinion:
Twitter, tweeter, and technology of communicating reality in the streets
I have been struck of late by the introduction of cell phone photos and Internet communications as the riots in Iran are being covered.
We are becoming accustomed to the grainy, shakey, badly focused images of people rushing up and down streets. The video clips are played over and over and over. I have watched one hapless Irani being cuffed and manhandled into a maroon van, for about seven times.
The turbaned Mullahs have shut down real coverage – a sign they don’t want the world to see what they are doing. Who can blame them.
Mullahs are accustomed to unquestioned obedience from their faithful – which may be one reason such nations accomplish very little in life. Strict and extreme governance by religious fanatics – no matter the selected Faith – never benefits the people. I suspect they don’t earn much in their after life either.
I’m not interested in becoming a martyr, but not because I am reasonably certain 72 virgins are not waiting. Even if they were -- at my age, what would I possibly do with such companionship? Maybe 50 games of chess while playing a dozen games of Mah Johng?
If I make it to that after life and am still at my present age, certainly nothing other than prim social activities would be of any interest. Talk about sad.
But I digress.
Given today’s Iran, we can count on none of what passes for news coming from that country. (Note I refrain from noting we get little we can believe from our own “mainstream” media as well.)
No matter, journalism will find a way – even if fact and truth are not a result.
We get these snippets from cell phones, email, and now these reports via Twitter et al. Imagine, ALL the word we are getting comes from amateurs with elementary tools, sending what they believe to be the story and the world is listening.
Consider the possibilities.
A conspiratorial dictatorship with evil intent, could shut down normal journalism and leave coverage to the sorts of crude devices we see coming from today’s Iran. How easy it would be for a group of PR types who possess real talent for sending false – but believable – information to the world. They could sit in a cloistered environment and crank out page after page of written propaganda, while staging riots in a back lot. Given the shaky images and blurred focus, the sets could be quite simple. Since the real world networks will run the same stuff over and over, the message seeps in.
In fact, a nation could be undergoing massive murder and oppression, and the world could see the violence as a product of the opposition. Or, a small group of anti government types could use the crack down to create rumors and phony reporting of their own.
Of course, even as I think long and hard about the threat the “new technologies” pose for journalism, I am forced to consider the even bigger issue: in today’s America, we have lost access to a believable and dependable array of media. Only the Internet gives us access to unfiltered information, and we have little ability to judge its accuracy.
After all, “Snopes” has a distinctly liberal bent and has been caught several times corrupting the truth. Too many regard it as the ultimate test for accuracy. It does not fill that position. It IS a source, but a source that must be viewed with skepticism.
(Sigh) gone are the days in which Journalism was an honored profession that could be trusted to bring us truth and fact. Almost all dailies are left wing corrupted, and ALL over-the-air TV news networks are corrupt. (I assume this week has erased any argument on that score)
At last, the only fair and balanced source of reporting is Fox News.
Wait a minute.
Fox still has Shepard Smith reporting. He blew it big time with his absurd assumptions voiced during his coverage of the Holocaust Museum murder. Smith lost credibility. Too bad. I had hoped a Mississippi lad, who had once even worked locally, would remain uncorrupted by the big city.
I was wrong – so is American journalism today.
Buddy
The day’s Top Blogs:
1.
http://www.americanthinker.com/2009/06/who_really_inspires_violence_t.html
Who Really Inspires Violence, the Right or Left?
Selwyn Duke
Is the right responsible for inspiring murder, such as that of late-term abortionist George Tiller by Kansas native Scott Roeder? Some certainly seem to think so. For instance, the Friday before last Bill O'Reilly had as a guest on his show Joan Walsh, the editor of leftist news site Salon.com. She appeared because she had criticized O'Reilly for engaging in what she called a "jihad" against Tiller. Her thesis is that O'Reilly and, presumably, the rest of us who are passionately pro-life are culpable Tiller's death.
Of course, this isn't a novel idea among the left. If there is any kind of violent incident perpetrated by someone ostensibly a rightist, they blame their political opponents for stoking the fires of hatred. You can just count on it every time, be it an attack on an abortion center, a Timothy McVeigh, or . . . or . . . well, actually, there aren't really all that many, are there? But don't bother ideologues with the facts.
Now, Walsh, a woman of mediocre intellect and lacking moral fiber -- she has lauded Tiller "the baby killer" as a hero -- has been beating this drum hard. In fact, on June 10 she published a piece titled "Can right-wing hate talk lead to murder?" In it, she seems to draw a connection between James von Brunn, the 88-year-old white supremacist who murdered security guard Stephen Tyrone Johns at the Holocaust Museum, and fairly benign commentary about the effects of political correctness. She wrote:
In a debate with Buchanan [Pat Buchanan] a couple of weeks ago, he told me that what was happening to white men was exactly what happened to black men -- he didn't give me any examples of lynching -- and that it was open season on white men. Wealthy Sen. Lindsay Graham suggested an average white guy like himself wouldn't get a fair shake from Sotomayor, and now even the new face of the GOP, Michael Steele, has said the same thing. If I were a marginal, unemployed, angry, racist white man right now, I'd be hearing a lot of mainstream conservative support for my point of view. Can that help create a climate for more violence? I don't know. I hope not, but I don't know.
No, Walsh doesn't know much. First, von Brunn isn't a rightist -- he is a "whitist." In fact, he is quite the opposite of a rightist many ways, as Bob Unruh reports at WorldNetDaily:
The Moonbattery blog revealed von Brunn advocated the socialist policies espoused by Adolf Hitler and used Darwinian theory to support his anti-Semitism.
(NOTE: It was revealing for Fox Newsman, Shep Smith, rushed to the absurd conclusion that von Brunn was a conservative. In the immediate wake of the attack on the Holocaust Museum, Smith was ranting and raving, suggesting those who question Obama’s place of birth and reaching an incredible extreme of contending the murder at the Museum validated the outrageous memo from the Homeland Security Department that targets those who disagree with Obama to be potential terrorists. Smith even brought someone from the extreme left wing conspiracy – the Southern Poverty Law Center – to join him in is very stupid conclusions. Both voiced a chorus claiming the murderer to be a conservative. Of course the opposite was true – but don’t expect Shep Smith and his fellow extremists to admit they were wrong – dead wrong in fact.)
In statements that later were stripped from an anti-religion website, von Brunn wrote, "The Big Lie technique, employed by Paul to create the CHRISTIAN RELIGION, also was used to create the HOLOCAUST RELIGION ... CHRISTIANITY AND THE HOLOCAUST are HOAXES."
This probably would come as such a shock to someone as ill-informed as Walsh that she'd scarcely believe it; it's just too contrary to her dogma. Yet I could have guessed it. Those who have actually studied the history of Nazism and the white supremacist movement know that, from Adolf Hitler in the 1930s to his fellow travelers today, its ranks have always harbored hostility toward Christianity. The reasons are simple: Whether you view Christianity as merely an outgrowth of Judaism or the fulfillment of it, it is the second part of Judeo-Christian. Second, like the ancient Romans, the Nazis viewed the faith of "turn the other cheek" (counsel which, mind you, is misunderstood) as an influence that militates against manly virtue. Lastly, a lie doesn't find much acquaintance with the Truth.
Instead, white supremacists much prefer ancient Germanic pagan religions and even Islam. Just consider Hitler, for instance, and his dislike for the heroic Frankish (Germanic) warrior Charles Martel. What was Martel's sin? He halted the Moslem advance into Europe at the Battle of Tours in 732 A.D. Paul Belien addressed this misguided passion of Hitler's in the Brussels Journal, writing,
"‘Had Charles Martel not been victorious,' Hitler told his inner crowd in August 1942, ‘then we should in all probability have been converted to Mohammedanism, that cult which glorifies the heroism and which opens up the seventh Heaven to the bold warrior alone. Then the Germanic races would have conquered the world.'"
The Nazis' dislike for Christianity was so great that, not surprisingly, they sought to destroy it. Leftists may scoff at a notion so contrary to their prejudices, but the evidence of this fact is now overwhelming. And of this evidence, perhaps the most compelling was uncovered by a Jewish attorney named Julie Seltzer Mandel, a woman whose grandmother was a survivor of the Auschwitz concentration camp. I addressed her discovery in my piece "Hitler and Christianity," writing:
While a law student and editor of the Nuremberg Project for the Rutgers Journal of Law and Religion, Mandel gained access to 148 bound volumes of rare documents - some marked "Top Secret" - compiled by the Office of Strategic Services (or O.S.S., the WWII forerunner to the CIA).
After scouring the papers, she published the first installment of them in 2002, a 120-page O.S.S. report entitled "The Nazi Master Plan: The Persecution of the Christian Churches." Reporting on these O.S.S. findings in the Philadelphia Inquirer, Edward Colimore wrote: "The fragile, typewritten documents from the 1940s lay out the Nazi plan in grim detail: Take over the churches from within, using party sympathizers. Discredit, jail or kill Christian leaders. And re-indoctrinate the congregants. Give them a new faith -- in Germany's Third Reich." He then quotes Mandel: "A lot of people will say, ‘I didn't realize that they were trying to convert Christians to a Nazi philosophy.'... They wanted to eliminate the Jews altogether, but they were also looking to eliminate Christianity."
To this day nothing has changed. If you examine the writings of contemporary white supremacists, you will find much hatred for Christianity, affection for paganism and sympathy for Islam.
Now, I ask you: Which is better characterized by this description, the right or left? When answering, remember that those euphemistically-named censorship bureaucracies of the left, "human rights commissions," consistently silence those who dare criticize Islam, most notably Christians.
Getting back to von Brunn, we can ask a similar question: Given that he hated not only Jews but also George Bush and neocons in general, of whom is he more reminiscent, Newt Gingrich or, maybe, um, Barack Obama's buddy Reverend Wright? Bear in mind that Wright's serpentine tongue won him the spotlight again with that recent explanation we've all heard for why he is persona non grata in the White House. To wit: "Them Jews ain't going to let him [Obama] talk to me."
Now let's return to the matter of the impact of words. The Walshes of the world say that many of us rightists are responsible for inciting violence. In response, many on our side will say that there is only one person responsible for an act of violence, the perpetrator, be he Scott Roeder, von Dunn, Timothy McVeigh or someone else. As to these theses, the Walsh position is childish and contradictory; the rightist defense is incorrect and contradictory. Let's discuss the Truth.
In reality, virtually all of us understand that words can seduce, be they a lover's syrupy overtures or a hater's cynical appeals. This is why Edward Bulwer-Lytton said that "The pen is mightier than the sword." We treasure freedom of speech not because words are meaningless, but precisely because they're powerful. And we allow it despite and because of words' potential to inspire, for the pen of virtue remains eternally sharp, while the sword of vice's edge is always dulled by time.
So while we're right to deny responsibility for Roeder, it's not because, as many imply, that such a thing is impossible in principle; it's just that, in this case, we aren't responsible in the particular (I'll address the reason for this in a moment). And Walsh is right to imply that such things are possible in principle; her childishness lies in her silly implication that only the right is responsible for them in the particular.
Of course, it's quite reflexive for a person -- even a good one -- being tarnished by guilt by association to deny the reality of indirect culpability, but the reflexive is seldom beholden to reason It's also reflexive for dishonorable people such as Walsh to very cynically seize upon a violent event and use it to tarnish opponents, and, more ominously, to provide a specious justification for Fairness Doctrine-like legislation in the near future and hate-speech laws a bit further down the road. But whether or not the Walsh set actually believes their rhetoric depends upon the completeness of their detachment from reality.
To understand more deeply the fallacies here, consider the innumerable instances of leftist violence we've seen over the years. Would Moslem convert Carlos Bledsoe have murdered the army recruiter in Arkansas had he not been exposed to the anti-white, anti-Western and anti-Christian rhetoric that prevails in modern America? Would Ted Kaczynski, the Unabomber, have perpetrated his acts had he not been weaned on the environmentalist radicalism so prevalent today? Would all the domestic terrorists who firebombed fur stores and vandalized SUVs and research facilities have done so were it not for this ideological force? Would Colin Ferguson have targeted whites in the 1993 Long Island Railroad massacre had he not been assailed with anti-white rhetoric from the Reverend Wrights, Jacksons and Sharptons of the world?
Now, you can take issue with my examples; you can quibble about the particulars. But many other incidents could be cited, and the details aren't really the issue. The point is, would we really deny that the indoctrination people are subjected to influences their thinking? Are Palestinians born hating Jews? Do madrassah schoolboys have a gene dictating hatred for the West? As for Walsh, she may turn a blind eye to the violence authored by her ilk, but an affinity for relativism doesn't change reality.
Now we come to the crux of the matter: If rightist rhetoric can inspire others to violence just like the leftist variety, what determines culpability? Well, we must ask the only relevant question about that rhetoric:
Is it the Truth?
Sure, you may warn that a new resident in the neighborhood did time in prison for child molestation, and an angry mob may kill him. But did you do wrong? On the other hand, it's a different matter entirely if harm befalls someone after you wrongly and maliciously label him a child molester.
Thus, anytime you sound an alarm -- whether it contains the ring of Truth or that of lies -- it can serve as a call to violent action for some. But what should we do? Create a Fahrenheit 451 situation in which ideas are roundly suppressed and people are kept comfortably numb? No one wants that, and it wouldn't work anyway.
At the end of the day, one who speaks the Truth may inspire violence against livers of lies just as one who speaks lies may inspire violence against the tellers of Truth. But this isn't the fault of the Truth; it simply means that society needs more of it.
So the moral of this story is that we all can inspire violence with words, but not all of us speak inspired words. Evil may be done in the name of good or evil, but it is only those who speak the latter who have blood on their hands. Paging Joan Walsh.
2.
http://www.washingtontimes.com/news/2009/jun/19/removal-of-an-inspector/?feat=article_top10_read
Removal of an inspector
A telltale sign of misrule
Bill Wilson
In firing AmeriCorps Inspector General Gerald Walpin last week, President Obama probably thought he and his wife, Michelle, were the ones "sending the message."
After all, dispensing petty political retribution on behalf of one's crooked friends is the "Chicago way," is it not? And the firing of Mr. Walpin would no doubt have lasting benefits for the Obamas, too, seeing as inspectors general throughout the federal government would get the message that "FOBAMs" - or "Friends of Barack and Michelle" - were not to be touched in the future.
What Mr. and Mrs. "Hope and Change" failed to take into account was that when you circumvent the law to protect political hoodlums, you have a way of becoming political hoodlums yourselves.
As has been widely reported, Mr. Walpin was the lead federal investigator into financial abuses committed by Sacramento Mayor Kevin Johnson - a major Obama backer caught misappropriating hundreds of thousands of dollars of taxpayer money.
(NOTE: Liberal Democrats are not big into judging their own, or in prosecuting criminals among their groups. Mr. Walpin broke the rule and pointed a finger or accusation at an Obama friend and supporter. Former Congressman William Jefferson – who had a huge wad of cash hidden in his freezer – remains free. Liberal perps get passes – and I will refrain from noting perjurer Bill Clinton was allowed to walk by corrupting the personal integrity of every single Democrat in the US Senate at the time.)
As a result of Mr. Walpin's investigation, the corporation that runs AmeriCorps agreed that Mr. Johnson should be barred from receiving any federal grant money in the future, while Justice Department officials began investigating criminal charges against him. Unsurprisingly, though, Mr. Johnson began receiving preferential treatment from the Obamas and their corrupt cronies almost as soon as the new president took office.
Despite Mr. Johnson's acknowledged misconduct, a new AmeriCorps leader and a new acting U.S. attorney began pushing for a settlement that would lift his suspension and free him from having to repay the money he stole from the taxpayers.
Their rationale? The city of Sacramento would be unable to receive federal bureaucratic bailout dollars unless Mr. Johnson's suspension was lifted - a fact Mr. Johnson deliberately deceived Sacramento voters about during his campaign.
Mr. Walpin opposed any such "deal." In fact, when it became clear Mr. Johnson's suspension would be lifted, he wrote to Congress explaining the horrible precedent that would be set by stripping inspectors general of their primary enforcement tool.
In response to Mr. Walpin's insistence that the law be followed, Mr. Obama set an even worse precedent. He fired Mr. Walpin.
In fact, the special counsel to the president for "ethics and government reform" was the Obama official who fired Mr. Walpin, giving him an hour to either resign or be terminated.
Mr. Obama - who made bales of political hay over former President George W. Bush's Justice Department firings - has now proven he's no different. Specifically, he has trampled all over the intent of the very law he co-sponsored last year, which requires the president to give Congress 30 days notice and an explanation of cause before firing inspectors general.
Apparently, shielding his political allies from the consequences of their actions wasn't enough - Mr. Obama had to take it a step further by bending the law to exact vengeance on an investigator who was merely doing his job. In true Chicago "gangster" fashion, getting his crony off the hook was merely a prelude to the larger operation - silencing future dissent.
Thinking he could do as he pleased, Mr. Obama's initial justification for this cool display of corruption was that he had "lost confidence" in Mr. Walpin. When Republicans and Democrats in Congress refused to be mollified by this explanation, the White House shifted into "plumbers" mode.
Now the Obama machine is engaged in an elaborate campaign to smear Mr. Walpin, accusing him of being "confused," "disoriented" and "unable to answer questions." We've seen this sort of behavior before - from a president who eventually had to give up his office.
The firing of Gerald Walpin is a chilling reminder that for all of Mr. Obama's talk of change - and sponsorship of legislation that appears to provide it - many of his actions are nothing more than glorified political thuggery, providing protection to his friends and retribution to his enemies. The only question is when conduct like this catches up with him.
Bill Wilson is president of Americans for Limited Government.
3.
The politicians don't last. But their policies live forever.
And in every successive election cycle, (Liberal) Democrats will use the health care system to bludgeon their opponents. They will use health care as a weapon, rewarding you by offering more benefits for your votes and punishing you with less benefits if you dare to vote against them.
So much power for a faceless set of bureaucrats who can't possibly have the best interests of your family in mind. And yet they're going to take those decisions away from you and your doctor. And they've been lying every day to justify what they're doing.
(NOTE: Stating the obvious – liberal Democrats cannot be trusted. On anything. They remain in perpetual denial of fact and truth. Liberals have given us the crisis we face today by their corruption of our judicial system, our public education, our media, and even our Churches – specifically all Churches who embrace and support the anti American positions of the National and World Councils of Churches.)
They've been lying about the number of people without health care. They've been lying about whether the public is satisfied with health care. They've been lying about every aspect of health care.
They unleashed the slip-and-fall lawyers on the medical system, causing untold higher costs for medical practitioners. They've attacked the health care system relentlessly, driving up costs just like they've attacked the energy industry and the automakers.
And even when they have complete monopolistic control of a system, like the educational system in America, they want more control. It's never enough. They want more money, more regulations. More. They need to "invest". They need to raise taxes. They need to repress. They need to compel.
Because the Statist cannot make the imperfect perfect, even though he says he can. The Statist is more imperfect than anyone else.
I ask you to consider something: what kind of persons can Obama and the Democrat leadership be, to think they can do these things when history tells them they can not?
What kind of a mind refuses to look at the evidence? What kind of person would refuse to look at Britain and Canada? Or engage in arm-twisting secretly, behind the scenes? And use brownshirts like ACORN and the SEIU to intimidate organizations and legislators alike?
They're going to rush socialized medicine through the system, without any debate or transparency... and it's going to be a complete disaster on multiple levels.
Call the so-called conservative Blue Dog Democrats now. Make your voice heard. Help us stop this rush to disaster.
4.
http://mises.org/story/2454
Planned Chaos
Mises Daily by Ludwig von Mises
• •
[This book was published in 1947. The title comes from Mises's description of the reality of central planning and socialism, whether of the Russian or German pattern. This important work was written decades after Mises's original essay on economic calculation and includes the broadest and boldest attack on all forms of state control.]
Introductory Remarks
"History will call our age the age of the dictators and tyrants."
The characteristic mark of this age of dictators, wars, and revolutions is its anti-capitalistic bias. Most governments and political parties are eager to restrict the sphere of private initiative and free enterprise. It is an almost unchallenged dogma that capitalism is done for and that the coming of all-around regimentation of economic activities is both inescapable and highly desirable.
Nonetheless capitalism is still very vigorous in the Western Hemisphere. Capitalist production has made very remarkable progress even in these last years. Methods of production were greatly improved. Consumers have been supplied with better and cheaper goods and with many new articles unheard of a short time ago. Many countries have expanded the size and improved the quality of their manufacturing. In spite of the anti-capitalistic policies of all governments and of almost all political parties, the capitalist mode of production is in many countries still fulfilling its social function in supplying the consumers with more, better, and cheaper goods.
(NOTE Capitalism and the free enterprise concept offer the greatest degree of economic freedom – history proves that free men through free enterprise can achieve the ultimate in opportunity for economic freedom. Liberals have never grasped that fact and continue conspiring to rape the productive elements of society in order to give those created profits to those who don’t deserve them. It’s the leftist way of doing things and one major reason left wing societies can never compete in terms of quality of life and standards of living..)
It is certainly not a merit of governments, politicians and labor union officers that the standard of living is improving in the countries committed to the principle of private ownership of the means of production. Not offices and bureaucrats, but big business deserves credit for the fact that most of the families in the United States own a motor car and a radio set. The increase in per capita consumption in America as compared with conditions a quarter of a century ago is not an achievement of laws and executive orders. It is an accomplishment of business men who enlarged the size of their factories or built new ones.
One must stress this point because our contemporaries are inclined to ignore it. Entangled in the superstitions of statism and government omnipotence, they are exclusively preoccupied with governmental measures. They expect everything from authoritarian action and very little from the initiative of enterprising citizens. Yet, the only means to increase well-being is to increase the quantity of products. This is what business aims at.
It is grotesque that there is much more talk about the achievements of the Tennessee Valley Authority than about all the unprecedented and unparalleled achievements of American privately operated processing industries. However, it was only the latter which enabled the United Nations to win the war and today enables the United States to come to the aid of the Marshall Plan countries.
The dogma that the state or the government is the embodiment of all that is good and beneficial and that the individuals are wretched underlings, exclusively intent upon inflicting harm upon one another and badly in need of a guardian, is almost unchallenged. It is taboo to question it in the slightest way. He who proclaims the godliness of the State and the infallibility of its priests, the bureaucrats, is considered as an impartial student of the social sciences. All those raising objections are branded as biased and narrow-minded. The supporters of the new religion of statolatry are no less fanatical and intolerant than were the Mohammedan conquerors of Africa and Spain.
History will call our age the age of the dictators and tyrants. We have witnessed in the last years the fall of two of these inflated supermen. But the spirit which raised these knaves to autocratic power survives. It permeates textbooks and periodicals, it speaks through the mouths of teachers and politicians, it manifests itself in party programs and in plays and novels. As long as this spirit prevails there cannot be any hope of durable peace, of democracy, of the preservation of freedom or of a steady improvement in the nation's economic well-being.
The Failure of Interventionism
Nothing is more unpopular today than the free market economy, i.e., capitalism. Everything that is considered unsatisfactory in present-day conditions is charged to capitalism. The atheists make capitalism responsible for the survival of Christianity. But the papal encyclicals blame capitalism for the spread of irreligion and the sins of our contemporaries, and the Protestant churches and sects are no less vigorous in their indictment of capitalist greed. Friends of peace consider our wars as an offshoot of capitalist imperialism. But the adamant nationalist warmongers of Germany and Italy indicted capitalism for its "bourgeois" pacifism, contrary to human nature and to the inescapable laws of history. Sermonizers accuse capitalism of disrupting the family and fostering licentiousness. But the "progressives" blame capitalism for the preservation of allegedly outdated rules of sexual restraint.
Almost all men agree that poverty is an outcome of capitalism. On the other hand many deplore the fact that capitalism, in catering lavishly to the wishes of people intent upon getting more amenities and a better living, promotes a crass materialism. These contradictory accusations of capitalism cancel one another. But the fact remains that there are few people left who would not condemn capitalism altogether......
(there is a great deal more @ http://mises.org/story/2454 and new articles (see full list) appear every day, by popular authors. You can receive the Mises Dailies in your inbox. Go here to subscribe or unsubscribe.)
Harry Becker
By the way, Austrian economists are trained in the ways of the marketplace; Keynesians are trained in meeting the needs of government. Economists trained in the economics of the marketplace rather than financing government expenditures point out that little if any of a government spending program will ever positively impact the economy. From day one what government has is borrowed or taken in taxes from people who had it invested in the economy – or, worse yet – it’s just 'run off on the government printing press' & dumped into the economy devaluing the $ earned by those actually producing goods & services needed by the people or needed in the production of greater quantities and newly invented goods & services for the people & for government to protect them all from enemies. Harry Becker
5.
http://www.americanthinker.com/2009/06/stimulating_americas_decline.html
Stimulating America's Decline
Alan Aronoff
Barack Obama signed the Stimulus bill on Feb. 18, 2009 amid much fanfare. Proponents of the bill stated that it would save or create 3.5 million jobs. Now, four months have passed since the passage of the stimulus package, its time to take a first look at the stimulus.
By the president's own words, the stimulus should improve employment in America and make us more prosperous.
Prosperity can be measured as growth in GDP, growth in asset values such as real estate and stocks, and growth in personal income.
"I have every confidence that if we are willing to continue doing the critical work that must be done - by each of us, by all of us - then we will leave this struggling economy behind us, and come out on the other side, more prosperous as a people," - Barack Obama
The Stimulus spending allocated for 2009 is $140B. Of that amount, $40B has been spent, which is in keeping if the spending is linear over the course of the fiscal year.
(NOTE: The Obama strategy with the “stimulus” bill, was to rush it through to passage as quickly as possible to accomplish two specific goals: prevent legitimate consideration and analysis of the provisions --we’ll be finding horror stories hidden within for years to come – plus they are desperate to sneak through as many extreme bills as possible while Obama retains a large degree of popularity and support. The bloom will come off that rose, but not before a lot of damage is done. 2010 must produce a sea change in the make up of Capitol Hill.)
On the bright side, the continuing claims by people out of work for more than one week fell by 148,000 to 6,687,000. Obama's claim that the Stimulus created or saved 150,000 jobs is not only immeasurable but also not believable in the context of the current economic downturn. Jobs growth is a lagging economic indicator and does not improve until recovery is well under way. The government is hiring to fill jobs created by the Stimulus, and many of these jobs carry the title ‘czar'. This Administration has more czars than the Romanov family. The Stimulus is temporary, so the jobs created today in the government may not remain. Furthermore, the federal government's closing of 789 Chrysler dealerships and 1100 GM dealerships will result in the potential loss of 63,000 jobs. In keeping with the Obama administration being the most transparent administration in history, can we expect that these 63,000 lost jobs will be deducted from the jobs saved or created by the Stimulus?
According to the Case Schiller US home price index, the average American home fell 7.5% in value during the first quarter of 2009. Housing inventory is at 3.16 million units (existing homes) which at the current sales rate is a 9.3 month supply. Housing prices will not stabilize until the excess inventory is removed and the foreclosed or about to be foreclosed properties are placed in strong hands, that is, in the hands of people who can carry the property and take it off the market.
The Office of the Comptroller of the Currency has already issued a report on mortgage modifications of mortgages in default, and the re-default rate on these modified mortgages is 65 %. With the administration plan to prolong the agony of the inevitable foreclosures, housing will be a negative for the US economy longer than need be. To make matters worse for the housing market, the Federal Reserve has not been able to keep mortgage rates down recently through its program of buying US Treasuries.
By buying Treasuries, the Fed is increasing the money supply since it has to print the money with which to buy the bonds. Countries such as China, Japan, and Saudi Arabia which hold a large amount of US treasuries are concerned about the value of the dollar declining. China, Russia, Brazil, and India are negotiating bilateral trade deals that will avoid the use of the US dollar for trade. These countries are concerned that the dollar portfolios they have will decline in value as the US is creating unprecedented deficits.
The GDP for Q1/2009 decreased at an annual rate of 5.7%. Economic growth is not just a function of the Stimulus, but will also be affected by Obama's efforts to restructure healthcare, impose a carbon tax, and his new call for PAYGO that requires every spending increase to be paid for with the notable exceptions of healthcare, the Stimulus that was passed, and the current entitlement behemoths of Medicare and Social Security. The themes for the future global economy are de-levering or debt reduction, more regulation, and reduced consumption according to Bill Gross, Managing Director, PIMCO Investments. Compound these factors with the government's reach into running automotive and financial companies, and healthcare, and growth rates as measured by GDP will not reach the 3% rate previously achieved in the US. As the US comes to look more and more like Europe, the US will see GDP growth and employment that looks like the Continent as well. As the table below shows the US has bested the EU 15 nations from the period of 2001 to 2005 in both GDP growth as well as employment growth.
Furthermore, when the BLS considers the aggregate unemployed, which includes marginally attached workers and workers employed part-time for economic reasons, the unemployment rate reached 16.4% in May 2009. Also reported for May, non-farm payrolls dropped by 395,000.
On the bright side, the continuing claims by people out of work for more than one week fell by 148,000 to 6,687,000. Obama's claim that the Stimulus created or saved 150,000 jobs is not only immeasurable but also not believable in the context of the current economic downturn. Jobs growth is a lagging economic indicator and does not improve until recovery is well under way. The government is hiring to fill jobs created by the Stimulus, and many of these jobs carry the title ‘czar'. This Administration has more czars than the Romanov family. The Stimulus is temporary, so the jobs created today in the government may not remain. Furthermore, the federal government's closing of 789 Chrysler dealerships and 1100 GM dealerships will result in the potential loss of 63,000 jobs. In keeping with the Obama administration being the most transparent administration in history, can we expect that these 63,000 lost jobs will be deducted from the jobs saved or created by the Stimulus?
According to the Case Schiller US home price index, the average American home fell 7.5% in value during the first quarter of 2009. Housing inventory is at 3.16 million units (existing homes) which at the current sales rate is a 9.3 month supply. Housing prices will not stabilize until the excess inventory is removed and the foreclosed or about to be foreclosed properties are placed in strong hands, that is, in the hands of people who can carry the property and take it off the market.
The Office of the Comptroller of the Currency has already issued a report on mortgage modifications of mortgages in default, and the re-default rate on these modified mortgages is 65 %. With the administration plan to prolong the agony of the inevitable foreclosures, housing will be a negative for the US economy longer than need be. To make matters worse for the housing market, the Federal Reserve has not been able to keep mortgage rates down recently through its program of buying US Treasuries.
By buying Treasuries, the Fed is increasing the money supply since it has to print the money with which to buy the bonds. Countries such as China, Japan, and Saudi Arabia which hold a large amount of US treasuries are concerned about the value of the dollar declining. China, Russia, Brazil, and India are negotiating bilateral trade deals that will avoid the use of the US dollar for trade. These countries are concerned that the dollar portfolios they have will decline in value as the US is creating unprecedented deficits.
The GDP for Q1/2009 decreased at an annual rate of 5.7%. Economic growth is not just a function of the Stimulus, but will also be affected by Obama's efforts to restructure healthcare, impose a carbon tax, and his new call for PAYGO that requires every spending increase to be paid for with the notable exceptions of healthcare, the Stimulus that was passed, and the current entitlement behemoths of Medicare and Social Security. The themes for the future global economy are de-levering or debt reduction, more regulation, and reduced consumption according to Bill Gross, Managing Director, PIMCO Investments. Compound these factors with the government's reach into running automotive and financial companies, and healthcare, and growth rates as measured by GDP will not reach the 3% rate previously achieved in the US. As the US comes to look more and more like Europe, the US will see GDP growth and employment that looks like the Continent as well. As the table below shows the US has bested the EU 15 nations from the period of 2001 to 2005 in both GDP growth as well as employment growth.
The Stimulus was passed quickly with the call that if something wasn't done quickly, unemployment would reach 8%. It is now 9.4% and rising. Furthermore, the actions taken by this Administration are driving up interest rates and driving down the dollar. Health care, carbon tax, the Stimulus, and the private industry bailouts are all actions that will reduce growth, delay the bottoming of the real estate market, and extend the economy's weak performance.
Obama should declare the Stimulus a success and immediately cancel future payments under this abominable legislation. Wisdom is being able to look at the results and change course as needed.