Economic Evolution?

Posted on 15 September 2020 by eehines

In a Wall Street Journal Letters offering, one writer, in supporting the Chamber of Commerce’s change of position regarding massive government intervention into our private economy, wrote

The 2020 economy is far different than that of 1980, and so what is good for business now is necessarily different.

This is wrong on two counts. The first is that the reason the economy of 1980 seems different from that of 2020 is the explosion of government intervention and intrusive regulation over those 40 years. That’s not actually an economic difference, though; it’s a government behavior difference, with the economy changing in result, not from its own intrinsic evolution.

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Raising Taxes on Day One

Posted on 14 September 2020 by eehines

That’s what Progressive-Democratic Party Presidential candidate Joe Biden has said he intends to do; his latest iteration of that intent was last Thursday in a CNN interview.

I’d make the changes on the corporate taxes on day one[.]

Leaving aside the…foolishness…of implementing such an attack on our economy’s health, there has been pushback on the Day One timing—no President, not even a Progressive-Democratic one, can raise taxes by fiat; such a move can only come from the Congress (and subsequently signed by a President or his veto overridden).

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Lies of the Progressive-Democrat

Posted on 11 September 2020 by eehines

Progressive-Democratic Party Presidential candidate Joe Biden claimed in a recent “press conference” in Pennsylvania’s oil and gas country that

I am not banning fracking… no matter how many times Donald Trump lies about me[.]

Let’s review the bidding here.

During a primary debate in March against Senator Bernie Sanders [I, VT] when his audience was not Western Pennsylvania, Biden agreed with Sanders’s fracking ban legislation. “No more—no new fracking”

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Funding the Police

Posted on 11 September 2020 by eehines

Senator Josh Hawley (R, MO) wants to do that, so he’s introducing the David Dorn Back the Blue Act that would authorize DoJ to

raise the salaries of state and local police forces all across the country—except in cities that have chosen to defund law enforcement in the wake of nationwide protests and riots.

And

If the bill becomes law, police departments will have new federal funding at their disposal allowing them to increase the salaries of officers “up to 110 percent of the local median earnings, and would exclude cities that defund their police[.]”

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Manifest Duplicity

Posted on 10 September 2020 by eehines

Here’s a demonstration of it by the European Union as it pretends to resume final negotiations with Great Britain over the latter’s going out from the EU.

EU officials say the bloc remains intent on striking a deal but that Mr Johnson’s government will need to make some major concessions.

The deal must be on the EU’s terms, and no others.

This is the contempt with which the EU has treated those uppity Brits ever since they began debating the very idea of leaving the EU.

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Protection

Posted on 10 September 2020 by eehines

…and extortion. Leaders of many unions are threatening exactly that if they don’t their way.

Unions representing millions of workers, from teachers to truck drivers, pledged to ramp up protests in the leadup to the presidential election, with walkouts aimed at forcing local and federal lawmakers to pass police reform and address what they described as systemic racism.

Actually, it’s the union leaders:

…labor leaders from America’s biggest public and private sector unions said they would organize walkouts….

More the public sector than private sector unions: AFSCME, SEIU, and NEA.

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Let Them Pound Sand

Posted on 9 September 2020 by eehines

Here is the Marie Antoinette double standard of the Progressive-Democratic Party rubbed in our faces. In Nancy Pelosi’s (D, CA) San Francisco, yet.

Gyms within government buildings in San Francisco have been open for months, despite privately owned establishments being ordered to close due to the coronavirus.

Wow. The brazen chutzpah of Party.

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You Bet

Posted on 1 September 2020 by eehines

British Prime Minister is hiring Tony Abbott, ex-Australian Prime Minister, Tony Abbott, to be a senior adviser on trade for Johnson’s government.

Abbott, a Brit by birth and an Australian by citizenship, had some words for the Oxford Union’s debating society back in 2018, then regarding Brexit [emphasis added]:

This is the country that has seen off the Spanish Armada, the French emperor, and the German Kaiser, won against Louis XIV, against Napoleon, against William II, and then against Hitler. This country did not need Europe—it saved Europe. No country on earth should be more capable than Britain of standing on its own two feet.

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An Urging

Posted on 30 August 2020 by eehines

New York State’s governor, Andrew Cuomo (D), has taken to asking those who’ve left the State to return—especially the rich and especially to New York City.

New York City’s mayor, Bill de Blasio (D), has taken a more blasé attitude. He’s in the What, Me Worry? camp; folks will come back. Even the rich.

I have to ask, though.

Why would anyone want to return to New York City? De Blasio has made the place unlivable, and the Internet has made the place unnecessary.

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They Shouldn’t Let the Door Hit Them

Posted on 29 August 2020 by eehines

…on the way out.

Norway’s largest private money manager, Storebrand Asset Management, excluded and divested itself of more than two dozen listed companies under its new climate change policy, citing concerns with lobbying, coal, and oil sands.

Virtue signaling climate justice is more important than making money for a company’s owners. Which money and associated investment profits are the only means of amassing the wealth necessary to do anything substantive about our environment (which is useful) or about our climate (which need is dubious at best).

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Category Archives: Economics