Category Archives: political economy

Maybe It’s Time

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On two fronts. First is the Eu’s nakedly bad faith and extortionist attempt to interfere in Great Britain’s internal affairs.

The European Union on Thursday demanded that the United Kingdom immediately rewrite a new Brexit bill that would change parts of a divorce agreement it signed with the EU last year—threatening legal action if the outgoing member does not comply.
European Commission Vice President Maros Sefcovic met with UK Cabinet Office minister Michael Gove for crisis talks after the UK government proposed a new Internal Market Bill, which would allow ministers to “disapply” certain rules related to Northern Ireland agreed to in last year’s Withdrawal Agreement.

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Equal Protection

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Recall that California, earlier this year, enacted a law requiring gig employers to reclassify those folks from contractors to formal employees—with all of the employee expenses that entails: half the payroll taxes due, retirement benefits, health benefits, paid time off, etc, etc, etc.

In response, a number of companies who’ve centered their business models on gig employees, have sued and have been fighting to force the law—AB-5—onto this fall’s ballot for the actual citizens to decide.

Related to the law and the hoo-raw surrounding it, are some additional consequences illustrated by this:

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Economic Evolution?

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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

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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

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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

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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

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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

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…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

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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

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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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