Tag Archives: political economy

Works for Me

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New York Governor Andrew Cuomo has taken his State hostage and, reminiscent of a scene in Blazing Saddles, involving his Cleavon Little character counterpart, is threatening that if he doesn’t get billions in Federal dollars, “the…hostage…gets it.” (“Isn’t anybody gonna help that poor State?”)

During a speech detailing the state’s annual budget, Cuomo requested at least $15 billion in federal funding—or the state will likely have to implement a number of undesirable measures, including tax increases.

And

Cuomo said the state has proposed temporarily increasing the top rate by two percentage points to 10.86%, from 8.82%. A wealthy resident in New York City would pay a top rate of 14.7% in combined taxes….

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The Censor Campaign

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Open MIC is a Left-wing activist organization that buys stocks in companies and then uses that shareholder status to push policies having nothing to do with the companies’ business and everything to do with “social justice,” sham diversity goals, and other attempts to alter the nature of commerce in our American economy.

Now the group has joined the censorship campaign against free speech.

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Veto Authority

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The People’s Republic of China has once again reached into American businesses to control what they do.

This time, it was the proposed acquisition by Cisco Systems of Acacia Communications, both of which are American companies. The PRC condescended to approve this acquisition—subject to certain conditions the PRC dictated.

The PRC also is actively interfering with the American company Applied Materials’ proposed acquisition of Kokusai Electric Corporation, a Japanese company.

Earlier, the PRC interfered with, to the point of blocking, a merger between Qualcomm, an American company, and NXP Semiconductors NV, a Dutch company.

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More Bigotry of the Progressive-Democratic Party

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This time as espoused by President Joe Biden (D). In describing one way his administration would fight the Wuhan Virus situation, then-President-elect Biden said this:

Our priority will be Black, Latino, Asian, and Native American owned small businesses, women-owned businesses, and finally having equal access to resources needed to reopen and rebuild.

He went on to call this “equal access to the resources needed to reopen and rebuild.”

That’s not equal access; that’s preferential access. And that preference isn’t based on merit or actual need, it’s based—in Biden’s own words—on race and gender. Progressive-Democrat disapproved of Americans are to be sent to the back of the bus—if they’re allowed to board at all.

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Too Much Dependence

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…on the central government in DC.

Sunday’s Wall Street Journal had a piece decrying the problems with getting the Wuhan Virus vaccines “the last mile” into folks’ shoulders. They’re right that that’s a serious problem. Even though the Federal government is behind schedule on getting vaccine doses into the States’ hands, those States have the bulk of those delivered vaccines still in the refrigerators, uninjected—they’re vastly behind schedule.

The States and locals, though, are mischaracterizing the problem. Typical is this:

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An Empirical Test?

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Ex-Progressive-Democratic Party Presidential candidate and ex-entrepreneur Andrew Yang now is running for mayor of New York City, and he wants to implement there his Universal Basic Income scheme.

We can eradicate extreme poverty in New York City. If you put just a little money in their hands it can actually be what keeps them in their home and, again, avoids them hitting city services that are incredibly expensive.

Or not.

Keep in mind that demand is not the number of people who want a product, it’s the amount of money being spent for the product.

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On-Line Sports Betting

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That’s the venue, but the question is much larger.

New York Governor Andrew Cuomo (D) is moving to authorize mobile sports betting, by having his government conduct “competitive bidding” for government permission to host such.

State Senate Racing, Gaming, and Wagering Committee Chairman Joe Addabbo (D, Queens) said in an interview that

he was glad the Democratic governor had shifted away from his opposition to online betting but believed the state should enact a more expansive system.
“I am not a believer that one sportsbook provider, or operator, can handle the volume in New York[.]”

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Whose Money is it, Again?

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Xavier Becerra (D), Joe Biden’s nominee for Health and Human Services, has long had a firm dislike for charitable organizations that don’t spend according to his requirements.

Case in point from then-Congressman from California Becerra on charitable foundations:

…someone needs to do something, especially when you’re using the taxpayers of America’s money to do your philanthropic work[.]

Notice that. Taxpayers’ money. Not working stiffs’ money. Not citizens’ money. Government’s money.

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“We Cannot Erase the Last Four Years”

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That’s Majority Leader Steny Hoyer’s (D, MD) lament as he closed the Progressive-Democrats’ case on the floor of the House during Wednesday’s impeachment “debate.”

We cannot erase the last four years.

Though the Progressive-Democrats tried every day of those four years. They and their Obama Executive Branch bureaucrats spied on the Trump campaign and trumped up charges against General Michael Flynn, false charges it took all this time to clear.

They and their Democratic National Committee commissioned a salacious and false dossier in an effort to besmirch a President and to serve as the foundation of an investigation that culminated in finding that President Donald Trump had done nothing wrong.

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Newspeak In America

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…via the leftwing Forbes magazine. And it’s a disappointing position for the used-to-be Conservative Steve Forbes to take via his magazine.

Randall Lane, the editor of Forbes magazine, issued a warning to businesses this week that they should avoid hiring any press secretaries that served in the Trump White House, claiming that doing so will make their companies instantly untrustworthy and subject to heightened journalistic scrutiny.

Lane went on:

Let it be known to the business world: hire any of Trump’s fellow fabulists…and Forbes will assume that everything your company or firm talks about is a lie.

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