Tag Archives: political economy

“Misunderstanding” of the Left

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A number of credit card companies, on the demand of the Federal government as washed through the International Standards Organization, are going to start explicitly listing gun sales by lawful gun stores to individual average Americans. Among those credit card companies are Visa, Mastercard, and AmEx.

The Federal government now is going to track us average Americans and build a database of who among us has a firearm.

For what purpose?

…gun control advocates who argue that a separate category for gun store sales will help track suspicious quantities of firearm sales that could potentially lead to a mass shooting.

Because buying a firearm is ipso facto suspicious under the ideology of the Left and their Progressive-Democratic Party. But wait—suspicious quantities—what’s wrong with that? This is the camel’s nose. It won’t be long before the Feds decide that one is a suspicious number of firearms to buy. And then one is a suspicious number of firearms to own.

The concern of us average Americans is justified by this misleading claim by New York City Mayor Eric Adams (D) as he demonstrates his “misunderstanding” of the tracking.

When you buy an airline ticket or pay for your groceries, your credit card company has a special code for those retailers. It’s just common sense that we have the same policies in place for gun and ammunition stores[.]

Buying “guns and ammunition” is an explicitly protected activity under our Constitution. Buying firearms—keeping and bearing Arms—is an entirely unique activity for us average Americans, quite apart from the ordinary, day to day, activity of grocery buying, or the process of buying a travel ticket. There is no reason to track Americans going about our Constitutionally protected behaviors.

Other than identifying who has firearms for further Progressive-Democrat “control.” This is another effort of the Progressive-Democratic Party’s desired surveillance state.

Arizona Has a Chance to Lead the Way

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This fall, the good citizens of Arizona will be voting on, among other things, a State constitutional amendment that would make it more difficult to increase State taxes.

If passed it would amend the state constitution to require a 60% majority to raise taxes through any future referendum. Current law requires a two-thirds majority to raise taxes through legislation but only a simple majority to do so by plebiscite.

State Representative Tim Dunn (R), who led the effort to get this onto November’s ballot:

When you have something that you can’t change without going back to the voters, I think we should have overwhelming support.

Yewbetcha.

As The Wall Street Journal put it,

A 60% threshold ensures broad consensus before rates can be raised by referendum.
…
The point is to make it harder for Arizona to join states that raise taxes as a first fiscal resort rather than examine spending.

Racist Banks

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Bank of America is trying out a new program.

Bank of America announced August 30 that it is launching a trial program, called the Community Affordable Loan Solution, offering mortgages that do not require closing costs, down payments, or minimum credit scores. People in predominantly Hispanic or Black neighborhoods in Charlotte, North Carolina; Dallas; Detroit; Los Angeles; and Miami that meet specific income requirements will have access to the program.

JPMorgan Chase is following BAC down that walk of shame.

…expanded its grant program in February 2021 to offer $5,000 for closing costs and down payments to homebuyers purchasing homes in predominantly minority neighborhoods.

But other groups of Americans in other inner-city sections need not apply.

It’s not actually income that’s the determining criterion. It’s skin color.

These banks are behaving insultingly, too. BAC and JPM are telling blacks and Hispanics that they think blacks and Hispanics are incapable of competing, much less getting ahead, on their own capabilities, their own intelligence: blacks and Hispanics need special treatment from institutions.

Echoes of Democrat Woodrow Wilson’s infamous claim that blacks should be grateful for the protections of segregation.

These are two banks with which I will never do business.

A Burgeoning Economy

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According to President Joe Biden (D) and his Treasury Secretary, Janet Yellen (D), our economy is burgeoning, prosperous, a Valhalla of growth, fairness, and optimism.

This is what the Progressive-Democrats’ Valhalla looks like in the real world:

  • US inflation reached 7.9% by February 2022 and had been…burgeoning…since fall 2021
  • US inflation currently is above 8%
  • before the pandemic, inequality was falling as wages rose faster for low-income workers than they did for the affluent amid healthy growth [note that after the pandemic has been the Biden reign]
  • the US economy contracted by about 1% of GDP in the first six months of this year, even as real wages were falling
  • real average hourly earnings declined 3% over the 12 months through July
  • real average weekly earnings declined by 3.6%
  • real average earnings have fallen 4.2% since Mr Biden took office

But wait—aren’t gasoline prices falling now? Sure they are, but they’re still very much higher than before Biden took office, and they’re falling because demand is falling: we can’t afford to drive as much as we did pre-Biden reign.

For Biden to call this terrific is for him to expound from his Newspeak Dictionary.

Russia is Not a State Sponsor of Terror

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Or at least President Joe Biden (D) is too timid to say so out loud, or officially, which would bring a round of additional sanctions against Russia.

Biden, asked by a reporter on Monday if he would blacklist Russia as a terrorist state, said simply, “no,” after months of non-committal answers from senior officials.

Biden expanded on that the next day, through his Press Secretary, Karine Jean-Pierre:

She said the designation would hamper aid delivery to parts of war-ravaged Ukraine or prevent aid groups and companies from taking part in a deal brokered by the United Nations and Türkiye to ship badly needed grain from Ukraine’s blockaded ports.
“It would also undercut our unprecedented multilateral [coalition] that has been so effective to holding Putin accountable and could also undermine our ability to support Ukraine” in negotiations, she told reporters.

In other words, Biden is afraid of what Putin might do in response to such a designation. Or worse, Biden is afraid of his own imaginings of what Putin might do.