Category Archives: markets

Hypocrisy of the Left

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Sanctuary City San Francisco has

proposed new city regulations, which could only be aimed at High Bridge Arms, would have required the shop to take and preserve video of all transactions and turn customers’ personal data over to police on a weekly basis.

There was only one gun shop left in San Fran at the time these new rules were proposed. That shop already had 17 cameras installed and turned video over to the police on their request. However, as the shop’s General Manager said,

it’s the idea of filming our customers taking delivery of items after they already completed waiting periods[.]

Rather than accepting that increased invasion, not just of an honest business doing business, but of the privacy of honest Americans doing honest business, the gun shop is closing.

Clearly, the Sanctuary City’s government and the residents that elect them care more about the ability of illegal immigrants with long records of violent crime to get guns than they do about honest Americans’ ability to defend themselves.

Drugs

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Democratic Presidential candidate Hillary Clinton has turned to bashing drug companies, and in doing so, she’s exposing her ignorance of economics. Last Tuesday, she proposed in all seriousness

a $250 monthly cap on out-of-pocket prescription drug costs and other measures to stop what she called “price gouging” by pharmaceutical companies.
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Under Clinton’s plan, the monthly cap would limit what insurance companies could ask patients to pay for drugs that treat patients with chronic or serious medical conditions.

Then she added this gem:

“We need to protect hard-working Americans here at home from excessive costs. Too often these drugs cost a fortune,” adding drug companies keep the profits for themselves while “shifting the cost to families.”

Well, yeah, they do keep the profits. Contra her BFF, President Barack Obama, they did build that.

Here’s a thought, Madam, for holding down costs for us “hard-working Americans here at home” about whom you claim to care so much: reduce the costs to the manufacturers by getting your Big Government’s regulations out of their way. Increase the incentives for manufacturers to reduce costs by getting your Big Government out of the way of competition.

And think about this: if your monthly cap, pulled straight out of rectal storage, plays out, what will be the cost of those drugs to us hard-working Americans here at home when the drug companies, unable to recoup their costs, stop manufacturing the drugs altogether?

Democratic Party Policy Regarding New-borns

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The House recently passed the Born-Alive Abortion Survivors Protection Act which requires that babies who survive an abortion attempt are to be cared for as though they’d been born more normally. The Act opens with these two paragraphs:

Sec. 2. Findings

Congress finds as follows:

(1) If an abortion results in the live birth of an infant, the infant is a legal person for all purposes under the laws of the United States, and entitled to all the protections of such laws.

(2) Any infant born alive after an abortion or within a hospital, clinic, or other facility has the same claim to the protection of the law that would arise for any newborn, or for any person who comes to a hospital, clinic, or other facility for screening and treatment or otherwise becomes a patient within its care.

President Barack Obama has said he’ll veto this bill that protects babies newly born under a procedure that was intended to have a different outcome. His…rationale…is this:

HR 3504 [Born-Alive Abortion Survivors Protection Act] would impose new legal requirements related to the provision of abortion services in certain circumstances, which would likely have a chilling effect, reducing access to care.

If the President were presented with HR 3134 [Defund Planned Parenthood Act of 2015] or HR 3504, he would veto them.

This is nonsense. The Born-Alive bill has nothing to do with abortion, per se, only with its aftermath. The abortion ended with the removal of the baby from the mother’s womb. The task now is to care for a newly born baby. That this particular baby was born via a procedure that is not one of the more normal birthing procedures is wholly irrelevant to that.

Of course, Obama knows that. His decision—in advance of seeing the bill actually passed—to veto a bill that explicitly protects the life of a newly born infant, and the silence of his fellow Democrats on his veto threat, says volumes about the Democratic Party’s policy toward new-born babies.

Let’s Increase Taxes

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…and the costs all of us must bear from that. But the real story is this…proposal…Hillary Clinton has dreamed up for her Presidential campaign.

The centerpiece idea would require drug makers to devote a sufficient portion of revenue to research and development. Those that don’t would risk losing federal support, such as research grants or an R&D tax credit.

Never mind that drug companies already spend 15%-20% on R&D. This fine businesswoman, who’s never run a company in her life and who was dead broke when she left the White House, says that’s not enough. Never mind, too, that she has studiously avoided saying how much is enough.

This is just another Democrat who hasn’t met a tax she didn’t like. This is just another Democrat who thinks Big Government knows more about running a business than the businessmen, who have to operate in a competitive environment or fail.