Tag Archives: economics

Nobody Disputes That

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The subheadline lays it all out in the open:

Pyongyang, chairing a United Nations disarmament body this month, says it has a right to defend itself

There’s no disagreement here.

But what Baby Kim needs to understand—what the West (and his allies, the People’s Republic of China and Russia) need to make clear to him—is that northern Korea has absolutely nothing of value, or even of interest, that can’t be gotten far more cheaply through trade than through conquering and taking.

And that even that value is non-existent at present, given the disastrous and murderous mismanagement inflicted by the Kim dynasty over the last nearly 80 years.

That mismanagement, though, lies at the heart of the Kim dynasty’s, and especially Baby Kim’s, constant push for more weapons and weapons development. He needs the distraction of a manufactured threat from without in order to maintain his hold on the population. So long as that need exists, Baby Kim needs no understanding of values.

Biden Paying Interns

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In a first for our Federal government, Presidential interns will be paid, per current President Joe Biden (D).

The White House will offer a $6,000 stipend to its interns, beginning with the summer class which will work from June 20 to August 12.

$6,000 for seven weeks. But will they be good-paying union jobs?

I have another question, too. We’re two summers into Biden’s term, and he’s only just now getting to this. Why? Did he not know his interns have been unpaid? Is he only now getting told this, like he was “slow” to get told about baby formula problems?

What’s the Logic?

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President Joe Biden (D) has decided to forgive all $5.8 billion of the loans outstanding still held by the folks who went to any of the Corinthian Colleges institutions.

[T]he remaining 560,000 borrowers will be eligible for automatic discharges of their remaining Corinthian federal student-loan debt. All remaining federal loans held by anyone who attended a Corinthian school between its founding in 1995 and its 2015 closure are eligible.

Education Secretary Miguel Cardona:

As of today, every student deceived, defrauded, and driven into debt by Corinthian Colleges can rest assured that the Biden-Harris administration has their back and will discharge their federal student loans[.]

Either the Corinthian students were cheated, or they were not; I have questions. Notice that I’m eliding the question, here, of why us average American taxpayers should be on the hook for the misbehaving Corinthian Colleges’ pecadilloes.

Why does only some of the debt—the unpaid balances—get canceled? Why don’t the amounts already paid by those students with remaining debt balances also get returned?

Why aren’t the Corinthian students who paid off their debt—and there are quite a number—eligible for recompense?

Is Biden actually saying, with a straight face, that the students were cheated only to the extent they still owe money?

Help me understand the logic of this.

That’s Their Goal

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The Progressive-Democratic Party is pushing bills in the House and Senate—the Consumer Fuel Price Gouging Prevention Act is the House version—that would attach price controls to gasoline sales. The Taxpayers Protection Alliance says, correctly, that such a move could lead to a return to the gas lines of the 1970s. That’s the period of then-President Richard Nixon’s (R) price control regime which he implemented in response to OPEC’s oil embargo against us.

But gasoline lines and limited supply of oil- and gas-based (and coal-based) energy are Party’s and President Joe Biden’s (D) purpose. Those are intended to drive us off hydrocarbon-based energy altogether in favor of the Left’s phantasmal “green energy” utopia.

Recall that Biden’s mentor and BFF, then-Presidential candidate Barack Obama (D) campaigned on a promise to apply regulations that would price coal plants completely out of business.

Recall that then-Presidential candidate Joe Biden (D) campaigned on a promise to end oil and gas production and force us onto solar- and wind-powered energy.

Recall that newly sworn President Joe Biden (D) canceled Keystone XL, a pipeline that would have brought 800,000 barrels of Canadian oil into the US for refining and supply. He then implemented Executive Orders and instructed his various Cabinet Departments to implement regulations that would severely inhibit domestic oil and gas production.

Recall that Biden still is having his Cabinets slow-walk leasing for oil and gas production on Federal lands, and is even slower-walking permits actually to do anything with those leases that are eventually granted.

What we have now is President Joe Biden (D) implementing his own oil embargo against us and his Party syndicate in Congress looking to tighten the embargo.

Typical of the Left

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And a measure of how radical and extreme our nation’s Left has become, is New York Governor Kathy Hochul’s (D) op-ed, wherein she advertised her State’s protection of the “right” to abortion as an inducement for businesses to return.

A couple of letter-writers in Wednesday’s Wall Street Journal Letters section are more accurate.

The humor in the governor’s invitation peaks with her description of the “freedom” and “respect” that New York offers its business communities. High tax, high cost, high crime—surely New York’s reputation speaks for itself? The joke may be on the governor.

But especially this:

New York’s Governor Hochul is angered at the possibility that her newborn granddaughter will inherit a “fight” to save abortion. Yet if she had taken advantage of Roe, her descendants would have avoided this fight simply because they would have ceased to exist. Ms Hochul is not fighting for her descendants to fall victim to abortion. She is fighting for yours to do so.