Tag Archives: political economy

What’s the Logic?

Posted on by
Reply

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.

Prove It, Mr Biden

Posted on by
Reply

President Joe Biden (D) said Monday (Tokyo time) that the US would intervene militarily if the People’s Republic of China attempted to invade and conquer the Republic of China (though Biden referred to the nation as “Taiwan”).

The president was asked if the US would get involved militarily in response to a Chinese invasion of Taiwan after declining to send American troops to Ukraine to fight Russia’s invasion.
“Yes. That’s the commitment we made,” he said.

Then prove it, Mr Biden. Get out of the way of arms sales to the RoC, stop slow-walking them. Do more, in fact—accelerate both the sales and their delivery.

As an aside, Defense Secretary Lloyd Austin promptly came out and said Biden didn’t really mean what he said. Such public undercutting should get Austin summarily fired. But it won’t.

That’s Their Goal

Posted on by
Reply

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

Posted on by
Reply

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.

Don’t Let the Door…

Posted on by
Reply

The Communist Party of China is instructing PRC senior government officials to not own foreign assets.

China’s Communist Party will block promotions for senior cadres whose spouses or children hold significant assets abroad, people familiar with the matter said, as Beijing seeks to insulate its top officials from the types of sanctions now being directed at Russia.
…
Senior officials and members of their immediate families would also be barred from setting up accounts with overseas financial institutions unless they have legitimate reasons for doing so—such as study or work—the people said.

Now the CPC just needs to extend the directive to PRC business enterprises.

…hit you in the fanny on the way out.