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Archive for the ‘Economy’ Category

Argentina Can Teach Us a Lesson or Two

Posted by Nancy on July 26, 2011

We can learn a lot from Argentina.  Like, did you know that in 1902 it challenged the United States for the position of second riches nation in the world (Great Britain was first), and now it is an impoverished nation?  Or, did you know that in 1989 inflation in Argentina hit 3000%?

What could possibly account for such a dramatic change of fortune?  Could it be the same redistributionist forces that are currently plaguing the United States, just decades ahead of us?

I found this great Power Point presentation on  It was made from a post on DougRoss@Journal.  I can’t get it to imbed so you’ll have to follow the link – sorry – but it’s worth the effort and the long loading time.  A real history lesson on what can happen when a government forces mandatory pensions, health care, low income housing, and other government handouts until the country is bankrupt.  Oh, and don’t forget massive union support.

With so many worldwide examples of why this doesn’t work from the past 100 years, how can leftists still believe that THIS TIME it will be different.  THIS TIME it will work.

Click the bottom line link.  Then click on the pictures to advance them.

_        _        _       _        _        _        _        _

Argentina’s past can become our future, if we let it.


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A Primer for Liberals

Posted by Nancy on July 18, 2011

The Weekly Standard has an explanatory column by Noemie Emery about the difference between goods and rights, and how the Left has conflagrated them into one.  The Bill of Rights makes no mention of health care, a good job, home ownership, or many of the other “rights” progressives would have us believe are ours.  They are goods, and as such must be earned and involve trade-offs.  It is so basic it should be recommended reading for every liberal you know.

Read the whole article HERE

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Love. This. Man.

Posted by necessarygrace on April 5, 2011

…this morning the new House Republican majority will introduce a budget that moves the debate from billions in spending cuts to trillions. America is facing a defining moment. The threat posed by our monumental debt will damage our country in profound ways, unless we act.

What’s in the Republican’s budget plan?

This budget proposes to bring spending on domestic government agencies to below 2008 levels, and it freezes this category of spending for five years. The savings proposals are numerous, and include reforming agricultural subsidies, shrinking the federal work force through a sensible attrition policy, and accepting Defense Secretary Robert Gates’s plan to target inefficiencies at the Pentagon.

As we strengthen and improve welfare programs for those who need them, we eliminate welfare for those who don’t. Our budget targets corporate welfare, starting by ending the conservatorship of Fannie Mae and Freddie Mac that is costing taxpayers hundreds of billions of dollars. It gets rid of the permanent Wall Street bailout authority that Congress created last year. And it rolls back expensive handouts for uncompetitive sources of energy, calling instead for a free and open marketplace for energy development, innovation and exploration.

Starting in 2022, new Medicare beneficiaries will be enrolled in the same kind of health-care program that members of Congress enjoy. Future Medicare recipients will be able to choose a plan that works best for them from a list of guaranteed coverage options. This is not a voucher program but rather a premium-support model. A Medicare premium-support payment would be paid, by Medicare, to the plan chosen by the beneficiary, subsidizing its cost.

This is what leadership looks like. Question is, how do we get the leaders of the democrat party to step up? Answer: Get the American people on board. No one likes a poll so much as Obama does. Share the video, share the articles, share your own thoughts with your friends and family. Most people hear the words “budget” and “cuts” and immediately decide they are against them. We need to do what we can, in our own circles of influence, to change that dynamic. Let History look back and call US the “Greatest Generation” because we have the courage to take responsibility and do what’s right. Let’s get behind Paul Ryan.

Posted in Economy | Tagged: , , , , | 1 Comment »

The Law of Unintended Consequences Strikes Again

Posted by Nancy on January 31, 2011

I have been trying to rationalize why there has been unrest and riots in so many Middle Eastern countries this month. Admittedly they are all autocratic regimes, and the domino theory may explain the spread to some degree, but what started it? Was it planned by some nefarious behind-the-scenes force? Are these flash-mob riots started through Twitter and Facebook gone out of control?  Is it just an example of Murphy’s Law on steroids? 

The current riots in Egypt are not the only ones; the government has already fallen in Lebanon and there have been uprisings in Tunisia, Algeria, Yemen, and Jordan.  Saudi Arabia’s rulers have increased security around their palaces and the country’s oil fields, and there is talk of unrest spreading to Iran.  What is happening?

Larry Kudlow’s article in National Review may have the answer, and if he’s right United States policy shoulders some of the blame. 

We may be causing hunger around the world.

A few facts:
1. Food commodities worldwide are priced in U.S. dollars
2. The Federal Reserve has been printing trillions of excess dollars, causing worldwide inflation in the commodities markets.
3. The food market is up 36% over last year’s prices (8% this month alone).
4. Egypt is the world’s largest importer of wheat, and wheat’s price has risen 113% in the past year.
5. The average Egyptian spends up to 56% of their income on the acquisition of food.

Could longtime underlying resentment toward dictatorial governments + increasing inability to procure enough food to sustain life = riots?

The U.S. government is also culpable in another way. Environmentalists have been demanding independence from fossil fuels and increased dependence on sustainable fuel – like flex fuels made from mixing gasoline with ethanol.

Some more facts:
1. Ethanol is made from corn.
2. 33% of the 2010 production of U.S. corn was converted to ethanol for use in gas tanks.
3. 14% of the world’s production of corn in 2010 went into gas tanks.
4. The price of corn is up 70% over last year.

Our food prices are rising too, but we are a wealthy country.  We will feel a pinch in our budgets, but we will survive.  The questions are, will we continue to to knowingly cause worldwide inflation?  Will we continue to burn food while prices rise throughout the world?  Are we willing to allow people to go hungry and governments to fall in order to pay for our financial folly, or to meet some arbitrary environmental standard?

Posted in Economy, Food | Tagged: | 3 Comments »

Some Post-Election Humor

Posted by Nancy on November 6, 2010

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Here’s to You, Mr Jefferson

Posted by liloladenvers on September 27, 2010

I don’t know anything about the sponsoring organization, but love the video!

Posted in auto bailouts, Community Organizing, Economy, Global warming, Going crazy, Healthcare, National security, Obama, Politics, Socialism, Stimulus package, Stupid Government | Leave a Comment »

Best Letter On L.A.’s Boycott of Arizona

Posted by Nancy on May 19, 2010

Via Hot Air, a commissioner of Arizona’s utility regulation panel recently sent the following letter to the mayor of Los Angeles.

Dear Mayor Villaraigosa,

I was dismayed to learn that the Los Angeles City Council voted to boycott Arizona and Arizona-based companies — a vote you strongly supported — to show opposition to SB 1070 (Support our Law Enforcement and Safe Neighborhoods Act).

You explained your support of the boycott as follows: “While we recognize that as neighbors, we share resources and ties with the State of Arizona that may be difficult to sever, our goal is not to hurt the local economy of Los Angeles, but to impact the economy of Arizona.  Our intent is to use our dollars — or the withholding of our dollars — to send a message.”

I received your message; please receive mine.  As a state-wide elected member of the Arizona Corporation Commission overseeing Arizona’s electric and water utilities, I too am keenly aware of the “resources and ties” we share with the City of Los Angeles. In fact, approximately twenty-five percent of the electricity consumed in Los Angeles is generated by power plants in Arizona.

If an economic boycott is truly what you desire, I will be happy to encourage Arizona utilities to renegotiate your power agreements so Los Angeles no longer receives any power from Arizona-based generation. I am confident that Arizona’s utilities would be happy to take those electrons off your hands. If, however, you find that the City Council lacks the strength of its convictions to turn off the lights in Los Angeles and boycott Arizona power, please reconsider the wisdom of attempting to harm Arizona’s economy.

People of goodwill can disagree over the merits of SB 1070. A state-wide economic boycott of Arizona is not a message sent in goodwill.


Commissioner Gary Pierce

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Klavan on the Economic Culture

Posted by Nancy on May 7, 2010

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Rethinking Earth Day

Posted by Nancy on April 22, 2010

It seemed so benign at first – celebate Mother Earth, teach the children not to litter, work for clean air and water……..

How did we get to an anthropogenic global warming scam, eco-thugs, and attempted takeover of our economy? 

Is there a reason those behind the first Earth Day chose to celebrate it on the 100th anniversary of the birth of that great Marxist, Vladimir Lenin?

As the saying goes, there are no coincidences.

During that first Earth Day man was proclaimed the polluter and would remain as such for subsequent observances that decade.  By the Eighties the event’s organizers cast man as the tree killer, and, with the Nineties, man evolved into the animal species annihilator.  The global warming scare never really became popular until the late Nineties, and when it did, it provided a hook that the compatriots at the Earth Day headquarters could hang their red berets on.  Known as anthropogenic global warming, it was a sexy sell: humans-particularly Americans-were now screwing up the entire planet’s weather.  By 2000 Earth Day organizers took ownership of this new angle and would never let go.  Sussman

Brian Sussman’s very interesting article is instructive on the agenda behind eco-movers, and why the House-passed cap and trade tax has less to do with saving the environment than it does with income redistribution.  The American Clean Energy and Security Act, scheduled for discussion in the Senate the day after Sunday’s Earth Day celebrations, shows the movement’s true agenda. 

For example, buried on pages 1014-1016 of the bill is the “Monthly Energy Refund.” According to this trick, for those with a gross income that “does not exceed 150 percent of the poverty line … a direct deposit” of an undisclosed amount of money will be sent “into the eligible household’s designated bank account[.]
On pages 502-503 we find the “Low Income Community Energy Efficiency Program,” whereby grants will be issued “to increase the flow of capital and benefits to low income communities, minority-owned and woman-owned businesses and entrepreneurs[.]”
Further proving that this is actually a welfare scheme, on page 973 we discover that for workers who lose their manufacturing jobs because the caps on their companies are too repressive and their employer either has to shut down or move operations to the third world to avoid regulation, the “adversely affected worker” shall receive 70 percent of his prior weekly wage, “payable for a period not longer than 156 weeks.” In addition, on pages 986-987 we read that the unemployed worker can submit up to $1,500 in job search reimbursements and get another $1,500 to cover his moving expenses.
And then there are the new federally mandated building codes, which will supersede local rules and regulations. The new codes will be enforced by what I refer to in Climategate as a “green goon squad.” On pages 319-324 of the House bill we read that the Secretary of Energy “shall enhance compliance by conducting training and education of builders and other professionals in the jurisdiction concerning the national energy efficiency building code.”  These EPA badge-wearing G-Men will be funded through global warming revenues procured through the cap-and-trade scheme, as well as by $25 million designated annually from the Department of Energy “to provide necessary enforcement of a national energy efficiency building code[.]”

Kiss more of your freedom goodbye if this bill passes.  Meanwhile, teach your children not to blindly believe all the eco-babble they bring home from school about loving Mother Earth and saving the environment.

Posted in Economy, Global warming, Politics, That's outrageous, Wave Bye Bye to Freedom | Leave a Comment »

What We Don’t See

Posted by Nancy on April 3, 2010

A short clip on Disastrous Economic Policies.

While politicians focus on what they want us to hear, we must remember there’s always more to the story.

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