Archive for the ‘Socialism’ Category

Tax Propaganda

Friday, April 17th, 2009

As you can see from the video below, paying money to the state was “patriotic” then, just the politicians say it is now.

However one thing has changed. Back then the propaganda said spending makes you an enemy of America: “Every dollar you spend for something you don’t need, is a dollar spent to help the Axis.”

Today we’re told to spend, spend, spend to “stimulate” the economy.

Big Business Is Not Pro-Capitalism

Monday, April 6th, 2009

Remember that story about how unfettered free-markets, limited-government, and massive deregulation are what Big Business wants so they can exploit the working class?

Turns out it’s not true. Take a look at who the Chamber of Commerce thinks are the most pro-business politicians, and which ones don’t make the cut:

Sen. Jim DeMint, R-S.C., had the most conservative voting record in 2008 according to the American Conservative Union (ACU), and was a “taxpayer hero” according to the National Taxpayer’s Union (NTU), but the U.S. Chamber of Commerce says his 2008 record was less pro-business than Barack Obama, Joe Biden, and Hillary Clinton.

Similarly, Texas libertarian GOPer Rep. Ron Paul—the most steadfast congressional opponent of regulation, taxation, and any sort of government intervention in business—scored lower than 90% of Democrats last year on the Chamber’s scorecard.

Liberal Democrats often accuse conservative Republicans of being pawns for Big Business, but the 2008 scorecard for the U.S. Chamber of Commerce—the largest lobbying organization in the country and the official Washington voice of business—provides convincing evidence to the contrary. In fact, the policy agenda of big business can be very different from that of limited-government conservatives and libertarians.

Four Republican senators failed to earn the Chamber’s “Spirit of Enterprise Award” (earned for scoring 70% or above): DeMint, James Inhofe of Oklahoma, Jon Kyl of Arizona, and Jeff Sessions of Alabama.

These are among the most fiscally conservative, pro-limited government members of the upper chamber—which is precisely their error, in the eyes of the Chamber. The heroes of the small government cause are the goats of the big business cause.

(Via Tim Carney who has been on this beat for years.)

How To Nationalize Any Company In Four Easy Steps

Saturday, April 4th, 2009

The Obama administration has nationalization down to a science:

  1. Offer company loads of taxpayer money at virtually zero cost.
  2. If company says no, threaten company with regulatory crackdown until it relents.
  3. Add strings to money company already accepted (ex post facto), including the power to fire CEOs.
  4. When companies try to payback money, refuse to accept payment, and tell them to see step three.

Don’t believe me? Read this Wall Street Journal article.

Thomas Woods Explains It All

Monday, February 9th, 2009

To coincide with the release of his new book, the prolific Thomas Woods, one of my favorite writers, has an article in Human Events:

According to Bob Higgs we may as well call the so-called stimulus bill “swimming-pool economics.” It’s based on the idea that if you take water from the deep end and pour it into the shallow end, the water level will rise.

Over the next few years, the February 4 report of the Congressional Budget Office (CBO) assures us, the stimulus is all sunshine and lollipops. The CBO concedes that by 2019 the stimulus will have depressed GDP by somewhere between 0.1 and 0.3 percent, but almost no Washington politician has a time horizon that long. (And even if those arbitrary figures were correct, they reflect only the palest shadow of the real consequences of the stimulus, as I explain in my new book Meltdown.)

The Keynesian idea behind the so-called stimulus is that prosperity can be restored if the government is allowed to seize enough resources from the private sector and spend them on just about anything.

Well, to be fair, not quite anything: according to Section 1109 of the bill, “None of the funds appropriated or otherwise made available in this Act may be used for any casino or other gaming establishment, aquarium, zoo, golf course, or swimming pool.”

The CBO provides us with the usual arbitrary estimates of the number of jobs the stimulus will create: between 1.3 million and 3.9 million. Wherever they pulled those figures from (and I have my suspicions), what kind of jobs are these? Are they jobs the economy would have produced in response to genuine consumer demand, or are they jobs the economy would have to be, um, “stimulated” into creating? If “creating jobs” is all we want, we should hand out teaspoons and tell people to start digging trenches. Government, since it acts in isolation from the market, can’t possibly know what kind of jobs actually yield value rather than simply squandering resources and wealth.

Section 3(a)(4) of the stimulus bill describes one of its goals as stabilizing “state and local government budgets, in order to minimize and avoid reductions in essential services and counterproductive state and local tax increases.” Isn’t that nice? Instead of having to raise taxes or (perish the thought!) cut spending, the states can simply get free money! Why didn’t we think of this before?

Now if you’re a saboteur who hates America, which is how President Obama characterizes critics of the stimulus, you might be inclined to ask where the tooth fairy is getting the money she’s giving to the states.

(read on)

Also, Young Americans for Liberty has launched a campaign to help get Woods on TV so that more people can be exposed to real cause of our current economic mess. Join up here.

[Incidentally, this will be the second book titled Meltdown that I'll be reading. Patrick Michael's book on the distortions and lies that surround global warming alarmism is also worth a read.]

Faulty Assumptions for the Detroit Bailout

Saturday, December 13th, 2008

The American Conservative magazine is one of my favorites. It is one of only three political magazines I have a subscription to - the others being Reason and Liberty.

But this article, by Patrick Choate, is infuriating. Choate argues for bailing out the Detroit Three, which he mistakenly refers to as the “American auto industry” (after all three of the “10 Most American Cars” are Toyotas).

Part of the problem is Choate’s assumption, laid out in the subhead: “If Wall Street warrants a bailout, why not Detroit?”  Let’s be clear Wall Street got a bailout, that doesn’t mean Wall Street warranted it.

Of all places TAC should know that just because the government did something, doesn’t mean it’s warranted, wise or even Constitutional. It’s sort of like saying “If Iraq warranted invasion, why not Pakistan?” After all, that’s where Bin Laden is right?

Later, he buys into the Big Three/UAW union’s propaganda. “a 100 percent closedown of the Big Three auto producers would result in the loss of almost 3 million U.S. jobs in the first year” he tells us. Nonsense. That’s only the case if the demand for cars drops simultaneously and all the assets of the so-called “Big Three” go dormant.

Without a bailout, if/when one, two or all of the Big Three go bankrupt, those valuable assets aren’t going to go to waste. They’ll be bought up at a discount and repurposed, most likely to make profitable cars. Many of the skilled employees that worked in the plants before will be needed to return to work in the plants. The same can be said of most of the suppliers, salesman and others who helped the Detroit Three produce, distribute, design and sell cars. Of course, the same can’t be said for the union officials who would be out of business, but who cares about those thugs?

Markets are incredibly vibrant and dynamic things. Resources don’t go to waste except when the government prevents the creative destruction that drives innovation. Choate may be right that the thinking that brought about the Wall Street bailout could be used to justify the a Detroit bailout, but that would just be repeating past mistakes. 

Haven’t we already thrown enough good money after bad?


Friday, November 21st, 2008

Yeah that’s about right…

But even this clever cartoon is a little generous to socialism.

After all, under socialism, if someone refuses to pay they are compelled to pay, literally at the point of a gun.  And I don’t just mean in Communist countries. If you refuse to pay taxes here in the U.S. ultimately the money will be taken at the point of a gun and you will be thrown in jail.

Stop Blaming Capitalism, for Socialism’s Failures

Thursday, September 25th, 2008

That needs to be the theme right now for everyone who cares about the free-market.

(Naturally there already is a facebook group.)

Breaking News: House Democrats call for nationalization of refineries

Wednesday, June 18th, 2008

How do you solve problems created by government mistakes? That’s easy… more government!

Democrats called for the government to own refineries so it could better control the flow of the oil supply.

Rep. Maurice Hinchey (D-NY), member of the House Appropriations Committee and one of the most-ardent opponents of off-shore drilling: ‘We (the government) should own the refineries. Then we can control how much gets out into the market.’

Sounds like Hinchey is auditioning for next dictator of Cuba…

UPDATE: It’s a good thing that John McCain is hitting back with conservative ideas:

Sen. John McCain called Wednesday for the construction of 45 new nuclear reactors by 2030 and pledged $2 billion a year in federal funds ‘to make clean coal a reality.’

Hmm. If clean coal is such a good idea, why isn’t someone aleady making a ton of money by building those power plants? Tax, then subsidize big business: the motto of the New Right.