2011 Year in Review – The Good
This is the last (or first, depending on how you’re reading it) part of the series “2011 Year in Review: The Good, the Bad, and the Ridiculous.”
Evil’s Class of 2011
2011 was a good year for tyrants to breathe their last. Osama bin Laden, head of al-Qaeda and mastermind of the September 11, 2001 terrors attacks, was killed in a daring raid on May 2nd. Muammar Gaddafi, the long-time leader of Lybia, was captured and killed October 20th. Then, a week before Christmas, Kim Jong-Il, the North Korean dictator, breathed his last. These three men did very little to soothe pain and suffering in this world, choosing rather to inflict it in an attempt to maintain their power and control. As of today, none of these three men control anything – in my book, that’s a very good thing. (Even better would be a change in direction, though that’s looking doubtful at this point, except possibly in Libya.)
Contrary to popular opinion, you can make value judgments about these nations (or, in al-Qaeda’s case, their organization). Man has a God-given yearning to be free, both physically and spiritually. God also made it plain in His Word that choosing Him is a personal decision – it must be made in one’s heart, not forced by government at the point of a gun. Regimes can try to control behavior, but they cannot change hearts. These leaders used violence and oppression to try to conquer the hearts of their citizens, rationalized in many cases via religion; the God of the Bible wants us to surrender our hearts to Him voluntarily. These leaders worked against Him, and they are gone.
9-9-9
While the Cain Train’s derailment made the “bad” list, one positive to come out of his campaign was his 9-9-9 plan. This plan scraps all existing tax code, and replaces it with a 9% income tax, a 9% national sales tax, and a 9% corporate income tax. This plan is the first time a poll-leading presidential candidate has proposed such a massive overhaul of the tax system, and the only plan apart from the FairTax (which Mr. Cain also supports) that eliminates the ridiculous spaghetti of our tax code – spaghetti with a compliance price tag in the millions. While there was the expected knee-jerk reaction from the usual sources (“What? You mean POOR PEOPLE would have to pay 9% on THEIR INCOME, TOO?!?!”), Cain’s analysis showed that this would bring in about the same amount of revenue. Combine that with the vast simplification of the tax code, thus eliminating much of the compliance and enforcement expense, and you’ve got something that just might work.
I realize Cain’s analysis is that of someone running for office, but it does mesh with the analysis done by those that espouse the FairTax. 9-9-9 provides the most level of playing grounds – if you make $10,000, you’d owe $900; if you make $100,000, you’d owe $9,000; if you make $10,000,000, you’d owe $900,000. Corporations, although merely voluntary associations of individuals, are taxed at this rate as well. The national sales tax, balanced with reduced compliance cost to the businesses that would be collecting it, is nearly break-even. This would encourage growth without punishing success.
I can’t remember where I read it, but it’s almost like some people are obsessed with making sure everyone has their “fair share” of the pie. Others see the pie and ask “Hey, why don’t we just get a few more of those?” 9-9-9 clearly falls into the latter camp. Basing economic policy on “It’s not fair that he has more than me” is poor; there’s a reason we teach children not to look at life that way. Instead, we should compare our poor to the poor of other nations, and realize that even the “poor” in this country are better off than the average citizen in many other nations.
I hope that, the next time an alternative tax is pitched, we can have a rational discussion about it. In fact, the FairTax is proposed nearly every year – if you read about it and like it, just let your Congress-critter know.
A Full Trip Through the Bible
Inspired by my Christmas gift from my family in 2010, I searched the web for reading plans and found this one, which looked very interesting. I started a Facebook group and asked if any of my friends would like to join me on this journey, and 22 others joined me; I even made a few new friends along the way. Each day I would post the reading for that particular day, and we could use the group to share, discuss, or encourage one another. There were times I got behind (it happens), and when I posted an encouragement to the group, others were there with me. We weren’t judging each other, we were simply encouraging one another – as Hebrews 10:24 says, “And let us consider how to stir up one another to love and good works.”
The pace was quick, and although I enjoyed it and was blessed by it, I believe 2012 will see me taking it a bit slower. I did flag several verses as I was reading through, and those are the places I’ll start digging in and digesting what’s there.
So, there you have it. As in previous years, while I had to cut off the lists for the bad and the ridiculous, those all happened externally. I could have filled the list for this post with solely personal things. This tells me that I serve a God Who blesses me, no matter what sort of bad or ridiculous stuff goes on around me. I believe more good is on it’s way in 2012, and some of it might not even be just for me. :)
2011 Year in Review – The Bad
This is part two of the series “2011 Year in Review: The Good, the Bad, and the Ridiculous.” These are the things that were bad, but didn’t quite make the ridiculous list. (In many cases, though, they were close.)
Japan’s Handling of Fukushima
The tsunami that hit Japan in March of 2011 was bad – really bad. Nearly 16,000 people lost their lives because of it, and estimates on the damage it caused was over $200B. The enormity* alone would have been enough to land it on this list. However, the nuclear angle of the tsunami sent it right to the top.
Initially, the Japanese government declared a state of emergency. Then, they said that they had everything under control, and did not need to take any further steps. Some people familiar with reactors were not comfortable with this, and sadly, they were proved correct. The government of Japan admitted, little by little, how dire the situation was, which ended up with a complete meltdown of three reactors, and several hydrogen explosions. The contamination was likened to Chernobyl; thankfully, that disaster has not produced the ill effects that were forecasted for it. Hopefully we will see the same at Fukushima.
While there is no guarantee that any other nations’ aid could have prevented these meltdowns, it underscores the need for honesty and transparency in government, particularly during times of disaster. Thankfully, the myriad armchair nuclear scientists have moved on to other pursuits, and Japan has cleanup well underway. However, the effects of this disaster will be felt for many years to come.
Gabrielle Giffords Shot; Moonbats Expose Themselves
On January 8th, 2011, Rep. Gabrielle Giffords (D-AZ) was holding a constituent meeting in Tucson when she was shot at point-blank range. The shooter then turned and sprayed bullets into the crowd, killing several people. Miraculously, Rep. Giffords survived the shot, though she spent the majority of 2011 in the hospital or in rehab facilities. As the year closed, she was nearly ready to resume her regular schedule in Congress. While she was in the hospital, her husband flew on one of the final Space Shuttle missions. The shooting was bad, but her recovery has been one of the good news stories of 2011.
The man who shot her was a troubled individual, an anarchist who believed in “nothing” according to his friends. However, this did not stop the rush-to-judgment speculation of many media members. The first meme was that this was a deranged right-wing lunatic, acting out a map produced by Sarah Palin’s PAC in 2010. This map showed vulnerable seats with a cross-hair icon; of course this was the dog-whistle for the loonies to assassinate Democrats! Well, when that fell though, they still stuck with the right-wing narrative, until finally recanting when it was clear that this was not the case. Their rush to judgment gave us a window into their hearts, and what we saw was not pretty. (It also wasn’t news to many of us; just confirmation.)
Finally, many used her shooting to condemn the “violent” rhetoric (AKA firearms metaphors) that had become a part of the political system. This civility proved to be short-lived, and gave rise to the #NewTone Twitter hashtag, used by conservatives to retweet some of the vitriol directed at them.
These reactions illustrate the value of freedom of speech. Should these people have reacted the way they did? Of course not. But, without free speech, we wouldn’t know who the moonbats are. There are “journalists” who I simply will not patronize based on their behavior during this terrible tragedy.
US Credit Downgrade
In August, Standard and Poor’s downgraded the credit rating of the United States from AAA to AA. They did this in response to the failure of our country to address our looming deficits. When you look at our economic policies from 2006 forward, including 2009 being the last year with a Senate-passed budget, it’s hard to fault them for doing so. Our nation is ignoring the signs that tell us we should change; this year, the debt eclipsed our annual GDP. We cannot continue to spend money we do not have, while ignoring debt we have already accrued. Austerity is probably not going to get anyone elected, but it’s what we need; the world economy is no better than ours, so we cannot base our recovery on exports to other nations. We should position ourselves to ride out this contraction, so we will be ready to take advantage of the next expansion.
The Cain Train Derailed
I was on the Cain Train. I really liked Herman Cain’s plans for our nation. He was not a Washington insider, he has proven results with taking indentured businesses, making them live within their means, and growing them. His 9-9-9 plan attacked the sacred cow of tax code, proposing a much more fair solution. I wrote about him at length. However, as he rose in the polls, women began coming forward claiming sexual harassment and inappropriate behavior. These were bad, and he sadly put himself in the position of being vulnerable to those claims. His response, through his lawyer, was even worse; it sounded like something out of the Clinton administration.
Character matters. Even if every one of these claims were false, his inability or refusal to deny them outright gave us pause. A legal response that it was none of our business sounded fishy. Learning that he gave these women money unbeknownst to his wife just made me hang my head. Now, I realize that this comparison I’m about to make isn’t really apples to apples, but bear with me. When the Bible lists qualifications of a pastor, two of them are “husband of one wife” and “manages his own house well.” The first is important because fidelity to one’s spouse is an indication of fidelity to the rest of what they claim to believe, and the lack of it the same. The second lets us know that this person can work with people with whom they are close without letting them dissuade him from doing what it right. We’re not electing a pastor – I get that; the character required, however, is very similar. Mr. Cain did not manage his own house, could not refute these charges, and thus was drummed out of the race for Barack Obama’s job.
While there were plenty of bad things that happened, we can generally learn from them. May we learn, and not repeat 2011′s mistakes in 2012.
p.s. Intentionally left off this list is the Jerry Sandusky / Penn State scandal. Such unspeakable horror – may anywhere else this may exist be exposed, and the perpetrators be punished to the full extent of the law, and then some.
* Word nerd tip – “enormity” is not a synonym for “size,” but carries a negative connotation as well; in other words, it’s not just big, it’s big and bad. Its use here is appropriate; its common use elsewhere usually is not.
Health Care – From the Folks Who Brought You “Cash for Clunkers”
I made a Facebook status update earlier today where I said I hoped that the mismanaged “Cash for Clunkers” program (C4C hereafter) had caused some people to think about whether they wanted the same people in charge of their health care. Of course, with the limited space for status updates, and my double-dose of verbosity (which is genetic, I thnk), I really didn’t have room to flesh out my thoughts on the matter.
A review would be in order here. C4C is a government program that gives incentives for people to trade in cars deemed older and less fuel-efficient on a new car that is more fuel-efficient. A consumer group has a FAQ. A controversial provision of this bill is that these trade-ins must be completely destroyed – no parts can be salvaged at all, no tires, no body parts, nothing. One of my Facebook friends described the process they used – drain the oil, replace it with water, and run the engine until it seizes up. Anyway, this program was funded at $1 billion to go from July 24th to November 1st of this year. Yet, a short week later, the news begins to break that the program is almost out of money. There is talk of adding another $2 billion – that’s $3 billion of our tax dollars to buy and destroy perfectly functional cars, because they don’t fit someone’s idea of a “good car.”
Regarding the way these cars are being destroyed – this is the classic broken window fallacy, the economic theory that says that vandalism is good for the economy. A boy breaks a window; the shopkeeper must get it replaced. This benefits the window maker, which can benefit others in turn. However, the fallacy is that it does not look at what the money that the shopkeeper had to use to fix the window might have otherwise been used to do. For example, while the window maker advances, the shoe maker and baker, who might have received the money the shopkeeper would have spent, are hurt. (As an aside – wouldn’t it be better to keep the window maker in business by providing windows for new business? Oops – that was the greedy capitalist in me.)
Now, let’s look at the health care issue. Nearly every proposal I’ve heard coming from Washington decries the number of uninsured people in this country, how much we pay for health care, and how bad the insurance companies are. There are many ways to go about this; I’ll look at each of these in turn. As we do, keep in mind what happened to the “bad” cars in C4C.
We hear bad, bad things about the number of uninsured Americans – the latest numbers have it about 47 million. That’s a lot, right? Maybe, but maybe not. One thing that these stats do not take into account is the number of people who choose to be uninsured. Many college students are uninsured by choice (or by lack of giving it a thought – that would have been me right after high school!). The census bureau said that the number of college students was 15.9 million in 2004. How about single people? I certainly didn’t worry about health insurance when I was single. The census bureau said in 2007 that of the 92 million single people, 60% had never been married at all, and 15 million were over 65. Certainly not all of these are without insurance, but a good many may very well choose not to have it. That leaves the ones that can’t afford it – we’ll look at ways to make it more affordable in our third point.
Next up is how much we pay for health care. Yes, just like our military prowess, America is #1 in the world at spending per-capita on health care. We are also #1 in the world at medical advances and technology. These things do not come for free – what is the incentive for a company to develop the newest bang-up drug if they aren’t going to be able to make enough money on it to fund the research it took to develop it? Altruism may be nice, but it doesn’t put food on the table. While the exchange of money for services seems to be distasteful to some people, you’ll look long and hard to find a better motivator. Why do doctors put themselves through years and years of education after most people are already out working? For a few, they may just love their fellow man that much, but for the most part, it’s that American dream of making it, and having the things they want. How does one acquire things? Money.
All this talk about money brings us to those evil, horrible insurance companies. I’ve dealt with them just as many of you have, and it’s frustrating to have things denied because a t wasn’t crossed or an i dotted. However, let’s look at what we expect from insurance. Does homeowner’s insurance cover carpet cleaning, painting inside and out, and re-weatherstripping the windows? Does auto insurance cover oil changes, new tires, detailing, and radio upgrades? Then why must any health insurance cover check-ups? The litany of required services on some insurance providers is astounding – and, the consumer has no choice. I don’t think I could go to a state in the Union and get an insurance plan that didn’t cover maternity; as a male, I really don’t think that’s coverage I need. People view health insurance completely different from any other insurance. Why is it that, if something exists, people think that their health insurance should cover it? Some of these treatments or experimental procedures weren’t even in existence when the policy was written, but people think that they’re entitled to them.
This is where affordability comes in. Let insurance companies customize plans, so that people can buy just what they want (catastrophic coverage, for example) and exclude what they don’t (TMJ). End the ridiculous “discounted rate” on the billing – doctors have artificially raised their rates because they know that, for the most part, their patients’ insurance will only pay a portion of it. The price should be the same for someone paying out-of-pocket as it is for the insurance companies. (Back to auto insurance, does Ford offer Allstate a discount? Yeah right.)
What happens with this is the regular free-market benefits. First, the availability of health care goes up, because the people who opted out of “hypochondriac” coverage will not take up a doctor’s time for every sneeze and sniffle. Second, there is an incentive for providers to get into the business, as the playing field is more level and less laden with red tape. Third, people will be so happy that we’ll never have to hear about this ridiculous socialized health care mess ever again! (Well, okay, maybe that last one is a stretch.)
Now, let’s look at C4C health care. You’ll have politicians and government paper-pushers determining what’s covered and what isn’t, with their decisions holding the force of law. The thresholds will be hard – the qualifying line is drawn in the cement as it hardens. It will cost 10 times what “they” estimate – at least. Wait times will be through the roof, as anyone who qualifies for something will get in line for it, whether they need it or not. Over five or ten years, there will be a shortage of providers, because doctors will decide that law is a much more lucrative field. And, one of the founding principles of our nation will have been sacrificed on the altar of good intentions.
I know which one I’d prefer.
100 Day Report Card: D-
Yes, in 100 days I’ve gone from “skeptically optimistic” to hoping that 3 terms of Republicans can stem the tide from 4 years of our current administration. For all of the left’s making fun of Bush, and VP Biden’s history of gaffes, who knew that the current administration would make them look downright composed? It’s Amateur Hour at the White House, and our kids get to pay billions of dollars for us to watch!
Economics: F (only because F- isn’t technically a grade)
You would think that this would be the current administration’s strong spot, seeing that they won the election last year based on the crappy economy (or so they’d have you believe). Yes, the fiscal irresponsibility of the final year of the Bush v2 administration looks miserly compared with this stimporkulus and budgets we’re being asked to finance. The graph to the right gives an illustration of the impact of the current budget, compared to budgets under Reagan, Bush 1, Clinton, and Bush 2. Just as the New Deal lengthened the Great Depression, these artificial attempts to “fix” the economy are actually doing it more harm. Then they label those who are against it as dangerous – but more on that later.
National Security: D-
This one was not an F due to his quick response to the Somali pirates who had captured the captain of a US ship. Regarding the F/A-22 cutbacks, these were being discussed even in the previous administration, and even so, the “cutback” still result in more airplanes being built and delivered to fill the order. I don’t really have a good feeling one way or the other. The F/A-22 has been in work a long time, and had a lot of money already. To throw that away, when we used its predecessor for over 30 years, seems foolish to me. However, with the services merging more and more operations, perhaps it’s smart to have a plane that’s built to specifications from all interested parties. Time will tell. The release of the CIA memos, though, was a bad move, which I discuss in the next subject below.
Foreign Affairs: F
How many ways are there to mess this up? Maybe we should bow to another head of state. Maybe we should give the Queen of England an iPod with your speeches? How about giving 25 Region 1 DVDs to someone who can only legally play DVDs from Region 2? Maybe we could use the term “England” to tick off a good portion of one of our strongest allies. And these are the people who made fun of Bush? Maybe they should’ve left some folks from the White House Protocol Office on staff to train the new folks. I know that it was Kerry’s slogan and not Obama’s, but isn’t this the party that wants to make us “respected around the world”? Ignoring years of tradition and protocol is not the way to make that happen.
And, the release of the CIA memos has made us look even worse. We have people hyperventilating on both sides over whether waterboarding is torture. The ones who do us harm know that they don’t have to do anything for a while, because we’re doing it to ourselves. What the administration doesn’t seem to have thought through is that, though in this country, it may be easy to pin all that on the Bush administration, to the rest of the world, it’s still “America” that did it. And, if they know that we don’t have the stomach for it (would it really have been that out-of-line to put a caterpillar in a room with a terrorist?), their job is easier. The CIA agents are demoralized, and the enemy is emboldened. Call it what you will – naive, oblivious, amateur hour – it’s dangerous, and it’s made our country weaker because of it.
And, to those hyperventilating – if you’re ever captured by them, you’d better pray that waterboarding is the worst thing they do to you. Because we’re humane, we’ve come up with ways to make people think that they’re being tortured, when they’re really not. Torture has lifelong implications to your health and mobility; John McCain can’t lift his hand above his shoulder – that didn’t come from waterboarding.
(Even the decision to stick by the Iraqi withdrawal timetable couldn’t raise his grade in this subject.)
Domestic Affairs: F
Janet Napolitano is a joke. “Nonetheless, to the extent that terrorists have come into our country or suspected or known terrorists have entered our country across a border, it’s been across the Canadian border. There are real issues there.” “Crossing the border is not a crime….” Tax Day Tea Party protestors are dangerous right-wing extremists, and they could easily recruit returning combat veterans. I don’t feel that our homeland is very secure – I feel that this department is now being run as a playground for political paybacks. Then there’s Hilda Solis, the Labor Secretary confirmed because the Republicans just got tired of fighting. I saw one interview on TV where she must’ve claimed “but we’ve only been here 5 weeks” about 7 different times. That’s not the way a leader talks. An amateur hour two-fer.
Social Affairs: F
I believe I covered Obama’s revocation of the Bush executive orders regarding federal funding for embryonic stem cell research. (I’ve bolded the important parts, because I’m sick and tired of the liberal “You’re opposed to science!” mantra. No, we’re not – we’re opposed to the government paying for research that destroys unborn humans, especially when it has shown no signs of finding anything, but other, similar, non-lethal-to-the-donor research has. (And, check out #1 under “Adult Stem Cell Advantages.”) What you fund, you get more of – fund more experiments on dead babies, you get more dead babies. I happen to be against dead babies, born or unborn.) When Obama rescinded that executive order, he also rescinded one that allows funding of ethical experiments. A good analysis of what that means is here.
He gets a pat on the back for supporting traditional marriage; however, I think that battle is lost. The demise of marriage came not from non-traditionalists, but from people who decided that a promise of forever can be undone by a piece of paper signed by a judge.
Well, he’s got a solid 0.2 GPA headed into day 101 – nowhere to go but up, eh?
Quick Hits II
First up is the latest column from Thomas Sowell entitled “Subsidizing Bad Decisions” in which he asks a very good question – “Why should taxpayers who live in apartments, perhaps because they did not feel that they could afford to buy a house, be forced to subsidize other people who could not afford to buy a house, but who went ahead and bought one anyway?” Read the whole thing, particularly the part where he talks about “saving for a rainy day” and “sadder but wiser.” I’d planned a longer post on the economy (and I still may do that), but this is pretty much the way I feel about it.
And, backing him up is some timeless advice from Adrian Pierce Rogers, via Neal Boortz…
You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that, my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it.
If only Washington, D. C. understood that simple truth.
2008 Year in Review – The Ridiculous
This past year has been one of the most eventful years I can remember in the recent past. Continuing a now 3-year tradition, this is the first of three posts that comprise “2008 Year in Review – The Good, the Bad, and the Ridiculous.” I post them in reverse order, so that they make sense when reading them in the archives.
So, let’s look at that the things that went beyond bad (AKA ridiculous) this past year…
- Sarah Palin’s Treatment
In August, John McCain announced his running mate – a virtually unknown Alaskan Governor Sarah Palin. However, she was not unknown to those of us in conservative circles (even if we thought her name was pronounced PAL-inn instead of PAY-lin). In fact, I still credit Cassy Fiano with being prescient on this – she posted about her way back on June 23rd. We knew her story, her accomplishments, and her attitude. Although this was her first national campaign, she already had a nearly 20-year career in governmental leadership. With the opposing party running someone with 120-some-odd days in a legislative office, one would think that she would be dealt with on her merits.
But, as we all know, that’s not how it went down. From day 1, she was called inexperienced. Remember this press release from the Obama campaign, released the day her selection was announced?
Today, John McCain put the former mayor of a town of 9,000 with zero foreign policy experience a heartbeat away from the presidency. Governor Palin shares John McCain’s commitment to overturning Roe v. Wade, the agenda of Big Oil and continuing George Bush’s failed economic policies — that’s not the change we need, it’s just more of the same.
And, it didn’t stop there. The women who get attention from the media, AKA radical feminists, piled on, calling her everything but a woman. I’m not lumping the Saturday Night Live satires in with this; they spoof everyone, and they invited both McCain and Palin to be on the show (and they both did a great job). Her experience was ridiculed, her wardrobe maligned, her children jeered – and the list at this point is charitable. Rumors swirled that Gov. Palin’s special-needs child was actually borne by one of her daughters, fathered by her husband; and the rumor of her daughter Bristol’s pregnancy, while proved true, was played to make her look like a backwards hillbilly redneck. It was all truly despicable, which is why it leads this year’s list.
- Don’t Taze Bail Me Out, Bro!
Government interference in the private sector came to a head this year in a bad, bad way. Fannie Mae and Freddie Mac, entities that helped provide “sub-prime” mortgages (a euphemism for “loans people can’t really afford”), were providing these loans the same way they were in the late 1990′s, at the crest of the Internet wave. I remember a scare after 9/11, when the housing market really went south – but, we didn’t learn from that. Banks continued making loans they had no business making, to people who had no business seeking out such loans to begin with, for real estate that, contrary to the view of some in this country, is not an entitlement.
The bubble burst! (surprise, surprise) With the downturn in the economy (which even Bill Clinton understood – “It’s a crisis of confidence”), banks were having to foreclose on these loans to get their money, and people were being evicted from their homes (technically “the bank’s houses” at that point). I’m not completely heartless – losing a home stinks; but, the true heartlessness was letting them get it in the first place. Politicians demagogued the issue – how many times did you hear “Owning a home is the American dream!” – and people bought it, literally. With lots of foreclosures and slow sales, this snowballed from Fannie Mae and Freddie Mac to Lehman Brothers and AIG, and soon we heard about impending financial collapse.
Fast-forward to November – the “big three” auto makers say “Hey, we need a bail-out too!” The CEO for GM actually apologized for their making crappy cars (in a manner of speaking). The cause in this case is related in mind-set to the mortgage problem – an entitlement mentality. The United Auto Workers union had strong-armed these companies into providing compensation packages for their employees that, given their sales and profits, were unsustainable. The UAW refused to match packages that are successful for Toyota, Hyundai, and other manufacturers outside of Detroit, and Congress refused to give them money (quite possibly the best thing this current Congress has done). The Bush Administration has opened up money design for financial loans for these companies – we’ll have to see how that pans out into 2009; GM and Chrysler took it, Ford did not.
The biggest problem with all this is something I’ve been saying for years, which was only confirmed when I took my Microeconomics class last year. Government interference in free markets only causes problems. Oppressive regulations suppress innovation, and incentives create bubbles that cannot be sustained. So, in my opinion, the best way out of this is to let the bubble burst, clean up the mess, learn these important lessons, and move on. These packages, whether you call them “stimulus” packages or “bail-outs,” what they really are is rewarding irresponsible behavior, by taking money from those who have been more responsible.
- The 2008 Olympics
No, I’m not talking about Michael Phelps’ ridiculous display of athleticism. :) This is more for China and it’s show. The opening ceremony was certainly impressive, to the point of being creepy. Fake fireworks? Isn’t this the land known for it’s fireworks? Just because communist countries get Olympic games doesn’t mean that I have to like it – I remember the USSR games in 1980. But, to watch the coverage of these games, you wouldn’t know about China…
…except for their women’s gymnastics team. Although the IOC eventually determined that all of their team members were 16 years old, I’m not buying it. However, I’m glad they tried it – it brought their “reality is what we say it is” style of heavy-handed government to the attention of many, many people.
- Burma Refuses Aid after Cyclone
In the spring, a horrible cyclone hit Burma (AKA Myanmar), a nation in southwest Asia. Aid workers and aid began to pour in from all over the world, only to be rebuffed by the militaristic governmental dictatorship. Visas were held up or denied for many aid workers, and the government refused to allow aid to go directly to the people; rather, it mandated that all aid be given directly to the government, for it to distribute.
This is absolutely ridiculous. Even when nearly half a million (yes, that’s 500,000) of its citizens have lost their lives, the government continues to keep a stranglehold on this country. By not allowing aid into the country, the after-effects of disease brought on by contaminated water only added to the death toll. Even today, the country is still stiff-arming offers for aid, insisting that things are back to normal. I’d rather live through 100 Obama presidencies than live one day under a government like that!
What did you think was ridiculous in 2008? (Just a note – I’ll have the 2008 election in the “bad” entry…)
Effect, Meet Cause
Neal Boortz provides validation today for those of us who claim that a higher minimum wage leads to lower employment. It turns out that July turned out to be a really bad month for teenage employment – the typical person seeking minimum-wage employment.
Last month, President Bush lifted the ban on offshore drilling, and crude prices dropped $10/barrel almost overnight. We can’t drill our way out of this situation, we kept being told (Morgan Freeberg makes mincemeat of that ridiculous phrase); but, when one of the two restrictions on offshore drilling are lifted, the price plummets.
The Godfather points out an AP release in which, all of a sudden, they determine that “trickle-down economics” actually exists! When “rich” people don’t get as much money, they don’t give as much, or they don’t hire as much.
Hmm…
Some Other Places to Find Me
I Support
Tennessee Football
2011 Season — NR
(5-7, 1-7 SEC)
Jeff Gordon®
NASCAR Driver
2011 Season — 8 (-116)
Colorado State Football
2011 Season — NR
(3-9, 1-6 MWC)