The Decline Continues …
August 27, 2010 by Cato
Filed under Economics, National, National Politics
I guess it’s still all George W. Bush’s fault!
High Unemployment Continues. Home sales are in decline. Auto sales fell through the floor after Obama’s “Cash for Clunkers” program ended. Used car prices are unnaturally high thanks to government interference in the market.
What do these little factoids have in common? Liberal interference with the free market.
Who’s at fault? OF COURSE, it can’t be the sainted Obama.
If Republicans were out of power for DECADES. The left and the media would STILL somehow manage to blame George W. Bush and the GOP. One thing is for certain; FACTS mean nothing!
Sphere: Related ContentCan We Spend Our Way to Recovery?
August 22, 2010 by Cato
Filed under Economics, Fiscal Policy, National, National Politics
It should come as no surprise to you that I don’t think we can. Thanks to the profligate policies of Obama / Pelosi / Reid most Americans realize it too.
Is there a solution? YES! Read this outline from Heritage:
John Phoebus Attacks Jobs Issue on Lower Shore
August 19, 2010 by Cato
Filed under Economics, Fiscal Policy, Maryland, Republican Campaigns, Somerset Politics, Taxes, Wicomico Politics
It doesn’t matter whether you are looking at national or statewide polls, attending candidate forums, or simply talking with your neighbors; the NUMBER 1 ISSUE in this year’s election is JOBS. John Phoebus, GOP candidate for Maryland House District 38-A is one of the few legislative candidates who is prepared to offer a concrete proposal to stimulate economic development in his District, and the state of Maryland. Phoebus wants to reduce (or eliminate) the state’s corporate income tax).
Phoebus has proposed, along with many others, that Maryland roll back the 20% sales tax increase enacted by Maryland Governor Martin O’Malley and the Democrat controlled legislature. While this definitely would put money back into the pockets of Marylanders (where it belongs), the positive effects of such a roll back would primarily be felt in the state’s retail sector. However, Phoebus’s proposal to reduce state income tax rates for businesses would definitely increase Maryland’s competitiveness in attracting employers to the Old Line State.
Saturday’s Conway / Mathias Meeting
February 23, 2010 by Cato
Filed under Democrat Campaigns, Development, Economics, Fiscal Policy, Liberalism, Maryland, Maryland Politics, Wicomico Politics, Worcester Politics
Much has already been written about Saturday morning’s Salisbury town hall meeting held by Del. Norm Conway (D-38B) and Del. Jim Mathias (D-38B). Michael Swartz of Monoblogue provides a very factual, blow-by-blow account. Julie Brewington of Right Coast Girl weighs in with a little more opinion. My friend Joe Albero, uncharacteristically, is taking a “can’t we all get along” approach.
There are two things that almost everyone seems to agree on. One is that we appreciate Conway and Mathias taking time to meet with constituents. Yes, I know it’s an election year AND that it’s part of their job. Yet, not every member of the legislature takes the time. The second thing is that both Conway and Mathias are “good guys”. I concur. Wicomico County Exec Rick Pollitt is a “good guy”; so is Councilmen John Cannon and Dave MacLeod. Councilwoman Sheree Sample-Hughes is a “good person”. Hell, I’m sure there are even a few people who like Salisbury Councilwoman Louise Smith and Wicomico Councilman Bill McCain. Regardless, taxpayers need to ask themselves if they can afford to continue supporting these “good guys”.
BIG GOVERNMENT CONSERVATIVES?
Sphere: Related ContentAre Budgets “Moral Documents”?
October 29, 2009 by Cato
Filed under Conservatism, Economics, Fiscal Policy, National, National Politics
As an Anabaptist I’ve been a fan of Jim Wallis and his Sojourners movement for some time. I believe in peace. I believe in justice. However, I do not always agree with Wallis’s beliefs as to how we reach these goals. I believe that peace is best obtained through a strong national defense. I believe that there is no such animal as “economic” or “social justice”, which my Sojourner brethren seem to place so much emphasis on. These are simply nominal substitutes for seizing the property of your fellow for your personal benefit. Doing so in the name of “the greater good of society” is simply a means of making yourself feel better at the expense of someone else.
One of Wallis’s great sound bites is the claim that “Budgets are moral documents”. Ray Nothstine has argued that Wallis is correct, but not in the same way as Wallis would hope:
Currently this country is facing no greater crisis than out of control spending and a mounting federal debt—a moral problem of prodigious proportions.
Nothstine is correct. As our national government continues to spend far more than it receives in taxes we face a genuinely moral crisis. As the government grows and grows, it continues to find more areas of lives to control. We have a word for this – TYRANNY. The continuous battle between liberty and tyranny is a moral issue as surely as it is a political one.
Sphere: Related ContentWhy Big Government Hurts …
August 29, 2009 by Cato
Filed under Delaware, Economics, Fiscal Policy, National Politics, Video
… And Some Potential Solutions
Check out this video:
Now look at a few things that might actually stimulate the economy. A REAL Stimulus Package
Sphere: Related ContentAre Charities Losing Because of “Cash for Clunkers”
August 18, 2009 by Cato
Filed under Economics, Liberalism, National, National Politics
One of the problems with “progressive” ideas is that liberals believe that they are smart enough to predict every economic impact of a piece of legislation. The latest case is the Obama administration’s “Cash for Clunkers” program.
I’m sure you’ve seen or heard ads from various charities asking you to donate your junk car. The IRS only allows you to take a deduction for the fair market value of the vehicle. So, if your car is worth $1,000, you get to deduct that off of your ordinary income. You could save a maximum of $350 (in theory). Your savings would really be less, because if you’re paying the top marginal rate, you are almost certainly in AMT territory.
With “Cash for Clunkers” you get $4,500 off of the price of a new car. Let’s see … $350 or $4,500. Which is more? Are you more likely to donate the car to a charity or use it to buy a new car?
Besides the impact on charities, there has been another unintended consequence of the program – the used auto parts market. Because the engine has to be made inoperable (and the car shredded) as part of the program, used parts dealers (we used to call them “junk yards”) are facing a shortage of parts for their inventory. We can also expect to see an impact on the steel market because of an increased supply of mild steel (due to shredding these cars). Used car dealers will be impacted. Auto auctions will be impacted.
Sphere: Related ContentHow Can You Grow An Economy By Cutting Energy Consumption?
August 3, 2009 by Cato
Filed under Delaware, Delaware Politics, Economics, Energy, Environment
I’m a conservative. Therefore I’m in favor of conservation. Unfortunately, the left isn’t in favor of conserving energy. They are in favor of cutting our consumption of energy.
What’s the difference? Adopting policies that will encourage each individual, family or business to reduce their total energy consumption is conserving. Passing laws mandating that we will cut our TOTAL energy consumption is just crazy.
Case in point – Delaware’s SB106. This masterpiece of liberal “group think” requires Delaware utilities to cut their consumption by 15% by 2015. I know, it sounds great. Wind… Solar … No Nukes and rolling blackouts.
How does Gov. Jack Markell expect to attract new industry to the First State when Delawareans will be forced to pay more for electrical power than their neighbors? Don’t bank on “Cap and Tax” delivering a more even playing field Jack. Before people’s rates double, the Dems will be out of power and that farce will be repealed.
Delaware will be stuck with a stagnant economy and you’ll be wondering why.
Sphere: Related ContentJobs Keep Leaving the First State
While over 11,000 real, private sector jobs have left Delaware in the last year, even government employee is shrinking. Unlike the rest of America, where jobs paid for by the rest of us continue to rise, Delaware government employment is down.
I don’t know whether we should applaud Delaware Gov. Jack Markell or simply feel remorse for our brethren across the Mason-Dixon line.
Sphere: Related ContentThe Obama / Kennedy Road to Socialized Medicine
July 9, 2009 by Cato
Filed under Economics, Healthcare, National Politics
Choice. That’s what we’re being promised by Barack Obama. According to the left, if you go along with their scheme to nationalize health care you’ll be able to keep your private insurance and choose your doctor. Unfortunately, it flies in the face of common sense:
Politicians like Rep. Frank Kratovil (D-MD) try to tell us that the Obama / Kennedy plan won’t lead to a single payer system. Of course it will! It’s basic economics. If the taxpayer is subsidizing the “public option”, how is the private insurance industry expected to compete? When employers and individuals start flocking to the “public option”, because it’s the most affordable, what will happen to private health insurance?
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