Tarrif's & Free Trade

With all of the back and forth on tariff's I think that Congress should enact the/a Reciprocity Tarrif Act. It would enact exactly the same tariffs on every single country as they have against American goods & services. If Germany has a 25% tariff on our cars, then exactly the same tariff would be raised against them. If they reduce their tarrif to 0, so would our...

Just a thought...

Obama's Records

Mr. Obama has set a number of records in the 32 months since he was elected president. Here there are:

Unfortunately these aren't records to be proud of...as he attempts to turn America into a 2nd world country...we're very nearly there.  Tonight, he asked (demanded really) Congress to give him another "stimulus package"...which is an admission of sorts, that the 1st one failed miserably. 

The classic definition of insanity is torepeatedly continue doing an action expecting to get a different answer...but getting the same result as the 1st time around.  Borrowing $300 billion dollars to give to states and municipalities so they can avoid layoffs isn't creating jobs.  It's the opposite...government doesn't create jobs, business does...and government isn't either efficient or nimble enough to react well to adverse economic climates...such as today.  Government can only place a brake on business, through heavy handed regulations (such as the Obama administration has implemented.).  This has the effect of detering business from either hiring or spending on new equipment or construction...

Thanks Barack...now will you leave us alone?  Go home already.

Hat Tip for the Pic:  JammieWearingFool

4 Minute Economic History Lesson

HT: Newsalert

It's the Economy Stupid: Chapter 497 - The Balanced Budget Edition

Mr. Obama says he's going to be engaging in a lazer-like focus on jobs...but hasn't he said that before?  I mean all through 2009 he said he was going to focus on jobs...and where are those jobs?  We've lost more than 2 million since then...just what has to happen for this man to understand that we're run out of other peopel's money and we absolutely must cut spending below the level of what taxes the government is taking in?

After all, what happens to the average person when their credit cards are maxed out, and their checks are bouncing left and right?  Congress must pass a real balanced budget amendment.  We're well past the time that we can afford as a nation, to spend money we dont' have. 

30% of California's budget comes from the Federal fisc.  New York is in a similar situation, as are all the other "blue" states...The EPA is literally passing regulations aimed at hampering any economic up swing.  Those regulations will in the end, force at least one state to "brown out" during heat waves, by forcing the closures of coal burning power plants. 

The socialist welfare state has failed.  Every single country in Europe that has that as their economic model has begun to swing away from it.  Keynesian economics has failed every single time it's been tried and it's failed this time as well. 

At this point the only way to save our economy, government and way of life is to return to the spending level of 2006 (prior to the 5 trillion dollar debt racked up by Nancy Pelosi, Harry Reid and Barack Obama, with the connivance of G. W. Bush) and cut that by 30%!  But our political class, hasn't either the courage or character to do it.  They will only push half measures, that do more harm than good.

The recent "debt ceiling" deal...doesn't cut current spending at all.  It will only curb "future growth" of sspending...no kidding.  It's not a deficit cutting measure, it will only slightly curb  how large the size of government grows.  Just another paper that guarantees "peace in our time."  But it won't guaranttee that Congress won't blow billions on pet projects.

Only by balancing the budget, and implementing a severe and serious austerity budget can the economy be restarted.  A vast reduction in the regulatory over-reach of government will encourage buisnesses to start hiring again.  Small business is the machine that grows our economy, and as a former small businessman, there's no way I'd hire new employees and expand my business right now.

Congress must quit playing politics and start acting like statesmen who have a vision...before it's too late, though I genuinely fear that we've crossed that threashold.

Bad Economy Explained: The Democrat Effect

I just read an excellent explaination on just what ails our economy.  It's The Democrat Effect. 

First, there’s “The Democrat Effect,” which is “the rational response by entrepreneurs, businesspeople, and investors to imminent or already present excessive government intervention, overbearing regulation, crippling litigation, and taxation, all of which seriously curtail economic activity to a greater extent than initially estimated.” When Democrats took full control of Congress in January 2007, initially reported economic news started to come in “unexpectedly” bad, and took serious turns for the worse when revised. Then, in the five months or so leading up to the 2008 presidential election, Pelosi, Obama and Reid deliberately frightened the economy’s key players with promises of steep tax increases, wealth redistribution, government control of medicine, punitive regulation, and energy starvation. This led to the almost unimaginable recessionary data declines described above. Perhaps Bush 43 could have done something to stop the madness; sadly, he really didn’t even try.

That's found at the bottom of a post on PJM. It does, however, have it's opposite reaction...remember, for every action, there's an equal and opposite reaction?  That's called The Conservative Effect,

For what should be obvious reasons, the flip side of The Democrat Effect is not called “The Republican Effect.” Its proper name is “The Conservative Effect,” which is “the rational response by entrepreneurs, businesspeople, and investors when The Democrat Effect has either ended or is sufficiently reined in, enabling a reasonable level of free-market activity to occur, and causing the economy to perform better than initially estimated.” From 2003 until 2006, the Bush administration’s across-the-board income and investment-related tax cuts enabled The Conservative Effect to take hold in the job market, where initial results routinely and “unexpectedly” beat predictions, and subsequent revisions moved the numbers further upward. Unfortunately, the millions of hours of busywork caused by Sarbanes Oxley, as well as the onerous costs the law added to going public — which caused and continues to cause growing firms which might have gone public in the U.S. before the law’s passage to either decide against it overseas – kept GDP growth, which could have been at least as strong as the late 1990s, at a mostly mediocre level.

and these were created by a guy who writes

Frequent BizzyBlog commenter “JoeC” formulated the foundation of the negative side of what I call “revisionomics” almost four years ago, and worked up the positive side earlier this year.

 Perhaps, after next November, we'll have a good dose of the conservative effect.  Here's hoping for some change, 'cause we're strangling on what hope and change has done to us since 2007.