How to Fix the Economy

I’ve been yammering on about it for years, so maybe you’re tired of reading my views…so, here’s someone else to say it.  Victor Davis Hanson over at NRO’s The Corner:

…If the government were an individual household, the only way out would be to cut spending and find new sources of wealth. Given worldwide demand for food and fuel, and given recent quite astounding new finds of natural gas and oil in the Dakotas, the eastern seaboard, offshore, the American west, Alaska, and Canada, it seems that we should be hell-bent on recovering these high-value fuels through new drilling, refineries, and pipelines, including ways to power our heavy trucks and equipment on natural gas. We should be planting acre to acre and end nonsensical biofuel subsidies and artificial limitations on irrigation deliveries to California’s West Side and elsewhere in the West. We need a national manufacturing policy that prunes regulations and encourages investment here in the U.S., ceases talk of new taxes, repeals the trillion-dollar take-over of the health-care industry, and stops hectoring Boeing about opening a new facility or trying to shut down energy generation plants…

As I’ve been saying – make, mine and grow more of our own stuff.  That is the only way out of this…we have to start creating wealth again.  Of course, this does require hard work, does require getting a little dirty and doesn’t allow for nearly the current number of government bureaucrats, mid-level managers and diversity coordinators, but that is just some of the heavy sacrifices we’ll have to make.

I believe it was Reagan who once said there are no easy solutions, but there are simple ones.  Getting our nation back on track will not be easy, but it is quite simple.  Ditch the idiot liberalism of the past few decades, insist everyone pull their weight and just get to work.  It’ll all be ok, if we do that…no easily; not with out a lot of tears and sweat, but it’ll all be ok.

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37 thoughts on “How to Fix the Economy

  1. neocon1 August 5, 2011 / 5:21 am

    pie in the sky
    we are facing a consorted effort to destroy the US from within.
    The communists realized after WW2 they could not defeat us militarily.
    Joe Mc Carthy was 100% correct, communists became active behind the scenes and bore deep into our institutions, schools and unions.
    It has taken 70 or so years but it is beginning to show it’s rewards.
    Remember marxist communism is an ideology that has world wide domination as it’s goal.
    They have now linked forces with islam and short of a massive war or judgement of God they might just win in the enslavement of the globe.

    • Green Mountain Boy August 5, 2011 / 7:37 am

      The muzzies in egypt showed the lefties whats in store for them them the other day in tahrir square. Think any lefties out there even took notice? Nope not to my knowledge.
      Ignorance surly is bliss.

  2. Dave August 5, 2011 / 7:56 am

    You are so right on about this Mark. It is like having it dangling in front of us and the liberal’s refusing to grab hold of. Drill baby Drill. If only some conservative would take this and run with it and (along with few other topics) and repeat it, repeat it, repeat it. Taking the message around the country and making the message clear, susinct, and do-able. Yes, hard work is needed but it can “simply” be done. In this environment, whomever can do this and be articulate about it will gain support of many Americans. Is it Romney, Bachmann, Perry, ???? I hope and pray someone will stand up and deliver this truth and this positive possibility.

    • neocon1 August 5, 2011 / 8:49 am

      G Partaaaayyyyy wooooo hooooo

      WHILE……….

      Leaders Issue Warning on Joblessness…

      Obama targets ‘millionaires’ — 0.1% of American taxpayers…

      Avg income drops $3,500 from 2008…

      ————————————————————————————————–
      meanwhile back at da crib aka raunch

      Obama has big birthday bash at WH…
      Packed with Hollywood stars…
      Dancing barefoot in Rose Garden…
      HIP-HOP IN EAST ROOM…

      (drudge)

  3. bardolf August 5, 2011 / 9:04 am

    Unemployment rate dips, economy adds 117K jobs

    WASHINGTON (AP) — Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst day on Wall Street in nearly three years.

    I’m all for going after the energy. OTOH I’m still not convinced that returning tax rates/DOD spending to where they were under Clinton would be bad for the economy.

    • Green Mountain Boy August 5, 2011 / 9:09 am

      Hmmmm, could of sworn that the other day you said you would be happy to back to the Reagen era tax tates?
      I would would be much happier if we would go back to income tax rates of Dec, 1912.

    • Retired Spook August 5, 2011 / 9:39 am

      OTOH I’m still not convinced that returning tax rates/DOD spending to where they were under Clinton would be bad for the economy.

      OTOH, if it results in increased unemployment and decreased economic activity, would you be willing to make up the difference out of your paycheck? Even Keynes said raising taxes in the middle of am economic downturn was a bad idea.

      I note in Neo’s post at 8:49AM, that average income since 2008 has dropped $3,500. Those making $250,000 have lost a lot more, and yet, you want government to take 5% more of that lower number. How does that translate to anything more than giving polticians another crack fix?

      • bardolf August 5, 2011 / 10:05 am

        Well that’s an interesting point. The agency dilema where there are only personal upsides for policies that work and no down sides for policies that fail. BTW I don’t believe in Keynesian economics and am just wondering if tax-increases-completely-off-the-table is becoming an incantation.

        I’d be willing to raise taxes by 10% on the wealthiest and take a personal .1% cut for any increased revenues in exchange for personal bankruptcy for 30 years if unemployment increased for more than a year. Of course my personal paycheck if things went bad wouldn’t cover but a couple other people at best.

        Do you think policy makers who put soldiers in harm’s way without a declared war should be shot if no good comes from their efforts? Do you think environmentalists who push cap and trade should be killed if their failed policies could be linked to job loss, civil unrest and ensuing violence where lives are lost? Should Barney Frank be made homeless for his support of Fannie Mae? Should Bush pony up $$$ for the failed war in Iraq which helped lead to the recession? Should the failed whole word educators or new math educators who experimented on a generation of students be fired?

      • Retired Spook August 5, 2011 / 11:52 am

        The agency dilema where there are only personal upsides for policies that work and no down sides for policies that fail.

        I’m not familiar with the term “agency dilemma (spelled with 2 m’s, BTW). What exactly is “agency dilemma”?

        BTW I don’t believe in Keynesian economics

        Not suggesting that you do, only that most, if not all economic policy makers in the Obama Administration do, and Keynes’ biggest criticism of FDR was for his raising of taxes in the middle of the depression, causing a sharp spike in unemployment (which had declined from 25% down to about 14%). It’s the one area where I agree with Keynes.

        I’d be willing to raise taxes by 10% on the wealthiest and take a personal .1% cut for any increased revenues in exchange for personal bankruptcy for 30 years if unemployment increased for more than a year.

        LOL!! I’ll bet you would.

        Do you think policy makers who put soldiers in harm’s way without a declared war should be shot if no good comes from their efforts?

        Depends on what the impetus for the action was and on how you define “no good”.. Also, who would choose which ones to shoot — you? Example: Afghanistan will likely never be a success, at least not if history is any indication; but the reason for commencing the military action was reasonable and honorable.

        Do you think environmentalists who push cap and trade should be killed if their failed policies could be linked to job loss, civil unrest and ensuing violence where lives are lost?

        Again, who would choose which ones to shoot? There have been those on the Left who have advocated prosecuting those of us who disagree with them on climate change/global warming.

        Should Barney Frank be made homeless for his support of Fannie Mae?

        No, Barney is one that should be shot.

        Should Bush pony up $$$ for the failed war in Iraq which helped lead to the recession?

        “Failed” in what way? While it hasn’t exactly gone as planned from the beginning, I would say history will be the judge of whether the effort failed.

        Should the failed whole word educators or new math educators who experimented on a generation of students be fired?

        No, they should be shot along with Barney.

    • Ryan Aaron August 5, 2011 / 10:11 am

      What about returning ALL spending to what it was under Clinton?

      • bardolf August 5, 2011 / 10:20 am

        Okay by me.

    • tiredoflibbs August 5, 2011 / 11:16 am

      Balddoof is once again very selective in what he posts…

      From the same article:

      “The unemployment rate dipped to 9.1 percent from 9.2 percent in June, but that was because discouraged job-seekers gave up the hunt.”

      So once again, unemployment “improves” mainly because those who quit looking are dropped from the calculation.

      • bardolf August 5, 2011 / 1:42 pm

        blame drudgereport

        nevertheless I hope your skepticism about economic indicators remains intact when there will be the next GOP president

  4. bardolf August 5, 2011 / 9:18 am

    Yeah

    But then there was a long discussion about the early Reagan years or the late Reagan years and I got bored. Personally, I would be happy to pay no taxes.

    The interesting thing about the tax discussion is it gave me the chance to look at how the whole IRS thingy started. Turns out a Republican got the ball rolling.

    *** On June 16, 1909, President William Howard Taft, in an address to Congress, proposed a 2% federal income tax on corporations by way of an excise tax and a constitutional amendment to allow the previously enacted income tax. Upon the privilege of doing business as an artificial entity and of freedom from a general partnership liability enjoyed by those who own the stock.

    • Green Mountain Boy August 5, 2011 / 9:28 am

      You qouting from wikistupedia again Bardolf?? Lets go back a few years and tell the folks “the rest of the story”

      • bardolf August 5, 2011 / 9:34 am

        Nothing wrong with Wikipedia it gives its sources if you want to follow up. What rest of the story do you have in mind?

      • Green Mountain Boy August 5, 2011 / 9:46 am

        Don’t worry about it Bardolf.. doesn’t make any difference in the end anyway.

    • Ryan Aaron August 5, 2011 / 10:13 am

      And Bardolf. . if you want to go that route, then you have to pin responsibility for the civil war, the continuance of slavery, jim Crow, segregation and the like on democrats.

      • bardolf August 5, 2011 / 10:21 am

        You think otherwise?

    • Mark Noonan August 5, 2011 / 11:22 am

      GMB,

      We only got that 0.1% drop by the BLS figuring fewer people in the labor force…the 100K+ number of “new jobs” is just a guess, at any rate…we won’t know how many actual jobs were created in July of 2011 for about a year. BS numbers put out by a BS Administration trying to keep things from falling apart…

  5. tiredoflibbs August 5, 2011 / 11:26 am

    CNBC: Mortgage finance giant Fannie Mae said it would ask for an additional $5.1 billion from taxpayers as a weaker housing market causes continued losses on loans made prior to 2009.

    Since Clinton modified CRA which allowed these giants Fannie and Freddie to have a mortgage to asset ratio of 40:1, 40:1!!!!! from 8:1, and was one of the catalysts to exacerbate the mortgage bubble, REFORM, true reform, in all aspects of government operations is needed to get a handle on the parasitic activity against our nation’s businesses by our benevolent government.

    Once government involvement in almost every aspect of our lives is removed (some are still needed) then we can start to recover from this huge mess caused by our big spending politicians (yes I am including those “republicans” who spent like liberals during the Bush administration). We need more conservatism in Washington and push more of the social programs onto the states, which is where it belongs in the first place.

  6. Green Mountain Boy August 5, 2011 / 11:31 am

    Anyone hear anything about the homeless lately from the msm? Maybe they are hanging with the anti-war protesters and the folks that WERE concerned about the dailey body counts. I mean these issues were of paramount importance when Bush was potus. What changed?

    • Mark Noonan August 5, 2011 / 11:35 am

      GMB,

      The New York Times is doing an in-depth study of homelessness and opposition to war. It will be published on January 21st, 2013.

      • Green Mountain Boy August 5, 2011 / 11:43 am

        You are right Mark. They probably have it ready now. I guess the war protested will show back up too.

  7. Green Mountain Boy August 5, 2011 / 11:38 am

    Almost two thirds of all United States Military deaths in Shitholistan have occured under potus bam bam. Where is the outrage? where are protest? where are the folks calling for war crimes trials?
    Kind of hard to be outraged or protest or hold a trial at a $30k per person birthday shindig eh?
    I would be like Neo and call bams a piece of shit but I am not that kind. Shit has a use. I regularly use it to fertlize my fields and garden. Piece of garbage is a better term. Garbage has no use.

    • neocon1 August 5, 2011 / 12:45 pm

      GMB

      Now now, EVERYONE knows POS = piece of SALAMI.
      thats my story and im sticking to it.
      however I could be convinced to use the term SHIITE for the POS 🙂

      • neocon1 August 5, 2011 / 12:54 pm

        mmmmm mmmmm mmmmmm

        This was ALL over the news today……….OH WAIT!!

        Report: Black ‘Mobs’ Attack White Patrons Outside Wis. State Fair

        ahhhhhhhh the smell of the 0chimpy and holder regime’s civilian security force in the Looooong hot summer.

        http://www.theblaze.com/stories/report-black-mobs-attack-white-patrons-outside-wis-state-fair/

        “It was 100% racial,” claimed Eric, an Iraq war veteran who told the station that young people beat on his car.

        WTMJ sums up their accounts: “Witnesses’ accounts claim everything from dozens to hundreds of young black people beating white people as they left State Fair Thursday night.”

      • Count d'Haricots August 5, 2011 / 12:56 pm

        Piece of Sasan?

      • neocon1 August 5, 2011 / 1:07 pm

        count
        LOL
        works for me.

      • Count d'Haricots August 5, 2011 / 1:23 pm

        neo,
        Ther you go trying to make something raaaaacist about this.

        It was just a situation those poor scared youths-of-color fighting back against the terrorists that strapped bombs to the Capital and forced Oblabla to surrender the country because the President is … dare I say … a black man!

        Those TEA Party Types just getting what they deserve. Racist white people!

      • neocon1 August 5, 2011 / 1:33 pm

        TERRORISTS per bite me stand up joe, and holder.
        must have these guys bros….

        Shock Video: Gunmen Open Fire on Public Bus in Philadelphia

        damn canadians…

      • neocon1 August 5, 2011 / 1:59 pm

        More pontification by the TRAITOR, FAKE, POS (sasan) JFnK..

        “John Kerry: Media Has ‘Responsibility’ to ‘Not Give Equal Time’ to Tea Party

        REALLY?
        FUBO and YOU;
        you FRAUD TRAITOR!!

      • Green Mountain Boy August 5, 2011 / 3:49 pm

        Well I am for not sugar coating it anymore. If you mean piece of shit say it. Dont rearrange or skip or use other characters to represent thefull word.
        If the moderator makes the descision to change the post or delete it entirely, well thats thier descision. No prob.
        I still believe piece of garbage is better. I like salami 🙂

      • neocon1 August 5, 2011 / 4:13 pm

        GMB

        LOL

        Im just a nicer more mellow guy than you…….LOL

  8. bozo August 6, 2011 / 7:23 pm

    Unless you plan to nationalize the oil companies, drilling-baby-drilling for oil in the Dakotas won’t balance anybody’s budget except multinational oil companies who will sell what they find to China if they’re the highest bidder, while creating yet another superfund site for YOU to clean up with YOU tax dollars – once again privatizing the profits while socializing the losses.

  9. Citizenone August 15, 2011 / 8:06 am

    I know how to fix the economy but I have no voice. It would work perfectly and completely without breaking anything else and would build our nation beyond expectations. It may only take 2 or 3 years to see the results.

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