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.

Asia-Pacific Markets Getting Hammered

Mish has the details and a roundup of really, really lousy economic headlines.

My take:  if the employment report comes in better than expected tomorrow, then the sheep who run our financial system will some how, some way, hold it to be evidence that things aren’t as bad as they look…the market might surge by hundreds of points.  On the other hand, if it comes in worse than expected, then watch out.

The bottom line for the global economy is, as it has been for years, that there is way too much debt.  Each and every nation – yes, including China – is honeycombed with bad debt which cannot be repaid…in some cases never, in other cases just not in the contractual time frame.  We borrowed ourselves in to a global boom and now the piper has to be paid.  We might dodge this one more time but no matter how many times we pull back from the cliff, we are still ultimately heading for a crash.  Default is the only way out for some nations, while a quasi-default will be required of all other nations.

The lesson to be learned is that debt is poison…we’ve been hoodwinked; suckered by a classic, get-rich-quick ponzi scheme which held that we could borrow forever, live like kings and never have to repay.  Don’t get me wrong, here – we, the people, for the most part eagerly joined in the scam.  We lost our heads – and, more importantly, we lost our sense of moral rightness.  Once we pay this price, it is to be hoped that we’ll take our lesson to heart and build an economy based on hard work, savings and careful investment.

Liberal Fascists to Silence Pro-Life Voices

From the Bay Citizen:

San Francisco leaders are launching a coordinated attack against what they call “one of the most serious threats to reproductive rights today” — so-called crisis pregnancy centers that advertise as though they provide abortions, but counsel against them.In a joint press conference with Supervisor Malia Cohen, City Attorney Dennis Herrera said the “right-wing, politically motivated centers” use false advertisements to target vulnerable populations and can cost women valuable time as they decide whether or not to end a pregnancy.

“Women’s reproductive rights are under assault,” Herrera said…

How dare they!  To think that someone might delay, even by a minute, the butchering of unborn children!  Thank goodness the government of San Francisco is up to the task…once they’re done, if you wind up pregnant in San Francisco, you’ll run no risk of someone offering an opinion that you shouldn’t kill your child.  Then, at last, all will be paradise in San Francisco, right?

A couple other cities under the iron grip of liberal fascism have also passed such laws.  They are very naturally being challenged in court and, if it gets there, the Supreme Court will strike down all such laws.  Free speech is free speech, even if liberals don’t like it.

But isn’t this just like our liberals?  They simply don’t want to hear us, at all…not even the slightest breath of non-liberal speech is to be allowed, if they had their way.  The fascism of the left grows apace (and is matched by the growth of liberal racism and anti-Semitism)…and I really do feel sorry for them.  To have so closed their minds and hearts to reason and mercy must make for a cold, lonely life.  They are screaming for relief, but all they do is keep lacerating themselves, and tightening their shackles a little more.

For goodness sake, liberals…do one small thing:  allow other people to talk some out of killing their children.  That is all…if you can just bring yourselves to tolerate that, you’ll be on the path to recovery.

Financial Crisis, Part 2: Welcome Back, 2008?

Quite a slide in stocks today, huh?  As for me, I’m congratulating myself on shifting all my 401k funds from stocks to bonds just yesterday.  I’m not sure that this move, in the end, will really save my 401k, but I was seeking some means of avoiding the crash in value I had back in 2008.

So, what now?  Do we keep crashing, or does something happen to make it all go away, at least for a while?  I honestly don’t know – but over at Zero Hedge a dire warning that there is no way out:

…Nothing from 2008 has actually been fixed. Faith and trust do not exist in the financial system anymore. Everyone knows the deal… they just don’t want to admit it as it means GAME OVER for the system as we know it.

Which is why now that the next round of the Financial Crisis has hit, there’s really nothing the Fed or anyone can do about it. They had their big chance to fix things in 2008 and failed. This time around, no one will believe the Fed can fix anything. And what’s coming will make 2008 look like a joke….

Could be – but I still think that the Federal Reserve and the US Treasury can pull a couple more rabbits out of the hat.  They can’t fix it, but they may be able to juggle the financial balls until after election day, next year.  Which is, by the way, the primary aim of the Ruling Class…keeping things together until after the election and hoping that no TEA Party-backed candidate wins the White House.  Their ultimate nightmare is a President who will actually change the system…the corrupt system, that is, which benefits the Ruling Class.

As for me, I admit to a tremor of fear today … I work at a firm highly sensitive to things like stock market crashes; this recession could become a depression right quick (on the “a recession is when your neighbor looses his job, a depression is when you lose yours” theory).  But, with all that, things will be as they will.  We’re in one heck of a mess – the end of Big Government liberalism will not be easy and it won’t be pretty.  Decades of living by lies has to be paid for…and we who are in the work force today will just have to pay.  But, also, we must change things…so that the children and grandchildren have that better future the liberals of the 60’s told our parents we’d be living today.

Live for 150 Years? Goodness, Why Would You Want That?

From Popular Science:

Bill Andrews has spent two decades unlocking the molecular mechanisms of aging. His mission: to extend the human life span to 150 years–or die trying…

…“I want to cure my aging,” Andrews tells me, “my friends’ and family’s aging, my investors’ aging, their friends’ and families’ aging, and make a ton of money. And I want to cure everybody else’s aging too—I put that probably equal to making a ton of money.”…

Andrews is clearly a smart man, and driven by a vision…and, who knows?, maybe he can eventually manage it and get human life spans up to 150.  I hope to be long dead by the time he figures that out.  Andrews is a bit extreme about it, but what he is doing is an apt symbol of our age:  a fear of dying so large that we both never really talk about death, and go about doing everything we can to avoid risk and extend our lives.

In this, I admire my late Uncle Mike – my godfather and a good man.  He was told he could have a surgery which would have extended his life.  His attitude was, “what for?”.  His beloved wife was long deceased, he had no children of his own and he was pushing 80.  He refused the surgery, came ’round to see my father (they got gloriously drunk and sang old songs together in a pub – and that is how you say goodby to those you love, if you get a chance), and then went off to die.  There is a time to live, and there is a time to die…and anyone who hangs too tightly to this world will find that he loses everything, including the next world, for his efforts.

Just the mere thought of living to 150 fills me with dread.  Figuring that I’ll live to my father’s age (general luck and genetics being about the same), I’ll make it until early 2047.   Am I supposed to want to live another 60 0r 7o years after that?  Do I want to live until 2107?  Work, pay taxes, deal with traffic for that long?  For another 96 years be faced with endless temptations to reject God and ruin myself for good?  No, thanks very much…I’ll take my 80 or so and be done with it.  Find me medicines which allow me to keep my eyesight and wits until the end, but don’t try to make me in to someone celebrating his 150th birthday.

And then there’s this – supposed you did find the elixir to make us live to 150 years, what sort of people would we be?  The saints among us wouldn’t avail themselves of it…the people most likely to claw desperately to such expedients are the greedy and the base…cowards and criminals.  Imagine if Stalin had such a medicine…he’d be 133 years old…and still have 17 more left to go under that plan.  Stalinism would still be ruling in Russia…and imagine just how bad that cruel, lunatic man would have become had he been able to live these past 58 years!

We can’t stop people from trying, but we can stand aside and leave them to their own horrors…and hope that wisdom comes to them, including the wisdom which says that, eventually, its time to go.  Don’t stand there forever in the way of those who come after…move on and leave the future to those who will live in it.

Capitalism or Socialism?

Donald Byrne over at Catholic Journal has an excellent look at both our horrid fiscal situation (yes, we really are going bankrupt) and points out that that in our most-desired goals (prosperity and equity), free market capitalism does much better than State socialism.  Essentially, the imposition of socialistic policies in the United States have exacerbated wealth disparities – if Obama’s goal was really to “spread the wealth around”, he’d be reading Hayek and changing course.  Byrne concludes:

…The goals that competitive free market capitalism brings society toward are efficiency and equity on the microeconomic level and high employment and a reasonable degree of price level stability as well as a consensus driven rate of economic growth.  The decisions of the many, NOT the few, dictate what an economy will produce in the way of goods and services, in what manner those goods will be produced and in distribution of income (the reward of the goods and services produced) with maximum freedom to the people as consumers and productive resources.  It is an economic system that is based on the principle of subsidiarity, again, where the decision-making is driven down to the lowest level possible…after all, who knows/understands better than the individual (in most cases) what is best for them?

And there’s that word I keep using – “subsidiarity”.  Remember, in the end all our fights are to secure for us “subsidiarity” – the right of individuals and localities to decide for themselves the best means of living their lives.  It is at the core of American political morality – it is why our Declaration asserts that government’s must rule by consent, and why the 9th and 10th amendments were added to the Constitution.  It is doubtful that many of the Founders had read deeply in to Catholic social teaching, but in this case they didn’t have to….anyone with a bit of wisdom will swiftly understand his inability to dictate to others, and others far away from his own community.

Obama’s crime against Americanism (because that is what is amounts to) is to suppose that he and those in power with him can determine what is best for everyone.  That they can justly “spread the wealth around” and come to a superior outcome than the individuals, themselves, could achieve.  Not only is this wrong philosophically, it is also wrong in strictly practical terms.  The erosion of the middle class, the destruction of America’s ability to make, mine and grow things, the bankrupting of our nation and the moral decline of the populace are directly traceable to socialistic attempts to decree an outcome, rather than allow things two work themselves out through the interplay of free people.

The only quibble I have with Byrne is over the use of the word “capitalism”.  We should more emphasize the term “free market” than the word “capitalism” because capitalism has come to mean in the public mind a collection of Ivy League educated board room trolls, and the government-subsidized crony-capitalist.  Our fight is not to make the world safe for GE; not to make smooth the path of Government Motors…but to free up the market so that average men and women can enter it, using their own means of production, to create wealth for themselves, their families and their communities.

In practical, political terms I think we’d do much better this way.  What we have growing in the United States is a populist revolt against the Ruling Class.  Sickened by the corruption of politics and the economy, the people are demanding that those who have ruined things be tossed out, while those who are willing to work obtain the greatest reward.  We’ll go further – obtain more power to reform, that is – if we hitch ourselves to this popular revolt, and we can best do that by clearly identifying ourselves in complete opposition to what is currently wrong.

As we enter the Great Debate of 2012, we’ll have Obama telling everyone that a victory for free markets means granny being thrown over the cliff.  Allied with Obama will be those crony capitalists who will warn that failure to support “too big to fail” corporations will be a disaster.  We must expose these lies – we must present a vision of America free and prosperous, and explain that all socialist plans (regardless of what label they are given) will lead to poverty, dependence and a divided, dysfunctional America sliding towards tyranny.  Our question must be – who do you trust:  Obama or yourself?  Make that the issue of 2012 and we’ll win so big a victory that liberalism will not trouble us again for 20 years.

Awwww, Poor Little Liberal is Offended

About this:

 

From Knox News:

Breath mints packaged in a tin can poking fun at President Barack Obama have been pulled from the shelves at the University of Tennessee bookstore after local legislator Joe Armstrong told store officials he was offended by the mints.

Armstrong, D-Knoxville, said he got a call from a student who had seen the satirical mints in the bookstore and was bothered by the depiction of the president…

Which can be translated to read:  “fascist toady spies something offensive about Dear Leader, denounces it to fascist, who then leans on the offender, who caves in because a government official like that can cause all sorts of trouble”.

What I’d like to know is – since when to Democrats care about offensive depictions of the President?  For 8, long years back there I seem to recall that Democrats were ok with just about anything insulting to the President.  Heck, books and movies were produced fantasizing about killing President Bush with nary a peep out of Democrats about it. But now we have to be respectful…

 

Global Warming Hoax Update

From Rasmussen:

…The latest Rasmussen Reports national telephone survey of American Adults shows that 69% say it’s at least somewhat likely that some scientists have falsified research data in order to support their own theories and beliefs, including 40% who say this is Very Likely. Twenty-two percent (22%) don’t think it’s likely some scientists have falsified global warming data, including just six percent (6%) say it’s Not At All Likely. Another 10% are undecided…

How much you want to bet that Obama and his Democrats don’t make much of an issue of global warming next year?  On the glad morn of Obama’s election, he told us that his victory was the signal for the oceans to recede…now, unless it is at an environmentalist fund raiser, I bet he doesn’t even mention it on the campaign trail.

The problem with the theory of global warming was that it was a lie from start to finish – a  scam designed to extract power and wealth from average folks and transfer it to the Ruling Class.  This is not the only such scam we have but it is the largest in dollar terms.  Never has so much been stolen from so many to benefit so few.

It will, unfortunately, die a slow, expensive death. So many people have their hands in the pie that getting rid of the pie will provoke desperate rear-guard actions.  But if we win big next year, we can at least start the process of ending this scam, mostly by transferring the funds to other, more worthy environmental efforts.

Will Taiwan Remain Free?

Asia Times has a bleak report about the ability of Taiwan to fight off an attack from China – the bottom line of it being that by 2020 China may have the capability to force a Taiwanese surrender.

The growth of Chinese military sophistication and China’s continual build up of weapons systems designed to counter American power is increasingly leaving Taiwan in a strategically untenable position.  If Taiwan cannot count on rapid and powerful American support, then resistance to any Chinese attack would be exceptionally difficult, and very likely doomed if China deployed all its power.  In the end, all a really firm resistance by the Taiwanese can accomplish – absent US support – is to make a graveyard of Taiwan (while also killing some hundreds of thousands of Chinese in payment).  So, what does Taiwan do?  And what does America do about it?

It is still some years before China can feel certain that a sea-borne invasion of Taiwan could be carried out in the face of US naval intervention – both in the air and undersea, the Chinese military is not even close to being able to stop us from blocking a move to Taiwan.  They can rain down death and destruction, but that is not what China would prefer to do.  Taiwan is very wealthy and China would like to capture it intact (Taiwan’s 23 million people produce $35,700.00 in GDP per person, China’s 1.3 billion produce $7,300.00 in GDP per person).  Raining down death and destruction (or threatening to) can get Taiwan to make a huge amount of concessions…but only a credible threat to leap across the sea and invade would convince Taiwan’s government to surrender.  That, as I said, is some years away…so Taiwan and the United States have a window of opportunity to make plans to deal with this.

The best way to deal with it, in my view, is to make Taiwan a nuclear-armed power.  Taiwan, un-aided, will forever lack the ability to defend itself in conventional war against China – the population disparities are so great that if China attacks, then Taiwan is ultimately doomed, even if they do put up a spirited fight and make the Chinese pay a usurious blood price for conquest (and, of course, the Chinese government is never chary with the blood of the Chinese people…sacrificing a million of them to gain prestige may be seen as all in a day’s work by the Chinese leadership).  Taiwan, aided by us, wins the war against China.  But can Taiwan really count on US aid?  Suppose we have a flabby President at the time?  Suppose our military has been hollowed out by budget cuts to preserve free birth control?  Suppose China’s cat’s paw in North Korea is ordered to engage us in war there just before China attacks Taiwan?  Counting on us is not something Taiwan can do.  So, self defense – but that is only possible for a small State like Taiwan via nuclear weapons.

Taiwan has the wealth and the technical capacity to build nuclear weapons, install them on missiles and deploy those missiles on submarines.  A force of four or five “Dolphin” class submarines, like those Israel has, armed with nuclear-tipped missiles would be sufficient for Taiwan to retain at sea a credible nuclear deterrent (you need four or five so that you can always have two or three deployed).  Israel would probably even be willing to help out, and we can provide clandestine assistance as well, though Taiwan would have to be on its own as far as nuclear weapons development due to our treaty obligations on non-proliferation.  Taiwan, right now, has just enough time to do this before China becomes powerful enough to enforce a surrender.  Faced with the prospect of a dozen or so nuclear weapons being detonated over Shanghai, Hong Kong and other major Chinese cities, the Chinese government simply would not attack – not ever:  it would never repay the cost (monetary, I mean, not blood…as I said, I doubt much that the Chinese government cares how many people die).

The choice is ultimately Taiwan’s – do they wish to be free?  I, for one, will always back coming to Taiwan’s aid because my view is that the United States can never afford having a free people be conquered by external tyranny.  Even at the cost of World War Three, we should fight China if China ever attacks Taiwan.  But Taiwan simply cannot count on my view holding majority support in the United States…or, even if it does, count on the American government at the time being able and willing to assist.  If Taiwan’s people wish to remain in freedom, then their choice is clear…build nuclear weapons and count on the ability to destroy China as their assurance against Chinese attack.

Poll: “Generic Republican” Bests Obama by Five

From Rasmussen:

…The latest Rasmussen Reports national telephone survey of Likely U.S. Voters shows the generic Republican with 47% of the vote, while the president picks up 42% support. Four percent (4%) prefer some other candidate, and seven percent (7%) are undecided…

Not the poll numbers of a man who just won a political battle.  Obama is severely damaged political goods.

He can (and likely, will) bounce back from this – and 2012 will be the hardest fought campaign in American history (possibly in world history).  Obama and the liberalism he leads and personifies will not go out without a fight.  No matter how bad things get, they will go after us with all they’ve got.  They will ask and give no quarter.

But, still, anyone who is worried that a robust, conservative message can’t win against Obama is nuts…any coherent alternative can beat him.  Better if its conservative, but the main thing for the 2012 GOP candidate is to not be Obama, just as for the Democrats the prime thing was to not be Bush.

We can beat him and his Democrats – and not just beat them, but crush them down so low that for 20 years they won’t be able to trouble us.  We can win the power necessary to restore American liberty and greatness…all we have to do is fight it out and never quit.