Group items tagged

The time for presidential rhetoric is over. It is time for some action. This performance makes Katrina look like a home run!

Adam Smith observed in 1776 that economies work best when governments keep their clumsy thumbs off the free market's "invisible hand." Two generations later, in 1817, the British economist David Ricardo extended Smith's insights to global trade. Just as market forces lead to the right price and quantity of products domestically, Ricardo argued, free foreign trade optimizes economic outcomes internationally. Reading Adam Smith in Copenhagen -- the center of the small, open, and highly successful Danish economy -- is a kind of out-of-body experience. On the one hand, the Danes are passionate free traders. They score well in the ratings constructed by pro-market organizations. The World Economic Forum's Global Competitiveness Index ranks Denmark third, just behind the United States and Switzerland. Denmark's financial markets are clean and transparent, its barriers to imports minimal, its labor markets the most flexible in Europe, its multinational corporations dynamic and largely unmolested by industrial policies, and its unemployment rate of 2.8 percent the second lowest in the OECD (the Organization for Economic Cooperation and Development). On the other hand, Denmark spends about 50 percent of its GDP on public outlays and has the world's second-highest tax rate, after Sweden; strong trade unions; and one of the world's most equal income distributions. For the half of GDP that they pay in taxes, the Danes get not just universal health insurance but also generous child-care and family-leave arrangements, unemployment compensation that typically covers around 95 percent of lost wages, free higher education, secure pensions in old age, and the world's most creative system of worker retraining. Does Denmark have some secret formula that combines the best of Adam Smith with the best of the welfare state? Is there something culturally unique about the open-minded Danes? Can a model like the Danish one survive as a social democratic island in a turbulent sea of globali

New Article - Darrell Issa announces new oversight committee video channel on YouTube - a REAL step forward to government transparency - and if you like it, let your reps and senators know they need to do this for every committee!

Tim Fernholz wrote an excellent article in the National Journal about the "bait and switch" of Governor Walker's Wisconsin plan. Fernholz points out that the short-term deficit problem can be covered by debt restructuring, and that the big pieces of the bill that relate to dismantling public sector unions, control over Medicaid and creating a no-bid energy asset sale process are not directly budget related. There's a three-prong approach in Governor Walker's plan that highlights a blueprint for conservative governorship after the 2010 election. The first is breaking public sector unions and public sector workers generally. The second is streamlining benefits away from legislative authority, especially for health care and in fighting the Health Care Reform Act. The third is the selling of public assets to private interests under firesale and crony capitalist situations. This wasn't clear to me at first. I thought this was about a narrow disagreement over teacher's unions. Depending on what you read, you may have only seen a few of these parts, and you may have not seen them put together as a coherent whole. This will be the framework that other conservative governors, and even a few Democratic ones, will use in their state, so it is good to get a working model in place. In order to frame where it stands now, I'm going to chart this and give a set of descriptions and must-read links:

I would love to increase the number of teachers by 20%. I would love to, and to be fair to the Labour government have done a lot on that. But to just say that everything's perfect and we need to spend every pound that we're spending now is just being an ostrich.

I didn't do any research at all on Smith. I just read him. There's no research. Just read it. He's pre-capitalist, a figure of the Enlightenment. What we would call capitalism he despised. People read snippets of Adam Smith, the few phrases they teach in school. Everybody reads the first paragraph of The Wealth of Nations where he talks about how wonderful the division of labor is. But not many people get to the point hundreds of pages later, where he says that division of labor will destroy human beings and turn people into creatures as stupid and ignorant as it is possible for a human being to be. And therefore in any civilized society the government is going to have to take some measures to prevent division of labor from proceeding to its limits.

OBAMAS COMMING SOCIALIST POLICE STATE

OBAMA SUPPORTING AL QAIDA IN SYRIA CAN YOU SAY BENGHAZI?

OBAMA ADMINISTRAITION INTICING MORE IMMIGRANTS WITH FRREBIES YOU PAY FOR.

Since June 16, 2002, the Israeli Government has been constructing a West Bank Barrier in Jerusalem. The concrete wall is 750 kilometers in length and eight meters high. Thick concrete walls are equipped with trenches, barbed wire, electrified wire, watch towers, electronic sensors, video cameras, unmanned aircraft, sniper towers, and roads for patrol vehicles. The point is: there is no possibility to penetrate the wall. The barrier wall was built in a zig zag shape through ten of 11 districts; across all cities in the West Bank. Construction of the first phase started from the west to north of Jerusalem along 145 kilometers and was completed in July, 2003. The second phase is underway, ranging from eastern West Bank to southern Jerusalem. This wall needed a lot of funding, but the total cost of construction was never made public. For the barrier wall maintenance alone, Israel has to spend U.S $4.7 million/mile. So the total funds needed for the maintenance of the West Bank Barrier along the 750 kilometers is U.S. $ 3.4 billion.

A part of the voting rights act was annulled by the Supreme Court because it's believed that the legislation is out-of-date and that it's not unclear what areas actually need federal monitoring. So it's removing the protection of the federal government from monitored voting in the South. They talk about racial progress and change that'd happened in the 40 years since the voting rights act happened. Obama's not too happy with it, says that voting discrimination still exists in the country, and is calling on Congress to create legislation that would create equal access to voting.

The American troops had established their base in Afghanistan. In the process of fighting the terror groups, so many people have lost their lives in a manner that cannot be understood. However, people should not be biased and take the efforts that had been extended in the Afghanistan in a negative way. Surely, there is much more that has been achieved by the soldiers in Afghanistan. It is evident that the people can now take part in their daily activities without the fear of being attacked by the terror groups all to the courtesy of the American troops. Even though there is much more the Afghanistan government and civilians can thank the troops for, the Americans need to understand that there is much more that they need to do before they leave Afghanistan, so that they ensure everything runs as smoothly as it was before the terror attacks. It is very evident that thousands of people have died in the process of fighting.

Indian Government demonetise to 500 & 1000 rupee note in indian currency into global market.

Only time will tell how much difference this decision makes but atleast for now it looks a bold and positive decision...

Their figures do not include the co2 that people and other anamals breath out..IE: They are lieing, a progressives favorite pass time. Don't these guys have jobs? Actually they are living off of government grants....ain't that a hoot?

More, Bigger, out of control government, Be Afraid, Be very afraid!

OCCUPY AND TEA PARTY WANT THE SAME THINGS IT'S JUST THAT THEY DIFFER ON THE TYPES OF GOVERNMENT, THE REMEDYS AND THE WAY TO GO ABOUT CHANGEING THE MESS.