Why Obamanomics has failed

In short Obama's undermining of property rights is creating tremendous uncertainty. Ok we know tax increases, government spending and superseding bankruptcy laws on a whim is bad policy but what should he be doing?

The contrast with President Reagan's antirecession and pro-growth measures in 1981 is striking. Reagan reduced marginal and corporate tax rates and slowed the growth of nondefense spending. Recovery began about a year later. After 18 months, the economy grew more than 9% and it continued to expand above trend rates.

Cut spending and taxes is simple concept but tough to implement when your campaign was heavily funded and promoted by the public sector unions. So the substance is unlikely to change but even the rhetoric is wrong.

Second, the administration and Congress have through their deeds and words heightened uncertainty about the economic future. High uncertainty is the enemy of investment and growth.

This uncertainty comes from Obamacare and Cap & Trade.

Mr. Obama has denied the cost burden on business from his health-care program, but business is aware that it is likely to be large. How large? That's part of the uncertainty that employers face if they hire additional labor. The president asks for cap and trade. That's more cost and more uncertainty. Who will be forced to pay? What will it do to costs here compared to foreign producers? We should not expect businesses to invest in new, export-led growth when uncertainty about future costs is so large.

Let's hope after November Obama changes course.

Pajamas Media » Would a Tehran ‘No Fly’ Zone Work?

This is an excellent idea.

A no-fly zone is the legal equivalent of a naval blockade, but it can be used selectively to stop all military flights and all rocket launches. Because all of Iran’s neighbors are now on 15-minute notice against massive missile attacks with an expanding target radius that will soon encompass Europe and the United States, the crucial point is to stop Iran’s missiles from being launched in the first place. If someone is pointing a gun at your heart, make sure they aren’t able to pull the trigger.

The Obama administration has been reluctant to be perceived as meddling in the middle east, the progressive orthodoxy has a knee jerk hostility to the US asserting its interests. But this could be sold as means of supporting the Green Revolution bringing about a new Iran that recognizes it's citizen's human rights and unclenches it's fist in dealing with it's neighbors.

Unions face opposition from long time allies

Even their most ardent supports are coming to realize the present state of public sector unions is not sustainable.

For decades, many state and city politicians, especially Democratic ones, helped assure their re-election by cozying up to public-sector unions and benefiting from their campaign dollars and precinct walkers. Prior to their current jobs

This bitter irony is born out of necessity local & state governments have ran out of money.

"I'm getting branded as an antilabor person by the public employee unions, which amazes me because I've spent my lifetime doing right by working men and women," said Mr. Sweeney, 

Fortunately for Mr. Sweeney the visceral reaction of the unions will be perceived as an asset by the majority of voters in a general election. The trick for these new blue dog Democrates is surviving their primaries. The unions & net roots will ruthlessly be targeting any heretics.

At the local level they can't print money and they have reached the limits of borrowing. So the question becomes what is the union strategy if everyone can see the writings on the wall?  I think the plan is to delay the day of reckoning while pushing for a bail out from the feds, hoping to leverage those campaign contributions in 08.

SANTELLI TO GOVERNMENT: STOP SPENDING! STOP SPENDING! STOP SPENDING! 6-...

Santelli speaks the truth again

Does the Tim Scott, Nikki Haley Revolution signal a big shift nationally?

South Carolina: Outlier or National Precursor?

Interesting article that seems to suggest yes, what is happening in South Carolina does have national implications. Both Tim Scott & Nikki Haley are impressive candidates that have the potential to be stars on the national stage. Even more importantly in terms of November if the voters of a 1 party state that almost habitually resists change like S.C. are feed up its an important barometer of the mood nationally.

Appetite for Profit: All Aboard for Ice Cream: Nestle Peddling Junk Food on Amazon River to Reach Brazil's Slums

Some progressive foodies are incessant about Nestle selling their product in remote areas in the amazon it posted the comment bellow:

"The Swiss company has a team of 7,000 saleswomen who peddle packs of Nestle goods door-to-door in Brazilian slums."

A company makes a investment in a poor rural area, trains a work force providing jobs and innovates a distribution method to deliver the new product and you sanctimoniously declare it an outrage. I guess only food lawyers have the wisdom and insight to know what’s good for the people, they couldn’t possibly make the choice themselves.

The arrogance here is stunning, poverty is preferable to development.

The Founding Father vs. Progressives

Michael Barone underscores the point that property rights are essential to keeping the government from morphing into a kleptocracy.

The whole impetus of the Obama agenda has been to weaken property rights and increase govt redistribution of wealth, the very antithesis of what the founders advocated. Fortunately the American people reject this.

"So when Susan Roesgen, then of CNN, upbraided a tea party protester in 2009 by reminding him that he was getting a $400 tax rebate thanks to the Democrats' stimulus package, she was met with utter dismissal. You don't sell out your property rights for a mere $400."

G20's deaf ear towards Obama

Why aren't the Europeans listening to the US's call to continue "stimulating" the economy through massive deficit spending? The obvious wrong headedness of was never an obstacle in the past, but the difference this time is Greece.

The sovereign debt crises has scared governments so much that they are forced to address the reality. The social democratic model is not sustainable programs & spending must be cut. The big question is will Obama head figure this out before it's too late?

Back Agian

OK its been 4 years & two kids latter. With current administration driving the country off a cliff I've found myself agitated by the news on the daily basis and then I remembered I have a blog!