Showing posts with label Capitalism. Show all posts
Showing posts with label Capitalism. Show all posts

Wednesday, February 18, 2009

America: All Of Your Businesses Will Be Ours

Yes. Let's do this thing.

Captain Capitalism:

First you have the corporate tax rate. Oh sure, not a big advantage, but a large enough advantage it behooves the question, why havn't American firms been fleeing north to set up corporate HQ's? I mean if they're going to endure constant negative media coverage, an ignorant villianization of their existence, why suffer a 39.5% tax rate when you can suffer a mere 33.5% tax rate.

Oh, and did I mention they have nationalized health care? That may not seem like an advantage to us die hard capitalists, but for a corporation that would cut IMMEASURABLY MUCHO on their labor costs as they no longer have to pay health care insurance. So lower corporate taxes, plus savings of roughly 1/3 on labor, all the while still having the benefits of a modern, English speaking economy geographically close to their market. Please, somebody tell me why corporations haven't fled to Canada yet?

Second, corruption. I opined earlier that the US' corruption index would collapse under all the corruption, sleaze and parasitic scum buckets ranging from everybody like big fish like Bernie Madoff to the millions of smaller scumbucket fish like the investment banking, blue blood, bulge bracket nepotist and cronyists who got their jobs because of daddy and not because of skill, but forget that. Even ignoring that likely collapse, Canada is already significantly less corrupt. 8.7 vs. a 7.2. Why deal with a bunch of criminals in institutions such as the government, corporations, your employer or your educational institution when you can have significantly less crime in the institutions of Canada? It's not like we're Somalia, but give it time.

Third, government deficits as a % of GDP. Never mind that the OECD data I pulled for the US is already outdated as Obama just sign the "F#ck America over" bill which puts the real government deficit closer to 10% GDP. Let's just "hope" it stays at the previously OECD projected 5.2%. Whether it's 5.2% or 10%, it's a many-multiple of the insignificant .5% deficit the Canadians are racking up.

Fourth, and what does the fiscal recklessness that causes deficits culminate into? Why the national debt.

Yes, the national debt!

"Sick and tired of having to pay for what you want to consume? Why then just borrow it from future generations by saddling (and screwing them over) with the national debt. All you have to do is vote for socialists who couldn't balance their check books as mommy and daddy paid for their philosophy degree in college, who inevitably ended up in politics, because, well, that's where true scum bags with no skill end up. Slavery isn't dead! It's just deferred! Vote for the national debt!"

Apparently the Canadians (and I know, this sounds crazy) don't hate their children nor their grandchildren. Apparently they seem to have this thing called "fiscal austerity" or "fiscal discipline." Because they've ran smaller deficits, they naturally have smaller debts. Their national debt is only 22% GDP while ours is 52% (oh, and yeah, that doesn't include the debt the genius "stimulus" package just saddled us with).

So you can either forever serve in servitude to pay for the "Great Society" and social security and medicare (because that form of slavery is OK), or you can move and not be so indebted.

Fifth (or as Dave Chappelle says, "fif") corroborating their fiscal austerity and their remarkable ability to maintain the simple 3rd grade level concept of spending within their means, it is not just the government that seems to balance the books, but the people in general. The current account deficit, though a deficit, is only 1.8% of GDP compared to the US' 4.4% (again, Obama, socialists, stimulus, not adjusted, more like 10% GDP, etc. etc., never mind). Yes, not a surplus, but 1.8% versus what in reality will be closer to 11% in the US, where would you rather be.

And finally, six, that whole thing about "Canadians are taxed WAY more than the US!"

Oh really?

You see the ideal measure of the tax rate is government spending as a percent of GDP. In that revenues don't really matter since spending, not matter if you pay for it with borrowed money or current tax revenues has to be repaid with future taxes. I've mentioned this before, but for all practical purposes, the US and Canada have the same effective tax rates, both roughly 39%. At least in Canada you get "free" health care (and I know how weak that argument is, but just to goad the left).



PLUS: C'Mon, Move To Canada

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Tuesday, February 17, 2009

"A Culture War Has Been Launched Against Free Markets"

The Telegraph:

Iain Martin's observation - "A culture war has been launched against free markets and so far the hostilities have been astonishingly one-sided" - unfortunately applies just as much to America as to Britain. Our capitalists, from think-tank intellectuals to businessmen, are unforgivably timid in the face of an anti-capitalist onslaught of bailouts, handouts, deficit spending, and central planning. Why?


I find myself confounded by this state of affairs as well. It applies just as suitably to Canada as it does to Britain and the United States. Certainly, capitalists ought to be aware of the very real dangers posed by Keynesian economics and yet a popular and principled opposition to government intervention is nowhere to be found. What's more, this conspicuous silence is transpiring in the context of the passing of a stimulus package worth nearly a trillion dollars (once interest is accounted for) in the United States and while Canada's culture of corporate welfare continues to thrive.

Case in point: the Prime Minister of Canada, who has been derided by his political opponents for years as an hard-nosed laissez-faire capitalist, capitulates to the left in the 2009 budget without even so much as a nod of apology to his alienated supporters.

Where is the outcry? Sure, there are those who dissent but their efforts appear to be mostly half-hearted and they tend to steer clear of condemning all efforts to 'stimulate' the economy.

The author's explanation for this silence is as follows:

Because most accept the central argument behind the onslaught: that today's crisis is the result of overly free markets, that laissez-faire philosophy and economics have been discredited, and that the mess they left can only be cleaned up by government intervention.

I think that Martin's observation that a culture war has been launched against free markets is quite accurate. Unfortunately, the battles so far have been rather one-sided. If capitalism is going to survive to see the other side of this financial crisis, advocates need to ramp up their support in a big way and that means not just defending free markets but pointing out the central role that government has played in distorting market forces and in generating our current state of crisis.

So consider this a call to arms to Canadian capitalists:

"Gentlemen may cry, Peace, Peace-- but there is no peace. The war is actually begun. The next gale that sweeps from the north will bring to our ears the clash of resounding arms. Our brethren are already in the field! Why stand we here idle? What is it that gentlemen wish? What would they have? Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!"

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Saturday, February 14, 2009

"The Capitalists Will Sell Us The Rope With Which We Will Hang Them"

As the rising tide of government intervention comes to consume more and more of the formerly private sectors of the American economy by way of this outrageous porkulus package, one is tempted to wonder what enemy of big business is perpetrating such a great injustice against the ranks of the so-called capitalists.

Hell, there doesn't appear to be a single component of this bill that ought to attract the support of business, especially since the portion of the package that is dedicated to business tax relief has become negligible, in stark contrast to efforts to entice business into giving up their freedom in previous decades.

So what fiendish enemy could possibly be hoodwinking big business into supporting this destruction of the free market?

Unfortunately, in the era of Obama, the greatest threat to big business is big business itself.

Devoid of anything resembling principle, these companies will sell themselves down the river with smiles on their faces for the illusion of security and, more importantly, to shift responsibility from themselves to the government.

As Vladimir Lenin chillingly put it, "The capitalists will sell us the rope with which we will hang them." How very right he seems to have been.

Michael G. Franc:

As the trillion-dollar-plus economic stimulus bill moved through the legislative pipeline, the portion devoted to business tax relief shrank, and shrank, and shrank. According to the Joint Committee on Taxation, the bill filed early this a.m. had been shorn of all but a few items of non-simulative tax pork worth a mere $6.15 billion over the next decade.

This is significant because, historically, business tax relief is the lure that attracts the support of large business trade associations to unwieldy legislative monstrosities such as the economic stimulus bill. Indeed, earlier this week top officials at business groups such as the National Association of Manufacturers and the U.S. Chamber of Commerce (among many others) were dropping hints that their organizations would take the bait.

But even as the conferees opted for more spending and less tax relief, the business lobbies held firm in their support of today’s bill. Remarkably, the National Association of Manufacturers not only endorsed the final agreement, but informed Members of Congress that it would be “key voting” the vote on final passage. “Key voting” is the trade association’s way of elevating the importance of a particular vote to Category Five status.

Message: We don't just like this legislation; we really like it.

To NAM, the pro-business position is to vote for a bill that reverses the highly successful welfare reforms of 1996 and drastically expands the welfare state, does extreme violence to the concept of federalism, and greatly shifts the responsibility and power over health care delivery and decision making from individuals to government, among many other failings.

A top NAM official explained:

We are in extraordinary times. We feel a balanced spending and tax relief package to revitalize our economy is needed. All of our members are on the frontlines of this crisis and are very eager to see some help from Washington… For companies that are struggling right now, that cash infusion could be the difference between life and death.

Ditto for the U.S. Chamber. A revealing story that appeared today in the McClatchy chain notes:

The president of the U.S. Chamber of Commerce, in a speech in Detroit Thursday, tried to put a brave face on the tough year ahead. Thomas Donohue acknowledged that big business didn't get in the stimulus bill some of the tax-relief measures it most wanted, but promised the Chamber's support.

"The bottom line is that at the end of the day, we're going to support the legislation. Why? Because with the markets functioning so poorly, the government is the only game in town capable of jump-starting the economy," Donohue said.

Ayn Rand, call your office.


Or, better yet, why don't we send every member of congress a copy of Atlas Shrugged and ask them if they can spot anything familiar.

Not that they would read it. Apparently, employees of the government aren't obliged to read anything at all, least of all bills that they're voting on.

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Sunday, February 8, 2009

"The World Runs On Individuals Pursuing Their Separate Interests"

Compliments of The Surly Beaver, we have an outstanding and succinct defence of capitalism as the only appropriate economic distributive system known to man.



Choice moments:

"The great achievements of civilization have not come from government bureaus."

"If you want to know where the masses are worst off, it is exactly in the kinds of societies that depart from capitalism."

"The record of history is absolutely crystal clear that there is no alternative way so far discovered of improving the lot of ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprising citizen."

"Is it really true that political self-interest is nobler somehow than economic self-interest?

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Wednesday, February 4, 2009

In Response To Ezra Levant's Defence Of The Tory Budget

Although Ezra Levant warns that Harper's budget will do nothing to stimulate the Canadian economy, he suggests in an article in today's National Post that we ought to accept our Prime Minister's decision.

For one thing, Levant argues, our budgetary over-reaction to the recession was marginally less expensive than were the budgetary over-reactions of most other Western countries. Rather than complaining, then, we should count ourselves lucky that we don't live in the United States!

What's more, those GST cuts are still "pouring" $12-billion a year back into our pockets.

Gee. How generous of the Prime Minister to "pour" money that individual citizens earned back into their own pockets. Yes, the GST cut was a decent start but it was certainly not enough to earn our eternal gratitude. And it was absolutely not sufficient to keep me quiet about the budget's massive flaws.

But what of us crotchety hard-liners demanding a return to principle rather than the pragmatic dreck we were presented with?

"That grumbling is a good thing. With all three opposition parties and much of the media to the left of the government, conservative dissenters provide at least some counterweight to those demanding even more spending."
Leftist politicians and commentators couldn't care less what capitalists are bitching about. We're the enemy, remember? The evil and unfeeling children of Margaret Thatcher. What this budget represents is not an opportunity to throw some meat to the hungry Liberal lions to keep them at bay for a few more years. What it represents is a chink in Harper's commitment to the laissez-faire ideology. It represents a willingness to be whatever the opposition wants him to be in order to preserve his power.

Yes, a lot of conservatives are upset about this budget. As far as I'm concerned, the biggest problem is attitudinal: the Tory budget does not represent any real change of approach in terms of financial policy when compared to Liberal budgets of the recent past. The assumption still seems to be that the government has every right to seize our money, that we should thank our lucky stars for every little tax cut that our magnanimous rulers choose to bestow upon us. Mr. Levant's piece fits perfectly within this paradigm.

Until conservatives and Canadian citizens at large stand up and demand an adjustment to the state's basic disposition towards taxation and government spending, there will be no real change to the fundamentally welfarist structure of our social and political institutions.

Not until the massive debts that we have irresponsibly incurred catch up to us, anyway.

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Sunday, February 1, 2009

From Che To Change: The Commercialization of Barack (No Middle Name) Obama

History has a wonderful sense of humour. Case and point: the commercialization of the revolutionary mass murderer Che Guevarra.

Ever since a Time journalist snapped that photo of mass murderer and executioner Che Guevarra, his face has donned everything from t-shirts to coffee mugs to cigarette lighters. You can buy Che wristwatches, and you can buy Che hats. You can even buy Che Cola.

The lucrative Che industry is, however, seeing a significant challenge to their empire. U.S. president Barack Obama is beginning to look more and more like the world's leading face of kitsch. The latest addition? Orange "you glad for change" cola from the Jones soda company.(*)


Learning from Che's mistakes, Obama was quick to jump on the merchandising bandwagon right off the bat. In a very significant way, his ability and willingness to brand himself with empty slogans and popular musical numbers (take your pick of Will.i.am or Obama Girl) won him the highest office in the United States government.

So we've already seen the ridiculous "Hope" t-shirts on our television programs and university campuses. And, thanks to the Jones soda company, those brave hipsters who support President Obama can enjoy a delicious hope-n-changey beverage while they pat themselves on the back. But what lies ahead for the commercialization of the celebrity president?

I'm pulling for a video game:

Level 1 - defeat the ferocious Hillarybeast using only charm and demagoguery

Level 2 - sidestep the Reverend Wright controversy using ... well, you had better use charm and demagoguery again

Level 3 - obliterate the wily Maverick (suggested weapon: charm and demagoguery. Oh, and subtly remind everybody how old he is)

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Thursday, December 11, 2008

Chilling Question Of The Day: Is China More Capitalist Than The US?

AP:

While China improves its business climate by lowering the burden of state confiscation, the US plans to increase it, and in some cases by a significant amount. Meanwhile, the House last night voted 237-170 to sink $15 billion into the American auto industry, with government officially owning part of three private auto makers in order to dictate to management how to run their businesses. Management welcomed the move, and in fact wanted Congress to buy an even bigger stake in these companies.

[...]

When one looks to Beijing for rational tax policies … well, that’s just a sad day for Americans, even if it does portend a brighter future for China.


I recall a day when 'grace under fire' was considered a supreme virtue in business and inviting government into the management of your company an unthinkable ignominy. The American response to the current financial crisis, and particularly the clambering of the corporate community for government handouts, suggests just how far America has strayed from this vision of honourable conduct in business. Is China actually more capitalist than America? Of course not. But when the question can be asked without the intention of provoking laughter, something is rotten in the state of Denmark.

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Wednesday, November 5, 2008

Harper Free To Be Conservative Now That Obama Takes The Reigns

What will Canadian politics look like now that the "Bush card" is off the table?

Darcey:

Stephen Harper equals ObamaHitler, Steve Harper is acting just like his good friend Barack Obama, Stephen Harper is walking in lockstep with Barack Obama and so on.

The Canadian left are now going to have to start coming up with new ideas to mock the prime minister and fear-monger Canadians. If Barack Obama was president during our recent federal election the Conservatives would have won a majority simply because Bush Derangement Syndrome wouldn't have had any play


Now that we've shuffled the Bush card back to the bottom of the deck, will the media choose to put the Obama card into play or will they suddenly feel remorse for the harsh treatment they showed the last president and urge unity in a time of crisis and division?

The Wall Street Journal:

Our failure to stand by the one person who continued to stand by us has not gone unnoticed by our enemies. It has shown to the world how disloyal we can be when our president needed loyalty — a shameful display of arrogance and weakness that will haunt this nation long after Mr. Bush has left the White House.


Whatever the case may be, I'm thinking Harper is going to have a lot more room to maneuver when it comes to pursuing a right-wing economic and foreign policy agenda.

Just ask Norman Spector.

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The Reason Obamaism Won't Last

As long as people like this exist, America will remain true to its spirit.

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Mr. Obama,

Given the uproar about the simple question asked you by Joe the plumber, and the persecution that has been heaped on him because he dared to question you, I find myself motivated to say a few things to you myself. While Joe aspires to start a business someday, I already have started not one, but 4 businesses. But first, let me introduce myself. You can call me “Cory the well driller”. I am a 54 year old high school graduate. I didn’t go to college like you, I was too ready to go “conquer the world” when I finished high school. 25 years ago at age 29, I started my own water well drilling business at a time when the economy here in East Texas was in a tailspin from the crash of the early 80’s oil boom. I didn’t get any help from the government, nor did I look for any. I borrowed what I could from my sister, my uncle, and even the pawn shop and managed to scrape together a homemade drill rig and a few tools to do my first job. My businesses did not start as a result of privilege. They are the result of my personal drive, personal ambition, self discipline, self reliance, and a determination to treat my customers fairly. From the very start my business provided one other (than myself) East Texan a full time job. I couldn’t afford a backhoe the first few years (something every well drilling business had), so I and my helper had to dig the mud pits that are necessary for each and every job with hand shovels. I had to use my 10 year old, 1/2 ton pickup truck for my water tank truck (normally a job for at least a 2 ton truck).

A year and a half after I started the business, I scraped together a 20% down payment to get a modest bank loan and bought a (28 year) old, worn out, slightly bigger drilling rig to allow me to drill the deeper water wells in my area. I spent the next few years drilling wells with the rig while simultaneously rebuilding it between jobs. Through these years I never knew from one month to the next if I would have any work or be able to pay the bills. I got behind on my income taxes one year, and spent the next two years paying that back (with penalty and interest) while keeping up with ongoing taxes. I got behind on my water well supply bill 2 different years (way behind the second time… $80,000.00), and spent over a year paying it back (each time) while continuing to pay for ongoing supplies C.O.D.. Of course, the personal stress endured through these experiences and years is hard to measure. I do have a stent in my heart now to memorialize it all.

I spent the next 10 years developing the reputation for being the most competent and most honest water well driller in East Texas. 2 years along the way, I hired another full time employee for the drilling business so that we could provide full time water well pump service as well as the well drilling. Also, 3 years along the path, I bought a water well screen service machine from a friend, starting business # 2. 5 years later I made a business loan for $100,000.00 to build a new, higher production, computer controlled screen service machine. I had designed the machine myself, and it didn’t work out for 3 years so I had to make the loan payments without the benefit of any added income from the new machine. No government program was there to help me with the payments, or to help me sleep at night as I lay awake wondering how I would solve my machine problems or pay my bills. Finally, after 3 years, I got the screen machine working properly, and that provided another full time job for an East Texan in the screen service business.

2 years after that, I made another business loan, this time for $250,000.00, to buy another used drilling rig and all the support equipment needed to run another, larger, drill rig. This provided another 2 full time jobs for East Texans. Again, I spent a couple of years not knowing if I had made a smart move, or a move that would bankrupt me. For the third time in 13 years, I had placed everything I owned on the line, risking everything, in order to build a business.

A couple of years into this, I came up with a bright idea for a new kind of mud pump, a fundamentally necessary pump used on water well drill rigs. I spent my entire life savings to date (just $30,000.00), building a prototype of the pump and took it to the national water well convention to show it off. Customers immediately started coming out of the woodworks to buy the pumps, but there was a problem. I had depleted my assets making the prototype, and nobody would make me a business loan to start production of the new pumps. With several deposits for pump orders in hand, and nowhere to go, I finally started applying for as many credit card as I could find and took cash withdrawals on these cards to the tune of over $150,000.00 (including modest loans from my dear sister and brother), to get this 3rd business going.

Yes, once again, I had everything hanging over the line in an effort to start another business. I had never manufactured anything, and I had to design and bring into production a complex hydraulic machine from an untested prototype to a reliable production model (in six months). How many nights I lay awake wondering if I had just made the paramount mistake of my life I cannot tell you, but there were plenty. I managed to get the pumps into production, which immediately created another 2 full time jobs in East Texas. Some of the models in the first year suffered from quality issues due to the poor workmanship of one of my key suppliers, so I and an employee (another East Texan employed) had to drive across the country to repair customers’ pumps, practically from coast to coast. I stood behind the product, and made payments to all the credit cards that had financed me (and my brother and sister). I spent the next 5 years improving and refining the product, building a reputation for the pump and the company, working to get the pump into drill rig manufacturers’ product lines, and paying back credit cards. During all this time I continued to manage a growing water well business that was now operating 3 drill rig crews, and 2 well service crews. Also, the screen service business continued to grow. No government programs were there to help me, Mr. Obama, but that’s ok, I didn’t expect any, nor did I want any. I was too busy fighting to make success happen to sit around waiting for the government to help me.

Now, after manufacturing the mud pumps for 7 years, my combined businesses employ 32 full time employees, and distribute $5,000,000.00 annually through the local economy. Now, just 4 months ago I borrowed $1,254,000.00, purchasing computer controlled machining equipment to start my 4th business, a production machine shop. The machine shop will serve the mud pump company so that we can better manufacture our pumps that are being shipped worldwide. Of course, the machine shop will also do work for outside companies as well. This has already produced 2 more full time jobs, and 2 more should develop out of it in the next few months. This should work out, but if it doesn’t it will be because you, and the other professional politicians like yourself, will have destroyed our countrys’ (and the world) economy with your meddling with mortgage loan programs through your liberal manipulation and intimidation of loaning institutions to make sure that unqualified borrowers could get mortgages. You see, at the very time when I couldn’t get a business loan to get my mud pumps into production, you were working with Acorn and the Community Reinvestment Act programs to make sure that unqualified borrowers could buy homes with no down payment, and even no credit or worse yet, bad credit. Even the infamous, liberal, Ninja loans (No Income, No Job or Assets). While these unqualified borrowers were enjoying unrealistically low interest rates, I was paying 22% to 24% interest on the credit cards that I had used to provide me the funds for the mud pump business that has created jobs for more East Texans. It’s funny, because after 25 years of turning almost every dime of extra money back into my businesses to grow them, it has been only in the last two years that I have finally made enough money to be able to put a little away for retirement, and now the value of that has dropped 40% because of the policies you and your ilk have perpetrated on our country.

You see, Mr. Obama, I’m the guy you intend to raise taxes on. I’m the guy who has spent 25 years toiling and sweating, fretting and fighting, stressing and risking, to build a business and get ahead. I’m the guy who has been on the very edge of bankruptcy more than a dozen times over the last 25 years, and all the while creating more and more jobs for East Texans who didn’t want to take a risk, and would not demand from themselves what I have demanded from myself. I’m the guy you characterize as “the Americans who can afford it the most” that you believe should be taxed more to provide income redistribution “to spread the wealth” to those who have never toiled, sweated, fretted, fought, stressed, or risked anything. You want to characterize me as someone who has enjoyed a life of privilege and who needs to pay a higher percentage of my income than those who have bought into your entitlement culture. I resent you, Mr. Obama, as I resent all who want to use class warfare as a tool to advance their political career. What’s worse, each year more Americans buy into your liberal entitlement culture, and turn to the government for their hope of a better life instead of themselves. Liberals are succeeding through more than 40 years of collaborative effort between the predominant liberal media, and liberal indoctrination programs in the public school systems across our land.

What is so terribly sad about this is this. America was made great by people who embraced the one-time American culture of self reliance, self motivation, self determination, self discipline, personal betterment, hard work, risk taking. A culture built around the concept that success was in reach on every able bodied American who would strive for it. Each year that less Americans embrace that culture, we all descend together. We descend down the socialist path that has brought country after country ultimately to bitter and unremarkable states. If you and your liberal comrades in the media and school systems would spend half as much effort cultivating a culture of can-do across America as you do cultivating your entitlement culture, we could see Americans at large embracing the conviction that they can elevate themselves through personal betterment, personal achievement, and self reliance. You see, when people embrace such ideals, they act on them. When people act on such ideals, they succeed. All of America could find herself elevating instead of deteriorating. But that would eliminate the need for liberal politicians, wouldn’t it, Mr. Obama? The country would not need you if the country was convinced that problem solving was best left with individuals instead of the government. You and all your liberal comrades have got a vested interested in creating a dependent class in our country. It is the very business of liberals to create an ever expanding dependence on government. What’s remarkable is that you, who have never produced a job in your life, are going to tax me to take more of my money and give it to people who wouldn’t need my money if they would get off their entitlement mentality asses and apply themselves at work, demand more from themselves, and quit looking to liberal politicians to raise their station in life.

You see, I know because I’ve had them work for me before. Hundreds of them over these 25 years. People who simply will not show up to work on time. People who just will not work 5 days in a week, much less, 6 days. People always looking for a way to put less effort out. People who actually tell me that they would do more if I just would first pay them more. People who take off work to sit in government offices to apply to get free government handouts (gee, I wonder how things would have turned out for them if they had spent that time earning money and pleasing their employer?). You see, all of this comes from your entitlement mentality culture.

Oh, I know you will say I am uncompassionate. Sorry, Mr. Obama, wrong again. You see, I’ve seen what the average percentage of your income has been given to charities over the years of 2000 to 2004 (ignoring the years you started running for office - can you pronounce “politically motivated”), you averaged of less than 1% annually. And your running mate, Joe Biden, averaged less than ¼% of his annual income in charitable contributions over the last 10 years. Like so many liberals, the two of you want to give to the needy, just as long as it is someone else’s money you are giving to them. I won’t say what I have given to charities over the last 25 years, but the percentage is several times more than you or Joe Biden… combined (don’t you just hate google?). Tell me again how you feel my pain.

In short, Mr. Obama, your political philosophies represent everything that is wrong with our country. You represent the culture of government dependence instead of self reliance; Entitlement mentality instead of personal achievement; Penalization of the successful to reward the unmotivated; Political correctness instead of open mindedness and open debate. If you are successful, you may preside over the final transformation of America from being the greatest and most self-reliant culture on earth, to just another country of whiners and wimps, who sit around looking to the government to solve their problems. Like all of western Europe. All countries on the decline. All countries that, because of liberal socialistic mentalities, have a little less to offer mankind every year.

God help us…

Cory Miller
just a ordinary, extraordinary American, the way most Americans used to be.

P.S. Yes, Mr. Obama, I am a real American… meet me at: www.cmillerdrilling.com ; and: www.centerlinemanufacturing.com

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Linked at Fairly Conservative

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Message To The GOP: No More McCain, No More Huck, A Lot More Reagan Please

John McCain is a war hero. Unfortunately, that about exhausts the characteristics that I can identify in his personality which made him a "great" pick for the party's leadership. If we're being honest, he was a profoundly mediocre candidate. He made a strategically interesting veep choice (and, for the record, I highly doubt a different choice would have produced a significantly different result) but his campaign was otherwise strategically ineffective. He focused on branding himself as The Maverick rather than exploiting the ample opportunity that the economic crisis presented him with from a policy standpoint. Most importantly, he failed to court the Americans that can be counted on to win you elections: the capitalists.

The Reagan Coalition is not dead; it's just dormant. There have been some important changes to the demographics - particularly the electoral play that social conservatism on the issues of abortion and gay marriage get - but not very many. A successful Republican Party will court the voters that have been active since Barry Goldwater's glorious (albeit ill-fated) campaign in 1964. The consequences of failing to do so are clear in last night's results.

I'm skeptical, however, about the chances of the GOP succeeding in saving their party in the short term. The McCains of the party (and, according to an unfortunate interview I saw yesterday, the Pawlentys) would tack to the center on economics and foreign policy and take the pragmatist approach. On the other hand, the Huckabees of the party would drag them further along the path towards an entirely religion-dominated platform. Neither of these models reflect the Reagan Coalition as it survives today. If the Republican Party wants to rebuild itself, if it truly has an interest in winning elections again, then it will drop the evangelical 'tude, tone it back on the social issues, and remember that Republicans used to be Capitalists, and that most Americans still are.

Four years of President Obama ought to be enough to remind the United States of the consequences of allowing the culture of entitlement to have free reign. While the moochers suckle on the teat of an expanding government, entrepreneurs and businessmen and women will fail because Obama is so eager to "spread the wealth".

This election was a wake-up call for the Republicans. Free markets, free people. This is what America wants. Why not give it back to them?

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Monday, June 16, 2008

McCain vs. Obama: Either Way, Capitalism Loses

"[O]ur individual salvation depends on our collective salvation. [Don't] take your diploma, walk off this stage, and chase only after the big house and the nice suits and all the other things that our money culture says you should buy."
-- Barack Obama, 2008

"I led . . . out of patriotism, not for profit."
-- John McCain, 2008


We've come an awfully long way since the 1980s, haven't we? Do you think back fondly of the days when the influence of Thatcherism was producing massive privatization in Britain while Reagan valiantly battled the steady encroachment of socialism in the United States? Even a casual Capitalist can't help but read about Britain's 2008 decision to nationalize the private bank Northern Rock and blink in bewilderment. What happened?

Well, for starters, even in the 1980s Capitalism was no more than an uncomfortable ally for conservatives. Although Reagan and Thatcher were for the most part genuinely committed to economic freedom, the vast majority of their supporters were very definitely not. In both Britain and America, the political right defended Capitalism with one hand as the only legitimate economic system for a free and democratic society while, with the other hand, condemning the profit motive as selfish. These conservatives demanded, as they continue to demand today, that we sacrifice our rational self-interest for the higher good of altruism. With friends like these, Capitalism didn't need any enemies.

And it doesn't seem to have any philosophical enemies left anyway. Have you noticed that the Democrats have abandoned all efforts towards a substantive criticism of free enterprise? Why would they bother engaging in a debate about ethics and economics when there are so few real Capitalists left to oppose them? Instead, pseudo-socialistic organizations like the Obama campaign interest themselves with the "social consequences" of Capitalism as they investigate the "fundamental human aspect" of their economic system, thus deftly side-stepping any awkward questions regarding the economic reality of their country. Even Hillary Clinton would have the good sense to blush at this obvious evasion of a real discussion of the issue.

The upcoming American election is as true an example of a Sophie's Choice as I've ever witnessed. Barack Obama turns up his nose at big business to the cheers of Democrats everywhere while repudiating Americans for playing into the "money culture" that has made them the wealthiest country in the world. John McCain sneers at Mitt Romney and big business for daring to pursue the profit motive while claiming that his own motives are pure since they aren't tarnished by self-interest.

And so the question of who will win in November becomes economically irrelevant. True, if Obama wins he will roll back the Bush tax cuts, install a universal health care scheme, and impose unsustainable environmental restrictions on big business the likes of which the US economy has never seen before. A victory for McCain, however, would amount to the same thing in the long run. The Republican nominee has been committed to the anthropogenic global warming movement for years now and his voting record should be enough to convince any businessperson of his lukewarm commitment to a free economy.

As a John McCain presidency would swiftly demonstrate, there is no surer way to undermine an idea than to argue for it poorly. As the leader of the so-called "Party of Capitalism," McCain would destroy Capitalism in America just as thoroughly as would his Democratic opponent.

It all adds up to a demoralizingly clear conclusion: McCain? Obama? Who cares? Either way, Capitalism loses.

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