Archive for the 'Economics' Category

My Parents Were Right

Allen December 21st, 2009

Anytime you are doing something past midnight,  you’ll probably regret it later.

A Triumph and a Tragedy

Allen January 29th, 2009

Last year was an interesting year in politics. The Republicans nominated a Democrat and the Democrats nominated a Socialist. I’m not quite sure who the Socialists nominated, but one can only imagine.

I can certainly understand those in the society who see President Obama’s election as a triumph of progress and a turn towards “the greater good.”

I certainly hope that President Obama has a successful presidency. The problem is that I think in order to have a successful presidency, he will have to repudiate many of his campain promises and the left-leaning politics of his consituents. I advise those who support him to read both “Basic Economics” by Thomas Sowell and “The Road to Serfdom” by Friedrich Hayek. I’ll wait….

So I think President Obama’s election was a triumph for some, I fear that his economic policies will lead to an entirely different place. And, unfortunately, some in our society will blame his race for this failure. And therein lies the tragedy.

We Just Lighting Up Their Lucky

Allen October 2nd, 2008

BatesLine has a great extended quote from probably one of the best Senators in Congress today, Tom Coburn:

As a practicing physician, I compare where we are today to a physician who commits malpractice. We have a patient with cancer. They have a secondary pneumonia because of the cancer. We are going to treat the pneumonia. We are going to give the antibiotics, we are going to give something to lower the temperature, we are going to give something to suppress the cough, we are going to give something to thin the mucous, but we are not going to fix the cancer. We are going to ignore the cancer.

Let me tell you what the cancer is. The cancer is Congresses that, for years upon years, have totally ignored the Constitution of the United States and taken us to areas where we have no business being. There is no way you can justify, in the U.S. Constitution, that the country ought to be the source of mortgages for homeowners in this country. Yet Fannie Mae and Freddie Mac control 70 percent of the mortgages in this country.

I plan on voting for this bill. I support that we have to do something now. But how we got here is very important if we are going to fix things in the future….

If anybody in America is mad about this situation, there is only one place they need to direct their anger and it is right in the Congress of the United States.

I’m slightly in favor of the bail-out. However, I could also see this becoming a political boondoggle that will haunt our nation for a long, long time. That ’sense of needing to do something’ can quickly lead to poor legislation. Witness the ‘Smoot-Hawley Tarriff Act’, socialized medicine schemes and other intrusions of government into areas where it doesn’t belong.

Perhaps we are giving the nation something to ‘thin the mucous’.

Or perhaps…