Tag Archives: Economy

Why We Need Less Government

“The nine most terrifying words in the English language are: I’m from the government and I’m here to help.”  ~Ronald Reagan

By Alden L. Benton

The freedom to create and innovate is the foundation of a thriving and free economy.  Basic rules to ensure public health and safety are also fundamental.  However, when rules interfere with the functioning of the economy, and worse, when they intrude on how individuals and families live their lives, it is time to say no.

In the last 50 years, the so-called administrative state has grown into an unruly, unaccountable behemoth that is sucking the life out of our country, even attacking the political institutions that spawned it.

While the current uproar in the media is about dark state “leaks” attempting to bring down a duly elected president, for many the rules spewed out almost daily reach out to interfere with the daily life of the average citizen.  Worse, they can also interfere with people and organizations that attempt to solve vexing social issues for which a leviathan government and its administrative state have no clue and no solution.

On May 19, the Daily Signal released a video showing how the administrative state forced a non-profit group in Vista, California, to choose between their drug-free policies and federal funding.

This group, Solutions for Change, proves that private, local groups are effective in solving problems that big government cannot, and at a far lower cost.  Moreover, yes, they are now doing it without taxpayer money.

I have included the video below.  Please watch it and become a vocal advocate of this group and others like them, who suffer under the heel of the boot of the administrative state.

 

 

“When you can’t make them see the light, make them feel the heat.”
~Ronald Reagan


©2017 Alden L. Benton / Independence Creek Enterprises
All Rights Reserved
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Jobless Numbers Don’t Tell Whole Story

“The truth is incontrovertible.  Malice may attack it, ignorance may deride it, but in the end, there it is.”  ~ Winston Churchill

By Alden L. Benton

President Obama is laying claim to the latest unemployment figures as proof that his economic policies are working.  Indeed, if you look at the numbers reported by the Bureau of Labor Statistics, one could come to that conclusion.  After all, national unemployment numbers are now at 8.1 per cent down from a high of around 10 per cent in 2009.

These numbers don’t tell the whole story and using them as the sole basis for determining economic health and the efficacy of the president’s policies is flawed and superficial reasoning.

A Fox News report asks whether the decline in unemployment is the result of thousands of Americans going back to work or the result of a shrinking workforce.

“If the percentage of adult Americans in the labor force — that being the total number of people who are employed or looking for work — were the same as it was during the end of the Bush administration, the April jobless rate would be at 11.1 percent….  Reach all the way back to the employment picture for when Bush took office, and the rate would be more like 13.1 percent,” according to the report.

The “…statistic known as the ‘labor force participation rate’ is key.  That’s the percentage of the adult population that is employed or looking for work — in other words, the labor force.  The lower the number, the worse the employment situation,” the Fox News story explains.

The labor force is shrinking and has been for the last 10 years.  According to the Fox News report, the Labor Force Participation Rate (LFPR) was 67.3 per cent when President George W. Bush took office in 2001.  When Obama took office in 2009, the LFPR had declined to 65.5 per cent. 

However, the LFPR numbers have declined sharply during Obama’s presidency, dropping to 58.4 per cent, according to figures released last month by the Bureau of Labor Statistics. 

The president cannot explain that away or dismiss this free-fall as the fault of President Bush. The sharp decline is the sole responsibility of President Obama’s economic policy and strategies.

“The reason you’re seeing the unemployment rate go down is because you have more people dropping out of the workforce than you have getting jobs,” GOP presidential candidate Mitt Romney said Friday on Fox News, after the April numbers were released.

In a Town Hall Finance article, John Ransom says the president has more than jobless numbers to worry about. 

Ransom says,

“While economists agonize about unemployment, jobs created, money supply, stimulus, and the budget deficit, they often ignore one number that will in all likelihood matter most to voters in November.” 

Those numbers are consumer confidence numbers and have, according to Ransom, been slipping.  According to the Bloomberg Comfort Index (BCI), the number of people who rated their personal finances negatively increased from 47 per cent three weeks ago to 56 per cent.  The BCI now stands at -40.6, according to Ransom’s article.

Bloomberg says that the “measures for registered Democrats and independents have dropped the most over the past two weeks after both reached the highest levels in more than four years.”

Translation: After buying from the White House more of the same Hopey-slash-Changey rhetoric that “the recovery has finally started,” even supporters are recognizing that on economics, this White House hasn’t a clue.

Obama and his cadre of crooks, cronies, and communists have taken a vibrant economy suffering a cyclical slump and turned it into an ailing, failing behemoth mired in debt and excess regulation.  The worst is yet to come unless we change direction. 

The “smart guys” in the Obama administration have no clue.  If the U.S. economy fails, the entire globe will descend into an extended depression.

It’s time to clean house at the White House. 


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© 2012 Alden L. Benton/Independence Creek Enterprises
All Rights Reserved

Short Notes on Current Events

By Alden L. Benton

A Picture is Worth a Thousand Words

 
Photo from Patriot Post (patriotpost.us)

Social Justice for Whom?

CNS News reports that Representative Charles Rangel (D-NY) says the government “has a moral obligation to avoid budget cuts.”  Hiding his secular-statist philosophy by quoting Bible scripture in the company of clergy from various faiths, Rangel tipped his true world view when he called for “social justice.” 

Social justice is the warm and fuzzy code word the Left uses to repackage the core principle of Marxism: From each according to his ability; to each according to his needs.  In other words, social justice requires the redistribution of resources from the productive to the non-productive members of society. 

In the tired, divisive, tactics of the Left, Rangel is his cohorts wailed about how they will never let those evil Republicans abandon the poor. 

Putting our national fiscal house in order is NOT the equivalent of abandoning the poor.  In fact, not slashing spending is the moral equivalent of abandoning America, especially the poor. 

Thomas Jefferson once said, “The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.” 

No matter how they try to disguise it, this is what they really want.  It is time we re-discover the wisdom in Jefferson’s words and tell Representative 

Mitt’s Clueless Pandering to Muslims

A Newsmax.com  article reports that Mitt Romney told an Iowa campaign event that the Muslims he knows are “peace-loving and America-loving individuals.”  

I don’t know how many Muslims he claims to know, but this whole “religion of peace” mantra is dangerous.  It appears Romney will say what any group wants to hear on any given day just so he can secure their vote. 

If Muslims are so peace loving, why do they continue to plot terror against the United States and Israel?  Why is the Council of American Islamic Relations (CAIR) an unindicted co-conspirator in terrorist activities?  Why do Muslims murder their brethren in places like Afghanistan? 


Terror in Afghanistan by Massoud Hossaini—AFP-Getty Images via MSNBC

Whether Romney is pandering to American Muslims or simply deluded about the danger Islam poses to the United States and American society, Mitt Romney IS NOT the man I want at the helm of the ship of state.

Iran, Cuba, and Venezuela Plots Against U.S. Revealed

Newsmax.com reports that the Spanish language network Univision aired a documentary last week that shows Iran and Venezuela planning attacks on the United States.

La Amenaza Irani (The Iranian Threat), which ran last Thursday night, shows the Iranian ambassaor to Mexico and a Venezuelan diplomat who is reportedly still in the United States planning cyber attacks and other types of attacks.  Moreover, the evidence presented directly links Venezuelan president Hugo Chavez to the plans.

The attacks were to be directed against sensitive U.S. national security facilities, along with nuclear power plants and New York’s Kennedy Airport.

The documentary also features video footage taken by extremists linked to Iran, and an interview with an undercover journalist who infiltrated clandestine military training camps in Venezuela.

La Amenaza Irani was narrated by award-winning Univision News co-anchor Maria Elena Salinas.” ~According to a Newsmax email alert dated December 11, 2011.

Iran is a world-wide menace.  They threaten the not only the continued existence of Israel, but the stability of all of southwest Asia.  They provide safe harbor for Taliban fighters; they provide money and logistics support, through their proxy Syria, to insurgents in Iraq.  Iran was implicated in a recent plot to kill both the Israeli and Saudi Arabian ambassadors in the United States. 

While the president campaigns, the economy continues to collapse and our enemies openly plot against us.  The president needs to spend less time vacationing and playing golf and actually try to lead. 

Perhaps if President Obama actually read the daily security briefings, we would not be hearing about Iranian and Venezuelan plots from Univision.

Here are links to the Univision documentary on You Tube.  I have not yet found an English version of this piece.
La Amenaza Irani Part 1 from You Tube in Spanish
La Amenaza Irani Part 2 from You Tube in Spanish
La Amenaza Irani Part 3 from You Tube in Spanish
La Amenaza Irani Part 4 from You Tube in Spanish

Anything to Make a Buck

So who needs privacy, anyway? According to Charles Oliver at Reason.com, in Florida only cops and judges are entitled to privacy. 

Oliver writes that the Florida Department of Highway Safety and Motor Vehicles made $63 million last year selling driver’s license information to private companies.  “The data include names, addresses, dates of birth, and a list of vehicles registered to each person.  Only law enforcement officials and judges can prevent their information from being sold,” according to Oliver.

Newtonian Physics

 

 Political cartoon copyright by Bob Gorrell via Town Hall (townhall.com)
                                                                                                         

Original blog content ©2011 Alden L Benton/Independence Creek Enterprises
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Democrats Stuck on Stupid

By Alden L. Benton

According to a Reuters article (Democrats Push Tax Hikes First in Deficit Talks), the Democrats on the Congressional “super committee” who are “negotiating” deficit reduction details are demanding tax hikes first.

The Democrats are stuck on stupid. 

The reason we have a deficit and an ever-increasing national debt is simple: the government spends more than it takes.  The obvious solution is to spend less.  However, the Democrats want to fiddle while the country burns.

The foundation of Democratic Party thought is socialism. 

In a more American terminology, the Democratic Party’s creed is based on an ever-expanding, and increasingly powerful, government which derives its power not from the consent of the governed, but through continual class and racial warfare.  This power is supported by a confiscatory tax scheme that punishes success and rewards subservient dependency.  The result is loss of liberty and an unsustainable welfare state.

According to  usgovernmentrevenue.com, since 1950, income tax revenues have averaged 12.16 per cent of gross domestic product (GDP) and federal deficits have averaged 2.25 per cent of GDP.  There have been 10 budget surpluses since 1950, including four years in a row from 1998 to 2001.

The point here is that in my lifetime, the government has spent more that it took 84 per cent of the time. 

Revenue is not the problem.  Spending is the problem. 

We cannot, as Vice President Biden infamously suggested, spend our way out of recession.  This should be painfully clear as the near trillion dollar stimulus of 2009 failed to do anything but extend the reach of government into our daily lives and push us closer to the precipice of insolvency. 

Yet, the Democrats continue to do the same things over, and over again, expecting different results. 

This is the definition of insanity.

The Democratic Party and the president cannot rewrite the laws of economics.  History shows that where economies are the most free, all of society benefits and government revenue actually increases.  Conversely, when economies are restrained, everyone suffers and, even with tax hikes, government revenue decreases.

This is not the time to increase taxes.  Our economy is struggling under high taxes, fiscal uncertainty, and excessive regulation.

Instead of talking about increasing taxes, the Democrats on the super committee should concentrate on reducing spending, freeing the economy, and, yes, reducing taxes. 

We will all benefit, including the 47 per cent of citizens who do not pay taxes.  Perhaps it is time that they pay their fair share as well.


©2011 Alden L. Benton/Independence Creek Enterprises