Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

February 14, 2010

Black History Month Part 4: The Conservatives!

Black History month likes to promote a very tunnel visioned view of black people. They celebrate the struggles of Dr. King, Rosa Parks, the Little Rock Nine, etc. and generally anyone who escribes to liberal thought (i.e. Maya Angelou, Jesse Jackson, Al Sharpton, etc.). However, if Black History month is to be fair, let's consider a few in society that are definately worth mentioning.

Our journey begins with the Dean of Economics at George Mason University. Since 1990, Walter E. Williams has been a professor of economics at the university. Williams' takes a firm stand on Free Market Capitalism as well as showing the positivies of the so-called US Trade Deficit. Williams makes regular stand-in appearances on the Rush Limbaugh radio show. Walter Williams is a Conservative.
http://www.gmu.edu/depts/economics/wew/

One of Williams good friends is Thomas Sowell. Thomas is a Senior Fellow at the Hoover institute and also heavily involved in Economics. In fact, he has written a book Basic Economics that has become a standard text on the subject. Sowell is a Conservative.

Going away from the University, our next stop is the US Capitol. This is where we will find Supreme Court Justic Clarence Thomas. Thomas succeeded Thurgood Marshall as the second black jurist on the Supreme Court. Thomas prides himself as being a judge that puts the Constitution before him. Thomas is a Conservative.

Remaining in D. C. gives us the rememberance of the former Secretary of State, Condoleeza Rice. She has since returned to Standford University as a Political Science professor. She also is a Senior Fellow on Public Policy at the Hoover Institute. A very interesting tidbit of information came to light at the 2000 Republican Naitonal Convention when she said, "My father joined our party because the Democrats in Jim Crow Alabama of 1952 would not register him to vote. The Republicans did." Condoleeza Rice is a Conservative.
As Chairwoman of the National Black Republican Association, Frances Rice champions the Republican Party platform and desires to see it fulfilled in the lives and homes of the "black community." Frances Rice is a Conservative.
Here is a list of others that you can research on your own.
1. Star Parker
2. Angela McGlowan
3. Alfonso Rachel
4. Joseph C. Phillips
5. Ken Blackwell
6. Homer Plessy
These are just a few of many black conservatives in the country. Black History month just wouldn't be the same without these mentions.

January 7, 2010

Economic Stimulus Wrapped in Crime


http://www.cnn.com/2010/POLITICS/01/07/immigration.economy/index.html

According to CNN.com, a study finds that if we just legalize all illegal immigrants, it will boost the economy. Of course, if we let all of the criminals out of prison, that will help with our prison over-crowding issues too. However, the real problem is being avoided in favor of a very short-term political cure. This has its roots in the idea that there are too many illegals now to round up and ship back so we should just legalize them. Now, to put the pressure on, it is being suggested that by legalizing these sovereignty-ignoring folks we can have a positive impact on our economy. Notice cutting taxes doesn't even cross their minds. Let's examine the so-called results that this study is putting forth.

With the legalization of 11 million illegals, the study is suggesting that wages would increase. First of all, it is illegal for companies to higher illegals, so there shouldn't be any wage info to even make that claim from. Secondly, people will work for what it takes to take care of themselves and their families. Just making someone legal doesn't automatically increase their wage. Now, let's assume that all 11 million illegals are currently not working and that making them legal would put them into the job market. With the roaring Obama economy flailing about like a fish out of water, a sudden influx of 11 million (assuming these 11 million are all of age to work) would have what effect? Right now, the demand for jobs is high and the supply is low. So, a flood of 11 million would increase demand rapidly. What happens when demand outweighs supply? The price of the good, in this case the salary, goes up. So, this is the answer they are hoping for. But, here's the problem. Jobs and the ability to pay a salary depends on the company's needs and financial strength. If there is no money for new employees, it doesn't matter how much the demand increases, no one is getting a job! Secondly, there is an influx of teenagers each year into the work force – does that mean McDonald's is now hiring cashiers at $20/hour?! No. Again, it still rests in the hands of the companies.

The second proposition is that by legalizing these illegals it would cause an increase in consumption. I guess this is based on the first theory that there would be higher wages, therefore, more money circulating in the economy. The majority of the illegals that work in this country are working for a family...and that family is often quite large. Therefore, the consumption that is taking place is already relative to the amount of illegals in the country. Secondly, with many of them already enjoying Government handouts at our tax dollar's expense, what would be the incentive to move away from that? Heck, once they are legal, there is so much they could get from the Government. Therefore, the majority of any increase in consumption would be subsidized by our tax dollars.

The last idea they propagate is that this will create many new jobs and increase tax revenue. Now, before I'm accused of believing that illegals are only valuable for a certain line of work, forget it! I do not hold to that position. However, based on where you find them working, it is reasonable to assume that they will not fall into a taxable bracket anyway – so, no increased tax revenue. Secondly, job creation is again at the mercy of the company. Just because there are people available for work doesn't mean there are jobs available to put them in.

This whole idea, again, is not about boosting our economy. (Tax cuts and decreased corporate regulations would do that). This is about pardoning criminals on a grand scale – probably just to secure more votes. This also smacks the faces of all those who went through our citizenship process legally. There is only one thing to do with illegals – send them back and tell their Government that we will take action to defend our boarders and if you want your citizens to remain happy, then encourage them to come here the legal way. (Not hand out maps of secret routes across the boarder as President Fox did in Mexico). At any rate, expect Obama to jump all over this one.

November 9, 2008

Capitalism Works

In light of the Thanksgiving holiday, I want you to think about this story. During the reign of King James I, those who did not recognize his total ecclesiastical authority were hunted down and often killed. A group of these separatists fled to Holland and eventually for America. The Pilgrims landed at Plymouth Rock in 1621. Deciding on a socio-economical system, the Pilgrims set up a common wealth system. Each Pilgrim was given the same amount of land and they were to take equal shares of food from the social food stock. Everyone had their common share. That year, the Pilgrims suffered through hunger and economic disaster. The next year William Bradford, the community’s mayor, had had enough of the common wealth idea and set up the good old free market. The Pilgrims were allowed to obtain the amount of land they wished, and keep or sell what it produced. Bradford said in his journal that it “made all hands industrious.” The colony flourished. Believe it or not, supply-side economics existed before the 1980s. What took the Pilgrims a year to learn has yet to be learned by countries hundreds of years old. What did the Pilgrims learn? They learned that Socialism destroys morale and the economy.

Advocates of Socialism try to persuade people using terms like “equality” and “fair” and "spread the wealth." They believe that since we are all equal, there is no reason why some should be more fortunate than others are. They believe that wealth should be distributed evenly. To achieve their wealth distribution goals, citizens are willing to allow the near total-control of the Government over themselves; as we see in France, Germany, and Sweden, etc. Therefore, because of this belief, freedoms are stolen from the citizens.

The only real defendable position on equality is that we are all equal under the law, the Constitution. We are not created equal in ability or talent. That’s why we are all not a Beethoven or large success stories, like Rush Limbaugh. Socialism never permits us to achieve our potential. And as for fairness, even the Bible doesn’t teach fairness. Christ, the Just, died for us, the unjust. However, what fair is is giving citizens the opportunity to apply themselves and then succeed to the limit of their ability. Is this not what we do at school? Those that are studious received good grades; and those that take refuge in poor study habits receive bad grades. People do not create fairness. Fairness exists by its own merits. Therefore, based on our actions, we are rewarded or chastised—my friends, that’s fair.

Once someone applies themselves, wealth, in most cases, will be directly proportional. Why should someone working beyond what is required be forced to subsidize those that slack off or those who have chosen a lower paying vocation? The proper distribution of wealth should be performance based. Socialists are afraid of risk, but they don’t hesitate to demand a share of the earnings, confiscated through taxes, from the risk takers. People who fall victim to the snares of Socialism usually remain enslaved by Socialism’s empty platitudes. Only those who strive to be more like the Pilgrims actually fight back and escape. If the Pilgrims had stayed with socialism, they would have likely died out. Be forewarned, if we would ever sell-out to Socialism, we would enter our second Great Depression.