Tag Archives: Liberals

Of Liberals And Conservatives: Rush and Maher

Rush stepped in it.

I know he’s an entertainer.  I know he’s just a commentator looking for ratings.  I know he likes to lambaste.

But there’s a line; he crossed it.

What I find interesting isn’t that Rush crossed that line or the hot water he’s now in, that’s predictable and this’ll pass.  What I find interesting is the standard that liberals have of themselves.

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Capitalism

I’ve reflected on the discovery of free markets o the part of Broadway and the airlines.  I can’t help but feel that the attitude of the Liberal is to rejoice that the Arts will enjoy increased revenues to further their artistic causes while the same activity by the airlines will be reviled as further evidence of corporate greed.

Ugh.

Cause and Effect

Economics 101 people, econ 101:

Bank of America, the nation’s biggest bank, said on Thursday that it planned to start charging customers a $5 monthly fee when they used their debit cards for purchases. It was just one of several new charges expected to hit consumers as new regulations crimp banks’ profits.

Wells Fargo and Chase are testing $3 monthly debit card fees. Regions Financial, based in Birmingham, Ala., plans to start charging a $4 fee next month, while SunTrust, another regional powerhouse, is charging a $5 fee.

And why are banks now looking to charge their customers who use their cards to access their money?

The round of new charges stems from a rule, which takes effect on Saturday, that limits the fees that banks can levy on merchants every time a consumer uses a debit card to make a purchase. The rule, known as the Durbin amendment, after its sponsor Senator Richard J. Durbin, is a crucial part of the Dodd-Frank financial overhaul law.

This shouldn’t surprise anyone except Liberals:

The More Liberal You Are – The Less You Know About Economics

If Obama simply announced he wasn’t running for President in 2012, the market would go up by 1000 points.  I guarantee it.

A Kinder Gentler Tone

The irony is just too much.

It seems not so long ago that a mad-man did the unspeakable.  He took a gun and fired it.  Lots of times.  People died and a nation changed, and a dialogue on dialogue began.

And it got kinda personal.

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Unintended Consequences

It turns out that this global economy has implications. Namely that money is movable and flexible. The other implication is that government is seen as damage and as much as possible people will avoid it; even uber-liberal ones like George Soros.

“It emerged that George Soros is to close his hedge fund to outside investors and will refund $1 billion to those who have put in money. The prominent financier blames new regulations that require investment advisors to register with the SEC.”

Nice.

Home Values: Government Regulation Doesn’t Work

Government has no place in the market.  In so much that the government needs to spend money on things that constitute the proper role of government, there is nothing that the State does that is expressly efficient.

The State is unable to address the needs and/or wants of the populace well enough to signal an efficient use of scare resources; resources that have alternative uses.  The government can, by force of gun or sword, dictate where money is spent, to be sure.  But that government has neither the ability or will to intuit that “will of the people who is the mark of a dynamic market.

What does this mean?

It means the government is incapable of spending your money better than you are.

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More On “Soak the Rich”

So, last night I presented data that demonstrated you would have to lift every single dime in income from those making $200,000 or more to cover the deficit.  Not pay the bill for the year, just pay the deficit.

What if we just go after those making $500,000 or more a year?  The really rich?

Start with a $1.5 trillion deficit.  Back out the taxes paid by those making over $500k.  You now have $1.85 trillion to cover.

How much do the folks who bring in $500,000 or more make as a group?  They make $1,270,000,000.  That’s it.

If you call being rich as making more than $500,000 a year rich, then you have to take all of it.  Everything they make.  ALL.  And you still are short $600,000,000,000.

You can not tax your way out of this.

Wherein The Economist Brings The Dynamite

I read the Economist because it annoys me.

Don’t get me wrong.  I love LOVE the cover art and the graphs are way cool; geeky cool.

But, they are Liberal Leftists from Europe and it just bugs me enough to net out annoyed.

Which only means I love it when they bring the whup-ass.

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Trying to Explain Obamacare to Liberals

This is how I feel all the time!