Category Archives: National

Economics 101 – The Mess We’re In

Politicians have modified capitalism to suit their largest contributing supporters, thereby enhancing their future elections. This is often referred to as Crony Capitalism 1.

Here are some basics which people are either ill-informed, or refuse to understand because their beliefs override facts.

  • Poor people don’t employ other poor people.
  • People that possess money, or obtain credit, leverage their ideas and talent at great risk, often employ other people.
  • This can enhance the wealth of those business leaders who combine & leverage the labor and skills of others in creative ways.
  • Creditors and investors provide capital to the business, and benefit by the financial gain of the company.
  • Those whose primary object is to decide what’s fair in compensation, for the labor and skill of employees, do so by taking more from those who create and sustain that employment.
  • Eventually, the balance is tilted under government control, such that they and their closest friends & allies, receive the greatest benefits through confiscating the profits from the investors and the company.
  • They (politicians) redistribute profits to appease the employees, and describe that as fair. Creditors & investors withdraw their support.
  • Those who have placed themselves at the greatest risk and have used their imagination to begin or enhance the business, now find their financial rewards diminished.
  • These dwindling profits, and the lack of investors, push the owners into foreclosure and bankruptcy and they join the throng of those who have already staked out their claim for government assistance.
  • In the end, everyone’s standard of living has diminished except the politicians and their cronies.
  • The poor become more poor because business has been destroyed by those who gained their office through a promise of fairness.
  • Larger business, through the support of their friends in government, buy the distressed assets at reduced prices and become more wealthy.

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  1. Crony Capitalism An economy that is nominally free-market, but allows for preferential regulation and other favorable government intervention based on personal relationships. In such a system, the false appearance of “pure” capitalism is publicly maintained to preserve the exclusive influence of well-connected individuals.

The Bias Construct

Recent public conversations about the political nature of Supreme Court appointments, has surfaced again. No matter who is proposed, if they’ve lived, worked, met, and offered numerous legal opinions, any nominee is going to have opinions on key issues of their day.

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United States Supreme Court Building

Such confusion and double-talk exists in our public-politic, it’s amazing that anyone can be appointed. In a recent public speaking engagement at University of California, Berkeley, U.S. Supreme Court Justice Sonia Sotomayor had this to say.

“I’m saddened to see that many people have lost confidence in judges and believe they are political.”

Sotomayor made the comments while taking questions from law students. The school’s interim law school dean, Melissa Murray, served as Sotomayor’s clerk when the justice was a federal appellate court judge.

Sotomayor said judges try to be fair and impartial and don’t have rigid beliefs they apply to every case. She encouraged people to view judges as “human beings who care deeply about what we’re doing.”

This is an interesting response, considering her words elsewhere.

Sotomayor, spoke at the University of Minnesota on October 19, 2016, commenting that the Supreme Court was designed to have nine justices so it can break ties on difficult cases.

“We try to come to decision-making as best as we can,” she said. “Where we can find a very, very narrow way of deciding a case, we use it.”

Sotomayor compared Scalia’s death to the loss of a family member despite their differences.

“There are things he’s said on the bench where if I had a baseball bat, I might have used it,” she said.

Enter the new nominee Neil Gorsuch. There’s a leading headline in Rueters describing, “ideological balance at stake in confirmation fight” . Of course the usual politicos, Democratic leader Chuck Schumer, and Democrat Dianne Feinstein, are leading the opposition to his appointment along ideological lines. The Rueters article describes some of the opposition rational as to why he shouldn’t be appointed.

It’s a good thing Supreme Court judges are fair and impartial and don’t have rigid beliefs.

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Neil Gorsuch – Supreme Court nominee

What is Freedom?

I’ve recently offered my opinion through social media on the vagaries and alignment of two sides on an issue which should be fundamentally understood by all. That issue is “Freedom of the Press.” Some people wish to try on their hip waders and defend their position on the basis of the Constitution. Very well, let’s take a moment and see how well we understand the first amendment. Keep in mind this one thing above all, if one-side of the political system adopts this position, what would prevent the next party to do the same, once they’re in office?

“Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.”

donald_trump_explaining_his_positionsPlace this in context with the position our President, Donald Trump, has taken with regard to some of those who represent the press. No other modern president has taken such a hostile position and altered policy to reflect such a position.

“WASHINGTON — Journalists from The New York Times and several other news organizations were prohibited from attending a briefing by President Trump’s press secretary on Friday, a highly unusual breach of relations between the White House and its press corps.

Reporters from The Times, BuzzFeed News, CNN, The Los Angeles Times and Politico were not allowed to enter the West Wing office of the press secretary, Sean M. Spicer, for the scheduled briefing. Aides to Mr. Spicer only allowed in reporters from a handpicked group of news organizations that, the White House said, had been previously confirmed.

Those organizations included Breitbart News, the One America News Network and The Washington Times, all with conservative leanings. Journalists from ABC, CBS, The Wall Street Journal, Bloomberg, and Fox News also attended.

Reporters from Time magazine and The Associated Press, who were set to be allowed in, chose not to attend the briefing in protest of the White House’s actions.”

This constant claim that news organizations present false information, “fake news”, isn’t the responsibility of the President, it is ours. If we see, read, or listen to news that doesn’t align with the facts or misrepresents a statement made by others, it’s our duty to ignore or challenge this information.

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Click on this image for background

The framers of the Constitution never intended to limit access, or control the message, anymore than they placed limitations on the type of firearms people are allowed to own, in the second amendment. This is how the Constitution functions best.

Placing limitations on freedom creates more harm than good. We don’t need a President to be our filter on the news. It’s up to us to access any and all information, and for those hired to do the work of journalist, to do this work to the best of their ability. When they fail, they fail us, but their bad or biased work shouldn’t qualify how the Constitution is implemented.

George Orwell seeing in front of our noseSo ask yourself, if this is an action you support by President Trump, would you support this same action by a Democrat President? Freedom isn’t a gift bestowed on us by a benevolent government, it’s our inalienable right. I believed that over four decades ago when I signed up for the Marine Corps. I still believe it needs defending today.