All posts by Wintery Knight

https://winteryknight.com/

4Simpsons explains why tariffs turn recessions into depressions

I was browsing around on 4Simpsons, my favorite Christian Living blog, and I found this gem of a video on Neil’s latest round-up of links. I love this blog, because you get solid economics, solid social conservatism and solid apologetics.

Here’s the video:

It features Amity Shlaes, whose voice I find irresistible! And Jagdish Bhagwati, too.

If you are a Christian and you voted for Democrats, please listen to this lecture by Jay Richards on the “Myths Christians Believe about Wealth and Poverty“. When Jay mentions the “Trading Game” and networking theory, I had to study that in grad school e-commerce: “Metcalfe’s Law” and “network externalities”.

If you want to read the book by Henry Hazlitt that he mentions, it’s all posted online here. But I recommend Robert P. Murphy‘s “The Politically Incorrect Guide to Capitalism” as the best economics book for beginners. Better than Tom Sowell‘s “Basic Economics”? For beginners, yes! Get both, they’re all you need to understand basic economics.

Now, remember how leftist Democrats were always complaining about how much the world hated us because of Bush? Yeah, they didn’t really hate us then, (because they all voted in conservatives themselves!), but they really hate Obama’s trade policies now!

Take a look at what Canadians think of Obama‘s Buy American anti free trade policy: (H/T My best friend, Andrew who has a perfect marriage)

The dire predictions about Buy American are coming true. From pipes and water pumps to steel beams and office furniture, a wide range of Canadian manufacturers are suddenly finding themselves shut out of traditional markets south of the border, according to industry and government officials.

…Canadian Manufacturers and Exporters (CME) has compiled a list of seven pieces of legislation now before Congress that contain overtly protectionist language. They include bills to fund local sewer and water projects, expand broadband access, build smart electrical grids, replace Air Force One, purchase 100,000 hybrid vehicles, and build and renovate government buildings.

…Canadian steel makers and fabricators are feeling the impact of Buy American restrictions, which were inserted into the stimulus bill to appease U.S. steel makers and workers. Companies are losing orders, threatening $1-billion-a-year worth of exports, according to Ed Whalen, president of the Canadian Institute of Steel Construction.

Who loses from Americans paying too much for materials and products? Canadian companies and consumers are hurt from lost revenue, so they lay people off and buy less of our stuff. US companies pay more for materials, so they lay people off. US Consumers, who must pay more for products they could have got cheaper. And taxpayers, whose money is wasted by paying too much for government projects.

And who gains from protectionism? Why Obama’s union supporters and donors, that’s who. It’s basically a legal way of rewarding the people who put you in office ,and buying the next election with money confiscated from the productive private sector, i.e. – your boss.

A comprehensive article about Obama’s plans for energy policy, which will really destroy the economy and cost us piles of jobs, is here.

Unemployment rate tracking above Obama’s projection

I have an idea. Let’s put a Democrat ACORN lawyer in charge of the economy during a recession caused by Democrats and ACORN. What could go wrong?

This: (From Hot Air, H/T Ace of Spades)

Barack Obama pushed for almost $800 billion in stimulus spending by claiming that it would save or create millions of jobs this year.  Critics pointed out that most of the spending started in 2010 and more than half of it came in 2011 or later, calling the stimulus useless at best for salvaging jobs, let alone creating them.  The White House has quietly agreed with its critics, according to the New York Times, and now says it expects to see no hiring rebound in 2009.

I can’t believe what I’m reading. Are you telling me that the Marxist-in-Chief blew trillions of taxpayer dollars on big government wastefulness, and he created NO JOBS?

Hot Air continues:

We just got done hearing Obama take credit for saving 150,000 jobs — which his administration never documented.  Now we’re hearing that the stimulus package demanded by Obama and passed over near-unanimous Republican objections won’t actually make any difference at all.  The cure, Obama and his team now admit, is private-sector growth.

Take a look at the numbers below. We are getting worse unemployment numbers for Mr. Teleprompter than if he had never spent a dime of taxpayer money at all.

Chart by Geoff from Innocent Bystanders
Chart by Geoff from Innocent Bystanders

Hot Air explains:

Actually, only the red indicators come from Geoff.  The chart itself comes from page 5 of an analysis prepared by Romer and Obama’s council of economic advisers in support of the $787 billion Porkulus plan.

We’re already past 8.8%, well on the way to 9.5%, above her predictions in either case.  They predicted that the upper curve would occur without spending $800 billion on government make-work, and that passage would prevent the severe spike in unemployment.  Now Romer admits that the upper curve will happen anyway.

Remember under George W. Bush, when unemployment averaged about 5% over the course of his two terms? Yeah, I miss him too.

Videos from Zo, Steven Crowder and How the World Works

Here’s Alfonzo Rachel’s latest video on RINOs, abortion, and our mounting debt to China:

Why can’t I talk like that? Oh, because I’m a software engineering nerd! That’s why.

And here’s Steven Crowder’s latest video on National Prayer Day:

Steven says this on Big Hollywood under the video:

For all of you atheist Libertarians who will undoubtedly be offended by this… Don’t worry, you’ll have plenty of time to complain about it while you’re in hell.

These guys are solid across the board on issues of interest to Christians and conservatives. I am so glad to see talented Christians making a difference in the blogosphere! Bookmark their blogs! They post new videos every week.

Here is one more video by How the World Works, explaining media bias:

The media is an arm of the Democratic party.

By the way, did you see my first ever Friday night funny on media bias? It was hilarious!