Tag Archives: Economics

The failed prediction that the mainstream media isn’t covering

From Powerline Blog.

Excerpt:

I have been puzzled by the extent of the media coverage of some crank’s prediction that the world would come to an end today. People are always predicting the end of the world. So far they have always been wrong. Was there something about this particular prediction that was newsworthy? Did any significant number of people expect to wake up this morning and see graves opening and people ascending into Heaven? This morning, there were news stories to the effect that the world still exists. Really! Did reporters expect their readers to be surprised? Why, in short, was this silliness a major media event?

I wish reporters would pay as much attention to a more important failed prediction: the Obama administration’s assurance that its policies, including the “stimulus,” would foster job creation and prevent unemployment from reaching 8 percent.

And here are some charts from John’s post.

Community organizer Obama predicted that his $800 billion dollar stimulus program would keep unemployment below 8%:

Stimulus Job Creation Prediction
Stimulus Job Creation Prediction

Ooops! Never send a community organizer to do an economist’s job.

How about all that spending? Surely ALL the spending must have created more jobs?

Government Spending Vs Jobs
Government Spending Vs Jobs

Hans Bader of the Competitive Enterprise Institute links to a new study by two economics professors that shows that 550,000 jobs were LOST because of the stimulus bill.

This should be the end of the belief that government spending creates jobs, but it won’t be, because the university is not committed to teaching what gets results, but what produces feelings of superiority. The secular elites feel that they should be allowed to redistribute the wealth created by businesses and workers. This feeling of entitlement to control and distribute is best put into practice with large-scale taxation, spending and redistribution of wealth. The professors think that their good feelings (subjective) will somehow, mysteriously, cause good effects in the real world (objective). The chart proves their mysticism wrong, but the university is insulated from feedback from the real world.

That is why we need to elect business owners like Michele Bachmann or Herman Cain.

Are the Girl Scouts linked to the abortion provider Planned Parenthood?

From Life News. (H/T Steve)

Excerpt:

A new pro-life website set up by two teen siblings exposes the links and connections between the Girl Scouts of America and the Planned Parenthood abortion business.

Last year, the Girl Scout organization came under fire nationally when the World Association of Girl Scouts and Girl Guides hosted a no-adults-welcome panel at the United Nations where Planned Parenthood was allowed to distribute a brochure entitled “Healthy, Happy and Hot.” The brochure, aimed at young people living with HIV, contains explicit and graphic details on sex, as well as the promotion of casual sex in many forms.

In 2004, a report from a pro-life group that monitors Planned Parenthood indicated more than one-quarter of GSA troops work with the pro-abortion group. Of the 315 Girl Scout councils in the U.S. at that time, 17 councils reported having a relationship with Planned Parenthood and its affiliates, and 49 reported they do not. The other 249 refused to disclose any relationship.

After learning of these disturbing links, teen siblings Sydney and Tess Volanski decided to leave their local Girl Scout group after eight years of involvement and they have decided to launch a new web site called “SPEAK NOW: Girl Scouts” exposing the distribution of the brochures at the UN meeting and other links between the young girls’ organization and the abortion business.

Sydney told the pro-life group Concerned Women for America, “Even though they denied this involvement … we wanted to make sure that we knew what we were supporting by being a Girl Scout, so we continued to research the connection.”

“We found shortly after this ‘Healthy, Happy, Hot’ issue, that The World Association of Girl Guides and Girl Scouts also called WAAG, which is the international organization that Girl Scouts is a part of, had a post on their website demanding safe, affordable, and accessible abortions for women as young as I am, 15,” she said.

[…]In fact, Kathy Cloninger, CEO of the Girl Scouts of America, appeared on NBC’s “Today” show many years ago and said, “We partner with many organizations. We have relationships with our church communities, with YWCAs, and with Planned Parenthood organizations across the country, to bring information-based sex education programs to girls.”

I would NOT send my future daughters to Girl Scouts or YWCA. These are not good organizations for children to be involved with.

Related posts

New study finds that immigration costs Canada up to $23 billion a year

Map of Canada
Map of Canada

Story in the National Post. (H/T Andrew)

Excerpt:

Newcomers to the country generally make less money and chip in less in taxes than the national average.And allowing 250,000 immigrants into the country annually is costing us all billions of dollars each and every year, according to a study by the Fraser Institute.

The study, dubbed Immigration and the Canadian Welfare State, sharply criticizes Canada’s current immigration system, using earnings and other figures from the 2005-06 fiscal year reported by 844,476 people in the 2006 Census.

It claims the group as a whole earned on average about $10,000 more and paid about $2,500 more in income taxes annually than those within the sampling who had settled in Canada in the previous 18 years.

The study also found immigrants typically pay a little over $6,000 less in property and sales taxes than the national average.

That means the approximately 3.9 million immigrants who settled in Canada between 1987 and 2004 are shortchanging federal government coffers by between $16.3 billion and $23.6 billion annually, depending on how many of those newcomers have moved back home, emigrated elsewhere or died, the study said.

[…]The study also takes on the notion that immigrants are helping the country by taking menial jobs that most Canadians don’t want.”Immigrants do fill jobs that Canadians don’t want and thus benefit the economy but, in the absence of immigration, these jobs would pay higher wages and would be filled by Canadians or eliminated by the application of labour-saving technology,” the study states.

“Under these conditions, poverty in Canada would be reduced substantially.”

As for changes, the study suggests annual immigration numbers should be increased or decreased, depending largely on “market forces.”

The study also recommends Canada be more selective, allowing only newcomers who have employment lined up, offering them citizenship only if they hang onto their job for a set number of years and deporting those who lose their jobs.

Canada has a welfare state with single-payer health care, public housing, welfare payment and free public schools. So, people who cannot pull their own weight can rely on all of these goodies provided by the working Canadians. Because of these generous benefits, Canada has a lot of people who would like to move there from poor countries. And they can’t possibly take them all in because it is costing the working Canadians billions of dollars. But there is a way for them to allow more immigration – they just have to stop all of their government handouts. If there were no handouts then everyone could come to Canada freely, because they would go home again unless they held on to their job and pulled their own weight. They could even bring their families once they had worked hard enough to support them – but those family members would not be eligible to get money from the government.

So what do we as Americans learn from this? Well, we need to make sure that the people who come here are selected on the basis of their skills, their education, their ability to pay their own way. We need to have a big fence to keep illegal immigrants out, and we need to have a huge gate to allow skilled legal immigrants in. And they can even bring their families with them – as long as they don’t get a dime of taxpayer money in cash or through social programs – they should have to pay for everything they use, including schools and health care. And they should not be eligible for a dime of government money until they get their green cards after years of demonstrated hard work and clean living.