Tag Archives: Economics

Obama tries to take credit for Ohio’s resurgence under John Kasich

Central United States
Central United States

Doug Ross writes about it at Director Blue.

Excerpt:

In celebrating Ohio’s comeback, Obama is unintentionally repudiating his own policies. It turns out that, in spite of Obama, Ohio is 4th in the nation in job creation and tops in the Midwest. In the previous four years before Republican Gov. Kasich came into office, Ohio was 48th.

Even the states that are ahead of Ohio in job creation are far larger. Check out the other members of the top five job-creating states: Texas, New York, California and Florida. All are far more populous than Ohio. Florida, for instance, has 6.5 million more people, yet Ohio edged it out in job creation.

In fact, February’s BLS data showed that Ohio created more jobs than any other state. When was the last time that happened? Can’t tell, because the BLS doesn’t offer data prior to the Clinton era, so it’s been at least that long.

In short, Ohio proves that conservative fiscal policies work in spite of Barack Obama. While Obama’s “leadership” destroyed America’s pristine AAA credit rating, S&P was simultaneously upgrading Ohio’s rating.

[…]Kasich has a damn good record when it comes to fiscal policies. Bill Clinton won’t ever admit it in public, but the real architect of the much-ballyhooed ‘Clinton Surplus’ was none other than John Kasich, the Paul Ryan of Newt Gingrich’s House of Representatives.

John Kasich is one of three governors that I am watching closely. The other two really good ones are Scott Walker in Wisconsin and Bobby Jindal in Louisiana. I personally think that Kasich is the best governor in the United States of America. And Ohio has a great Senate candidate too, named Josh Mandel.

Canadian government to limit environmentalist obstruction of energy development

From Fox Business: the Canadians embrace federalism.

Excerpt:

The Canadian government released details Tuesday of its plan to dramatically streamline reviews for big energy and mining projects, capping the timeline for federal reviews and ceding more regulatory oversight to the country’s provinces.

The Conservative government of Prime Minister Stephen Harper has said for months it would move to speed up the regulatory review of big energy, mining and infrastructure projects. It has expressed frustration at the sometimes-lengthy review timelines for big projects.

Mr. Harper’s government said in its annual budget announcement last month that it would cap federal reviews. Resources Minister Joe Oliver released details Tuesday, saying that federally-led hearings would be applied only to major initiatives that risk some environmental harm.

Further, the government said it was prepared to hand over more responsibility for the review to Canadian provinces, so long as their regulations meet or exceed federal standards. Canadian provinces already enjoy considerable regulatory oversight.

“It is counterproductive to have the federal and provincial governments completing separate reviews of the same project,” Oliver said in a speech in Toronto.

[…]The government had previewed in its budget last month that reviews for major projects would be limited to 24 months. Meanwhile, regular inter-provincial pipeline reviews, as conducted by the National Energy Board, would be limited to 18 months.

Oliver said Tuesday that Enbridge Inc.’s (ENB) proposed Northern Gateway pipeline – which envisions shipping oil from Alberta to Canada’s West Coast — would benefit from the quicker review. The line has been mired in stiff opposition from native groups in British Columbia, and the government has accused foreign-funded environmental groups of tying up the project in regulatory hearings. Government officials said the new rules would also limit who could participate as intervenors in the review process.

[…]In Toronto, Oliver said the current process is unworkable, with over 40 federal departments involved in reviews. He said he would pare that back to only three federal agencies: the Canadian Environmental Assessment Agency; the National Energy Board; and the Canadian Nuclear Safety Commission.

The Canadian process, as it stands, forces investors to go “through hoops and hurdles as far as the eye can see,” Oliver said. “We simply have to turn that around.”

Canadians don’t want to scare businesses away from Canada – they want the jobs to come to Canada. That’s the exact opposite of what Obama’s socialist “Environmental Protection Agency” does – they regulate energy development, in order to block it or slow it down.

And Canada lowered corporate taxes to 15% compared to our 35% – and their revenues held steady.

Canada: Corporate tax cuts, not stimulus spending
Canada: Corporate tax cuts, not stimulus spending

They cut their corporate tax rate, but then businesses saw the lower rate and just kept on expanding in order to make more money. As businesses grow, they pay more in taxes. So government revenues from taxes haven’t dropped at all, even with the lower corporate tax rates! More businesses moved in to Canada to capitalize on the lower tax rates, generating revenue for the government. More workers moved off of unemployment and welfare as demand for labor grew, and they started paying income taxes and sales taxes, generating even more revenue for the government. Do you know what makes consumers more confident, so that they spend more? Having a job.  Not being dependent on government.

Look at their unemployment rate:

Canada and US unemployment rates
Canada and US unemployment rates

When we embraced “stimulus” spending, they went for the corporate tax cuts. Our unemployment rate used to be LOWER than theirs, before Pelosi and Reid took over Congress in January 2007. Now we are HIGHER than they are. That’s not rhetoric – that’s data. Even though Canada’s economy is linked to ours, and has suffered as a result of that, they have been signing free trade deals left, right and center. They did this in order to decouple themselves from our collapsing economy, massive debt and devalued currency. Barack Obama, of course, opposes free trade. He has to – he’s in the back pocket of the socialist labor unions.

Free trade empire: (click for larger image)

Canada: Free Trade Empire
Canada: Free Trade Empire

What a contrast Canada’s energy policy makes with Obama’s politicized “Cash for Cronies” energy policy. But then again, Canada hired a conservative right-wing capitalist economist to run their country. We could have just done the same and put in economists like Thomas Sowell or Walter Williams to run our economy, but we put in an unqualified community organizer instead.

Is cohabitation a better way to prepare for marriage compared than courting?

Matt from Well Spent Journey sent me this assessment of cohabitation from the liberal New York Times.

Excerpt:

AT 32, one of my clients (I’ll call her Jennifer) had a lavish wine-country wedding. By then, Jennifer and her boyfriend had lived together for more than four years. The event was attended by the couple’s friends, families and two dogs.

When Jennifer started therapy with me less than a year later, she was looking for a divorce lawyer. “I spent more time planning my wedding than I spent happily married,” she sobbed. Most disheartening to Jennifer was that she’d tried to do everything right. “My parents got married young so, of course, they got divorced. We lived together! How did this happen?”

Cohabitation in the United States has increased by more than 1,500 percent in the past half century. In 1960, about 450,000 unmarried couples lived together. Now the number is more than 7.5 million. The majority of young adults in their 20s will live with a romantic partner at least once, and more than half of all marriages will be preceded by cohabitation. This shift has been attributed to the sexual revolution and the availability of birth control, and in our current economy, sharing the bills makes cohabiting appealing. But when you talk to people in their 20s, you also hear about something else: cohabitation as prophylaxis.

In a nationwide survey conducted in 2001 by the National Marriage Project, then at Rutgers and now at the University of Virginia, nearly half of 20-somethings agreed with the statement, “You would only marry someone if he or she agreed to live together with you first, so that you could find out whether you really get along.” About two-thirds said they believed that moving in together before marriage was a good way to avoid divorce.

That’s a nice idea – wanting protection against divorce. If you asked me, I would tell you that courting is protection against a bad marriage. And the aim of courting is to interrogate and stress the other person so that you can see whether they understand the demands of the marriage and their duties to their spouse and children. In particular, men should investigate whether the woman has prepared to perform her roles as wife and mother, and women should investigate whether the man has prepared to perform his roles as protector, provider and moral/spiritual leader. Courting is not fun. It is not meant to make people feel happy. And this is because you cannot translate fun and happy into marriage, because marriage is about well-defined roles, self-sacrifice and commitment. Marriage is about following through for the other person, whether you get what you want or not.

Cohabitation is particularly stupid because what it says is that sex is not to be confined to marriage, but it is instead for recreational purposes outside of marriage. If men and women cannot demonstrate that they are capable of self-control prior to marrying by functioning in a relationship based on commitment and not based on pleasure, then they are not qualified for marriage. And that’s why cohabitation is associated with higher risks of divorce – because thinking that relationships are recreational is inconsistent with a life-long self-sacrificial commitment. Research has shown that pre-marital chastity produces more stable and higher quality marriages. And that’s because chastity helps people to focus on conversations and obligations instead of recreational sex which clouds the judgment and glosses over the seriousness of marriage.

Now look, the key to the difference between courtship and cohabitation is right in the article. You guys know about my evil ten questions to scare fake Christian women away ten questions to test Christian women for marriage, right? Those questions are designed to weed out women who are not interested in marriage as a commitment to serve God, regardless of whether it makes them happy or not. By making the woman work to prove herself in the courtship, the man is able to lead her to see that marriage is not some fairy tale of bliss where she will get her own way all the time. Those ten questions, if acted on by the woman, will clearly drive into her mind the idea that marriage is about her caring about her husband and children as a way of serving God. This sort of deliberate questioning is a reality check to women who think that peer-approval of the boyfriend and great sex and happy feelings and a big expensive wedding are all predictors of marital stability. That’s a popular delusion that is unsupported by research.

More:

Couples who cohabit before marriage (and especially before an engagement or an otherwise clear commitment) tend to be less satisfied with their marriages — and more likely to divorce — than couples who do not. These negative outcomes are called the cohabitation effect.

Researchers originally attributed the cohabitation effect to selection, or the idea that cohabitors were less conventional about marriage and thus more open to divorce. As cohabitation has become a norm, however, studies have shown that the effect is not entirely explained by individual characteristics like religion, education or politics. Research suggests that at least some of the risks may lie in cohabitation itself.

As Jennifer and I worked to answer her question, “How did this happen?” we talked about how she and her boyfriend went from dating to cohabiting. Her response was consistent with studies reporting that most couples say it “just happened.”

“We were sleeping over at each other’s places all the time,” she said. “We liked to be together, so it was cheaper and more convenient. It was a quick decision but if it didn’t work out there was a quick exit.”

She was talking about what researchers call “sliding, not deciding.” Moving from dating to sleeping over to sleeping over a lot to cohabitation can be a gradual slope, one not marked by rings or ceremonies or sometimes even a conversation. Couples bypass talking about why they want to live together and what it will mean.

The problem with young people today is that they want marriage as “a blissful state where I will get whatever I want without having to do anything, and where I am free from the consequences of my own selfishness”.  They don’t want marriage as commitment, moral obligations, serving others and self-sacrifice. By avoiding conversations about who will do what, and what needs doing, they can fool themselves by thinking that happy sex and happy drinking and happy dancing will naturally turn into happy marriage. As if marriage is just an extension of drinking, friends and dancing, and nothing more. I once asked a woman to give me her vision of marriage and she literally said that it would be having her friends over to drink wine and dance around. They want happiness, they think marriage is a path to happiness, and that cohabitation will lead to marriage without the nasty work of having to answer questions and perform duties during a formal courtship. They don’t want the work. They don’t want the questions. They don’t want the obligations. They don’t want the self-sacrifice.

And that’s why I encourage men to very gently and subtly guide the relationship in a way that will allow the woman to demonstrate her seriousness about marriage as marriage – the real marriage of self-sacrifice and commitment and serving God – instead of letting the relationship be about avoiding difficult conversations and just drifting from fun to happy and back again.  Marriage is a job, and you need to be prepared to hold up your end of it, and to make sure that your partner is able to hold up their end.