Tag Archives: Jobs

Michele Bachmann explains why government should not meddle in the free market

Video was found by the Maritime Sentry, a conservative policy-oriented blog.

We’ve seeing a lot of my two favorite Congresswomen lately. Did you miss the previous posts?

If we had elected these two as POTUS and VPOTUS, we would not be spending trillions of dollars on single-payer health care.

Obama’s corporate tax hike would cause Microsoft to outsource jobs

This Bloomberg article may be helpful to those Democrats who voted for Obama because they hoped that Obama would stop outsourcing by taxing “the rich” and by taxing “greedy coporations”. (H/T Club For Growth)

Excerpt:

Microsoft Corp. Chief Executive Officer Steven Ballmer said the world’s largest software company would move some employees offshore if Congress enacts President Barack Obama’s plans to impose higher taxes on U.S. companies’ foreign profits.

“It makes U.S. jobs more expensive,” Ballmer said in an interview. “We’re better off taking lots of people and moving them out of the U.S. as opposed to keeping them inside the U.S.”

…In a roundtable discussion today, Ballmer, Symantec Corp. Chairman John Thompson and the heads of smaller companies such as privately held Bentley Systems, an Exton, Pennsylvania-based maker of engineering software, said such policies would hurt domestic investment, reduce shareholder value and increase the cost of employing U.S. workers.

See, there’s a difference between what Obama thinks will happen (fantasy) and what actual will happen (reality). He is probably very surprised that corporations are responding to his socialism by shipping jobs overseas. What an unexpected surprise! Let’s recall the simplest possible economics lesson from Henry Hazlitt’s “Economics in One Lesson”.

From this aspect, therefore, the whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence. The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

Obama shows no evidence of knowing this lesson. And neither does anyone who voted for him. And it isn’t just that he and his voting bloc seem to know nothing about economics, it’s that they seem not to know anything about anything. And this, coupled with disregard for the unemployment rate, the budget deficit and the national debt, is what fuels his domestic policy.

Isn’t it mysterious that Bush cut taxes across the board, and tax revenues skyrocketed, while unemployment dove down below 5%? It’s a mystery! At least it’s a mystery to people who have never cracked open a book.

How communists operate

Here’s a preview of what we can expect from someone like Obama, who has no doubt absorbed the views of many left-wing arts professors, who, like him, have probably never run so much as a lemonade stand. Chavez doesn’t even have a college degree. (I have not seen Obama’s grades, he hasn’t ever released them – but he used alcohol, pot and cocaine).

IBD writes about Chavez:

It ought to worry people that what’s happening at GM is perfectly recognizable in Caracas.

In 2004, Chavez began by expropriating cattle ranches in Venezuela, saying he only wanted to clarify property rights, not confiscate land. End result: Virtually all productive land now is in his hands, redistributed to his loyalists in serfdom.

After that, he went after the U.S. oil industry, snagging prizes like Exxon Mobil’s $1 billion heavy-oil complex on the Orinoco River in 2007, citing a different legal issue: tax disputes.

He did similar expropriations with steel, cement, ports, banks, sugar, rice, pretty much any industry that was viable.

Running out of companies to steal, he now persecutes private media — not, he claims, to stifle dissent, but to protect children from smut, his pretense for shutting down RCTV in 2007.

For the last remaining nonstate TV station, his concern is now environmental desecration, with Chavistas using the pretense of some old antlers on the wall of a Globovision executive following an open-ended state raid as the excuse to shut down the TV station.

Whatever Chavez’s legal concerns are, the punishment is always the same: expropriation and more power to the state, the two pillars of socialism.

Read the whole thing, it goes on to juxtapose Obama and Chavez. (MP3 Podcast is here)

How can we smarten up young people who voted for Obama?

I was browsing on Captain Capitalism’s web site and I found this article where he denounces the idiocy of today’s youth, who have destroyed their own future by voting in droves for Barack Obama.

Here’s an excerpt from the article: (H/T Small Dead Animals)

Young (latin for – idiots who are too young to know what they’re talking about and should not be able to vote until they’re 35) Americans voted in droves for Barack Obama. Why they did this can be summarized why they voted for Stevie or whoever it was that won the latest round of American Idol. It was a popularity contest. Nobody bothered to look at his projected spending. Nobody bothered to see whether there was enough money to pay for his promises. Nobody held him up to any kind of standard or rigor that should have been applied to the president of the United States. And the reason why is that’s “lame man. Why do you have to kill our good time? Why do you have to be such a downer, man? Who cares about economics and finance and the budget. Can’t you just be for hope and change? Besides he’s cool. Did you see his pecks? Geez, you’re such a nerd!”

How are we going to fix these pampered ignoramuses?

Well, for one thing, we can start by pulling them out of public schools run by the secular-left teacher’s unions, and shove them into homeschooling or private schools. But failing that, you can show them an article like this one, from the New York Post, which talks about what “greedy corporations” and “the rich” do when you start to confiscate their profits more and more. They stop producing and/or leave.

Excerpt: (H/T The Cato Institute)

Politicians like to talk about incentives — for businesses to relocate, for example, or to get folks to buy local. After reviewing the new budget, I have identified the most compelling incentive of all: a major tax break immediately available to all New Yorkers. To be eligible, you need do only one thing: move out of New York state. Last week I spent 90 minutes doing a couple of simple things — registering to vote, changing my driver’s license, filling out a domicile certificate and signing a homestead certificate — in Florida. Combined with spending 184 days a year outside New York, these simple procedures will save me over $5 million in New York taxes annually.

…This problem didn’t begin with the current recession. New York faced a $6 billion shortfall before the economic downturn. However, in the face of economic turmoil, Gov. Paterson, Assembly Speaker Sheldon Silver and Senate Majority Leader Malcolm Smith looked to the unions and special interests, who answered with one voice: raise taxes. That was irresponsible — and may just prove to be counterproductive, since the top 1 percent of earners account for about 50 percent of state revenue and are the ones who can and will leave.

It’s called Going Galt.