Tag Archives: Market

News

Obama appoints a socialist to run Medicare and Medicaid

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Obama has bypassed the Congressional confirmation process for Dr. Donald Berwick, a socialist, and instead given him an immediate recess appointment. What this means is that there will be no debating Dr. Berwick’s socialist views in public.

From the New York Times. (H/T Verum Serum)

Excerpt:

Dan Pfeiffer, the White House communications director, said the “recess appointment” was needed to carry out the new health care law. The law calls for huge changes in the two programs, which together insure nearly one-third of all Americans.

Mr. Pfeiffer said the president would appoint Dr. Berwick on Wednesday. Mr. Obama decided to act because “many Republicans in Congress have made it clear in recent weeks that they were going to stall the nomination as long as they could, solely to score political points,” Mr. Pfeiffer said.

This 2008 NHS paper by Dr. Berwick explains what he thinks about government-run health care in the UK. (H/T Verum Serum)

Excerpt:

The National Health Service [Britain’s single payer health care] is one of the truly astounding human endeavors of modern times.  Just look at what you are trying to be: comprehensive, equitable, available to all, free at the point of care, and – more and more – aiming for excellence by world-class standards.  And, because you have chosen to use a nation as the scale and taxation as the funding, the NHS isn’t just technical – it’s political…The NHS is a bridge – a towering bridge – between the rhetoric of justice and the fact of justice.

[…]You plan the supply; you aim a bit low; historically, you prefer slightly too little of a technology or service to much too much; and then you search for care bottlenecks, and try to relieve them.

[…]You could have obscured – obliterated – accountability, or left it to the invisible hand of the market, instead of holding your politicians ultimately accountable for getting the NHS sorted.  You could have let an unaccountable system play out in the darkness of private enterprise instead of accepting that a politically accountable system must act in the harsh and, admittedly, sometimes unfair, daylight of the press, public debate, and political campaigning.  You could have a monstrous insurance industry of claims, rules, and paper-pushing, instead of using your tax base to provide a single route of finance.  You could have protected the wealthy and the well, instead of recognizing that sick people tend to be poorer and that poor people tend to be sicker, and that any health care funding plan that is just, equitable, civilized, and humane must – must – redistribute wealth from the richer among us to the poorer and less fortunate.

[…]please don’t put your faith in market forces. It’s a popular idea: that Adam Smith’s invisible hand would do a better job of designing care than leaders with plans can.  I do not agree.  I find little evidence anywhere that market forces, bluntly used, that is, consumer choice among an array of products with competitors’ fighting it out, leads to the health care system you want and need.

[…]I cannot believe that the individual health care consumer can enforce through choice the proper configurations of a system as massive and complex as health care. That is for leaders to do.

[…]Unfettered growth and pursuit of institutional self-interest has been the engine of low value for the US health care system.  It has made it unaffordable, and hasn’t helped patients at all.

That’s who is going to administer government-run single-payer health care programs in the United States. He opposes consumer choice. He opposes competition. He wants to have a monopoly on health care, and make your decisions for you. You pay him your money based on what you earn, and he’ll decide which of your neighbors will get health care. You’re smart enough to earn the money, but not smart enough to spend it on your own family. And that’s probably what Obama believes, too, otherwise he would have picked someone else.

Thanks to Verum Serum for finding all of this. They do amazing work breaking these stories. You really need to bookmark Verum Serum and read it every day, if you haven’t already.

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Commentary

Paul Ryan explains the vision of conservativism

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Rep. Paul Ryan
Rep. Paul Ryan

This article is long! You will have to print it out and read it in little bits. It took me 15 minutes to read!

The title is “How Will Conservatism Become Credible Again?”. Paul Ryan is one of the “ideas” conservatives in the Congress. His job is to think up new bills and initiatives that reflect conservative ideals.

Let’s learn about America

Here, he talks about how the conservative vision of government values liberty and personal responsibility over equality of outcomes and “social justice”:

Nowhere was the Western tradition epitomized more memorably than in the Declaration of Independence. By “the laws of nature and of nature’s God,” all human beings are created equal…not in height, or skills, or knowledge, or color, or other nonessentials…but equal in certain inalienable rights – to live, to be free, and to fulfill their best individual potential, including the right to the “material” such as property needed to do this. Each individual is unique and possesses rights and dignity. There are no group or collective rights in the Declaration. Nor does basic human equality imply “equal result.” It means “equal opportunity”: every person has a right not to be prevented from pursuing happiness, from developing his or her potential. The results should differ from one to another because “justice” or “fairness” gives each individual what each has earned or merited.

The great conservative purpose of government is to secure these natural rights under popular consent. Protecting every person’s life, liberty, and pursuit of happiness should be the great and only mission of legitimate government.

He talks about how the Constitution’s purpose is to enable prosperity through free market capitalism:

The authors of the Constitution surrounded economic freedom with a multitude of guarantees: freedom of contract against government interference… private property rights… patents and copyrights…standard weights, measures, and monetary values…punishment of counterfeits…freedom under law for interstate and foreign commerce…enforcement of agreements in law courts… uniform bankruptcy laws, and other protections.

They promoted Smithian free markets to produce resources for strong military defenses and to keep America free of economic dependency on other nations. But they also expected commercial life to encourage certain moral qualities: personal responsibility to work, save, create businesses, hire employees, pay off their debts, earn the rewards of merited effort, moderate appetites, practice honesty and justice in business dealings, self-discipline, industriousness, timeliness, plus trust and confidence in other persons.

And he talks about how America is a country where social conservatives and fiscal conservatives should be united:

A “libertarian” who wants limited government should embrace the means to his freedom: thriving mediating institutions that create the moral preconditions for economic markets and choice. A “social issues” conservative with a zeal for righteousness should insist on a free market economy to supply the material needs for families, schools, and churches that inspire moral and spiritual life. In a nutshell, the notion of separating the social from the economic issues is a false choice. They stem from the same root.

Did you know that Republicans believe in the right to life, the sanctity of marriage and the public expression of faith? These values were present at our founding, and Republicans hold to them because they are American values.

Since America’s first political principles establish a high but limited mission of securing the natural rights of all, conservatives should expect government to fulfill that entire mission…by enforcing every human being’s natural right to life, which is the first clause of the social compact that formed America, the Declaration of Independence.

A credible conservatism will also seek to secure the privileged legal status of marriage. The traditional family must be protected as the indispensable mediating institution for developing the moral qualities of a free people.

A credible conservatism will resist the purging of faith from the public square. It will make public space for the practice of faith because belief is a central pillar of a free and prosperous society. Nor can government welfare programs substitute for the faith-based love that unites citizens in free bonds of charity and compassion.

Recommended for my readers from at home, or abroad, who need a refresher on the vision of conservatism… or a breath of fresh air from the fetid leftist gasses emanating from the White House.

More articles on conservatism from the New Ledger are here.

We haven’t forgotten our principles.

News

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

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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)