Tag Archives: New Hampshire

Does Bernie Sanders know a lot about business, finance and economics?

Democrats took control of government spending in 2007
Democrats took control of government spending in 2007

This article from Investors Business Daily takes a look at his record and experience in the areas that are relevant to economic growth.

It says:

Democratic presidential hopeful Bernie Sanders said Monday his parents would never have thought their son would end up in the Senate and running for president.

[…]He explained his family couldn’t imagine his “success,” because “my brother and I and Mom and Dad grew up in a three-and-a-half-room rent-controlled apartment in Brooklyn, and we never had a whole lot of money.”

It wasn’t as bad as he says. His family managed to send him to the University of Chicago. Despite a prestigious degree, however, Sanders failed to earn a living, even as an adult. It took him 40 years to collect his first steady paycheck — and it was a government check.

“I never had any money my entire life,” Sanders told Vermont public TV in 1985, after settling into his first real job as mayor of Burlington.

Sanders spent most of his life as an angry radical and agitator who never accomplished much of anything. And yet now he thinks he deserves the power to run your life and your finances — “We will raise taxes;” he confirmed Monday, “yes, we will.”

One of his first jobs was registering people for food stamps, and it was all downhill from there.

Sanders took his first bride to live in a maple sugar shack with a dirt floor, and she soon left him. Penniless, he went on unemployment. Then he had a child out of wedlock. Desperate, he tried carpentry but could barely sink a nail. “He was a shi**y carpenter,” a friend told Politico Magazine. “His carpentry was not going to support him, and didn’t.”

Then he tried his hand freelancing for leftist rags, writing about “masturbation and rape” and other crudities for $50 a story. He drove around in a rusted-out, Bondo-covered VW bug with no working windshield wipers. Friends said he was “always poor” and his “electricity was turned off a lot.” They described him as a slob who kept a messy apartment — and this is what his friends had to say about him.

The only thing he was good at was talking … non-stop … about socialism and how the rich were ripping everybody off. “The whole quality of life in America is based on greed,” the bitter layabout said. “I believe in the redistribution of wealth in this nation.”

So he tried politics, starting his own socialist party. Four times he ran for Vermont public office, and four times he lost — badly. He never attracted more than single-digit support — even in the People’s Republic of Vermont. In his 1971 bid for U.S. Senate, the local press said the 30-year-old “Sanders describes himself as a carpenter who has worked with ‘disturbed children.’ ” In other words, a real winner.

This is the man that so many Democrats want to put in charge of our economic policy. He’s never run a damned thing in his entire life, but his words sound nice if you have no understanding of how the world works. Besides, doesn’t a person’s good intentions automatically mean that he will achieve good results? He doesn’t have to know anything if his heart is in the right place, does he?

Here’s an article from the Washington Free Beacon that talks about a non-partisan study from the Tax Foundation think tank, which analyzes Sanders’ plans for the US economy.

Excerpt:

Bernie Sanders proposed tax plan would raise taxes by $13.6 trillion over the next decade and reduce the economy’s size by 9.5 percent, according to an analysis by the Tax Foundation.

[…]After accounting for reductions in economic growth, Sanders’ plan would lead to 12.84 percent lower after-tax incomes for all taxpayers, 6 million fewer full-time jobs, and an 18.6 percent smaller capital stock.

That’s who just won the Democrat primary in the Live-Free-Or-Die state of New Hampshire on Tuesday night. They used to want freedom in New Hampshire, now they just want free stuff. Free stuff that their neighbor has to pay for. Or maybe their neighbor’s children.

The problem with all these new taxes ($13.6 trillion) is that you can’t get that money from ONLY “the wealthy”. Although ignorant college kids may think that you can get $13.6 in tax revenue from the rich, the truth is that the so-called 1% don’t make that much money.

Let’s say that $13.6 trillion is $1.36 trillion per year.

John Stossel explains why you can’t make $1.36 trillion per year from taxing the rich:

Progressives say, if you’re so worried about the deficit, raise taxes! There are lots of rich people around, squandering money. On my show, David Callahan of the group Demos put it this way: “Wealthy Americans who have done so well in the past decade should help get us out.”

But it’s a fantasy to imagine that raising taxes on the rich will solve our deficit problem. If the IRS grabbed 100 percent of income over $1 million, the take would be just $616 billion.

[…]My $616 billion assumption above is absurd. Rich people wouldn’t work if government takes all their earnings.

Progressives claim an increase in tax rates won’t stop producers from producing. But they presumably understand that people don’t work for free. When the top marginal rate was 90 percent, actor Ronald Reagan worked just half the year. As soon as he made enough money such that every additional dollar was taxed at 90 percent, he stopped working and went off to ride horses. Reagan later said that woke him up to the damage that high taxes impose.

Maryland created a special “tax on the rich” that legislators said would bring in $106 million. Instead, the state lost $257 million. Some of Maryland’s rich just left the state. When New York state hiked its income tax on millionaires, billionaire Tom Golisano moved to Florida, which has no personal income tax. “[M]y personal income tax last year would’ve been $13,800 a day,” he told us. “Would you like to write a check for $13,800 a day to a state government, as opposed to moving to another state?”

That $13.6 trillion in taxes cannot come from the rich – they will stop producing, or more likely move their production to another country with more reasonable taxes. (Canada’s corporate tax rate is 15% – less than half our 36% corporate tax rate). The tax money Bernie wants is going to have to come out of the pockets of middle-class families, small businesses and other job creators.

Now think, Democrats: how well can your employer afford to employ you if they have to pay much higher taxes? They can’t, and you won’t have a job. Everything doesn’t stay the same when you make these changes to go in a socialist direction. People react to the changes. We have to think beyond stage one. What comes next, for ALL the people who are impacted by the change?

Bush, Rubio and Christie spent $70 million in NH – Cruz beat them and spent $580 thousand

NH primary results early Wednesday morning with 95% counted
NH primary results early Wednesday morning with 95% counted

(Source: Fox News)

According to this tweet from the Weekly Standard’s Stephen F. Hayes, here are the totals of combined candidate/Super PAC spending in the New Hampshire primary:

  • $36 Million Jeb Bush
  • $18.5 Million Chris Christie
  • $15.2 Million Marco Rubio
  • $12.1 Million John Kasich
  • $3.7 Million Donald Trump
  • $1.8 Million Carly Fiorina
  • $580 Thousand Ted Cruz

Here are the results of the election with 95% counted:

  • Trump 94,821 (35%)
  • Kasich 42,699 (16%)
  • Cruz 31,425 (12%)
  • Bush 29,851 (11%)
  • Rubio 28,353 (11%)
  • Christie 20,152 (7%)
  • Fiorina 11,248 (4%)

And this is how much each candidate spent per vote:

  • Bush: $1206 per vote
  • Christie: $918 per vote
  • Rubio: $536 per vote
  • Kasich: $283 per vote
  • Fiorina: $160 per vote
  • Trump: $39 per vote
  • Cruz: $18 per vote

Here are the most recent “cash on hand” numbers for the campaigns:

Cash on Hand (12/31/2015)

  1. Ted Cruz $18,734,794.46
  2. Marco Rubio $10,398,592.91
  3. Jeb Bush $7,589,858.03
  4. Donald Trump $6,964,324.88
  5. Ben Carson $6,567,647.25
  6. Carly Fiorina $4,484,307.21
  7. John Kasich $2,537,300.60
  8. Chris Christie $1,126,158.09

Cruz is backed primarily by individual small donors.

So what does it mean?

It means that you can tell a lot about a candidate from the way they spend money that is entrusted to them. You can tell a lot about a candidate by how much they can get done with the least possible expense. These are useful skills.

Ted Cruz meets voters at a campaign event
Ted Cruz meets voters at a campaign event

Ted Cruz’s record of conservative achievements

Ted Cruz is also the most qualified candidate running.

Young Conservatives explains his achievements:

  • Graduated valedictorian in 1988 from Second Baptist High School
  • Graduated cum laude from Princeton University in 1992
  • Graduated magna cum laude from Harvard Law School in 1995
  • 1992 U.S. National Debate Champion representing Princeton
  • 1995 World Debating Championship semi-finalist representing Harvard
  • Served a law clerk to Chief Justice William Rehnquist, making him the first Hispanic ever to clerk for a Chief Justice of the United States
  • Served as Solicitor General of Texas from 2003 to 2008, making him the first Hispanic Solicitor General in Texas, the youngest Solicitor General in the entire country and the longest tenure in Texas history
  • Partner at the law firm Morgan, Lewis & Bockius, where he led the firm’s U.S. Supreme Court and national appellate litigation practice
  • Authored over 80 SCOTUS briefs and presented over 40 oral arguments before The Court
  • Adjunct Professor of Law at the University of Texas School of Law in Austin, where he taught U.S. Supreme Court litigation

Smart guy.

Here are the specifically conservative achievements:

  • In the landmark case of District of Columbia v. Heller, Cruz assembled a coalition of 31 states in defense of the principle that the 2nd Amendment guarantees an individual right to keep and bear arms
  • Presented oral arguments before the United States Court of Appeals for the District of Columbia Circuit
  • Defended the Ten Commandments monument on the Texas State Capitol grounds,
  • Defended the recitation of the Pledge of Allegiance in public schools
  • Defended the State of Texas against an attempt by the International Court of Justice to re-open the criminal convictions of 51 murderers on death row throughout the United States

He’s 5 for 9 arguing cases before the Supreme Court. Cruz knows how to convince liberal scholars to come over to his side. That’s what he enjoys – persuading people who disagree with him.

Here’s some of the legislation he introduced:

  • ObamaCare Repeal Act
  • Disarm Criminals and Protect Communities Act
  • Defund Obamacare Act of 2013
  • A bill to amend the National Voter Registration Act of 1993 to permit States to require proof of citizenship for registration to vote in elections for Federal office
  • State Marriage Defense Act of 2014
  • A bill to amend title 18, United States Code, to prohibit the intentional discrimination of a person or organization by an employee of the Internal Revenue Service
  • A bill to prohibit the Department of the Treasury from assigning tax statuses to organizations based on their political beliefs and activities
  • American Energy Renaissance Act of 2014
  • A bill to deny admission to the United States to any representative to the United Nations who has been found to have been engaged in espionage activities or a terrorist activity against the United States and poses a threat to United States national security interests
  • SuperPAC Elimination Act of 2014
  • Free All Speech Act of 2014
  • A bill to prevent the expansion of the Deferred Action for Childhood Arrivals program unlawfully created by Executive memorandum on August 15, 2012
  • Sanction Iran, Safeguard America Act of 2014

And he has gotten more legislation passed than Marco Rubio in the Senate:

Laws enacted per year in Congress
Laws enacted per year in Congress

He has done something to address so many of the things I’ve been writing about on this blog – voter fraud, IRS discriminating against conservatives, etc. I am a Cruz supporter because I like Cruz, not because I oppose Trump and Rubio.

Ted Cruz emphasizes libertarian credentials to Rand Paul supporters in New Hampshire

Ted Cruz meets the voters at a campaign stop
Ted Cruz meets the voters at a campaign stop

New Hampshire is well-known as one of the most secular states in the union. They are very liberal on social issues, and socialist candidate Bernie Sanders is polling about 15 points higher than socialist-lite candidate Hillary Clinton. Cruz is in a 4-way tie for second place right now with three moderate, establishment candidates: John Kasich, Jeb Bush and Marco Rubio.

Cruz is trying to emphasize his libertarian credentials so that be broadens his appeal to a different class of voters.

The Washington Post explains how he’s doing it:

Less than two days before the polls opened, Sen. Ted Cruz (R-Tex.) was still working to land the libertarian-minded GOP presidential primary voters who were prodded into politics by Ron Paul and who are deeply unsure about what to do next. At Cruz’s first post-church stop of the day, in the western New Hampshire town of Peterborough, his audience included more than a few voters who planned to support Sen. Rand Paul (R-Ky.), and wanted to hear a specific pitch.

Cruz aimed right at them, elongating his standard riff about the risks a Democratic president would pose to the Supreme Court, and saying that his justices would end eminent-domain abuse.

“Many people here are familiar with the case of Kelo v. New London,” Cruz said. “Kelo was a disgrace.”

This was not the first time Cruz had attacked Kelo and eminent domain in a New Hampshire speech, but a debate moment that Cruz had no part of seemed to give him an opening. In rival Jeb Bush’s best moment from Saturday night, the former Florida governor tore into Donald Trump for his legal campaign to seize property from an elderly woman and use it to expand parking at one of his Atlantic City properties.

I blogged before about Donald Trump’s support for eminent domain, which was used to try to seize an elderly woman’s house so that Trump could put up a parking lot for his limousines.

Here was the exchange from the debate where Trump defended his support for eminent domain in the ABC News debate last Saturday night:

What a disastrous response from Trump – he got boo’d multiple times by the audience for it, and it rattled him.

Cruz is also a co-sponsor of Rand Paul’s legislation to audit the Federal Reserve, something that I would like to see done, as well. There’s too much meddling with the value of the dollar when the Federal Reserve prints money willy nilly.

The New Hampshire Union Leader reports that Cruz has had some success at winning over libertarians:

Republican presidential hopeful Ted Cruz has won over five state representatives who were part of Rand Paul’s New Hampshire leadership team.

Paul, who ended his campaign last week, had amassed a large coalition of liberty Republicans and conservative activists who are now migrating to other candidates ahead of Tuesday’s primary.

The six state lawmakers endorsing Cruz are: Rep. Max Abramson of Seabrook, Rep. Eric Eastman of Nashua, Rep. Harold French of Franklin, Rep. Larry Gagne of Manchester, and Rep. Mark McLean of Manchester.

This outreach foreshadows how Cruz would appeal to the American people as a whole, should he win the nomination. He wouldn’t have to become more liberal, he would just have to give the libertarians what they want in fiscal areas, and maybe in national security.

Ted Cruz meets voters at a campaign event
Ted Cruz meets voters at a campaign event

Cruz also has a solid ground game that may make a difference.

The Daily Caller reports:

Former New Hampshire Republican Sen. Bob Smith, a Cruz campaign ally, expressed full confidence about the campaign’s ground game overcoming present poll expectations.

[…]“We’ve been ID’ing voters who are leaners, people who are not sure, and we’ve been knocking on thousands and thousands of doors for literally months and I’ll tell you it feels good out there.”

Smith says it is a tradition in New Hampshire to be on the ground and meet people. “And that’s what Cruz has been doing now for several weeks. I’ve been on the bus with him all this week and a week or so a go, he was up for another five-day bus trip,” he said.

“He was meeting two three four hundred people one night. 1300 people at stop after stop after stop. So he’s met thousands of voters here one on one,” said Smith.

[…]Cruz surrogate Steve Lonegan, a New Jersey Republican activist, agreed with Smith telling TheDC Saturday night, “It’s over a 100 people right now. I think we have more than any other candidate. Our headquarter phones are going non-stop. We’re setting up 40 satellite offices in people’s homes and around the state for election day to get out the vote. So this campaign is superb about building a grassroots movement and so we will outperform people’s expectations.”

The Cruz campaign’s volunteers include college students who often stay at the dormitories of Chester College, a now-closed school.

“I came up this Friday but I was up a couple of weekends ago, so I’m going to stay here until the primary,” said Kareena, a 19-year old student at the University of Rhode Island.

Kareena, like many of the students working on the campaign, are phone banking and door knocking for the first time on a political campaign.

[…]“We go door to door, and we have walk books for different cities in New Hampshire, so it’s really great. It’s incredible. You don’t have to carry around a bunch of papers and clip boards. So it’s really convenient,” she said.

Fellow Cruz volunteer Mary Brown, an 18-year-old from the University of Tulsa, also enjoys door knocks.

“It’s fun to see the different areas of New Hampshire. It’s kind of like phone banking. You get a lot of different answers. It’s kind of really exciting when you see someone with a Ted Cruz sign or Ted Cruz sticker,” she says.

I guess we’ll know tomorrow at this time how well this appeal to libertarians, coupled with this volunteer-driven ground game, worked out for Cruz. I’m hoping for third place, but it’s going to be tough. Kasich, Rubio and Bush have a lot of momentum.