When a wise man debates the fool, the fool rages or laughs; and there is no rest.
From the fact that people are very different it follows that, if we treat them equally, the result must be inequality in their actual position, and that the only way to place them in an equal position would be to treat them differently. Equality before the law and material equality are therefore not only different but are in conflict with each other; and we can achieve either one or the other, but not both at the same time
-- F.A. Hayak
-- F.A. Hayak
Friday, October 12, 2012
Tuesday, October 9, 2012
Monday, October 8, 2012
The Obama Deficit Lie
The chart below (Congressional Budget Office) has scored the growth of deficits from the last years of the Clinton administration, all of the Bush administration, and the current Obama administration.
This chart demonstrates concretely that Obama's excuse for his gigantic deficits were Bush's spending in Iraq and Afghanistan. Obama's claim is patently and objectively false.
Here is the relevant timeline and the conclusions (click to enlarge):
This chart demonstrates concretely that Obama's excuse for his gigantic deficits were Bush's spending in Iraq and Afghanistan. Obama's claim is patently and objectively false.
Here is the relevant timeline and the conclusions (click to enlarge):
- In 2004 the deficit was $400 billion.
- In 2005 and 2006, when Republicans held two of the three branches of government, the deficit declined by 50%.
- In 2007 Democrats take control of both House and Senate and ramp up spending.
- At the end of 2008 the housing bubble breaks and Wall Street tanks. In response, Bush and the congressional Democrats pass the first stimulus bill and the deficit jumps to $400+ billion.
- In 2009, with all three branches of government firmly in Democrat control (a veto proof congress), spending skyrockets. At the end of 2009, the deficit ($1.3 trillion) is 3 times the highest deficit recorded by the Bush administration (2004 - $0.400 trillion).
- In 2011 the deficit remains stuck at $1.3 trillion.
- So far, 2012 shows a decline in the deficit to $1.1 trillion.
Wednesday, September 5, 2012
4 Million New Jobs Under Obama?
The Dems have been touting the creation of over 4 million "new" jobs since Obama took office.
First, I don't know from where these job numbers come and would appreciate knowing. The Bureau of Labor Statistics does not seem to have a statistic called "jobs", so I used the BLS Employment Tables instead.
So, how do Obama's three years stack up with Bush's?
Recall that, like President Obama, Bush inherited a recession. During the first year of Bush's term (2001), the economy lost 173 thousand jobs. During the first year of Obama's term, the economy lost 421 thousand jobs. The magnitude of this job loss reveals just how severe the recession was. No question. But, now things get really interesting.
By the end of Bush's first three years, the economy under Bush saw a net 1.64 million jobs recovered or created. By contrast, the economy under Obama lost a net 174 thousand jobs during his first three years in office. 1.64 million jobs created or restored under Bush compared to -0.174 million jobs lost under Obama.
If you want to run these numbers yourself, go to BLS Top Picks and check the employment level box.
First, I don't know from where these job numbers come and would appreciate knowing. The Bureau of Labor Statistics does not seem to have a statistic called "jobs", so I used the BLS Employment Tables instead.
So, how do Obama's three years stack up with Bush's?
Recall that, like President Obama, Bush inherited a recession. During the first year of Bush's term (2001), the economy lost 173 thousand jobs. During the first year of Obama's term, the economy lost 421 thousand jobs. The magnitude of this job loss reveals just how severe the recession was. No question. But, now things get really interesting.
By the end of Bush's first three years, the economy under Bush saw a net 1.64 million jobs recovered or created. By contrast, the economy under Obama lost a net 174 thousand jobs during his first three years in office. 1.64 million jobs created or restored under Bush compared to -0.174 million jobs lost under Obama.
If you want to run these numbers yourself, go to BLS Top Picks and check the employment level box.
Friday, August 24, 2012
Tuesday, August 21, 2012
Men: The 5 Rules of Happiness
I do not know whether this is true or not, but a man named Russell J. Larsen (pictured below) evidently won an award (postumously) for the "Coolest Headstone". On his headstone he had engraves the 5 rules of happiness for men:
- It's important to have a woman who helps at home, cooks from time to time, cleans up, and has a job.
- It's important to have a woman who can make you laugh.
- It's important to have a woman who you can trust, and doesn't lie to you.
- It's important to have a woman who is good in bed and likes to be with you.
- It is very, very important that these four women do not know each other or you could end up dead like me.
Tuesday, August 14, 2012
Democrats Who Have Praised Paul Ryan's Policies
In the video below, President Obama advances a serious response to Paul Ryan's Budget and, more specifically, Ryan's Medicare/Medicaid proposal.
This is the kind of policy discussion we should be having. I like the tone and I like the clarity of argument. It's more than disheartening that this video is only interesting because it stands completely alone among the responses from the Left.
Well, maybe the last sentence above is a little extreme. Here is a list of 7 other prominent Democrats who have praised Paul Ryan for his policy proposals:
This is the kind of policy discussion we should be having. I like the tone and I like the clarity of argument. It's more than disheartening that this video is only interesting because it stands completely alone among the responses from the Left.
Well, maybe the last sentence above is a little extreme. Here is a list of 7 other prominent Democrats who have praised Paul Ryan for his policy proposals:
- Sen. Ron Wyden (Ore)
- Erskine Bowles, architect and co-chair of President Obama's deficit commision.
- Rep. Dan Boren (Okla.)
- Sen. Dick Durbin (Ill.)
- Sen. Joe Lieberman (Conn.)
- President Bill Clinton
Labels:
2012 Campaign,
Obama,
Paul Ryan
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