Posts Tagged ‘economy’

Repudiate Obama’s Carbon Regulation Plans to Start Economic Recovery

March 4, 2009

Banking problems and “toxic assets” are major contributors to the ongoing decline in the stock market, but it is quite likely that investors took them into account last year. The 800 pound gorilla in the living room that nobody seems to want to talk about consists of Barack Obama’s agenda (per his State of the Union Address) to impose taxes on all fossil fuels, or require users of fossil fuels to buy carbon offset credits from the modern counterparts of medieval indulgence peddlers.

As long as this agenda continues to menace the United States, investors are rightly reluctant to invest in American manufacturing, transportation, and other energy-intensive sectors. If, however, enough Senators (including Democrats from coal-producing and manufacturing states) pledged to vote against and filibuster Obama’s cap-and-trade agenda, it would restore investor confidence, break the downward momentum of the stock market, and set the stage for an economic recovery. (more…)

Let the Grinch Have the Christmas Shopping Season

November 25, 2008

Retailers predict the economic equivalent of coal in their Christmas stockings. Who cares? As stated by Dr. Seuss’ Grinch, Christmas does not come from a store, and we encourage our readers to let the Grinch have Black Friday and the whole holiday shopping season. Young children can be taught the virtue of delayed gratification with the explanation that Santa Claus can bring them more if they wait until after Christmas. This is, of course, because the same amount of money can buy far more after Christmas.

Twenty or thirty years ago, there would have indeed been reason to care about holiday sales figures. The purchase of American-made goods would have enriched American workers and their employers, which would have in turn stimulated the American economy. The purchase of Chinese-made trash–and “trash” describes numerous personal experiences with it plus the well-known cases of poisoned pet food, contaminated heparin, and dangerous toys–stimulates China’s economy while it rewards importers for shipping American jobs offshore.

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