More evidence that our Great Experiment has failed. Great Experiment? - self-governance, the raison d’etre the Founders nominated for our Republic, ‘Is common man capable of governing himself?’ Today we have finally ‘educated’ our dumbest generation ever – the Millennials. These young people are now overwhelmingly ignorant of history, modes of governance, economics, and general American civics to a degree unmatched and unimaginable. For example, they seriously doubt that capitalism has been more beneficial to mankind than has collectivism, and are ready to demonstrate their credentials in the voting booth.
They care not a whit that the US today owes $122,000,000,000,000 which is more than the value of everything else we own that comes only to $121,000,000,000,000. And that unsustainable debt will explode as interest rates return to normal market levels. The proximal result is that all entitlements, from retirements to government healthcare, will simply end with the destruction of the dollar. Their own economic futures have been irredeemably pawned, and they have no clue.
Today there is clear indication that a majority of voting Americans have no idea that the protectionism promoted by both major candidates would make our country into an insular island of expensive labor and high priced goods/services that will be out of reach to most of our people. These people believe that government allocates capital better than the private sector, that economic decisions are not affected by tax rates, that wages can be raised by fiat without regard to productivity or value delivered by labor, and that the balance of risk and potential profits do not impact investment. Our union schools have purged it all from the minds of the most recent generation since the launch of President Johnson’s Great Society in 1965.
Whoever wins in November, America can never retreat from being a leading participant in global commerce. If it tries, chaos would ensue. More here from Dr Richard Haass of the Council on Foreign Relations. The only thing here is not to confuse the control of our borders with starting a trade war. With almost 40% of our workforce refusing to enter job markets, these to aspects of foreign and economic policy are totally independent issues. The Democrats continue to hitch ‘The Wall’ to trade isolationism because they can field no legitimate reason to oppose it in the context of a new immigration policy.
The Obama years. These years have literally NOTHING to show for them that has benefited the country. Obama was presented with an unprecedented opportunity in 2009 with a dominant Democrat Congress to soar like an eagle. The recession that was in full swing when he arrived was merely a superimposed boil on an otherwise healthy economy. And he could have shown what a rocket ride America could have in its recovery. Instead, he squandered the whole thing with an ideological disaster, a program we now call Obamacare.
On the face of it Obamacare, passed in the dead of night with only Democrat votes, was a road to ruin. Now years later all of what reasonable people could see (including on these pages) have come true, and much more sewage is in the pipeline for the country to swallow. The progressive central planners wrote into the legislation terms that would limit the profit margins of large insurers to 5% (remember progs believe they know how much profit is socially just) which turned away investment capital as predicted. Also predicted was that the only ones who want to buy Obamacare are the destitute already on the dole, and the deathly ill heading for the final round-up – not much profit in either cohort. Now insurers have already started pulling out of the states’ programs with Aetna being the latest to bail.
All of this goes to sustain the Rebane Doctrine tenet that progs are butt stupid when it comes to most aspects of governance, and that goes double for managing an economy. As further corroboration, we notice that in this campaign the progs are not highlighting any of the last eight years’ accomplishments, and are thankful that The Donald has been been equally stupid in reacting to their tweets designed to keep him off message. Can you imagine the shift in polls if Trump ever gets his sh!t together and goes after Crooked Hillary, the weakest and most shameful candidate the Democrats have fielded in memory? By comparison Jimmy Carter was a giant.
[11aug16 update] Nevada starts ending solar subsidies. Very little has been covered about that in the lamestream. Nevada taxpayers (through their utility company) finally said enough is enough. They’ve been putting up with this folly for 18 years and concluded that if that industry cannot sustain itself after all these years of state help, then it’s time to pull the plug (more here). However, the government tit has been so comfortably exercised for so long, that a sudden stoppage of the $16M annual cost is not in the cards; they’ll do it over a number of years. The econuts are, of course, screaming and demand at a minimum that the 17,000 subscribers to the scam be able to continue their artificially low rates. We’ll see how this bamboozle goes down with the rest of the Nevada’s taxpayers. In the meanwhile, other states (e.g. California) with similar programs have yet to come to their senses, and some are even planning to double down on the insanity.
Meanwhile, Marxist Maduro plans to further mangle Venezuela’s economy that is already down for the count. The tyrannical president and holder of western hemisphere’s functional idiot title will hire Spanish communist economist Alfredo Serrano (pictured) to come and help revise the country’s economy (more here). Serrano has diagnosed Venezuela’s problem as not having enough government control of the economy. These people are the heroes of America’s own progressives who can’t figure out how come it’s so hard to fix the economy when it’s so easy to double down on government control. Now isn't this guy exactly the type Obama needs to figure out why his nostrums haven't worked. Don’t expect the lamestream to cover this, or our liberal minded readers to rein in their over-worked crickets.
DOJ's Loretta Lynch will continue her AG job under Clinton. That appears to be enough of a reason to shut down FBI's investigation of the Clinton Foundation from which the latest emails draw a compelling corroboration of 'pay for play'. Yes sir, nothing to see here folks. Just keep it moving along. (more here)
[12aug16 update] Focus on farts. The Left outdoes Trump every single day in the sinister silliness they spread across the land. As the latest example, in California we have cow farts that progressives now want to regulate and police to meet the state’s GHG target for 2030 (more here). It seems that Bossie’s is the next source of methane that needs to be plugged. The econuts have put their crosshairs on destroying California’s dairy industry by drafting regulations that will make our milk and cheese prohibitively expensive, because fighting flatulence is fiscally frightful to dairy farmers many of whom have already planted their pastures with nut tree orchards. And from the lamestream we hear the sound of silence.