George Rebane
Tax rates have no effect on private sector spending and investments. Progressive shibboleth
The big news this morning (except in the lamestream) is that the US economy has grown markedly less than even the poor statistics we have been shown, and directly experienced, over the last years. The report from the Bureau of Economic Analysis revising the published GDP data concludes that we are witnessing an even weaker recovery than what has already been identified as “the worst recovery in seventy years” (only FDR's Great Depression recovery was worse overall, and that recovery required WW2 and the destruction of ALL of the developed economies thereby leaving us king of the hill. Mr President, what do you have in your wallet?)
I could put up any of a number of graphics that compare this loudly hyped ‘recovery’ from real recoveries in the past, but as RR readers, you’ve already seen them. The 31jul15 WSJ reports – “From 2011 through 2014, the economy grew at a paltry annual rate of 2%, down from the previous estimate of 2.3%.” In toto, since 2009 the economy has grown at an annual average of 2.1%, so the growth rate is not getting any better (more here). Progressives rejoice, you have achieved another notch of peerage with socialist Europe and the second-world countries.
Team Obama and the Dems own this ‘recovery’ lock, stock, and barrel. They have burdened the country with regulations, laws, taxes, rogue agencies, and about every other device available to sclerotic bureaucracies known to stifle initiative, entrepreneurship, and wealth creation. In the process, they have lowered job creation to levels that require the most ambitious regimens be brought to bear in order to put lipstick on the unemployment pig. Their draconian policies alone explain away the stagnation in wages. From the WSJ -
The slow-growth Obama era has given way to multiple explanations and excuses from the President’s economic advocates. They blame the hangover from the financial crisis (even six years later), foreign economic problems, the failure of government to spend and tax more, an aging population—anything but the policy differences between those previous eras and this one.
Leading lights on the left have even thrown up their hands to suggest we no longer really know what produces faster growth. Larry Summers calls it “secular stagnation,” as if it’s an illness we somehow caught. Others claim 2%-2.5% growth is about as good as we can now do, so get used to it—and keep interest rates at near-zero for as far as the eye can see.
(The numerate reader with pencil and back-of-envelope can quickly calculate that today’s celebrated 200K/month job growths don’t come close to the 300K/month jobs required to absorb population growth and indicate a real recovery. Until then, the fed’s Lying Machine may overheat pumping out ‘data’ to invite happy dancing in the streets.)
Today the nostrums promised by leading 2016 Democrat candidates all identify the business class as the greedy who are behind purposely reducing the buying power of their customers (yes, you read that right). And, of course, the Left’s heavily gruberized constituents respond in chorus with a mighty ‘Amen!’ when either Bernie, Lizzy, or Hillary mount the podium to repeat this mantra, the latter adding her latest lament about “quarterly capitalism” – which she promises to ‘correct’ as soon as she is elected.
The latest statements from the Democratic candidates confirm that, should one of them win, the best we can expect from any of them is Obamanomics 2.0 – that is, to double down on a demonstrable disaster. And should Bernie or Lizzy stand behind the presidential seal on 20 January 2017, then Katie bar the door – Newsweek can again run their ‘We Are All Socialists Now’ cover.
Planned (alternative to) Parenthood
George Rebane
[This is the transcript of my regular KVMR commentary aired on 29 July 2015. Later - a slightly edited version of this piece was published in 7aug15 issue of The Union and on its website here.]
By now we have all seen the videos of Planned Parenthood physicians at lunch enjoyably selling their wares into an apparently lively market of fetal body parts. The casual abandon evident in those conversations was one upped by the most recent release of a video made in a body parts lab where the staff displayed sampled remains of tiny humans ready for shipment (see nearby photo). Whether you’re for or against abortion, the new revelations of these dealings in purposely killed human flesh gives most of us pause, and perhaps asks us to re-examine what kind of industry have we created, and where such obviously callous treatment of human life can take us. First some background.
What, you ask, is really being aborted? We can all acknowledge that it is a pre-born human being who at 25 weeks into gestation has more than a 50-50 chance of surviving birth and growing into a normal adult. And by law, such premature infants are guaranteed the care they need to survive. Nevertheless, until 2003 Planned Parenthood and other private abortion clinics regularly performed partial birth abortions in which a viable baby was killed by mangling its brain with scissors or snipping its spinal cord while any part of it remained in the birth canal. Today it is still possible to kill a viable human in the same manner through an intra-uterine procedure – in short, you can circumvent the law by doing the deed before any legally defined components of the child are sticking out. Within these considerations it is up to each of us to define at what point in the gestation cycle, including the baby’s birth, does ‘fetal tissue’ become a human being.
Now we know that fetal tissue has been used beneficially for medical research for some decades, so that is not the issue here. Such tissue can be obtained from miscarriages and emergency abortions that sacrifice the child to save the mother’s life. No one is arguing that the use of tissues obtained from these fetal deaths should not be available for beneficial medical research. What we are considering is at what point in the development of a viable human being is it still legal to put it to death without due process. And what is the impact of that on today’s society, especially on the lives of the poor, and where is making abortion cheap and facile taking us as a society?
Today the careful crunching of babies is legal, and strongly motivated by both the profit motive and an encompassing government that seeks to inject itself into the most intimate parts of our lives. It is easy to see how profit motivates, but understanding government’s involvement requires digging a bit deeper. First, let’s dispense with notions like ‘Black lives matter’ – given the overwhelming murder of blacks by blacks, and that the share of abortions performed on poor black women, we know that black lives matter only in the rare cases when there are non-blacks involved in the death of a post-partum African-American. And in those cases it is obvious that another agenda is being promoted wherein such deaths, no matter their legitimacy, serve a useful purpose.
So where are we going as we demand that government pay for more and more of our daily upkeep? The more it does that, the more government claims a right to make decisions for the common good at the cost of denying the claims of any individual. How long until a subsequently diagnosed three-week old baby is put to death in order to save society the enormous cost of subsidizing its lifelong care, and spare its family the burden of giving such care? So for the common good, does it not serve a more noble purpose for Planned Parenthood to determine where best to crunch such infants so that their short lives can be of greatest benefit to us all?
My name is Rebane, and I also expand on this and related themes on georgerebane.com where the transcript of this commentary is posted with relevant links, and where such issues are debated extensively. However my views are not necessarily shared by KVMR. Thank you for listening.
[We close with a H/T to reader for alerting me to Ramirez whose cartoons say so much in so little space.]
Posted at 06:23 PM in Culture Comments, Current Affairs, Our Country | Permalink | Comments (135)
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