Archive for the ‘Blog’ Category

Romney OpEd on jobs

Wednesday, August 18th, 2010

Governor Mitt Romney walks through his plan to encourage businesses to start hiring in his OpEd in the Boston Globe, and he isn’t talking about a new government program. As a businessman, he understands that cutting taxes and spending, promoting exports and a long term energy strategy that reduces our dependence on foreign energy is the best way to stimulate job growth. Today, unemployment in Missouri is holding steady at 9.2%. The government stimulus plans have created a huge debt and actually reduced economic growth by undermining confidence.

American’s can be optimistic again

Monday, August 16th, 2010

With all due respect, the Wall Street Journal OpEd “The end of American Optimism” – which accurately sums up the condition of the economy – wrongly tends to blame mysterious “structural” issues rather than the government for our current problems, just as Jimmy Carter blamed a “national malaise” in 1979 for the failures of his Administration.

What the government needs to do is not all that difficult to figure out. As a beginning: Stop spending so much money. Don’t raise taxes. Repeal the health care bill, and declare a moratorium on new regulations that impose greater burdens and uncertainty on the economy.

To be sure, America faces long term challenges in areas like education. But right now, the problem is the federal government. Once the private sector becomes convinced that the government will actually stop attacking the free market, the private sector will once again begin hiring.

When Ronald Reagan was campaigning for President, he said the following. “A recession is when your neighbor loses his job. A depression is when you lose your job. And a recovery is when Jimmy Carter loses his job.” And so it proved.

Steve Wynn is right to be frustrated

Monday, August 16th, 2010

Businessman and Las Vegas developer, Steve Wynn expresses the sentiments of American business owners of all sizes in this interview with CNBC. He will be expanding his operations overseas because he believes that China is more stable and certain than US considering the job killing the policies coming out of Washington.

You can sense the frustration in his voice.

Power struggle between the people and the White House

Tuesday, August 10th, 2010

While the health care bill was being considered by Congress, voters had serious concerns over the affordability of the legislation and its impact on Medicare and existing health care coverage.   The President never honestly addressed those concerns.  He insisted that the bill would not increase the deficit, though it will, that Medicare will not be adversely affected, though that will surely happen, and that people could keep their existing health insurance, when for millions of Americans that is plainly not true.  I predicted at the time that if the President did not abandon the bill or address the concerns, the debate over health care  would turn into a power struggle between the electorate and  the White House.

In my experience, voters can respect political officials who disagree with them, if there is an honest dialogue and if the public at least understands and trusts the reason for whatever action it does not like.  That dialogue has not occurred, and voters are now beginning to assert their  authority.  The public – and particularly independent voters — will tolerate disagreement, but  will not tolerate arrogance thinly masked by deception.  Whether the White House chooses to admit it or not, it is in the middle of a political and governance crisis that was not only foreseeable but inevitable – and was in every respect self inflicted.

Prosperity depends on healthy free markets

Monday, August 2nd, 2010

John Chettle’s piece in the Weekly Standard absolutely says it all.  The President’s mistakes all stem from two things.  First, he has the wrong orientation towards economics.  He believes – quite sincerely but wrongly – that free markets are the problem and that unless they are minutely controlled by Washington they will do bad things to America.  Second – and this is where he differs from other liberal Democrats like Hillary Clinton – he is not experienced enough to be willing to question his ideology when it conflicts with reality.  A wiser leader would know not to have tried the current policies in the first place.  A more experienced leader would be open to the obvious reality that the policies are failing and in fact have become the problem.  So the President continues to do the wrong things in the worst possible way:  to burden the economy with taxes and regulations and to impose the taxes and regulations with so much uncertainty that business people literally do now know how to plan for the future.

All of this would be interesting if it were just an academic exercise.   But it’s not.  It’s hurting people, and of course people who were most vulnerable in the first place are in the greatest danger now.

Moving forward, it will be necessary to reverse these policies but also to discredit them.  The objective must be to restore the bipartisan consensus – which the President has disrupted – that prosperity is essential to everyone’s agenda, that prosperity depends on healthy free markets, and that the government must therefore respect the private economy.

Still out of touch

Wednesday, July 28th, 2010
Again, the President gives us reason to believe that he is out of touch with reality.  Even the Democratic leaders on Capitol Hill have come to understand that a climate bill would devastate job creation in our current fragile economy, but the President says he’ll keep pushing for a climate bill.  Potential climate legislation only adds to the uncertainty currently in the market place – it is this uncertainty that paralyses economic growth and job creation.  Businesses are not going to grow, expand and hire new employees if they aren’t sure what the rules and regulations of their industry will be.

“Dealergate”

Wednesday, July 21st, 2010

The Obama administration has repeatedly inserted itself into the management of private companies.  Earlier this week, the inspector general’s office released a report on the handling of dealer closures by the “car czar” – no surprise the IG report illustrates an incompetence and failure of the government to understand the full impact of these closures.  In fact, according to the IG, “Treasury made a series of decisions that may have substantially contributed to the accelerated shuttering of thousands of small businesses and thereby potentially adding tens of thousands of workers to the already lengthy unemployment rolls.”  Their own policies are contributing to the economic downturn.


China becomes world’s biggest energy consumer

Tuesday, July 20th, 2010

China views economic growth (and therefore energy consumption) as a regime stability issue. It’s no surprise that they are the number one consumer of power. Now, consider this in terms of US economic growth. Why are leaders in Congress considering cap and trade proposals that would ultimately kill American jobs?

Competition in health care

Thursday, July 15th, 2010

On Tuesday, 475 seniors packed into Orlando’s in South County to discuss the impact of the new health law on their coverage. One point that emerged was that the new law will be administered by Dr. Donald Berwick – a recess appointment by President Obama to head the Center for Medicare and Medicaid Services. You should take the time to read a few of his quotes included in this WSJ editorial. I’ll warn you, if you support competition in health care, these quotes are frightening.

Tax Cuts and the Deficit Myth

Wednesday, July 14th, 2010

The current leaders in Washington are not capable of grasping reality.  Face the facts: increased government spending has created the current catastrophic debt.  Heritage Foundation’s Brian Reidl makes a great case in the Wall Street Journal.