Hurry, November 2012

"We are afflicted with an administration that either doesn't understand the first thing about economic growth, or believes that it serves some higher purpose to suppress it. November 2012 can't come soon enough." - John Hinderaker, Powerline blog

Yes, It's Been Tried Before, But We're Expecting Different Results

From the post 'Unexpectedly' on the 'Powerline' blog:

"Why is it that after two years, bad economic news is still 'unexpected?'"

The post has a suggested reason:

"It's obviously going to be hard to achieve the unacknowledged goal of many mainstream journalists - the president's re-election - if the economic slump continues. So they characterize economic setbacks as unexpected, with the implication that there's still every reason to believe that, in Herbert Hoover's phrase, prosperity is just around the corner."

I think this is pretty good analysis. After the policies this administration has pursued and enacted, it shouldn't surprise anyone that there is bad economic news.

Yes, A Period of Consequences

I found this last summer but it is just as timely now as when I first saw it. The swell of evidence continues to pour in like water released from a dam after days of nonstop rain concerning the weakness of Obama. It is important to continue to resist his policies and to hang on until 2012 when we can elect an adult to the presidency, an adult who will be advised by adults.

I continue to hope there will not be irreparable harm done before then. An important, ye even chilling article.

The Economy Is Moving in the Wrong Direction

In an article by Lawrence Kudlow from Saturday Aug 7, he discusses the possibility that the Democrats controlling Congress will panic and may try to make something happen on the economic front before summer's end.

"Of course, Republicans will push harder to keep the Bush tax cuts for the wealthy - as they should. But Democrats are now trapped by Treasury man Tim Geithner's statements that extending low tax rates for successful earners, investors, and small businesses would actually imperil economic recovery. This is his war against investment and capital formation.

Maybe the Democratic revolt in favor of keeping all the Bush tax cuts will gather steam. But Democrats are more likely to push for greater spending than investment tax incentives. They'd rather take your money than let you keep it."

Remember this come November.

No more Democrats. Ever again. In my life.

It's Not The Market, It's The Response

A new book is on the way called Economics Do Not Lie: A Defense of the Free Market In A Time of Crisis cautions us to not abandon free market policies in times of economic distress.

A blurb from the cover:

During the current crisis, it’s crucial to recall the unprecedented benefits that free markets have brought to global economics. Since the public sector gave ground to market capitalism, beginning in the early 80s, the results have been breathtaking. The opening of economic borders and the promotion of free trade in Europe after 1990 contributed to the reconstruction of Eastern Europe and lifted 800 million people out of poverty across the globe.

HT: What's Best Next