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Subsidies

The Craziness of the Auto Bailout

Tonight, the U.S. House of Representatives voted 237-170 to use taxpayers funds for a downpayment on a recovery program for the failing auto industry. Alabama’s US Senator Richard Shelby is leading the opposition to the bailout. Shelby declares that the total cost of the bailout will easily exceed $100 billion. The late Samuel Francis often quipped that the United States has two political parties: the Evil Party and the Stupid Party. Occasionally, you see a true bi-partisan effort and you can count on that bi-partisanship involving both evil and stupidity.

Bush = Hoover 2.0, Part 2 - “Hoover’s Socialism”

But not because of the reasons you may believe
Part I - “The False Claims” - Can be found HERE

Labor Market Intervention

Within a month of the peak of the stock market in September 1929, President Hoover began a campaign of coordination between industry and government that is still seen today. He was under the belief that falling wages would exacerbate the coming recession and that they must be held steady in order to preserve purchasing power.

The Failed Daschle Nomination and the Obama Health Care Agenda

Recent in the news has been former Senator Tom Daschle’s withdrawal of his nomination as Secretary of Health and Human Services, along with President Obama’s additional nomination of him to a newly-concocted post of “White House Health Czar” (isn’t it interesting how increasingly popular the term “czar” has become in the government lexicon as of late?). The main issue that brought Daschle’s nomination down was his failure to pay more than $128,000 in taxes from 2005 to 2007 (which he ended up doing last month in the form of back taxes with nearly $12,000 in interest). Naturally this raised once again the whole matter of double standards over such matters, one for government officials (and others in positions of power or privilege), and another for everyone else. The President seemed finally to recognize that such a double standard would not serve him well, after noticing a disturbing pattern among a few of his other nominees.

How Agriculture Subsidies Distort Food Prices

Note: This is a revision of a previous article that was entitled “Falling Prices: Why is Food Not Part of This Trend?”. The author has made the revisions to reflect the fact that crop commodities are in fact deflating, while maintaining that agriculture subsidies did in fact play a role in pushing the prices artificially high, prior to the current correction.

Obama to Roll Back Oil Subsidies?

According to Talking Points Memo, an Obama team spokesperson has reaffirmed that the administration would take on petro-interests:

A spokesperson for the Obama transition team is reaffirming the President-elect’s commitment to rolling back the subsidies that oil companies enjoy, confirming that Obama’s campaign promise on this score is still fully operative.

“Yes,” replied Obama transition team spokesperson Nick Shapiro, when we asked him whether Obama remained committed to rolling back the oil company subsidies.

A President’s Agenda for the First 100 Days

It is natural, in an age of bailouts and government intervention, to denounce the actions being taken “for our own good” by the President and Congress, and write at length about what we shouldn’t be doing. It is my view that people look entirely too much to the government in general and the President in particular to solve problems and fix things. However, with the prevelance of that mindset, I would like to submit some ideas, for a change of pace, about what positive things a new President of the United States could and should do, given how little power under the Constitution the President has to make bold changes in policy. We can call this “what I would do if I were the new President”.

Bush = Hoover 2.0, Part 3 - “Bush’s Parallels to Hoover”

But not because of the reasons you may believe

Part I - “The False Claims” can be found HERE.

Part II - “Hoover’s Socialism” can be found HERE.

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