Thomas Sowell

Current Job Market for Teens is the Toughest on Record

Thomas Sowell used his latest piece to address a common misconception regarding the left’s avowed concern for minorities. In his column, the renowned economist pointed out that the educational policies pursued by the left in the name of the poor and the minorities often hurt those they claim to protect.

The same can be said about other policies pursued by Democrats who tend to defend that more interventionism will undoubtedly lead to more opportunities for the poor, the young and the minorities.

According to a Brookings Institute study, teens have been having a harder time finding jobs in recent years. In 2000, research shows that 45% of teens in the U.S. had jobs, now only 26% of teens aged 16 to 19 are employed.

Researchers used Department of Labor and Census data to track youth employment among the 100 largest metro areas in the country. The study shows that 1.8 million teens are either actively looking for a job but are unable to get one or they have part-time jobs, whereas they’d prefer to obtain full-time employment instead. The study refers to this pattern as “underutilization,” which means that teens are not satisfied or financially stable to focus solely on school.

In other words, more teens need to work but are unable to find work.

A Single-Payer Health Care System Would Put Us in More Debt

spending

When Sen. Bernie Sanders (D-VT) suggested that a single-payer system is the “cure for America’s ailing health care,” he suggested that ObamaCare was a small step in comparison to the reform he envisions. And what would this reform be, you ask.

The subsidized program that places the health care monopoly in the hands of the government.

Thomas Sowell pointed out that the reason why the single-payer system still sounds appealing to some is that people are being fooled into thinking that they are getting something for nothing. Health care at no cost for every single American, subsidized by taxpayer dollars is their goal, and the ObamaCare failure might be just the type of blessing that Congress is looking for.

But before we continue, have you ever asked yourself whether single-payer system supporters understand or even realize that subsidized health care is not free?

According to a report released by the National Taxpayers Union Foundation, during 113th Congress’ first six months, some lawmakers have been much more interested in pushing for the singe-payer health care system than introducing budget cuts. All legislation introduced during the first six months in both the House and the Senate would increase spending by $1.74 trillion. Cuts introduced by Congress would only amount to $453 billion.

Church-Burning Thugs and other Liberal Intolerance

For all their demands for tolerance, no group in America is more intolerant than the political left. It is not enough to simply debate issues on the merits; no, statist liberals use every weapon at their disposal to crush dissenting voices, including political correctness orthodoxy, badgering by the media, outright bullying by leftist mobs, and of course, government force.

This is not tolerance, this is tyranny.

At a time when leftist Democrats have had near-total control of government for half a decade, with trillions and trillions of deficit dollars spent on their core policies and programs, Democrats are panicked because the American people are seeing clearly the epic failure of the liberal agenda. Add to that the disastrous health care law which gets worse with each passing day, and Obama’s approval ratings are dropping faster than Bill Clinton’s pants in a roomful of interns.

So what to do when you’ve had total control, with nothing but a long line of failures in your wake? Why, you attack your opposition as racists, hate-mongers, xenophobes, and in general, as people who are so evil that it is a moral offense even to listen to anything they have to say. Why debate the message when you can destroy the messenger?

To those who don’t keep up with current events (outside of which Kardashian sister is sleeping with whom, or the depths of skankification to which Miley Cyrus has descended) this might sound hyperbolic and overblown. However, there are myriad examples from which to peruse, and these are just a few.

Few places in America can claim to be more liberal than the campuses of the various institutions of the University of California system. Here “diversity” is considered among the highest virtues unless, of course, you are a pro-life conservative.

Thomas Sowell: Minimum Wage Hurts Black Workers

Thomas Sowell

Thomas Sowell, a renowned free market economist and author, recently talked about his new book, Intellectuals and Race, in an appearance on Fox News. During the interview, Sowell, who is an African-American, told Tucker Carlson that minimum wage laws have hurt black workers:

In an appearance on Fox News Channel’s “Hannity” with fill-in host and Daily Caller editor in chief Tucker Carlson, author Thomas Sowell argued that the federal minimum wage law has been used to undermine companies that employ blacks.

In the fourth quarter of 2012, the black unemployment rate was more than double the rate for whites. But prior to the 1930s, Sowell said, black unemployment was actually lower than white unemployment.

“What changed was the government intervention into the labor market,” Sowell said. “1930 was the last year in which there was no federal minimum wage. They brought in the Davis Bacon Act.”

Thomas Sowell on Tim Pawlenty

While Tim Pawlenty is being raked over the coals by commentators for declining to go after Mitt Romney on his disastrous health insurance reform bill that eventually became a blueprint for Obama, Thomas Sowell seems to like what he sees in the former Governor of Minnesota:

Tim Pawlenty cites his track record to back up his statements. That includes reducing Ethanol subsidies when he was governor of Minnesota and cutting the growth of state government spending from just over 20 percent a year to under 2 percent a year.

Governor Pawlenty fought Minnesota’s transit unions over runaway pensions and hung tough during a long strike. “Today,” he says, “we have a transit system that gives commuters a ride, without taking the taxpayers for a ride.”

Some fear that Governor Pawlenty doesn’t have the charisma and fireworks rhetoric that they would like to see in a candidate. Charisma and rhetoric are what gave us the current disastrous administration in Washington. Charisma and rhetoric gave people in other countries even bigger disasters, up to and including Hitler.

Politicians and the media may want a candidate with verbal fireworks but the people want jobs. As Tim Pawlenty put it: “Fluffy promises of hope and change don’t buy our groceries, make our mortgage payments, put gas in our cars, or pay for our children’s clothes.”

The only flaw in Sowell’s argument is that voters, including the conservative base of the Republican Party, tend to flock to candidates that build up a cult of personality.

Sowell knocks the Federal Reserve

Thomas Sowell, an economist and senior fellow at the Hoover Institution, takes a shot across the bow of the Federal Reserve in his latest column:

When the Federal Reserve System started creating hundreds of billions of dollars out of thin air, they called it “quantitative easing” of the money supply.

When that didn’t work, they created more money and called it “quantitative easing 2” or “QE2,” instead of saying: “We are going to print more dollars— and hope it works this time.” But there is already plenty of money sitting around idle in banks and businesses.

The policies of this administration make it risky to lend money, with Washington politicians coming up with one reason after another why borrowers shouldn’t have to pay it back when it is due, or perhaps not pay it all back at all. That’s called “loan modification” or various other fancy names for welching on debts. Is it surprising that lenders have become reluctant to lend?

Private businesses have amassed record amounts of cash, which they could use to hire more people— if this administration were not generating vast amounts of uncertainty about what the costs are going to be for ObamaCare, among other unpredictable employer costs, from a government heedless or hostile toward business.

As a result, it is often cheaper or less risky for employers to work the existing employees overtime, or to hire temporary workers, who are not eligible for employee benefits. But lack of money is not the problem.

Those who are true believers in the old-time Keynesian economic religion will always say that the only reason creating more money hasn’t worked is because there has not yet been enough money created. To them, if QE2 hasn’t worked, then we need QE3. And if that doesn’t work, then we will need QE4, etc.


The views and opinions expressed by individual authors are not necessarily those of other authors, advertisers, developers or editors at United Liberty.