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The Patriot Post Brief 09-08
From The Federalist Patriot
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____________________________ FOR THE RECORD"Not all jobs are created equal. Valuable jobs provide products and services the free market supports; useless jobs provide products and services the free market would not support. Valuable jobs provide products and services that enrich quality of life, making it cheaper to live better; useless jobs provide products and services that have minor impact on quality of life. Here's the magic of private sector jobs. Imagine Bill owns a fruit stand. He sells his fruit for $2 per pound. Herman sees that Bill is doing well, and decides to open a fruit stand of his own. He figures he can undercut Bill and live on less of a profit margin, so he sells his fruit at $1 per pound. Pretty soon, Herman runs Bill out of business. It's tough for Bill. But meanwhile, customers are spending $1 less for their fruit than they were. They're spending that extra money at Bob's clothing store, keeping Bob employed -- and Bob can now hire Bill. The bottom line is this: The power of free enterprise creates competition that raises production, lowers prices, and makes lives better for consumers and producers. And that's true even if employment declines in the fruit stand business." --columnist Ben Shapiro
LIBERTY"What is the driving force that explains how millions of people manage to cooperate to get 60,000 different items to your supermarket? Most of them don't give a hoot about you and me, some of them might hate Americans, but they serve us well and they do so voluntarily. The bottom line motivation for the cooperation is people are in it for themselves; they want more profits, wages, interest and rent, or to use today's silly talk -- people are greedy. Adam Smith, the father of economics, captured the essence of this wonderful human cooperation when he said, 'He (the businessman) generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. ... He intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain.' Adam Smith continues, 'He is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. ... By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it.' And later he adds, 'It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.' If you have doubts about Adam Smith's prediction, ask yourself which areas of our lives are we the most satisfied and those with most complaints. Would they be profit motivated arenas such supermarkets, video or clothing stores, or be nonprofit motivated government-operated arenas such as public schools, postal delivery or motor vehicle registration? By the way, how many of you would be in favor of Congress running our supermarkets?" --George Mason University economics professor Walter E. Williams
LETTERS TO THE EDITOR(To submit reader comments visit our Letters to the Editor page.)
"Mark Alexander ended his essay, 'Obama vs. Reagan,' by saying, '...or another unpleasantry like that one begun in 1776, the discussion of which has now entered mainstream conversations, albeit at a whisper.' Let me be one of the first to speak above a whisper. The United States, as a federal republic, and our beloved Constitution are dead, and they cannot be easily restored under current conditions. In my humble opinion, I think the U.S. died when Clinton's thugs ripped Elian Gonzales from Liberty's arms at gunpoint and sent him back to a gulag, and the body has just been twitching ever since. With Obama and his Leftists now firmly in control, the body isn't even twitching anymore, and it's now being buried. 'That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government...' When and where does the next Continental Congress meet? I'm there, and I'm serious." --Odenton, Maryland
"Obama and Democrats (with way too many complicit Republicans) have fostered a covetous mentality in the USA. It has morphed from jealousy to envy. People have gone beyond just wanting what others have worked and planned for to the politicians devising more ways to take away other's wealth to give to envious people. Many things come to mind, but these two about says it all! The 10th Commandment: You shall not covet anything that belongs to your neighbor. The 8th: You shall not steal." --Smyrna, Tennessee
THE LAST WORD"There is far more to fear from this administration than its amateurism in governing. The urgency with which it has rushed through a monumental spending bill, whose actual spending will not be completed even after 2010, ought to set off alarm bells among those who are not in thrall to the euphoria of Obama's presidency. The urgency was real, even if the reason given was phony. President Obama's chief of staff, Rahm Emanuel, let slip a valuable clue when he said that a crisis should not go to waste, that a crisis is an opportunity to do things that you could not do otherwise. Think about the utter cynicism of that. During a crisis, a panicked public will let you get away with things you couldn't get away with otherwise. A corollary of that is that you had better act quickly while the crisis is at hand, without Congressional hearings or public debates about what you are doing. Above all, you must act before the economy begins to recover on its own. The party line is that the market has failed so disastrously that only the government can save us. It is proclaimed in Washington and echoed in the media. The last thing the administration can risk is delay that could allow the market to begin recovering on its own. That would undermine, if not destroy, a golden opportunity to restructure the American economy in ways that would allow politicians to micro-manage other sectors of the economy the way they have micro-managed the housing market into disaster." --Hoover Institution economist Thomas Sowell
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Veritas vos Liberabit -- Semper Vigilo, Fortis, Paratus, et Fidelis! Mark Alexander, Publisher, for The Patriot's editors and staff.
(Please pray for our Patriot Armed Forces standing in harm's way around the world, and for their families -- especially families of those fallen Soldiers, Sailors, Airmen, Marines and Coast Guardsmen, who granted their lives in defense of American liberty.)