nChrist
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« Reply #1 on: November 02, 2016, 04:32:54 PM » |
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________________________________________ The Patriot Post Digest 11-2-2016 From The Federalist Patriot Free Email Subscription ________________________________________
Clinton, who has spent her entire adult life in government, is so bereft of understanding regarding the fundamental tenets of the free market that she likely didn’t understand the contradictory clauses in her statement. Or she did, which is even worse.
First, government does not “invest.” Investing requires capital, and in a free market, capital is owned by individuals and businesses. Government does not have a single penny that it does not first confiscate from a private individual who earned it. And when Hillary talks about making the economy “fairer,” she means she wants government to pick winners and losers. Of course, there has to be some kind of system by which winners and losers are determined — like maybe, who donates to the Clinton Foundation?
In a true free market, the winners are those that are best able to allocate scarce resources in the most efficient way in order to meet the demands of the market. Those that innovate, who create goods and services that people want, are the ones who succeed. Those who are inefficient, wasteful, or who don’t recognize what the market wants, are the ones who fail.
Unless they have friends in government.
For decades, we have lived not so much in a free market as a quasi-capitalist/corporate socialism hybrid where small businesses and major corporations operate under different rules. Small businesses innovate, risk capital, and work tirelessly to bring new goods and services to the market, all while being forced to navigate through literally tens of thousands of pages of federal regulations, a byzantine tax code, and the heaviest tax burden in the industrialized world.
Big Business, on the other hand, can afford an army of lawyers and lobbyists to manipulate the system for their benefit. They can buy off politicians who in turn write special exemptions into the tax and regulatory code for them, and then the same politicians hypocritically rail against the exemptions they wrote, demanding an end to these “loopholes.” Small businesses, which create nearly two-thirds of all new jobs in America, and which account for nearly half of all private GDP growth, do not have that luxury, and find themselves crushed under the weight of government bureaucracy.
In the second debate, Hillary had the audacity to say, “We’ve got to provide some additional help to small businesses so that they can afford to provide health insurance.” Clinton has been a champion (godmother, even) of ObamaCare, which is a massive regulatory takeover of the U.S. health care system. Rather than “bend the cost curve down” as Barack Obama promised, it has caused premiums and deductibles to skyrocket, and millions of Americans lost their health insurance. Furthermore, it has forced small business owners across the country to freeze or reduce hiring, cut hours, and shift workers to part-time in order to avoid the more onerous, back-breaking provisions of the health care law.
In the third debate, Hillary claimed that she wants “to do more to help small business” but then, literally in the next sentence, said she wants to raise the minimum wage, which is nothing more than an additional tax on businesses, the levying of which raises their labor costs and reduces profitability, and even drives some businesses out of business altogether.
According to the 2016 Small Business and Priorities Survey, “unreasonable government regulations” is the second biggest worry of small business owners17 in America. The first? Rising health care costs.
Both of these are a direct result of the very kind of government interference in (or a takeover of) the free market that Clinton advocates. ObamaCare has crippled the health care market, driving up costs and increasing complexity. Likewise, the Obama administration has implemented, since Obama took the oath of office, a staggering 229 new “major” rules (rules expected to cost businesses and individuals at least $100 million in direct compliance costs), for a total of $107.7 billion in new regulatory costs.
That doesn’t even include the massive amount of new indirect costs, in the form of millions of man-hours to fill out federal compliance reports and forms, or the hiring of lawyers and accountants to make sure they don’t end up in jail for accidentally violating some arcane rule. There is also the hidden cost of the distortion this does to business planning, forcing companies to make decisions not based on what is best for the shareholders or employees, or what will sell best, but rather, what will keep them out of the crosshairs of government bureaucrats who often act arbitrarily and vindictively.
Frederick Douglass, the famous freed-slave, abolitionist and orator, once declared, “Everybody has asked the question… ‘What shall be done with the Negro?’ I have had but one answer from the beginning. Do nothing with us! Your doing with us has already played the mischief with us. Do nothing with us!”
The same, we dare say, should be applied to the free market. End burdensome taxation and slash regulations to only those absolutely necessary to protect the public from harm, a course which has shown immediate benefits18. And then keep government out of it, and let businesses thrive or crumble according to their entrepreneurialism and market demands. Government meddling has caused almost nothing but mischief.
MORE ANALYSIS FROM THE PATRIOT POST
Ecofascists Still Looking for Bogeymen19 — Exxon ordered to turn over 40 years of documents on climate.
OPINION IN BRIEF
Jonah Goldberg: “Clinton broke all kinds of protocol by setting up her stealth server and then lying about it not only in public but also, I would argue, to Congress. She broke protocol when her aides smashed phones with a hammer and erased emails — official government records — after they were subject to a congressional subpoena. Bill Clinton broke protocol when he met with Attorney General Loretta Lynch in secret while his wife was still under investigation by the FBI. Lynch, smarting from her breach of protocol with the former president, widened the breach by refusing to recuse herself and investing instead in the FBI director the authority to decide whether or not to prosecute Hillary Clinton. President Obama broke protocol when he told ‘60 Minutes’ that Clinton … did nothing to endanger national security long before the investigation was even concluded. And, of course, the Democratic Party broke not a formal protocol but one hell of a rule of thumb by nominating a woman who carries more baggage than the cargo hold of the Queen Mary. … That is what Clintons do. They do not care about the breach of protocol, only the reach of protocol. Everyone should be sticklers for the rules, except the Clintons and their henchmen.”
SHORT CUTS
Upright: “If some rich people can line the pockets of politicians to do their bidding at the expense of the rest of us, who’s to blame? I think it’s we, the people, who are to blame for not using our votes to run such politicians out of town — and that’s most of them. But that might be deceitful of us, for we also ask politicians to enable us to live at the expense of others.” —Walter Williams
Blame sexist pigs: “I want every man out there to kinda look inside yourself and ask yourself, if you’re having problems with this stuff, how much of it is that we’re just not used to it? So that, you know, when a guy is ambitious and out in the public arena and working hard, well, that’s okay, but when a woman suddenly does it, suddenly you’re all like, ‘Well, why’s she doing that?’” —Barack Obama stumping for Hillary Clinton
Alpha Jackass: “If you’re disrespect the Constitution by threatening to shut down the press when it doesn’t say things you like or threaten to throw your opponent in jail or discriminate against people of different faiths — if you do that before you are elected, then what are you gonna do when you have actual power to do those things?” —Barack Obama slamming Trump for the things Obama has done
Non Compos Mentis: “I’m here vouching for Mrs. Clinton, and I think it’s high time somebody did.” —Libertarian VP nominee Bill Weld
Hell hath frozen over: “Hillary Clinton made her secret email bed and she lied in it. Now she is paying the consequences and it may cost her the White House. She’s the one to blame, not James Comey.” —Piers Morgan
Late-night humor: “Hillary Clinton got quite a scare [Monday night]. I guess a trick-or-treater came to the door dressed as a lie detector.” —Jimmy Fallon
Semper Vigilans Fortis Paratus et Fidelis! Managing Editor Nate Jackson
Join us in daily prayer for our Patriots in uniform — Soldiers, Sailors, Airmen, Marines and Coast Guardsmen — standing in harm’s way in defense of Liberty, and for their families.
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