Chicago Boyz

                 
 
 
What Are Chicago Boyz Readers Reading?
 

 
  •   Enter your email to be notified of new posts:
    Loading
  •   Problem? Question?
  •   Contact Authors:

  • Blog Posts (RSS 2.0)
  • Blog Posts (Atom 0.3)
  • Incoming Links
  • Recent Comments

    • Loading...
  • Authors

  • Notable Discussions

  • Recent Posts

  • Blogroll

  • Categories

  • Archives

  • Archive for the 'Politics' Category

    Saving Our Democracy: The Second Trump Impeachment

    Posted by Kevin Villani on 16th February 2021 (All posts by )

    As with the first, all Democratic members of the House of Representatives argue that it is their Constitutional duty to impeach former President Trump a second time to “save our democracy.” That’s the rallying cry heard often during the Trump term, particularly in response to those who suggested a desire that election irregularities be investigated. This is surprising for two reasons. First, the Founding documents are restrictive – limiting political action – rather than proscriptive, requiring political action. Second, progressive democrats have chafed at these restrictions for over a century. With the battle over the Trump Supreme Court nominees still fresh, what explains this new found reverence to the Founding Documents. . .

    [To read the doc, scroll in the box or click the arrow in the upper right corner to expand it.]

    Posted in Current Events, Leftism, Politics | 4 Comments »

    Back Stories and Suicides

    Posted by Ginny on 7th February 2021 (All posts by )

    Today, a friend complained of the death of a young man in Portland, of the heart rending interview of his father on Hannity. Some deaths are memorialized, mourned and others disappear from the headlines. Deaths in gang shootings in Chicago of toddlers are given less attention than those of victims of drug overdose in police custody. Not surprisingly, ceremonial ritual respect is given to a police officer killed in defense of the capitol, while the family of a young veteran, a woman whose business was destroyed by the covid lock down, is not. One an “insurrectionist”, the other a defender. Antigone might understand the distinction, if lamenting it. Creon certainly would. Another woman is trampled. Medical emergencies happen. Chaos.

    Later, suicides. Of those we speak softly, negation of life hard for strangers and even harder for families. I knew a mother who spent years denying her son was dead – long after she had buried him.

    For three suicides following the 6th, we ask, as we always do of these, why? We wonder about a back story? Would it help us understand the fences about the capitol, the vitriol of the impeachment?

    One was a rioter, a middle aged man, an officer in a bank, who had been charged by the police. Given the “everyone is an insurrectionist” rhetoric, being charged would make life difficult and being convicted? The proportions of why and what he did – and why and what was said, was charged – were important to him and might well be to us.

    Then, the two suicides of defenders, one of a Capitol policeman and the other in the Washington force. They had their reasons – but are they ones we need to understand as citizens or only as sympathizers? Policemen are often of an honor culture who feel keenly their responsibility to protect. A friend posited another reason: resignations and firings are likely (though responsibility for inadequate preparation does not appeared to be the fault of the police but rather of politicians – seldom members of an honor culture). My friend observed that when the airline for whom her husband had piloted for decades went into bankruptcy (along with their pension fund), several pilots committed suicide. Middle aged, they were unlikely to find work of the same kind and pay; they had (according to the financial planner who served the group) chosen to leave their families in a stronger financial place than the coming bankruptcy would. The planner’s responsibility was to ensure those wishes were fulfilled. (She clearly was glad her husband had not chosen that path although 15 years later they have not yet received the appropriate pension.) Protecting family, protecting reputation – those are motives. Most suicides are prompted (if partially) by clinical depression. Back stories can be sad, but need not be, really, our business. But, given the political machinations before and after that day, the back stories might be telling.

    This isn’t much of a post – I hope the comments are more substantive than it is.

    Some newsy discussions:
    For one, such responsibility was inherited – see CNN for what it is worth.
    And Politico gives both officer’s names.
    NBC gives details.

    2/8 – Adding links
    Banker
    Another on him
    The Financial Planner gives more information about Georgia’s employment; apparently he’d spent decades in finance and the order was because he had not “dispersed” when asked to by police. The difference between these arrests and those 4 years ago that protested Trump’s inauguration are telling and are not so much apples and oranges as some contend.

    Posted in Current Events, Elections, Law, Law Enforcement, Politics, Society, Terrorism, The Press, USA | 54 Comments »

    First, clear the stage for a one party state

    Posted by Ginny on 5th February 2021 (All posts by )

    In August, I posted an old Firing Line with Richard Pipes. Before Buckley and Pipes discussed particulars, Kinsley summed up Pipes’ argument that the Russian revolution was arguably the most important event of the 20th century, setting a pattern copied by Hitler, Mao, etc. and unfortunately etc. First, clear the stage for a one party state, then give omnipotent power within the state to the political police, and finally enforce that power with deadly terror and “re-education” camps.

    Now, a couple of elections and more months of Covid, we seem farther down the path. The “political police” with help from the tech giants have made almost everything political and then started pruning, “cancelling.” Standing our military down to facilitate self-inspection and self-awareness training, fear-mongering about white nationalist extremists all intensify “white fragility” courses. The mainstream news celebrates the appropriateness of Biden’s speech at the Prayer Breakfast, but to others his speech of dark times and enemies within is worrisome. By “within,” despite the occasion, he didn’t mean ever present temptation but rather the “other” – white nationalist insurrectionists. Re-education for that “other,” re-education in the 1619 project, in federal fragility workshops, and now, the military, standing down to spend time in self-flagellation.

    Tight-knit associations of family or interests or faiths keep total politicization at bay as does our tradition, “Don’t tread on me” flags remain in many homes. Independence is stronger in red states. Still. That televised discussion from decades ago moved in the back of my head this fall: the election came, Covid waxed and waned, and I wondered if Republicans could ever win elections with new rules, new states, new judges. We were, it is clear, the brush to be cleared away and not the ruler in the one-party state. My fears may be hyperbolic. I hope and in my calmer moments think so. But then we need frustrate the Democrat’s dream.

    And that means, as some of the sharper knives in the Congressional drawer have noted, making election laws clear and just.
    Read the rest of this entry »

    Posted in Anglosphere, Current Events, Elections, Politics, Tradeoffs | 26 Comments »

    An Amateur Observer Sums Up

    Posted by Ginny on 21st January 2021 (All posts by )

    Pundits describe a fractured Republican party: the cult of Trump versus policy conservatives. This narrative compounds wishful thinking with ignorance of life outside the beltway, but has some truth. Trump, some say, is considering nurturing a third party.

    The Republican establishment thinks they are more Republican than the Trumpists and have decades of battle scars to prove it. But they need him – whether he runs again or campaigns for others or is a strong voice. But for him the structural support of a party with a century and a half’s institutional memory can be helpful; most voted consistently with him. When Biden swears in 1000 appointees before his first full day in office, I worry that any Republican splits weaken a future Republican president’s hand. It is true that some of Trump’s best bets were ones the establishment would never have considered, but it is also true minor posts took a long time to fill.

    The Trumpists need to accept that all of the people pulling back are not the sorry excuses for Republicans of the Lincoln Project, though they may not want to share a foxhole with them. Trump could have handled the last two months better and in not doing so, he irritated some, like McConnell, left to pick up the pieces. McConnell may be a Rino but he got those appointments through because he knew what he was doing. However, the establishment needs to remember, Trump nominated and backed them, their strengths came from their abilities rather than political resumes.

    The establishment needs to be honest with itself. For decades the party promised and didn’t deliver, risks weren’t taken. They must acknowledge where Trump’s strength lay – at least in terms of the people I read, the people I know. It was policies. His actions – and boy did he act – in a Republican tradition. A good many people first voted for Trump as the better of two bad choices and came to see him as a transformative president. Some that hadn’t in 2016 said they’d crawl over broken glass to vote for him in 2020. Sure, some found him offensive, some had buyer’s remorse. He engendered turmoil and tension, though often in response to the wolves that circled him. (A baying that hasn’t stilled as he leaves the White House.) A resonant fact, however, is that many more voted for him in 2020 than in 2016. And the reason for most was, I suspect, what he’d done. Whether or why he lost, with 74 million votes he’s a force.

    He was volatile and transparent. He wounded and was wounded. We winced at ad hominem attacks on his staff. He entertained. We were used to laconic heroes, but here was a man of action but also of emotional responses. But the four years – how and what he accomplished, the assumptions that made of his tenure a coherent whole – embodied instincts true to human nature and its potential. And that whole was conservative, American conservative.

    He seemed to possess endless energy to push back while striding forward, he persevered. And his focus was on what counted: internationally, improving the United States’ ability to respond quickly and forcefully, to expand its frontiers; domestically, reducing the government’s (especially the national government’s) impositions and cleansing the unAmerican doctrines of tribalism parading as political correctness. In doing so, he implicitly respected his constituents. Are these not what they wanted, had wanted?
    Read the rest of this entry »

    Posted in Americas, Big Government, Conservatism, National Security, Political Philosophy, Politics, Trump | 79 Comments »

    Only on Bended Knee Should You Address Us

    Posted by Ginny on 14th January 2021 (All posts by )

    Our betters on the left can’t seem to distinguish between reading 1984 as dystopia or guidebook. That doesn’t mean they didn’t learn something, though more probably from the communism that so rightly disturbed Orwell.

    Hannity can be irritating, but today his response to the impeachment seemed correct – that he (and the right in general) were not invested, interested in the impeachment. It seemed little different from every other political subversion of Trump’s presidency. And with only days left, it also seems silly. The left’s apparent motives are, nonetheless, maddening. Read the rest of this entry »

    Posted in Americas, Big Government, Current Events, Politics, Trump | 40 Comments »

    Smashing the State

    Posted by Jay Manifold on 9th January 2021 (All posts by )

    There won’t be any surprises in this one for anyone who knows me at all well, but I’ll try to at least make it entertaining.

    My very first lasting memory of a news event with political content took place on the afternoon of Sunday 21 January 1968. A B-52 with four hydrogen bombs aboard took off from Thule AFB and crashed somewhere in the Arctic, location unknown.
    Ten days later, the Tet Offensive began.
    Nine weeks and one day after that, Dr King was assassinated.
    Nine weeks less one day after that, Bobby Kennedy was assassinated.
    Twelve weeks to the day after that, I first saw real human blood shed live on television via cameras above the intersection of Michigan and Balbo as the Chicago police attacked demonstrators during the Democratic National Convention.

    I was eight years old.

    Read the rest of this entry »

    Posted in Anti-Americanism, Big Government, Book Notes, Chicagoania, Christianity, Civil Liberties, Civil Society, COVID-19, Current Events, Health Care, Human Behavior, Law Enforcement, Leftism, Libertarianism, Management, Personal Narrative, Political Philosophy, Politics, Religion, Society, Terrorism, USA | 42 Comments »

    What happened Wednesday?

    Posted by Michael Kennedy on 8th January 2021 (All posts by )

    Roy Says:
    January 7th, 2021 at 10:23 pm
    Mike, does there exist a way to prove your observation about Antifa cadre and about cops helping them specifically up the stairs? I know that we’re not supposed to trust our instincts nor our lying eyes, but…

    We will probably never get proof as the evidence will be swept away as quickly as evidence of vote fraud has been swept away. This operation was designed to harm Trump’s ability to influence policy in the next four years and to discredit him with the gullible who have not already become Democrats.

    Here is one account from eyewitnesses.

    According to the website “wildprotest.com,” the original plan was to gather at the Whitehouse Ellipse from 9am to 12pm, then gather at the North lawn of the Capitol building at 1 pm. As you may well know, not only did it not happen this way, but the aforementioned website went blank. Did they take it down to make it harder for Trump supporters to show that storming the building was never part of the initial plan?

    This account is from an attendee who witnessed some of the events but not inside the capitol.

    My group boarded a D.C. Metro train at 10:30am. Upon arrival to the next station, I saw three young white men board the train with dark clothes and skeleton face masks. My immediate concern was that these were Antifa thugs who would give us trouble as soon as they saw us get off the train with our signs. As I watched them from the corner of my eye, I noticed that one of them wore a cape with the American Revolution snake “Join or die.” Were these Trump supporters? Something did not seem quite right. As the train approached our destination, other rally participants started to fill our coach and we arrived at the Ellipse with no incident.

    It seemed a typical Trump rally.

    The main difference that struck me as unusual during this rally (apart from the three young men who boarded the train) was the frequent smell of marijuana.

    We were present during much of the President’s speech, but since we could not hear it clearly, we walked to the National Mall in search of a bathroom. We found a public restroom on the mall with two lines of over 50 people. We then proceeded to walk down the Mall towards the Capitol building in search of porta-potties and found one with a line of about 20-30 people. Our wait was only 20 minutes, but it was overflowing, and I felt very bad for the women in our group. During the previous rally there had been many portable toilets on the Mall. This lack of facilities was anticipated because we were advised in one list serve to wear diapers. I had the impression the D.C. mayor wanted to make it less comfortable for us.

    There is more, a lot more. You will have to search for it, though.

    Here is another account from the NY Post.

    At least two known Antifa members were spotted among the throngs of pro-Trump protesters at the Capitol on Wednesday, a law enforcement source told The Post.

    The Antifa members disguised themselves with pro-Trump clothing to join in the DC rioting, said the sources, who spotted the infiltrators while monitoring video coverage from the Capitol.

    The infiltrators were recognized due to their participation in New York City demonstrations, and were believed to have joined in the rioting so that Trump would get blamed, the source said.

    Here is another known Antifa/BLM terrorist.

    I expect there was a cadre of up to 100 Antifa terrorists and they used the same tactics we have seen since Minneapolis in June. They do the window breaking and encourage others, black looters in Minneapolis, Trump overenthusiastic supporters in DC, to follow their lead.

    It was a successful op. Someone should have anticipated this but Trump staffers are too busy abandoning ship. I have read of “hundreds” of arrests coming. Who wants to bet that they will all be the Trump people and Antifa will get clean away?

    Posted in Civil Society, Conservatism, Current Events, Elections, Law Enforcement, Politics, Trump | 46 Comments »

    Net Novostey v “Pravde” i net pravdy v “Isvestihakh

    Posted by Sgt. Mom on 4th December 2020 (All posts by )

    The bitter Soviet-era joke about the honesty and reliability of their major news organs translates as “There is no news in Pravda and no truth in Izvestia” – Pravda (Truth) being the official newspaper of the Russian Communist Party, and Izvestia (The News) was the official government newspaper. Teasing out actual tidbits of accurate and relevant information from those two sources may have been the most popular indoor sport for decades among Russians, after chess, depressing novels and drinking heavily. Pravda and Izvestia told the citizens of Soviet Russia only what the top-tier authorities wanted ordinary people to know about – anything contrary to the interests of party and government was deliberately omitted. Any embarrassing civic disasters with a high casualty count, sexual peccadillos on the part of the Party elite, and serial killers on the prowl – news coverage of that kind of event or development was firmly squelched, as things like that just didn’t happen in the perfect Soviet worker paradise. Read the rest of this entry »

    Posted in Big Government, Civil Society, Conservatism, Elections, Leftism, Media, Politics, Russia, USA | 56 Comments »

    Quote of the Day

    Posted by Jonathan on 23rd November 2020 (All posts by )

    J. E. Dyer:

    This is a profound crisis for America. In my view, it has reached the level of the question of slavery, which was too big an issue to be settled by conventional expectations for courts of law and social and political transactions.
     
    In 1861, there were many Americans, as there are many today, who didn’t see the question as being that much beyond the scope of ordinary remedy.
     
    But it was. For what it’s worth, I don’t foresee an armed battle erupting over the 2020 election, per se. That’s partly because there’s no obvious way to organize one. Unlike the situation of the Civil War, there’s no territorial division to make options plain.
     
    But the spiritual divide between Americans who don’t perceive a crisis (or whose intention is to provoke one and benefit from it), and Americans who do perceive one, could not be deeper. Either there must be a fight, to authenticate the 2020 vote and ensure that it produces a new president only if it was really honest and fraud-free, or there need not be a fight, but only a formulaic consultation which cannot possibly establish the meaningful absence of fraud.
     
    If the choice is supposed to be the latter, voting is meaningless anyway, and no one is under moral compulsion to agree to be governed by its “outcomes.”

    Worth reading in full.

    Posted in Current Events, Deep Thoughts, Elections, Political Philosophy, Politics, Trump | 39 Comments »

    Did the Computers Report or Structure Voting Results?

    Posted by Ginny on 17th November 2020 (All posts by )

    My brother sent this link to three engineers from three different party backgrounds who have examined the patterns in Michigan precincts. They seem quite sure that an algorithm has been applied to the precincts that were more heavily Republican; the pattern in these precincts are remarkably similar. They seem to have had some experience not only with computers but with voting machines (one is an election commissioner and another had run for office).

    I remember my awe years ago at Shannon Love’s analysis of arguments in the Lancet and how interesting and insightful his analysis was. I have learned nothing since then, so can’t judge these men’s methods but their graphs do appear to make their points – ones that fit my intuitions but perhaps it is merely my hopes.

    I would like to know what the many more knowledgeable people here think about their presentation; it is longish and could be smoother, but I’m thankful for their effort to reach people like me and found it absorbing.

    Posted in Elections, Human Behavior, Politics, Statistics | 47 Comments »

    “THE 2020 PRESIDENTIAL ELECTION IS A STORY OF LOVE VS. HATE”

    Posted by Jonathan on 6th November 2020 (All posts by )

    There is a lot of truth in this column:

    President Donald Trump and former Vice President Joseph Biden are not the stars or antagonists in this tale. Their supporters are.
     
    A blind unconditional love of their leader fuels the energy and action of Trump supporters. They risk their health (maskless rallies), reputation (accusations of racism and sexism) and safety (social media and Antifa harassment) to stand with their hero.
     
    A blind unconditional hatred of President Trump fuels the energy and action of Biden supporters. Their leader’s ideas, policies and resume are irrelevant. Biden is a tool to kill the Trump presidency. Nothing more.
     
    [. . .]
     
    A reliance on hate and an absence of love inevitably spark widespread corruption.
     
    This is my problem with The Resistance, Black Lives Matter, Antifa, the far Left and their pervasive anti-American sentiment. There’s no love. It’s all hate.
     
    Hate cannot sustain life, liberty, freedom and a pursuit of happiness.
     
    As much as President Trump’s public behavior and narcissism annoy me, I’ve never questioned his love of America.

    Worth reading in full.

    Posted in Current Events, Elections, Politics, Religion, Trump | 23 Comments »

    It Isn’t That Bad, Really

    Posted by Dan from Madison on 5th November 2020 (All posts by )

    Some unsolicited thoughts on this election. I’m not one that plays politics too much, just a guy running my business trying to do my best.

    Trump is probably going to lose is my gut at this point (but he could very well still pull this out). I’m not one that is all “bring in the feds” in most situations, but we need a federally standardized election system. This business of seeing the number, then back counting as many ballots as you need like in Michigan and Pennsylvania to fix the result is insane. Lets assume for a moment that there is exactly zero vote fraud. The current system where some states can count their ballots in five minutes and some take six days simply makes some people believe that their candidate got heisted, and they will never believe otherwise. Of course there can be fraud if this is moved federally, but I feel that if we just simply said “this is the machine, this is how you vote, if the vote isn’t here by 8pm on election day, too bad so sad”, well, how hard could this really be. I understand that these different states having different chaotic systems is a feature to some, not a bug.

    Outside of Trump maybe losing, the Republicans pretty much crushed it with everything else (making the obvious fraud above even more ridiculous). State houses were held/improved upon, the House had unexpected gains, and fancy pants Nancy is going to have her hands full with her cadre of idiots making all sorts of insane demands. The Democrats will 100% screw up whatever they do. The Senate will probably end up R, also good.

    The markets have shown over the past few days that a divided government is a good one for business.

    If anyone believes a political poll on anything, well, I don’t know what to tell them. Those businesses should all never be patronized again and should just close up shop. 100% worthless.

    Prediction: If he wins, Biden will either resign or be 25th amendmented by the midterm election. Is anyone going to really start asking him questions about foreign policy or…anything?

    Prediction 2: Republicans take the House in 2022, and will make (potentially) Harris’s life super fun if they keep the Senate.

    That’s about all I’ve got and all I have time for (see aforementioned business). OK, let me have it in the comments.

    Posted in Elections, Politics | 47 Comments »

    If Biden’s (and Buttigieg’s and. . . ) Description of Trump’s Incompetence Bothers You

    Posted by Ginny on 2nd November 2020 (All posts by )

    “Top Twenty Lies about Trump’s Response to the Covid-19 Pandemic” helped organize my thinking. I knew Demo charges against Trump’s treatment of the pandemic were not just emotional and unpersuasive, but often wrong. And it bothered me (undermined trust in my memories) that so many appeared to buy those charges. One of the Nevertrumper ads literally (and many in campaign speeches implicitly) laid every Covid death in America at Trump’s feet, a fearmongering demagoguery on the level of their race baiting. But I couldn’t always remember the actual misreporting or misunderstanding.

    Through the spring my husband and I had listened to Trump’s press conferences, waiting for the nightly news to begin. Lately, I hear statements of Trump’s arrogance, lack of empathy, incompetence. That wasn’t how I remembered it. Of course he blustered – that’s his way. But neither he nor the scientists were omniscient or even consistent: the usefulness of masks was just one of many turns and reversals. But then, China had not been forthcoming or even honest. The curve did flatten, respirators were created – harnessing the natural ingenuity of American business. What worked and what didn’t as far as treatments – often attacked politically – slowly proved themselves. We all started taking zinc and vitamin d. Older people were given more protection.

    The allegations seemed wrong, sometimes I could remember why and sometimes not. This gave me more faith in my often deceptive memory. Instapundit linked it. So I just wanted to say thank you and pass it on.

    Posted in Health Care, Miscellaneous, Politics, Trump | 10 Comments »

    When Big Tech Came for the NY POST – “Our 2020 Abbotabad Moment”

    Posted by Trent Telenko on 16th October 2020 (All posts by )

    I’m writing this Chicagoboyz piece to clarify the moment we are living in with regards to the Techlords oppression of America’s 1st Amendment constitutional right to free speech on their social media platforms.

    I’m calling it “Our 2020 Abbotabad Moment” (see photo) because, like the SEAL Team 6 killing of Osama bin Laden in Abbotabad Pakistan, it was a Moment of Strategic Clarity about the nature of an oppressive & corrupt regime that cannot be unseen.

    In Pakistan’s case, it revealed a nationalist, separatist, tribal, and above all a terrorist-supporting regime rent by murderous religious and ethnic hatreds. One where the one thing all the leadership factions there can agree on is fear of India. Think of a nuclear-armed Somalia in the mountains, but one good enough at faking a government to get military & economic aid from stupid foreigners.

    By way of contrast,  Big Tech’s censorship of  the NY Post, the Trump campaign, Trump’s press spokeswomen, the GOP House Judiciary Committee and others, followed by the open endorsement of the “Free Press” on Twitter of these actions have showed we don’t have a “Free Press.”

    We don’t have a “Press” at all.

    We have OPRESSORS.

    They are the propaganda arm of an unelected & unaccountable elite that hates the American Republic.

    I’d call these people’s disregard for free speech “Unamerican Activities” but, point in fact, they are as American as the Ku Klux Klan.  Or more on-point, the Pinkerton men putting down the United Mine Workers.  Complete with Denver Channel Nine’s hiring of a Leftist activist as a security guard who subsequently murdered a Trump supporter at a protest they covered.

    If this were the movie “The Empire Strikes Back,” we would be at the point of the film where Lando Calrissian picks up the mike and says “Attention. This is Lando Calrissian. The Empire has taken control of the city; I advise everyone to leave before more Imperial troops arrive.

    Unfortunately, there is nowhere to run. The moment of strategic clarity the NY POST’s censorship has brought shows is this is no longer just a “9/11/2001 election.”

    We are on Sun Tzu’s “Desperate Ground” with a choice of acquiescence to enslavement by inches, or a fight for freedom where absolutely nothing is guaranteed, even if you “win.”

    And Sun Tzu advises that, on Desperate Ground…FIGHT.

    Posted in Anti-Americanism, Big Government, Civil Liberties, Civil Society, Culture, Current Events, History, Miscellaneous, Morality and Philosphy, Politics | 25 Comments »

    Why I Like Ike

    Posted by Kevin Villani on 15th October 2020 (All posts by )

    Why I Like Ike. The Greatest of the Greatest Generation followed by the Worst of the Worst.
    —-

    Dwight D. Eisenhower served during the Great War, lived through the Great Depression, and led the Allies to Victory in WW II. But perhaps Ike’s greatest contribution was his leadership as President of the United States, ensuring the peace and building America’s infrastructure while imposing additional sacrifices on his generation to eliminate the WWII debt burden, the failure to do so after the Great War being the primary cause of the next. His hard won legacy of freedom and democracy has been completely squandered over the last half century by fiscally irresponsible Baby Boom politicians.

    The Clinton Administration cut the deficit every year, averaging only .8% of GDP, the lowest since the Eisenhower Administration, leaving the budget in what was predicted by many at the time to be a permanent surplus. But the deficit during the Obama/Biden Administration averaged 5.9% of GDP, the largest since WW II, increasing the outstanding debt accumulated over the centuries by 70% and now exceeds 100%, the level at the end of WW II. The CBO projects that under existing law, including repeal of the 2017 tax cuts in 2025, that will double again to 200% of GDP over the next generation as the $200 trillion in unfunded liabilities continue coming due. State and local governments face similar unfunded liabilities that they are prevented from borrowing to fulfill, so subsequent federal bailouts as currently demanded will add to these federal totals. This CBO forecast implies declining middle class/middle age after-tax incomes even as debt and deficits balloon.

    The Biden Plan

    Read the rest of this entry »

    Posted in Big Government, Economics & Finance, History, Politics, Public Finance, Tradeoffs, USA | 23 Comments »

    The Politicization of Yelp

    Posted by Ginny on 14th October 2020 (All posts by )

    I noted recently the steps of twentieth century nations toward the abyss of totalitarianism; these were summed up in a Firing Line conversation with Richard Pipes.

    First, clear the stage for a one party state, then give omnipotent power within the state to the political police, and finally enforce that power with deadly terror and “re-education” camps.

    The last decades revealed the United States is not immune to the use of “political police” when the swamp – bureaucracy, media – is aligned with the executive, breeding a “one party state” (whether of city, state or country): governmental oppression of Tea Party and religious groups – using the great power of the IRS as well as EPA, OSHA, etc. – or arresting a hapless filmmaker after Benghazi, etc. Power changed, and the Russia hoax demonstrated swamp power alone could baffle and thwart executive and legislative power, leaving them at the mercy of institutions they theoretically led and funded.

    Then, in the petri dish of covid isolation and a presidential election summer, “woke” power grew. A friend e-mailed Yelp’s classification punishment for establishments bucking Portland’s politics. The service seemed useful if easily weighted, but some anarchists perceptively saw its potential as a map to bring the unwoke into line through violence. Clearly Rioters Trash Portland. . . But Black Owner Just Got the Last Word was the logical consequence. Of course, Yelp, as many grander and prouder institutions before it, lost credibility – but that was intended. Only the party, eventually, remains. Still, real men, real Americans, lead:

    But Jackson will have the last word. Not only are people of good will planning to eat at his restaurant as never before, but he told Fox News that the attack “solidified my Trump vote. I’m done with this weakness and we need some real strong leadership.”

    However the next paragraph is also telling; men like Jackson are fewer as the models and narratives that give us courage are destroyed as well:

    Day of Ragers also targeted the Oregon Historical Society, bashing windows and ripping out several historical items, leaving them trashed on the street.

    Read the rest of this entry »

    Posted in Civil Liberties, Education, Elections, Human Behavior, Libertarianism, Political Philosophy, Politics, USA | 4 Comments »

    Millions of 2020 Votes Will Be Stolen – How To Tell If Yours Is One

    Posted by Trent Telenko on 5th October 2020 (All posts by )

    The Democratic Party’s vote-by-mail scheme (which is NOT the same as absentee ballots) and, worse, its previous and expanded “vote-harvesting” scheme, will steal millions of votes to re-elect Trump, and for Republican candidates, in the 2020 election. This is NOT counting fraudulent votes. This is stealing Republican votes by changing them to Democratic votes. Here is how they do it, and how you can determine if your vote is stolen. If this clear signal that your vote has been stolen appears, do not walk away quietly. FIGHT BACK! How to do that is also explained.

    Absentee ballots and vote-by-mail differ in that individual voters request absentee ballots for their current address, while mail-in-ballots (or “applications” for them) are automatically sent by state voting officials to every possible voter at their last-known address, even if they are dead or have moved away. And absentee ballots must be received by Election Day, while mail-in ballots in most states allowing them can be received days or even a week after the election and, depending on the state, do not require post-marks or other evidence that they were posted by election day. Every state allows absentee ballots, while there is a wide variation on mail-in votes. Some states don’t allow them at all, some states do only for 2020 due to COVID-19, some states send “applications” for them which voters purportedly fill out and return, and some states send every possible voter a ballot to be filled out and returned.

    Vote-harvesting lets people other than the US Postal Service deliver ballots purportedly filled out by voters to polling places, even hundreds of ballots at once. Vote-harvesting as allowed in California in 2018, and now in other states such as North Carolina, has no controls whatever against fraud by the people delivering the harvested ballots. Vote-harvesting is voter fraud pure and simple. No state allowing it is a democracy any more.

    Mail-in ballots are so vulnerable to fraud that the United States seems to be the only country in the world which allows them. The most common way the Democrats commit fraud with mail-in votes is made possible by a rule or practice that the “first ballot processed” by election officials from a particular voter is deemed the only official one.

    So if a fraudulent mail-in ballot, purportedly from a registered voter, is processed by election officials before the real voter votes in person, only the fraudulent mail-in ballot is counted.

    Sometimes the real voter finds out about this in the polling place – “You’ve already voted so we won’t give you a ballot” – and, if the voter complains, is given a provisional ballot to fill out, only the provisional ballot is mostly ignored when the robbed voter leaves. Sometimes provisional ballots are counted too, but so is the fraudulent mail-in one, so the real voter’s ballot is at best cancelled out. Here is an example of how that works in progress from the email of a Colorado friend who alerted one of my e-mail lists to this practice.

    Hey, I know this. I watched polls. Let me tell you, by the way, that year – 2012 – 1/3 of the people in my precinct in Colorado Springs ran into that. Our counterparts in Denver said 2/3 did.
     
    Which means that I guess dementia is rampant in Colorado. Coff. Because there’s no voter fraud, right.  That was, btw, the election in which the left eeked enough of a majority to then go full time vote by fraud. I mean mail.
     
    What happened – I’ve had people tell me no, that’s not what happens, but hell I was there, and I know how it was explained – is that these people got to fill a “provisional vote”. Later, the records would be examined, and if it was shown they really hadn’t voted before those votes would be counted.
     
    In other words, people are fobbed off. Even should their votes be counted – as some people insist they are – then they would count for ½ because there’s no way to retrieve votes already cast.
     
    This is why I say the left has been winning by fraud for several cycles already and the only reason Trump won is that they were so sure it would be a Hillary landslide they failed to manufacture enough votes.”

    Mail-in vote fraud occurs when the perpetrators obtain mail-in ballots, before they are sent to voters, from election officials who are part of the fraudulent vote conspiracy, or when for the same election officials simply give the perpetrators all the information needed to print their own fraudulent mail-in ballots and return envelopes, fill those out and mail them to the election postal box numbers/addresses. It is also possible for fraudsters to obtain the necessary information about voters online, but that requires far, far more work than if election officials give it to them.

    However fraud with mail-in votes is done, it is so easy to do that no other nation seems to allow mail-in votes at all, let alone the way it is being done in America.

    Note also that it is easier, and therefore more likely, for mail-in vote fraud to be targeted at all voters than just Republicans and independent voters. A lot of Democratic voters who choose to vote in person on Election Day may have polling place workers refuse to give them ballots because they have allegedly already voted by mail.

    The simplest and best way to keep your vote from being stolen in this way is to have your vote be designated the first received from you. This requires that you vote as early as possible, preferably in person so there is no question about your identity, and so the US Postal Service doesn’t delay or lose your mailed ballot (which was a major problem earlier this year, and seems to be happening now). Don’t wait for Election Day – vote as early as possible. As an example, October 5 (Monday) is the earliest people can vote in person in California. Do so in your state.

    If you do wait until election day to vote in person, a sure tip-off that your vote has been stolen will be a polling place worker refusing to give you a ballot because you allegedly have already voted. Don’t just walk away. Insist that you haven’t voted and demand that you be given a ballot. Don’t let them fob you off with a “Provisional” ballot. Insist on a real one. Make a screaming stink about it, and insist on speaking to a Republican poll watcher who will hopefully follow up on your problem, and add you to a list of names of people who have been denied ballots.

    But it would be better if you also volunteer as a Republican poll watcher at a polling place on election day so you can protect other voters from having their votes stolen. They’ll be easy to spot – a polling place worker will refuse to give a ballot to a prospective voter. Your county Republican Party will love to have more volunteer poll watchers, and they’ll give you a little training on, including on what to do when voters are denied ballots. The Trump re-election campaign and Republican Party are prepared for massive nationwide Democratic voter fraud, and need help documenting it as it happens.

    Do something about it yourself. Vote Early! Become a poll watcher!

    But the problem will remain. This is the first national election involving massive nation-wide vote fraud by a major party. That means a nation-wide political conspiracy, and my Colorado friend’s experience indicates it has been building for years. How can America remain a democracy when a large portion of the country rejects the core American, and democratic, value of free and fair elections?

    Posted in America 3.0, Civil Liberties, Civil Society, Crime and Punishment, Culture, Current Events, Elections, Politics | 69 Comments »

    “We Live Here Together” – Comments?

    Posted by Ginny on 26th September 2020 (All posts by )

    Executive Order on Combating Race & Sex Stereotyping

    A taste

    Context: “From the battlefield of Gettysburg to the bus boycott in Montgomery and the Selma-to-Montgomery Marches, heroic Americans have valiantly risked their lives to ensure that their children would grow up in a Nation living out its creed, expressed in the Declaration of Independence.”

    Descriptions of critical race theory workshops subsidized by the government.

    Its position:

    But training like that discussed above perpetuates racial stereotypes and division and can use subtle coercive pressure to ensure conformity of viewpoint. Such ideas may be fashionable in the academy, but they have no place in programs and activities supported by Federal taxpayer dollars. Research also suggests that blame-focused diversity training reinforces biases and decreases opportunities for minorities.

    Read the rest of this entry »

    Posted in Academia, Anti-Americanism, Civil Liberties, Civil Society, Conservatism, Culture, Current Events, Human Behavior, Politics | 15 Comments »

    Have we been played?

    Posted by Ginny on 3rd September 2020 (All posts by )

    Somebody phoned Rush Limbaugh: the listener posited that Democrats were in league with the Chinese, sharing a desire to take Trump down. He gently moved on, noting he’d never seen proof. But the last months have reminded us that just because you are paranoid doesn’t mean someone’s not out to get you. I do feel played – about Covid, about Russiagate, about police brutality, about, well, a lot at this point. I suspect it is simple: the media is dominated by those wearing blinders, whose reality is a narrow sliver of the world. Of course, it would be nice if such heavyweights as Dianne Feinstein and Biden didn’t owe so much to the Chinese. But then there’s a lot of Chinese money and a lot of Congressional graft – a corrupt swamp isn’t necessarily a treasonous one. (Was Hillary’s sale of the nation’s plutonium a conspiracy or just the usual Clinton graft? Was Brennan someone who plotted or just closed his eyes?)

    This summer’s incidents are enlarged versions of Ferguson’s riots and the smearing of Zimmerman. For three months Portland has been ablaze; literally hundreds of police have been attacked and will bear the scars of this summer’s work. Dozens have died amidst the riots and many more indirectly as these affected the morale and morals, the aggression of mobs and hesitancy of police. Minneapolis was torn apart, but so were many cities; his funeral was a multi-day spectacle moving through three towns. I shared with most Americans revulsion at the face of the officer whose knee seemed pushed into Floyd’s neck, calmly staring out as he kept Floyd down.
    Read the rest of this entry »

    Posted in Civil Liberties, Civil Society, Current Events, Human Behavior, Politics, Trump | 24 Comments »

    Parallels?

    Posted by Ginny on 31st August 2020 (All posts by )

    Lately we’ve become interested in Richard Pipes, the Russian scholar. In an old You Tube Firing Line, we found him discussing his 1990 The Russian Revolution.

    The intro by Kinsley concisely sums up Lenin’s “innovations”: to Pipes, the Russian revolution was “arguably the most important event of the 20th century,” because its acts would be copied by later dictators – Hitler, Mao, etc. First, clear the stage for a one party state, then give omnipotent power within the state to the political police, and finally enforce that power with deadly terror and “re-education” camps.

    Pipes is not confident about the 90s: a “free” Russia would be difficult; he notes that only 20% of Russians thought the October Revolution was a good thing and only 14% had full trust in government. Purpose, energy, trust are necessary to navigate huge change and certainly found a democracy; razing the past is not a good way to move into the future, but the Russian past is poisonous. Instead of energy and purpose, he saw apathy and immorality (my impression was that a deeply rooted cynicism expressed in humor but felt bitterly characterized communist states). He argues Russia lacked human spirit, morale, and morality. (Perhaps the Gramscian effect on Russia of 70 years of Soviet culture.)

    The leap.
    Read the rest of this entry »

    Posted in Book Notes, Current Events, Europe, History, Human Behavior, Leftism, Politics, Predictions, Society | 3 Comments »

    “Follow the Science” on the Corona Virus Pandemic

    Posted by Kevin Villani on 30th August 2020 (All posts by )

    The Lincoln – Douglas Debate Rematch

    As House speaker Nancy Pelosi publically alleged, the Republicans are “domestic enemies of the (deep) state.”

    The central campaign issue of the 2020 U.S. Presidential election has been the response to the Corona Virus pandemic, which roughly follows along party lines. Based on the administrative state’s scientific “consensus” Democratic politicians generally argued for a nationwide lockdown of most “non-critical” economic activity as a civic responsibility of all citizens, enforced by state police powers. Republican politicians generally question the “consensus,” reject a one size fits all statist solution, and (mildly) complain about the violation of constitutionally protected individual rights.

    In the 1858 Lincoln Douglas debates, Douglas, the incumbent Democratic Senator and Committee Chairman who had extended slavery into Kansas and Nebraska based on majoritarian democracy, i.e., the majority of white male voters, believed in the scientific theory that slaves were inferior and hence property. Lincoln argued that slaves had the same inalienable individual rights as all Americans that “government of, by and for the people” could not take away.

    Douglas maintained his incumbency, but a few years later Lincoln became POTUS and in defense of his principles engaged in a Civil War that sacrificed a tenth of his population and devastated the country. The 13th, 14th and 15th Amendments protecting former slaves were passed before Southern Democrats rejoined the Union, further enhanced by the Civil Rights Acts of the early 1960s proposed by a Democratic President but passed only with large Republican support. While the demographics have since shifted dramatically – the Democratic Party is now 40% people of color – the philosophical divide remains unchanged. Contemporary Democrats still argue the state is sovereign, subject to a majority coalition, but governed by an administrative state.
    Read the rest of this entry »

    Posted in COVID-19, Current Events, History, Leftism, Political Philosophy, Politics | 6 Comments »

    So, we drive on the right and our homes are our castles – or not

    Posted by Ginny on 16th August 2020 (All posts by )

    Freedom is greatest within restraints and boundaries. Sure, on some slippery slope with no constraining adverbs, this seems contradictory, but we recognize daily that minimal, enforceable and enforced, laws provide predictability, enable true freedom. Would my freedom be enlarged without the first limit society imposes as I leave my house: driving on the right? Seinfeld’s Kramer attempted to “free” the lanes but caused chaos. I cheerfully accept it because it simplifies more than limits; I go over my grocery list or laugh with Limbaugh; someone more productive might create a poem or solve a physics problem. Without limits, we would be on guard, slow to a crawl, choose a tank, hoping, as my brothers put it, to be the shearer and not the shearee in an inevitable collision. I remember a homesick Iranian engineer telling us still he didn’t want to return – here drivers stop at red lights, even alone at night; there, every intersection was a free for all. Too much order suffocates but with too little concentration is difficult.
    Read the rest of this entry »

    Posted in Civil Liberties, Civil Society, Current Events, Human Behavior, Law Enforcement, Politics, Urban Issues | 31 Comments »

    Saving American Democracy for the Zombie Apocalypse

    Posted by Kevin Villani on 8th August 2020 (All posts by )

    Within weeks of the 2016 presidential election, the New York Times launched the campaign against President Elect Donald Trump as a racist autocratic Threat to Democracy, followed by the main stream media. Democratic candidate Joe Biden presented a ho hum globalist foreign policy as redressing President Trump’s threat to foreign democracies, conflated with his anti-capitalist domestic policy.

    What does “Democracy” Mean to the Democratic Party?

    European populations attracted to communism after the devastation of WW II were encouraged, sometimes with the subtle help of America’s CIA, to choose “social democracy,” i.e., a democratically elected central government that provided a welfare state financed by a market economy, over Soviet communism. America adopted social democracy in the 1960’s not out of desperation but capitalist material abundance.

    Today after almost six decades of Great Society welfare over three quarters of all democrats are now “democratic socialists, i.e., they prefer socialism to market capitalism. The young party leaders demand “racial and social justice,” a political Jacobin revolution. Democratic officials have actively supported the demonstrators and rioters in the streets celebrating the Meltdown of Capitalism orchestrated by the Marxist Black Lives Matter and ANTIFA groups demanding a majoritarian “peoples’ democracy” like that of prior communist totalitarian regimes.

    How Progressive Democrats Became Zombies

    Since the takeover of Cornell University and others at gunpoint, most universities implemented black studied programs that indoctrinated the Charlottesville premise that America was born to slavery and American racist oppression never ended, causing the current income and wealth gap with whites. Thomas Sowell, one of the greatest economists of the past 60 years, who is black and was present at Cornell at the time, has a lifetime of scholarship exposing the fallacy of this premise.

    The “Cold War” against Soviet communism lasted from 1945 to 1990. The Communist Party was outlawed in the United States in 1954 with progressive political support out of fear that voters could be too easily seduced by the meretricious promises of socialism – where income equality is achieved by impoverishing all but its leaders – without understanding the inherent totalitarianism that led to communist atrocities under Stalin and Mao, murders and deaths measured in the tens and hundreds of millions. The claim by democratic socialists of western democratic countries with a socialist economy, e.g., Sweden, is a myth. 

    A century of progressive mis-education explains the zombies’ attack on capitalism. Primary education peddles soft socialism while universities are populated by “effete intellectual snobs,” the label given by VP Spiro Agnew to “national masochists” i.e., intellectuals who would bring national ruin, written a half century ago by the New York Times writer William Safire. American historians have generally been biased against market capitalism. The term “Robber Baron, first used by the New York Times in 1859 to describe Cornelius Vanderbilt, was popularized during the Depression by a disciple of socialist/progressive writer Charles Beard. America’s dark history has been made hopeless to many millenials through the lens of socialist sympathizer Howard Zinn and racist through the lens of the New York Times 2019 revisionist 1619 Project, with the Democratic Party re-writing its’ own racist past. Economists have been the most easily seduced by the attraction of state power, finding “market failures” at both the macro and micro level to justify their intervention. The Austrian economists Schumpeter and Hayek recognized socialism’s masochistic appeal to “intellectuals” who felt that they could run the world better than those chosen to do so.

    After the Zombie Apocalypse: the Pigs Rule

    Accusations of autocratic behavior by Trump are mostly in response to micro-aggressions of politically incorrect tweets and comments. Coups that overthrow representative democracy from the right generally start with the armed military taking over the media, the bureaucracy, the universities, the unions and all the other sources of political power. The idea that President Donald Trump could direct any of those sources of political power is ridiculous: the deep state has been trying to take him down since he took office. (If the accusations against his AG had any merit, the Democrats would have conducted a real hearing instead of a five hour show trial – a bit long by Stalin’s standards).

    Democrats on the other hand are the Party of the deep state. It has been cultivating those sources of political power for a century, and now controls them with the “carrot and stick” method that was so successful for Mexico’s one party PRI for almost a century, suppressing free speech. It’s only a small additional step from social democrat to one-party democratic socialism.

    Winning this election (fairly or not) provides the Democratic Party the opportunity for one party rule if their agenda faces any serious opposition. They have already discussed many tools at their disposal, e.g., eliminating the Electoral College, further lowering the voting age to 16, packing the Supreme Court (again), mail in ballots, etc. But Barack Obama’s demand at John Lewis’s recent funeral to end the filibuster and announce four new (almost assuredly democratic) senators from the new states of Puerto Rico and the District of “Columbia” (to be renamed of course) in the name of racial and social justice would likely be more than sufficient, maybe even just the threat.

    What Good is the U.S. Constitution?

    The founding fathers didn’t anticipate political parties, so it isn’t an obstacle to one-party rule. Franklin’s Republic of limited powers was replaced by an all-powerful administrative state rather like Hemingway’s character went bankrupt: “gradually, then suddenly.”

    The first necessary condition was to amend the constitution. The end of the Civil War enabled the 13th, 14th and 15th Amendments extending voting rights to blacks. The 16th Amendments in 1909 enabling a federal income tax and the creation of the Federal Reserve System in 1912 provided the funding for President Woodrow Wilson’s entry into the European war and “make the world safe for democracy” the rationale. The direct election of Senators in the 17th Amendment of 1912 limited potential state opposition. All these changes shifted power to the federal government.

    Second, the specific enumerated powers of the Constitution have been mooted through Supreme Court political nominations, legal manipulation and intimidation producing “creative” decisions subsequently protected by a convenient legal doctrine of stare desisis, i.e., protection of past progressive Court victories that enable meretricious populist promises. Supreme Court resistance to the New Deal withered in the wake of FDR’s failed attempt to pack the Supreme Court. The subsequent Great Society of the 1960’s, also designed by socialists and implemented by FDR’s protégé President LBJ, substituted federal government funding and decision making not only for states and localities, but for most of civic society and eventually the family.

    Four quotes from H.L. Menken of about a century ago sum it up:

    1. Democracy is a pathetic belief in the collective wisdom of individual ignorance.
    2. Democracy is also a form of worship. It is the worship of jackals by jackasses.
    3. Democracy is the art and science of running the circus from the monkey cage.
    4. Democracy is the theory that the common people know what they want, and deserve to get it good and hard.

    Kevin Villani

    —-

    Kevin Villani was chief economist at Freddie Mac from 1982 to 1985. He has held senior government positions, has been affiliated with nine universities, and served as CFO and director of several companies. He recently published Occupy Pennsylvania Avenue on how politicians and bureaucrats with no skin in the game caused the sub-prime lending bubble and systemic financial system failure.

    Posted in Elections, History, Political Philosophy, Politics | 25 Comments »

    Consulting My Magic 8-Ball

    Posted by Sgt. Mom on 3rd August 2020 (All posts by )

    So, last week the Daughter Unit asked me when the new civil war would kick into high gear. Note she said ‘when’ not ‘if’ – for we’ve been in a cold civil war for some time now. I’d say this cold civil war became manifest with upsurge of Tea Party demonstrations in 2009, and has rumbled along all through the Obama administration, building up reservoirs of bitter anger and resentment ever since. My personal SWAG is that things will get interesting (and even more interesting for certain values of interesting) late in the evening of November 3, 2020, when the polls close and the first election results are reported.

    And no, it won’t make a particle of difference who wins; Trump or Biden, or whoever has replaced Biden as the Great Dem Party Hope. My sidebar prediction is that the higher echelons of the Democrat Party will realize, probably shortly following the party caucus to be held sometime this month, that Joe Biden has finally and definitively lost track of his single remaining marble, and that there is no possible and convincing way that he can be propped up as a viable candidate. Read the rest of this entry »

    Posted in Civil Society, Conservatism, Current Events, Elections, Leftism, Media, Politics, Predictions, Tea Party | 81 Comments »

    Is the Biden Economic Plan on the Right Track?

    Posted by Kevin Villani on 31st July 2020 (All posts by )

    It promises to improve economic well-being relative to current economic policy for average and particularly less well-off citizens now and in the future, and to do the same for citizens of other countries including all immigrants. Can it deliver?

    The Mock Democratic Platform was released in February, the Biden-Sanders Unity Task Force a few weeks ago, and the draft 2020 Platform a few days ago. The economic plan is the most ambitious progressive anti-capitalist agenda at least since FDR’s New Deal and arguably in American history. It consistently proposes numerous government carrots and sticks to achieve its economic objectives, doubling down on the New Deal and Great Society methods.

    Causes and Consequences of Reducing Capital and Labor Productivity

    Potential national wealth is limited only by the amount of capital (national savings) and the incentive to maximize the productivity of capital (e.g., with new technology) and labor (through appropriate education and training). Politics often distorts individual incentives for the worse.

    Politically Re-directed Investment

    The US national savings rate hovered around 3% after turning negative in 2007-2009 and again now. The Biden economic plan for politically re-directing resources to, e.g., conservation, clean energy, transportation, manufacturing, infrastructure, affordable housing, etc. by subsidizing public and taxing private investment more has some merit. However, it may have problematic economic returns and the total cost is many multiples of total national savings.

    Education and School Choice

    Biden would limit the competition with public schools by restricting higher performing charter schools. Higher education would be made either affordable or free with reduced entrance requirements to compensate for a poor primary education, but higher education only contributes to individual and national wealth to the extent it improves productivity, e.g., with more STEM graduates.

    Labor Market Intervention

    By traditional measures, the country was fully employed prior to the Covid-19 epidemic, but the Biden plan calls for the “creation” of multiple millions of new high paying jobs, both in the nominally still private sector and the public sector. Pay would be raised by eliminating the right to work without being forced to join a union, something private sector unions have demanded since the passage of the Taft Hartley Act of 1947. But Biden plans to go beyond that, forcing all states to unionize public employees as well. For those that fall out of this broad union net, the federal minimum wage would start at $15/hour, superseding state laws. These are the tools that progressives historically used to keep blacks, other minorities and recent immigrants out of the labor force, and is is difficult to see how they would do otherwise this time around.

    Trade Protection

    As these politically inflated domestic labor costs will again be uncompetitive internationally the Biden plan opposes any trade deals, calling for manufactured goods to be sourced and stamped “made in America.” Consumer prices would have to rise commensurate with labor costs.

    Immigration

    Borders would be relatively open and immigrants incentivized to come both by the decline in export-related jobs and the benefits of the U.S. social welfare state. But they would be excluded from the formal job market by the union and minimum wage requirements once inside the U.S. border.

    Taxation, Debt and Money Printing: The Limits of Expropriation

    All senior mob leaders know two things well: 1. There is only so much extortion money to go around (gangster killings are usually over excessive greed), and 2, There are limits to how much you can extort without killing a business. At their peak in the 1980s the New York Mafia “owned” the labor unions that extorted from business, enabled by a symbiotic relationship of both with the Democratic Party. Sooner or later taxpayers and consumers always pay.

    Debt and Taxes

    State and local governments are in dire straits and blue states are technically insolvent, demanding a bailout. Federal funding has morphed the states into Soviet era oblasts with the federal government the funding source of first resort.

    Current federal debt is $27 trillion, exceeding that of WW II as a percent of the economy, with over $200 trillion in additional contingent liabilities.. The current federal deficit for this fiscal year is over $3 trillion, to which the Democrat-proposed Heroes Act would add an additional $3 trillion. Candidate Biden has offered tiny constituent groups, e.g., caregivers, almost $1 trillion, large constituent groups such as the environmentalists’ Green New Deal could cost upwards of $100 trillion, with lots of constituent promises falling in between.

    The Biden plan calls for reversing the Trump corporate tax cut that stimulated investment and exports. Taxing the “rich” will raise some revenue in the short run but reduce investment and growth in the longer run. Middle class taxes will follow, although he is committed to restoring the (blue) state and local income tax deduction for the relatively wealthy.

    The Federal Reserve and Modern Monetary Theory

    Having gone past the limit, a gangster may turn to counterfeiting as a last resort. The Federal Reserve is already “printing” enough money to be the primary buyer of Treasury debt and at the current pace would own it all in two years. Under the Modern Monetary Theory espoused by the Sanders campaign and now implicitly incorporated into the Biden economic plan, debts and deficits don’t matter so long as the Fed can print money to purchase them. The Biden plan adds “racial equity” to the Fed’s full employment and price stability goals to reduce differences in wages and unemployment.

    Biden’s Plan is an Extortion Racket on the Left-Behind Track

    Across time and space the evidence supports competitive market capitalism as the source of virtually all human economic progress. The Biden economic plan is essentially an extortion racket that fails to recognize its inherent limits, doubling down on the bad policies of the current Administration while eliminating the good, apparently because the Party’s octogenarian leaders either never learned the limits or have lost control to the young radical left. This plan so far exceeds the limits that even partial success could easily lead to hyper-inflation.

    There is a sense that America can always turns things around if it gets derailed but the progressive perspective dominates America’s intellectual elite and media. Argentina was once on the capitalist fast track parallel to the U.S., but progressive President Juan Peron switched tracks in 1946, and Argentina has been left behind ever since.

    Kevin Villani

    —-

    Kevin Villani was chief economist at Freddie Mac from 1982 to 1985. He has held senior government positions, has been affiliated with nine universities, and served as CFO and director of several companies. He recently published Occupy Pennsylvania Avenue on how politicians and bureaucrats with no skin in the game caused the sub-prime lending bubble and systemic financial system failure.

    Posted in Economics & Finance, Elections, Politics | 34 Comments »