In This Dimension

Intel CEO Otellini: The Democrats Are Destroying our Economy

From Red State

Now Intel is arguably the premier tech company in America, perhaps the world. They invented the chip on which all PCs have been built for generations….

Please read the linked article. It kinda sums-up the business climate in the US after having the Far-Left in-charge of Congress, spending, the budget and national legislative priorities since 2007.. and having had the most radical Leftist in our history ignoring his job in the White House in order to rule as a totalitarian autocrat for fewer than 20 months.

Here’re just a few snippets to get your appetite whetted:

“I think this group [Democrat-dominated[…]

Government Spending Depresses Earnings - A Case Study

Here is a brief article contrasting two very similar states - Maine and New Hampshire - and how much their economies rely on government spending and taxation to support that spending, vs private sector spending and fewer taxes, and what is the effect on earnings and living standards of that government spending.

The historical fact is, of course, at-odds with Obama, Pelosi, and “Liberals” everywhere.

Fewer and lower taxes = more growth, higher earnings, better standards of living… every time.

Why, again, is it that the Democrats are allowed by the media and those who ought to know better to sell themselves as the[…]

The historic requirements for top living standards

Here’s an interesting article on the economic future of China.

China may or may not be of interest to you, however, so that’s not what I’m writing about.

Here is a quick encapsulation of the author’s view on the historical requirements to join the top ranks of countries in living standards:

• Limited government interference in economic decision making.
• Equal application of the rule of law.
• A small government to avoid waste and rent seeking.
• Low rates of taxation and other burdens on achievement, and free international trade with other countries.

According to him, “There have been no historical exceptions to the[se] requirements…”

Of course, the corollary would be this:

If[…]

Dodd: If we require a down payment, we’d restrict home ownership to “only those who can afford it.”

Best-Ever Example of the Destructiveness of Minimum Wage

This is from the Wall Street Journal today (1 JUNE 2010).

The New Cannery Row

Congress wants $18 million to offset the jobs it destroyed in Samoa.

Hidden inside the latest Democratic spending bill is an $18 million taxpayer handout to American Samoa. How did that get in there? Read on for another lesson in the uncreative jobs destruction of the minimum wage.

When Democrats in Congress increased the minimum wage in 2007, the U.S. territory of 65,000 in the South Pacific pleaded for its traditional exemption from the wage law to prevent job losses. But Democrats followed union orders and said that if[…]

Taxes

Yep - that time of year again.

Here’s an interesting and educational video about tax compliance costs and what can be done about them.

Via BigGovernment.com

Why Would Democrats Care About The Deficit?

This is a long but very good column on America’s debt, deficit and budget plans going forward. It is worth the several minutes required to read it.

But the question I raise, one I have raised before, is this: Why should Democrats care about the Debt, and why do Conservatives continue to think that they do?

What seems to be the primary difference, indeed a foundational difference, between those currently pushing debt, and those reacting to the increase of same, is children - e.g. whether one has them.

People, including the author of the linked column, refer to the mountain of debt being left[…]

Deficit Spending Visualized as a Road Trip

This is a very cool video. You should watch. It’s only a couple of minutes.

In it deficit spending is expressed visually using the metaphor of a road trip across America. As a President and Congress spend more money they don’t have, the speed of the trip increases. As they spend less, it slows. When they pay-down Debt, the car reverses.

It’s very clever, very good in getting the message across. And excellent at showing those complaining that “Bush did it!” how much farther and faster The Messiah has spent borrowed money than anyone in history.

Zowie - Depression 2.0

Some numbers published here:

Government needs funding this year of $2.0 trillion (that includes the federal budget deficit, off-budget spending, and state and local needs). Private industry needs about $0.5 trillion. Part of the funding will come from the country’s savings. Total gross savings (new savings) is estimated to be $1.5 trillion. Assuming all savings is available, a shortfall of $1.0 trillion exists.

This money can come from foreign lending or inflation. But…China, Japan and everyone else are saying, “No, thanks.”

“The Treasury Department reported that foreign holdings of U.S. Treasury securities fell by $53 billion in December, surpassing the previous record of[…]

Executive Pay and Conservative Principles

Executive pay has become a hot button in the culture wars. The GOP needs to ensure its reaction to the Democrat proposals for the government to cap executive pay is not just a knee-jerk rejection, but is based on ideas other than the status-quo and increasing an unprecedented American divide between the haves and have-less, something that is not good for the body politic.

Bonuses or salaries of tens or hundreds of millions of dollars for bankrupting one’s company or quitting and parachuting out of your contract - or even just doing a good job - are not Conservative ideals. No[…]