Daily Quote: "The most important single central fact about a free market is that no exchange takes place unless both parties benefit."
Milton Friedman
Morgan City, Louisiana Town Gathering - Saturday, April 25th 1000 AM until 1200 Noon.
Despite how the media has portrayed the April 15th gatherings, the success of the Morgan City Tea Party has created inspiration amongst local citizens to propose monthly two hour "Town Square Gatherings
These gatherings will offer opportunity for all area citizens to come together in voicing opinions on current events - should they be on a local or national level. As opposed to City Council meetings, which mostly revolve around localized administrative issues, these are intended to be open forums, with no particular agenda.
That said, as a result of the successful grass roots effort on the 15th, local concerned citizens are gathering again this weekend (The 25th of April at Lawrence Park from 10:00 AM until 12:00 noon.
!! FBI PERSONNEL ARE CORDIALLY INVITED TO ATTEND !!
!! COME ONE COME ALL !!
The meetings will be non-partisan, and are not backed by, nor endorsed by special interest groups, or business concerns.
This is a truly grass-roots effort to educate the public on current events, with opportunity for all viewpoints to be discussed on matters that are affecting us all. These are not intended to be public debates, but a means for citizens to gather together and voice their opinions in a peaceful manner, while espousing our Consitutional Rights of Free Speech and Assembly.
While not backed by special interest groups or political parties, a matter of course, anyone who wishes to disseminate information regarding the same is more than welcome to. It is encouraged that these be opened by a local pastor, revolving amongst the various local denominations, in order to kick these off with a short prayer for our
country and civility, keeping in mind that these are not intended to be religious revival meetings.
One topic that is already being considered for discussion and dissemination is the topic of the Federal Reserve System. While that is a topic of a national level, with concerns shared by citizens on a national level, localized concerns are also welcome topics of discussion.
Open mike will once again be made available on a first-come-first-served basis.
Submitted by smarquez on Sat, 04/25/2009 - 11:04am
Corporate Taxes, and Their Real Impact On Small Business
" it isn’t really the corporation that pays the tax, but instead it is the shareholders, employees and customers who pay them through lower returns, lower wages and higher prices, respectively. "
Submitted by rresendes on Thu, 04/23/2009 - 8:08am
How Obama Will Change American Capitalism
Whether one feels capitalism is nice or not, empirically there is no debate that no other system governing a society has produced more wealth for all its citizens in a shorter period of time than American capitalism. No society has been able to produce a better standard of living for its citizens, or generate greater amounts of charity around the world, than America over its short history as a nation.
The founding concepts behind America that its citizens own the product of their labor and the government exists to preserve those rights has been extraordinarily successful. Yet it is amazing that there is even a debate as to whether or not that should be the way forward.
This article in the New Republic begins to highlight how Obama will look to fundamentally alter the relationship between the government and American citizens, by claiming that the government is fundamentally entitled to everyone's productivity and thus free to redistribute those efforts at will. Here is an interesting section of the article.
"Finally, there is the sheer size of Obama's intervention. Obama's stimulus program and its budget are going to lift overall government spending from the 30s to well over 40 percent of GDP. Its 2009 budget, along with other public spending, could reach 45 percent of GDP. That's in response to a crisis, but as has happened before, the extent of government intervention is likely to remain permanent."
Submitted by smarquez on Thu, 04/23/2009 - 8:06am
Who Pays for Climate Policy?
-In total, the annual burden from a cap-and-trade program would be $144.9 billion n American households, which would be about $1,218 per household.
-The analysis also shows that the burden of cap-and-trade would be disproportionately borne by low-income households because they tend to spend a larger fraction of their income on carbon-intensive products
Read Full Article by Matt Moon
Submitted by rresendes on Thu, 04/23/2009 - 7:33am
Obamanomics: Does It Make Him a King or Jester?
King or jester? Obama's views and decisions regarding GM and Chrysler are not looking good for his economic legacy. This WSJ editorial starts to flesh out many of his decisions and thier likley effects. It is instructive to read as it provides a perspective on Obama's decisoin making skills which will likely affect many other aspects of our lives.
Submitted by smarquez on Wed, 04/22/2009 - 9:34am
Global Warming: Unstoppable Solar Cycles
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Submitted by smarquez on Wed, 04/22/2009 - 6:56am
Obama: "Cap & Trade Will Cause Electricity Rates To Skyrocket"
Submitted by rresendes on Mon, 04/20/2009 - 8:01am
Tea Parties Unhealthy?
On the Sunday talking head circuit, David Axelrod suggested the Tea Party Movement is unhealthy (story here). His logic is that Obama will cut taxes for 95% of Americans, so Americans should be happy with his policies.
While a nice sound bite, he is a bit disingenuous. The Obama administration is: creating record budget deficits - which crowds out private investment; extending government's reach into private businesses - putting government into unfair competition with private firms, and; raising the cost of private investing through increased capital gains and income taxes - which makes it more costly to grow or start businesses. When such policies are combined with increased carbon taxation, the end result is likely to be less economic freedom and reduced long-term economic growth leading to lower living standards for the typical American.
While economists may differ on the aggregate effects of Obama's economic policy prescriptions, calling Tea Parties "unhealthy" is at best a lapse of judgment and at worst a potential indication of how Obama and his team views opposition to his policies.
Update - Hat tip to Instapundit.
A Rasmussen poll just released shows the Tea Parties were very well received by the public, with 51% having a favorable view versus 33% with an unfavorable view. Particularly interesting, 54% of mainstream Democrats viewed Tea Parties favorably.
Not surprisingly, only 13% of the political elites had a favorable view of the events.
Submitted by rresendes on Mon, 04/20/2009 - 7:35am
Global Warming and Economic Freedom
The public is shifting its view on "global warming" according to a new Rasmussen Report. Currently 34% of those sampled believe human activity is the cause of "Global Warming", this is a significant decline from 47% a year ago.
Today 48% feel planetary trends are the root cause of "Global Warming", versus only 34% a year ago.
The "Global Warming" mantra is used by state and national politicians to push for broader and stronger regulations and taxation related to carbon energy.
As the "conclusive" evidence on climate change is increasingly criticized by the scientific community, it is silly to restructure the economy and reduce living standards until to evidence is conclusive that such a restructuring is critical to America's well being.
By creating highly invasive and complicated tax regimes related to carbon energy, politicians are again pursuing a massive power grab to gain further control of American's economic lives.
It will be interesting to see how this plays out if the public continues to demand harder scientific evidence to accept "Global Warming" as a man-made problem.
Ultimately, personal freedom is only possible through economic freedom.
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Submitted by Martin on Sat, 04/11/2009 - 3:41pm
Understanding the Root Cause
Ready to learn more about the root cause of the financial crisis?
Inflation and the Dollar's crash (About 10 minutes long)
There is more.....
YouTube - Money - A Brief History Of The American Dollar - Part 1 of 2 (About 9 minutes long)
YouTube - Money - A Brief History Of The American Dollar - Part 2 of 2 (About 4.5 minutes long)
Have some more time on your hands?
The Gig Is Up: Money, the Federal Reserve and You
It is 1 hour and 23 minutes long. (It won't seem that long). Grab your honey & cup of coffee, get comfortable and watch.
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