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Yes, Big Business Is Over-Regulated, But It’s Also “Under”-Accountable and “Under”-Responsible
The BP Oil Spill prompted brilliant legal theorist Richard Epstein to remind us that the problem isn’t regulation, it’s government limits on liability (see op-ed at the Wall Street Journal). Big Business doesn’t mind regulation, as long as it can put caps on it’s liabilities (see “Too Big to Fail” … ) A tough liability system [...]
Continue reading...The Moocher Index Tracks the Non-Poor that Receive Government Income Transfers
22. June 2010
Dan Mitchell at the Cato Institute has put together a Moocher Index to track which states have the largest number of non-poor people receiving welfare. A few quick observations. Why is Vermont (by far) the state with the largest proportion of non-poor people signed up for welfare programs? I have no idea, but maybe [...]
Continue reading...So Why No Economic Recovery? Avaricious Government and Hesitant Entrepreneurs.
18. June 2010
The Federal Government’s wasteful spending, institutional meddling, and taxpayer plundering is giving us hesitant entrepreneurs. Robust job growth requires boldness and risk-taking in the private sector. What we have now is boldness and risk-taking in the public sector. It is loading as much debt onto the balance sheet as possible, and creating the [...]
Continue reading...Great NFIB Report on how Obamacare Will Affect your Small Business
17. June 2010
Too much great stuff to try and summarize here. Just read it. Full report available at this link (pdf). Also contains information on Cap and Tax and Labor Law changes being pursued. This Administration is BAD NEWS for Small Business. Get informed by reading the report. And then please share it with at least 5 other Small [...]
Continue reading...Art Laffer on the Coming Tax-Induced Crash of 2011
16. June 2010
Art Laffer recently published an opinion in the Wall Street Journal titled “Tax Hikes and the 2011 Economic Collapse” that is worth your time. Tax increases are coming. And it won’t be pretty. It shouldn’t surprise anyone that the nine states without an income tax are growing far faster and attracting more people than are [...]
Continue reading...Small Business Sentiment Slightly Up; However, Sales Volume and Profit Margins Stay Down
15. June 2010
A recent NFIB survey finds small business sentiment slightly improving, but also that most small businesses are losing sales and giving up profit margin to stay alive. U.S. small businesses are slightly more optimistic about their economic outlook than they have been in the last two years but are still not ready to expand [...]
Continue reading...Obama Administration Laying Groundwork for Takeover of Internet. No Joke.
14. June 2010
President Obama and his FCC chairman Julius Genachowski couldn’t take over the Internet the first time they tried. Ever since the DC Court of Appeals stopped them the first time they tried to take it (they said it was not the province of the Executive, but the Legislature, to determine whether [...]
Continue reading...George Will Brings the Paddle Down on “Progressivism’s” Backside
11. June 2010
If you only read on thing this month, make it this article. Liberalism is, at heart, an impossible promise. A promise that in aggregate the peoples of the world can consume more than they produce, that there is “such thing as a free lunch”. Its ideal – the welfare state – is just as big a [...]
Continue reading...Public Employee Unions are Bad For Your Small Business
7. June 2010
Public Employee Unions are bad for your local economy, bad for your small business, bad for your regulatory environment, and bad for your tax bill. Public employees are often good people who want to make a positive impact on the word, but their unions are destructive, and their union involvement is killing [...]
Continue reading...Guess Who is Stamping Out Health Care?
5. June 2010
I just received this article from the Ludwig von Mises Institute and wanted to share it. Some may applaud Holder’s actions, but think of the consequences. You know that artificial price ceilings create shortages. What happens when physicians are not paid enough for their services to cover the cost of providing those services? Already Medicare [...]
Continue reading...A New Look at Cash for Clunkers Confirms what Stimulus Programs do – Nothing (but Harm)
2. June 2010
From the Coyote Blog, see the graph below. Stimulus funds just create purchases now that will be forgone later. And they subsidize the purchases with tax funds or debt, basically transferring funds from one person to another for no good reason (other than buying votes, of course). The dotted line simply averages the sales for the [...]
Continue reading...Health Care Reform Bill Buries Small Businesses in a Deluge of Paperwork
1. June 2010
Human beings can have a high standard of living when their needs get met. In a marketplace, needs get met best when a few conditions occur. 1) the person who has the need is able to communicate that need to someone who can provide for that need. 2) the person who has the means to meet the [...]
Continue reading...What is Big Government?
21. May 2010
Big Government shouldn’t be confused with Government proper. Government proper, limited in its power and scope to only those tasks which legitimately protect life, liberty, and property from fraud and criminality, is not Big Government. It is the foundation of a free civilization. Here are some definitions of Big Government from a few online dictionaries. “Government perceived [...]
Continue reading...Small Business is now the “Most Trusted Institute” in America
25. April 2010
If America is to return to greatness, it will be on the backs of its small businesses. Not just because we’re the most important job creators in the country, but because we’re also the most trusted group in America. Be proud, small-business owners! You’re now the most trusted group in America. Listen up, federal government! You’re [...]
Continue reading...Big Business and Big Government are Symbiotic
21. April 2010
Big Business always gets bigger when Big Government grows – because Big Government needs Big Business. Big Business also loves Big Government – its over-regulation kills off smaller competitors. They are symbiotic. The “health” of one ensures the “health” of the other. Tim Carney’s book Obamanomics does a great job spelling out how and [...]
Continue reading...The New Tax – on *your* CO2
7. April 2010
(This post is, of course, tougue in cheek, but since the Obama Administration’s EPA recently declared CO2 (the stuff we exhale) to be a pollutant, is it really such a stretch?) Our current administration in Washington is seeking new ways to raise money for all the new entitlements they are creating. Almost [...]
Continue reading...What ObamaCare Means for Small Businesses
25. March 2010
It’s important to look past the minutiae of the bill, and straight to the overall economics of the thing. Let’s look past what it means for healthcare and straight to what it means for the economics of a small firm. 1. ObamaCare means a harder economic climate for Small Businesses At core ObamaCare is a mandate. It [...]
Continue reading...Cash for Clunkers update – predicted failure now *fully* confirmed even more than previously
23. March 2010
Not to toot our own horn, but, toot toot. Graph from the American Thinker, Care Sales ($millions) Reported by Dealers.: Cost to taxpayers for each extra car sold because of Cash for Clunkers: $20,000 Number of clunkers turned in (and taken out of the market): 677,081 Price increase for used cars since CfC: 13.7% Change in [...]
Continue reading...Cry your tears if you must, then sharpen your knives – the battle over healthcare is not close to over
21. March 2010
This post will be a short, but we wanted to get something up tonight. It’s been a disappointing day, but while some are despairing we are not. The odds of overcoming a super-majority in the senate, a massive majority in the house, and a president elected by a large margin were always very steep. But [...]
Continue reading...Managed Care Scam
15. March 2010
I am a doctor. I wanted to share the below which was first published in an online publication of a physician community, Sermo. It is a rather accurate assessment of what has been the reality of health care in our country. Physicians are being squeezed out of existence. There is the spectre of a 21% [...]
Continue reading...“Senate Health Bill Would Up Costs for Millions in Middle Class”
11. March 2010
A non-partisan study finds that ObamaCare will raise taxes on the middle class, a direct violation of his campaign promise not to raise taxes on anyone making less that $250,000 per year. The Senate health care bill crucial to saving President Obama’s signature domestic initiative will hit the wallets of a quarter of all Americans making [...]
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23. June 2010
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