Category Archives: Economy

DETROIT’s War on Small Business: Making a horrible situation …even worse

As our economy continues to struggle, opening up our own business has crossed the minds of many of us. However, if you happen to live in Detroit, you’d better think twice (or even three or four times) before you decide to make a go of it in Motown these days.

Detroit - do not enter

Today, Detroit is facing issues largely of their own making, such as high unemployment (+18%), crushing debt, rampant crime, and blight. But if you were thinking that an aggressive, pro-business, let’s-all-pitch-in-together attitude would prevail in City Hall, …forget it.

That’s just not how they roll in the Motor City these days:

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…and yet ANOTHER Obama Stimulus Recipient Bites the Dust

When President Obama took office in 2009, one of his very first acts was to sign the American Recovery and Reinvestment Act into law. But instead of an actual recovery, what we’ve received ever since has been an economy barely limping along, historically high unemployment and ever-more massive debt. 

And despite years of big talk about jobs having been “created or saved”, cutting the deficit (ha!!), or endless “Recovery Summer(s)”, it’s been obvious for quite some time that his Keynesian plan didn’t work.

Stimulus 84874

We’ve documented plenty of companies which have already gone under, too, despite their generous infusions of Government cash. Each one was problematic for a host of reasons, including:

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Money Is NOT Safe In The Big Banks

How much of your money/savings do you have in the bank: 

  • Most of it?
  • All of it?

money in hand 4

How confident are you that you can GET to your money, at any time? 

…Are you sure?

askmarion

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#Obamacare is making us a “part-time” nation

Did you hear about the new Obamacare Video contest being sponsored by the HHS? It’s the Federal Government’s newest plan to reach “…younger Americans who are skeptical of the need for health coverage…“.

If I had a vote, I’d declare Lisa Benson at Townhall.com the winner right now:

Obamacare - Part time workers 3

And if you had ANY doubts, Ms. Benson is right on the money here:

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You may be surprised to learn this INCREDIBLY FAMOUS GUY is a Christian AND a Capitalist…

From the:  “If you only read, listen to, or watch the MSM, then you probably missed this story” department.

THIS man is famous. WORLD famous. His birth name is Paul David Hewson.

You may well ask:  “Who the heck is Paul David Hewson”?  Well, perhaps you know him by his more recognized pseudonym:

Bono.

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Mr. Hewson (on the far right), pictured with three other dudes I don’t recognize….

Lead Singer for the über rock group, U2.

Activist.

Seriously, it’s hard to imagine anyone who hasn’t heard of him. Even if you never followed the music, you should certainly remember his much heralded and well-reported missions to Africa.

What you MIGHT have missed were 2 recent stories about Bono:  The Christian, and its powerful sequel, Bono:  The Capitalist.

On June 25th, Bono was a guest on the “Focus on the Family” radio program.  The entire interview is definitely worth reading, but this one excerpt stood out to me (emphasis mine):

Jim Daly of FOTF: So often those that struggle with accepting Jesus Christ as their Savior — it’s the idea that He’s the Messiah. In fact, you were asked about that by a journalist. How did you respond to that?

????Bono: Jesus doesn’t let you off the hook. The Scriptures don’t let you off the hook so easily. So, Jesus died on a cross with “King of the Jews,” as the Messiah. In fact, if He’d just given that bit up, you know, [He] would not have had the crucifixion. And Pilate was saying it’s unnecessary. Everyone was, “this is kind of mad.” Because when people say, you know, “good teacher,” “prophet,” “really nice guy,” and this is not how Jesus thought of Himself.  

So, you’re left with a challenge in that, which is either: Jesus was who He said He was, or a complete and utter nut case. You have to make a choice on that.

And I believe that Jesus was the Son of God.

Wow…

I’d actually heard about this a few weeks back while listening to our local K-LOVE affiliate. Then I turned on the local news, …then the “other” MSM stations, …Radio, …TV, …

***insert sound of crickets chirping here***

Hmmm, why wouldn’t they report such a thing?

Oh. Yeah:

I guess Bono just didn’t “come out” with the appropriate type of news that fit the predetermined, MSM narrative.

***sigh***

Then one morning, I woke up to the following clip on ‘Fox and Friends’. The actual speech is nearly an hour in length (you can see it all HERE), but this segment really struck me:

Isn’t this news? In our hyper media-ized world, everything a celebrity says, does, wears or buys at the store is news these days. And here we have Bono, …BONO!…, saying in effect that Aid is a stop-gap, only, and Capitalism takes far more people out of poverty than Aid does.

***crickets begin chirping again, louder this time***

No matter.

This message will still get out, whether or not the press ignores it. As a result, some folks will actually be inspired to examine these topics, perhaps for the first time. Minds which have heretofore been closed to the inherent truths of both Christianity and Capitalism will be opened.

And won’t that be A Beautiful Day?

Attention Fast Food workers: you may ALREADY be obsolete

mcdonalds_logo 5555Within the past few weeks and across the country, thousands of Fast Food workers have walked off the job. They’re on strike, and insist on being paid more than double our national minimum wage.

Now, many of us have spent some amount of time employed in a Wendy’s, McDonald’s or a Burger King, commonly back when we were just teenagers: the hours are flexible, and the level of mental effort required is minimal. Entry level employment in this industry is usually considered to be a stepping stone on to greater things, whether that means a management position within the fast food chain, or a different job altogether.

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“I, Pencil”: A Pointed Little Tale of Economic Wisdom

pencil good

Do you know how to make a pencil?

You know: those classic yellow wooden #2 pencils that most of us over 30 grew up with? Surely something which has been around for so long, yet which even today can be purchased with just a few pennies, must also be cheap and simple to make.

But you know better than that, don’t you? Even considering that there are only four basic parts–the wood, the graphite, the metal ferrule and the eraser–there is obviously a tremendous amount of specialization involved in gathering all the ingredients and assembling them into a marketable, affordable product.

No one person could possibly do it.

Yet if the government decided that the pencil industry was grievously mismanaged (pencil factories have wood shavings on the floors!, yellow is a racist color!, those sharpened points are dangerous!!) and announced it was taking charge…many would claim that was a good thing, as has been claimed so many times before.

After all, none of us could do any better. If the government can solve the problem, we should let them.

Right?

thomas_sowellColumnist Thomas Sowell, in his August 7 editorial, “Busybody Politics”, observes that:

“Sometimes it seems as if there are more solutions than there are problems. On closer scrutiny, it turns out that many of today’s problems are a result of yesterday’s solutions.Continue reading

A CLASSIC Video: “Keynes vs Hayek”, plus the behind-the-scenes interview with the writers

Barack Obama Campaigns Less Than Two Weeks Away From Election DayI’ve wanted to do this post for at least a year.

And yet, some more pressing topic always seemed to push it onto the back-burner. But with President Obama’s running around the countryside, talking up his latest Economic Recovery plan (which I assume is a recovery from his PREVIOUS Economic Plans), this finally made its way to the front of the line.

But first we need to set the table a bit, so you’ll need to read this post from Erika over at HotAir.com. To give you a hint as to its overall tone, here’s just the first sentence which she includes from a letter by the editors of the Chattanooga Times Free Press:

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