While the private-sector is drowning under a perpetual recessionary storm, U.S. regulatory agencies are flourishing. "If the federal government’s regulatory operation were a business, it would be one of the 50 biggest in the country in terms of revenues, and the third largest in terms of employees, with more people working for it than McDonald’s, Ford, Disney and Boeing combined," writes John Merline of Investors.com.
Indeed, the federal regulatory business is thriving, and if there is one "victory" President Obama can declare, this is it, because government regulation has grown rapidly under his watch. From Investors.com:
The recent attempt to terminate both the ethanol subsidies of $.45 a gallon and the $.54-per-gallon import tariff on Brazilian sugar-based ethanol by the Senate failed because it was an amendment attached to a bill that was doomed to failure anyway. Both will cease on December 31 automatically, ending 33 years of subsidizing the ethanol industry; however, food prices are likely to stay high anyway. The main reason is neither the subsidy nor the tariff, but the mandate by the government requiring gasoline refiners to continue to increase their usage of ethanol when blending their gasoline products. Under the 2007 Renewable Fuels Standard, the United States is required to use 12.6 billion gallons of ethanol this year, increasing to 15 billion in 2015, and 36 billion gallons by the year 2022.
Agriculture Secretary Tom Vilsack claims food stamps and other forms of government welfare are camouflaged stimulus programs that stir job growth by pumping money into the economy. After questioned about the cancerous issue of unemployment and the growing number of impoverished Americans forced to live on food stamps, Vilsack responded that the reason so many Americans are on food stamps — 46 million, or one in seven people — is because the Obama administration has helped states get "the word out" about the program.
During an interview on MSNBC’s "Morning Joe," Vilsack asserted that though the food stamps program dates back to 1939, large states such as Texas and California have "underperformed" in bridging eligible participants to the program. "The reason why these numbers have gone up is that we’ve done a pretty good job of working with states that had done a poor job in the past in getting the word out about this program," he alleged. "We’re now working with them to make sure that people who are eligible get the benefits."
Former Secretary of State Henry Kissinger has been riding the promotion circuit since his latest book, On China, was released on May 17 by Penguin Press. The release was timed to precede the 40th anniversary (July 9, 1971) of his secret trip to China that is credited with opening relations between the United States and the Communist regime of Mao Zedong (which was then assisting the Communist forces that were killing American troops in Southeast Asia).
The book's release also, coincidentally, was well timed for exploitation by the Chinese Politburo for the 90th Anniversary of the founding of the Communist Party of China (July 1, 1921). As to be expected, the 608-page tome has been showered with adulatory reviews from the Kissinger-adoring mainstream media. Some examples: "Nobody living can claim greater credit than Mr. Kissinger for America's 1971 opening to Beijing ... a fluent, fascinating...book," — the Wall Street Journal. "Fascinating, shrewd..." — the New York Times. "From the eminent elder statesman, an astute appraisal on Chinese diplomacy ... Sage words and critical perspective ..." — Kirkus Reviews.
The optimism and patience of the Congressional Black Caucus, after two and a half years of Obama-rule, has finally given out. They are now accusing the Obama administration of failing to adequately address a veritable epidemic of African-American unemployment.
"Can you imagine a situation where any other group of workers, if 34 percent of white women were out there looking for work and couldn't find it?" asked Rep. Emanuel Cleaver, a Missouri Democrat and chairman of the caucus, in July 2011. "You would see congressional hearings and community gatherings. There would be rallies and protest marches. There is no way that this would be allowed to stand.”
Unfortunately for them, the first black American president has no credible answer for the caucus. The trouble is that for decades black leadership in and out of Congress has done nothing to tackle the problem of what might be termed "the black underclass."
Further evidence that the unions have resorted to thuggery can be found in Ohio, where business owner John King was shot and almost killed for being non-union. While unions have been found to engage in shakedowns and bullying tactics, this most recent incident represents a new chapter in union thuggery.
Reports indicate that King had been harassed repeatedly prior to the shooting. Union thugs often threatened King with violence.
According to The Blaze:
John King owns one of Toledo’s largest non-union electrical contracting businesses. With 25 employees and an A+ rating from the Better Business Bureau, King’s business reportedly often thrives while other unionized electrical contracting businesses fail due to their higher rates.
I’ll be the first to agree that politicians and bureaucrats have no principles. But government itself does; like other entities, it operates according to certain precepts. We who loathe the State do well to understand these laws the better to combat its wickedness.
Perhaps first among them is Jefferson’s famous dictum, "The natural progress of things is for liberty to yield and government to gain ground” — an unanswerable argument for anarchy, and one whose proof this country’s history amply supplies. Even the most strictly, constitutionally limited government will explode into a totalitarian nightmare; those yearning for a permanently small State crave the impossible. They are as foolish as parents who expect their child to remain three years old for the rest of his life.
We owe a second axiom to Lord Acton: “Power tends to corrupt and absolute power corrupts absolutely.” Voters who believe “good” politicians can save the country ignore the fact that every elected sociopath gained office precisely because enough people mistook him for our rescuer (presuming American polls are as open and honest as Our Rulers pretend).
By his first executive order, Governor Sam Brownback appointed Dennis Taylor to the new office of Repealer, to cut the size of government and reduce its intrusion on the people and economy of the Sunflower State. The website for the Kansas state government now includes a tab for the Repealer, which, when clicked, states:
If you believe that an unreasonable, unduly burdensome, duplicative, onerous or conflicting law, regulation or other governing instrument, detrimental to the economic well-being of Kansas, exists, please provide us with information in the fields below.
Please enter your information and the law, regulation, or rule that you would like to have reviewed.
During a luncheon at the Wichita Pachyderm Club, Taylor explained what has already been done to improve the efficiency of the Kansas Department of Administration, adding that he expects approximately 300 repeal recommendations to be delivered soon.
Warren Buffett, better known as the Oracle of Omaha, earned $40 million last year and paid $7 million of it in taxes. But in his editorial in the New York Times on Sunday, he claimed that he doesn’t think he’s paying enough, and neither are his friends. So he’s asking the SuperCommittee to stop “coddling” him and his friends, and raise their taxes as part of the deficit reduction scheme they are hatching.
He began by suggesting that government leaders have called for “shared sacrifice” but that he didn’t get the call. “I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.”
Unfortunately, facts are not only stubborn, they are different. In his editorial, Buffet notes that incomes of the top 400 taxpayers (many of them his friends) had grown from $16.9 billion in 1992 to $90.9 billion in 2008, but that their actual tax rate over that period had declined.
Is President Barack Obama working on a proposal to keep Uncle Sam deeply involved in the mortgage business and taxpayers on the hook for billions of dollars in home loans? The White House says no, the President is merely examining his options. Meanwhile, the Washington Post, based on leaks from anonymous officials, reports that he is indeed looking to maintain the federal government’s outsized role in guaranteeing mortgages.
Most sound observers of the mortgage crisis say that to maintain the status quo would be incredibly foolish. They have concluded that federal guarantees of subprime mortgages via “government-sponsored enterprises” Fannie Mae and Freddie Mac, along with other federal policies encouraging banks to issue loans to less-than-creditworthy borrowers, were one of the major causes — if not the major cause — of the mortgage meltdown. Fannie and Freddie, since taken over fully by the government, have thus far cost taxpayers over $150 billion in bailouts, an amount that is expected to reach $259 billion by the time all is said and done. Who in his right mind, analysts ask, would want to continue down such a disastrous path?