ConAgra, Walmart and JPMorgan Lounge In The Food Stamp Safety Hammock
Thus we are left with stimulus spending that is not self-sustaining and a structural expansion in the food stamp program. In effect, we have an increase in the disincentive to work or to search for better paying employment….The Congress, however, has not helped its case by taking what so far has been a do-no-harm attitude toward agricultural subsidies. Most of the benefit of these subsidies | Read More »
Not What If – What Next (Part I: Morphine)
It was 2008, and Bill Whittle was an intelligent man deeply confounded. He wondered how in the heck people could consider voting for Junior Senator, Barack Obama as America’s next president. He finally hit on a valid analogy. He saw people in sudden, acute economic desperation and compared them to a patient in acute kidney distress. The white-hot pain gets to be intense; it shuts down your ratiocination. You fall deeply in love with the dude who promises you the shot of pain-killer which was exactly what Candidate Obama then promised. But why continue in 2012?
Well, let’s say the pain gets to be chronic. You’re still hurting forty days later, the doctor can’t fix it and the bills are stacked to your chin so you have to go to work hurting. You’d better take a little something and maybe put a stick between your teeth and suck it up. President Obama was overjoyed to hand out the little blue happy pills. Food Stamp enrollment shot up. Welfare benefits were extended, requirements for welfare reform got waived and disability applications grew faster than job creation. Such is the pharmacological brilliance of the Obama Economy. I’m not seeing any cures out there, but he’s sure got a new pill for whatever puts a gimp in your walk and makes it clear you can only get that little, magical pill from him.
It turned into a societal analog to what Operations Research Analysts describe as an absorbing state. Without getting too technical and boring you to sleep with a rap about Markov Chains, an absorbing state is a place where some object or system lands and then can’t get out. It’s like O’Hare Airport on an evening with mixed precipitation. You can plan whatever you like, but as Bob Dylan once sang “You ain’t goin’ nowhere.” You get there and you’d better love Big Brother. He owns you and your vote lock, stock and barrel.
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Julia’s Come A Long, Long Way
Barack Obama’s political ad team introduced us to Julia. What a poor, misunderstood and insulted woman. If she exists, she is a pariah. If she is a composite, nobody with pride would admit to being one of the models. Julia appeals to no one of an independent mind for two reasons. She is totally dependent and seemingly isolated. This combination of factors weakens Julia to | Read More »
We Can Now Afford One of the Two Americas, But Not Both
Redstate Colleague Moe Lane gives us an exquisitely humorous explanation of how Democrat Peter Welch got exactly the vote he wrote Speaker Boehner and requested in the House of Representatives. The House of Representatives voted 318-97 against adding $2.3Tr to the US debt ceiling without offsetting reductions in Federal expenditures. Rhetorical idiocy soon ensued. President Obama’s Baghdad Bob, Jay Carney, issued the following officially sanctioned | Read More »