Time for Thorns

An independent view on life.

Posts Tagged ‘economics

Just asking…

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Which parts of the tax bill,  passed with ZERO Democratic support,  do the Democrats want to repeal?   If your  paycheck looks  bigger this week,  do you really want to give the increase back to the government?   Which dollars do  the Democrats expect people to hand over willingly?   Now that the truth about the legislation is finally seeping out,  and the very pleasant reality   is appearing  in the paychecks of ordinary people,  Democrats are reduced to bleating “It’s a scam!  It’s robbing the middle class!  You’re just getting crumbs!”   Yes,  they really do think the average American is a first-class fool who can’t count,  can’t remember the past ten seconds and has the judgment skills of a week-old kitten.

 

 

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Written by timeforthorns

February 3, 2018 at 2:19 pm

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Krugman economics in action…

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The reason  this piece  mentions Paul Krugman,  the New York Times writer who reminds us at every opportunity that he won a nobel Prize for economics,  is that he and his acolytes  presume that government spending drives economic growth.   Therefore,  any decrease in taxation and any decrease in government revenues is bad for individuals.

The sad tale of Williston,  North Dakota shows Mr. Krugman wrong.  Government spending is a tax on everyone,  and all politicians fail to control their spending desires when presented with a pile of other people’s money.   Williston had huge revenues for a time from fracking,  and spent like the proverbial drunken sailor on projects it did not need,  and now has debts it can never hope to repay.   Government growth occurs because there is privately created wealth for it to take,  and the only smart thing to do economically is to restrict government spending.  Those who create wealth generally search for ways to increase their wealth,  and they tend to be much superior than governments when it comes to spending habits.

I think we should all band together and purchase Mr. Krugman a plane ticket to Williston plus a motel room for a week.  Perhaps if he has to live in the wreckage caused by his supposed mastery of economics,  he will gain a dribble of common sense through simple observation.

 

 

Written by timeforthorns

January 20, 2018 at 3:55 pm

Still searching for disaster…

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Are Republicans in danger of losing control of Congress?   Of course,  but I think the danger is overstated,  largely because of one thing,  which is the Democrats’ constant  efforts to diminish  the tax reform bill which is putting extra dollars into the paychecks of so many Americans.

Republicans need to remind people that no Democrat voted to give the people a single cent,  and that all potential Democratic candidates have sworn to adhere to the party line and take back those extra dollars by raising taxes on individuals and businesses,  which hurts everyone and helps no one except the government and corrupt politicians who should be given much less money to cause trouble with.

We should always remember that even the few Democrats who have some understanding of economics don’t speak honestly about it.  Let’s face it — “Give us more of your money so we can entrench ourselves” is scarcely a winning campaign slogan.   Nor is it a very satisfactory way to explain that people in high-tax states lost the ability to  fully deduct  their state and local taxes because Democrats absolutely refused to negotiate,  just as they have on everything since Mr. Trump took office.

 

 

Written by timeforthorns

January 17, 2018 at 3:36 pm

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Tax cuts are bad!

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The nearly universally progressive media wants to  convince you  that tax cuts are bad,  and that you will be bitterly unhappy if you get them.   No one,  regardless of how charming they were,  has ever been able to convince me that being able to keep more of my own money is a bad thing which I could not possibly enjoy.   I daresay most of my readers have similar thoughts,  but the wider world may not recognize the ploys used to dissuade them from thinking clearly about tax reform.

 

 

 

Written by timeforthorns

December 18, 2017 at 3:33 pm

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Another Krugman fail…

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Economist Paul Krugman,  never reluctant to remind us that he won a Nobel Prize in Economic Sciences,   wrote shortly  after midnight that Trump appeared likely to win,  which would of course,  collapse the world’s financial markets,  lead to global ruination,  and from which the markets would never recover.

The Dow opened a tiny little 15 points down and within minutes began a climb to up by 251 points,  pulling other indices along with it.   I’ve never thought much of Krugman as an economic expert,  because he is an elitist snob who has never grasped that markets are made up of people,  and that when governments keep their sticky thumbs off the scales,  markets are quite efficient, which is precisely why big-government advocates hate free market principles.

Krugman had to sort of  take back  his prophecy of economic doom after he woke up,  but I look forward to many more examples of stupidity from Krugman over the next four years.

Written by timeforthorns

November 10, 2016 at 10:06 am

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Obama makes us #3…

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The USA just dropped to  third place  in the global competitiveness ranking.   We used to be in first place,  but now Hong Kong and Switzerland are ahead of us,  thanks to the anti-business and high-tax,  big regulation regime of Barack Obama.   If you think this is a good thing,  vote for Hillary,  so she and her fellow Democrats can take us down another dozen notches.

 

Written by timeforthorns

June 2, 2016 at 11:55 pm

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Sears doing what?

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I do not understand this.   Why would  Sears sell  its three best-known brands?   It seems to me that if you wanted to grow the Kenmore,  Craftsman, and Diehard brands,  you would consider dumping other items or lines which are less well-known and less profitable,  with less growth potential.   I fear a long-time icon is disappearing into the dustbin of history.

 

 

 

Written by timeforthorns

May 29, 2016 at 11:49 pm