Category Archives: Economics

Business, Economics, Media Criticism, Political Commentary, Space

More Denigration Of American Entrepreneurs And Industry

26 Comments

…by so-called conservatives:

Let’s look at what the Obama budget proposes. It ends our manned moon and space exploration, but it proposes a total NASA spending increase by $1 billion. So NASA won’t be totally out of business. His FY2011 budget proposed $19 billion, with emphasis on science, not on manned space flight. He wants to end NASA’s manned space flight program and rent space on Russian spacecraft. He wants to turn space transportation over to private, commercial companies, such as Space X, United Launch Alliance, Boeing, Sierra Nevada, Bigelow Aerospace and others. There is only one problem with privatization with space flight – it does not work. Space X is where NASA was in 1960 with Project Mercury. The ability to put humans into orbit exists only on paper.

Really? The Falcon 9, which has had two successful flights with no failures, and the Dragon capsule, which flew into orbit and returned safely last year, “exists only on paper”? And a capsule that can carry seven crew is “where NASA was in 1960 with Project Mercury,” which could only carry a single person? Really?

Whence comes this compulsion from many supposed anti-government and free-market types to deliberately slander private industry? Do they really hate Barack Obama that much?

Business, Economics, Political Commentary

The Administration’s War On Business

3 Comments

The head of Home Depot calls them out on it:

IBD: If you could sit down with Obama and talk to him about job creation, what would you say?

Marcus: I’m not sure Obama would understand anything that I’d say, because he’s never really worked a day outside the political or legal area. He doesn’t know how to make a payroll, he doesn’t understand the problems businesses face. I would try to explain that the plight of the businessman is very reactive to Washington. As Washington piles on regulations and mandates, the impact is tremendous. I don’t think he’s a bad guy. I just think he has no knowledge of this.

He’s being too generous. There’s little evidence that he’s a good guy.

Business, Economics, Media Criticism, Political Commentary, Popular Culture, Social Commentary

The Core Belief Of Leftism

44 Comments

Robin Hanson:

The far future seems to have put Frase in full flaming far mode, declaring his undying allegience to a core ideal: he prefers the inequality that comes from a government hierarchy, over inequality that comes from voluntary trade.

Yes, he prefers a world in which everyone is equal, but some are more equal than others. And as Glenn notes:

I always figure that people who feel this way do so because they think they’re better at sucking up to authority figures than at creating value on their own. And my guess is, they’re right about that.

And the president is a canonical example.

Business, Economics, Political Commentary, Technology and Society

The Golden Age Of Drive Through

45 Comments

An interesting look behind the scenes:

Go into the kitchen of a Taco Bell today, and you’ll find a strong counterargument to any notion that the U.S. has lost its manufacturing edge. Every Taco Bell, McDonald’s (MCD), Wendy’s (WEN), and Burger King is a little factory, with a manager who oversees three dozen workers, devises schedules and shifts, keeps track of inventory and the supply chain, supervises an assembly line churning out a quality-controlled, high-volume product, and takes in revenue of $1 million to $3 million a year, all with customers who show up at the front end of the factory at all hours of the day to buy the product. Taco Bell Chief Executive Officer Greg Creed, a veteran of the detergents and personal products division of Unilever (UL), puts it this way: “I think at Unilever, we had five factories. Well, at Taco Bell today I’ve got 6,000 factories, many of them running 24 hours a day.”

It’s as if the great advances of human civilization, in everything from animal husbandry to mathematics to architecture to manufacturing to information technology, have all crescendoed with the Crunchwrap Supreme, delivered via the pick-up window.

As Bill Whittle wrote a few years ago, an ancient Egyptian Pharaoh would marvel at a 7-11. We don’t realize what an age of miracles we live in, or how fragile it is.

Business, Economics, Media Criticism, Political Commentary

So Why Aren’t Businesses Hiring?

10 Comments

(Democrat) Steve Wynn explains:

…this administration is the greatest wet blanket to business, and progress and job creation in my lifetime. And I can prove it and I could spend the next three hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems, that keeps using that word redistribution. Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration. And it makes you slow down and not invest your money. Everybody complains about how much money is on the side in America.

You bet and until we change the tempo and the conversation from Washington, it’s not going to change. And those of us who have business opportunities and the capital to do it are going to sit in fear of the President. And a lot of people don’t want to say that. They’ll say, God, don’t be attacking Obama. Well, this is Obama’s deal and it’s Obama that’s responsible for this fear in America.

The guy keeps making speeches about redistribution and maybe we ought to do something to businesses that don’t invest, they’re holding too much money. We haven’t heard that kind of talk except from pure socialists. Everybody’s afraid of the government and there’s no need soft peddling it, it’s the truth. It is the truth. And that’s true of Democratic businessman and Republican businessman, and I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans. And I’m telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States. And until he’s gone, everybody’s going to be sitting on their thumbs.

Anyone who ever imagined that Barack Obama was a “centrist” was using some pretty exotic drugs.

[Update a couple minutes later]

Why the Democrat Party is doomed:

Like it or not, Obama is not the new FDR, but the new Gorbachev: a man forced to preside over the demise of a political system he desperately wants to save.

Democrat champions in the punditocracy confidently predict that the future of the world’s oldest political party is bright. But in fact, the coalition that is the modern Democratic Party is doomed. Every pillar upholding its heavy roof is crumbling.

If so, it’s not a decade too soon. I hope he’s right.