Set aside some time for someone (or multiple someones) to read aloud the Declaration of Independence to the assembled. It will be a powerful moment, I can guarantee you.
Assuming you haven’t already thought of this, of course.
[Saturday morning update]
Happy Independence Day! For a lot of us, who still care about liberty, it takes on more meaning than usual this year.
Maybe this is one of those rare times that a politician really is resigning to spend more time with their family. If any politician would do that, it seems like this one would. In any event, I’m sure that the press and the Democrats are proud of themselves for chasing her out of politics.
…millions of full-time workers are being downgraded to part-time, as businesses slash labor costs to remain above water. Because people are working less, wages have fallen by 0.3% this year. Factories are operating at only 65% capacity, while the overall jobless rate hit 9.5%. Throw in discouraged workers who want full-time work, and the labor underutilization rate climbed to 16.5%.
The news is even worse for young people, with nearly one in four teenagers unemployed. Congress has scheduled an increase in the minimum wage later this month, which will price even more of these unskilled youths out of a vital start on the career ladder. One useful policy response would be for Congress to rescind the wage hike to $7.25 an hour (from $6.55) that is scheduled for July 24. But the union economic model that now dominates Washington holds that wages only matter for those who already have jobs. The jobs that are never created don’t count.
This is right out of the New Deal play book. Price labor out of the market by government fiat. And keep kids (many of whom live with their parents) from climbing on to the first rung of the employment ladder. Teenage unemployment is 24%, and they raise the minimum wage. Brilliant.
And then there’s this (part of a huge grand indictment of Waxman-Markey):
Naturally, Big Labor gets its piece of the pie, too. Projects receiving grants and financing under Waxman-Markey provisions will be required to implement Davis-Bacon union-wage rules, making it hard for non-union firms to compete — and ensuring that these “investments” pay out inflated union wages. And it’s not just the big research-and-development contracts, since Waxman-Markey forces union-wage rules all the way down to the plumbing-repair and light-bulb-changing level.
Via Kaus, who also notes that if this insanity is extended to health care, you can kiss any hopes of cost savings goodbye. We’ve got to put the brakes on all this economic vandalism, somehow. I hope that we can finally stop it in the Senate.
[Update a few minutes later]
The dog will hunt, but it can’t find anything.
[Late morning update]
The worst job market for teens since 1965. But let’s be sure to raise that minimum wage.
Good tips for tea partiers tomorrow. And if you don’t have a sign, don’t let it keep you home:
The most important thing you can do as a tea party demonstrator is show up. You will be absolutely astonished to find that the biggest benefit you will experience is how encouraging and inspiring it is to be among like-minded people demonstrating for a noble cause. The feelings of affirmation and connection will keep you going through all kinds of adversity in the fight to preserve the United States as a democratic republic powered by capitalism and individual liberty.
…try to walk away with something of a plan. As Glenn and I have noted, chanting and waving signs are great, but if you really want to influence the way government works, you have to put yourself in front of the folks who make the decisions. And those at the lowest levels — city and town councils, mayors, county boards, members of Congress — are rarely used to crowds of people passionately making the case for spending less money.
America isn’t hiring precisely because of government policy. Small business owners, who are usually the first into and the first out of the job pool, are standing by the fence and watching. They are paralyzed by regulatory uncertainty. If they hire someone who ends up doing poorly, will they be able to fire that person? Will they have to pay their health care bills after they’ve been terminated? If so, for how long? Who will pay for all these stimulus checks? If it will turn out to be small business, why would they hire instead of keeping costs low to prepare for the big tax bill? Where will the market move? Are you in the right business or are your clients in a politically disfavored industry? Are your clients in health care (being nationalized), autos (already nationalized), banking (somewhat nationalized) or any energy production process which uses carbon (pulverized)? Until you know, you don’t grow, and until you grow your market, you don’t grow your payroll.
Jobs aren’t languishing despite the government’s best efforts. They’re languishing because of them.
They’re actually languishing because of the government’s worst efforts. Investors (and small business owners are investors) hate uncertainty, and will sit on the sidelines until it disappears. Right now, small business is going Galt. And I sure don’t blame them.
Unfortunately, it actually plays into the fascists’ strategy of moving more economic activity out of the private, and into the public sector.
I know this is old-story politics, but two things are different. One, never has the gap between pre-presidential and in-office behavior been so wide (heaven and earth really are quite distant), and, two, the past promises of utopia have so conditioned a mesmerized media that they don’t realize their own complacency in allowing an administration to use whatever means they chose for professedly exalted ends.
This is a strange time, when we are borrowing into oblivion, redefining 60 years of bilateral foreign policy, embarking on unproven — but costly — environmentalism, nationalizing industry and health care, and gleefully establishing a veritable state-sanctioned, pro-government media on the lines Americans used to be terrified about.
In response, as I read between the lines, conservatives are told by the Obamans something to the effect, “Forget our prior demagoguery, aren’t you at least happy we backtracked and are now adopting some of your war-on-terror positions we used to trash?”, while liberals are supposed to be happy with something like, “Just forget all that stuff about ethics, transparency, and anti-lobbying/influence; we’re in power now and will do anything necessary to fulfill your agenda.”
I hope that he’s right, and that all of this two-faced behavior will come back to haunt them in the polling booths.
“What people overlook is that accomplishing ‘big picture’ programs like Apollo require accepting the concept of unlimited spending to achieve the mission,” says Ron Cogan, editor and publisher of the industry authority Green Car Journal and editor of GreenCar.com. “Current levels of unprecedented federal spending notwithstanding, electric cars are not an exclusive answer to future transportation challenges and consumers will not be willing to buy them at all costs.”
As I pointed out at the last Apollo anniversary, it’s time to stop using this economically ignorant analogy. And that means you, Mr. President. The only time that he ever talks about space is when he can use it as an excuse for one of his non-space economically nutty programs.
Only an academic could come up with the idiotic notion that it’s Walmart’s fault. It is fascist, corporatist federal policies. And not just SOX, but a lot of general business regulation that makes the paperwork and legal liabilities too daunting for a small business.
Burning one ton of coal produces about three tons of CO2. So a tax of $15 per ton of CO2 emitted is equivalent to a tax of $45/ton on coal. The price of Eastern anthracite coal runs in the neighborhood of $45/ton, so under the proposed system, such coal would be taxed at a rate of about 100 percent. The price of Western bituminous coal is currently about $12/ton. This coal would therefore be taxed at a rate of almost 400 percent. Coal provides half of America’s electricity, so such extraordinary imposts could easily double the electric bills paid by consumers and businesses across half the nation. In addition, many businesses, such as the metals and chemical industries, use a great deal of coal directly. By doubling or potentially even quadrupling the cost of their most basic feedstock, the cap-and-trade system’s indulgence fees could make many such businesses uncompetitive and ultimately throw millions of working men and women onto the unemployment lines.
It’s OK. Even if they have paychecks, they won’t be able to afford to eat any more, anyway, after the price of food skyrockets. And it will solve that pesky population problem in the third world.