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Showing posts with label Capitalism. Show all posts
Showing posts with label Capitalism. Show all posts

Tuesday, November 08, 2016

October’s jobs and economic numbers do not warrant much celebration




President Barack Obama’s last chance before the election to show that Democrat policies are producing favorable economic and job conditions has ended, and October’s economic numbers contain some positive news, but not a lot.

Among the better news, the most often cited unemployment rate dropped slightly, and average hourly earnings for all employees on private nonfarm payrolls rose by 10 cents.

President Obama and the Democrats are thrilled that the U-3 unemployment rate dropped a bit in October to 4.9 percent, the same level at which it stood in June, July and August before rising to 5.0 percent in September. Unemployment of 4.9 percent is a respectable rate, so long as other factors do not provide contradictory facts. But, alas, they do.

The U-3 rate is one of six different looks at alternative measures of labor underutilization in the country, and counts those in the labor force who are working as well as those who have lost their job, but are actively looking for another one.

The weakness of the U-3 is, however, that there are a tremendous number of Americans of working age who are not working or looking for a job any longer because they became discouraged at being unable to find a job, and have dropped out of the labor force, although they would gladly go back to work if the business climate improved and the economy produced a job for them. The U-6 rate reflects the unemployment rate with these folks included in the calculation, and stood at 9.5 percent at the end of October. The U-6 rate is far more reflective of the actual health of the employment environment than the more frequently cited U-3 rate, and 9.5 percent is not good.

Thus far in 2016, employment growth has averaged 181,000 per month, compared with an average monthly increase of 229,000 in 2015. Neither level has been enough to help those millions of discouraged workers who have given up looking for work, as demonstrated by the U-6 unemployment number.

In October, 1.7 million persons were marginally attached to the labor force. While total nonfarm payroll employment rose by 161,000 in October, 487,000 discouraged workers dropped out of the workforce; three times as many people quit the workforce because they couldn’t find a job as were hired for a new job. That explains the small improvent in the U-3 rate.

“The sectors witnessing the strongest boost in hiring over the past year included education, health and professional and business services in October,” write Nick Timiraos and Josh Zumbrun on The Wall Street Journal blog. “The sectors with the weakest performance included manufacturing and mining.” Service sector jobs thrive while manufacturing sector jobs continue to suffer. And, since the last recession began in December of 2007, the number of new full-time positions and the number of new part-time positions are nearly equal.

Neither of these are good signs. Most people want full-time jobs, but they are in short supply, and that means lower earnings as a part-timer, or having to work multiple jobs to make ends meet. And in terms of worker earnings, manufacturing jobs most often pay better wages than service jobs.

The Labor Force Participation Rate was at 62.8 percent at the end of October, muddling along at levels not seen since the late 1970s.

A participation rate of 62.8 percent means that of every 1,000 people of working age that are actively in the labor force or have dropped out but are willing and want to work, only 628 have a job, a little less than two out of three. That translates to 94.5 million Americans of working age that are not working. The highest the participation rate has been in 2016 is 63.0 percent and the lowest is 62.6. Until after the recession began near the end of 2007, the participation rate hovered around 66.0, and nothing President Obama has done in eight years has reversed the steady slide and the leveling out in the 62 percent range.

After seven years in office the Obama economy had produced an average real GDP growth rate of a weak 1.55 percent, ranking Obama as fourth from the bottom of previous Presidents of the United States. In October 2016, GDP registered a growth rate of 2.9 percent, by far the best this year. However, by comparison, U.S. real GDP growth averaged 3.79 percent from 1790 to 2000. The Obama administration’s over-regulation and poor tax policies hampered business activity, hence job production.

As voters go to the polls to complete the process of choosing Obama’s successor, a major question is whether they will vote to elect Hillary Clinton and stay on the present failed course for four or perhaps eight more years of economic weakness, millions of Americans out of work, weak GDP, and jobs forced overseas by foolish tax and regulatory policy.


Or, will they vote for a change by electing Donald Trump, who at least very well understands business and how economic policies like those of Obama and Clinton harm the very people they are elected to serve. Let us hope for the latter, and provide America the chance for better things in the future.

Tuesday, February 17, 2015

Potpourri: Environmentalism, Obamacare and high school seniors



United Nations environmental figure reveals new goal

Its enemies dislike capitalism in great part because it is based, generally, upon people doing what they want when they want to, and the United States, even with this current infection of liberalism/progressivism, stands as a grand tribute to the blessings of capitalism. For some 150 years the United States’ capitalist economy has achieved what other nations and economic models dreamed of and promised, but never came close to.

Monarchs, dictators and other leaders dislike capitalist liberties, preferring to limit the freedom of their subjects. They are much easier to control that way. But that control produces harmful limitations.

Environmentalism is a great enemy of capitalism, not because of its ultimate goal so much as its irrational methodology, which has done so much damage to our nation.

Christiana Figueres, executive secretary of the U.N.'s Framework Convention on Climate Change, made an interesting admission, at a news conference last week in Brussels. She said that the goal of her convention is not to save the world from ecological calamity. That goal is instead to destroy capitalism.

"This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution," she said, as reported by Investors Business Daily.

Bloomberg News, reporting on comments made by Ms. Figueres in an interview, wrote that China, in contrast to the U.S., is able to implement policies “because its political system avoids some of the legislative hurdles” other countries have. Or in other words, “Damn those freedom-loving capitalists!”

Environmentalists hope that a new international treaty will be approved at the climate change conference in Paris later this year. Environmental goals will be much easier to achieve if all nations sign on to the U.N. plan and agree to beat their citizen-subjects into submission, no matter how much unnecessary pain and suffering that entails.

It should be clear why the United Nations wants to kill capitalism, since that is the source of America’s ability to resist that power-hungry organization’s efforts to become a world government.

The U.S. needs to abandon the United Nations.

Obamacare co-ops going broke

Writing for The Daily Signal online, Melissa Quinn reported that after receiving $2.5 billion from the federal government, most of the 23 nonprofit insurance companies created under the Affordable Care Act are going broke. If they have to shut their doors, taxpayers will be responsible for an average of roughly $108 million for each of them.

The Daily Signal reported that leading insurance rating firm A.M. Best found that all but one of the co-ops experienced operating losses through September 2014. “A.M. Best is concerned about the financial viability of several of these plans,” the report states. The exception is Maine Community Health Options, which received $132.3 million from the government.

State requires students to pass citizenship test to graduate

Here’s an idea that deserves to be copied by the other 49 states and the District of Columbia. Arizona Gov. Doug Ducey, a Republican, signed a law into effect last week that requires high school students to pass the same test immigrants must pass to become citizens in order to graduate, the first such law.

“Why is such a requirement thought to be necessary?” you may ask. Is there a rationale for why existing Americans should know less about their country than immigrants wanting to become Americans?

Consider that a survey by the Annenberg Public Policy Center in 2011 found that “just 15 percent of Americans could correctly identify the chief justice of the Supreme Court, John Roberts, while 27 percent knew Randy Jackson was a judge on “American Idol.” Only 13 percent knew the U.S. Constitution was signed in 1787. And just 38 percent were able to name all three branches of government.”

To pass, students would have to correctly answer just 60 of 100 questions. Here are some examples:
·      How many amendments does the U.S. Constitution have?
·      If both the President and the Vice President can no longer serve, who becomes President?
·      Under our Constitution, some powers belong to the federal government. What is one power of the federal government?
                  To provide schooling and education
                  To issue driver's licenses
                  To make treaties
                  To build roads
·      Under our Constitution, some powers belong to the states. What is one power of the states?
·      Who was president during World War I?

The sponsoring organization, Civics Education Initiative, hopes all 50 states will be mandating the test by the 230th anniversary of the U.S. Constitution on Sept. 17, 2017.

Now the government wants to control the Internet

The Internet is one of the most successful modern creations, but whenever something is successful, the control freaks in Washington get all excited.

Under a scheme referred to as “Net Neutrality,” the Internet will be declared a “public utility” and the FCC then gets to decide what Internet service providers can charge and how they operate. Less freedom; higher costs: What’s to like about this? Let your Congressional Representative and Senators know you oppose Net Neutrality before the vote scheduled for February 26.

Tuesday, December 09, 2014

If we raise the minimum wage, we’ll get these fantastic results!!

The narrative of the left is that even people who have never had a job and/or don’t have any skills deserve and need a “living wage.” Merriam-Webster defines a living wage as “a wage sufficient to provide the necessities and comforts essential to an acceptable standard of living,” which varies widely depending upon where one lives.

The drive for a hike in the minimum wage to $10.10 an hour, or sometimes as much as $15 an hour, lives on as a cause du jour for some Americans, defying the laws of business economics. Workers, labor unions, and politicians, support the wage hike through lobbying efforts, civil demonstrations, and labor strikes often paid for by labor unions.

These folks reject out of hand the fact that every job has an actual calculable value in the business it is a part of that takes into account the benefit to the business’s entire operation, the qualifications of the worker, and other real factors, unlike what drives the minimum wage hike: it is a nice idea, makes people feel good, helps unions raise members’ wages, and garners support for politicians.

The National Center for Policy Analysis (NCPA) notes that minimum wage hike proponents support an increase because it would save the government money in social support services, since those whose wages rise will be less likely to seek and need welfare benefits.

Research by the Economic Policy Institute shows that increasing the minimum wage to $10.10 an hour would reduce welfare spending by $7.6 billion, but that is only 3.8 percent of the total of $200 billion in welfare spending that taxpayers fund. Not that saving seven or eight billion is a bad idea.

However, in its efforts to give to people things they should earn through personal effort, the left focuses on the benefits of their ideas, and ignores the negative consequences.

This erroneous reasoning is responsible for a long and growing list of government programs the negatives of which far outweigh their benefits. The Community Reinvestment Act combined with repealing Glass-Steagall, and Operation Fast and Furious spring quickly to mind.

Addressing the negative impact of a wage hike, NCPA cites research by Ben Gitis of the American Action Forum asserting that raising the minimum wage will result in lost jobs. His analysis shows that 2.2 million new jobs would not be created, totaling a stunning $19.8 billion in lost earnings, if the minimum wage is increased.

The truth is that the number of minimum wage earners who really need a living wage is tiny. Only about 3.6 million workers, or 2.5 percent of all workers, earn the minimum wage, according to Bureau of Labor Statistics, and teenagers living at home comprise 31 percent of that group. And 55 percent are 25 years old, or younger, mostly inexperienced and just learning skills. Therefore, of all workers over 25, only 1.1 percent would be affected by a wage hike that would cost 2.2 million future jobs.

Combine that small number with the fact that well over half of workers earning less than $9.50 an hour are the second or third earner in a family, two-thirds of whom earn more than $50,000 a year, and that critical number shrinks even more.

As a percentage of hourly workers those earning the minimum wage has shrunk dramatically since 1980, when they comprised 15 percent of that group. Today, that portion is just 4.7 percent. And more than half of them are part-timers working less than 30 hours a week.

If you earn the minimum wage it certainly is appealing to imagine getting an increase in your wage of about half. But a hike in the minimum wage has to have solid economics-based reasons behind it, or it shouldn’t happen. The economic reality is that the numbers just don’t add up to support a $10.10 an hour minimum wage.

This wildly popular idea evolves from not understanding business and basic economics. How, in a country with education spending on average of $11,000 per student per year, can there be so many who have no idea about things like supply and demand, and how high costs, high taxes, excessive regulations raise prices and decrease sales.

The United States has just lost the top spot in the world in productivity to China, the first time since Ulysses S. Grant was president that America has not led the world.

A friend who ran a company doing business in several foreign countries was talking about his company’s expansion into China a few years ago. At the time China had 1.35 billion people, he said: 100 million communists, and 1.25 billion capitalists.

While Communist China embraces capitalist principles and becomes the most productive nation, the United States, once the bastion of free enterprise, increasingly embraces socialistic mechanisms and lost the lead in productivity for the first time in more than 130 years.

Most likely few of the proponents have ever had to make a payroll or keep a business viable in the face challenges like competition, high taxes and onerous regulations.

Foolish ideas like raising the minimum wage without sound reason helps explain our loss to China and our overall anemic economy. 

Tuesday, October 28, 2014

This year’s election can help change the direction of our country

Next week’s election provides an opportunity to take a big step toward correcting the numerous wrongs afflicting America.

The federal government is too big, too expensive, too oppressive, and too intrusive. Some of those who work for us in Washington and elsewhere misbehave: they lie, cheat and steal, put politics ahead of service and pay no penalty for it. Sometimes, they are rewarded for their treachery.

They believe it is their job to decide what we should eat, what kind of toilet to buy, what kind of light bulbs to use, what we can and cannot say, what health insurance we must buy, which industries should be shut down, how our electricity should be produced, how we may utilize our own private property, the minimum amount employers must pay the least experienced and least knowledgeable workers, who we can do business with. They want to know who we talk to and what we think, and think they can tell religious organizations they must violate their principles or face penalties, and they waste our money on frivolous projects that often fund their friends.

What ever happened to being able to like or dislike anything at any time for any reason, or for no reason? What happened to “we reserve the right to refuse service to anyone?” People invest their money, mortgage their home to fund a business, only to find they are not actually in charge of it; they must follow sometimes-foolish government rules, or suffer the consequences.

The excesses, corruption and wrongdoings of the federal government are much worse than those of state governments, which in turn are much worse than those of county and municipal governments. Why? Because the smaller and closer government is to the people it serves, the more responsive to and respectful of those people it is.

It has not helped that our federal government is staffed by career bureaucrats who often take on a sense of power and privilege beyond their limited authority, and it is run by career politicians, many, perhaps most, of whom at some point shift their focus from good and faithful service to being re-elected.

Flipping channels the other night I came upon a replay of the Communist Party USA convention in Chicago last June on C-SPAN3.

Party Chairman Sam Webb was speaking: “Here are my two cents. What is needed is nothing less than the restructuring of the economy and the consistently and deeply anti-corporate and eventually socialist direction.”

Among the things Mr. Webb favors are “a guaranteed livable income for all and the reduction of the workweek with no cut in pay” … “and major expansion of every aspect of the public sector to education, housing, retirement security, health care, elder care, and so forth.” He supports raising the minimum wage, and the idea that everyone who isn’t doing well – the underpaid, underemployed, unemployed, the discriminated against, struggling families, students, the underwater homeowner, the bankrupt city” – are victims of capitalism.

He favors moving “government priorities away from military spending.” And he wants the wealth amassed by the evil 1 percent to be transferred into “public hands, our hands.”

He sounded just like big government American liberals, who prefer to call themselves “progressives,” presumably to describe their drive toward socialism/communism.

Mr. Webb might have listed the countries that have thrived after implementing these ideas, but he didn’t, because there aren’t any. Though heaven knows many have tried: Cuba, North Korea, China, Vietnam, Laos, et al. They exist as repressive nations forcing their ideology on their citizens and killing or imprisoning those who disagree, and usually have to adopt some capitalist market characteristics to survive.

Under our Constitution, which designed the government that led the United States to levels of greatness and a degree of individual freedom never before imagined, the federal government was never supposed to be what it has become: an obese and controlling machine that is blind to or unconcerned with its harmful effects on the people it is designed to serve.

Much authority was deliberately left to the states and to the people, as so stated in the Tenth Amendment to the Constitution. “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”

From 1955 until 1980 Democrats controlled both houses of Congress, also from 1987 to 1995, and again from 2007 to 2011. Since 1955 Republicans controlled both houses of Congress for only 10 years, during the period 1995 to 2007, while Democrats were in control for 50 years. During this period of Democrat dominance, government has grown into a gargantuan monstrosity that threatens our freedom, and indeed our very survival today.

Capitalism and limited government got us where we were when the United States was on top. Liberal Democrats took us from there to the low point where we are now. The devolution will continue unless we put a stop to it. The Republican Party is the only viable mechanism to slow or stop the headlong slide toward socialism/communism we have witnessed over the last few decades.

Vote Republican in this election.

Tuesday, July 29, 2014

Does stopping corporate inversions require a stick, or a carrot?

The Obama administration and Democrats in Congress have recently focused on corporate “inversion” as something needing quick attention. In an inversion, a US company starts or buys into another company in a country with a lower corporate tax rate and then calls the new country home, enabling it to avoid some taxes in the US. Although US companies still pay the same rates on US income, the lower rates apply to income earned abroad.

The Congressional Research Service reports that there have been 47 inversions in the last decade, and Business Week online identified 14 since 2011. The administration brought the issue to the fore with a letter from Treasury Secretary Jack Lew saying that inversions ‘’hollow out the U.S. corporate income tax base.”

The issue has both practical and political importance, highlighting the lower amount of corporate taxes collected, and also providing politicians who may be or become candidates for office a populist issue to exploit, like Sen. Elizabeth Warren, D-Mass., considered a potential presidential candidate.

Leaders of both political parties on the Senate Finance Committee – chairman Ron Wyden, D-Ore., and Sen. Orrin Hatch, R-Utah – agree that the tax code needs major reform, however, the two parties have different approaches on exactly how to accomplish that goal.

Peter Merrill, a director at PricewaterhouseCoopers, testified before the Finance Committee and discussed how US corporate taxation rules compare to those of other countries. He named two areas of the US tax system that “fall far outside international norms: the high corporate rate, and the worldwide system of taxation,” both of which he said make it more difficult for US companies to compete in global markets. Citing increasing competition from other nations, he said in the last 15 years the number of US companies on the Forbes Global Top 500 list has dropped by a third, from 200 to 135, and noted that the US corporate tax system contributes to this decrease.

The US corporate tax rate is the highest among major economies, Dr. Merrill said, more than 14 points above the average for the other Organization for Economic Co-operation and Development countries, and nearly 10 points higher than the average for the other G7 countries. And he noted that while other countries have substantially lowered their tax rates since 1986, the US raised its rate to 35 percent in 1993.

President Barack Obama wants Congress to enact corrective legislation that is retroactive to May, arguing that the proposal will stop companies from rushing into deals to avoid lower taxes. And he accuses these corporations of being economically unpatriotic.

Reuters reported that Mr. Obama said in remarks at Los Angeles Technical College: "Even as corporate profits are higher than ever, there’s a small but growing group of big corporations that are fleeing the country to get out of paying taxes.” And he added, "They’re technically renouncing their U.S. citizenship, they’re declaring their base someplace else even though most of their operations are here. You know some people are calling these companies 'corporate deserters.'”

Other prominent Democrats echoed that sentiment. Rep. Chris Van Hollen, D-Md., quoted in The Wall Street Journal, characterized these companies as "deserting the U.S. in order to dodge their obligations to the country and American taxpayers."

Senate Finance chairman Wyden wants to make it harder for U.S. companies to move their headquarters abroad, and commented, "… corporations must understand that they won't profit from abandoning the US." Secretary Lew joined that view, calling for a "new sense of economic patriotism."

Attacking companies as “unpatriotic” because the US tax system is punitive and encourages them to move overseas to lower costs is both hypocritical and dumb. They are legally operating within the complex and confounding framework government provides for them, and are trying to maintain profitability in an increasingly competitive global market.

Democrats want action taken now to limit inversions, but there are sound arguments that this will make things worse. Putting duct tape on the tax code instead of rewriting it and making it comprehensible and sensible is why things are such a mess. Comprehensive tax reform is the best solution.



It’s not for nothing that the Democrat Party has been tagged “the tax and spend party.” They go happily along championing high taxes to fund politically popular programs without any apparent clue that their policies frequently do more harm than good.

“Comprehensive tax reform would reduce deductions and lower tax rates for everyone," said Michael Steel, spokesman for House Speaker John Boehner, R-Ohio.

The way to encourage businesses to stay in the US and expand, or relocate to the US is to make it desirable for them to do so, and have a tax code that says “we want you here.” That means slashing tax rates to competitive world levels, stop taxing foreign income and eliminating some deductions.

Businesses provide goods and services that people want and need. They also provide jobs that enable people to afford things they want and need, and they pay taxes that support governments at all levels.

Business is the goose that lays the golden egg. Democrats need to understand that instead of beating the goose, they need to nourish it.

Tuesday, January 14, 2014

As the New Year begins, government’s policies are still failing us

As the economic non-recovery crawls into 2014, the “good news” on the jobs front – that the unemployment rate dropped .3 percent in December to 6.7 percent – is far less impressive when you look beneath the surface.

The reason the unemployment rate dropped was not that a strengthening economy produced a sharply higher number of new jobs, as should be expected in a true recovery. December showed only a puny 74,000 new payroll jobs were added. Data from the Bureau of Labor Statistics (BLS) indicates that the drop resulted because five times that many people – 374,000 – became discouraged that they couldn’t find work and dropped out of the labor force.

Adding even a small number like 74,000 to a smaller labor force misleads us into thinking things have improved.

The BLS identifies June of 2009 as the official end of the recession, at which time the labor force participation rate was 65.7 percent (162 million workers). At the end of December, the rate stood at a pitiful 62.8 percent (155 million workers).

Using the size of the labor force in 2009 and the adding back into the equation the 7 million who have dropped out, the unemployment rate is just under 11 percent.

We should not celebrate a drop in the unemployment rate to 6.7 percent when 7 million Americans have given up looking for work because the economy still has not produced jobs for them.

Hopefully, the New Year will bring an infection of fiscal responsibility to our national leaders. It is interesting how liberals see global warming/climate change – a widely popular but unproven theory – as a true crisis, but don’t see years of budget deficits near and above a trillion dollars, and a national debt of nearly $17 trillion, as a problem.

President Barack Obama’s first year in office, 2009, saw a deficit of $1.4 trillion, which gets credited to George W. Bush, but contained the contribution of nearly $200 billion from the Obama stimulus. But over the next four years Mr. Obama racked up more than $4.2 trillion in deficits – FY 2010: $1,294 billion; FY 2011: $1,300 billion; FY 2012: $1,087 billion; FY 2013: $680 billion. This fiscal year the projection is a deficit of $744 billion, and the FY2015 deficit is projected at $577 billion.

To help put this in perspective, The Weekly Standard noted back in November of 2012 that, “According to the White House OMB, we ran up $1.8 trillion in real (inflation-adjusted) deficit spending during fiscal years 1942-45,” and that “we’ve now run up $3.4 trillion in real (inflation-adjusted) deficit spending under Obama — in less time than it took us to fight World War II.”

If there is good news in Obama deficit numbers it is that the deficits are coming down, but real good news would be Congress and the president taking concrete steps to get spending under control.

That seems unlikely, given Rep. Nancy Pelosi’s (D-CA) opinion that “The cupboard is bare. There’s no more cuts to make,” a position gleefully adopted by most, if not all, Congressional Democrats.

In her view there is no waste, fraud or abuse, despite more than ample evidence to the contrary, and there’s no unnecessary spending, either.

Senator Tom Coburn (R-OK) issues an annual report on government waste, and in “Wastebook 2013,” he lists 100 examples totaling $30 billion. Heaven only knows the total of all the wasteful spending of the federal government.

* The military has destroyed more than 170 million pounds of useable vehicles and other military equipment, approximately 20 percent of the total U.S. war material in Afghanistan, totaling $7 billion, rather than sell it or ship it home.

* The SuperStop is a $1 million bus stop complete with heated benches and sidewalks, and wireless zones for personal computers. Yet its roof doesn’t protect from the rain, snow, wind or blazing sun.

* One of NASA’s next research missions won’t be exploring an alien planet or distant galaxy. Instead, it is spending $3 million to go to Washington, D.C. and study one of the greatest mysteries in the universe — how Congress works.

* When officials at the Manchester Boston Regional Airport in New Hampshire installed new solar panels costing $3.5 million, they did not anticipate one quarter of them would not be used 18 months later because the reflection from the panels blinds pilots and controllers.

* The Treasury Department’s Inspector General for Tax Administration discovered the IRS paid up to $13.6 billion in false Earned Income Tax Credits in 2012.

* While millions of Americans continue to pay taxes on their hard earned wages, many federal employees are tax cheats, to the tune of $3.6 billion.

* The feds keep the lights on in empty and little used federal buildings, costing $1.5 billion.

* Out of the $33.5 billion in Pell Grants the federal government doled out last year, individuals posing as students took off with $1.2 billion.

When an elected public servant believes there can be no spending cuts in the face of such wanton waste, it speaks volumes about the integrity and motivation of that individual.

Federal spending is a giant problem that we had better address soon.

Tuesday, October 22, 2013

Random thoughts on the passing scene



Some of those who think the American health care system needed to be trashed and reformed in the image of the Canadian system might be interested in the opinion of Bacchus Barua, a senior economist with Canada's Fraser Institute.

"Healthcare in Canada is anything but free," he states, noting that the average family of four pays more than $11,000 a year in taxes for hospital and physician care. However, he explains in an article for The American "surely such expenditure is justified if Canadians receive a stellar healthcare system in return for their tax dollars. Unfortunately, that simply isn't the case."

Specifically, he lists some problems with his country’s system:
** Canada has fewer physicians, hospital beds, and diagnostic imaging scanners, and performs fewer medical interventions than its American and European counterparts.
** Canada has one of the lowest physician-to-population ratios in the developed world.
** A recent survey found that Canadians must wait an average of about 4 1/2 months for medically necessary elective procedures after referral from a general practitioner.
** The wait for diagnostic imaging technologies like MRIs is over two months on average.
** Patients in Canada are likely to wait two months or more to see a specialist, six days or more to see a doctor when sick or needing care, and four hours or more in the emergency room.
** Due to the lengthy waits, about 40,000 Canadians leave the country for treatment elsewhere each year [like the U.S.].
** Public drug plans covered only about a quarter of the new drugs approved for sale in Canada between 2004 and 2010.

He concludes: "These realities serve to dismiss the mythical notion that a Canadian-style healthcare system" is highly desirable.

We are headed in that direction.

*****

During the mortgage banking crisis the federal government pressured large banks like JPMorgan Chase to take over the bad mortgage loans sold by failing banks Washington Mutual and Bear Stearns. Now the government is fining JPMorgan $13 billion for helping the feds deal with the crisis. Can you say “shakedown?”

*****

Planned Parenthood involves itself with topics other than planning parenthood on its Facebook page, discussing topics like why some types of sexual activity are painful, transgender issues, and promoting Obamacare. Not exactly family planning.

An article on the Internet site bighealthreport.com reports that on Planned Parenthood’s Facebook page for teens it answers the question: “Is promiscuity a bad thing?” and that the organization defended doing so with the statement, “there’s nothing bad or unhealthy about having a big number of sexual partners.”

Isn’t this the mentality that has led to 40 percent of our babies being born out of wedlock, and males with multiple children from multiple “baby mamas?”

This “advice,” such as it is, increases the likelihood of HPV and cervical cancer among females, in addition to STDs. “Even the Guttmacher Institute, the former research arm of Planned Parenthood, considered ‘a person to be at direct risk for STDs if he or she had had two or more partners during the 12 months preceding the interview’ during one of their research studies,” Big Health Report said.

The article notes “a person with low self-esteem has been shown to engage in sexual relations earlier, and engage in riskier, unprotected sex with multiple partners.” Does that sound like “nothing bad or unhealthy” to you?

Seriously? This is what we get for $542 million in federal subsidies?

*****

The “government shut down” really amounted to about 17 percent of the government being “shut down,” and that is somewhat like going to a mall that has 100 stores and finding only 83 that are open for business. So, while things were uncomfortable for some folks, it bore no resemblance whatsoever to the government actually shutting down.

Of course, if the mall management blocked off stores that otherwise would be open, things would be more uncomfortable. No sensible businessperson would do that, but a petty, politics-dominated administration would, and did.

*****

The emotional push to raise the minimum wage to $15 dollars an hour for those working the least skilled jobs in the fast food industry puts the spotlight on a fundamental misunderstanding of basic economics.

Advocates think the wage ought to be based upon concerns totally unrelated to the job and the business the job is a part of. “I flip burgers at Burger King, and can’t support my family on what I make, so raise the minimum wage,” is the mentality behind this ill-advised movement. In their mind, if a PhD. in English, mathematics, biochemistry, or any other field somehow ended up ringing up Happy Meals at MacDonald’s, the wage ought to be based upon his/her training, or some arbitrary “living wage” concept.

A job is worth whatever the employer says it is worth. Anyone who doesn’t like the wage is free to not take the job, or to look for a better one. If the employer can’t find people to work at the selected wage, he or she will have to raise it. Anyone who tries to find a better job, but can’t, needs to pipe down and do the job the employer allowed them to have until they can find a better one.