Friday, August 6, 2010

Adam Smith's Free-Enterprise Economics

This President, his Economic Advisors, and appointees to any agency, or Department that has anything to do with the Economy or finances, should shun any of the John Maynard Keynes economic philosophies, and instead turn to the philosophies of Adam Smith a Scottish born Philosopher, (1723-1790). In 1776 while living in London, he published "An Inquiry into the Nature and causes of the Wealth of Nations." The book examined in detail the consequences of economic freedom. For example it covered such concepts as the role of self-interest, the division of labor, the function of markets, and the international implications of a laissez-faire economy.

The United States was the first country to experiment with the Adam Smith formula for Free Enterprise economics, and as it was implemented, it ultimately became a monumental success and as a result the United States over the last two and third centuries became the leading economic power in the world. Mr. Smith's Principles were structured on the basis of a whole national economy and natural law. The principle points of his Free Enterprise Economics are as follows;

1. Specialized production-allow each person or corporation of persons do what they do best.

2. The exchange of goods in a free market environment takes place without government interference in production, prices or wages.

3. The free market provides the needs of the people on the basis of supply and demand, with no government imposed monopolies.

4. Prices are regulated by competition on the basis of supply and demand.

5. Profits are the means by which the production of goods and services are made worthwhile.

6. Competition is seen as the means by which quality is improved, quantity is increased. and prices are reduced.




In addition to Adam Smith's formula for Free Enterprise Economics, he also had four really quite simple Laws of Economics, and they are as follows:

1. The Freedom to try.

2. The Freedom to buy.

3. The Freedom to sell

4. The Freedom to fail

"The Founding Fathers agreed with Adam Smith that the greatest threat to economic prosperity is the arbitrary intervention of the government into the economic affairs of private business and the buying public. Historically, this has usually involved fixing prices, fixing wages, controlling production, controlling distribution, granting monopolies, or subsidizing certain products." (This paragraph is a quote from W. Cleon Skousen's book The 5000 Year Leap)

It is a pity that our so called leadership in this country has blinders on and cannot see what it takes to turn this economy around and get it moving in the direction once again of true prosperity. As I said before many times Keyensian Economics just plain do not work in promoting a Free-Enterprise Economic America.

Hobbit73

Sunday, July 25, 2010

Government is Failing in Protecting our Borders

"Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence." --John Adams

John Adams is exactly right in the above quote. The "stubborn facts" are; The Federal Government has a Constitutional requirement to protect our borders, and ensure our country's sovereignty, and the Immigration and Naturalization Services has the responsibility to control immigration. Another "stubborn fact" is the Federal Government is doing neither.

Here are a couple quotes out of the Constitution that define the Governments responsibility in these areas:

Article IV, Section. 3. "The Congress shall have the power to dispose of and make all needed rules and regulations respecting the Territory or other property belonging to the United States; and nothing in this Constitution shall be construed as to prejudice any claims of the United States, or any particular state."

Article IV. Section. 4. "The United States shall guarantee to every state in this Union a Republican form of Government, and shall protect each of them against invasion."

The Federal Government has failed miserably in their responsibility to uphold the Constitution, and taking action to stem this invasion of our Southern border byMexico. With monumental hypocrisy the Attorney General of the United States Eric Holder has seen fit to sue the state of Arizona for passing immigration laws to protect their states sovereignty. Quite simply Arizona took action because the Federal Government failed in its responsibility to protect its borders, and contra illegal immigration. I think that the President and the Attorney General of the United States should have a good look in the mirror and, and upon reflection, an epiphany would occur; in the words of it would be Pogo; " We have met the enemy and it is us."

Although immigration issues are not a part of the Constitution per se, when the Civil War ended the states were faced with issues relative to immigration, and consequently, began introducing immigration policies. In 1875, the U.S. Supreme Court designated the regulation of immigration policies to the federal government, and not individual states. The first big wave of immigration to the United States began in the 1880s, and the government reacted by creating the Immigration Service in 1891. To deal with the high number of immigrants entering the country, the U.S. Congress introduced new immigration policies. The government introduced the National Origins Quota Act in 1921. The quota limited the number of legal immigrants to 3% of their current ethnic makeup in the United States. This immigration quota system was altered three years later and the percentage was lowered to 2%. In addition, Congress established the U.S. Border Patrol as part of the Immigration Service.

The whole point of the short dissertation on Immigration is to point out that the Federal Government established the immigration policies for the country, established the Immigration Services, and the U.S. Border Patrol. They (the government) seems to have not taken seriously these polices, and entities that are supposed to protect our borders, both country and state.

Again: "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence." --John Adams

Hobbit 73
http://hobbit73-politico.blogspot.com/

Sunday, July 11, 2010

Kagan

The decision to nominate an individual as an Associate Supreme Court Justice to the highest court in the land should not be taken lightly, nor based on gender, or whether the individual has "empathy" and could make better decisions than a man because she is a woman, as is the case with Sotomayor, or a woman like Elana Kagan who has a paper thin Resume' in terms litigation, and " a reputation as a consensus builder."

Excuse me, I am just an old country boy, however, it has always been my understanding that the Supreme Court at the completion of hearing the arguments of the litigants would retire to their chambers to contemplate the case, and write their opinion base solely on the Constitutionality of the arguments. Their written opinions should be devoid of any preconceived opinions, notions, prejudices, "empathy" or "consensus building." The Supreme Court Justice's opinion should be theirs alone based on, and written on the Constitutional adherence of the arguments.

Mr. Obama has, and will appoint individuals such as Sotomayor, and Kagan based on their political bent, and assurances that they will write opinions that will advance his Marxist agenda. Only a fool would believe that these two women have not surreptitiously passed litmus tests on issues critical to Mr. Obama's agenda to "Transform America."

It is unfortunate that these are life time appointments. If you get a real stinker in there you are stuck with them for life.

Hobbit 73

Keystone Cops v. AZ

Let me get this straight. The Federal Government has a constitutional obligation to secure our national borders. The Immigration Naturalization Service has the task and obligation of controlling immigration. So why should Jan Brewer the Governor of Arizona take it upon herself to usurp the power of the Federal Government to write and pass its own Immigration Bill? After all the Federal Government has "preeminent authority" on immigration enforcement and the Arizona law disrupts that balance, so says, the Department of Justice and as a consequence filed a lawsuit stating the Arizona law is unconstitutional.

Why did the proactive Governor of Arizona introduce legislation that virtually mirrors the Federal immigration, and border security laws? Quite simply the answer is, the Federal Government has failed miserably on both securing the borders, and controlling immigration. What Governor Brewer has accomplished is an act that has exposed the huge grossly inept derriere of the Federal Government on the issues of border security and Immigration control. So in its infinite wisdom the Justice Department has filed an injunction to prevent the Arizona law from taking effect ( July 29) until the lawsuit is settled. Eric Holder, and the Keystone Cops of the Justice Department are scrambling to make the case against Arizona. Give it up Eric you are only going to make the Government look even worse than it does now (if that is possible).

Hobbit73

What is the Progressive Agenda?

There are more instances of the abridgment of the freedom of the people by gradual and silent encroachments of thise in power than by violent and sudden usurpations."……..James Madison

We don't hear the words Transnationalism, Internationalism, and Statism a lot. These philosophies are a large part of the Progressive Agenda of ruling rather than governing. For the most part we the people have been unaware of what is happening to our country because it is being accomplished in incrementally small doses. Progressive sounds good, but when it is put in the context of losing your freedoms in the process, it is pernicious to those Freedoms. Lets define.

Transnationalism is a social movement promoting a heightened interconnectivity between people and the loosening of boundaries between countries. Transnationalism as an economic process involves the global reorganization of the production process, in which various stages of the production of any product can occur in any country, typically with aim of minimizing costs.

Internationalism refers to global co-operation between nation states, and points to the affairs between nation state governments, while transnationalism refers to global co-operation between people, and points of activities, which transcends national boundaries and in which nation-state governments do not play the most important or even a significant role.

Statist, Conservatives acknowledge the statist does not share his passion for liberty and all the good that flows from it. The statist does not recognize the tremendous benefits to society from the individual efforts, and pursuits of tens of millions of others. The statist rejects the Founder's idea of the dignity of the individual , who can flourish through ordered liberty, for one rooted in unpredictability, irrationality and Ultimately tyranny.

Transnationalism also calls for a global court system that will supplant power of our country's court system. Now, isn't that special.

Hobbit 73

Monday, June 21, 2010

Arizona v. Mexico/United States

This letter is addressed to the Leadership of both houses, both parties, The Attorney General Eric Holder, the Secretary of Homeland Security Janet Napolitano, and Vice President Biden. It is written by an aging American Patriot who does not advocate Political Correctness, and is capable of unleashing stentorian vituperation against a Government that is rife with corruption, and members who have taken an Oath of Office to uphold, protect, and defend the United States Constitution only to summarily dismiss the Oath as a pesky requirement to get into office and further their agenda.

A recent quote, and a picture of a warning sign on a Fox News report really got my attention. "Five Federal lands in Arizona Have Travel Warnings in Place." What in the hell is wrong with you people in Washington? You, in the Federal Government, have a Constitutional obligation to secure our borders, and so far the President and his administration have shown gross negligence, and a degree of ineptitude that I have not seen in government in all of my 74 years on this God's green earth. For the first time in my lifetime we have a real life situation where we have travel warnings, informing the American people that there is an area in the United States that is not safe for citizens to travel through because of "Mexican Drug Lords, and bands of illegal immigrants". Shame on you. Could it be that you have the intestinal fortitude of a sick piss ant? Or are you just plain afraid that you may offend the Mexican Drug Lords, and the bands of illegal immigrants?

You had best to hell get some heavily armed troops down there on the border and take care of business. There is no question, we are at war with Mexico. When El Presidente Felipe Callderon drags his pompous ass up here and is granted the privilege of speaking to a joint session of Congress in which he said; "I am convinced that a comprehensive immigration reform is also crucial to securing our common border. However, I strongly disagree with the recently adopted law in Arizona." He scolded and denigrated our country, which prompted applause and a standing ovation by members of Congress as well as V.P. Biden, Attorney General Eric Holder, and the Secretary of Homeland Security Janet Napolitano. WHAT IS THE MATER WITH YOU PEOPLE? Are you familiar with the phrase, "High Crimes and Misdemeanors"?





This is indefensible. How can This President, this congress, and his high level appointees give a standing ovation to the President of a country that has some of the strictest immigration laws (that are strictly enforced)in the world. He Scolds the United States for its lack of immigration reform, and you GIVE HIM A SANDING OVATION?

It is beginning to look as if the Federal Government will not protect our borders, the American citizens will. Either lead or get the hell out of the way. Arizona has every right to protect their states sovereignty, especially when the Federal government fails to do so.

This President is the most incompetent of any of the 13 Presidents that have served during my lifetime (yes that would include even Jimmy Carter). The President is destroying our country, he obviously has no executive experience, no management experience, and apparently missed micro and macro Economics in college. He was a sorry excuse for an Illinois Senator, and an even sorrier US Senator.

It appears that we have (I am not included in "WE") elected a community organizer that is now trying to organize the world, and will not accept responsibility for anything unless he thinks it will benefit him……………it is always someone else's fault.

The President's modus operandi for managing a crisis is this; Crisis, assemble a committee, create another bureaucracy, appoint another CZAR, provide lip service about the great things he is doing, and then blame someone else for his incompetence.

You people are a disgrace to America,


Hobbit73