Category Archives: President Obama

Open letter to President Obama (Part 337)

The Laffer Curve – Explained

Uploaded by on Nov 14, 2011

This video explains the relationship between tax rates, taxable income, and tax revenue. The key lesson is that the Laffer Curve is not an all-or-nothing proposition, where we have to choose between the exaggerated claim that “all tax cuts pay for themselves” and the equally silly assumption that tax policy doesn’t effect the economy and there is never any revenue feedback. From http://www.freedomandprosperity.org 202-285-0244

____________

(This letter was emailed to White House on 12-1-12.)

President Obama c/o The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

The USA like Europe is in trouble because of a failure to address the real problem of excessive government spending.

I shared an astounding chart last month showing that tax increases account for 90 percent of the so-called “austerity” in Europe.

The author the chart, Veronique de Rugy of the Mercatus Center, calls this “private sector austerity” and she correctly argues that her home continent is in desperate need of some austerity on the public sector instead.

The good news is that more analysts have joined the fight, explaining that Europe is in trouble because of a failure to address the real problem of excessive government spending.

Here are some excerpts from a column in USA Today by Matthew Melchiorre from the Competitive Enterprise Institute, beginning with a good summary of how Europe has erred by choosing to impose austerity on the private sector.

The folly of “austerity” composed mainly of tax hikes with less in the way of spending reductions has driven the economies of the Old World into the ground. We’re next unless Congress keeps Uncle Sam out of Americans’ wallets and takes a chainsaw to Washington’s budget. …How is this likely to pan out? To get an idea, we can look at Europe, which has followed a similar strategy and has had little success in reviving growth. Spending cuts have been weak. Today, not a single Euro Zone government is spending less as a percentage of GDP than it did in 2007, according to Eurostat data. Tax increases, on the other hand, have been rampant. The average cyclically adjusted total tax burden among Euro Zone countries increased by about 5% from 2007 to 2010, according to European Commission data.

Wow, spending hasn’t been reduced but taxes are higher. Sounds a lot like Obama’s disingenuous “balanced approach.”

But there are some exceptions to the big-government consensus. Melchiorre notes that Estonia and other Baltic nations decided to impose genuine budget cuts.

Several Baltic countries have broken the European straitjacket of growth-strangling tax “austerity,” and have enjoyed success relative to their peers as a result. Take Estonia, for example. The Estonian government implemented an austerity program in 2009…cutting into public employee wages by 40% and slashing total government spending by a whopping 16% by 2011.

This is music to my ears. I’ve been advocating the Baltic approach for a couple of years. And it turns out that nations following my Golden Rule get good results.

Estonia’s economy…bounced right back with 2 percent growth the following year and has since continued to prosper. For the past two years, Estonian industry has expanded more than twice as fast as that of Germany. …Tax increases don’t bring about prosperity. Shrinking government to live within its means does.

Amen to that, but I think the final point needs to be expanded. It’s not just that tax increases don’t work. It’s that they make matters worse.

The problem in most nations is that government is too big. In a best-case scenario, tax increases are a substitute for spending restraint. More often than not, though, tax hikes lead to higher levels of government spending.

This brings us back to the current fiscal fight in the United States. Obama has dug in his heels and demanded an increase in the top tax rates. He claims that this class-warfare approach is necessary for fiscal responsibility.

But ask yourself a question. We know that America’s long-run fiscal problem is entitlement spending. Will politicians be more likely or less likely to reform those programs if they think tax increases are an option?

If you answered “more likely,” you should move to Greece and see how well your system is working.

______–

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

Raising taxes on rich does not come close to balancing the budget!!!!

Raising taxes on rich does not come close to balancing the budget!!!!

Liberal Leaders Flunk Math

by Richard W. Rahn

Richard W. Rahn is a senior fellow at the Cato Institute and chairman of the Institute for Global Economic Growth.

Added to cato.org on November 19, 2012

This article appeared in The Washington Timeson November 19, 2012.

Dennis Van Roekel, president of the largest teachers union, the National Education Association, failed fifth-grade math last week. The question he failed is: If X (government spending) is growing faster than A (government tax revenue) plus B (new revenue from higher tax rates on “the rich”), when will A plus B equal X?

President Obama met with leaders of left-leaning organizations, including Mr. Van Roekel, to discuss the “fiscal cliff.” After the meeting, Mr. Van Roekel appeared on Neil Cavuto’s Fox News show to discuss the budget deficit. Mr. Van Roekel told Mr. Cavuto that he had recommended taxing the top 2 percent more to deal with the problem. Mr. Cavuto then correctly explained that taxing the top 2 percent could not solve the problem because even with the increase, spending would still be growing far faster than revenues — primarily because of entitlement programs. After some back and forth, Mr. Van Roekel could not identify one item in the budget that he was in favor of cutting and kept insisting the problem could be solved only by taxing the top 2 percent, even though Mr. Cavuto again correctly and clearly explained that even taxing the top 2 percent at a 100 percent rate would not produce enough revenue because entitlements are growing faster than the economy. Mr. Van Roekel appeared to be unable to grasp this rather simple concept.

At the end of last week, Hostess Brands Inc., the company that makes Twinkies and Wonder Bread, asked to be liquidated because the bakery workers and their union bosses could not understand this: If A (workers’ salaries and benefits) is growing faster than B (sales revenue), company H (Hostess) will run out of money and be forced into liquidation. So 18,500 workers are losing their jobs because a bunch of union bosses and many of the workers could not understand elementary school math. (Perhaps their teachers were members of the NEA. Note: There are many fine teachers who are not responsible for the folks who run the NEA, and many fine voters who are not responsible for the actions of our elected officials.)

Richard W. Rahn is a senior fellow at the Cato Institute and chairman of the Institute for Global Economic Growth.

More by Richard W. Rahn

When you first study physics and economics, you learn the difference between constants and variables. You also learn there are very few constants — the speed of light being one. Most everything is a variable, in that most everything is affected by other things or actions. A majority of the leaders and voters in California seem to have missed this basic lesson. They voted for a whole host of new taxes, including increasing the state’s income tax to more than 13 percent. For most of these tax increases, the political leaders made the assumption that people will stay put and pay these taxes — hence, big revenue gains. But how likely is this? Gov. Jerry Brown has, in effect, said that state personal income is a constant rather than a variable. If you multiply a higher tax rate by a constant income you get a bigger number and — voila — more tax revenue. However, state personal income is variable, which Mr. Brown will learn in a painful way. People can move either their personal or economic activity to another state, another country or even cease working in the above-ground economy. California will continue to lose economic market share and its budget problems will only get worse.

Many people (including a few left-wing economists who let their ideology overwhelm their knowledge of math) are arguing that, if taxes are raised on those making more than $250,000 a year, there will be no adverse effects. What theory or empirical evidence supports their assertions?

Most economists refer to themselves as Keynesian, monetarist, classical or Austrian — at least in part. None of these theories advocates increasing tax rates, particularly on labor and capital, during periods of economic stagnation, such as the United States is now experiencing. There is also no empirical evidence to show that a program of increasing the highest marginal tax rates and increasing entitlement spending leads to higher economic growth and employment. Look at what is happening to France, where the high tax-and-spend experiment is well ahead of ours. The laws of supply and demand have not been repealed. If you tax something you will get less of it, and if you subsidize something you will get more of it. If you increase the tax on labor and capital, you will get less — and economic growth requires more labor and capital, not less.

Mr. Obama said last week that he was not going to accept “dynamic scoring” (adjusting the projections to reflect changes in behavior resulting from the tax rate change) in evaluating the Republicans’ tax revenue projections. Thus, he is going to assume that the tax base is a constant rather than a variable. The president and his staff apparently fail to comprehend secondary effects of tax changes, or they are allowing leftist ideology to trump reality. Either way, it is a loss for the American people.

Richard Rahn’s ex-wife is Peggy Noonan

Cartoons from Dan Mitchell’s blog that demonstrate what Obama is doing to our economy (Minimum wage humor)

I have put up lots of cartoons from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control.

My Cato colleague, Mark Calabria, recently explained how the minimum wage destroys jobs, and I’ve written on several occasions why government-mandated wages can create unemployment by making it unprofitable to hire people with low work skills and/or poor work histories. And I’ve attacked Republicans for going along with these job-killing policies, and also pointed out the racist impact of such intervention.

But this cartoon may be a more effective argument for getting government out of the business of interfering with market forces. It’s simple, direct, and gets the point across. I’m not sure that always happens with my writing.

My former intern, Orphe Divougny, also did a very good job in explaining why politicians shouldn’t interfere with the right of workers and employers to enter into labor contracts.

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Cartoons from Dan Mitchell’s blog that demonstrate what Obama is doing to our economy Part 2

Max Brantley is wrong about Tom Cotton’s accusation concerning the rise of welfare spending under President Obama. Actually welfare spending has been increasing for the last 12 years and Obama did nothing during his first four years to slow down the rate of increase of welfare spending. Rachel Sheffield of the Heritage Foundation has noted: […]

Cartoons from Dan Mitchell’s blog that demonstrate what Obama is doing to our economy Part 1

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Great cartoon from Dan Mitchell’s blog on government moochers

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Gun Control cartoon hits the internet

Again we have another shooting and the gun control bloggers are out again calling for more laws. I have written about this subject below  and on May 23, 2012, I even got a letter back from President Obama on the subject. Now some very interesting statistics below and a cartoon follows. (Since this just hit the […]

“You-Didn’t-Build-That” comment pictured in cartoons!!!

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Cartoons about Obama’s class warfare

I have written a lot about this in the past and sometimes you just have to sit back and laugh. Laughing at Obama’s Bumbling Class Warfare Agenda July 13, 2012 by Dan Mitchell We know that President Obama’s class-warfare agenda is bad economic policy. We know high tax rates undermine competitiveness. And we know tax increases […]

Cartoons on Obama’s budget math

Dan Mitchell Discussing Dishonest Budget Numbers with John Stossel Uploaded by danmitchellcato on Feb 11, 2012 No description available. ______________ Dan Mitchell of the Cato Institute has shown before how excessive spending at the federal level has increased in recent years. A Humorous Look at Obama’s Screwy Budget Math May 31, 2012 by Dan Mitchell I’ve […]

Funny cartoon from Dan Mitchell’s blog on Greece

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Obama on creating jobs!!!!(Funny Cartoon)

Another great cartoon on President Obama’s efforts to create jobs!!! A Simple Lesson about Job Creation for Barack Obama December 7, 2011 by Dan Mitchell Even though leftist economists such as Paul Krugman and Larry Summers have admitted that unemployment insurance benefits are a recipe for more joblessness, the White House is arguing that Congress should […]

Get people off of government support and get them in the private market place!!!!(great cartoon too)

Dan Mitchell hits the nail on the head and sometimes it gets so sad that you just have to laugh at it like Conan does. In order to correct this mess we got to get people off of government support and get them in the private market place!!!! Chuck Asay’s New Cartoon Nicely Captures Mentality […]

2 cartoons illustrate the fate of socialism from the Cato Institute

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Cartoon demonstrates that guns deter criminals

John Stossel report “Myth: Gun Control Reduces Crime Sheriff Tommy Robinson tried what he called “Robinson roulette” from 1980 to 1984 in Central Arkansas where he would put some of his men in some stores in the back room with guns and the number of robberies in stores sank. I got this from Dan Mitchell’s […]

Gun control posters from Dan Mitchell’s blog Part 2

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We got to cut spending and stop raising the debt ceiling!!!

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Gun control posters from Dan Mitchell’s blog Part 1

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Taking on Ark Times bloggers on the issue of “gun control” (Part 3) “Did Hitler advocate gun control?”

Gun Free Zones???? Stalin and gun control On 1-31-13 ”Arkie” on the Arkansas Times Blog the following: “Remember that the biggest gun control advocate was Hitler and every other tyrant that every lived.” Except that under Hitler, Germany liberalized its gun control laws. __________ After reading the link  from Wikipedia that Arkie provided then I responded: […]

Taking on Ark Times bloggers on the issue of “gun control” (Part 2) “Did Hitler advocate gun control?”

On 1-31-13 I posted on the Arkansas Times Blog the following: I like the poster of the lady holding the rifle and next to her are these words: I am compensating for being smaller and weaker than more violent criminals. __________ Then I gave a link to this poster below: On 1-31-13 also I posted […]

Open letter to President Obama (Part 373) We got to protect unborn babies!!!

(Emailed to White House on 1-10-13.)

President Obama c/o The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

Around 20 times I have taken time to take my family down to the March for Life in January to take up for the rights of the smallest in our country. These unborn children need us to take up for them. I know that you do not hold my same views on this but I wanted to send this you today so you will know where we are coming from. Since you are a Christian like me then we have the common ground of the Bible to discuss this issue.

A young Dr. C. Everett Koop pictured below.

Dr. C. Everett Koop and Dr. Francis Schaeffer both came together to write the book “Whatever Happened to the HumanRace?” and that book probably did more to fire up the pro-life movement than anything else.

I was thinking about the March for Life that is coming up on Jan 20, 2013  and that is why I posted this today. Great pro-life article by Rev. James A. DeCamp of from Presbyterians USA Pro-Life

Fetal Pain PDF Print E-mail
by Rev. James A. DeCamp
Common Ground – Occasional papers from Presbyterians Pro-Life
No. 3 – May 1988The unborn are gaining visibility
Members of the Presbyterian Church (USA) continue to think hard thoughts about their denomination’s pro-abortion advocacy which has been around for almost two decades now (1).Discomfort has grown as such publications as Life, Newsweek, and Families feature cover photographs of perfectly formed unborn children (2) and articles run under headlines like “Surgery in the Womb” (3).The unborn child enjoys a greater visibility in our society. For instance, Williams Obstetrics, a standard textbook, remarks in its preface, “Happily, we have entered an era in which the fetus can be rightly considered and treated as our second patient” (4) (emphasis added). Objective, scientific data continue to bear eloquent witness to the citizenship held by these little ones in the human family.Unborn babies experience pain in abortion
One subject which has been the center of a long and volatile discussion carries within it the potential for changing our most basic commitments in this issue of abortion: the subject of pain.Vincent J. Collins, Professor of Anesthesiology at the University of Illinois College of Medicine, writes:The prospect of fetal pain–pain that results from abortion–cuts through philosophical abstractions and scientific nomenclature, proceeding directly to the heart. A being that feels pain makes an urgent demand for recognition (5).The issue of fetal pain received national exposure first when President Ronald Reagan gave a speech to the National Religious Broadcasters on January 30, 1984. President Reagan said, “…doctors confirm that when the lives of the unborn are snuffed out, they often feel pain, pain that is long and agonizing” (6).This statement raised a storm of protest from pro-abortion activists who claimed that the President’s comments about fetal pain were unfounded scientifically, and were an inexcusable form of emotional blackmail. Yet, it became clear to all who watched the debate that the President had done his homework; fetal pain is real.

Dr. Collins writes that the unborn child’s ability to feel pain comes quite early in pregnancy:

Functioning neurological structures necessary for pain sensation are in place as early as 8 weeks, but certainly by 13-1/2 weeks…By 13-1/2 weeks, the entire sensory nervous system functions as a whole in all parts of the body (except in the skin or the back of the head) (7).

Fetal experiments performed on 12 to 16 week in utero subjects indicate the ability of the unborn child to experience acute pain (8).

The clearest and strongest support for the President came from a group of 26 physicians, including pain specialists and two past presidents of the American College of Obstetrics and Gynecology, who released this statement on February 13, 1984: “Mr. President, in drawing attention to the capability of the human fetus to feel pain, you stand on firmly established ground” (9).

What implications are there here for the current debate over abortion in our denomination? Can we continue to support abortion when we read of the suffering and pain which different abortion techniques cause?

Fetal pain associated with methods of abortion
John T. Noonan, Jr., professor in the Boalt Hall School of Law at the University of California at Berkeley, and a judge on the U.S. 9th Circuit Court of Appeals, points out that,

…as soon as a pain mechanism is present in the fetus–possibly as early as day 56–the methods used will cause pain. The pain is more substantial and lasts longer the later the abortion is…Whatever the method used, the unborn…are undergoing the death agony (10).

Dilatation and evacuation abortions (D & E) are performed after the 12th week when fetal bones are too large and brittle to be removed by earlier procedures. Pioneer embryologist Landrum Shettles describes a D & E: “Death and dismemberment do not come in a `moment,’ but over a matter of minutes. Limbs may be torn off and the body lacerated well before the brain itself is crushed” (11).

Doctors performing a saline abortion inject a highly concentrated salt solution into the amniotic sac. During the death agony of these children their upper skin layers are burned, and internal poisoning is caused by the child swallowing the solution. It is well-known that the fetus reacts with aversive responses when saline is introduced into amniotic fluid. The aborting mother can feel her baby thrashing in the uterus…” (12).

Saline abortions are employed from the 14th week of pregnancy through the time of fetal viability (13).

Abortions induced by prostaglandin drugs kill the child by reducing blood circulation and/or restricting the function of the heart. “Pain analogous to that of a person experiencing a heart attack can be assumed” (14).

Even the youngest babies aren’t safe from suffering. “To the extent that the fetus between eight and 13-1/2 weeks of gestations feels pain, the suction curettage method of abortion–the usual method of abortion used during that time, which tears the fetus from the womb, often part by part, by vacuum aspiration–is certainly capable of causing pain in a manner analogous to D & E abortion” (15).

No symbol has so dramatically captured this specter of fetal pain as the real-time ultrasound “The Silent Scream,” released in 1984. This film depicts a twelve-week unborn baby undergoing death by dismemberment in a suction abortion. The doctor who performed the abortion recorded for this film, Dr. Jay Kelinson, reviewed the film and commented afterwards, “There was no manipulation of that tape, there was no misrepresentation. I was horrified at what I had seen…That was the last time I walked into an abortion clinic” (16).

Informed consent: pain and the “right to know”
Thinking of the pain caused to these little ones is enough to convince a reasonable person that abortion should be illegal, and surely, at the least, those mothers who are aborting their unborn children should know the suffering they are putting their babies through. Shouldn’t the woman’s “right to choose” carry with it a “right to know” about this pain her child will feel?

On November 30, 1982, the U.S. Supreme Court heard arguments concerning an Akron, Ohio city ordinance requiring the attending physician of a mother seeking an abortion to inform her of, among other things, “the development of her fetus.” This ordinance was intended “to insure that the consent for an abortion is truly informed consent” (17).

Yet, apparently this is one place where ignorance is bliss, since measures requiring informed consent to abortion have been consistently opposed. The 195th General Assembly of the Presbyterian Church (USA), meeting in 1983, adopted a major abortion policy paper which referred to “Akron-type ordinances” as “harassment legislation” (18).

What are we to make of this response to the evidence?

Objective, scientific data pertaining to the humanity of the unborn including their capacity to feel pain is, apparently, so damning to the pro-choice position that its proponents are willing to attack such data at the peril of their own intellectual standing and conscience.

The protection from pain provided for animals is not extended to the unborn human
Empathy for pain in animals has produced responses that have no counterpart in the treatment of unborn babies by abortionists. In 1986, United Action for Animals, Inc. (UAA) publicized 62 experiments allegedly in violation of the Animal Welfare Act of 1966 because “the institutions involved did not justify withholding anesthetics, analgesics, and tranquilizers.” UAA is also seeking to expand the number of species covered by this act (19). The youngest members of our own species, however, are not counted worthy of the same respect.

The Christian call for mercy
The Bible tells us that all members of the human family have intrinsic worth since we are “made in the image of God” (20). The unborn’s capacity to feel pain does not add to their worth, but their pain does provide us with a point of common experience and it should lead us to feel empathy for their plight. Our goal, however, should be to stop the killing, not merely to institute prenatal euthanasia through pain-deadening drugs administered shortly before the abortion.

Syndicated columnist Joseph Sobran has written,

Abortion advocates are going to have to make up their minds whether a fetus suffers or whether they just don’t care. Until now they have had it both ways. But now they must either face the evidence or say stoutly that the evidence doesn’t move them. The evidence itself is clear enough (21).

Abortion is a social justice issue, a human rights issue, and a flesh and blood issue. The pro-choice myth that the unborn are merely products of conception who can be kept at a safe scientific and emotional distance is collapsing under the weight of the evidence.

Adrian Lee, a columnist for the Philadelphia Daily News, wrote on March 6, 1984,

Since pain, the abortion debate has changed. The Pro-Choicers can refuse to debate photographs of unborn fetuses–apparently, the pictures are too lifelike…but they can’t shut out that cry from the womb. They can hold their ears until the only thing they hear is the singing of their own pulses and the thudding of their own hearts but they’ll never escape it (22).

Meanwhile, the command of God’s Word, for those of us who claim Jesus Christ as our Savior and Lord, is clear:

Speak up for those who cannot speak for themselves, for the rights of all who are destitute.
(Proverbs 31:8)

The Presbyterian Church (USA) must choose between two paths: one of darkness and one of light. The path of light is the path of repentance for our complicity, direct and indirect, in the silent screams from mothers’ wombs which have surrounded us at the rate of 1,500,000 per year since 1973. The path of darkness is the path our denomination has walked with respect to abortion for close to two decades, now, as we continue to advocate a woman’s right to choose a painful death for her unborn baby.


Endnotes

    1. Both former denominations departed from their historic sanctity of life positions in 1970. See the Minutes of the 110th General Assembly of the Presbyterian Church in the United States, Part I (Atlanta: The Office of the General Assembly, 1970), pp.124-126; and the Minutes of the 182nd General Assembly of the United Presbyterian Church in the United States of America, Part I (New York: The Office of the General Assembly, 1970) pp.888-926.
    2. “Life Before Birth,” reprinted from Life, April 30,1965 (Pinebluff, North Carolina: Life Education Reprints, 1979), p.1. Newsweek, January 11, 1982. Families, February, 1982.
    3. Newsweek, October 31, 1983.
    4. Jack A. Pritchard and Paul C. MacDonald, Williams Obstetrics, 16th ed. (New York: Appleton-Century-Crofts, 1980), p.vii.
    5. Vincent J. Collins, Steven R. Zielinski, and Thomas J. Marzen, Fetal Pain and Abortion: The Medical Evidence, Studies in Law and Medicine, no. 18 (Chicago: American United for Life, Inc., 1984),p.3.
    6. Ibid., p. i.
    7. Ibid., p. 7.
    8. B. Westin, R. Nyberg and G. Enhoring, “A Technique for the Perfusion of the Previable Fetus,” Acta Paediatrica, 47 (1958):339, quoted in Collins, Zielinski, and Marzen, Fetal Pain, p. 7.
    9. Ibid., p. 1.
    10. John T. Noonan, Jr., “The Experience of Pain by the Unborn,” in New Perspectives on Human Abortion, ed. Thomas Hilgers, Dennis Horan and David Mall (Frederick, Maryland: University Publications of America, 1981), p.213.
    11. Landrum Shettles and David Rorvik, Rites of Life: The Scientific Evidence for Life Before Birth (Grand Rapids: Zondervan, 1983), p.69.
    12. W. Edminson, “A Report on the Abortion Capital of the Country”: The New York Times Magazine, March 11, 1971, quoted in Collins, Zielinski, and Marzen, Fetal Pain, p.9.
    13. “Second Trimester Abortion: A Symposium by Correspondence,” Journal of Reproductive Medicine 16 (1976): 47 ,56, quoted in Collins, Zielinski, and Marzen, Fetal Pain, p.8.
    14. A.I. Caspo, “Termination of Pregnancy with Double Prostaglandin Input,” American Journal of Obstetrics and Gynecology 124 (1976): 1, quoted in Collins, Zielinski, and Marzen, Fetal Pain, p.9.
    15. Collins, Zielinski, and Marzen, Fetal Pain, p.9.
    16. Taken from the film, “The Answer,” released in 1987 by Bernadell, Inc., P.O. Box 1897, Old Chelsea Station, New York, NY 10011.
    17. The United States LAW WEEK, June 14, 1983, pp. 4767, 4769.
    18. Advisory Council on Church and Society, Presbyterian Church (USA), “The Covenant of Life and the Caring Community: Theological Reflections on Contraception and Abortion” (New York and Atlanta: The Office of the General Assembly, 1983), p.57.
    19. Animal Welfare Act: Unreported Crimes? (New York: United Action for Animals, Inc., 1986), p.2.
    20. Genesis 1:26.
    21. Dallas Times Herald, June 14, 1984.
    22. As quoted in the Human Life Review, 10 (Spring, 1984):117.

_________

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

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Ron Paul’s Pro-life view Ron Paul’s Pro-Life Speech in Ames, Iowa Uploaded by RonPaul2008dotcom on Aug 13, 2011 Free email updates: http://www.RonPaul.com/welcome.php Please like, share, subscribe & comment! http://www.RonPaul.com 08/13/2011– Ron Paul is America’s leading voice for limited, constitutional government, low taxes, free markets, sound money, and a pro-America foreign policy. ___________________________________ Related posts: Crowd […]

Nellie Gray founder of March for life dies

I have been involved with the March for Life for almost 30 years here in Little Rock. My four kids and I  have walked in it on a regular basis in Little Rock and I have posted about it before on my blog http://www.thedailyhatch.org . When I first marched in it Ronald Reagan was the […]

Abortionist Bernard Nathanson turned pro-life activist (part 8)

My sons Wilson (on left) and Hunter (on right) went to California and visited Yosemite National Park with our friend Sherwood Haisty Jr. March 21-27. Here they are standing in front of the tallest waterfall in North America. The only surviving founding member of NARAL, Dr. Bernard Nathanson gives his testimony of NARAL’s foundation of […]

Pro-life meeting at 1st Baptist Little Rock shows prayer works

President and Nancy Reagan talking to Mother Teresa in the Oval Office. 6/20/85. Superbowl commercial with Tim Tebow and Mom. Jason Tolbert wrote a great article this week about a pro-life meeting. He mentons William Harrison who I have written about before on this blog. I used to write letters to the editor a whole […]

Pro-life marchers turn to prayer

What Ever Happened to the Human Race? Jason Tolbert told a  story about pro-life marchers and their tactic of prayer: OWNER TURNS SPRINKLERS ON PRO-LIFE PRAYER VIGIL In July, I wrote about a new movement springing up in Arkansas that seeks to combat abortion not with violent protest, but with peaceful prayer demonstrations.  It is called “40 […]

Fox 16:Biased reporting on Marches

Rep. Tim Griffin and Lt. Gov. Mark Darr at the Arkansas March for Life in Little Rock from Tolbert Report. Go to Fox 16 website and you will read this story below and watch a video clip on both marches. What you will not read is the fact that only 150 people showed up for […]

Famous Prolife quotes

HALT:HaltingArkansasLiberalswithTruth.com (My family and I are heading out to march today. The weather in Little Rock is overcast and pleasant. Come out and join us.) Bill O’Reilly Interviews Jehmu Greene About Pro-Life Super Bowl Ad about Tim Tebow I got these quotes from someone off the internet that lives in England. The funny thing is […]

Speaking on pro-life issues with those around you with love and truth.

HALT:HaltingArkansasLiberalswithTruth.com Development of the Unborn Baby.  Prolife Video There are people all around you who have been affected by humanism. Abortion is one of the results of humanism. Nevertheless, we can befriend those who are considering abortion and speak into their lives with love and truth. There may be those who say hateful things to […]

Hatcher’s atheistic evolutionist friend:”Unborn baby has complete genetic code at conception. I am pro-life.”

HALT:HaltingArkansasLiberalswithTruth.com Science Matters #2: Former supermodel Kathy Ireland tells Mike Huckabee about how she became pro-life after reading what the science books have to say. My good friend Dr. Kevin R. Henke is a scientist and also an atheistic evolutionist. I had a lot of discussions with Kevin over religious views. I remember going over […]

Marching for life in 1993 with Flip Benham

HALT:HaltingArkansasLiberalswithTruth.com “Jane Roe” or Roe v Wade is now a prolife Christian. She’s recently done a commercial about it. Around 1993 my wife Jill and I peacefully walked the streets of Little Rock with  Rev Flip Benham who was working with Operation Rescue at the time. We held pro-life signs up and heard some moving […]

Open letter to President Obama (Part 336)

_________

(This letter was emailed to White House on 12-1-12.)

President Obama c/o The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

It is sad that the Republicans don’t get together and stop the Democrats from raising the debt ceiling limit. If they did that then you would do about anything they wanted!!!! It seems to me that the Republicans are a bunch of wimps though. The fiscal debate should focus of Washington’s real crisis of excessive spending.

Why Are Republicans Willing to Help Obama Make America More Like Europe When the Welfare State Is Collapsing?

November 30, 2012 by Dan Mitchell

Washington frustrates me. The entire town is based on legalized corruption as an unworthy elite figure out new ways of accumulating unearned wealth by skimming money from the nation’s producers.

But one thing that especially irks me is the way people focus on the trees and forget about the forest. Politicians and journalists are now engaged in an inside-baseball game of analyzing every twist and turn of the fiscal cliff negotiations.

That’s all fine and well, but perhaps it would be a good idea to talk about the need to fix the real crisis of excessive spending instead of arguing about how fast we should be traveling in the wrong direction.

And let’s not delude ourselves. In the absence of real entitlement reform, the United States is doomed to repeat Europe’s mistakes.

And how are things going in Europe? Well, I’m glad you ask. Let’s look at some excerpts from an Associated Press report.

Another month, another record unemployment rate for the economy of the 17 European Union countries that use the euro. Figures released Friday by Eurostat, the EU’s statistics office, showed that the recession in the eurozone pushed unemployment up in the currency bloc to 11.7 percent in October, the highest level since the introduction of the euro in 1999. …Eurostat found that 18.7 million people were out of work across the eurozone, an increase of 173,000 on the previous month and 2.2 million higher than the year before. The wider 27-nation EU that includes non-euro countries such as Britain and Poland had an unemployment rate of 10.7 percent in October and a total of 25.9 million out of work. …”Talk of a `lost generation’ of young people now looks like an alarming possibility,” said Andrea Broughton, principal research fellow at the Institute for Employment Studies.

In other words, we may complain about America’s miserable track record on jobs during the Obama years, but at some point in the future we may someday look back on 8 percent unemployment as good news.

Unfortunately, the crowd in Washington doesn’t want to acknowledge that the real problem is spending. And I’m particularly irked (but not surprised) that Republicans now seem willing to go along with Obama even though they won this fight back in 2010 when they didn’t control the House and had fewer seats in the Senate. Here’s what I said to one of the local DC stations.

I realize I’m sounding glum, so let’s close out this post with a couple of amusing cartoons about America’s European future.

I’ve already shared the “European Lemming” cartoon. This one has the same theme.

Cartoon Obama Iceberg

Other Eric Allie cartoons can be enjoyed here, here , hereherehere, and here.

And here another cartoon with the same theme.

Cartoon Obama Cliff

If you like this Bok cartoon, some of my other favorites can be seen here,  hereherehereherehere, and here.

If you still haven’t cheered up, this bit of Dave Barry humor about the European fiscal crisis is a classic, and I’d also recommend this bit of unintentional satire.

___________

______–

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

Dan Mitchell of the Cato Institute gives overview of economic policy and he praises Clinton and Reagan

__________

President Reagan, Nancy Reagan, Tom Selleck, Dudley Moore, Lucille Ball at a Tribute to Bob Hope’s 80th birthday at the Kennedy Center. 5/20/83.

__________________________

Dan Mitchell is very good at giving speeches and making it very simple to understand economic policy and how it affects a nation. Mitchell also talks about slowing the growth of government and he gives credit to Clinton and Reagan.

Probably my favorite subject that Dan has covered is the Laffer Curve. I got a chance to hear Arthur Laffer speak at Memphis St University in 1981 and Laffer actually predicted what would happen in the next 7 years because of the Reagan Tax Cuts and all of his predictions came true. What did we learn from the Laffer Curve in the 1980′s? Lowering top tax rate from 70% to 28% from 1980 to 1988 and those earning over $200,000 paid 99 billion in taxes instead of 19 billion!!!! The funny thing is that the world saw what we did and followed along. The drop of the industrialized countries during this same time was 26% (from 68% to 42% on average). It reminded me of Milton Friedman 1980 book “Free to Choose” and his answer to the 11% inflation that President Carter was dealing with in 1980. Reagan put Friedman’s solution into action and 5 years later inflation was under control.

Below is a fine article and video from Dan Mitchell.

(R Row, from front to rear) Milton Friedman, George Shultz, Pres. Ronald Reagan, Arthur Burns, William Simon and Walter Wriston & unknown at a meeting of White House economic advisers.
(R Row, from front to rear) Milton Friedman, George Shultz, Pres. Ronald Reagan, Arthur Burns, William Simon and Walter Wriston & unknown at a meeting of White House economic

 

I’ve narrated a video that cites Economic Freedom of the World data to explain the five major factors that determine economic performance.

But that video is only six minutes long, so I only skim the surface. For those of you who feel that you’re missing out, you can listen to me pontificate on public policy and growth for more than sixty minutes in this video of a class I taught at the Citadel in South Carolina (and if you’re a glutton for punishment, there’s also nearly an hour of Q&A).

Cato Institute Senior Fellow Daniel J. Mitchell

Published on Apr 2, 2012

Cato Institute Senior Fellow Daniel J. Mitchell speaks to cadets economics and conservatism. This is the 10th lecture in the seminar series titled “The Conservative Intellectual Tradition in America.”

_______________

There are two points that are worth some additional attention.

1. In my discussion of regulation, I mention that health and safety rules can actually cause needless deaths by undermining economic performance. I elaborated on this topic when I waded into the election-season debateabout whether Obama supporters were right to accuse Romney of causing a worker’s premature death.

2. In my discussion of deficits and debt, I criticize the Congressional Budget Office for assuming that government fiscal balance is the key determinant of economic growth. And since CBO assumes you maximize growth by somehow having large surpluses, the bureaucrats actually argue that higher taxes are good for growth and their analysis implies that the growth-maximizing tax rate is 100 percent.

P.S. If you prefer much shorter doses of Dan Mitchell, you can watch my one-minute videos on tax reform that were produced by the Heartland Institute.

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Lowering top tax rate from 70% to 28% from 1980 to 1988 and those earning over $200,000 paid 99 billion in taxes instead of 19 billion!!!!

What did we learn from the Laffer Curve in the 1980′s? Lowering top tax rate from 70% to 28% from 1980 to 1988 and those earning over $200,000 paid 99 billion in taxes instead of 19 billion!!!! A Lesson on the Laffer Curve for Barack Obama November 6, 2011 by Dan Mitchell One of my frustrating missions […]

Two Lessons from Coolidge: Small government is the best way to achieve competent and effective government and Higher tax rates don’t automatically lead to more tax revenue

Will Rogers has a great quote that I love. He noted, “Lord, the money we do spend on Government and it’s not one bit better than the government we got for one-third the money twenty years ago”(Paula McSpadden Love, The Will Rogers Book, (1972) p. 20.) Dan Mitchell praises Calvin Coolidge for keeping the federal government small. […]

Open letter to President Obama (Part 296) (Laffer curve strikes again!!)

President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here. The way […]

Open letter to President Obama (Part 282, How the Laffer Curve worked in the 20th century over and over again!!!)

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Laffer curve hits tax hikers pretty hard (includes cartoon)

I have put up lots of cartoons from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. Today’s cartoon deals with the Laffer curve. Revenge of the Laffer Curve…Again and Again and Again March 27, 2013 […]

Portugal and the Laffer Curve

Class Warfare just don’t pay it seems. Why can’t we learn from other countries’ mistakes? Class Warfare Tax Policy Causes Portugal to Crash on the Laffer Curve, but Will Obama Learn from this Mistake? December 31, 2012 by Dan Mitchell Back in mid-2010, I wrote that Portugal was going to exacerbate its fiscal problems by raising […]

President Obama ignores warnings about Laffer Curve

The Laffer Curve – Explained Uploaded by Eddie Stannard on Nov 14, 2011 This video explains the relationship between tax rates, taxable income, and tax revenue. The key lesson is that the Laffer Curve is not an all-or-nothing proposition, where we have to choose between the exaggerated claim that “all tax cuts pay for themselves” […]

Harding,Kennedy and Reagan proved that the Laffer Curve works

 I enjoyed this article below because it demonstrates that the Laffer Curve has been working for almost 100 years now when it is put to the test in the USA. I actually got to hear Arthur Laffer speak in person in 1981 and he told us in advance what was going to happen the 1980′s […]

The Laffer Curve Wreaks Havoc in the United Kingdom

I got to hear Arthur Laffer speak back in 1981 and he predicted what would happen in the next few years with the Reagan tax cuts and he was right with every prediction. The Laffer Curve Wreaks Havoc in the United Kingdom July 1, 2012 by Dan Mitchell Back in 2010, I excoriated the new […]

Liberals act like the Laffer Curve does not exist.

Raising taxes will not work. Liberals act like the Laffer Curve does not exist. The Laffer Curve Shows that Tax Increases Are a Very Bad Idea – even if They Generate More Tax Revenue April 10, 2012 by Dan Mitchell The Laffer Curve is a graphical representation of the relationship between tax rates, tax revenue, and […]

 

Free Trade Heroes of mine in Congress!!!

I have written about 66 heroes of mine in the House of Representatives that voted “no” on President Obama’s debt ceiling increase request in 2011. I AM VERY PROUD OF THE FREE TRADE HEROES MENTIONED IN THE ARTICLE BELOW. Many of these same heroes voted against the proposal to raise the debt ceiling too. Lord knows I have written a lot about that in the past. . I have praised over and over and over the 66 House Republicans that voted no on that before. If they did not raise the debt ceiling then we would have a balanced budget instantly.  I agree that the Tea Party has made a difference and I have personally posted 49 posts on my blog on different Tea Party heroes of mine.

I have written and emailed Senator Pryor over, and over again with spending cut suggestions but he has ignored all of these good ideas in favor of keeping the printing presses going as we plunge our future generations further in debt. I am convinced if he does not change his liberal voting record that he will no longer be our senator in 2014.

I have written hundreds of letters and emails to President Obama and I must say that I have been impressed that he has had the White House staff answer so many of my letters. The White House answered concerning Social Security (two times), Green Technologieswelfaresmall businessesObamacare (twice),  federal overspendingexpanding unemployment benefits to 99 weeks,  gun controlnational debtabortionjumpstarting the economy, and various other  issues.   However, his policies have not changed, and by the way the White House after answering over 50 of my letters before November of 2012 has not answered one since.   President Obama is committed to cutting nothing from the budget that I can tell.

 I have praised over and over and over the 66 House Republicans that voted no on that before. If they did not raise the debt ceiling then we would have a balanced budget instantly.  I agree that the Tea Party has made a difference and I have personally posted 49 posts on my blog on different Tea Party heroes of mine.

The problem in Washington is not lack of revenue but our lack of spending restraint. This video below makes that point.

NOW TO THE FREE TRADE HEROES!!!!!

June 4, 2013 2:58PM

Congratulations to the Free Traders of the 112th Congress

Do you remember the 112th Congress—the one that repeatedly almost shut down the government while still managing to raise taxes and spending? It turns out they did some interesting things with trade policy. The votes recorded in Cato’s congressional trade votes database have been counted, tabulated, and analyzed, and the results are mixed. The predictable legislative outcome was that with a Republican House and Democratic Senate, the 112th Congress furthered the bipartisan establishment trade policy of reciprocal tariff reduction and unilateral subsidy expansion.

The more interesting revelations come from looking at the voting records of individual members. Rather than simply noting whether a policy would promote or diminish free trade or would increase or decrease America’s engagement in the global economy, Cato’s Free Trade, Free Markets methodology distinguishes between barriers (like tariffs and quotas) and subsidies (like loan guarantees, tax credits, and price supports). This distinction enables us to place members within a two-dimensional matrix.

Free traders are those that oppose both barriers and subsidies. Interventionists are those that support both barriers and subsidies. Isolationists are those that support barriers but oppose subsidies. Internationalists are those that oppose barriers but support subsidies.

The release of this report offers a wonderful opportunity to name names. First I’d like to point out that last term, three Republican representatives voted consistently to support trade barriers. Just to be clear, these barriers are taxes expressly intended to prevent you from buying things you want. The representatives are Walter Jones of North Carolina, Frank LoBiondo of New Jersey, and Steve LaTourette of Ohio. While Walter Jones consistently opposed subsidies (making him the House’s only isolationist last term), Messrs. LoBiondo and LaTourette joined 115 Democrats as interventionists.

With that unpleasantness out of the way, I would like to offer my congratulations and gratitude to the 112th Congress’s free traders. There were 19 in the Senate and 85 in the House. The high number of free traders in the House last term is due mostly to the fact that there was only one trade subsidy vote; if there were more, I’m sure many of these names would disappear from the list, but many would not and they all deserve credit nonetheless.

Free Traders in the House of Representatives for the 112th Congress: Free Traders in the Senate for the 112th Congress:
Sandy Adams Kelly Ayotte
Todd Akin John Boozman
Justin Amash Tom Coburn
Charles Bass Bob Corker
Diane Black John Cornyn
Marsha Blackburn Jim DeMint
Paul Broun Lindsey Graham
Michael Burgess Chuck Grassley
Quico Canseco Orrin Hatch
Steve Chabot Dean Heller
Jason Chaffetz Jim Inhofe
Mike Coffman Jon Kyl
Mike Conaway Mike Lee
John Culberson John McCain
Jeff Duncan Mitch McConnell
Blake Farenthold Rand Paul
Stephen Fincher Rob Portman
Jeff Flake Jeff Sessions
Chuck Fleischmann Pat Toomey
John C. Fleming
Randy Forbes
Trent Franks
Cory Gardner
Scott Garrett
Phil Gingrey
Louie Gohmert
Paul Gosar
Tom Graves
Tim Griffin
Ralph Hall
Richard Hanna
Andy Harris
Joe Heck
Jeb Hensarling
Wally Herger
Tim Huelskamp
Bill Huizenga
Lynn Jenkins
Sam Johnson
Tim Johnson
Jim Jordan
Steve King
Jack Kingston
Raul Labrador
Doug Lamborn
Leonard Lance
Jeff Landry
James Lankford
Bob Latta
Kenny Marchant
Tom McClintock
Jeff Miller
Mick Mulvaney
Randy Neugebauer
Kristi Noem
Alan Nunnelee
Steven Palazzo
Erik Paulsen
Tom Petri
Ted Poe
Mike Pompeo
Bill Posey
Thomas Price
Ben Quayle
Todd Rokita
Thomas Rooney
Dennis Ross
Ed Royce
Paul Ryan
Steve Scalise
Jean Schmidt
David Schweikert
Austin Scott
Jim Sensenbrenner
Steve Southerland
Cliff Stearns
Marlin Stutzman
John Sullivan
Scott Tipton
Tim Walberg
Daniel Webster
Allen West
Lynn Westmoreland
Rob Woodal
Todd Young

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The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 22)

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 22) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, […]

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 21)

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The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 20)

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The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 19)

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 19) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, […]

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 18)

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 18) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, […]

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 17)

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The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 16)

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The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 15)

Sen Obama in 2006 Against Raising Debt Ceiling The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 15) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from […]

Cartoons from Dan Mitchell’s blog that demonstrate what Obama is doing to our economy (Robinhood cartoon)

I have put up lots of cartoons from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control.

President Obama should care more about trying to cut taxes and get the economy going instead of chasing the rich around everywhere and threatening them. Robinhood was not up to tricks like that.

When I was a kid, I was a big fan of Robin Hood. I remember reading at least two books recounting the legend and I watched the Errol Flynn version of the movie several times.

And, as an adult, I saw both the Kevin Costner and Russell Crowe versions of Robin Hood.

“I’m not an occupy-Wall-Street moocher”

None of this makes me an expert, but it does allow me to state with some confidence that Robin Hood was not a left-wing hero who stole from the rich and redistributed to the poor.

Instead, he was a quasi-libertarian tax protestor. Okay, maybe it’s an exaggeration to claim he was a libertarian, but Robin Hood was on the side of ordinary people who were being exploited by incessant tax demands from the ruling class. His main enemies were Prince John and the Sheriff on Nottingham, not the medieval equivalents of Wall Street.

In the Russell Crowe version of the movie, Robin Hood even gives a speech about the importance of liberty.

So you can imagine how irked I get when statists agitate for things such as the “Robin Hood Tax” in this moronic video. But what motivated me today is a story in the Financial Times about a Cesar Chavez wannabee politician from Spain.

For Spain’s ruling politicians he is a criminal; for his supporters he is Robin Hood, stealing from supermarkets and redistributing the food to the poor. Juan Manuel Sánchez Gordillo, the mayor of Marinaleda, a southern town with a population of 2,600, has been catapulted to cult hero status in Spain after setting out this week on an anti-austerity march across Andalucia – occupying banks and stealing food… “We are fighting a war for the poor … going to jail is not important for me, it would be an honour,” Mr Sánchez Gordillo told the Financial Times. “We are going to occupy all of the banks and supermarkets we are able to in Andalucia. The robbers who have caused this crisis must pay the consequences for what they have done.”

But if the Mayor really wants to make robbers pay, he should march straight to jail and turn himself in. Not for the empty publicity stunt of robbing grocery stores, but for being part of a political class that has dramatically increased the burden of government spending in Spain, from about 30 percent of GDP in 1980 to well over 40 percent today.

But don’t hold your breath waiting for self-awareness from this clown.

Not surprisingly, unions are part of the protest. I’m guessing that Mr. Canamero represents government employees.

On Friday, the marchers, who plan to sleep in the open or in parks, occupied a branch of Banco Santander in the town of Mancha Real in the province of Jaén before leaving later in the day. Diego Canamero, head of the Andalucian Workers Union, was in the branch on Friday. He said critics of the protests were politicians protecting their own interests. “These are symbolic actions against an unsustainable economic situation,” he said. “The bankers rob us, and take our money to tax havens…”

The dig against tax havens is particularly laughable. Ordinary Spaniards should hope and pray that their deposits in the local banks are safely re-deposited in banks based in well-run and honest jurisdictions such as Switzerland, the Cayman Islands, or Singapore.

And if they’re smart, they already cut out the middleman and directly placed their savings in one of these low-tax jurisdictions. That way, they’re not only at much less risk of a bank collapse, but they also have greater ability to protect their assets from the venal and incompetent tax-hungry political elite.

Returning to the mischaracterization of Robin Hood, this Payne cartoon does a good job of capturing my thoughts.

I especially like how Payne shows that the left-wing version of Robin Hood is all about a perniciously corrupt version of redistribution (though he should have included the Export-Import Bank on the side of the van). The genuine poor get crumbs while the well-connected interests make out like bandits.

P.S. Other good Payne cartoons can be seen here, here, herehereherehere, and here.

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Cartoons from Dan Mitchell’s blog that demonstrate what Obama is doing to our economy Part 2

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“You-Didn’t-Build-That” comment pictured in cartoons!!!

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Obama on creating jobs!!!!(Funny Cartoon)

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Get people off of government support and get them in the private market place!!!!(great cartoon too)

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Cartoon demonstrates that guns deter criminals

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Open letter to President Obama (Part 335)

_________

(This letter was emailed to White House on 12-1-12.)

President Obama c/o The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

Why do we constantly extend unemployment benefits when we know that subsidizing unemployment means more joblessness?

Government Benefits Encourage Unemployment

November 29, 2012 by Dan Mitchell

It’s not something I should admit since I work at a think tank, which is based on the idea that substantive analysis can impact public policy, but I sometimes think humor and anecdotes are very effective in helping people understand issues.

On the topic of unemployment insurance, for instance, I wouldn’t be surprised to learn that this Michael Ramirez cartoon and this Wizard-of-Id parody have been effective in helping folks grasp the unintended consequences of excessive government benefits.

And I bet this story from Michigan and this example from Ohio will ring a bell with many people because they have some relative or buddy who also has used government benefits as an excuse to stay unemployed.

So when I went on Fox to discuss the issue, I mentioned that I had a couple of friends who goofed off instead of looking for work because they got unemployment benefits…

.

But since I am a think-tank policy wonk, I also explain that even left-wing economists such as Paul Krugman and Larry Summers agree that subsidizing unemployment means more joblessness. The academic research on this topic is virtually unanimous.

Keep in mind, by the way, that the negative impact of unemployment benefits is just the tip of the welfare-state iceberg. Professor Casey Mulligan has some very good work about the negative impact of redistribution programs, and this chart shows how dependency programs create very high implicit marginal tax rates for the less fortunate.

P.S. My opponent got screwed in terms of airtime, something that I can sympathize with since I’m often the one getting the short end of the stick, even when appearing on overseas television. This previous debate on unemployment insurance, by contrast, was very balanced.

P.P.S. If you want an example of unintentional humor, you can watch Nancy Pelosi asserting that paying people not to work is an effective means of creating jobs.

______–

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

Hypocritical leftists take advantage of tax havens!!!

Hypocritical leftists take advantage of tax havens!!!

 

Earlier this year, I had some fun when it was revealed that the President’s new Treasury Secretary had a lot of money in the Cayman Islands.

After all, leftists want us to believe tax havens are rogue regimes that should be eliminated. Some of them even want military intervention against these low-tax jurisdictions!

Much to my amusement, Mr. Lew even pretended he was financially illiterate to justify making sensible decisions to invest via the Cayman Islands.

And unlike the President’s first Treasury Secretary, Mr. Lew didn’t break the law and cheat on his tax return.

You probably won’t be surprised to learn that Secretary Lew wasn’t the first Democrat to utilize tax havens. Lawmakers such as John Kerry, Bill Clinton, John Edwards, and others on the left also have utilized tax havens to boost their own personal finances.

And it appears that Mr. Lew won’t be the last Democrat to be caught with his hands in the cookie jar.

Here’s some of what’s being reported by the New York Times with regards to the President’s nominee to be U.S. Trade Representative.

Michael Froman, a longtime White House economic aide nominated to be President Obama’s trade representative, has nearly half a million dollars in a fund based in the Cayman Islands, according to financial documents provided to the Senate Finance Committee. …White House officials said Mr. Froman played no role in creating, managing or operating the investment funds and had done nothing wrong. “Mike Froman has paid every penny of his taxes and reported all of the income, gains and losses from the investment on his tax returns,” Mr. Whithorne said.

I don’t remember that compliance with the tax law mattered when Obama and the media were going after Romney in 2012 for legally investing in the Cayman Islands.

Ugland House is bad…unless you’re a rich leftist

Could it be that tax havens are okay, but only if you support big government?

What makes this story particularly amusing is that Mr. Froman’s Cayman investments were domiciled in Ugland House, which is infamous in leftist circles for being the legal home for thousands of entities.

According to a 2011 financial document, Mr. Froman held $490,845 in a fund managed by Citigroup and based in Grand Cayman’s Ugland House, a modest whitewashed building that has been widely cited as a symbol of tax avoidance since it is home to nearly 19,000 business entities seeking favorable tax treatment. In answers to Finance Committee questions, Mr. Froman said on May 17 that he still held those assets but would sell them off within 90 days of confirmation as trade representative. Mr. Grassley said the president once called the Ugland House “the biggest tax scam in the world.”

You may be thinking that you’ve heard of Ugland House before. Perhaps that’s because you were paying attention during the 2008 campaign.

To refresh your memory, pay attention beginning at the 1:135 mark of this video.

But I guess it’s okay that Mr. Froman invests via Ugland House. After all, he’s willing to endorse higher taxes for other people, so that’s sort of like getting an indulgence for supposed sins.

The President must really like people who invest in tax havens because his nominee to be Treasury Secretary also is “guilty” of having a sensible approach with regards to her personal finances.

Here are some relevant details from a Reuters report.

Chicago billionaire Penny Pritzker on Thursday appeared on her way to becoming U.S. commerce secretary, after a top Republican lawmaker said she had answered most of his questions about her role in…her family’s use of an offshore tax haven. …A 184-page financial disclosure form released by the White House provided a detailed view of Pritzker’s wealth. It includes $54 million in consulting fees she received from the Canadian Imperial Bank of Commerce Trust Co, which manages an offshore trust for the Pritzker family in the Bahamas. …Pritzker acknowledged being a beneficiary of an offshore trust set up when she was “a little girl” and told the panel she has asked the current trustee to step aside and appoint a U.S. trustee.

How convenient that she waited until age 54 – and being nominated to a high-level slot – before addressing the issue.

In a logical world, of course, she wouldn’t have to pretend there’s something wrong with utilizing the superior laws that exist in the Bahamas, any more than she should have to justify selecting a restaurant that gives her better food and quality service at a lower price.

In other words, the real moral of the story is that so-called tax havens play a very valuable role in the global economy. As explained in this video, they are very good platforms for economic activity and they encourage less punitive fiscal policy in high-tax nations.

President Obama’s Dishonest Demagoguery on So-Called Tax Havens

Uploaded on Jul 21, 2009

Politicians who like higher taxes would like to shut down so-called tax havens so they can set up an “OPEC for politicians” and implement higher tax rates. Yet since all the evidence shows that low-tax jurisdictions are very beneficial for the global economy, the politicians often resort to dishonest demagoguery. This educational video from the Center for Freedom and Prosperity debunks President Obama’s two most common smears against tax havens. http://www.freedomandprosperity.org

______________________

But I guess it’s okay that Mr. Froman invests via Ugland House. After all, he’s willing to endorse higher taxes for other people, so that’s sort of like getting an indulgence for supposed sins.

The President must really like people who invest in tax havens because his nominee to be Treasury Secretary also is “guilty” of having a sensible approach with regards to her personal finances.

Here are some relevant details from a Reuters report.

Chicago billionaire Penny Pritzker on Thursday appeared on her way to becoming U.S. commerce secretary, after a top Republican lawmaker said she had answered most of his questions about her role in…her family’s use of an offshore tax haven. …A 184-page financial disclosure form released by the White House provided a detailed view of Pritzker’s wealth. It includes $54 million in consulting fees she received from the Canadian Imperial Bank of Commerce Trust Co, which manages an offshore trust for the Pritzker family in the Bahamas. …Pritzker acknowledged being a beneficiary of an offshore trust set up when she was “a little girl” and told the panel she has asked the current trustee to step aside and appoint a U.S. trustee.

How convenient that she waited until age 54 – and being nominated to a high-level slot – before addressing the issue.

In a logical world, of course, she wouldn’t have to pretend there’s something wrong with utilizing the superior laws that exist in the Bahamas, any more than she should have to justify selecting a restaurant that gives her better food and quality service at a lower price.

In other words, the real moral of the story is that so-called tax havens play a very valuable role in the global economy. As explained in this video, they are very good platforms for economic activity and they encourage less punitive fiscal policy in high-tax nations.

The Economic Case for Tax Havens

Uploaded on Sep 10, 2008

Statist politicians and international bureaucracies such as the OECD and UN routinely attack tax havens, claiming that they lead to “harmful tax competition.” Yet at no point do critics bother to provide any evidence for this claim. This mini-documentary from the Center for Freedom and Prosperity looks at the empirical data and scholarly research and reports that tax havens actually have a very positive impact on the global economy.

_____________________

Here are additional reasons why tax havens are a huge plus for the global economy.

Unfortunately, good economic policy doesn’t seem to count for much. Politicians for high-tax nations have been somewhat successful in badgering tax havens into surrendering some of their fiscal policy and agreeing to act as deputy tax collectors for foreign government.

What does this mean? Well, as Professor Greg Mankiw of Harvard University explains, politicians will raise taxes even higher when they don’t have to worry about competition from low-tax jurisdictions.

 

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Obama’s method: Higher Taxes on the Rich Are a Precursor to Higher Taxes on the Rest of Us

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Obamacare would be a huge tax if it ever goes into effect

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