Category Archives: President Obama

FIRST PRESIDENTIAL DEBATE – Barack Obama VS Mitt Romney (Part 7)

October 12, 2012 – 6:13 am

FIRST PRESIDENTIAL DEBATE – Barack Obama VS Mitt Romney (Part 7)

Published on Oct 3, 2012 by

Barack Obama & Mitt Romney Full Presidential Debate

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Related posts:

Open letter to President Obama (Part 147)

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. If you […]

Romney responds to my letter on abortion

Francis Schaeffer February 21, 1982 (Part 1) Uploaded by DeBunker7 on Feb 21, 2008 I sent Romney 12 letters on the prolife movement and many of these letters including the writings of Dr. Francis Schaeffer. Here are two clips from Schaeffer that sum up his views on abortion. _______________ Francis Schaeffer February 21, 1982 (Part […]

Open letter to President Obama (Part 142 B)

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. This excessive […]

Open letter to President Obama (Part 136 B)

Real Time with Bill Maher March 16 2012 – Alexandra Pelosi Interviews Welfare Recipients in NYC Published on Mar 18, 2012 by vclubscenedotcom Real Time with Bill Maher March 16 2012 – Alexandra Pelosi Interviews Welfare Recipients ____________ President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 12)

To Mitt Romney, Box 96861, Washington, DC 20090-6861,  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He told him that the […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 11)

To Mitt Romney, Box 96861, Washington, DC 20090-6861,  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He told him that the […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 10)

A Ronald Reagan radio address from 1975 addresses the topics of abortion and adoption. This comes from a collection of audio commentaries titled “Reagan in His Own Voice.” To Mitt Romney, Box 96861, Washington, DC 20090-6861,  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 9)

To Mitt Romney, Box 96861, Washington, DC 20090-6861,  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He told him that the […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 8)

Superbowl commercial with Tim Tebow and Mom. To Mitt Romney, Box 96994, Washington, DC 20077-7556  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 7)

___________________________________________ Francis Schaeffer is a hero of mine and I want to honor him with a series of posts on Sundays called “Schaeffer Sundays” which will include his writings and clips from his film series. I have posted many times in the past using his material. Philosopher and Theologian, Francis A. Schaeffer has argued, “If […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 6)

A Christian Manifesto by Francis Schaeffer (Part 1) To Mitt Romney, Box 149756, Boston, MA 02114-9756  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 5)

Part 1 Part 2 To Mitt Romney, Box 149756, Boston, MA 02114-9756  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 4)

Part 1 Part 2 To Mitt Romney, Box 149756, Boston, MA 02114-9756  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 3)

To Mitt Romney, Box 96994, Washington, DC 20077-7556  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He told him that the […]

Open letter to President Obama (Part 125B)

Obama Calls GOP Budget Plan “Prescription for Decline” Uploaded by PBSNewsHour on Apr 3, 2012 In a blistering attack on the House-Passed Republican budget Tuesday, President Obama called the plan proposed by Rep. Paul Ryan a “Trojan Horse” and “a prescription for decline.” Judy Woodruff, Jared Bernstein of the Center on Budget and Policy Priorities […]

President Obama responds to Heritage Foundation critics on welfare reform waivers

Is President Obama gutting the welfare reform that Bill Clinton signed into law? Morning Bell: Obama Denies Gutting Welfare Reform Amy Payne August 8, 2012 at 9:15 am The Obama Administration came out swinging against its critics on welfare reform yesterday, with Press Secretary Jay Carney saying the charge that the Administration gutted the successful […]

Open letter to President Obama (Part 117.3)

A Taxing Distinction for ObamaCare Published on Jun 28, 2012 by catoinstitutevideo http://www.cato.org/publications/commentary/it-now-falls-congress http://www.cato.org/publications/commentary/taxing-decision http://www.cato-at-liberty.org/supreme-court-unlawfully-rewrites-obamacare-to… http://www.cato-at-liberty.org/congress-its-not-a-tax-scotus-yes-it-is/ The Cato Institute’s Roger Pilon, Ilya Shapiro, Michael F. Cannon, Michael D. Tanner and Trevor Burrus evaluate today’s ruling on ObamaCare at the Supreme Court. Video produced by Caleb O. Brown and Austin Bragg. ____________ President Obama c/o The […]

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 […]

“Feedback Friday” Letter to White House generated form letter response June 15, 2012 on Healthcare (part 8)

I have been writing President Obama letters and have not received a personal response yet.  (He reads 10 letters a day personally and responds to each of them.) However, I did receive a form letter in the form of an email on June 15, 2012. I don’t know which letter of mine generated this response so I have […]

Letter to White House generated form letter response April 3, 2011 (part 4)

I have been writing President Obama letters and have not received a personal response yet.  (He reads 10 letters a day personally and responds to each of them.) However, I did receive a form letter in the form of an email on April 3, 2011. I don’t know which letter of mine generated this response so I have linked […]

“Feedback Friday” Letter to White House generated form letter response (on how to jumpstart the economy) March 7, 2011 (part 3)

I have been writing President Obama letters and have not received a personal response yet.  (He reads 10 letters a day personally and responds to each of them.) However, I did receive a form letter in the form of an email on March 7, 2011. I don’t know which letter of mine generated this response so I have […]

 

By Everette Hatcher III | Also posted in spending out of control | Comments (0)

Heritage Foundation looks at facts mentioned in first Presidential Debate (Part 3)

October 12, 2012 – 6:09 am

FIRST PRESIDENTIAL DEBATE – Barack Obama VS Mitt Romney (Part 5)

Published on Oct 3, 2012 by

Barack Obama & Mitt Romney Full Presidential Debate

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Setting the record straight on the first presidential debate is very easy if you are a reader of the Heritage Foundation website!!! Here are some examples below taken from Romina Boccia‘s excellent article from October 4, 2012:

Romina Boccia

October 4, 2012 at 5:41 pm

During last night’s presidential debate, claims were flying fast and furious. Some of these claims were true, others false. Here are the top 10—see which ones you can guess as either true or false.


 

7.      Natural gas production is up in spite of Obama’s policies, not because of them.

Romney: “[T]he President pointed out correctly that production of oil and gas in the U.S. is up. But not due to his policies. In spite of his policies. Mr. President, all of the increase in natural gas and oil has happened on private land, not on government land.”

True.Much of the increased oil and gas production is on private lands, over which the Administration has no control. According to a recent report from the Energy Information Administration, energy production decreased 13 percent on federal lands in fiscal year (FY) 2011 compared to FY 2010.

8.      Businesses can take a deduction for moving jobs overseas.

Obama: “I also want to close those loopholes that are giving incentives for companies that are shipping jobs overseas.”

False.President Obama falsely claimed businesses can take a deduction for moving jobs overseas. No such deduction exists. Moreover, President Obama demonstrates a fundamental misunderstanding of how the global economy works by suggesting that companies investing overseas destroy jobs at home. A U.S. business investing abroad is good for the U.S. economy because it makes the company more competitive at home and abroad in selling products into global markets, which often creates more jobs for Americans.

9.      America’s corporate tax rate is uncompetitive.

Obama: “When it comes to our tax code, Governor Romney and I both agree that our corporate tax rate is too high, so I want to lower it, particularly for manufacturing, taking it down to 25 percent.”

True. At over 39 percent, the U.S. has the highest corporate tax rate among industrialized nations. The average of all industrialized countries in the Organization for Economic Co-operation and Development (OECD), including the U.S. rate, is about 25 percent. To regain standing compared to competing nations, Congress should lower the rate so it is on par with the current OECD average. Despite this, President Obama has proposed to raise taxes on those firms with multinational operations. This would not insource jobs, but outsource ownership of U.S. firms.

10.  Social Security is structurally sound.

Obama: “Social Security is structurally sound. It’s going to have to be tweaked, [but] the basic structure is sound.”

False. Social Security is running permanent and growing deficits, threatening a 25 percent cut in Social Security benefits in 21 years. The Congressional Budget Office (CBO) recently confirmed that Social Security has been running deficits of about 4 percent for two years in a row and that these will only get worse over time. CBO projects that Social Security’s deficits will average 10 percent over the next decade and then exceed 20 percent by 2030 as more baby boomers retire.

FIRST PRESIDENTIAL DEBATE – Barack Obama VS Mitt Romney (Part 7)

Published on Oct 3, 2012 by

Barack Obama & Mitt Romney Full Presidential Debate

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By Everette Hatcher III | Also posted in Current Events, spending out of control | Comments (0)

The real truth about the financial condition of Social Security can be seen on the www.thedailyhatch.org

October 12, 2012 – 4:34 am

Uploaded by on Jan 8, 2009

Professor Williams explains what’s ahead for Social Security

If you want to know the real truth about the financial condition of Social Security then check out these links below:

Ark Times reader says Social Security is not Ponzi Scheme

Social Security is a Ponzi Scheme but Blake who is a blogger said I was off base. Ark Times reader says Social Security is not Ponzi Scheme Social Security Disaster Walter E. Williams Columnist, Townhall.com Politicians who are principled enough to point out the fraud of Social Security, referring to it as a lie and […]

Social Security is a Ponzi scheme that needs to be reformed

We got to do something soon about Social Security. The Case for Social Security Personal Accounts Posted by Daniel J. Mitchell There are two crises facing Social Security. First the program has a gigantic unfunded liability, largely caused by demographics. Second, the program is a very bad deal for younger workers, making them pay record […]

Senator Obama’s ideas on Social Security

Senator Obama’s Social Security Tax Plan Uploaded by afq2007 on Jul 23, 2008 In addition to several other tax increases, Senator Barack Obama wants to increase the Social Security payroll tax burden by imposing the tax on income above $250,000. This would be a sharp departure from current law, which only requires that the tax […]

Social Security is a Ponzi scheme (part 13)

Saving Social Security with Personal Retirement Accounts Uploaded by afq2007 on Jan 10, 2011 There are two crises facing Social Security. First the program has a gigantic unfunded liability, largely thanks to demographics. Second, the program is a very bad deal for younger workers, making them pay record amounts of tax in exchange for comparatively meager benefits. This […]

What does the Heritage Foundation have to say about saving Social Security:Study released May 10, 2011 (Part 7)

“Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, and Restore Prosperity,” Heritage Foundation, May 10, 2011 by  Stuart Butler, Ph.D. , Alison Acosta Fraser and William Beach is one of the finest papers I have ever read. Over the next few days I will post portions of this paper, but […]

Only difference between Ponzi scheme and Social Security is you can say no to Ponzi Scheme jh2d

Is Social Security  a Ponzi Scheme? I just started a series on this subject. In this article below you will see where the name “Ponzi scheme” came from and if it should be applied to the Social Security System. Ponzi! Ponzi! Ponzi! 9/14/2011 | Email John Stossel | Columnist’s Archive Ponzi! Ponzi! Ponzi! There, I […]

Social Security a Ponzi scheme?

Uploaded by LibertyPen on Jan 8, 2009 Professor Williams explains what’s ahead for Social Security Dan Mitchell on Social Security I have said that Social Security is a Ponzi scheme and sometimes you will hear someone in the public say the same thing. Yes, It Is a Ponzi Scheme by Michael D. Tanner Michael Tanner […]

Dan Mitchell on Social Security

 

 

By Everette Hatcher III | Also posted in Cato Institute, Social Security, spending out of control, Taxes | Tagged | Comments (0)

FIRST PRESIDENTIAL DEBATE – Barack Obama VS Mitt Romney (Part 6)

October 11, 2012 – 7:05 am

FIRST PRESIDENTIAL DEBATE – Barack Obama VS Mitt Romney (Part 6)

Published on Oct 3, 2012 by

Barack Obama & Mitt Romney Full Presidential Debate

__________

Related posts:

Open letter to President Obama (Part 147)

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. If you […]

Romney responds to my letter on abortion

Francis Schaeffer February 21, 1982 (Part 1) Uploaded by DeBunker7 on Feb 21, 2008 I sent Romney 12 letters on the prolife movement and many of these letters including the writings of Dr. Francis Schaeffer. Here are two clips from Schaeffer that sum up his views on abortion. _______________ Francis Schaeffer February 21, 1982 (Part […]

Open letter to President Obama (Part 142 B)

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. This excessive […]

Open letter to President Obama (Part 136 B)

Real Time with Bill Maher March 16 2012 – Alexandra Pelosi Interviews Welfare Recipients in NYC Published on Mar 18, 2012 by vclubscenedotcom Real Time with Bill Maher March 16 2012 – Alexandra Pelosi Interviews Welfare Recipients ____________ President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 12)

To Mitt Romney, Box 96861, Washington, DC 20090-6861,  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He told him that the […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 11)

To Mitt Romney, Box 96861, Washington, DC 20090-6861,  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He told him that the […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 10)

A Ronald Reagan radio address from 1975 addresses the topics of abortion and adoption. This comes from a collection of audio commentaries titled “Reagan in His Own Voice.” To Mitt Romney, Box 96861, Washington, DC 20090-6861,  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 9)

To Mitt Romney, Box 96861, Washington, DC 20090-6861,  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He told him that the […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 8)

Superbowl commercial with Tim Tebow and Mom. To Mitt Romney, Box 96994, Washington, DC 20077-7556  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 7)

___________________________________________ Francis Schaeffer is a hero of mine and I want to honor him with a series of posts on Sundays called “Schaeffer Sundays” which will include his writings and clips from his film series. I have posted many times in the past using his material. Philosopher and Theologian, Francis A. Schaeffer has argued, “If […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 6)

A Christian Manifesto by Francis Schaeffer (Part 1) To Mitt Romney, Box 149756, Boston, MA 02114-9756  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 5)

Part 1 Part 2 To Mitt Romney, Box 149756, Boston, MA 02114-9756  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 4)

Part 1 Part 2 To Mitt Romney, Box 149756, Boston, MA 02114-9756  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 3)

To Mitt Romney, Box 96994, Washington, DC 20077-7556  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He told him that the […]

Open letter to President Obama (Part 125B)

Obama Calls GOP Budget Plan “Prescription for Decline” Uploaded by PBSNewsHour on Apr 3, 2012 In a blistering attack on the House-Passed Republican budget Tuesday, President Obama called the plan proposed by Rep. Paul Ryan a “Trojan Horse” and “a prescription for decline.” Judy Woodruff, Jared Bernstein of the Center on Budget and Policy Priorities […]

President Obama responds to Heritage Foundation critics on welfare reform waivers

Is President Obama gutting the welfare reform that Bill Clinton signed into law? Morning Bell: Obama Denies Gutting Welfare Reform Amy Payne August 8, 2012 at 9:15 am The Obama Administration came out swinging against its critics on welfare reform yesterday, with Press Secretary Jay Carney saying the charge that the Administration gutted the successful […]

Open letter to President Obama (Part 117.3)

A Taxing Distinction for ObamaCare Published on Jun 28, 2012 by catoinstitutevideo http://www.cato.org/publications/commentary/it-now-falls-congress http://www.cato.org/publications/commentary/taxing-decision http://www.cato-at-liberty.org/supreme-court-unlawfully-rewrites-obamacare-to… http://www.cato-at-liberty.org/congress-its-not-a-tax-scotus-yes-it-is/ The Cato Institute’s Roger Pilon, Ilya Shapiro, Michael F. Cannon, Michael D. Tanner and Trevor Burrus evaluate today’s ruling on ObamaCare at the Supreme Court. Video produced by Caleb O. Brown and Austin Bragg. ____________ President Obama c/o The […]

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 […]

“Feedback Friday” Letter to White House generated form letter response June 15, 2012 on Healthcare (part 8)

I have been writing President Obama letters and have not received a personal response yet.  (He reads 10 letters a day personally and responds to each of them.) However, I did receive a form letter in the form of an email on June 15, 2012. I don’t know which letter of mine generated this response so I have […]

Letter to White House generated form letter response April 3, 2011 (part 4)

I have been writing President Obama letters and have not received a personal response yet.  (He reads 10 letters a day personally and responds to each of them.) However, I did receive a form letter in the form of an email on April 3, 2011. I don’t know which letter of mine generated this response so I have linked […]

“Feedback Friday” Letter to White House generated form letter response (on how to jumpstart the economy) March 7, 2011 (part 3)

I have been writing President Obama letters and have not received a personal response yet.  (He reads 10 letters a day personally and responds to each of them.) However, I did receive a form letter in the form of an email on March 7, 2011. I don’t know which letter of mine generated this response so I have […]

 

By Everette Hatcher III | Also posted in spending out of control | Comments (0)

Open letter to President Obama (Part 153B)

October 11, 2012 – 1:22 am

Milton Friedman The Power of the Market 4-5

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.

I know that every President says he believes in freedom but how many have fought hard to protect both our economic and personal freedoms?

How can we have personal freedom without economic freedom? That is why I don’t understand why socialists who value individual freedoms want to take away our economic freedoms.  I wanted to share this info below with you from Milton Friedman who has influenced me greatly over the last 30 plus years. Here is part four which consists of a lively discussion between Friedman and several other interested scholars concerning his film.
To take an example that at first sight seems about as far away as you can get __ the language we speak; the words we use; the complex structure of our grammar; no government bureau designed that. It arose out of the voluntary interactions of people seeking to communicate with one another. Or consider some of the great scientific achievements of our time __ the discoveries of an Einstein or Newton __ the inventions of Thomas Alva Edison or an Alexander Graham Bell or even consider the great charitable activities of a Florence Nightingale or an Andrew Carnegie. These weren’t done under orders from a government office. They were done by individuals deeply interested in what they were doing, pursing their own interests, and cooperating with one another.This kind of voluntary cooperation is built so deeply into the structure of our society that we tend to take it for granted. Yet the whole of our Western civilization is the unintended consequence of that kind of a voluntary cooperation of people cooperating with one another to pursue their own interests, yet in the process, building a great society.DISCUSSIONI’m Linda Chavez. Welcome to Free to Choose. Joining Dr. Friedman in a discussion of the power of the market are David Brooks of the Wall Street Journal, and James Galbraith of the University of Texas at Austin. Dr. Galbraith, should we follow the example of Hong Kong and simply allow an unregulated free market?Galbraith: I think we do better in this country whereas the combination of a free market and its advantages, and a well regulated, carefully thought out structure of government, which provides a chance to pick up some of the losers from the market process and give them a second start. It provides us with a chance to make the economic process a little safer, a little healthier, a little more environmentally sound and protective, than you might get from a strict adherence to the free market such as Professor Friedman has described in the case of Hong Kong.Chavez: Dr. Friedman, is there any such thing as a well-regulated market?Friedman: No. He is begging the question. Obviously he is right. If you could have a well-regulated, carefully thought out, properly done market, benevolent dictatorship is the best of all forms of government.

Galbraith: Oh, I don’t agree with that at all.

Friedman: Neither do I.

Galbraith: Constitutional democracy is the best of all forms of government.

Friedman: No. Constitutional democracy is the least bad of all forms of government. But you beg all the questions when you talk about well-regulated, carefully thought out __ if you look at the actual programs that governments follow, they most always have effects that are the opposite of those that were intended by their well-meaning advocates.

Galbraith: Let me tell you what troubles me.

Friedman: I will tell you something. Matching the invisible hand of the market is the invisible foot of government.

Galbraith: You make the point in the program that in every case where you have a smaller role of government and a freer market, you have a higher standard of living.

Friedman: No. I didn’t say that. I didn’t say that. I said there are better conditions for the poorer people.

Galbraith: Okay. Better conditions for the poorer people. Fine, I will accept that. At the same time you are making the argument in the program that the conditions in Hong Kong are better, for example, than in the United States, which is manifestly not true. You are making the argument that Hong Kong is more free than we are.

Friedman: It is more free.

Galbraith: Does it then follow that the conditions for poor people in Hong Kong are better than they are in the United States? That I don’t believe is true.

Friedman: I said in there where you compare like with like.

Galbraith: Okay this is an important qualification.

Friedman: Hong Kong obviously started out from a much lower position. If I were to compare conditions in Hong Kong in 1945 or 1950 with conditions in the United States in 1820 or 1830, you would have a much closer comparison.

Galbraith: Are you then saying, a position which I would find much more congenial, that where you have a country which has developed a base of material wealth, a degree of comfort for the average citizen, that it is then legitimate for the government of that country to step in and provide some guarantees and some security for poor people and old people.

Friedman: No. I am not saying that at all. Every time they step in and try to do that, they end up doing the opposite.

Galbraith: This discussion reflects a feature of the program that I found to be most troubling which is the failure to make a distinction between governments of the kind that we have developed in this country over 200 years, and governments of the kind that you described in the People’s Republic of China. It’s perfectly clear that one can have, and many countries do have, the curse of repressive dictatorships. It is also perfectly clear that an economy that is organized by Commissars is going to fail. We have certainly seen laid out before us over the last several years, the ashes of those failed economies. But is it possible to take the example of the Soviet Union, Poland, Hungary, and to say that because their governments, which were after all dictatorships modeled after the system of government installed in the Soviet Union by Stalin, are in fact parallel to the actions of our government which is a government which operates on many different federal levels, and where fundamentally what you have is the ability of the ordinary citizen whose power is not weighted by the amount of money he or she has, to use the vote in order to make some collective decisions. Granted, after ten years of Reagan’s Washington, you’ve got a serious problem of corruption. Does that mean we should abandon the idea that you have a democratic process that should be entrusted with certain important decisions __ I don’t think so.

Friedman: You don’t have a democratic process in the sense in which you mean it. We have a democracy. We have a majority rule, but the majority that rules is a collection of minorities. It is a collection of special interests. You cannot tell me that the consumers in this country would vote for a sugar quota that makes the price of sugar three times the world price. When you say you can’t compare it to Russia, you are quite right, but only because they are 100% and we are 50%. If our system, if our present regulations and rules had prevailed, our scope of government had prevailed 100 years ago, we wouldn’t be where we are today.

Chavez: Let me understand you Dr. Friedman. Do you believe that there should be no role at all, whatsoever, for government?

Friedman: Of course there should be a role for government __ a very important role for government.

Chavez: What is that role?

Friedman: The role for government is first of all, to protect people from physical coercion by their neighbors or by foreign countries, that is to protect the national defense and to protect law and order at home. There is a role for government enabling us to have a mechanism whereby we decide on the rules which we want to run, how we define private property, what we mean by private property. There is a role for government in adjudicating disputes between us. There is a role for government. A very important role and I believe our government played that role quite well for about 100 years until the Great Depression.

Brooks: I would go a little further. I think there is a health and safety role as well. The problem is that you have to keep your regulations simple and minimal. You have to realize that there are costs and often the costs outweigh the benefits. In fact, in Washington there are interests who want to divert costs to themselves, so there is sort of a built in structure, a dynamic to make costs outweigh the benefits.

Galbraith: We are making progress here. I would add that the government has a role to protect the environment. I would say the government has a role to set standards for products, where information is very costly for the individual consumer to obtain. I like very much the fact that the steaks that the dentist was eating were inspected by the USDA. Their purity was guaranteed by a rather well-functioning aspect of our government.

Brooks: On the other hand, you have the FDA which has these long delays, 10 years to get a drug approved so that the effect is that you have to be a big drug company to get any kind of dent of the market. Basically you are closing off the market.

Galbraith: On the other hand, you have had a set of regulations which have disappeared without any well-justified regrets. For example, the regulations that govern the entry into interstate trucking; the regulations that govern entry and rates in the airlines.

Friedman: Don’t tell me that that was done under the Reagan administration.

Galbraith: Oh no. Those reforms were done under the Carter administration.

Brooks: There is no doubt that Carter did the heavy lifting on deregulation.

___________

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

Sincerely,

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

By Everette Hatcher III | Also posted in Milton Friedman | Comments (0)

FIRST PRESIDENTIAL DEBATE – Barack Obama VS Mitt Romney (Part 5)

October 10, 2012 – 6:47 am

FIRST PRESIDENTIAL DEBATE – Barack Obama VS Mitt Romney (Part 5)

Published on Oct 3, 2012 by

Barack Obama & Mitt Romney Full Presidential Debate

__________

Related posts:

Open letter to President Obama (Part 147)

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. If you […]

Romney responds to my letter on abortion

Francis Schaeffer February 21, 1982 (Part 1) Uploaded by DeBunker7 on Feb 21, 2008 I sent Romney 12 letters on the prolife movement and many of these letters including the writings of Dr. Francis Schaeffer. Here are two clips from Schaeffer that sum up his views on abortion. _______________ Francis Schaeffer February 21, 1982 (Part […]

Open letter to President Obama (Part 142 B)

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Open letter to President Obama (Part 136 B)

Real Time with Bill Maher March 16 2012 – Alexandra Pelosi Interviews Welfare Recipients in NYC Published on Mar 18, 2012 by vclubscenedotcom Real Time with Bill Maher March 16 2012 – Alexandra Pelosi Interviews Welfare Recipients ____________ President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I […]

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Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 11)

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A Ronald Reagan radio address from 1975 addresses the topics of abortion and adoption. This comes from a collection of audio commentaries titled “Reagan in His Own Voice.” To Mitt Romney, Box 96861, Washington, DC 20090-6861,  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 9)

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Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 8)

Superbowl commercial with Tim Tebow and Mom. To Mitt Romney, Box 96994, Washington, DC 20077-7556  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 7)

___________________________________________ Francis Schaeffer is a hero of mine and I want to honor him with a series of posts on Sundays called “Schaeffer Sundays” which will include his writings and clips from his film series. I have posted many times in the past using his material. Philosopher and Theologian, Francis A. Schaeffer has argued, “If […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 6)

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Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 5)

Part 1 Part 2 To Mitt Romney, Box 149756, Boston, MA 02114-9756  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 4)

Part 1 Part 2 To Mitt Romney, Box 149756, Boston, MA 02114-9756  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 3)

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Open letter to President Obama (Part 125B)

Obama Calls GOP Budget Plan “Prescription for Decline” Uploaded by PBSNewsHour on Apr 3, 2012 In a blistering attack on the House-Passed Republican budget Tuesday, President Obama called the plan proposed by Rep. Paul Ryan a “Trojan Horse” and “a prescription for decline.” Judy Woodruff, Jared Bernstein of the Center on Budget and Policy Priorities […]

President Obama responds to Heritage Foundation critics on welfare reform waivers

Is President Obama gutting the welfare reform that Bill Clinton signed into law? Morning Bell: Obama Denies Gutting Welfare Reform Amy Payne August 8, 2012 at 9:15 am The Obama Administration came out swinging against its critics on welfare reform yesterday, with Press Secretary Jay Carney saying the charge that the Administration gutted the successful […]

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By Everette Hatcher III | Also posted in spending out of control | Comments (0)

Open letter to President Obama (Part 153)

October 10, 2012 – 6:41 am
Federal Spending by the Numbers
 

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. 

I wondered how much debt has been run up during the last 3 years. The democrats downplay our debt problem and maybe the republicans have been making it sound worse than it is. What is the real truth? Is the current adminstration running up our national debt faster than any previous administration?

You are the President of the United States and I am sure you don’t want to be remembered as the man who did not ever cut anything from the budget. We need some major cuts now.

 
 
Posted: April 15, 2012 – 12:25am  

By Carole Fader jacksonville.com April 15, 2012 – 12:25am

Fact Check: President Obama ‘undisputed debt king’ of last 5 presidents

Times-Union readers want to know:

Is it true that the national debt has increased more under President Barack Obama than all the previous 43 presidents combined?

Sarah Palin told this to Fox News last year and it has been repeated in viral emails since.

It wasn’t true when she said it in May 2011 and it still isn’t true today. But partisan comments about the debt are nothing new and, according to fact-finding organizations, there’s been a lot of “sugarcoating” going on by both parties.

House Democratic leader Nancy Pelosi, for example, said on her website in early May 2011 that the debt had increased only 16 percent since Obama took office. That number was bandied about for a while by Democrats but, despite being corrected later, it is still being used in various postings and emails.

On a Flickr page, Pelosi had listed the following debt-increase numbers for these presidents: Ronald Reagan, up 189 percent; George H.W. Bush, up 55 percent; Bill Clinton, up 37 percent; George W. Bush, up 115 percent; Obama, up 16 percent.

PolitiFact.com, a Pulitzer Prize-winning fact-finding project of the Tampa Bay Times, took a hard look at the chart and found that Obama’s number was based on him taking office on Jan. 20, 2010, a year later than his actual inauguration date.

Using the real time frame, PolitiFact.com found that as of May 2011, George W. Bush had an increase of $4.899 trillion, or 86 percent, not 115 percent, and debt under Obama had risen $3.661 trillion, or 34 percent — not 16 percent. Numbers for the elder Bush, Reagan and Clinton were essentially correct.

When pointed out by PolitiFact.com, Pelosi’s office acknowledged the calculation error and changed the information.

PolitiFact.com also went one step farther. It looked at the debt as a percentage of the gross domestic product because this factors out complications such as economic cycles and inflation. Using Office of Management and Budget statistics, here’s what PolitiFact found:

Reagan, up 14.9 percentage points; George H.W. Bush, up 7.1 percentage points; Clinton, down 13.4 percentage points; George W. Bush, up 5.6 percentage points; Obama, up 21.9 percentage points.

PolitiFact.com reported: “So by this measurement — potentially a more important one — Obama is the undisputed debt king of the last five presidents, rather than the guy who added a piddling amount to the debt, as Pelosi’s chart suggested.”

It also depends on what kind of debt you look at: public debt, which is debt held by the public, or gross federal debt, which combines that debt plus debt held by the government itself. The Washington Post also pointed out other ways to look at presidential debt in an article at tinyurl.com/79erqx7.

Another way of checking out the national debt is at the Treasury Department’s “debt to the penny” website at tinyurl.com/djlqmw.

That database shows that Palin’s statement about Obama’s debt increase surpassing all previous presidents combined is not factual. The nation’s total debt was $10.626 trillion on the day Obama took office and, as of Thursday, it had increased to $15.614 trillion — a rise of $4.988 trillion.

Actually, Obama’s debt-increase number overtook that of George W. Bush — which rose from $5.727 trillion to $10.626, or $4.899 trillion — last month.

So, yes, the debt increase has risen more during Obama’s almost three years and three months in office than it did during eight years of Bush’s presidency — but obviously not more than all presidents combined.

carole.fader@jacksonville.com, (904) 359-4635

____________

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

By Everette Hatcher III | Also posted in spending out of control | Comments (0)

FIRST PRESIDENTIAL DEBATE – Barack Obama VS Mitt Romney (Part 4)

October 9, 2012 – 6:44 am

FIRST PRESIDENTIAL DEBATE – Barack Obama VS Mitt Romney (Part 4)

Published on Oct 3, 2012 by

Barack Obama & Mitt Romney Full Presidential Debate

__________

Related posts:

Open letter to President Obama (Part 147)

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Romney responds to my letter on abortion

Francis Schaeffer February 21, 1982 (Part 1) Uploaded by DeBunker7 on Feb 21, 2008 I sent Romney 12 letters on the prolife movement and many of these letters including the writings of Dr. Francis Schaeffer. Here are two clips from Schaeffer that sum up his views on abortion. _______________ Francis Schaeffer February 21, 1982 (Part […]

Open letter to President Obama (Part 142 B)

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Open letter to President Obama (Part 136 B)

Real Time with Bill Maher March 16 2012 – Alexandra Pelosi Interviews Welfare Recipients in NYC Published on Mar 18, 2012 by vclubscenedotcom Real Time with Bill Maher March 16 2012 – Alexandra Pelosi Interviews Welfare Recipients ____________ President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I […]

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To Mitt Romney, Box 96861, Washington, DC 20090-6861,  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He told him that the […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 11)

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Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 10)

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Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 9)

To Mitt Romney, Box 96861, Washington, DC 20090-6861,  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He told him that the […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 8)

Superbowl commercial with Tim Tebow and Mom. To Mitt Romney, Box 96994, Washington, DC 20077-7556  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 7)

___________________________________________ Francis Schaeffer is a hero of mine and I want to honor him with a series of posts on Sundays called “Schaeffer Sundays” which will include his writings and clips from his film series. I have posted many times in the past using his material. Philosopher and Theologian, Francis A. Schaeffer has argued, “If […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 6)

A Christian Manifesto by Francis Schaeffer (Part 1) To Mitt Romney, Box 149756, Boston, MA 02114-9756  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 5)

Part 1 Part 2 To Mitt Romney, Box 149756, Boston, MA 02114-9756  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 4)

Part 1 Part 2 To Mitt Romney, Box 149756, Boston, MA 02114-9756  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He […]

Open letter to Republican Presidential Candidate Mitt Romney on our pro-life views (Part 3)

To Mitt Romney, Box 96994, Washington, DC 20077-7556  From Everette Hatcher of http://www.thedailyhatch.org 13900 Cottontail Lane, Alexander, AR 72002 Did we forgive George Bush in 1988 for being pro-choice originally in 1980? We sure did. In fact, my former pastor, Adrian Rogers, had a chance to visit with Bush several times. He told him that the […]

Open letter to President Obama (Part 125B)

Obama Calls GOP Budget Plan “Prescription for Decline” Uploaded by PBSNewsHour on Apr 3, 2012 In a blistering attack on the House-Passed Republican budget Tuesday, President Obama called the plan proposed by Rep. Paul Ryan a “Trojan Horse” and “a prescription for decline.” Judy Woodruff, Jared Bernstein of the Center on Budget and Policy Priorities […]

President Obama responds to Heritage Foundation critics on welfare reform waivers

Is President Obama gutting the welfare reform that Bill Clinton signed into law? Morning Bell: Obama Denies Gutting Welfare Reform Amy Payne August 8, 2012 at 9:15 am The Obama Administration came out swinging against its critics on welfare reform yesterday, with Press Secretary Jay Carney saying the charge that the Administration gutted the successful […]

Open letter to President Obama (Part 117.3)

A Taxing Distinction for ObamaCare Published on Jun 28, 2012 by catoinstitutevideo http://www.cato.org/publications/commentary/it-now-falls-congress http://www.cato.org/publications/commentary/taxing-decision http://www.cato-at-liberty.org/supreme-court-unlawfully-rewrites-obamacare-to… http://www.cato-at-liberty.org/congress-its-not-a-tax-scotus-yes-it-is/ The Cato Institute’s Roger Pilon, Ilya Shapiro, Michael F. Cannon, Michael D. Tanner and Trevor Burrus evaluate today’s ruling on ObamaCare at the Supreme Court. Video produced by Caleb O. Brown and Austin Bragg. ____________ President Obama c/o The […]

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“Feedback Friday” Letter to White House generated form letter response June 15, 2012 on Healthcare (part 8)

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Letter to White House generated form letter response April 3, 2011 (part 4)

I have been writing President Obama letters and have not received a personal response yet.  (He reads 10 letters a day personally and responds to each of them.) However, I did receive a form letter in the form of an email on April 3, 2011. I don’t know which letter of mine generated this response so I have linked […]

“Feedback Friday” Letter to White House generated form letter response (on how to jumpstart the economy) March 7, 2011 (part 3)

I have been writing President Obama letters and have not received a personal response yet.  (He reads 10 letters a day personally and responds to each of them.) However, I did receive a form letter in the form of an email on March 7, 2011. I don’t know which letter of mine generated this response so I have […]

 

By Everette Hatcher III | Also posted in spending out of control | Comments (0)

Open letter to President Obama (Part 152B)

October 9, 2012 – 6:14 am

Milton Friedman The Power of the Market 3-5

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.

How can we have personal freedom without economic freedom? That is why I don’t understand why socialists who value individual freedoms want to take away our economic freedoms. I know that you have expressed how much you desire as President to protect our freedoms.  I wanted to share this info below with you from Milton Friedman who has influenced me greatly over the last 30 plus years.

Here is part three.

Two hundred years ago in Scotland, Adam Smith taught at the University of Glasgow. His brilliant book, The Wealth Of Nations, was based on the lectures he gave here.The basic principles underlying the free market, as Adam Smith taught them to his students in this University, are really very simple. Look at this lead pencil, there is not a single person in the world who could make this pencil. Remarkable statement? Not at all. The wood from which it’s made, for all I know, comes from a tree that was cut down in the State of Washington. To cut down that tree, it took a saw. To make the saw, it took steel. To make the steel, it took iron ore. This black center, we call it lead but it’s really compressed graphite, I am not sure where it comes from but I think it comes from some mines in South America. This red top up here, the eraser, a bit of rubber, probably comes from Malaya, where the rubber tree isn’t even native. It was imported from South America by some businessman with the help of the British government. This brass feral __ I haven’t the slightest idea where it came from or the yellow paint or the paint that made the black lines __ or the glue that holds it together. Literally thousands of people cooperated to make this pencil. People who don’t speak the same language; who practice different religions; who might hate one another if they ever met. When you go down to the store and buy this pencil, you are, in effect, trading a few minutes of your time for a few seconds of the time of all of those thousands of people. What brought them together and induced them to cooperate to make this pencil? There was no Commissar sending out orders from some central office. It was the magic of the price system __ the impersonal operation of prices that brought them together and got them to cooperate to make this pencil so that you could have it for a trifling sum.That is why the operation of the free market is so essential. Not only to promote productive efficiency, but even more, to foster harmony and peace among the peoples of the world.These people are crossing between two very different societies. This is Lo Wool, the official border crossing point between China and Hong Kong. Nowadays there’s a considerable amount of traffic at this border. People cross a little more freely than they use to. Many people from Hong Kong trade in China and the market has helped bring the two countries closer together, but the barriers between them are still very real. On this side of the border, people are free not only in the marketplace, but in all their lives. They are free to say what they want, to write what they want, to do pretty much as they please. Not so over there.That is why people in China who cannot get permission to leave go to desperate lengths to escape. They risk their lives in the process. Many lose their lives, but that doesn’t keep others from following. Some are attracted by the higher material standard of life in Hong Kong, but more by the natural human desire to be free.The people who get official permission to leave China are fortunate. They are going to be able to enjoy the benefits of the economic freedom they will find in Hong Kong. More important, that will give them a much wider freedom.Human and political freedom has never existed and cannot exist without a large measure of economic freedom. Those of us who have been so fortunate as to have been born in a free society tend to take freedom for granted __ to regard it as the natural state of mankind __ it is not. It is a rare and precious thing. Most people throughout history, most people today have lived in conditions of tyranny and misery, not of freedom and prosperity. The clearest demonstration of how much people value freedom is the way they vote with their feet when they have no other way to vote.Of course, many of the people who pour into Hong Kong will end up in conditions that most of us in the West would find appalling. Hong Kong is very far from utopia. It has its slums, its crime, its desperately poor people. But the people are free. That’s after all, why so many of them have come here, despite having to live in leaky house boats in one of Hong Kong’s many small harbors. Here they have the freedom and the opportunity to better themselves, to improve their lot, and many succeed. There’s appalling poverty in Hong Kong, it’s true, but the conditions of the people have been getting better over time. They’re far better off now than they were when they first came across the border from China. And that poverty, appalling to us, because we’re accustomed to much higher standards of life, is not poverty as viewed by most of the people in the world. It’s the poverty to which they would aspire. A state of affairs they would like to achieve.There is an enormous amount of poverty in the world everywhere. There is no system that’s perfect. There is no system that’s going to eliminate completely poverty in whatever sense. The question is, which system has the greatest chance? Which is the best arrangement for enabling poor people to improve their life? On that, the evidence of history speaks with a single voice. I do not know any exception to the proposition that if you compare like with like, the freer the system, the better off the ordinary poor people have been.

Ask yourself what it is that assures these garment workers in Hong Kong a good wage; not high by Western standards; but high enough to enable them to live far better than most people in the world. It is not government or trade union, these workers do well because there is competition for their labor and skills.

When a businessman faces trouble, a market threatens to disappear, or a new competitor arises, there are two things he can do. He can turn to the government for a tariff or quota or some other restriction on competition, or he can adjust and adapt. In Hong Kong the first option is closed. Hong Kong is too dependent on foreign trade so that the government has simply had to adopt a policy of complete noninterference. That’s tough on some individuals, but it is extremely healthy for the society as a whole. Only the businessmen who can adapt, who are flexible and adjustable survive and they create good employment opportunities for the rest.

The complete absence of tariffs or any other restrictions on trade is one of the main reasons why Hong Kong has been able to provide such rapidly rising standard of life for its people. Even Communist China recognizes Hong Kong’s success, it set up shop here and now excepts the universal symbol of capitalism. The Bank of China, the official bank of Communist China is the largest bank in Hong Kong. There’s no doubt that Communist China recognizes the power of the market.

In all this, the government of Hong Kong has played an important part, not only by what it has done, but as much by what it has refrained from doing. It has made sure that laws are enforced and contracts honored. It has provided the conditions in which a free market can work. Most importantly, it has not tried to direct the economic activities of the colony.

No government official is telling these people what to do. They are free to buy from whom they want, to sell to whom they want, to work for whom they want. Sometimes it looks like chaos and so it is, but underneath it’s highly organized by the impersonal forces of a free marketplace. The impersonal forces of a free marketplace at work back here in the United States, prices are the key. The prices that people are willing to pay for products determines what’s produced. The prices that have to be paid for raw materials, for the wages of labor, and so on, determine the cheapest way to produce these things.

In addition, these self same prices, the wages of labor, the interest on capital, and so on, determine how much each person has to spend on the market. It’s tempting to try to separate this final function of prices from the other two. To think that some how or other you can use prices to transmit the information about what should be produced and how it should be produced, without using those prices to determine how much each person gets. Indeed, government activity over the past few decades has been devoted to little else. But that’s a very serious mistake. If what people get is not going to be determined on what they produce, how they produce it, on how successfully they work, what incentive is there for them to act in accordance with the information that is transmitted. There is only one alternative: force __ some people telling other people what to do.

The fundamental principal of the free society is voluntary cooperation. The economic market, buying and selling, is one example. But it’s only one example. Voluntary cooperation is far broader than that.

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

Sincerely,

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

By Everette Hatcher III | Also posted in Milton Friedman | Comments (0)

Open letter to President Obama (Part 152)

October 8, 2012 – 8:19 am

Matt Welch Discusses the Buffett Rule and His Favorite Beatles Songs on Varney & Co.

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.

Here you go again with the class warfare. I have read that Warren Buffett’s secretary actually makes a bigger salary that he does!!!!

NPR, Obama, and the Misleading ‘Buffett Rule’

Posted by David Boaz

NPR says that President Obama will propose that millionaires pay income taxes “at the same rates as average working Americans.” On the 9:00 a.m. hourly news.)

That would be good news for most millionaires:

To be sure, NPR’s longer stories on Obama and the “Buffett rule” are more precise, as in Tuesday’s story that said the proposed law “would require anyone making a million dollars a year or more to pay at least 30 percent in taxes.” Even there, though, the sentence went on to say “- about twice what some millionaires pay now.” And as the charts above show, that’s quite misleading. The Congressional Budget Office reported in 2010,

The overall federal tax system is progressive—that is, average tax rates generally rise with income. Households in the bottom quintile (fifth) of the income distribution paid 4 percent of their income in federal taxes, while the middle quintile paid 14 percent, and the highest quintile paid 25 percent. Average rates continued to rise within the top quintile, with the top 1 percent facing an average rate of close to 30 percent.

____________
 

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

By Everette Hatcher III | Also posted in Taxes | Comments (0)