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EMPIRICAL EVIDENCE AND THE SIZE OF GOVERNMENT Print E-mail
Written by Richard Rahn   
Thursday, 29 January 2009

If you knew economic growth and new job creation begin to slow when total government spending is larger than about 25 percent of the economy, and you knew total government spending in the United States is about 36 percent of gross domestic product (GDP) - would you propose policies to make government larger or smaller to create more jobs and boost economic growth?

Over the last few decades, many economists have done studies on the "optimum" size of government. A new study just completed shows the optimum size of government is less than 25 percent of GDP. Optimum is defined as that point just before government becomes so large as to reduce the rate of economic growth and job creation.

Rather than increasing the size of government, the empirical evidence shows that sharply reducing taxes, regulations, and government spending down to at least 25 percent of GDP would do the most to spur economic growth and create more jobs over the long run.

There is virtually no empirical evidence - in the United States or anywhere else - to support the belief of economists of the Keynesian school that a big increase in government spending will make matters better, rather than worse. 
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WHY THERE'S HOPE FOR AMERICA Print E-mail
Written by Dr. Joel Wade   
Friday, 30 January 2009

Americans had a choice last year between a young, bold, energetic, optimistic, and symbolically transformative president, who promised to take effective action and solve problems; and an old, awkward preacher of self-sacrifice who could not articulate a clear message in the debates.

This was not an election between a clear conservative versus a clear liberal. This was an election between a muddled centrist deal maker and an American optimistic problem solver. That's what people thought they saw.

Of course we dread how Zero wants to go about solving problems. We understand the socialism behind his flowery rhetoric. But don't confuse our understanding and rejection of such ridiculous political fascism with the understanding of most Americans who voted for this man.

They will see, soon enough, that this was a mistake. This may take some time, and we will likely be in for some rough waters ahead. While you will want to take effective action yourself to protect you and your family from the troubles that will result, I also want to encourage you to take a step back, and stand outside of the context of the political world, so that you can remember everything else in your precious life.

There are two things that I want to suggest for you to practice in order to make this easier for you:
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IF TODAY'S NEW YORK TIMES EDITORS WERE REPORTING WORLD WAR II Print E-mail
Written by To The Point News   
Friday, 30 January 2009
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HALF-FULL REPORT 01/23/09 Print E-mail
Written by Dr. Jack Wheeler   
Thursday, 22 January 2009

What could be more appropriate, on the eve of the TTP Carefree Rendezvous, than to hoist a pint of Four Peaks Ale brewed here in Arizona to an inspiring woman Republican governor who drives liberals out of their minds because she is a pro-family, pro-life, pro-Christian, anti-tax, anti-government spending, anti-illegal immigration Reagan conservative. 

Nope, we're not talking about Sarah Palin - however much the HFR is happy to hoist a glass in admiration of her at any time. 

We're talking about...

... Right next to the HFR Saloon is the Schadenfreude Bar, which serves goblets of frothy glee over liberals' misfortunes.  One patron was happy that Tim Geithner was going to be confirmed as Treasury Secretary.  "It will be wonderful to have a guy that cheats on his taxes be in charge of the IRS," he said.  "Now millions of us will say, ‘If he can, so can I'."

... Let's spice up the HFR this week, shall we?  With a spice that can be a solution to terrorism.  Oh, and a microbe that can be a solution to energy independence.
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NOTO PATRIOTISM AND THE GSY REVOLUTION Print E-mail
Written by Dr. Jack Wheeler   
Wednesday, 21 January 2009

It's Wednesday morning here in Washington D.C., January 21, 2009.  Tell me, did something unusual happen here yesterday?  I heard there was some kind of ruckus on the Mall near the Capitol, some kind of circus - but there weren't any elephants, and what's a circus without any elephants?

There were a lot of jackasses instead, somebody said.  Anyway, I was writing all day, working on my novel, The Jade Steps, and wasn't paying attention.  Well, I did take a break and turn on the TV - to watch a Clark Gable-Ava Gardner classic, Mogambo.

Evidently, I learned, some guy, nobody knows who he really is, with a goofy name and big goofy ears was giving a speech full of fluffy puffy cliché-ridden platitudes and nothing else.  I enjoyed my movie.

Yep, I was adhering to my motto:  If you can't beat them - ignore them.  Or tell them GSY.  We'll get to that in a moment.

For these are the only two ways to cope with the terrifyingly deranged glorification of Zero. 
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I HOPE HE FAILS Print E-mail
Written by Rush Limbaugh   
Monday, 19 January 2009

TTP salutes Rush Limbaugh for having the courage to state what all rational conservatives feel.

I got a request here from a major American print publication.  "Dear Rush:  For the Obama [Immaculate] Inauguration we are asking a handful of very prominent politicians, statesmen, scholars, businessmen, commentators, and economists to write 400 words on their hope for the Obama presidency.  We would love to include you.  If you could send us 400 words on your hope for the Obama presidency, we need it by Monday night, that would be ideal." 

Now, we're caught in this trap again.  The premise is, what is your "hope."  My hope, and please understand me when I say this.  I disagree fervently with the people on our side of the aisle who have caved and who say, "Well, I hope he succeeds.  We've got to give him a chance." 

Why?  They didn't give Bush a chance in 2000.  Before he was inaugurated the search-and-destroy mission had begun.  I'm not talking about search-and-destroy, but I've been listening to Barack Obama for a year-and-a-half.  I know what his politics are.  I know what his plans are, as he has stated them.  I don't want them to succeed.  

So I'm thinking of replying to the guy, "Okay, I'll send you a response, but I don't need 400 words, I need four: I hope he fails."
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TAXPAYERS ARE CHUMPS Print E-mail
Written by Richard Rahn   
Thursday, 22 January 2009

You work hard, take care of your family, and pay all the taxes the government says you owe as is typical of honest, upright citizens.

But what happens to your tax money? It is now going to "bail out" firms that pay their senior executives millions of dollars a year. Congress also intends to spend your tax dollars on an $825 billion "stimulus program" filled with many dubious projects and plain old-fashioned "pork."

Many good economists who have looked at the details of the stimulus package believe it has much more "de-stimulus" than stimulus in it and will make the American economy worse off rather than better off.

While you may have thought you are required by law to pay taxes on all your income, you learn the "important" folks in Washington seem to think paying taxes is optional - for them.
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THE OPPORTUNITIES ARE GREATER THAN THE PROBLEMS Print E-mail
Written by Jack Kelly   
Thursday, 22 January 2009

Much has been made of the challenges facing Mr. Barack Hussein Obama, who assumes office in what appears to be the early stages of the worst economic downturn since the Great Depression.  More should be made of the great opportunities he possesses.

We Americans are more than two trillion dollars poorer, and counting, as a result of the subprime mortgage crisis, and our confidence has been badly shaken. 

But power is relative.  So here is a key fact to keep in mind:

The
United States is more powerful today relative to our adversaries than at any time since Aug. 29, 1949, when the Soviet Union exploded its first atomic bomb.
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WE WILL MISS PRESIDENT BUSH AND SO WILL LIBERALS Print E-mail
Written by Jack Kelly   
Tuesday, 20 January 2009

George W. Bush, private citizen, left Washington for Dallas today with the quiet dignity that was typical of his personal behavior during the eight tumultuous years of his presidency. 

Mr. Bush leaves office as the most unpopular president in the history of polling. But it will be a decade or more before we have the perspective necessary to place the Bush presidency in history.

Conservatives, for the most part, have been disappointed by Mr. Bush.  During his presidency Republicans lost all fiscal discipline.  Many of his appointments were alarmingly mediocre.  Even when he was doing the right thing, he did a poor job of communicating why. Still, we will miss his basic goodness, and his steadfastness.

But I suspect that in six months or so, it will be the liberals who miss Mr. Bush most.
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OBAMA IS A JOKE Print E-mail
Written by To The Point News   
Monday, 19 January 2009

Bringing levity to the lunacy of January 20, 2009...

Q: Why are there so few real Barack Obama jokes?
A: Most of them are true stories.

***

Q. Why won't Obama laugh at himself?
A. Because it would be racist.


***

Q. Candidate Obama told us, "Yes We Can." What will President Obama tell us?
A. "Yes You Will."

***

Q. Why is the Secret Service doubling security on Michelle Obama immediately after the inauguration?
A. If something happened to her, then Barack would be in charge.
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AMERICAN SILHOUETTE Print E-mail
Written by Dr. Jack Wheeler   
Friday, 16 January 2009

Reflecting upon what lies ahead for America in 2009, I'm tempted to think of Al Jolson, and his famous quote, "You ain't seen nothin' yet."  But I'd rather think of Madame Pompadour.

Jeanne-Antoinette Poisson, Marquess de Pompadour (1721-1764), was the royal mistress of King Louis XV of France (1710-1774).  She ended up running Louis' government.

So much so that when Frederick II of Prussia intemperately called the Empress of Russia (Czarina Elizaveta Petrovna), Holy Roman Empress Maria Theresa of Austria, and Madame Pompadour "the three first whores of Europe," she engineered a war:  an alliance of France, Austria, and Russia against Prussia.

The Seven Years' War bankrupted France.  So Pompadour did what all governments do with a fiscal crisis:  raise taxes, and punitively.  In 1759, she had Etienne de Silhouette, known for his writings on England's financial system, appointed controller-general of finance. 

For eight months he ravaged France with such rapacious taxation that everyone from nobles to wealthy merchants to peasants bitterly complained that they reduced to mere shadows of their former selves.  By the time Pompadour was forced to fire him, an inexpensive art form had caught on, a shadow of one's profile cut out from black paper.  They were called silhouettes.

France never recovered from her loss of empire and wealth, yet her rulers continued to lavish money upon themselves while the people were ground into further penury - until the latter exploded with the French Revolution and the former led to the guillotine.

So now comes a question as we step into the unknown of 2009:  will Barack Hussein Obama be the American Silhouette?
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HALF-FULL REPORT 01/16/09 Print E-mail
Written by Dr. Jack Wheeler   
Friday, 16 January 2009

The HFR starts off this week by celebrating the first nomination of the year for the coveted Darwin Awards.

As you may know, these awards are given to individuals of such inspiring idiocy they have contributed to the benefit of mankind by removing themselves from the gene pool.

So it is that a Darwin Award is hereby bestowed upon the eight Somali pirates who a few days ago capsized their speedboat escaping with $3 million in ransom cash.  Five of them drowned, three swam to shore, all the money was lost at sea save for $153,000 found on the body of one of the five who washed up on a beach.

Now if all the Somali pirates could be removed from gene pool.  There is a quick and easy way to do this.  In the middle of the Indian Ocean not far from the Somali coast is an island called Diego Garcia.  It belongs to the Brits, and leased by them to the US as a military base.  We have B52s there.
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PUTIN'S DISASTROUS GAS GAMBLE Print E-mail
Written by Alex Alexiev   
Sunday, 11 January 2009

To little notice in America, a drama is being played out in Eastern Europe that future historians may mark as the beginning of the end of Russia's neo-imperialist ambitions under Vladimir Putin.  The economic house of cards he has built is collapsing as the tyrant himself heads for the dustbin of history.

Turning off the natural gas spigot in the middle of a harsh winter to much of Eastern Europe that is completely dependent on it and has few alternative sources to heat its schools and hospitals is the kind of  imperial hubris that often drives dictators past the tipping point and ultimately to their downfall.

This, as Moscow's army of European lobbyists led by paid Gazprom lapdog and former German chancellor Gerhard Schroeder, sing the praises of ever greater European dependence on Russian energy.

Yet, Europe's cowardice notwithstanding, it is difficult for anybody with even a basic knowledge of the facts not to see that this time Putin has miscalculated badly and is playing a losing hand from an increasingly untenable position.
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THE LIES OF HAMAS Print E-mail
Written by Ralph Peters   
Monday, 12 January 2009

Israel hasn't killed a single civilian in the Gaza Strip. Over a hundred civilians have died, and Israeli bombs or shells may have ended their lives. But Israel didn't kill them.

Hamas did.

It's time to smash the lies. The lies of Hamas. The UN lies. And the save-the-terrorists lies of the global media.

There is no moral equivalence between Hamas terrorists and Israeli soldiers. There is no gray area. There is no point in negotiations.

Hamas is a Jew-killing machine. It exists to destroy Israel. What is there to negotiate?

When Hamas can't kill Jews, it's perfectly willing to drive Palestinian civilians into the line of fire - old men, women and children. Hamas herds the innocent into "shelters," then draws Israeli fire on them. And the headline-greedy media cheer them on.

Hamas isn't fighting for political goals. "Brokered agreements" are purely means to an end. And the envisioned end is the complete destruction of Israel in the name of a terrorist god.
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A STIMULUS THAT DOESN'T STIMULATE Print E-mail
Written by Jack Kelly   
Wednesday, 14 January 2009

I've been opposed to Barack Hussein Obama's plans for a $775 billion "stimulus" package for three main reasons:

First, the stated purpose of the stimulus is to encourage consumer spending; that is to say, to do more of what got us into financial trouble in the first place. 

We've been living large on money borrowed chiefly from the Chinese.  That gravy train has lurched to a halt.  We need to live within our means.  That means saving money and paying down debt -- the opposite of what the designers of the stimulus package want us to do. 

Second, because about 60 percent of the stimulus package is a grab bag of spending on government construction projects, it cannot achieve the stated goal of boosting the economy in the short term, because it takes too long for the money to trickle in. 

Economist Bruce Bartlett published in the New York Times in January of last year a chart which indicated that in all eight post World War II recessions prior to this one, the government stimulus didn't take effect until after the recession ended. 

Third...
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