Just because Democrats are statically stuck on stupid, why do they think everyone else is? What I am referring to is static analysis of changes to the tax code. Democrats always want to have any potential changes statically scored. In other words if Democrats raise rates 10%, naturally, the government will get 10% more revenue. If on the other hand you cut tax rates 10%, a very bad thing, tax revenues will fall 10%. The problem is that they have been proved wrong every time. In other words, Democrats believe that if they raise tax rates you will be too stupid to change your behavior in response.
Thanksgiving
Maybe it’s just me. Perhaps not having lived in the rarefied air of academia or politics, I have a more roll up the sleeves, get some dirt under the fingernails approach to what a job entails. Today it seems that politicians like to get in front of the cameras, fire off a sound bite and then go do something more interesting.
The baseball season has ended. The San Francisco Giants are the world champions for the first time since 1954 when they were the New York Giants. The stadiums are empty and the spring training fields have not yet gotten busy. But, fear not, the free agent season is heating up.
Despite the economic turmoil, the bruising two year run for the presidency, and the continued danger around the world there is still much to be thankful for.
- We have not been attacked since 2001 due to the efforts of President Bush and his administration
- We have had another election, this one a particularly historic one, and we are in the midst of another peaceful transition of power, something that is the marvel of the world that we have been able to do this for over two hundred years.
- There is talk about the worst economic times since the Great Depression, which is what we typically hear each election season such that it trivializes those hard times. These are probably the worst economic times since the Carter Administration, but even with that interest rates are no where near the 20%+ they were back then, unemployment is still in single digits, lower than in the Carter years and no where near the 25% of the Great Depression
- Business is being conducted, jobs are being posted, and we will get through this
It is a time to reflect on what we have, despite the challenges, and how great this country is. To help me stay grounded I have always enjoyed reading two articles that are published each year at this time in the Wall Street Journal. The first tells the story of the Pilgrims and their journey to the New World and how having made that decision there was no turning back. You can follow the link to it here, The Desolate Wilderness.
The second article is called And The Fair Land which was written in 1961. It seems that a number of the things it mentions are still current. It is a testament to the fact that we will always have challenges, but as Americans, we will find a way to overcome them. The key to this is to allow the American people the freedom and liberty to try, experiment, and find solutions. The less government gets in the way, the more confident I am that we are only limited in by our imagination.
Have a Happy Thanksgiving




