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Thursday, August 20, 2015

Miscellany: 8/20/15

Quote of the Day
The man who has no imagination has no wings.
Muhammad Ali

Chart of the Day
Courtesy of Cato Institute
Mackie: Rapidly Becoming My Favorite CEO



When Republicans Were Rational on the Benefits of Immigration



Facebook Corner

(FEE). "If we take Trump’s theory seriously, the Declaration of Independence did not make the United States a nation because it did not establish any immigration restrictions."
We need to restore, except for some racist exclusions, the open immigration policy that existed going into WWI. The right-fascists ignore that the problems occur because of unrealistic restrictions on immigration; like the left-fascists on social welfare policy, they argue the failure is in not stealing even more money from taxpayers to throw at the problem--when the real problem is bad government policy in the first place. The first step is to set up open-ended temporary work visa programs.

Of course, I realize it's not just the right-fascists like Trump who are economically illiterate demagogues; the left-fascists like Sanders also want to manipulate the economy in the lose-lose economics of labor protectionism. We need to recognize the empirical validation of immigration as a key cog in America's economic growth engine

The Declaration of of Independence did not establish United States as a nation per se. The Articles of Confederation and then the Constitution of United States of America made America a nation. The Declaration of Independence was simply a formal decree announcing that the colonies would no longer be part of England.
Why should I be surprised the morally corrupt, economically illiterate anti-immigrant bastards are spamming this thread? The fact of the matter is, except for some racist exceptions, we had open immigration policies. It was only when the Know Nothings, the KKK, the xenophobes, the bigots, and the unions forced this un-American restrictions. No, you right-fascists: we don't buy into your economic nationalism.
(separate)
I guess Lincoln was lying when he said, "Four score and seven years ago our fathers brought forth on this continent a new nation, conceived in liberty, and dedicated to the proposition that all men are created equal." (Hint: this was delivered in 1863.) The declaration specifically notes: "these united colonies are, and of right ought to be free and independent states; that they are absolved from all allegiance to the British Crown, and that all political connection between them and the state of Great Britain, is and ought to be totally dissolved; and that as free and independent states, they have full power to levy war, conclude peace, contract alliances, establish commerce, and to do all other acts and things which independent states may of right do." The nation celebrates its birthday on July 4, not when the Constitution was adopted.

It looks like some fascist failed his third-grade history class.

(Reason). Boston Men Beat Immigrant in Trump's Name; Trump Responds that His Followers are "Very Passionate."

The right-fascist demagogue Donald "Four Bankrupcies" Trump, with his divisive rhetoric, is morally responsible for his cultists' felony assaults on an innocent man.

Articles like this is why Rothbard left the libertarian party and movement, they are low tax liberals for open borders.
What a bunch of crackpot libertarian bullshit. The post-1990 (senile?) Rothbard contradicted himself on immigration; only open immigration is conceptually consistent with the classically liberal positions of free markets and free trade. Only Rothbard's heresy requires a large State enforcing it, asserts the collective over the individual. You name any prominent libertarian or Austrian--Mises, Hayek, Block, Friedman, Ayn Rand--all of them were for liberalized immigration.

(Reason). Do Democrats love U.S. Senator Bernie Sanders because Democrats are really Socialists?
Chapman wrote a bad article, almost sounding like a delusional Obama apologist with key omissions and ludicrous overstatements. I will address just a fraction here.

Under the 111th Congress and Obama. nearly 97% of mortgage loans were being backed by the American . The government held stock in and/or controlled AIG, the GSE's and two car companies. They have nationalized college student loans, now at over $1T and climbing, with loan forgiveness/payment caps and some have called for cut-rate loan rates, in essence transferring risk to the taxpayer. Going into 2009, they had already around 50% of the health care sector under government control, and through ObamaCare they expanded Medicaid and centralized control over traditionally state-regulated healthcare.

The highest spending and deficits have accumulated during Obama's terms. If you think it wasn't a mirage that Obama and Dems had temper tantrums over a nominal cut in spending (after a huge expansion in the 111th Congress), i.e., the sequester, yeah, Chapman has a short memory. Arguing that Obama has "cut the deficit" is ludicrous--he's already more than doubled the publicly held debt through Bush--it's more like the GOP House has forced him to adjust. Talking about taxes and the comparison to Clinton--first of all, the Clinton tax policies hurt, not helped the economy; second, Obama did not rollback the GOP middle-income tax cuts, just the higher-income--which had more to do with class warfare politics vs. good economics. Arguing Obama should get credit for the oil boom (which seems to be turning bust)--give me a break; nearly all of the increase has happened using fracking technology which was not developed on Obama's watch, and come on private or non-federal lands.

Whereas I do agree that some conservatives have made liberal use of the term socialism, one can make a powerful argument of economic fascism, at least in some states, where government policy dominates a sector, like healthcare, finance or agriculture.

I'll take Democratic Socialism over Oligarchy or Libertarian anarchy any day.
Oh my God, just how many "Progressive" retards out there spamming this thread? Anytime you hear crackpot oligarchy bullshit being passed around; if you had a modicum of knowledge about the economy, you would see constant flux among companies, Apple has grown from a mere niche player in 2000 to the highest market valued company in the world, while investors in Cisco and Intel, the bluest of tech blue chips, have actually lost net value. And stop already repeating the debunked urban myth/propaganda of the Nordic model; this is just one relevant discussion.
Are republicans really socialists?? Many of them are for the redistribution of wealth through taxation.
This is the "retard Progressive" threat. Are Republicans "socialists"? Hardly; every redistribution and progressive tax scheme has been initiated and passed by the Jackass Party. Conservatives and Republicans oppose social welfare policies as morally hazardous. The idea that the upper 1% think the best way to make money is to target the 50% who make 12% of income and pay 3% of taxes is crackpot. The Progressive retards want people to look at relative vs. absolute taxes and to ignore double taxation issues, never mind taxation of nominal vs. real income.

(Reason). How did the GOP progress (or regress) over four decades from a party whose two leading candidates were immigration enthusiasts who opposed fences and praised illegal immigrants to one whose two leading candidates deride illegals, seek massive walls, and wish to cut back on legal immigration as well?
"... immigration enthusiasts who opposed fences and praised illegal immigrants ..."

What????

What Reagan actually said, according to your OWN article:
"...make it possible for them to come here legally with a work permit, and then, while they're working and earning here, they'd pay taxes here. "

That's far different then praising illegal immigrants.

My God, you right-fascists are in a freaking state of denial. Yes, the two future Presidents did praise unauthorized workers, victims of a labor prohibition policy by not allowing temporary work permits. It was JFK/LBJ who under union pressure revoked the highly successful Bracero program: https://youtu.be/Ixi9_cciy8w

(Cato Institute). "Donald Trump’s serial bankruptcies and bullying nature have made big headlines. But no one seems to have brought up a bullying business practice he’s particularly fond of: eminent domain. The billionaire mogul-turned-reality TV celebrity...has had no compunction about benefiting from the coercive power of the state to kick innocent Americans out of their homes."
CATO just wants to push their open borders nonsense as their big business backers want to keep the wages down and cheap labor flowing
You goddamn economically-illiterate fascists, labor protectionists, xenophobes, and bigots. Every legitimate economic argument is in favor of win-win immigration. The immigration problem is caused by failed labor prohibitions, e.g., the Democrats, under pressure from corrupt unions, in the 1960's revoked the highly successful Bracero (temporary work permit programs), which had slashed immigration arrests by 95%.

You bastards are Big Government "throw taxpayer money at the problem" whores; rather than fix the problem by restoring our traditional open immigration policies. Our national growth rate was highest under open immigration. All you economic nationalists do is worsen the economy. All the research indisputably shows: (1) we are facing a growing shortage of sub-high school workers; (2) higher-level immigrants complement rather than replace higher-level natives; in fact, the growth constraints alleviated by complementary labor leads to employment of additional natives; (3) at most, lower-income labor surpluses may have a temporary (5%) or so impact on wages, but the resulting demand from softer wages spikes demand for lower-wage position (and labor prices thus recover), (4) unauthorized immigrants have shored up federal entitlements by nearly $1T, and they are ineligible for federal social programs, (5) state/local programs are impacted by 5% or less, 10% in California. Some costs like education are investments in future taxpayers. Keep in mind unauthorized immigrants account for maybe 8M of some 319M Americans. Any attempt to say immigration is a serious problem is ludicrous on its face.


Political Cartoon

Courtesy of Gary Varvel via Townhall
Musical Interlude: My Favorite Vocalists

Kenny Rogers, "Buried Treasure"