Posts Tagged ‘Thomas Sowell’

The economy is better: More epic fail obama

September 17, 2010

“What would probably get the economy recovering fastest and most completely would be for the President of the United States and Congressional leaders to shut up and stop meddling with the economy. But it is virtually impossible that they will do that. … If the stimulus isn’t working, the true believers have to believe that it is only because it hasn’t been tried long enough, or with enough money being spent. There are always calls for the government to ‘do something’ when things are going bad. Those who make such calls have almost never bothered to check out what actually happens when the government does something, as compared to what happens when the government does nothing. It is not just free market economists who think the government can make a mess bigger with its interventions. … The history of the United States is full of evidence on the negative effects of government intervention. For the first 150 years of this country’s existence, the federal government did not think it was its business to intervene when the economy turned down. All of those downturns ended faster than the first downturn where the federal government intervened big time — the Great Depression of the 1930s. … There is another set of facts: The record that was set in 1929 for the biggest stock market decline in one day was broken in 1987. But Ronald Reagan did nothing — and the media clobbered him for it. Then the economy rebounded and there were 20 years of sustained economic growth with low inflation and low unemployment. Can you imagine Barack Obama doing another Ronald Reagan? I certainly wouldn’t predict that.” –economist Thomas Sowell

SOURCE

More on obamacare: Questions from a wise man…

September 15, 2009

In various places around the Internet and in the Main Stream Media anyone that questions the impostor in chiefs plan to destroy health care in America as we know it are called anything but intelligent. What follows are questions presented from one of the brightest bulbs out there.

“One plain fact should outweigh all the words of Barack Obama and all the impressive trappings of the setting in which he says them: He tried to rush Congress into passing a massive government takeover of the nation’s medical care before the August recess — for a program that would not take effect until 2013! Whatever President Obama is, he is not stupid. If the urgency to pass the medical care legislation was to deal with a problem immediately, then why postpone the date when the legislation goes into effect for years — more specifically, until the year after the next Presidential election? If this is such an urgently needed program, why wait for years to put it into effect? And if the public is going to benefit from this, why not let them experience those benefits before the next Presidential election? If it is not urgent that the legislation goes into effect immediately, then why don’t we have time to go through the normal process of holding Congressional hearings on the pros and cons, accompanied by public discussions of its innumerable provisions? What sense does it make to ‘hurry up and wait’ on something that is literally a matter of life and death? If we do not believe that the President is stupid, then what do we believe? The only reasonable alternative seems to be that he wanted to get this massive government takeover of medical care passed into law before the public understood what was in it. Moreover, he wanted to get re-elected in 2012 before the public experienced what its actual consequences would be. Unfortunately, this way of doing things is all too typical of the way this administration has acted on a wide range of issues.” –economist Thomas Sowell

SOURCE

Thomas Sowell on gun control

April 23, 2009

Yes, I know  that there are some people that have a great deal more patience than I do. I admit that there are times when I just get fed up explaining the obvious over and over. Time, and time again it goes on… In any case, Thomas Sowell, someone that I have great respect for attempts yet again to explain the great mysteries of life to the uninitiated.

“Some of our biggest political fallacies come from accepting words as evidence of realities. …[For example,] ‘gun control’ laws do not control guns. The District of Columbia’s very strong laws against gun ownership have done nothing to stop the high murder rate in Washington. New York had very strong gun control laws decades before London did. But the murder rate in New York has been some multiple of that in London for more than two centuries, regardless of which city had the stronger gun control laws at a given time. Back in 1954, when there were no restrictions on owning shotguns in England and there were far more owners of pistols then than there were decades later, there were only 12 cases of armed robbery in London. By the 1990s, after stringent gun controls laws were imposed, there were well over a thousand armed robberies a year in London. In the late 1990s, after an almost total ban on handguns in England, gun crimes went up another ten percent. The reason — too obvious to be accepted by the intelligentsia — is that law-abiding people became more defenseless against criminals who ignored the law and kept their guns.” –Hoover Institution economist Thomas Sowell

The Futures Market, and Politics

October 20, 2008

It would appear that the “futures market” is yet again entering the political field. This is not at all an uncommon thing to see. After all, we like our leaders to be experienced in what they do. Hence the hue and cry about a candidate that has so little actual leadership experience.

What follows is from the Patriot Post and was written by Thomas Sowell

“Apparently there is something about Sarah Palin that causes some people to think of her as either the best of candidates or the worst of candidates. She draws enthusiastic crowds and provokes visceral hostility in the media. The issue that is raised most often is her relative lack of experience and the fact that she would be ‘a heartbeat away from the presidency’ if Senator John McCain were elected. But Barack Obama has even less experience—none in an executive capacity—and his would itself be the heartbeat of the presidency if he were elected. Sarah Palin’s record is on the record, while whole years of Barack Obama’s life are engulfed in fog, and he has had to explain away one after another of the astounding and vile people he has not merely ‘associated’ with but has had political alliances with, and to whom he has directed the taxpayers’ money and other money. Sarah Palin has had executive experience—and the White House is the executive branch of government. We don’t have to judge her by her rhetoric because she has a record. We don’t know what Barack Obama will actually do because he has actually done very little for which he was personally accountable… Sarah Palin is the one real outsider among the four candidates for the presidency and vice-presidency on the Republican and Democratic tickets. Her whole career has been spent outside the Washington Beltway. More than that, her whole life has been outside the realm familiar to the intelligentsia of the media. She didn’t go to the big-name colleges and imbibe the heady atmosphere that leaves so many feeling that they are special folks. She doesn’t talk the way they talk or think the way they think. … Whatever the shortcomings of John McCain and Sarah Palin, they are people whose values are the values of this nation, whose loyalty and dedication to this country’s fundamental institutions are beyond question because they have not spent decades working with people who hate America.” —Thomas Sowell


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