Why have prices fallen so low? Because government subsidies created a glut – and the market is flooded. This government money warps and distorts the marketplace – as otherwise productively-directed time and effort is instead spent chasing the government coin. Producers produce not what the marketplace needs – but for what the government pays.
Tagged: tea party
Writing in The Orange County Register, the distinguished urbanologist Joel Kotkin notes that many conservatives are now “waging a war on middle-class America” through their support for trendy progressive “smart growth” policies. Such policies are the stock in trade of an urban planning movement that has been in power for about a quarter-century now, promoted by certain business interests (aka rent-seekers) in a coalition with elitist progressive politicians and upper-class and aspiring-upper-class cultural snobs.
With a surprisingly wide margin of victory, Congressman James Lankford won the Oklahoma Republican U.S. Senate primary, defeating former Speaker of the State House of Representatives T.W. Shannon by 23 points and avoiding a runoff election. Lankford now becomes the prohibitive favorite to replace outgoing Senator Tom Coburn, who is retiring with two years remaining in his current term.
It seems fitting that after such a momentous political evening, the Washington, D.C. area woke early this morning to the thundercrack of a summer storm, with a furious arrival and just as quickly faded and gone. The crushing and unexpected defeat of Eric Cantor – the first defeat of a sitting House Majority leader since 1899, which also happens to be the creation of the position – is sending ripples through a Republican Party which will have ramifications for this cycle and beyond.
The prevailing Beltway view is that the GOP has corralled the Tea Party, domesticated it without giving it a real seat at the table. But I still think they misunderstand who’s locked in with whom.
Pundits are expected to make predictions for the year ahead and far be it for me to avoid what, generally speaking, depends on who is making them. Major trends are already in place and easy to predict as they proceed, but it is always unknown events that upend predictions. Mother Nature and perpetrators of evil can always be counted upon to provide them.
The last remaining glimmer of Obama’s political capital and personal appeal, and thus his ability to help vulnerable Democrats in the 2014 elections and beyond, is flowing into the septic tank of Progressive history.
America 3.0: Rebooting American Prosperity in the 21st Century tells the story of our nation’s government as crushingly expensive, one that is failing at its basic functions and unable to keep its promises. Such an unworkable and out-of-control government cannot continue as the status quo.