Category Archives: Regulation

Updated: Healthcare Conscription (PASSED)

Constitution, Democrats, Healthcare, Individual Rights, Regulation, Republicans, Socialism

What else do you need to know about the hulking Health Care Bill Senate slime balls are preparing to pass, other than that the botax is now a tax on tanning beds? It’s hard to tell. I have only just located the Bill online for the first time. H. R. 3590 is 2074 pages long.

I’d say something rude about the abortion compromise (“The legislation also includes a proposal that would limit insurance coverage of abortion,” thus protecting future Harry Reids from being aborted), about which I don’t give a tinker’s toss, but I had better not. The fealty for fetuses not their own shared by Republicans and conservative Dems touches me deeply (NOT).

For crying out loud, the entire Fannie Med bill is immoral and unconstitutional. (LEONARD PEIKOFF is still the best at arguing against the enslavement of doctors.)

NYT: “To get the 60 votes needed to pass their bill, Democrats scrapped the idea of a government-run public insurance plan, cherished by liberals, and replaced it with a proposal for nationwide health plans, which would be offered by private insurers under contract with the government.

Of particular interest for its blatant unconstitutionality is the healthcare-conscription mandate:

“Under the bill, most Americans would be required to have insurance. The penalty for violating this requirement could be as high as 2 percent of a taxpayer’s household income. Penalties would total $15 billion over 10 years, up from $8 billion under Mr. Reid’s original proposal, the Congressional Budget Office said.

In the next 10 years, the government would also collect $28 billion in penalties from employers who did not offer health benefits to employees.”

Update (Dec. 21): CASH FOR CLOTURE has passed. After all the fuss he made, Joe Lieberman joined to vote “Yes,” as did Sen. holdout Ben Nelson of Nebraska, who had “agreed to support the bill in return for compromise language on federal funding for abortion and more money for his state.” CNN: “The vote split on partisan lines in the 60 to 40 vote. With Republicans unanimously opposed.”

WHAT LIES AHEAD? The NYT: The “60 to 40 tally … is expected to be repeated four times as further procedural hurdles are cleared in the days ahead, and then once more in a dramatic, if predictable, finale tentatively scheduled for 7 p.m. on Christmas Eve.”

AP: “The House has already passed legislation, and attempts to work out a compromise are expected to begin in the days after Christmas.”

As I once noted, “The Democrat is open about his devilishness – he finds the idea of a constitutional government with narrowly delimited powers as repellent as Dracula finds garlic. Modern-day conservatives, on the other hand, are less up front about their aversion to a Jeffersonian republic. In a sense, Republicans are the drag queens of politics. Peel away the pules for family, faith and fetuses and one discovers either, what economist and political philosopher Hans-Hermann-Hoppe calls ‘neoconservative welfare-warfare statists and global social democrats.’ Or, conversely, national socialists of sorts, who fuse economic protectionism, populism and a support for the very welfare infrastructure which is at the root of social rot.”

Duly, Democrats never concealed that they reject the natural-rights foundation of the republic, discussed on BAB a few days back. “Health care in America ought to be a right, not a privilege,” said Senator Christopher J. Dodd, Democrat of Connecticut. “Since the time of Harry Truman, every Congress, Republican and Democrat, every president, Democrat and Republican, have at least thought about doing this. Some actually tried.” (Via the NYT.)

Fair enough. Democrats declared forthrightly their intentions to reshape the country (which is already disfigured by statism), and proceeded to so do.

Lacking any first principles, Republicans cried for partisanship, griped about procedural problems, length of Bill, lack of transparency and time to come to grips with this legislative monstrosity; and generally tinkered around the margins. There’s not much else a principles-bereft opposition can do, is there?!

Update II: Bush & Barack Sitting In A T-R-E-E …

Barack Obama, Bush, Business, Economy, Neoconservatism, Regulation, War

Who Does Barack Obama Remind Me Of? BUSH. The indignant protestations from the Republicans notwithstanding, the two parties and potentates are interchangeable.

Dec 11, 2009: “… leaders say they will try to raise the ceiling to nearly $14 trillion as part of a $626 billion bill next week to pay for the wars in Afghanistan and Iraq and other military programs in 2010.”

September 11, 2003: Bush increases the ceiling on a whopping $6.8 trillion national debt.

Pleasing neoconservatives: Bush’s preemptive war doctrine never failed to bring a smile to Bill Kristol’s face. Pursuant to last week’s Nobel War Speech address, Obama too is making Bill warm all over.

Read the “Remarks by the President at the Acceptance of the Nobel Peace Prize” to see why Bill is glowing.

Update (Dec. 15): The two converge on war and on chasing “fat cats” (bar the likes of Barney Frank):

Bush: “The Sarbanes-Oxley Act of 2002, courtesy of the Republican Party, cost American companies upwards of $1.2 trillion. The capital flight it initiated caused the London Stock Exchange to become the new hub for capital markets. Given America’s habit of forcing its habits on others, SOX struck fear into quite a few Liberal Democratic hearts in the House of Lords. Lord Teverson worried about the ‘increasing danger of regulatory creep from American regulators that threatens [Britain’s] own light-touch approach to financial regulation.'”

Barack: “A regulatory tsunami is on its way. ever-increasing regulation, stricter corporate-governance standards and the threat of higher taxes in response to the ballooning deficit. This week the Environmental Protection Agency announced that it considered carbon dioxide to be a dangerous pollutant, raising the spectre of clumsy administrative measures to reduce emissions—a prospect even more terrifying to business than the cap-and-trade scheme currently under consideration in Congress. Meanwhile, hopes of business-friendly reforms to America’s convoluted corporate-tax regime, among other things, have fallen by the wayside. …

‘The concern is pervasive but rather amorphous in the sense that different executives have very different worries,’ says Joe Grundfest, a former member of the Securities and Exchange Commission (SEC) who now runs a ‘boot camp’ at Stanford University for corporate directors. ‘Some fret over tax policy. Others agonise over cap-and-trade, or health-care reform. Many worry about additional corporate-governance regulations. It’s a smorgasbord of corporate neuroses out there.'”

Update II (Dec. 15): Peter Schiff, of course, is hip to the Bush/Barack overlap: “Through aggressive monetary and fiscal stimuli, we are trying to re-inflate a balloon that is full of holes. This was the Bush Administration’s exact response to the 2002 recession. It’s shocking how few observers note the repeating pattern, especially the fact that each crash is worse than the last.”

Update II: Bush & Barack Sitting In A T-R-E-E …

Barack Obama, Bush, Business, Neoconservatism, Regulation, War

Who Does Barack Obama Remind Me Of? BUSH. The indignant protestations from the Republicans notwithstanding, the two parties and potentates are interchangeable.

Dec 11, 2009: “… leaders say they will try to raise the ceiling to nearly $14 trillion as part of a $626 billion bill next week to pay for the wars in Afghanistan and Iraq and other military programs in 2010.”

September 11, 2003: Bush increases the ceiling on a whopping $6.8 trillion national debt.

Pleasing neoconservatives: Bush’s preemptive war doctrine never failed to bring a smile to Bill Kristol’s face. Pursuant to last week’s Nobel War Speech address, Obama too is making Bill warm all over.

Read the “Remarks by the President at the Acceptance of the Nobel Peace Prize” to see why Bill is glowing.

Update (Dec. 15): The two converge on war and on chasing “fat cats” (bar the likes of Barney Frank):

Bush: “The Sarbanes-Oxley Act of 2002, courtesy of the Republican Party, cost American companies upwards of $1.2 trillion. The capital flight it initiated caused the London Stock Exchange to become the new hub for capital markets. Given America’s habit of forcing its habits on others, SOX struck fear into quite a few Liberal Democratic hearts in the House of Lords. Lord Teverson worried about the ‘increasing danger of regulatory creep from American regulators that threatens [Britain’s] own light-touch approach to financial regulation.'”

Barack: “A regulatory tsunami is on its way. ever-increasing regulation, stricter corporate-governance standards and the threat of higher taxes in response to the ballooning deficit. This week the Environmental Protection Agency announced that it considered carbon dioxide to be a dangerous pollutant, raising the spectre of clumsy administrative measures to reduce emissions—a prospect even more terrifying to business than the cap-and-trade scheme currently under consideration in Congress. Meanwhile, hopes of business-friendly reforms to America’s convoluted corporate-tax regime, among other things, have fallen by the wayside. …

‘The concern is pervasive but rather amorphous in the sense that different executives have very different worries,’ says Joe Grundfest, a former member of the Securities and Exchange Commission (SEC) who now runs a ‘boot camp’ at Stanford University for corporate directors. ‘Some fret over tax policy. Others agonise over cap-and-trade, or health-care reform. Many worry about additional corporate-governance regulations. It’s a smorgasbord of corporate neuroses out there.'”

Update II (Dec. 15): Peter Schiff, of course, is hip to the Bush/Barack overlap: “Through aggressive monetary and fiscal stimuli, we are trying to re-inflate a balloon that is full of holes. This was the Bush Administration’s exact response to the 2002 recession. It’s shocking how few observers note the repeating pattern, especially the fact that each crash is worse than the last.”

Updated: Statist/Stupid Summit On Mount Olympus

Barack Obama, Business, Debt, Economy, Military, Regulation, Republicans

If you are a private-sector sucker plumping for a panoply of new government programs, consider the following: The more of them there are, the fewer of you there will be. Think zero-sum, or parasite vs. host. The first is sucking the lifeblood of the second. The larger the parasite gets, the weaker the host will grow.

[From “Life In The Oink Sector”]

Alas, STATISM AND STUPIDITY ARE INTERCHANGEABLE. Obama can “summit” (forgive this horrid “verbing” of a noun) about jobs all he likes, nothing will come of it. Because he is a dyed-in-the-wool statist, BO cannot conceive—not even with the aid of Lego or some sort of pop-up children’s model—that dolling out unemployment benefits, state aid, and government jobs programs, which all necessitate the seizure of private wealth through taxing, borrowing, and printing paper—cannot create wealth.

Here’s my simple, crude model for Obama the statist. Play with it with the First Girls. Recommend it to your friends:

Put 10 blocks in box A. Take 5 blocks out of box A and place them in box B. The owner of box A is 5 blocks poorer, the owner of box B is 5 blocks richer. Total number of blocks: still 10. Total wealth created: 0.

Come on BO, you can do it.

There is no big secret about “creating” jobs. Government can’t do it. Unless it sucks more capital and credit out of the private economy, it has only the capacity to consume wealth, not create it.

The best BO can do is take a hike; go on a 4-year vacation; walk the plank; just GET OUT OF THE WAY!

Update: Mitt Romney’s 10-point “to lift our economy” gives you an idea of the limits of Republican economic “thinking,” such that it is.

Repair and re-diretc the stimulus is one of Mitt’s recommendations. In other words, keep businesses that should go under or find a new equilibrium artificially inflated.

Individualists, proponents of the Constitution, who understand that individual liberty cannot coincide with the growth of government both at home and abroad cannot categorically accept the Republicans’ perverse notion of limited government.

Mitt also advises the president (who is beyond hope) to limit only non-military discretionary spending, and limit “new spending … to items that are critically needed and that we would have acquired in the future, such as new military equipment to support our troops abroad.”

To Republicans, the warfare state is viable; commensurate with liberty, and without the pitfalls that plague the welfare apparatus:

When Republicans and conservatives cavil about the gargantuan growth of government, they target the state’s welfare apparatus and spare its war machine. Unbeknown to these factions, the military is government. The military works like government; is financed like government, and sports many of the same inherent malignancies of government. Like government, it must be kept small.
Conservative can’t coherently preach against the evils of big government, while excluding the military mammoth.

[From “Your Government’s Jihadi Protection Program.”]