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Accountability folly government transparency ideological culture moral hazard national politics & policies

Money Means Nothing to Her

Campaign finance reform is surely dead … if Hillary Clinton is elected president.

Which would be good.

Not Clinton being elected, mind you. What would be good is the death of so-​called campaign finance reform — the kind supported by Democrats, including Sen. Bernie Sanders and Hillary Clinton. They insist on a constitutional amendment to partially repeal the First Amendment’s freedom of speech protection and give Congress awesome new powers to regulate their own and their opponents’ campaigns.

But wait — if Mrs. Clinton supports campaign finance reform, why would her election kill this seriously bad proposal?

Well, Hillary Clinton made it abundantly clear at last week’s Democratic presidential debate, as I explained this weekend at Townhall: large campaign contributions do not influence her in any way. Even a fat $15 million from Wall Street interests to her super PAC — or $225,000 a pop speeches paid by Goldman Sachs and their ilk — registers no corrupting effect whatsoever.

And those millions deposited in Clinton Foundation accounts from foreign governments?

They couldn’t possibly sway the steady former Secretary of State. Not even the smallest smidgen.

Just like there has never been corruption at the IRS.

Don’t believe Hillary? Then trust President Obama, who also gobbled up major Wall Street funding when he ran in 2008 and 2012. But again, according to her, “President Obama was not at all influenced when he made the decision to pass and sign Dodd-​Frank, the toughest regulations on Wall Street in many a year.”

Not. At. All.

So the solution to government corruption is simply to elect trustworthy, incorruptible candidates … like Hillary Clinton.

Well, call her half right.

This is Common Sense. I’m Paul Jacob.


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Categories
folly free trade & free markets ideological culture moral hazard national politics & policies

Cranks for President

Some of us who think of ourselves as populists — or just ordinary people, hence “outsiders” — are having a hard time this political season. The two most talked-​about outsider candidates, billionaire Donald Trump and socialist Bernie Sanders, make for strange populists.

A billionaire as a “man of the people”? Not very plausible. It is his lack of a self-​censor, his free-​wheeling, stream-​of-​conscious grade-​school-​level discourse, that impresses many folks. Definitely not scripted.

A socialist as populist? Socialism, long associated with elitists, would put the State into every area of everyday life. Most folks with horse sense resist that.

But Trump and Sanders do have something in common. They rely upon common misconceptions about everyday market life. They both fan the flames of conspiracy theories about prices.

When the price of fuel was spiking a few years ago, Bernie Sanders warned us: “Forget what you may have read about the laws of supply and demand. Oil and gas prices have almost nothing to do with economic fundamentals.” It’s all greed, you see: arbitrary power.

But, as Daniel Bier reminds us at The Freeman, believing that businesses are superpowers out to screw us with ever-​rising prices, unhampered by supply and demand, is not just socialist silliness, it’s Billionaire Trump silliness, too — four years ago, the developer not only trumpeted the idea that we simply threaten OPEC for lower prices, but suggested we actually seize foreign oil fields.

This is not common sense. It’s crankism.

It’s the kind of thing folks say when they’re drunk.

Maybe on power.

This is Common Sense. I’m Paul Jacob.


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Categories
folly general freedom ideological culture nannyism national politics & policies Popular

Extremist Against Charity

Vermont’s favorite son, Senator Bernie Sanders, has a long history of saying strange things, comments that cast a shadow on his current spin that the socialism he favors is a “democratic” one.

He really is (or has been) quite extreme, extremist.

How extreme? He is against charity. You know, private aid provided to alleviate private suffering.

Steve Hayward at PowerLine has unearthed a New York Times piece from way back in Bernie’s mayoral days, about something he said addressing a United Way crowd:

“I don’t believe in charities,” said Mayor Sanders, bringing a shocked silence to a packed hotel banquet room. The Mayor, who is a Socialist, went on to question the “fundamental concepts on which charities are based” and contended that government, rather than charity organizations, should take over responsibility for social programs.

How telling is that?

What many of us have long suspected about anyone calling himself a socialist is that, in his heart of hearts, he really is against any degree of freedom.

The free society alternative, on the other hand, is the common sense policy: we all do the good that makes sense to us, each act or operation judged by our differing metrics, investing our time and money as we see fit.

This allows for innovation and speedy adaptation to changing needs.

Bernie, on the other hand, figures everything has to be centrally organized and taxpayer-​funded. That’s not merely a good definition of socialism, it’s creeping totalitarianism … and not the least bit charitable.

This is Common Sense. I’m Paul Jacob.


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Bernie Sanders, charity, welfare, government, against charity

 


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Photo credit: Marco at Flickr

 

Categories
meme national politics & policies responsibility

Trump’s Empire?

The next president will take office as this year’s $544 billion deficit pushes up the U. S. national debt to nearly $20 trillion … which is chicken feed compared to nearly $127 trillion in unfunded liabilities racked up by our entitlement state.

And, on top of that, add our outrageous world policeman fees.

The Washington Post reports that, “thanks to various treaties and deals set up since 1945, the U.S. government might be legally obligated to defend countries containing 25 percent of the world’s population.”

And boy, has America, World Policeman, been active!  The U. S. military is well into a second decade of wars in Iraq and Afghanistan, engaged in ongoing armed conflict in Libya, Pakistan, Somalia, Syria and Yemen, and with ISIS and its terror, not seemingly degraded at all but growing.

No wonder, then, that the iconoclastic Donald J. Trump questioned — at a Washington Post editorial board meeting, just before the Brussels terrorist attacks — the wisdom of U.S. commitments to NATO, South Korea and Japan.

“NATO was set up when we were a richer country,” Trump explained. “We’re not a rich country. We’re borrowing, we’re borrowing all of this money. We’re borrowing money from China.…”

So why subsidize wealthy countries? “Well, if you look at Germany … Saudi Arabia … Japan … South Korea — I mean we spend billions of dollars on Saudi Arabia, and they have nothing but money.”

Lest I get my hopes up too high, it seems unlikely that Trump would change actual policy, but simply make “a much different deal with them, and it would be a much better deal.”

Here’s an even better deal, as our third president, Thomas Jefferson, articulated: “Peace, commerce, and honest friendship with all nations. Entangling alliances with none.”

It’s quite affordable.

This is Common Sense, I’m Paul Jacob.


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Donald Trump, Thomas Jefferson, empire, entangling alliances, meme

 


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Accountability free trade & free markets general freedom government transparency moral hazard national politics & policies

Banking on Clinton

I’ve been tough on Bernie Sanders, the socialist Vermont Senator and Democratic Party presidential candidate. Why? Because socialism is — to quote a current GOP candidate — “a disaster.”

But I appreciate his campaign for showing former Secretary of State Hillary Clinton for what she is, the ultimate establishment insider.

Even while, as SNL parodied, she seeks to co-​opt Sanders’s progressivism.

Nowhere is Hillary’s have-​it-​both-​ways mode of operation more obvious than in regard to Big Finance. She attacks the big banks, promoting her “very aggressive plan to rein in Wall Street.” Yet, she is supported politically and has been enriched personally by Wall Street firms. In 2014 and 2015 alone, Mrs. Clinton was paid $11 million dollars for speeches to various groups, including these financial interests.

On the campaign trail, Bernie has been calling on Mrs. Clinton to release transcripts of her speeches to Wall Street firms:

She gets paid $225,000 for a speech. Now you know that is a lot of money for an hour speech.… It must be mind-​blowing speech, it must be a Shakespearean speech, it must be a speech that could educate and enlighten the entire world.

An anonymous attendee of Mrs. Clinton’s speeches to Goldman Sachs has characterized her remarks as “far from what she sounds like as a candidate now. She sounded more like a Goldman Sachs managing director.” Another said making the transcript public “would bury her against Sanders.”

Understandably, Hillary refuses … until every other living person who has ever spoken a word to anyone on Wall Street does so first.

At his rallies, Bernie now throws his empty hands up into the air to release his non-​existent speech transcripts.

This is Common Sense. I’m Paul Jacob.


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Categories
national politics & policies political challengers

Voting and How

Some “ifs” for today.

If I were a Republican and if I were voting in Ohio or Florida, both winner-​take-​all on the Republican side, and if I wanted to stop Donald Trump, I’d vote for Kasich in Ohio — or, were I a Florida resident, for Rubio.

If I were for Cruz, I might prefer that both Governor John Kasich and Senator Marco Rubio drop out. But on reflection, I don’t think so. Trump picking up 165 delegates in two fell swoops probably cannot be made up at this point, even one-on-one.

So Sen. Marco Rubio was probably wise last week to acknowledge what seems the truth: “John Kasich is the only one who can beat Donald Trump in Ohio. If a voter in Ohio is motivated by stopping Donald Trump, I suspect that’s the only choice they can make.”

Of course, Mr. Rubio wants Kasich voters in the Sunshine State to likewise switch to him, because, “I’m the only one who can beat Trump in Florida.”

A spokesman for Gov. Kasich of Ohio was having none of it: “We were going to win in Ohio without his help, just as he’s going to lose in Florida without ours.”

Still, a Kasich super PAC is robo-​dialing Ohio voters with the news that Rubio suggests they vote for Kasich.

We can outsmart ourselves sometimes with strategic voting, sure. As a general rule I prefer to vote for the person I think is best. But sometimes there are elections wherein the word “best” just doesn’t seem to apply.

This is Common Sense. I’m Paul Jacob.


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Trump, Rubio, Kasich, election, primary, illustration