Can Lynch capitalize on Obama’s mistakes?

Can John Lynch capitalize on the slim advantage of Keynesian economics?  .

 

First off, Obama is couching his spending addiction in Keynesian economics.  He has to realise that it won’t actually work unless he has spending a) on projects that will have a positive economic impact on long term growth outside of government, and b) tax cuts that actually expand economic opportunity and stimulate short term growth in the business community now.

 

Tax cuts are the key.  They create long term stability and attract business and investment that will eventually increase revenue to offset the initial deficit spending.  Government spending never creates more revenue for the government, so when deficit intolerance intrudes on poor spending choices, taxes are raised–killing growth–and the Keynesian model collapses, creating economic stagnation, and a drawn out recession.

 

President Obama’s stimulus is destined to fail without a major retool because his spending is loaded with handouts that do no significant long term economic good, and what he calls tax cuts are actually welfare checks that do no short term lasting good.    Keynesian spending was never meant to fund art or special interest groups and if Obama persists he will have stimulated nothing of lasting value, including his usefulness as a leader. 

 

But John Lynch has an opportunity to make New Hampshire the place to do business—partly on the Federal dime–if he has the sense to take a chance and makes the right decisions.  He may get up to 300 million, and if he handles it properly, he might save New Hampshire some of the pain other New England states are pre-destined to suffer because of their tax policies.

Shea-Porter and Hodes on Proper protection?

The Stimu-less bill the NH twain rubber-stamped on Wednesday included a provision that would require all those supposed shovel-ready projects to get their steel from American companies.  That’s right, no foreign steel.

And you thought they cut the 400 million for “protection” out of the bill.

So is this how Obama heals our tarnished image with the global community.  Trade protectionism.   Who said experience doesn’t matter?

Well, the foreign governments got the message.  They are already lining up to give Mr. Obama piece of their mind, suggesting that similar actions against us would have to follow if the provision manages to survive and become law.  (Is this the test Biden warned us about?)

Preliminary estimates by several fortune 500 companies peg the potential job losses from a slew of global trade barriers in the tens of millions as the increased cost of global goods, and the problems in acquiring them strain an already fragile US economy.

So yeah,  Hodes and Shea-Porter voted for a stimu-less bill filled with lefty handouts, and hundreds of billions in non-stimulus spending, but they also  supported trade protectionism on top of it.   This must be part of that helping the middle class mantra, right?

So I am of course assuming that they actually knew what they were voting for.   I mean you don’t actually vote for 800 billion in pointless handouts after whining about fiscal responsibility and accountability, or about the culture of corruption you’re going to help clean up, do you?  You don’t blindly support trade barriers in a global economy that will affect every job sector while you are claiming to create jobs for (your union buddies) do you? Do you? 

Is it possible they never even pulled Pelosi’s sunshine yellow  post-it off the front, the one that said “just vote yes?”  Are their copies filed away in the ‘Victory’ drawer without even one dog-eared page?

No matter how it played out, as the bill meets stiffer opposition in the Senate, the public is learning a lot more about just how bad this bill really is, something our House Reps–the fiscal conscience of congress, seemed unconcerned with in their rush to give Obama a quick victory.

It’s good to know where their priorities lie.  Of course we always knew didn’t we, yet for some reason they got re-elected anyway.  So you know the old saying, fool me once shame on you, fool me twice…

PSNH rates go up–anyone surprised?

Thanks to the government the cost of living and doing business in New Hampshire just went up again.

It goes like this.  In 2007 the state mandated that by 2025 providers get 25% of the energy they provide from renewable sources (Wood, wind, solar, etc) and that process (its called RPS, the Regional Portfolio Standard) is already under way .  This  Jan 1st 2009 we began the RGGI cap and trade scheme which requires energy providers to buy carbon credits quarterly whose increased costs are also passed on to rate payers.

So these government mandates are now pig-piling on top of your lifestyle, in a down economy no less, during a ten year cooling trend, all to solve a problem that doesn’t even appear to exist.    How bad is it–get the numbers on the jump.

Deval-u-ing your borders

Deval Patrick knows spending, and so he also knows taxes.  And when you think you might have taxed your own state about as much as you can–and no I don’t think he’s even come close to that yet–you start taxing other states.

“What I would love to see is … border tolls at all of the interstate entrances, maybe Route 3 as well. In other words, Vermont, New Hampshire, Rhode Island, Connecticut, New York. If we did that right, it would be possible to remove all of the tolls inside of the Commonwealth. Maybe you’d keep something at the tunnel,”  -Gov. Deval Patrick as reported in the Boston Globe

Three thoughts come to mind.  First, just another reason to spend my money in New Hampshire; Second, if he charged people to leave the state he’d make alot more revenue; third, who does he think he’s kidding with that “it would be possible to remove all the tolls inside the Commonwealth…” schtick.

Obama keeps a promise (maybe two)

Today President Obama reached out to the global community in a way that only he could.

Effective, well now, he is bailing out people in foreign countries who want an O-bortion (including late term O-bortions) and want it paid for with American tax dollars. (That includes New Hampshire Tax dollars)

Sure, there’s some stipulations about family planning, but you should always remember the time worn maxim; federal funding for abortions doesn’t kill unborn babies, the guy who authorizes it does.

 

Cross-posted at NHInsider.com