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	<title>Rattrap's Rants &#187; Economy</title>
	<atom:link href="http://www.rattrapsrants.com/category/economy/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.rattrapsrants.com</link>
	<description>An intelligent, conservative discussion of current issues.</description>
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		<title>Fined for not purchasing?</title>
		<link>http://www.rattrapsrants.com/2009/09/09/fined-for-not-purchasing/</link>
		<comments>http://www.rattrapsrants.com/2009/09/09/fined-for-not-purchasing/#comments</comments>
		<pubDate>Wed, 09 Sep 2009 15:06:39 +0000</pubDate>
		<dc:creator>rattrap</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.rattrapsrants.com/2009/09/09/fined-for-not-purchasing/</guid>
		<description><![CDATA[I would like to see someone find the place in the US Constitution where congress has the authority to fine the citizenry for not purchasing something. Alexis de Tocqueville famously wrote that if America were to lose its freedom, it would not be through violent foreign conquest, but rather through the &#8220;soft despotism&#8221; of innumerable [...]]]></description>
			<content:encoded><![CDATA[<p>I would like to see someone find the place in the US Constitution where congress has the authority to fine the citizenry for not purchasing something.</p>
<p>Alexis de Tocqueville famously wrote that if America were to lose its freedom, it would not be through violent foreign conquest, but rather through the &#8220;soft despotism&#8221; of innumerable governmental mandates and prohibitions, gradually whittling away at liberty and lulling the people into a sense of dependence upon the state.</p>
<p>It&#8217;s way past time to wake up America!</p>
<div class="zemanta-pixie"><img class="zemanta-pixie-img" alt="" src="http://img.zemanta.com/pixy.gif?x-id=928d9fae-4bdb-8fad-b0e6-ed4e9ee1aa8e" /></div>
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		<title>Government Incompetence</title>
		<link>http://www.rattrapsrants.com/2009/08/13/government-incompetence/</link>
		<comments>http://www.rattrapsrants.com/2009/08/13/government-incompetence/#comments</comments>
		<pubDate>Thu, 13 Aug 2009 13:48:56 +0000</pubDate>
		<dc:creator>rattrap</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.rattrapsrants.com/2009/08/13/government-incompetence/</guid>
		<description><![CDATA[How is it that the government which: Forced the ponzi scheme called social security on the country &#8211; now broke Forced medicaid on the states &#8211; now unsustainable. Forced medicare on us.&#160; Caused them to go broke. &#8220;Manages&#8221; the post office &#8211; never broke even. Created Amtrak &#8211; also never broke even. Now wants to [...]]]></description>
			<content:encoded><![CDATA[<p>How is it that the government which:
<ul>
<li>Forced the ponzi scheme called social security on the country &#8211; now broke </li>
<li>Forced medicaid on the states &#8211; now unsustainable. </li>
<li>Forced medicare on us.&nbsp; Caused them to go broke.</li>
<li>&#8220;Manages&#8221; the post office &#8211; never broke even.</li>
<li>Created Amtrak &#8211; also never broke even.</li>
</ul>
<p>Now wants to force government run health care/insurance on us?
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		<title>Market Failure? I think NOT!</title>
		<link>http://www.rattrapsrants.com/2008/09/19/market-failure-i-think-not/</link>
		<comments>http://www.rattrapsrants.com/2008/09/19/market-failure-i-think-not/#comments</comments>
		<pubDate>Fri, 19 Sep 2008 15:21:08 +0000</pubDate>
		<dc:creator>rattrap</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.rattrapsrants.com/2008/09/19/market-failure-i-think-not/</guid>
		<description><![CDATA[The current economic problems can be traced back to one source &#8211; Government!Idiots in both the Evil party and the Stupid party are to blame. The end of fiscal conservatism is here, read them and weep, and don&#8217;t say you weren&#8217;t warned. Walter E. Williams :: Townhall.com :: Stubborn Ignorance http://townhall.com/columnists/WalterEWilliams/2008/09/17/stubborn_ignorance &#8220;These financial problems are [...]]]></description>
			<content:encoded><![CDATA[<div class="PubNote">
<div class="PubNoteAttributes"><span class="AttributeTitle">The current economic problems can be traced back to one source &#8211; Government!<br />Idiots in both </span><span class="AttributeTitle">the </span><b>Evil </b><span class="AttributeTitle"><b></b>party and the <b>Stupid </b>party are to blame.</p>
<p>The <a target="_blank" href="http://michellemalkin.com/2008/09/19/the-mother-of-all-bailouts-the-death-of-fiscal-conservatism/">end of fiscal conservatism</a> is here, read them and weep, and don&#8217;t say you weren&#8217;t warned.</p>
<p></span><i><b><span class="AttributeTitle">Walter E. Williams :: Townhall.com :: Stubborn Ignorance</span></b></i><br />
<a class="AttributeUrl" href="http://townhall.com/columnists/WalterEWilliams/2008/09/17/stubborn_ignorance">http://townhall<wbr />.com/columnists<wbr />/WalterEWilliam<wbr />s/2008/09/17/st<wbr />ubborn_ignoranc<wbr />e</a></div>
<div class="PubNoteContentArea"><span> </span><font face="arial">&#8220;These financial problems are not market failures but government<br />
failure. The Community Reinvestment Act of 1977 is a federal law that<br />
intimidated lenders into offering credit throughout their entire market<br />
and discouraged them from restricting their credit services to low-risk<br />
markets, a practice sometimes called redlining. The Federal Reserve<br />
Bank, keeping interest rates artificially low, gave buyers and builders<br />
incentive to buy and build, thereby producing the housing bubble.<br />
Lenders were willing to make creative interest-only loans, often<br />
high-risk &#8220;no doc&#8221; and &#8220;liar loans,&#8221; in order to allow people to buy<br />
more housing than they could afford. Of course, with the expectation<br />
that housing prices will continue to rise, it was no problem for<br />
lenders and borrowers but housing prices began to fall, leaving some<br />
people with negative home equity and banks in trouble.&#8221;</font></p>
</div>
</div>
<p> <a name="NDQE8SgoQrOrMhMcj"></a></p>
<div class="PubNote">
<div class="PubNoteAttributes"><i><b><span class="AttributeTitle">Lehman Brothers, Flood Insurance and Energy Independence | CEI</span></b></i><br />
<a class="AttributeUrl" href="http://cei.org/2008/09/16/lehman-brothers-flood-insurance-and-energy-independence">http://cei.org/<wbr />2008/09/16/lehm<wbr />an-brothers-flo<wbr />od-insurance-an<wbr />d-energy-indepe<wbr />ndence</a></div>
<div class="PubNoteContentArea"><font face="arial">“</font><span><span style="color: rgb(34, 34, 34);"><font face="arial">Business<br />
failure is not only a permissible outcome of capitalism, it’s a necessary one.<br />
As the great economist Joseph Schumpeter has written, the process of “creative<br />
destruction” is essential for the market to function. For innovation to<br />
flourish and the standard of living of the populace to improve, the market must<br />
be free to reward success and punish failure.&#8221;</font></p>
<p></span></span></div>
</div>
<p> <a name="NDQUbSgoQqcSg2ccj"></a></p>
<div class="PubNote">
<div class="PubNoteAttributes"><i><b><span class="AttributeTitle">Organic Market &#8211; Forbes.com</span></b></i><br />
<a class="AttributeUrl" href="http://www.forbes.com/opinions/2008/09/18/market-organic-regulation-oped-cx_rr_0918roberts.html">http://www.forb<wbr />es.com/opinions<wbr />/2008/09/18/mar<wbr />ket-organic-reg<wbr />ulation-oped-cx<wbr />_rr_0918roberts<wbr />.html</a></div>
<div class="PubNoteContentArea"><font face="arial"><span>&#8220;Yet much of the current<br />
chaos is the result of attempts to steer or control markets rather than<br />
let them be. Much of the chaos is the result of political failure.&#8221;</span></font></div>
</div>
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		<title>Energy Talking Points Talk-back</title>
		<link>http://www.rattrapsrants.com/2008/07/08/energy-talking-points-talk-back/</link>
		<comments>http://www.rattrapsrants.com/2008/07/08/energy-talking-points-talk-back/#comments</comments>
		<pubDate>Wed, 09 Jul 2008 01:19:56 +0000</pubDate>
		<dc:creator>rattrap</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.rattrapsrants.com/2008/07/08/energy-talking-points-talk-back/</guid>
		<description><![CDATA[Okay, I&#8217;m tired of the liberal talking points on energy, so let&#8217;s dispel a few: &#8220;We can&#8217;t drill our way out of the problem&#8221; &#8211; Well no, not any more! If we had drilled in ANWR and the OCS some time ago then we would be fine. But we also can&#8217;t NOT drill. It would [...]]]></description>
			<content:encoded><![CDATA[<p>Okay, I&#8217;m tired of the liberal talking points on energy, so let&#8217;s dispel a few:</p>
<ol>
<li>&#8220;We can&#8217;t drill our way out of the problem&#8221; &#8211; Well no, not any more!  If we had drilled in ANWR and the OCS some time ago then we would be fine.  But we also can&#8217;t <b>NOT</b> drill.  It would be the epitomy of stupidity to sit on 1.5 trillion barrels of oil and not go after it.</li>
<li>&#8220;Even if we did drill now we would not see the oil for 7-10 years.&#8221; &#8211; If we had drilled 10 years ago when Clinton vetoed the bill to go after ANWR we would have it <b>NOW</b>!  The most pessimistic estimates put the oil in the market at 5 years, 3 years is more likely.</li>
<li>&#8220;If we invest in alternative/renewable energy, it will reduce our need.&#8221;  &#8211; Time to market for those technologies is 5-7 years at it&#8217;s most optimistic, then the infrastructure has to be built, and people have to buy them.  And if they don&#8217;t buy them, no infrastructure. doesn&#8217;t sound like that plan will help now, or later.</li>
</ol>
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		<title>Bailout?  Get Real!</title>
		<link>http://www.rattrapsrants.com/2008/06/27/bailout-get-real/</link>
		<comments>http://www.rattrapsrants.com/2008/06/27/bailout-get-real/#comments</comments>
		<pubDate>Fri, 27 Jun 2008 14:11:58 +0000</pubDate>
		<dc:creator>rattrap</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.rattrapsrants.com/2008/06/27/bailout-get-real/</guid>
		<description><![CDATA[Can somebody please explain to me why congress is even debating a mortgage bailout? What happened to personal responsibility? How is it I&#8217;m going to end up paying for someone else&#8217;s bad judgments? Both the lenders and the borrowers made bad decisions to enter the contract in the first place. But it&#8217;s a CONTRACT! So, [...]]]></description>
			<content:encoded><![CDATA[<p>Can somebody please explain to me why congress is even <b>debating </b>a mortgage bailout?  </p>
<p>What happened to <a target="_blank" href="http://www.rattrapsrants.com/personal-responsibility/">personal responsibility</a>?  How is it I&#8217;m going to end up paying for someone else&#8217;s bad judgments?  Both the lenders and the borrowers made bad decisions to enter the contract in the first place.  But it&#8217;s a CONTRACT!  So, buck up and pay for your own mistakes.  You should have thought about some long term things before you signed on the line.  </p>
<p>I shouldn&#8217;t have to pay for your mistakes, <b>YOU SHOULD</b>!<br /><a target="_blank" href="http://www.rattrapsrants.com/personal-responsibility/"></a></p>
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		<title>The US Government is too big!</title>
		<link>http://www.rattrapsrants.com/2007/05/10/the-us-government-is-too-big/</link>
		<comments>http://www.rattrapsrants.com/2007/05/10/the-us-government-is-too-big/#comments</comments>
		<pubDate>Fri, 11 May 2007 02:28:02 +0000</pubDate>
		<dc:creator>rattrap</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://rattrapsrants.com/?p=19</guid>
		<description><![CDATA[At every level and nearly every function the government is too big, too inefficient, wasteful, and all too often, interferes with private citizens and enterprises who want to get things done. Here is an example. We need to take back our country from the politicians (both parties!)who have stolen it from us! The President has [...]]]></description>
			<content:encoded><![CDATA[<p>At every level and nearly every function the government is too big, too inefficient, wasteful, and all too often, interferes with private citizens and enterprises who want to get things done. <a href="http://www.cato.org/pub_display.php?pub_id=4819&amp;print=Y">Here</a> is an example. We need to take back our country from the politicians (both parties!)who have stolen it from us! The President has put forth an incredible spending package that will hasten the bankrupting of the U.S. Not only will it create thousands of citizens wholly dependent on the government, it will take monies away from those who can help the people the best, namely you and I as taxpayers.</p>
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		<title>Solve three problems at once</title>
		<link>http://www.rattrapsrants.com/2007/04/11/solve-three-problems-at-once/</link>
		<comments>http://www.rattrapsrants.com/2007/04/11/solve-three-problems-at-once/#comments</comments>
		<pubDate>Thu, 12 Apr 2007 01:38:15 +0000</pubDate>
		<dc:creator>rattrap</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[Immigration]]></category>

		<guid isPermaLink="false">http://rattrapsrants.com/?p=4</guid>
		<description><![CDATA[Illegal immigration is driving down wages because companies have become dependent on them which causes domestic unemployment to be artificially high. Here are the three problems: 1. Illegal immigration violates our nations sovereignty 2. U.S. Companies are dependent on the cheap labor that they provide. 3. The minimum wage is causing unemployment for U.S. Citizens. [...]]]></description>
			<content:encoded><![CDATA[<p>Illegal immigration is driving down wages because companies have become dependent on them which causes domestic unemployment to be artificially high.  Here are the three problems:</p>
<p>1. Illegal immigration violates our nations sovereignty<br />
2. U.S. Companies are dependent on the cheap labor that they provide.<br />
3. The minimum wage is causing unemployment for U.S. Citizens.</p>
<p>Here&#8217;s the solution: Eliminate the minimum wage!</p>
<p><span id="more-4"></span>Aside from the fact that the minimum wage is unconstitutional by way of interfering in the freedom of contract between employee and employer, it has  the effect of keeping an entire segment of the domestic population under the entitlement system sapping it of the strength realized by personal accomplishment.</p>
<p>Because the minimum wage sets an artificial floor on the minimum value of an hours worth of work regardless of the type companies are forced into a choice.  Pay fewer workers, get less done, make less profits, and essentially endure a slow death.  Or they could get cheap labor in the form of illegal immigrants which aren&#8217;t on the payroll, therefore the companies don&#8217;t have to pay income, social security, or medicare tax (an immediate savings to the company).  These workers also get paid less so the company can hire more for the same effective cost.  This raises productivity and increases profits at the same time.  The risk of getting fined for illegally employing these criminal foreign nationals is low because the government is not willing to enforce the laws it passes.</p>
<p>Eliminating the minimum wage allows freedom of contract for both the employer and employee.  It also frees the company from the potential, how ever low, of getting fined and losing its workforce.  Finally it allows the current pool of under-educated/low-skilled labor to compete for jobs at the same rate as the aforementioned foreign nationals.  This will have the affect of lifting those individuals out of the current poverty that they are in, and positively affect society as a whole.</p>
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