Monday, August 24, 2009

The Four Horsemen of America's Economic Apocalipse

Below I believe are the four legislatures that can wreck America's economic future if they are passed:

  1. ObamaCare. Also known as socialized medicine. It's pretty simple economics why this won't work. It hasn't worked in Canada and England and it won't work here. Canada and England even has less population than the U.S. You offer health care "free" you will get shortages. Supply and demand. If you have too much demand (people in need of medical help) and not enough supply (doctors, nurses, medical equipment) to meet the demand, you will get a shortage. America is in debt and doesn't have enough money to pay doctors decent wages and not enough money to buy state-of-the-art medical equipment. Medical equipment businesses may initially sell equipment to the gov't but as soon as they don't receive their money (like the car dealers who haven't received their money from the gov't in the cash-for-clunkers pgm which ends today) they will stop selling equipment to the gov't and make something else. Again shortages. Taxes will have to be raised to pay for the medical resources. Either the income tax or the gov't might tax ingredients it deems unhealthy like sugar, saturated fats, cholesterol, salt, etc. The powers-that-be will use America's health as an excuse to do it. This will hurt the economy even more by causing inflation.

  2. The Cap-and-trade bill. Or as some call it "cap-and-tax." This is how it works according to Conservapedia:
    In a "cap and trade system," a regulating authority (the government) sells permits to companies for the right to emit pollutants. As with all costs of business, this additional cost would be passed on the consumer. A company may emit pollutants up to the permitted amount. Should a company find they routinely under-pollute, these permits may be sold back to the regulating authority or sold to other companies.

    Each source can design its own compliance strategy to meet the overall reduction requirement, including sale or purchase of allowances, installation of pollution controls, implementation of efficiency measures, among other options. Individual control requirements are not specified under a cap and trade program, but each emissions source must surrender allowances equal to its actual emissions in order to comply. Sources must also completely and accurately measure and report all emissions in a timely manner to guarantee that the overall cap is achieved. [read more]

    Italics added by me. When Spain passed this stupid legislature its electricity and energy increased by 31 percent. That will happen here. Even Obama had to admit that "electricity rates would necessarily skyrocket." His words. Heritage.org did an analysis of the bill. Below is some of what they discovered:
    • Gasoline prices will rise 58 percent (or $1.38) above the baseline forecast, which already contains price increases;
    • Electricity prices will rise 90 percent;
    • A family of four can expect to pay $1,241 more for energy costs per year;
    • Including taxes, a family of four will pay $4,609 more per year;
    • Job losses will be nearly 2.5 million;
    • The national debt will rise an additional $12,803 per person.
    If that does not make you cringe you can read more of the article. Why do we have to have this legislature? To try to control a gas that all animals exhale out.

  3. The Employee Free Choice Act (EFCA). Also called Card check. Basically this is employees voting if they want a union or not without a secret ballot. Think of it in this way: It would be like if you voted for a political candidate while the candidate looked over your shoulder. That wouldn't be right. That can lead to intimidation. Not "free choice" anymore is it? Why should unions care if you vote to join a union or not if unions are popular. It's because they are not. Union membership is dropping. In a March Rasmussen poll only nine percent of non-union workers want to join a union. According to an Heritage.org article:
    The EFCA applies only to workers covered by the National Labor Relations Act (NLRA), which does not cover government employees, agricultural workers, the self-employed, or railway or airline workers. The Act also excludes supervisors. Still, the EFCA would disenfranchise 105 million American workers, which encompasses more than two-thirds, or 68.8 percent, of the American workforce. [read more]
    Even liberal George McGovern and an ex-labor union leader does not support card check. McGovern and the ex-union labor union leader are not alone in their opinions. 30% say it’s okay to form a union without a secret vote, 52% disagree according to a July Rasmussen poll.

  4. Finally, Amnesty. If you just let all the illegals be legal that will cause high unemployment, and put a drag even more on the health care system (illegals are covered in the House ObamaCare bill). Not to mention it will give incentive for even more illegals to come over here. Inflation will rise because now you have to pay them minimum wage, health benefits, etc. I understand why they are coming over here. Mexico has low wages, high unemployment, and deadly drug gangs. It's like a storm that follows low pressure systems. America is the low pressure system. The Left wants amnesty because they want to increase labor membership. They really don't care about the individual lives of illegals coming over here. They just see the numbers.
So, how can the four horsemen be stopped? Vote for any politician that will reverse the four legislatures. God help this country if any of the four passes.

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