Thursday, July 16, 2009

Do as I Say, and Not as I Do:

Pres. Obama, from his speech in Ghana, July 11, 2009:

This is about more than holding elections - it's also about what happens between them. Repression takes many forms, and too many nations are plagued by problems that condemn their people to poverty. No country is going to create wealth if its leaders exploit the economy to enrich themselves, or police can be bought off by drug traffickers. No business wants to invest in a place where the government skims 20 percent off the top, or the head of the Port Authority is corrupt. No person wants to live in a society where the rule of law gives way to the rule of brutality and bribery. That is not democracy, that is tyranny, and now is the time for it to end.

In the 21st century, capable, reliable and transparent institutions are the key to success - strong parliaments and honest police forces; independent judges and journalists; a vibrant private sector and civil society. Those are the things that give life to democracy, because that is what matters in peoples' lives.”

Kind of humourous, actually. Given that effective corporate tax rates have been increasing rapidly against our international competitors for a number of years, Obama’s desire to push those rates even higher, combined with the proposed surtaxes to pay for his budget busting nationalized healthcare scheme, it's rapidly approaching the point for most of us where we would be gratified with a government that only skimmed 20%.

It’s probably safe to assume that whatever the Democrats fashion as health care “reform”, a significant chunk of your money is headed out of your pockets to pay off the political rent seekers, a la Waxman-Markey and the “ climate” bill.

The fact that this is going to be another 1,000+ page behemoth of a bill that won’t be assembled until the last possible second insures that no one will have an idea of the impact of even all of the major provisions, and that the details will be written by staff and lobbyists. All with no meaningful debate or review by Congress.