Daily Readings 05-02-2012

By: admin
Published: May 2nd, 2012

California Assembly OKs bill on gay contractors – Whites, non gay contractors do not apply? Sure it is not a requirement, but why pass a law to identify what are they? Another “fine” creation of the looney tunes state…

For the first time, California would ask its contractors if they are gay under legislation passed Monday by the Assembly.

The measure, Assembly Bill 1960, would enable the owners of businesses that contract with the state to identify themselves as lesbian, gay, bisexual or transgender. It would not require them to do so.

China’s Vanishing Trade Imbalance

Something unexpected has happened to China’s economy, however. Its surplus with the rest of the world has largely disappeared.

An Audacious Promise: The Moral Case for Capitalism

Milton Friedman once said that every time capitalism has been tried, it has succeeded; whereas every time socialism has been tried, it has failed. Yet President Obama has oddly claimed that we’ve tried free-market capitalism, and it “has never worked.” This is rather remarkable.

Where’s the Collateral?

The global “recovery” is based not on reducing debt but on increasing it. Nice, but where’s the collateral? The basic idea of debt is that credit is extended based on collateral, i.e. something of enduring, tradable value, or an income stream that isn’t reduced to zero by non-discretionary spending and taxes.

Too Busy for A Summer Job? Why America’s Youth Lacks Basic Work Skills

Do today’s kids make terrible entry-level workers? That’s a question much on employers’ minds as graduation season kicks off and young adults begin their first full-time jobs. We’ve all heard the stories: assistants who won’t “assist,” new workers who can’t set an alarm, employees who can’t grasp institutional hierarchies.

WELFARE FRAUD CAUGHT ON CAMERA 

A Memphis investigative team caught welfare fraud on camera, as customers at a local grocery store bought beer and condoms with EBT cars

How to Keep the Poor Poor

Media personality Tavis Smiley and Princeton philosophy professor Cornell West have just published their latest contribution to American poverty propaganda, “The Rich and the Rest of Us: A Poverty Manifesto.”

The book should have a second subtitle: “How to keep the poor poor and blacks enslaved to government.” To the extent this book is taken seriously by anyone, the result can only be more, entrenched poverty.

Smiley and West’s message is simple. America today consists of a few powerful, rapacious rich people and a lot of unfortunate, exploited poor people. The rich are rich because they are lucky. The poor are poor because they are unlucky. And the only way to solve the problem is activist government to manage the American economy and redistribute wealth.

It’s as if the wealthy belong to a different species of life with no common thread of humanity linking who they are to those who have less. The idea that “haves” might have been once “have nots,” or that that they did something to become “haves” that today’s “have nots” might consider doing, never enters the equation.

Even if Smiley and West conceded that there might be some element of personal responsibility in how one’s life turns out, their portrait is of an America now so unfair, that personal responsibility is irrelevant. There is no hope for anyone to rise, according to this book, without government boosting them using other people’s money.

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This entry was posted on Wednesday, May 2nd, 2012 at 8:01 am and is filed under Links, Video. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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