Thursday, August 25, 2011

Random Thoughts

"As the British have lost their empire and, more important, lost their respect for laws and standards, Britannia has gone from ruling the waves to waiving the rules."
- Thomas Sowell

Today I discovered a blog by American economist, social theorist, political philosopher and author, Thomas Sowell, at TownHall.com. I enjoyed an article he wrote called Random Thoughts which includes the quote above and the following quotes...
"The difference between mob rule and democracy was never more sharply demonstrated than by labor unions' attempts to prevent the Wisconsin voters' elected representatives from carrying out their official duties at the state Capitol. What would it matter what the voters want if any mob can stop it from happening?"
"Three little words -- "We the people," the opening words of the Constitution of the United States -- are the biggest obstacle to achieving the political goals of the left. For that, they must move decisions away from "We the people" -- from individuals to government; from elected officials to unelected judges; and from national institutions to international institutions like the United Nations -- all safely remote and insulated from "We the people.""
"President Obama often talks about wanting to raise taxes on "millionaires and billionaires" but -- in his actual tax proposals -- higher taxes usually begin with couples earning $250,000 between them. Apparently that makes you a millionaire or a billionaire."
"Amid all the concerns about the skyrocketing government debt, a front-page headline in the Wall Street Journal said: "Families Slice Debt to Lowest In 6 Years." It is remarkable how differently people behave when they are spending their own money compared to the way politicians behave when spending the government's money."
From another article, titled "Obama's 'Balanced' Approach"
"Barack Obama's political genius is his ability to say things that will sound good to people who have not followed the issues in any detail -- regardless of how obviously fraudulent what he says may be to those who have. Shameless effrontery can be a huge political asset, especially if uninformed voters outnumber those who are informed."
"Another word that sounds good to people who don't stop and think is "fair." President Obama says that he only wants the wealthiest Americans to pay their "fair share." But he says zilch about just what that fair share is, or even how to determine it."
Bottom Line
One more quote from Sowell,
"At one time, it was well understood that adversity taught valuable lessons, which reduce the probability of repeating foolish decisions. But, today, the welfare state shields people from the consequences of their own mistakes, allowing irresponsibility to continue and to flourish among ever wider circles of people."
The same could be said of TAARP that shielded banks from their mistakes or the bailout of the car companies. Why is it that failure is no longer allowed? What do we learn when protected from our mistakes?

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