War on Drugs or Welfare State?

War on Drugs or Welfare State?

If the War on Drugs didn’t directly precipitate the Welfare State and the destruction of the American black family, why did welfare aid to families spike in lockstep with our prison population right as that War started? Well, if you’re familiar American drug laws, it shouldn’t surprise you that some 90% of those arrested under the Rockefeller Drug Laws in the years after its passage were minorities. Sure, correlation doesn’t prove causation – but when you stop a moment and consider that marriage requires an eligible male, it’s not that hard to figure out why the modern Welfare State emerged in tandem with our War on Drugs, as it’s a little bit difficult to marry someone behind bars:

Groundhog Day Jobs Number Report

Groundhog Day Jobs Number Report

I feel like I’m in the movie Groundhog Day when it comes to the job numbers. I wake up on the first Friday each month to the same story — subpar job growth, no budging in key indicators, the insanity of the “anti-stimulus” of bleeding government jobs – and then wake up to it again next month. This month looks like the past dozen: 80,000 jobs wsere created, while the government sector shed 24,000 jobs.

If the elimination of public sector jobs causes growth in the private sector, then why isn’t that happening?

Can Science and Faith Exist Together?

Accepting the Bible as God’s literal truth doesn’t mean that we discount science. It does mean that we interpret scientific evidence from the biblical viewpoint. We evaluate the same evidence as evolutionists, but they interpret it from their viewpoint. Evidence isn’t labeled with dates and facts; we arrive at conclusions about the unobservable past based… Continue reading Can Science and Faith Exist Together?

Herman Cain

Why is anyone surprised that the same GOP base that doesn’t care if women die because they can’t get an abortion would be bothered by women being sexual harassed?

The Recovery The Fed Wants

The Recovery The Fed Wants

the FOMC meekly “anticipates that the unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate.” If the unemployment rate is not currently at a level consistent with the mandate and is also not converging rapidly toward a level consistent with the mandate, then in my view the FOMC ought to do something new and dramatic in order to fulfill its mandate. Instead, the FOMC is standing pat. They think 9.1 percent unemployment and moderate growth is fine and they don’t intend to do anything about it.

Quinnipiac Poll: Obama Shows Marked Improvement

Quinnipiac Poll: Obama Shows Marked Improvement

“President Barack Obama seems to be improving in voters’ eyes almost across-the-board,” said Peter Brown, assistant director of the Quinnipiac University Polling Institute in a release. “He scores big gains among the groups with whom he has had the most problems – whites and men. Women also shift from a five-point negative to a four-point positive.”

Good news, I think.

Bloomberg’s Awful Comment; What Can We Say For Certain Regarding the GSEs?

Bloomberg’s Awful Comment; What Can We Say For Certain Regarding the GSEs?

we should mention that the conservative think tanks spent the 2000s saying the exact opposite of what they are saying now, and the opposite of what Bloomberg said above. They argued that the CRA and the GSEs were getting in the way of getting risky subprime mortgages to risky subprime borrowers. My personal favorite is Cato’s Should CRA Stand for “Community Redundancy Act?”, (2000, here’s a writeup by James Kwak), arguing a position amplified in Cato’s 2003 Handbook for Congress Financial Deregulation Chapter: “by increasing the costs to banks of doing business in distressed communities, the CRA makes banks likely to deny credit to marginal borrowers that would qualify for credit if costs were not so high.”

Amazing. Yet this lie about the CRA causing the sub-prime crisis persists.