Poll: America’s best days are in the past

More than half (52%) of likely voters think the nation’s best days are in the past. Only 31% think the best days lie still ahead. — Rasmussen Reports

It is understandable that so many people think that. But they are wrong. The economy does stink. We are in the worst, most prolonged recovery in 70 years. Unemployment is awful. Millions of people have given up even looking for a job. Median family income is down. Debt is up. Growth is down.

But these bad things don’t just happen. They are the result of bad policies from politicians who do not understand the Law of Unintended Consequences, who do not understand that good intentions are not the same as good results.

The right policies can put us back on the right track to growth and prosperity. Most people think the country is headed the wrong direction. We need to elect politicians who agree with us, who know that we are on the wrong track and that we need to change direction. 

 

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“unfree nation supervised by an overweening and bloated bureaucracy”

[They] see the uninterrupted forward march of the American left. Entitlement spending never stopped growing. The regulatory state continued to expand. The national debt grew and grew and finally in the Obama years, exploded. They see an American population becoming unrecognizable from the free and self-reliant people they thought they knew. And they see the Republican Party as having utterly failed to stop the drift toward an unfree nation supervised by an overweening and bloated bureaucracy. They are not interested in Republican policies that merely slow the growth of this leviathan. They want to stop it and reverse it. And they want to show their supporters they’ll try anything to bring that about. (my emphasis)

That Brit Hume commentary has it just about right. Too many Republicans, especially in Washington, are content with Big Government as long as they have a hand in running it. The grassroots and, polls show, the American people prefer smaller government:

far more voters continue to favor a smaller government with fewer services than a bigger government that provides more services. — Pew Research Center

 

Another great column from Mark Steyn

The least dispiriting moment of another grim week in Washington was the sight of ornery veterans tearing down the Barrycades around the war memorials on the National Mall, dragging them up the street and dumping them outside the White House. This was, as Kevin Williamson wrote at National Review, “as excellent a gesture of the American spirit as our increasingly docile nation has seen in years.”

Read the whole thing. Here are some pull quotes:

  • Folding is what Republicans do. John Boehner and Mitch McConnell are so good at folding Obama should hire them as White House valets.
  • without meaningful course correction, America is doomed.
  • we are on course to becoming the first nation of negative-millionaires.
  • These days, it’s not clear to me that the Republican Party functions as a pro-American right.

 

The Declaration of Dependence

We hold these truths to be self-evident, that all people should be made equal, that they are endowed by their government with certain unalienable Rights, that among these are jobs, healthcare and housing.–That to secure these rights, Governments must rule over the people, deriving their just powers from the consent of the elite, –That whenever the people becomes destructive of these ends, it is the Right of the Elite to alter or to abolish it, and to institute more Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect the power and control of the elite. …We, therefore, the Representatives of the political elite, in faculty lounges, Assembled, appealing to the United Nations for the rectitude of our intentions, do, in the Name, and by Authority of government, solemnly publish and declare, That the American people ought to be governed by the United Nations; that they are Absolved from all Allegiance to the Constitution, and that all political connection between them and the Founding Fathers, is and ought to be totally dissolved; and that as highly-taxed and dependent States, they have full Power to levy taxes, disrupt Peace, contract new departments and agencies, regulate Commerce, and to do all other Acts and Things which the political elite may of right do. And for the support of this Declaration, with a firm reliance on the protection of the establishment media, we mutually demand your Lives, your Fortunes and your sacred Honor.

Via the great Dan Mitchell.

The greatest country in history

“Politics is the business of getting power and privilege without possessing merit.” — P.J. O’Rourke

The historian John Steele Gordon observes that the United States is the most influential country in history and that the reason is our economy. In his book, An Empire of Wealth, he declares that ours is “an empire of economic success and of the ideas and practices that fostered that success.”

Gordon describes the rise of the American economy as an “epic powered by uncountable millions [of people] pursuing their self-interests within the rule of law, which is the essence of liberty.”

Liberty has been a hallmark of our country for most of 400 years. Many of the early settlers came for religious freedom. Others “came to pursue their own ideas of happiness … with less interference than anywhere else.” The voyage was perilous; the New World sometimes more so. Many died at sea; many others died within a few years. But they took those risks for the sake of liberty.

In our Declaration of Independence the signers pledged their lives, their fortunes, and their sacred honor to support the idea that all men had the unalienable right to “Life, Liberty, and the pursuit of Happiness.” Eleven years later, some of those same men signed the Constitution to “secure the blessings of Liberty”.

A century later French sculptor Frederic Bartholdi created the Statue of Liberty as a gift to the United States from the people of France. Do you know that a similar, though much smaller, Statue of Freedom tops the U.S. Capitol Dome?

The point of all this history is that Liberty, as a word and as an idea, has been the heart and soul of our country from the beginning. (Homework: on what U.S. coin is the word “Liberty”?)

Albert Einstein declared that “Everything that is really great and inspiring is created by the individual who can labor in freedom.” Most of the world’s great technology was created in the United States. And with just 6% of the world’s population, the U.S. has won 42% of the Noble Prizes.

We became the greatest country on earth because ordinary people had the freedom to do extraordinary things. People such as Thomas Edison, Henry Ford, and Steve Jobs started from humble beginnings and created whole new industries.

Some may say that our success was an accident of our geography and our natural resources. But how then do they explain the economic success of Hong Kong? It is but a small island with zero resources. Yet its per capita income is among the highest in the world. Not coincidentally it is ranked highest in the world for economic freedom.

No. Prosperity is not a result of natural resources – or perhaps it is. The most valuable resource for any country is the human mind. And the United States “unleashed the energy and individual genius of man to a greater extent than has ever been done before. Freedom and the dignity of the individual have been more available and assured here than in any other place on Earth.”

Every year, think tanks around the world rank the various countries for their economic freedom, personal freedom, political freedom, etc. One such ranking is the Index of Economic Freedom. It measures ten components of economic freedom such as freedom from corruption, fiscal freedom, labor freedom, and trade freedom. After averaging the ten component scores to produce an overall score from 0 to 100, it groups the countries as Free, Mostly Free, down to Repressed.

Years of study have shown that more economic freedom corresponds to higher per capita income, stronger growth, less poverty, and a cleaner environment. Other studies have shown that freedom also corresponds to more happiness and longer life spans.

Prior to the fall of the Berlin Wall more than 20 years ago, Germany was two distinct countries: West Germany and East Germany. One was free and prosperous; the other suffered tyranny and poverty. When East Germany was freed from the tyranny of Communism and became part of a free united Germany, it quickly became prosperous.

Today, we can look at the very prosperous South Korea, which is “moderately free” and the literally starving North Korea, which is “repressed”. Some may think of China as being a great country but it is ranked “mostly unfree”. Its per capita income is only one-quarter of Taiwan’s, ranked “mostly free”.

So, where does the United States rank in the index? Our overall score has dropped to just 76, #10 in the world. We aren’t even the most free in North America; Canada has taken that spot. Five years ago we were rated “Free”, now just “Mostly Free”. The U.S. is one of only three countries in the world that have dropped for five straight years, a total loss of more than 5 points.

Predictably, we have less prosperity – the rich have gotten richer, the middle class poorer – we have low growth and more people on the edge of poverty. For the first time in history the U.S. has dropped out of the top 10 on the Legatum Institute’s prosperity index.

The only good news is that people realize that we are headed in the wrong direction. By more than 2:1 margins, polls show that we are on the wrong track. The cure is to restore the economic freedom that made us the greatest country on earth.

The Economy Has Tanked Under Obama

Some facts about the economy since Obama became President:

  • Seven out of every eight jobs that have been “created” in the U.S. economy have been part-time jobs.
  • The number of full-time workers in the United States is still nearly 6 million below the old record that was set back in 2007.
  • The number of Americans “not in the labor force” soared by an astounding 8,332,000.  That far exceeds any previous four year total.
  • The poverty rate has shot up to 16.1 percent.  That is actually higher than when the War on Poverty began in 1965.

 

Obama’s economy – still down

If this is a recovery, what would a slowdown be like?

  • Median family income is down 4.4% from when the recession “ended”
    • Black households are down 11%
    • Hispanics down 4.5%
    • Single moms down 7.5%
    • Families with three or more children down 9.2%
  • Gallup’s unemployment measure jumped to 8.6% versus 7.7% four weeks ago
  • The share of underemployed climbed to 17.7%
  • The payroll-to-population ratio dropped to an unsustainable 43.8%, from 63.5% in January 2010

We keep hearing economists say the economy is “firming up” and it’s poised for growth soon. What we see instead is an economy that, thanks to this administration’s misguided policies, has fallen and can’t get up.