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	<title>Minor Thoughts &#187; Elections</title>
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	<link>http://minorthoughts.com</link>
	<description>In this present crisis, government is not the solution to our problem; government is the problem.</description>
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		<title><![CDATA[It&#8217;s Time To Bring Some Sanity To Campaign Finance Laws &raquo;]]></title>
		<link>http://www.minorthoughts.com/feeder/?FeederAction=clicked&amp;feed=Articles+%28RSS2%29&amp;seed=http%3A%2F%2Fminorthoughts.com%2Fpolitics%2Fits-time-to-bring-some-sanity-to-campaign-finance-laws%2F&amp;seed_title=%3C%21%5BCDATA%5BIt%26%238217%3Bs+Time+To+Bring+Some+Sanity+To+Campaign+Finance+Laws+%26raquo%3B%5D%5D%3E</link>
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		<pubDate>Thu, 15 Dec 2011 14:00:00 +0000</pubDate>
		<dc:creator>Joe Martin</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[campaign finance reform]]></category>
		<category><![CDATA[Elections]]></category>
		<category><![CDATA[free speech]]></category>

		<guid isPermaLink="false">http://minorthoughts.desertflood.com/?p=3170</guid>
		<description><![CDATA[<p>David M. Primo talks about how campaign finance laws work to restrict free speech.</p>

<blockquote>
  <p>This past election when Dina Galassini emailed some friends urging them to join her in opposing a ballot initiative proposing $30 million in bonds for the town of Fountain Hills, Ariz., she thought she was doing what Americans have done throughout our nation’s history—speaking out on matters of public concern.  Instead, she received a letter from a town clerk strongly urging her to “cease any campaign related activities.”  It turns out she failed to fill out the paperwork required by Arizona’s campaign finance laws and therefore didn’t have the government’s permission to speak.</p>
  
  <p>Under Arizona law, as in most states, anytime two or more people work together to support or oppose a ballot issue, they become a “political committee.”  Even before they speak, they must register with the state, and then they must track every penny they spend, and if spending more than a small amount, fill out complicated reports detailing every move.</p>
</blockquote>

<p>Worse yet, these laws do nothing to help educate voters. They&#8217;re worthless, they&#8217;re unconstitutional, and they&#8217;re keeping citizens from becoming involved in politics.</p>

<p>I honestly don&#8217;t understand why &#8220;progressives&#8221; think that these laws are such a great idea. Why is it okay for me to be involved in politics by myself but not okay for me and 10 or 100 or 1,000 or even 10,000 people to pool our time, resources, energy, and money together, to promote or oppose an idea?</p>
]]></description>
			<content:encoded><![CDATA[<p>David M. Primo talks about how campaign finance laws work to restrict free speech.</p>

<blockquote>
  <p>This past election when Dina Galassini emailed some friends urging them to join her in opposing a ballot initiative proposing $30 million in bonds for the town of Fountain Hills, Ariz., she thought she was doing what Americans have done throughout our nation’s history—speaking out on matters of public concern.  Instead, she received a letter from a town clerk strongly urging her to “cease any campaign related activities.”  It turns out she failed to fill out the paperwork required by Arizona’s campaign finance laws and therefore didn’t have the government’s permission to speak.</p>
  
  <p>Under Arizona law, as in most states, anytime two or more people work together to support or oppose a ballot issue, they become a “political committee.”  Even before they speak, they must register with the state, and then they must track every penny they spend, and if spending more than a small amount, fill out complicated reports detailing every move.</p>
</blockquote>

<p>Worse yet, these laws do nothing to help educate voters. They&#8217;re worthless, they&#8217;re unconstitutional, and they&#8217;re keeping citizens from becoming involved in politics.</p>

<p>I honestly don&#8217;t understand why &#8220;progressives&#8221; think that these laws are such a great idea. Why is it okay for me to be involved in politics by myself but not okay for me and 10 or 100 or 1,000 or even 10,000 people to pool our time, resources, energy, and money together, to promote or oppose an idea?</p>
<p><a href="http://www.forbes.com/sites/realspin/2011/12/13/its-time-to-bring-some-sanity-to-campaign-finance-laws/" title="Link to original article" rel="bookmark">Visit This Link &#8594;</a>
</p>]]></content:encoded>
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		<slash:comments>0</slash:comments>
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		<title><![CDATA[In Spite of All That Cash, Unions Came Up Short &raquo;]]></title>
		<link>http://www.minorthoughts.com/feeder/?FeederAction=clicked&amp;feed=Articles+%28RSS2%29&amp;seed=http%3A%2F%2Fminorthoughts.desertflood.com%2Fpolitics%2Fin-spite-of-all-that-cash-unions-came-up-short%2F&amp;seed_title=%3C%21%5BCDATA%5BIn+Spite+of+All+That+Cash%2C+Unions+Came+Up+Short+%26raquo%3B%5D%5D%3E</link>
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		<pubDate>Wed, 10 Aug 2011 11:46:50 +0000</pubDate>
		<dc:creator>Joe Martin</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Elections]]></category>
		<category><![CDATA[wisconsin]]></category>

		<guid isPermaLink="false">http://minorthoughts.desertflood.com/politics/in-spite-of-all-that-cash-unions-came-up-short/</guid>
		<description><![CDATA[<blockquote>
  <p>For months, unions have told us that after their state-senate recall efforts in Wisconsin, lawmakers would learn not to scale back their collective-bargaining “rights.” The recalls would warn any state thinking about passing a law like Governor Walker’s to think again. Yet after Tuesday night’s recall elections, only one lesson is perfectly clear: It’s probably not a good idea to cheat on your wife.</p>
</blockquote>
]]></description>
			<content:encoded><![CDATA[<blockquote>
  <p>For months, unions have told us that after their state-senate recall efforts in Wisconsin, lawmakers would learn not to scale back their collective-bargaining “rights.” The recalls would warn any state thinking about passing a law like Governor Walker’s to think again. Yet after Tuesday night’s recall elections, only one lesson is perfectly clear: It’s probably not a good idea to cheat on your wife.</p>
</blockquote>
<p><a href="http://www.nationalreview.com/corner/274204/spite-all-cash-unions-came-short-christian-schneider" title="Link to original article" rel="bookmark">Visit This Link &#8594;</a>
</p>]]></content:encoded>
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		<slash:comments>0</slash:comments>
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		<title><![CDATA[Obama crafts an executive order to get around the Citizens United ruling &raquo;]]></title>
		<link>http://www.minorthoughts.com/feeder/?FeederAction=clicked&amp;feed=Articles+%28RSS2%29&amp;seed=http%3A%2F%2Fminorthoughts.desertflood.com%2Fpolitics%2Fobama-crafts-an-executive-order-to-get-around-the-citizens-united-ruling%2F&amp;seed_title=%3C%21%5BCDATA%5BObama+crafts+an+executive+order+to+get+around+the+Citizens+United+ruling+%26raquo%3B%5D%5D%3E</link>
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		<pubDate>Thu, 21 Apr 2011 14:26:10 +0000</pubDate>
		<dc:creator>Joe Martin</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[campaign finance reform]]></category>
		<category><![CDATA[Elections]]></category>

		<guid isPermaLink="false">http://minorthoughts.desertflood.com/?p=2801</guid>
		<description><![CDATA[<p>Many people opposed the Wisconsin &#8220;union busting&#8221; bill because it was (so they believed) aimed solely at depriving the state Democrats of funding.</p>

<p>Question: using the same reasoning, do you oppose President Obama&#8217;s planned executive order? Or is it only wrong when Republicans do it?</p>

<p>(Note: I still disagree with that characterization of Governor Walker&#8217;s budget repair bill. But I&#8217;m interested in the thinking of those that disagree with me.)</p>
]]></description>
			<content:encoded><![CDATA[<p>Many people opposed the Wisconsin &#8220;union busting&#8221; bill because it was (so they believed) aimed solely at depriving the state Democrats of funding.</p>

<p>Question: using the same reasoning, do you oppose President Obama&#8217;s planned executive order? Or is it only wrong when Republicans do it?</p>

<p>(Note: I still disagree with that characterization of Governor Walker&#8217;s budget repair bill. But I&#8217;m interested in the thinking of those that disagree with me.)</p>
<p><a href="http://dailycaller.com/2011/04/20/obama-crafts-an-executive-order-to-get-around-the-citizens-united-ruling/" title="Link to original article" rel="bookmark">Visit This Link &#8594;</a>
</p>]]></content:encoded>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Political Civility: An Idea that Time Forgot?</title>
		<link>http://www.minorthoughts.com/feeder/?FeederAction=clicked&amp;feed=Articles+%28RSS2%29&amp;seed=http%3A%2F%2Fminorthoughts.desertflood.com%2Fpolitics%2Fbefore-attack-ads%2F&amp;seed_title=Political+Civility%3A+An+Idea+that+Time+Forgot%3F</link>
		<comments>http://www.minorthoughts.com/feeder/?FeederAction=clicked&#038;feed=Articles+%28RSS2%29&#038;seed=http%3A%2F%2Fminorthoughts.desertflood.com%2Fpolitics%2Fbefore-attack-ads%2F&#038;seed_title=Political+Civility%3A+An+Idea+that+Time+Forgot%3F#comments</comments>
		<pubDate>Fri, 29 Oct 2010 14:50:39 +0000</pubDate>
		<dc:creator>Joe Martin</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Elections]]></category>

		<guid isPermaLink="false">http://minorthoughts.desertflood.com/?p=2066</guid>
		<description><![CDATA[<p>If you hanker for a more civilized era in politics, this snappy video will give you what you&#8217;re looking for.</p>

<iframe class="youtube-player" type="text/html" width="640" height="385" src="http://www.youtube.com/embed/Y_zTN4BXvYI" frameborder="0">
</iframe>

<p>For more on this, check out a Minor Thoughts favorite: <a href="http://www.amazon.com/Scandalmonger-Harvest-Book-William-Safire/dp/0156013231/s=books&amp;qid=1288363688&amp;sr=1-1-catcorr">Scandalmonger</a>. (Though I have no idea why the paperback edition is $11.90 and the Kindle edition is $17.99. It&#8217;s sheer highway robbery, if you ask me.)</p>
]]></description>
			<content:encoded><![CDATA[<p>If you hanker for a more civilized era in politics, this snappy video will give you what you&#8217;re looking for.</p>

<iframe class="youtube-player" type="text/html" width="640" height="385" src="http://www.youtube.com/embed/Y_zTN4BXvYI" frameborder="0">
</iframe>

<p>For more on this, check out a Minor Thoughts favorite: <a href="http://www.amazon.com/Scandalmonger-Harvest-Book-William-Safire/dp/0156013231/s=books&amp;qid=1288363688&amp;sr=1-1-catcorr">Scandalmonger</a>. (Though I have no idea why the paperback edition is $11.90 and the Kindle edition is $17.99. It&#8217;s sheer highway robbery, if you ask me.)</p>
<p></p>]]></content:encoded>
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		<slash:comments>4</slash:comments>
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		<item>
		<title>How Many &#8220;Flood&#8221; Synonyms Do You Know?</title>
		<link>http://www.minorthoughts.com/feeder/?FeederAction=clicked&amp;feed=Articles+%28RSS2%29&amp;seed=http%3A%2F%2Fminorthoughts.desertflood.com%2Fgovernment%2Ffloods-of-foreign-money%2F&amp;seed_title=How+Many+%26%238220%3BFlood%26%238221%3B+Synonyms+Do+You+Know%3F</link>
		<comments>http://www.minorthoughts.com/feeder/?FeederAction=clicked&#038;feed=Articles+%28RSS2%29&#038;seed=http%3A%2F%2Fminorthoughts.desertflood.com%2Fgovernment%2Ffloods-of-foreign-money%2F&#038;seed_title=How+Many+%26%238220%3BFlood%26%238221%3B+Synonyms+Do+You+Know%3F#comments</comments>
		<pubDate>Thu, 28 Oct 2010 15:43:13 +0000</pubDate>
		<dc:creator>Joe Martin</dc:creator>
				<category><![CDATA[Government]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Elections]]></category>

		<guid isPermaLink="false">http://minorthoughts.desertflood.com/?p=2058</guid>
		<description><![CDATA[<p><a href="http://www.nationalreview.com/corner/251322/how-many-flood-synonyms-do-you-know-allison-hayward">How Many &lsquo;Flood&rsquo; Synonyms Do You Know?</a></p>

<blockquote>
  <p>Well, given the fit of pique being thrown by most political reporters, the thesaurus isn&rsquo;t adequate to describe the sums of money being spent this election cycle. <a href="http://www.latimes.com/news/nationworld/nation/la-na-campaign-finance-20101028,0,5077420.story">Four billion dollars</a>? Yes, it is a lot, but consider the stakes. Here&rsquo;s another interesting number: $414 billion &mdash; the interest the Treasury paid on our national debt this year. Worried about foreign money? Try that on for size.</p>
  
  <p><em>Allison Hayward is the vice president of policy at the Center for Competitive Politics, a nonpartisan, nonprofit group dedicated to protecting First Amendment political rights.</em></p>
</blockquote>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.nationalreview.com/corner/251322/how-many-flood-synonyms-do-you-know-allison-hayward">How Many &lsquo;Flood&rsquo; Synonyms Do You Know?</a></p>

<blockquote>
  <p>Well, given the fit of pique being thrown by most political reporters, the thesaurus isn&rsquo;t adequate to describe the sums of money being spent this election cycle. <a href="http://www.latimes.com/news/nationworld/nation/la-na-campaign-finance-20101028,0,5077420.story">Four billion dollars</a>? Yes, it is a lot, but consider the stakes. Here&rsquo;s another interesting number: $414 billion &mdash; the interest the Treasury paid on our national debt this year. Worried about foreign money? Try that on for size.</p>
  
  <p><em>Allison Hayward is the vice president of policy at the Center for Competitive Politics, a nonpartisan, nonprofit group dedicated to protecting First Amendment political rights.</em></p>
</blockquote>
<p></p>]]></content:encoded>
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		<slash:comments>0</slash:comments>
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		<title>David Obey is Out</title>
		<link>http://www.minorthoughts.com/feeder/?FeederAction=clicked&amp;feed=Articles+%28RSS2%29&amp;seed=http%3A%2F%2Fminorthoughts.desertflood.com%2Fpolitics%2Fdavid-obey-is-out%2F&amp;seed_title=David+Obey+is+Out</link>
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		<pubDate>Wed, 05 May 2010 17:11:32 +0000</pubDate>
		<dc:creator>Joe Martin</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[David Obey]]></category>
		<category><![CDATA[Elections]]></category>
		<category><![CDATA[wisconsin]]></category>

		<guid isPermaLink="false">http://minorthoughts.com/?p=1849</guid>
		<description><![CDATA[<p>Holy cow. The Wisconsin Democrat is calling it quits:</p>

<blockquote>
  <p>In a major blow to Democrats, House Appropriations Committee Chairman David Obey has told close associates that he will not seek re-election and an announcement of his plans is expected as early as Wednesday.</p>
  
  <p>The Wisconsin Democrat faces tough poll numbers at home but until Tuesday night his staff had insisted he was running aggressively and had hired campaign staff. But a person close to him confirmed the decision to POLITICO Wednesday and said Obey was preparing to make a statement.</p>
</blockquote>

<p>via <a href="http://corner.nationalreview.com/post/?q=ZjA4MmNlYjE1MjZjMjcxZmQ2YmM1ZGNjNzVmNjVmYWI=">Obey Won&#8217;t Seek Re-election &#8211; Daniel Foster &#8211; The Corner on National Review Online</a>.</p>

<p>Seeing as how I think the House Appropriations Committee is full of the most arrogant, big spending collection of corruptocrats in the entire Congress and seeing as how Congressman Obey was their Chairman &#8212; you might say that I&#8217;m elated at this news.</p>
]]></description>
			<content:encoded><![CDATA[<p>Holy cow. The Wisconsin Democrat is calling it quits:</p>

<blockquote>
  <p>In a major blow to Democrats, House Appropriations Committee Chairman David Obey has told close associates that he will not seek re-election and an announcement of his plans is expected as early as Wednesday.</p>
  
  <p>The Wisconsin Democrat faces tough poll numbers at home but until Tuesday night his staff had insisted he was running aggressively and had hired campaign staff. But a person close to him confirmed the decision to POLITICO Wednesday and said Obey was preparing to make a statement.</p>
</blockquote>

<p>via <a href="http://corner.nationalreview.com/post/?q=ZjA4MmNlYjE1MjZjMjcxZmQ2YmM1ZGNjNzVmNjVmYWI=">Obey Won&#8217;t Seek Re-election &#8211; Daniel Foster &#8211; The Corner on National Review Online</a>.</p>

<p>Seeing as how I think the House Appropriations Committee is full of the most arrogant, big spending collection of corruptocrats in the entire Congress and seeing as how Congressman Obey was their Chairman &#8212; you might say that I&#8217;m elated at this news.</p>
<p></p>]]></content:encoded>
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		<title>What &quot;The System is Broken&quot; Really Means</title>
		<link>http://www.minorthoughts.com/feeder/?FeederAction=clicked&amp;feed=Articles+%28RSS2%29&amp;seed=http%3A%2F%2Fminorthoughts.desertflood.com%2Fpolitics%2Fwhat-the-system-is-broken-really-means%2F&amp;seed_title=What+%26quot%3BThe+System+is+Broken%26quot%3B+Really+Means</link>
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		<pubDate>Fri, 30 Apr 2010 22:30:46 +0000</pubDate>
		<dc:creator>Joe Martin</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Charlie Crist]]></category>
		<category><![CDATA[Elections]]></category>

		<guid isPermaLink="false">http://minorthoughts.com/?p=1788</guid>
		<description><![CDATA[<p><a href="http://online.wsj.com/article/SB10001424052748703572504575214651796239966.html?mod=rss_Politics_And_Policy">Crist Makes Break With GOP &#8211; WSJ.com</a></p>

<blockquote>
  <p>Florida Gov. Charlie Crist formally launched his bid for a U.S. Senate seat as an independent candidate Thursday evening, abandoning the Republican primary and casting himself as the outsider in a &#8220;broken&#8221; political system.</p>
</blockquote>

<p>Apparently, the political system is &#8220;broken&#8221; because the political system no longer wants Charlie Crist. Good to know.</p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://online.wsj.com/article/SB10001424052748703572504575214651796239966.html?mod=rss_Politics_And_Policy">Crist Makes Break With GOP &#8211; WSJ.com</a></p>

<blockquote>
  <p>Florida Gov. Charlie Crist formally launched his bid for a U.S. Senate seat as an independent candidate Thursday evening, abandoning the Republican primary and casting himself as the outsider in a &#8220;broken&#8221; political system.</p>
</blockquote>

<p>Apparently, the political system is &#8220;broken&#8221; because the political system no longer wants Charlie Crist. Good to know.</p>
<p></p>]]></content:encoded>
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		<title>Your dividend taxes are going up</title>
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		<pubDate>Thu, 29 Apr 2010 22:30:14 +0000</pubDate>
		<dc:creator>Joe Martin</dc:creator>
				<category><![CDATA[Government]]></category>
		<category><![CDATA[Elections]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[Russ Feingold]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://minorthoughts.com/?p=1746</guid>
		<description><![CDATA[<p><a href="http://online.wsj.com/article/SB10001424052748703709804575202481173165478.html?mod=rss_Today's_Most_Popular">The Dividend Tax Bill Arrives &#8211; WSJ.com</a></p>

<blockquote>
  <p>As the big tax increase day of January 1, 2011 approaches, the Democrats running Congress are beginning to lay out their priorities. Get ready for bigger rate increases than previously advertised.</p>
  
  <p>Last week the Senate Budget Committee passed a fiscal 2011 budget resolution that includes an increase in the top tax rate on dividends to 39.6% from the current 15%—a 164% increase. This blows past the 20% rate that President Obama proposed in his 2011 budget and which his economic advisers promised on these pages in 2008.</p>
  
  <p>(See &#8220;The Obama Tax Plan,&#8221; August 14, 2008, by Jason Furman and Austan Goolsbee: &#8220;The tax rate on dividends would also be 20% for families making more than $250,000, rather than returning to the ordinary income rate.&#8221;)</p>
  
  <p>And that&#8217;s only for starters. The recent health-care bill includes a 3.8% surcharge on all investment income, including dividends, beginning in 2013. This would nearly triple the top dividend rate to 43.4% in Mr. Obama&#8217;s four years as President.</p>
</blockquote>

<p>Do you think this will</p>

<p>a) encourage me to put more money into the stock market<br />
b) encourage me to put my money somewhere else<br />
c) encourage companies to pay out more money as dividends to stockholders<br />
d) encourage companies to put their money somewhere else<br />
e) both &#8220;b&#8221; and &#8220;d&#8221;</p>

<p>If you said &#8220;e&#8221;, you&#8217;re right. And, when the economy keeps failing to recover from the recession, you may try asking Nancy Pelois, Harry Reid, and President Obama if they have any idea what could have caused people to just sit on their money for a while. If you have a 401(k) account, you might also try asking them why they&#8217;re trying to torch your retirement savings.</p>

<p>Finally, if you live in Wisconsin, you may want to give Senator Russ Feingold a call. He&#8217;s up for re-election this year and he sits on the Senate Budget Committee. You might want to put those questions to him too. You can reach his local, Madison, office at (608) 828-1200. If you&#8217;d prefer email, his address is <a href="mailto:russell_feingold@feingold.senate.gov">russell_feingold@feingold.senate.gov</a>. If you&#8217;d prefer snail mail, you can send it to:</p>

<p>1600 Aspen Commons<br />
Middleton, WI 53562-4716</p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://online.wsj.com/article/SB10001424052748703709804575202481173165478.html?mod=rss_Today's_Most_Popular">The Dividend Tax Bill Arrives &#8211; WSJ.com</a></p>

<blockquote>
  <p>As the big tax increase day of January 1, 2011 approaches, the Democrats running Congress are beginning to lay out their priorities. Get ready for bigger rate increases than previously advertised.</p>
  
  <p>Last week the Senate Budget Committee passed a fiscal 2011 budget resolution that includes an increase in the top tax rate on dividends to 39.6% from the current 15%—a 164% increase. This blows past the 20% rate that President Obama proposed in his 2011 budget and which his economic advisers promised on these pages in 2008.</p>
  
  <p>(See &#8220;The Obama Tax Plan,&#8221; August 14, 2008, by Jason Furman and Austan Goolsbee: &#8220;The tax rate on dividends would also be 20% for families making more than $250,000, rather than returning to the ordinary income rate.&#8221;)</p>
  
  <p>And that&#8217;s only for starters. The recent health-care bill includes a 3.8% surcharge on all investment income, including dividends, beginning in 2013. This would nearly triple the top dividend rate to 43.4% in Mr. Obama&#8217;s four years as President.</p>
</blockquote>

<p>Do you think this will</p>

<p>a) encourage me to put more money into the stock market<br />
b) encourage me to put my money somewhere else<br />
c) encourage companies to pay out more money as dividends to stockholders<br />
d) encourage companies to put their money somewhere else<br />
e) both &#8220;b&#8221; and &#8220;d&#8221;</p>

<p>If you said &#8220;e&#8221;, you&#8217;re right. And, when the economy keeps failing to recover from the recession, you may try asking Nancy Pelois, Harry Reid, and President Obama if they have any idea what could have caused people to just sit on their money for a while. If you have a 401(k) account, you might also try asking them why they&#8217;re trying to torch your retirement savings.</p>

<p>Finally, if you live in Wisconsin, you may want to give Senator Russ Feingold a call. He&#8217;s up for re-election this year and he sits on the Senate Budget Committee. You might want to put those questions to him too. You can reach his local, Madison, office at (608) 828-1200. If you&#8217;d prefer email, his address is <a href="mailto:russell_feingold@feingold.senate.gov">russell_feingold@feingold.senate.gov</a>. If you&#8217;d prefer snail mail, you can send it to:</p>

<p>1600 Aspen Commons<br />
Middleton, WI 53562-4716</p>
<p></p>]]></content:encoded>
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		<title>Failed Economic Policies</title>
		<link>http://www.minorthoughts.com/feeder/?FeederAction=clicked&amp;feed=Articles+%28RSS2%29&amp;seed=http%3A%2F%2Fminorthoughts.desertflood.com%2Fpolitics%2Ffailed-economic-policies%2F&amp;seed_title=Failed+Economic+Policies</link>
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		<pubDate>Fri, 31 Oct 2008 19:45:41 +0000</pubDate>
		<dc:creator>Joe Martin</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Elections]]></category>
		<category><![CDATA[socialism]]></category>

		<guid isPermaLink="false">http://minorthoughts.com/politics/failed-economic-policies/</guid>
		<description><![CDATA[<p>Quote of the day.</p>

<blockquote>
  <p>Obama laughs off the charge of socialist behavior &#8212; and to be fair, socialism isn&#8217;t the precise term to affix to his ideas. It&#8217;s more like Robin Hood economics. On a recent campaign stop, Obama joked that, by the end of the week, McCain would be accusing him &#8220;of being a secret communist because I shared my toys in kindergarten.&#8221;</p>
  
  <p>A funny line. But, of course, Obama&#8217;s lofty intellect must comprehend the fundamental difference between sharing your G.I. Joe with a friend and having a bully snatch your G.I. Joe for the collective, prepubescent good. It&#8217;s the difference between coercion and free association and trade. In practical terms, it&#8217;s the difference between government cheese and a meal at Ruth&#8217;s Chris.</p>
  
  <p>Now, I&#8217;m not suggesting Obama intends to transform this nation into 1950s-era Soviet tyranny or that he will possess the power to do so. I&#8217;m suggesting Obama is praising and mainstreaming an economic philosophy that has failed to produce a scintilla of fairness or prosperity anywhere on Earth. Ever.</p>
</blockquote>

<ul>
<li><a href="http://www.denverpost.com/harsanyi/ci_10859779">If it redistributes like a duck&#8230; &#8211; The Denver Post</a></li>
</ul>
]]></description>
			<content:encoded><![CDATA[<p>Quote of the day.</p>

<blockquote>
  <p>Obama laughs off the charge of socialist behavior &#8212; and to be fair, socialism isn&#8217;t the precise term to affix to his ideas. It&#8217;s more like Robin Hood economics. On a recent campaign stop, Obama joked that, by the end of the week, McCain would be accusing him &#8220;of being a secret communist because I shared my toys in kindergarten.&#8221;</p>
  
  <p>A funny line. But, of course, Obama&#8217;s lofty intellect must comprehend the fundamental difference between sharing your G.I. Joe with a friend and having a bully snatch your G.I. Joe for the collective, prepubescent good. It&#8217;s the difference between coercion and free association and trade. In practical terms, it&#8217;s the difference between government cheese and a meal at Ruth&#8217;s Chris.</p>
  
  <p>Now, I&#8217;m not suggesting Obama intends to transform this nation into 1950s-era Soviet tyranny or that he will possess the power to do so. I&#8217;m suggesting Obama is praising and mainstreaming an economic philosophy that has failed to produce a scintilla of fairness or prosperity anywhere on Earth. Ever.</p>
</blockquote>

<ul>
<li><a href="http://www.denverpost.com/harsanyi/ci_10859779">If it redistributes like a duck&#8230; &#8211; The Denver Post</a></li>
</ul>
<p></p>]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Don&#039;t Freeze the Future</title>
		<link>http://www.minorthoughts.com/feeder/?FeederAction=clicked&amp;feed=Articles+%28RSS2%29&amp;seed=http%3A%2F%2Fminorthoughts.desertflood.com%2Feconomics%2Fdont-freeze-the-future%2F&amp;seed_title=Don%26%23039%3Bt+Freeze+the+Future</link>
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		<pubDate>Wed, 29 Oct 2008 20:45:33 +0000</pubDate>
		<dc:creator>Joe Martin</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Elections]]></category>
		<category><![CDATA[president08]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://minorthoughts.com/economics/dont-freeze-the-future/</guid>
		<description><![CDATA[<p>Life is full of risk. No matter how hard we try, we can&#8217;t eliminate that risk. Nor should we. Risk leads directly to rewards. Not all of the time. Sometimes risk leads to failure. But those failures teach us what we need to know in order to reach the rewards. More than that, it&#8217;s impossible to reach a reward without taking a risk along the way.</p>

<p>Each crisis that comes along gives us a chance to learn a lesson and reach for a bigger reward. But we have another option. Instead of striving forward, we can cower in fear of what&#8217;s around the bend. Instead of striving forward, we can attempt to stay exactly where we are, praying that things don&#8217;t get worse.</p>

<p>That&#8217;s where we are with this election. Michael Barone wrote today about <a href="http://article.nationalreview.com/?q=ZjdhNjYwMTA4N2IwMmMzZjNmYzE3ODc0YTM1MGY5NzE=">Obama&#8217;s vision for the country</a>. It&#8217;s a vision of fear. It&#8217;s a vision that says we need to freeze things where they are, before they get any worse. It&#8217;s a vision that seeks to remove all risk by franctically holding tight to what we have. It&#8217;s a vision that just may prevent us from getting poorer. But it&#8217;s also a vision that we&#8217;ll ensure that we don&#8217;t get richer.</p>

<p>Is this the vision you want?</p>

<blockquote>
  <p>The purpose of New Deal legislation was not, as commonly thought, to restore economic growth but rather to freeze the economy in place at a time when it seemed locked in a downward spiral. Its central program, the National Recovery Administration (NRA), created 700 industry councils for firms and unions to set minimum prices and wages. The Agricultural Adjustment Act (AAA), the ancestor of our farm bills, limited production to hold up prices. Unionization, encouraged by NRA and the 1935 Wagner Act, was meant to keep workers in jobs that the unemployed would have taken at lower pay.</p>
  
  <p>These policies did break the downward spiral. But, as Amity Shlaes points out in The Forgotten Man, they failed to restore growth. Double-digit unemployment continued throughout the 1930s; despite population growth, the economy failed to rebound to 1920s production levels. High taxes on high earners (a Herbert Hoover as well as Franklin Roosevelt policy) financed welfare payments (&#8220;spread the wealth around&#8221;) but reduced investment and growth.</p>
  
  <p>Obama seems determined to follow policies better suited to freezing the economy in place than to promoting economic growth. Higher taxes on high earners, for one. He told Charlie Gibson he would raise capital-gains taxes even if that reduced revenue: less wealth to spread around, but at least the rich wouldn&#8217;t have it &#8212; reminiscent of the Puritan sumptuary laws that prohibited the wearing of silk. Moves toward protectionism like Hoover&#8217;s (Roosevelt had the good sense to promote free trade). National health insurance that threatens to lead to rationing and to stifle innovation. Promoting unionization by abolishing secret ballot union elections.</p>
  
  <p>Roosevelt in the 1930s had some extremely competent social engineers, like Harry Hopkins, Harold Ickes and Fiorello LaGuardia, who could enroll 750,000 people on welfare in three weeks and build an airport in less than a year. But even they could not spur the economic growth produced by utterly unknown and unconnected people, as Warren Buffett and Bill Gates were in 1970.</p>
</blockquote>

<p>Reject social engineering. Reject the temptation to believe that somewhere out there is some One that can lead us into a brighter tomorrow. No One person can understand the American economy well enough to plan a brighter tomorrow. We only have one hope. And I won&#8217;t lie: it entails risk.</p>

<p>We must place our hope in the thousands of inventors and entrepreneurs that will create the world of tomorrow. We don&#8217;t know who they are. We don&#8217;t know what they&#8217;ll create. We don&#8217;t know where they&#8217;ll come from or where they&#8217;ll take us. But if American history teaches us one thing, it teaches us this. The American entreprenurial spirit will take us somewhere we never expected, somewhere we never could have imagined, but somewhere far better than we dared dream. Just contrast the world of 1908 with the world of 2008. Wasn&#8217;t it worth a little risk? Even with a Great Depression in the middle, didn&#8217;t it turn out far better than our great-grandparents would have ever dreamed?</p>

<p>Reject fear and embrace hope. Reject those who would tie our economy down with new rules, with new regulations, with new concepts of &#8220;fairness&#8221;. Embrace change, embrace risk, and look forward to the future with confidence. Looking back, I see no reason to fear looking forward.</p>
]]></description>
			<content:encoded><![CDATA[<p>Life is full of risk. No matter how hard we try, we can&#8217;t eliminate that risk. Nor should we. Risk leads directly to rewards. Not all of the time. Sometimes risk leads to failure. But those failures teach us what we need to know in order to reach the rewards. More than that, it&#8217;s impossible to reach a reward without taking a risk along the way.</p>

<p>Each crisis that comes along gives us a chance to learn a lesson and reach for a bigger reward. But we have another option. Instead of striving forward, we can cower in fear of what&#8217;s around the bend. Instead of striving forward, we can attempt to stay exactly where we are, praying that things don&#8217;t get worse.</p>

<p>That&#8217;s where we are with this election. Michael Barone wrote today about <a href="http://article.nationalreview.com/?q=ZjdhNjYwMTA4N2IwMmMzZjNmYzE3ODc0YTM1MGY5NzE=">Obama&#8217;s vision for the country</a>. It&#8217;s a vision of fear. It&#8217;s a vision that says we need to freeze things where they are, before they get any worse. It&#8217;s a vision that seeks to remove all risk by franctically holding tight to what we have. It&#8217;s a vision that just may prevent us from getting poorer. But it&#8217;s also a vision that we&#8217;ll ensure that we don&#8217;t get richer.</p>

<p>Is this the vision you want?</p>

<blockquote>
  <p>The purpose of New Deal legislation was not, as commonly thought, to restore economic growth but rather to freeze the economy in place at a time when it seemed locked in a downward spiral. Its central program, the National Recovery Administration (NRA), created 700 industry councils for firms and unions to set minimum prices and wages. The Agricultural Adjustment Act (AAA), the ancestor of our farm bills, limited production to hold up prices. Unionization, encouraged by NRA and the 1935 Wagner Act, was meant to keep workers in jobs that the unemployed would have taken at lower pay.</p>
  
  <p>These policies did break the downward spiral. But, as Amity Shlaes points out in The Forgotten Man, they failed to restore growth. Double-digit unemployment continued throughout the 1930s; despite population growth, the economy failed to rebound to 1920s production levels. High taxes on high earners (a Herbert Hoover as well as Franklin Roosevelt policy) financed welfare payments (&#8220;spread the wealth around&#8221;) but reduced investment and growth.</p>
  
  <p>Obama seems determined to follow policies better suited to freezing the economy in place than to promoting economic growth. Higher taxes on high earners, for one. He told Charlie Gibson he would raise capital-gains taxes even if that reduced revenue: less wealth to spread around, but at least the rich wouldn&#8217;t have it &#8212; reminiscent of the Puritan sumptuary laws that prohibited the wearing of silk. Moves toward protectionism like Hoover&#8217;s (Roosevelt had the good sense to promote free trade). National health insurance that threatens to lead to rationing and to stifle innovation. Promoting unionization by abolishing secret ballot union elections.</p>
  
  <p>Roosevelt in the 1930s had some extremely competent social engineers, like Harry Hopkins, Harold Ickes and Fiorello LaGuardia, who could enroll 750,000 people on welfare in three weeks and build an airport in less than a year. But even they could not spur the economic growth produced by utterly unknown and unconnected people, as Warren Buffett and Bill Gates were in 1970.</p>
</blockquote>

<p>Reject social engineering. Reject the temptation to believe that somewhere out there is some One that can lead us into a brighter tomorrow. No One person can understand the American economy well enough to plan a brighter tomorrow. We only have one hope. And I won&#8217;t lie: it entails risk.</p>

<p>We must place our hope in the thousands of inventors and entrepreneurs that will create the world of tomorrow. We don&#8217;t know who they are. We don&#8217;t know what they&#8217;ll create. We don&#8217;t know where they&#8217;ll come from or where they&#8217;ll take us. But if American history teaches us one thing, it teaches us this. The American entreprenurial spirit will take us somewhere we never expected, somewhere we never could have imagined, but somewhere far better than we dared dream. Just contrast the world of 1908 with the world of 2008. Wasn&#8217;t it worth a little risk? Even with a Great Depression in the middle, didn&#8217;t it turn out far better than our great-grandparents would have ever dreamed?</p>

<p>Reject fear and embrace hope. Reject those who would tie our economy down with new rules, with new regulations, with new concepts of &#8220;fairness&#8221;. Embrace change, embrace risk, and look forward to the future with confidence. Looking back, I see no reason to fear looking forward.</p>
<p></p>]]></content:encoded>
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