France’s credit rating, that is. “Standard & Poor’s has downgraded France’s credit rating, French TV reported Friday, while several euro zone countries face the same fate later in the day, according to reports.” Maybe because that “strict” 2012 budget France passed still had a budget deficit of 4.5% of GDP, despite the EU having a “limit” (in much the same way the Professional Wrestling has a “limit” on fouls) of 3.0%.
I had a maid service come clean my house in advance of a family event I’m hosting this weekend. It’s amazing the difference between “Bachelor Clean” and “Clean Clean.” It’s almost as big as the difference between “Obama Smart” and “Actually Smart”…
Rick Perry tears into “Big Government Conservatism.”
Comptroller Susan Combs denies a wind farm subsidy. Personally I’d end all “green subsidies.” Let the market pick energy winners and losers, not government.
If we build the Raspberry Pi in Britain, we have to pay a lot more tax. If a British company imports components, it has to pay tax on those (and most components are not made in the UK). If, however, a completed device is made abroad and imported into the UK – with all of those components soldered onto it – it does not attract any import duty at all. This means that it’s really, really tax inefficient for an electronics company to do its manufacturing in Britain, and it’s one of the reasons that so much of our manufacturing goes overseas. Right now, the way things stand means that a company doing its manufacturing abroad, depriving the UK economy, gets a tax break. It’s an absolutely mad way for the Inland Revenue to be running things.
After blowing over half a billion dollars in taxpayer funds, Obama’s green energy crony capitalism favorites are asking the bankruptcy judge to let them pay bonuses to remaining employees. And that’s on top of the hefty bonuses they paid executives right before declaring bankruptcy. Your tax dollars at work…
I expect the campaigns to start announcing Q4 fundraising results any day now, and I just sent off a list of interview questions to the Craig James campaign today. So here’s one final news roundup of the senate race before an expected avalanche of news.
Cruz, Dewhurst, Tom Leppert and James will all be appearing at a March 2 debate sponsored by The Dallas Morning News.
An interesting piece on a David Dewhurst proposal (or maybe just a trial balloon idea) for, not an illegal alien amnesty “path to citizenship,” but a path to a work visa, in which “if an undocumented/Illegal resident paid for thumb prints, criminal background checks, and verification of residence, we could grant them a two year Visa…renewable only if they have not been convicted of a felony and have paid their taxes.” I’m not sure if this is the right place to mention it. I’m not in complete agreement with the writer, but I will say that Dewhurst’s proposal is far from the worst illegal alien proposal I’ve read.
Back on October 11, I noted that Cruz had picked up the endorsements of “over 115 leaders of the Texas Federation of Republican Women.” The Cruz campaign has now upped that count to over 200 leader Republican women.
Still waiting for Democrats Paul Sadler to put up a campaign website, and Jason Gibson to put up one that’s more than a placeholder. Come on people, putting up a page with a brief bio and a donation link is not that freaking hard. With Daniel Boone not having updated his pages in over a month, maybe Sean Hubbard will capture the Democratic nomination simply because he can update his Facebook and Twitter feeds.
The race to a Euro-crackup seems to have slowed down to merely a jaunty saunter this week. Maybe once everyone made it to the New Year without a sovereign default, the Eurocrats might have breathed a sigh, confident that there’s still a few miles yet before they went over the falls…
Germany could create a parallel currency—a new D-Mark, pegged at 1.0 to the euro. The German government would guarantee that holders of German government bonds could convert euro securities to new-D-mark instruments on a one-to-one basis up to some designated date, perhaps two years in the future. Private German contracts expressed in euros would switch to new-D-mark claims over the same period. The transition would likely feature a period in which the euro and new D-mark circulate as parallel currencies.
Other countries could follow a path toward reintroduction of their own currencies over a two-year period. For example, Italy could have a new lira at 1.0 to the euro. If all the euro-zone countries followed this course, the vanishing of the euro currency in 2014 would come to resemble the disappearance of the 11 separate European moneys in 2001.
Of course, this would mean that any bonds from the PIIGS with a maturity date more than two years in the future would trade at a heavy discount, but that’s far preferable to the looming Euro crash. But a bigger problem to this proposal actually being implemented is that it reverses the drive to centralize European bureaucracy, and Eurocrats will never stand for that.
This morning former Arkansas Governor Mike Huckabee endorsed David Dewhurst’s Senate campaign.
That’s a very good pickup for Dewhurst, and along with his previous Pro-Life endorsements, it shows that he’s doing better than expected among social conservatives.
In his endorsement, Huckabee said that “Lt. Gov. Dewhurst is a strong fiscal conservative, with a record to show for it,” However, Huckabee is not exactly known as a small government conservative. As far as I can tell, Dewhurst has yet to pick up any significant small government/budget cutting/Tea Party endorsements, which thus far Ted Cruz has monopolized (as well as picking up some social conservative endorsements of his own).
The MSM loves to play up the economic-conservatives-vs.-social-conservatives angle (primarily because they hate both, and intramural GOP brawls help increased the chances of their favored liberal candidates), but the most successful conservative politicians (Ronald Reagan most conspicuously) have been fusionists that embodied policies that appealed to both. Texas voters are socially conservative, but they also love low taxes and small government. Whoever wins the GOP nomination will have to appeal to both groups.
Like a squirrel hording nuts for winter, I’ve set aside a few tasty links for you to chew on:
George Will offers up a masterful column on why big government actually increases, rather than decreases, inequality.
Liberals have a rendezvous with regret. Their largest achievement is today’s redistributionist government. But such government is inherently regressive: It tends to distribute power and money to the strong, including itself.
Government becomes big by having big ambitions for supplanting markets as society’s primary allocator of wealth and opportunity. Therefore it becomes a magnet for factions muscular enough, in money or numbers or both, to bend government to their advantage.
[snip]
Not only does redistributionist government direct wealth upward; in asserting a right to do so, it siphons power into itself. A puzzling aspect of our politically contentious era is how little contention there is about the ethics of coercive redistribution by progressive taxation and other government “corrections” of social outcomes it considers unethical or unaesthetic.
This reticence, in an age in which political reticence is rare, reflects the difficulty of articulating principled defenses of these practices. They go undefended because they are generally popular with a public that misunderstands their net effects and because the practices are the political class’s vocation today. The big winners from these practices are that class and the interests adept at collaborating with it.
Government uses redistribution to correct social outcomes that offend it. But government rarely explains, or perhaps even recognizes, the reasoning by which it decides why particular outcomes of consensual market activities are incorrect. When taxes are levied not to efficiently fund government but to impose this or that notion of distributive justice, remember: Taxes are always coerced contributions to government, which is always the first, and often the principal, beneficiary of them.
Louisiana Governor Bobby Jindel makes the case for Rick Perry:
Mark Styen on the left’s idea of empathy: “In 2008, the Left gleefully mocked Sarah Palin’s live baby. It was only a matter of time before they moved on to a dead one.”
Speaking of Steyn, here are his wishes for a Happy New Year in his usual gloomy, depressing, acerbic way.
And speaking still further of Steyn, he once noted that China will get old before it gets rich. And just what is it like to be old in China now? It really sucks. It turns out Communism’s claims of taking better care of the helpless was just as big a lie as all communism’s other claims…
“Air time will be filled instead with extended news bulletins and ‘programs that promote traditional virtues and socialist core values.'”
I don’t think you want to do that, sunshine. People like their TV, and they need something to distract them from China’s imploding economy, general unrest, specific unrest among the Muslim population, unequal sex ratios, Communist Party suppression of dissent, and the endemic corruption. You want to give them more circuses, not less. Do they really think that The Happy Socialist Progress Hour is an acceptable substitute for a popular drama or comedy, or can they just not afford circuses anymore?
And if they can no longer afford the circuses, how soon will it be before they can no longer afford the bread?
Here’s an updated list of the declared 2012 Texas senate candidate’s websites, along with any subsidiary pages that change frequently (in-the-news, press releases, etc.), along with their Facebook pages, Twitter feeds, and FEC fundraising report pages, plus any additional pages worth noting. (For example, Tom Leppert’s website provides links to his LinkedIn page, and his YouTube and Flickr streams, so I have included those here.) I’ve also tried to be flexible; Ted Cruz doesn’t have links for separate YouTube or Flickr sites, so I’ve included similar pages on his campaign page.
Consider this a one-stop research stop for lazy efficient journalists and bloggers (as well as a handy cheat-cheat for myself, since I’ve been doing extensive coverage of the race).
Where candidates have sign-up splash screens, I have omitted those to go straight to the website (or, for Facebook links, their wall).
Websites for 2012 Republican Senate Runoff Candidates
