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Dollars & Crosses
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Cross: Bush and Obama Both Put America ... Last??? (September 23, 2009)

WASHINGTON, September 23, 2009--In a recent statement by top U.S. commander Gen. Stanley McChrystal, he criticized the U.S. military for being “preoccupied with protection of our own forces” in Afghanistan. He wrote that American forces should “share risk, at least equally, with the people” of Afghanistan. What makes our leaders think that they can ever win a war with this sort of philosophy? 

“If Afghanistan now seems unwinnable, blame Bush and Obama,” writes Elan Journo, a fellow with the Ayn Rand Center. “Bush crusaded not to destroy the Taliban but to bring Afghans elections and reconstruction. Obama’s ‘new’ tack is to insist we spend billions more on nation-building and bend over backwards to safeguard the local population. Both take for granted the allegedly moral imperative of putting the lives and welfare of Afghans first--ahead of defeating the enemy to protect Americans.

“This imperative lies behind Washington’s self-crippled war--a war which could have worked to deter other jihadists and their state-sponsors, but instead encourages them to attempt further attacks.

“How many more Americans must die before we challenge this conception of a proper war?”

Posted by News Wire | Link
 



Cross: Is Opposing "Health Care Reform" a Crime? (September 22, 2009)

WASHINGTON, September 22, 2009--The Centers for Medicare and Medicaid Services recently launched an investigation into an attempt by the health insurance company Humana to enlist its customers to fight proposed cuts to Medicare Advantage. The investigation was initiated at the urging of Senator Max Baucus, who said, “It is wholly unacceptable for insurance companies to mislead seniors regarding any subject--particularly on a subject as important to them, and to the nation, as health care reform. . . . I’m not going to let insurance company profits stand in the way of improving Medicare for seniors.”

According to Don Watkins, a writer for the Ayn Rand Center, “It is painfully obvious--and alarming--that Humana is not being investigated for its ‘marketing’ practices. It is being investigated because it had the gall to challenge the assertions of a member of Congress.

“The implication of Baucus’s statement is that Humana must be investigated for in effect defrauding its customers by misleading them about the nature of Baucus’s proposal. But what did Humana’s ‘fraudulent’ claim consist of? No one disputes the fact that the budget for Medicare Advantage could be slashed under the health care bills now in Congress. The dispute is over the effects this will have. Humana claimed it could potentially lead to some of its customers losing benefits--not an unreasonable view--but Baucus insists ‘The health care reform bill we released . . . strengthens Medicare and does not cut benefits.’

“Think of what it would mean for politicians--hardly notorious for their scrupulous honesty--to be able to punish Americans because our claims about the effects of a proposed law conflict with their assertions.

In a free country, it is not a crime to question the claims of one’s political leaders. If Baucus’s action is allowed to go unchallenged, however, free speech is gravely threatened.”

Posted by News Wire | Link
 



Dollar: Individual Rights and the Tea Party Movement (September 21, 2009)

Capitalism Magazine contributing writer John David Lewis delivered this address at an Intellectual Ammunition Workshop hosted by the Competitive Enterprise Institute and the Ayn Rand Center for Individual Rights at the National Press Club on September 11, 2009.

Posted by John David Lewis | Link
 



Dollar: Why Obama's Supporters on the Left Dishonestly Smear Tea Party Protestors as Racist (September 20, 2009)
Writes Robert Tracinski in "It's the Liberty, Stupid":

[...] a major part of Obama's appeal was his symbolism as the first black president, which was supposed to give Americans an opportunity to put the whole ugly history of racial politics behind them. Yet here we are, less than eight months into Obama's administration, and the racial politics are worse than they have been in a long time. Within days of Saturday's giant "tea party" rally in Washington, Obama's supporters in the press began denouncing the protesters as racists.

[...] The common theme of the signs was individual rights versus collectivism, an advocacy of limited government held to the restrictions placed on it by the Constitution. One of the signs in the photo essay sums up the message of the tea party rally: "It's the Liberty, Stupid."

The fact that the tea party had such a clear philosophical message, and that the bogus racism smear so thoroughly evades this message, says a lot about the intellectual confidence of the tea party movement—versus the lack of philosophical confidence on the left. The tea partiers are very happy to have a philosophical debate on the most basic political issues. The left, by contrast, wants to change the subject with personal, ad hominem attacks—which indicates that they are not confident that they can win the debate if it stays on the question of the size and role of government.

[Those on the Left] are resorting to a decades-old politics of racial slander, reflexively accusing any opponent of racism in an attempt to shut down discussion. Racism is one of the worst insults you can throw at someone today, only a few steps up from accusing him of being a child molester.

 

Posted by News Wire | Link
 



Dollar: Washington Bullies American Bankers (September 18, 2009)

WASHINGTON, September 18, 2009--The Wall Street Journal reports today that the Federal Reserve is about to propose new regulations that would give it power to control compensation policies at American banks--including banks that did not receive bailout funds. As the Journal notes, critics have long complained about high executive compensation packages, which have become increasingly unpopular in the wake of the financial crisis.

“It’s understandable that taxpayers think they should have some say in how bailed-out businesses are run, which is one reason why Washington should have never bailed-out those companies in the first place,” says Yaron Brook, president of the Ayn Rand Center. “But why have the critics been so intent on dictating to shareholders of private companies how much they can pay their CEOs?”

In fact, said Brook, “The critics want to bring down banker’s pay, not because it is economically unjustifiable, but because they view it as morally unjustifiable.”

But, says Brook, “successful CEOs earn their pay by creating vast amounts of wealth. In smearing America’s great wealth creators as villains and attributing their high pay to greed and corruption rather than productive achievement, the critics want us to overlook the virtues that make individuals successful. In demanding lower compensation, despite the wishes of shareholders, the critics aim to deprive them of their just desserts.

“Ultimately, how to pay bankers is a question that only shareholders have a right to decide. But in today’s anti-business climate, it’s vital that we recognize the moral right of successful individuals to huge rewards.”

Posted by News Wire | Link
 



Dollar: How the Freedom to Contract Protects Insurability (September 16, 2009)
In "How the Freedom to Contract Protects Insurability" Paul Hseih makes the economic case and moral case for a free-market in health insurance. Here is just one choice quote:
It is true that patients today with preexisting medical problems can have difficulty purchasing health insurance. But forcing insurers to cover such patients is not the solution. On the economic level, such coercion would create many new problems. For instance, under such legislation patients would have a strong incentive to delay purchasing insurance until they got sick, knowing they could not be denied coverage at that time. Why pay for insurance before you need it if you can wait and purchase it when you need it? Thus, many people would simply go without insurance until they needed medical care, at which time they would purchase an insurance policy and receive immediate coverage far in excess of the price paid for the policy. Such laws would legalize plunder.
Required reading.

Posted by Mark Da Cunha | Link
 



Dollar: Comedy: The Government Can (September 16, 2009)

Posted by News Wire | Link
 



Cross: The Unfairness of “Fair Speech” (September 15, 2009)

WASHINGTON, September 15, 2009--The Supreme Court has recently finished an unusual second round of hearings in the case of Citizens United v. FEC. The case concerns the government’s decision to ban Citizens United from airing a movie about Hillary Clinton during the 2008 Democratic primaries on the grounds that it violated a campaign finance provision in the McCain-Feingold Act. Supporters of campaign finance restrictions argue that by limiting the ability of the wealthy to promote their political views, these restrictions make speech more "fair."

"What campaign finance supporters call ‘fair’ speech is anything but fair,” writes Don Watkins, a writer and researcher with the Ayn Rand Center.

“Those who acquire wealth through productive activity, whether individuals or corporations (which are nothing more than groups of individuals), have every right to use their ‘louder megaphone’: they earned it. What possible reason could make it ‘unfair’ for these individuals to use their resources to support and further their political views?

“In ordinary speech, ‘fairness’ means justice: getting what you deserve--i.e., what you have earned. But the advocates of campaign finance laws twist it to mean equal results: everyone, they claim, must have ‘equal speech.’ They are speech egalitarians.

"But real fairness demands, not ‘equal speech,’ but equal freedom--not equal megaphones or equal commercial time but the equal right to get your message out as widely as you can given your time, interest, resources, and persuasiveness. But that’s precisely what campaign finance laws prevent, by having government bureaucrats dictate what you can spend, how you can spend it, when you can speak, and what you can say."

Posted by News Wire | Link
 



Cross: Anti-Capitalism: The Legacy of George W. Bush and The Republican Party (September 15, 2009)

Writes John Lewis in the The Objective Standard:

The administration of George W. Bush, for instance, greatly expanded government power. President Bush doubled the national budget, doubled the deficit, added a digit to the national debt, signed the largest entitlement bill since the 1960s, ordered his cabinet to cooperate in regulating carbon dioxide as a “pollutant,” signed Sarbanes-Oxley, distributed economic “stimulus” checks, asked for $700 billion as business handouts, and never vetoed a spending bill. [...] Although no Republican in three generations has defended capitalism in a principled way, Republican rhetoric continues to use pro-capitalist language, mainly to oppose Democrats. Ronald Reagan’s assertion that “government is the problem” continues to resonate among supporters of the free market. However, few Republicans have been willing to face the inescapable fact that the federal budget and debt grew exponentially under both Reagan and his Republican successor, George H.W. Bush. Republican lip service to the free market has muddied the waters and continues to make it difficult for people to see that Republicans were, in fact, throttling freedom under a maze of growing federal controls. Hence there was no uprising against Republicans or their policies.

Following eight years of Bill Clinton, George W. Bush appeared to offer the best hope to regain that alleged free-market, low-tax legacy. Once again, most people did not see that the free-market image of this Republican was a mirage that bore no relation to his actions. This image gained power when Bush was touted as an alternative to his leftist Democratic challengers. This contrast of images obscured the fundamental differences between Bush’s policies and a truly pro-capitalist position. This obfuscation—instigated by the Republicans—deeply confused many honest Americans about the nature of his policies, and caused enormous harm to their understanding of both capitalism and conservatism. This split between appearance and reality—between the image of a pro-freedom Republican and the reality of a welfare-state Republican—made it difficult for people to recognize that no candidate in either party was willing to defend capitalism. As a result, any real discussion of capitalism—properly understood as a truly free market, in which individual rights are protected by the government—was obliterated from public discourse.

Bush fostered his undeserved free-market image with tax cuts that accompanied huge increases in spending and led to enormous deficits. He also appeared to oppose business regulations, even as he approved thousands of pages of new controls (e.g., Sarbanes-Oxley and the steel tariffs). His selective repeal of some rules (such as parts of the Glass-Steagall Act) contributed to the image of a free-market administration that had “deregulated” the economy. He promoted the expansion of huge federally-sponsored entities such as the Federal National Mortgage Association (Fannie Mae), the Government National Mortgage Association (Ginny Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac) because he wanted to appear compassionate to people who “needed” loans. When the market imploded, Bush proposed hundreds of billions in federal aid, saying “I’ve abandoned free-market principles to save the free market system.”6

The visible result was an exploding welfare state in which capitalism was blamed for massive deficits, for rising health-care prices, for the collapse of Wall Street, for the cost of the Iraq war, and for every other bad consequence of Bush’s policies. The more fundamental, unseen result was a confused American public—a public confused about the very meaning of the free market, liberty, and individual rights, and about what a proper defense of those values would mean. “Capitalism has failed” became the mantra of the left: “We tried it under Bush, and look what happened.”

In his systematic treatment of the philosophy of Objectivism, Leonard Peikoff wrote that “[p]recisely because of their pretense,” conservatives “are the main source of political confusion in the public mind; they give people the illusion of an electoral alternative without the fact. Thus the statist drift proceeds unchecked and unchallenged.”7 George W. Bush is the quintessential example of this point.

Read the rest in The Objective Standard.

Posted by Mark Da Cunha | Link
 



Cross: 9/11: Recommended Reading (September 11, 2009)

End States Who Sponsor Terrorism by Leonard Peikoff (September 11, 2009)
Fifty years of increasing American appeasement in the Mideast have led to fifty years of increasing contempt in the Muslim world for the U.S. The climax was September 11, 2001.

Hatred of Western Civilization: Why Terrorists Attacked America by John Lewis (September 11, 2009)
The hatred of the West is not based on jealousy but on hatred of the good because it is good. Nihilism, the desire to destroy, is why the enemies of freedom fly planes into buildings and blow themselves up with dynamite.

September 11th: Where Have Our Leaders Gone Wrong? by Keith Lockitch (September 8, 2006)
Unable to defend America intellectually, our leaders are unable to defend her militarily.

September 11th: Five Years Later by Edwin A. Locke and Alex Epstein (September 7, 2006)
It is now five years since September 11, 2001--and since that horrific day we have witnessed numerous additional attacks by Islamic terrorists against the West. In the face of a seemingly never-ending supply of suicidal killers, many still do not understand the motivation of the terrorists. Commentators are eager to offer a bevy of pseudo-explanations--poverty, the Israeli-Palestinian conflict, etc.--while ignoring the motivation the terrorists themselves openly proclaim: Islam.

Columbus Day: The Cure for 9/11 by Thomas A. Bowden (October 5, 2004)
Columbus Day's celebration of Western Civilization reminds Americans why they deserve to win the war against Islamic totalitarianism.

Reflecting America: World Trade Center Memorial Should Celebrate America's Producers by Dianne Durante (September 2, 2004)
The people who worked at the World Trade Center (WTC) were all productive people: they were there to do a job and earn money. They died on September 11 because they symbolized that productivity, not just to millions around the world who aspire to live like Americans, but also to the terrorists who despise all that America stands for.

Diverting the Blame for September 11th by Onkar Ghate (April 1, 2004)
Sept. 11 could have been prevented only by having a principled foreign policy.

1776 vs. 9/11 by Edward Cline (September 11, 2008)
Non-actions also have consequences.

 

Posted by News Wire | Link
 



Previous News Items >

Dollars & Crosses
News Commentary
 
Bush and Obama Both Put America ... Last???
Is Opposing "Health Care Reform" a Crime?
Individual Rights and the Tea Party Movement
Why Obama's Supporters on the Left Dishonestly Smear Tea Party Protestors as Racist
Washington Bullies American Bankers
How the Freedom to Contract Protects Insurability
Comedy: The Government Can
The Unfairness of “Fair Speech”
Anti-Capitalism: The Legacy of George W. Bush and The Republican Party
9/11: Recommended Reading
Health-Care Activism with TOS
Obama's Atomic Bomb: The Ideological Clarity of the Democratic Agenda
The Health Care Speech Was a Moral Obamination
Could These Books Be Banned?
Safeguarding Afghanis More Important Than American Lives?
Capitalism Magazine on Facebook
GOP Health Care Reform Is More of the Same
Radio: Defending the Oil Industry, Health Care, and the California’s Financial Crisis
Here is John Ridpath's Boston Tea Party speech.
Boston Tea Party Speech of July 4
Record Number of People Are Listening to Ayn Rand's Atlas Shrugged
The Monopoly Myth: The Case of Standard Oil
Iran Election Chaos...Future of The Islamic Republic of Iran in Question?
Regarding USA Today's Opinion on "China then and now: 20 years after Tiananmen, Chinese democracy flags"
Punishing Google for Its Success
Judge Sonia Sotomayor is Unqualified for Supreme Court
Ayn Rand Playboy Interview
CNN Video on the Popularity of Atlas Shrugged
How to End Piracy in the High Seas
End States That Support Piracy
A Tea Party Without Egoism Is like a Republic Without a Chance
Video: Professor John Lewis on the Meaning of The Tea Parties
An History Professor Speaks About The Tea Parties of 2009
Atlas Shrugged and the Tea Party Revolts
Obama The Fascist: Leading Us Down the Road to Serfdom
Jay Leno Tackles Obama's Support of Retroactive Law
Ayn Rand's Novel Atlas Shrugged Tops Amazon’s Bestseller List
Is Rand Relevant?
Support the Undercurrent
Spring Issue of the Objective Standard
Your Nest Egg on the Government Bailout
Sales of Ayn Rand's “Atlas Shrugged” Soar in the Face of Economic Crisis
Censorship and The Slide To Dictatorship
Free Speech For Me, But Not For Thee
The Financial Crisis: Causes and Possible Cures
Ayn Rand Center Launches New Blog: 'Voices for Reason'
Why Israel Attacked the Gaza
The Defeat of Islamic Totalitarianism: A Proper Policy
Israel's Moral Right To Exist
U.S. Should Help Crush Hamas

Previous News Items >

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