Pat Buchanan: Competition – It’s A Good Thing!

pat-buchananPat Buchanan is right on the money.  Again.

In a recent editorial he points to a Senate hearing where Apple CEO Tim Cook (former darling of the Dems) was excoriated for tax avoidance.  You see, Apple has paid zero US income tax on its earnings from outside the country in recent years, and it’s perfectly legal.  Ireland won Apple over with its 2% corporate tax, compared to the 35% Apple would pay our Treasury.  Corporate income tax now makes up less than 10% of federal revenues, and will continue to decline as long as we fail to compete with other nations.

Buchanan says the solution to our economic woes is to abolish the corporate income tax in a revenue-neutral exchange for a 10% tariff on all imported goods.  This would bring American corporations (and their off-shore money) racing back to the homeland, and would invite foreign manufacturers to move here as well, reversing the death-spiral of our currency and our ghastly trade imbalance.

Instead of blaming entrepreneurs for avoiding taxes, our fearless leaders should work on attracting and retaining businesses, along with the jobs and wealth they create.

Adam Smith, the father of free market capitalism, taught us that any attempt to control commerce externally is a bad thing.  Free and natural competition is a good thing.

The best solutions are usually the simplest.

Tom Balek – Rockin’ On the Right Side

Rockin' On the Right Side

Seems this worlds got you down
Your feelin’ bad vibrations frown
Well, open your eyes girl, look at me
I’m gonna show you how it ought to be

We’re gonna’ have a good thing
Such a good thing baby

Good Thing – Paul Revere and the Raiders

Here’s an unusual video for you Rockers on the Right Side.  Yeah, it’s GOOD THING by Paul Revere and the Raiders, but from a different perspective – behind the drums.  Unless you have played drums, you would not know that everything is different back there – the sound, the lights, the distance from the audience, even the “feel” of the music.  It’s kind of a lonely world for drummers.  This video features Raider drummer Tommy Scheckel.  And even Tommy is different – a left-handed drummer playing a right-handed setup.  It makes for some unusual moves!  Scheckel is a relative newcomer to the Raiders after playing for 27 years with the Buckinghams (“Kind Of A Drag”,” Susan”,”Don’t You Care”).   Enjoy!  Oh, and hug a drummer today.

Canada and Mexico: Hey, Remember Us?

north-america-mapHere is today’s current events quiz:

  1. Who is the political leader of the largest exporter of oil to the United States?
  2. Who is the political leader of the second largest exporter of oil to the United States?
  3. Which nations are the top two importers of U.S. goods?

Answers:

  1. Yesterday Enrique Pena Nieto was inaugurated as president of Mexico.  He promises to create jobs and fight poverty in a nation that suffered 60,000 violent deaths and crushing corruption during the six year term of his predecessor, Felipe Calderon.  Some say he is just another insider and not much will change.  Have you heard anything about our southern neighbor in our mainstream media or from any of our own political leaders?
  2. Stephen Harper was elected prime minister of Canada in 2006 and is now serving his second term.  An advocate of individual freedoms and government accountability, Harper’s administration enjoyed considerable fiscal success early in his presidency, but lately Canada has been held back by the slowdown in the U.S. and world economies.  How many times has President Obama met with the leader of our northern neighbor and largest import customer?  I can’t find reference to more than one meeting between the two.
  3. See numbers one and two above.

Few Americans know the answers to these questions because WE GET NO REAL NEWS.  And because WE HAVE NO REAL POLITICAL LEADERSHIP.

I am embarrassed every time I visit Canada and find that my friends from the Great White North know infinitely more about what’s going on in our country than we do about theirs.  Actually, they seem to know more about our government and events than most Americans do.

Recently a friend from Australia lamented to me that he and his wife drove around the United States for ten weeks this summer and never heard a single word about his home country in the news.

If this is how we treat our best friends, is it any wonder we have so few of them?  And that those we have are lukewarm, at best?

Earlier this week I railed about our critically injured sense of priorities. What should the top priorities of our President be?  He seems to spend most of his time campaigning, either for election or in support of his “tax the rich” non-solution to our economic woes. He engages in small social issues that affect very few Americans and don’t address the thundering herd of elephants in the room – unemployment, debt, and runaway government spending.  His priorities are climate change, fairness, and social engineering.

A true leader would be learning about, supporting, and working hand-in-hand with our North American friends and neighbors.  We should forge a regional alliance to take advantage of our human and natural resources to compete economically with China and Europe.  We should stand side-by-side before the world in support of human rights.  And for God’s sake, why aren’t we helping Mexico become the thriving democracy it should be – not only for our own economic well-being and security, but because it’s the right thing to do for a neighbor and friend?

I’m afraid our friends have, rightfully, lost confidence in us.  It’s time for all Americans to demand that our political leaders reset their priorities.

Tom Balek – Rockin’ On the Right Side

Rockin' On the Right Side
As you walk on by, will you call my name?
As you walk on by, will you call my name?
Or will you walk away?  Will you walk on by?
Come on – call my name. Will you call my name?

Don’t You Forget About Me – Simple Minds