People who say it cannot be done should not interrupt those who are doing it. Welcome to From On High.

Monday, June 28, 2010

They Just Don't Get It

Government seizes capital from small business so as to be able to give it to small business.

Only in BizarroWorld:
Boucher plans small business seminar
Southwest Times Staff Report

Ninth District Congressman Rick Boucher will host a July conference to help inform Southwest Virginia business owners and entrepreneurs of resources available for business startup and development.

The workshop, entitled “Building our Local Economy in a Global Market,” will be held on Monday, July 19, at 9 a.m. at the Southwest Virginia Higher Education Center in Abingdon.

“Small businesses are at the core of our economy. These businesses are a wellspring of innovation, and they give strength and diversity to the economic foundation of communities throughout Southwest Virginia,” said Boucher. “For these reasons, creating a climate that is favorable to small business startups and providing resources and other assistance to those who aspire to be small business owners is an important part of our strategy for promoting economic growth throughout our region and an important part of the work of my Congressional office.”

He added, “The conference I am hosting on July 19 will provide ... [blah blah blah] [link]
This guy actually believes the government can create a favorable climate for small business to thrive.  The same government that has done everything to make it more difficult for small business to even exist in this country.  This the same guy who has voted in favor of every tax increase and every regulatory mandate on those same small businesses that has been set before him over the last quarter century.  Every one.

It takes more than a seminar and boloney sandwich luncheon to make for a "favorable environment," pal.  Maybe some day you'll come to realize that.

Maybe not.

Headline Of The Day

The Economy Teeters

Whatever Obama's doing to turn things around?  It ain't workin':
Economic Outlook: Worsening picture in the US
By Jack Farchy, Financial Times

Investors will this week be bracing themselves for signs that the US recovery is slowing, as a slew of economic data on the world’s largest economy is expected to paint a downbeat picture.

This week sees the release of the monthly US non-farm payrolls report, the most closely watched statistic in global markets.

The headline figure is expected to show a sharp drop in non-farm employment – but that is largely the effect of temporary workers hired to carry out the US census coming to the end of their contracts.

There was a decline of about 250,000 in the number of people working on the census this month from May, leading to consensus expectations of a drop of 75,000 in the headline non-farm payrolls figure. [link]
Are we ready to concede - a year and a half in - that government stimulus doesn't work anymore?

We need private sector stimulus.  And the only way that will come about is if the government gets its foot off the throat of America's business enterprises.

Cut taxes.  Reduce the regulation burden.  Stand back.

- - -

The New York Times today calls for the federal government to raise corporate taxes (a nation that touts one of the highest rates of corporate taxation on the planet already) again.

There apparently hasn't been enough destruction of capital in this country in recent years to suit the socialists there.

It Beats Actually Doing Something

In the news:

Agreeing on timetables proves to be so much more achievable than actually cutting deficits.

So "world leaders" agree to do something someday.

For the love of God.

Lest You Forget Who Your Enemies Are

Let's give credit where it's due.  When Obama declared his intention to bankrupt the coal industry, he wasn't lying.  His effort is now in process:
Obama’s promise to bankrupt coal industry to cost 1,000 jobs in upper Midwest
By Ed Morrissey

During the campaign, Barack Obama promised to bankrupt any new coal-burning plants in the US through his global-warming policies.  Congress has followed suit with a cap-and-trade bill that Harry Reid keeps promising to revive.  One firm in Wisconsin shows exactly what happens when politicians intervene to attempt to conduct social engineering in the energy sector. Bucyrus just lost a $600 million project for a new coal-burning electricity plant in India, thanks to a decision by the Congressionally-funded US Export-Import Bank to deny the Wisconsin firm credit, based in part on Barack Obama’s policies:

"Up to 1,000 jobs at Bucyrus International Inc. and its suppliers could be in jeopardy as the result of a decision by the U.S. Export-Import Bank, funded by Congress, to deny several hundred million dollars in loan guarantees to a coal-fired power plant and mine in India.

"About 300 of those jobs are at the Bucyrus plant in South Milwaukee, where the company has 1,410 employees and its headquarters. The remaining jobs are spread across 13 states, including Illinois, Minnesota and Indiana.

"On Thursday, the Export-Import Bank denied financing for Reliance Power Ltd., an Indian power plant company, effectively wiping out about $600 million in coal mining equipment sales for Bucyrus, chief executive Tim Sullivan said.

"The fossil fuel project was the first to come before the government-run bank since it adopted a climate-change policy to settle a lawsuit and to meet Obama administration directives.

"'President Obama has made clear his administration’s commitment to transition away from high-carbon investments and toward a cleaner-energy future,' Export-Import Bank Chairman Fred Hochberg said in a statement. 'After careful deliberation, the Export-Import Bank board voted not to proceed with this project because of the projected adverse environmental impact.'"

This decision won’t stop one carbon molecule from hitting the air. In fact, it will likely make carbon emissions worse. India will look for other vendors to supply the equipment, probably from neighboring Russia or China, as they will continue to build and operate the plant. Both nations compete in the same marketplace as Bucyrus, but they don’t work as cleanly as the American company does, which means the end result will be lower efficiency and more pollution.

Democrats like Obama keep talking about eeeeeevil corporations that export jobs overseas to save costs rather than keep them in the US. Well, Obama and his Congress just sent 1,000 jobs overseas — jobs Americans lost, and jobs that either Russian or Chinese workers will get instead. And instead of bankrupting this new coal plant, they just made it dirtier.
Wisconsin jobs today.  Dickenson County jobs tomorrow.  Just a matter of time.

Obama intends to do you grievous harm.  Act accordingly.

Lest You Forget Who Your Enemies Are II

Obama's effort to bankrupt the coal industry has its impact right here in Southwest Virginia:
Mountaintop removal: Army Corps deals another blow to region
Bluefield Daily Telegraph

The hits just keep coming for the coalfields of southern West Virginia and Southwest Virginia. The decision by the U.S. Army Corps of Engineers to suspend an expedite process for obtaining surface mining permits across much of the nation’s eastern coalfields last week will spell more trouble for coal miners and their families right here in southern West Virginia and Southwest Virginia.

The controversial decision by the Army Corps is the latest move by the Obama administration to curb mountaintop removal coal mining. Environmental groups — who claimed victory following last week’s decision — argue the practice of blasting away mountain tops to expose multiple coal seams causes too much damage to the environment. They want the federal government to ban the practice, and President Barack Obama appears ready to honor their request.

Bill Raney, president of the West Virginia Coal Association, called the EPA’s suspension of the Nationwide Permit 21 “absolutely frustrating.” NWP21 applies only to the coal mines in the six states in the heart of the Appalachian coalfields.

“I think EPA’s arrogance in this process is absolutely frustrating,” Raney said last week. “It represents another step in the Obama/EPA efforts to punish coal mining in the eastern states.”

Dan Pochick, president of Rish Equipment that is headquartered in Bluefield, also expressed frustration last week with the latest administration decision. Rish sells machinery to companies that operate surface mines.

“The EPA comes down here and holds public hearings, but they already have their minds made up,” Pochick said. “They are out to stop coal mining in Appalachia.”

According to Pochick, non-elected officials are making decisions that will ultimately impact the price area residents pay for energy.

While our region continues to fight this assault on coal, it would appear we are losing the battle. If the Obama administration is determined — as it would appear — to put an end to coal mining as we know it, there may be little our region can do to change his mind. [link] [emphasis mine]

A rather bleak assessment.  But possibly - regrettably - accurate.  Obama may very well follow through on his pledge to bankrupt the coalfields of Southwest Virginia.

The good people of Buchanan and Dickenson and Lee and Russell and Scott and Tazewell and Wise Counties didn't deserve this.

As Toronto Burns

Mark Steyn has some particularly harsh words for the way the Toronto police have reacted - or not reacted - to anarchists wreaking mayhem in its downtown streets:
For the G20 summit, the Toronto coppers ordered up a ton of new body armor, weaponry, gas masks, etc - and then stood around in their state-of-the-art riot gear watching as a bunch of middle-class "anarchists" trashed the city. Streetcars were left abandoned, and even police cruisers were seized, vandalized and burned.

The Toronto PD are your go-to guys if you want a fetching police escort for the Queers Against Israeli Apartheid float in the Pride Parade, but they don't otherwise seem to perform any useful function. David Miller, the city's brain-dead mayor, can usually be relied upon for a fatuous soundbite. In this case, he offered:

"This isn't our Toronto."

Er, actually, it is. Try looking out the window.
If they're not there to serve and to protect, what good are they?

We Need More Gun Control

Robert Byrd Has Died

At the age of 92. RIP.