This Week in Government Failure | Cato (With BB’s comments)
Posted August 20, 2011on:
- In: American Crash 2011 | Big Labor Unions | Communism in America | Deficit Reduction Proposal | Dodd-Frank Financial Reform Bill | Economy/Money | EPA Environmental Protection Agency | Federal Reserve | Government Failure Series from Cato Institute | Government Failure Series from Cato Institute | Ineffective Government Programs | Laws and Regulation--stupidities | laws and regulations--stupidities | national deficit, taxes, national budget | National Politics | Obama and ethics | Politics 2008 | Politics 2009 | Politics 2010 | Politics 2011 | Progressives Movement to Destroy America | Redistributing wealth | Roosevelt and Obama | Subverting America by Uri Bezmenov | Taxes
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Posted by Tad DeHaven
Over at Downsizing the Federal Government, we focused on the following issues this past week:
- It’s darkly comical that the same entity responsible for killing countless private sector jobs with its taxes and regulations operates job training programs.
- Warren Buffett should put up or shut up.
- Two polls of likely voters released by Rasmussen Reports indicate that the federal government’s corporate welfare programs should be prime targets for spending cuts.
- (Wanted to make sure you saw the results of these polls.
Voters Don’t Support Corporate Welfare
Two polls of likely voters released by Rasmussen Reports today indicate that the federal government’s corporate welfare programs should be prime targets for spending cuts.
The first poll found little support for the Small Business Administration’s lending programs:
- A majority (58 percent) of likely voters said that the federal government shouldn’t guarantee loans issued by private lenders to small businesses. 23 percent said the government should back small business loans and 19 percent were unsure.
- A majority (59 percent) of likely voters said that reducing government regulations and taxes would be more helpful to small businesses than the government providing loans to small businesses that can’t obtain financing on their own. 22 percent said the government loans were better and 18 percent were unsure. ( I am definitely among the 58%! BB)
- Entrepreneurs particularly believed that reducing government regulations and taxes is preferable to government lending programs. 76 percent of entrepreneurs felt that way and 61 percent opposed government loans to small businesses that couldn’t obtain financing. (These are the people with the ideas People. So listen to them carefully because they are the movers and shakers of America. In fact, these people are almost uniquely America because America is (or at least ONCE WAS) the only place on earth where these people with ideas and dreams could make their dreams come true. Obamanation has brought this to a halt and is working hard to kill the entire idea of anyone in America having an original thought. BB)
(See this new Cato essay on why the Small Business Administration should be terminated.) (AGREED! BB)
Similarly, the second poll found little support for various federal corporate welfare programs:
- Only 15 percent of likely voters said the federal government should continue to provide funding for foreign countries to buy military weapons from U.S. companies. 70 percent were opposed and the rest were undecided. (Where in Hell did they find the 15%!??! BB)
- Only 29 percent of likely voters said the government should continue to provide loans and loan guarantees to help finance export sales for large corporations. 46 percent were opposed and the rest were undecided. (See Sallie James’ new Cato paper on why the Export-Import Bank should be terminated.) (I am sure this undecided vote was because the respondents could not understand the question. ONLY large well o0rganized and connected companies export their products and these companies surely do not need any tax dollars to do so as they will continue on their own if a profit is being made. I would like to say this practice will come to a halt after 2012 when we get a person with sense in the White House but congressmen on the company dole are not likely to stop anything that might annoy their buds. BB)
- Only 37 percent of likely voters said the federal government should continue providing farm subsidies. A plurality (46 percent) said farm subsidies should be abolished and 17 percent weren’t sure. (See this Cato essay for more on farm subsidies.) (Just for information purposes: the so-called “family farm” ain’t the family farm anymore People. The Family Farm is now BIGGGGGGG Agribusiness and just like any other business it certainly doesn’t need our tax dollars. But just play hell getting rid of it! BB)
- The Washington Post asks for budget plans. We have one. (No comments from me here because it ALL makes a lot of sense and I hope you go to all the sites referred and read carefully. BB)
- Despite Fannie Mae and Freddie Mac’s role in driving the housing bubble and $160 billion in taxpayer losses (so far), President Obama appears to be considering just putting the same failed system in place. (Did anyone really expect anything else??! By the way, Fannie Mae is the outfit that gave me the deal on my house. but it really wasn’t a deal at all, it was where the price of the house would have been if government had not gotten into the notion of everyone deserves and has a “right” to own a home and started making sure everyone got one regardless of if they could pay for it. the government getting in of course made the prices for houses go sky high. Just as the government getting into anything causes the prices of that good or service to go sky high—-haven’t we learned a thing yet? Those supplying the goods or service are not dumb and know they will get their price no matter where they set it. Government got into medical care with Medicare and Medicaid and doctor, hospitals, medical supply companies, health insurance companies and drug companies all sent their prices up by double digits for 40 years. Government got into education and colleges and universities went hog wild at the banquet of federal money via the students. As sure as the moon follows the sun and the sun follows the moon the big money will follow the government money. BB)