Tuesday, February 23, 2010
Friday, November 13, 2009
On November 3rd, voters in
Whether or not this is a referendum on President Obama or the Democratic-controlled Congress is irrelevant. In tough times, people often vote out incumbents with the hopes that a simple change of the party in power will lead to prosperity. New Jersey and Virginia are cases in point: both states went to Mr. Obama in 2008, and both states voted in Republican governors on November 3rd. With that in mind, I personally believe that overall anti-incumbent sentiment won the day, regardless of whether policy has actually caused the recent hardships.
What is relevant is the reaction from Democrats following the election returns. On election night, Lawrence Otis Graham, an attorney and best-selling author, was providing election analysis for News12, a local media outlet for the Hudson Valley, a lower region of New York State. In his commentary, he argued that Republican candidates dominated in the aforementioned elections not because of strong Republican support, but rather low voter turnout among typical Democratic constituencies.
In 2008, former Republican presidential candidate John McCain trailed Mr. Obama in the polls for the majority of the race. After his defeat, I did not hear anything among conservatives that echoed the sentiment of Mr. Graham—virtually no one made the argument that Mr. Obama won because Republicans thought getting out to vote for Mr. McCain was a lost cause.
What I get from Mr. Graham’s argument is that when Democrats win, it is because the people support them wholeheartedly while Republicans only win because of Democratic apathy. This argument is outrageous and disgraceful. Westchester has the highest county taxes in the country and New Jersey has the 8th highest state tax rates in the country. Regardless of political ideology, voters respond when the government excessively raises unnecessary taxes.
Whether this will catapult the Republican Party to victories in the midterm elections is still unknown. But if members of the Democratic Party continue to make asinine comments like Mr. Graham did, it will not be long before voters become disgusted by Democratic arrogance. Perhaps it was arrogance that caused Democrats to not even put much effort into the races. Even if low voter turnout was the cause of the Democratic losses, it was due to the failure of Democrats to mobilize and energize their party around their values, not simple voter apathy.
This should be a wakeup call to Democrats that ignorance towards the citizens they serve will not be accepted. Moreover, Republicans must not squander this opportunity and must return to the party values of fiscal responsibility, limited government and individual accountability.
Wednesday, October 28, 2009
Monday, October 26, 2009
Wednesday, October 14, 2009
This will be the question that all American policy makers, especially Neoconservatives will have to ponder for the years to come. Was
In my opinion the answers are no, probably and no.
In spite of its internal divisions and the violence of the last few years, the three Iraqi ethnoreligious subdivisions, Arab Shiite Muslims, Arab Sunni Muslims, and Kurdish Sunni Muslims do not seem to want permanent separation.
The two largest beneficiaries of the removal of Saddam Hussein were
Chances are however, even if it does not openly cooperate with
Further reasons that the
Further horrid acts are still going on in
Friday, October 9, 2009
On Saturday, October 10, 2009, the Columbia University Libertarians will present the 2009 New York Students for Liberty Conference.
From 8:30 am - 8:30 pm, the conference will feature a full day of speakers such as Fred Smith President of the Competitive Enterprise Institute, Damon Root of Reason magazine, NYU Economics Professor Mario Rizzo, and many more!
The conference will serve as a forum for learning from experts in fields ranging from economics to history, meeting libertarian leaders and activists, discussing current issues, and sharing advice on best practices for advancing the cause of liberty on campus.
More information about this premier event for liberty can be found here: www.politicalconferences.org/
Begun in 2008, Students For Liberty is a 501(c)(3) nonprofit organization whose mission is to provide a unified, student-driven forum of support for students and student organizations dedicated to liberty. To learn more and support this rapidly growing organization, please visit www.studentsforliberty.org.
Thursday, October 8, 2009
For all the talk of implementing new regulations to tame finance, there are still elements of necessary deregulation that are being overlooked by the Federal Government.
The rules used to say that no one could get a mortgage unless they were able to pay 20% down on their home. This made sense, as the social consequences of having to later kick someone out of their home are more damaging than having large numbers of people not own their own home in the first place. This would still be considered “light touch” regulation.
Arthur Andersen’s main role in that crisis was to be Enron’s auditor. This means they were an independent body hired by Enron to make sure the company’s books were clear of errors and to discover any possible fraud. As they did not do this correctly through both negligence and corruption, there was a crisis of confidence in the system. In response Sarbanes Oxley was passed to tighten auditing rules. An example of a new regulation was that CEOs had to sign off on the company’s financial statements and on the findings of their independent auditors.
The aforementioned regulation is not one of the more damaging ones, but the climate created by Sarbanes Oxley has made it grossly expensive for medium sized firms to go public on the stock market. The average cost of an Initial Public Offering (IPO) has reached $750,000. The result of this is that many American companies now find it easier (and cheaper) to bring their public offerings overseas, notably on the London Stock Exchange but to others as well.
Reform of Sarbanes Oxley is urgently needed to keep