John Jay Myers Sets Fundraising Record

Here’s the release. If you want balanced coverage of the other candidates, go buy a newspaper or something.

John Jay Myers Breaks Libertarian Fundraising Record in the 32nd Congressional District

john+jay+myers+1Dallas, TX – John Jay Myers, a small business owner and Libertarian candidate for the 32nd U.S. Congressional district of Texas, has reached the $5000 FEC reporting threshold for congressional candidates. This makes John Jay Myers the first Libertarian candidate to do so in the 32nd district. Mr. Myers expressed his gratitude to contributors:

“I am inspired to see so many people stand up for less government, and I am glad that they look to me as a spokesman for it. Thank you to everyone who has donated or volunteered. Your dedication will help to prove that Americans are seeing beyond left versus right, and more at right versus wrong. Despite the odds, it is important that our voices are heard, and believe me, we will be heard.”

To his family, Myers added, “I love you all dearly, and I am very thankful for your support.”

John Jay Myers faces a 14-year incumbent whose chance to prove himself as a fiscally responsible proponent of free markets has come and gone. Ballooning national debt, a tumultuous economy, and costly undeclared wars in Iraq and Afghanistan have all happened on Sessions’ watch. On his opponent, John Jay Myers stated:

“Government bailouts destroy free markets, government pork drains our economy, government wars risk our safety, and government security programs threaten our freedoms. Clearly, we can no longer afford the illusion that our current representative is a small government conservative.”

The John Jay Myers for Congress campaign has already produced flyers, t-shirts, banners, a website, and online videos, and Mr. Myers has attended numerous events including the Mardi Gras parade, the Castle Hills Tea Party, the NORML march, and the first National Government Sucks Day.

Anyone wishing to contact John Jay Myers, learn more about the campaign, or donate, can visit www.johnjaymyers.com for more information.

Concluded: The Stimulus is an Epic Fail

It’s been proven time and again that FDR’s New Deal actually worsened the Great Depression. Keynesian economics just don’t work, not matter what trollish hacks like Paul Krugman preach.

Now a study from Harvard Business School shocks its very authors, who are surprised to find that increased government spending results in increased unemployment.

Recent eesearch at Harvard Business School began with the premise that as a state’s congressional delegation grew in stature and power in Washington, D.C., local businesses would benefit from the increased federal spending sure to come their way.

It turned out quite the opposite. In fact, professors Lauren Cohen, Joshua Coval, and Christopher Malloy discovered to their surprise that companies experienced lower sales and retrenched by cutting payroll, R&D, and other expenses. Indeed, in the years that followed a congressman’s ascendancy to the chairmanship of a powerful committee, the average firm in his state cut back capital expenditures by roughly 15 percent, according to their working paper, “Do Powerful Politicians Cause Corporate Downsizing?

“It was an enormous surprise, at least to us, to learn that the average firm in the chairman’s state did not benefit at all from the unanticipated increase in spending,” Coval reports.

So, you wonder why unemployment is so high and this recession has lasted twice as long as normal recessions?

Here’s why.

Did I do that?

Did I do that?

The Regulators: Heads They Win, Tails You Lose

First, let’s take a quick read of an excerpt from Matt Welch at CNN.com today on whether economic regulations were cut or strengthened over the past decade:

Expecting regulators to do their job well, let alone magically prevent whatever private-sector outcomes we do not like, is as fantastical as the assertion that George W. Bush was a deregulatory president.

Wait, what? Didn’t we just read in Time magazine that “From the start, Bush embraced a governing philosophy of deregulation”? That’s a comforting narrative for those trying to “restore” regulatory oversight of Wall Street. But it’s false.

According to Mercatus Center economist Veronique de Rugy, federal expenditure on regulatory enforcement in finance and banking, when adjusted for inflation, “rose 29 percent from 2001 to 2009, making it hard to argue that Bush deregulated the financial sector.” This was a sharp break from Bill Clinton, who actually cut financial regulation spending by 3 percent, de Rugy found.

The last major bit of financial market regulatory overhaul, which has already disappeared down the public memory hole, was the 2002 Sarbanes-Oxley Act, passed in the wake of the Enron debacle and other corporate scandals.

When signing it into law, Bush declared: “No more easy money for corporate criminals, just hard time. …The era of low standards and false profits is over.” I guess someone forgot to tell Bernie Madoff.

But does it matter?

To the mind of the pro-regulation, anti-free market set, all outcomes are evidence of the need for more government regulation of business.

If there’s a breakdown, loophole or Enron-scam, it’s a sign of the need for more regulation.

If things run smoothly, it’s a sign we need more of the regulation that keeps things running smoothly.

Dallas Sign Ordinance Challenged by Lawsuit

I brought up the injustice of the city of Dallas’ small business sign ban, championed by Councilman Dwaine Caraway, last year in my feature on Nanny State Dallas in D Magazine.

The city’s justification for this intrusive, anti-First Amendment law was that it prevented robberies, and it controlled blight. Which is brilliant government thinking. After all, business owners have no incentive to want to prevent robberies at their own stores, and nothing ends blight like having businesses go out of business when they can’t advertise to their customers. 

Thankfully, the Institute for Justice has taken up the cause against the anti sign ordinance, and is suing the city of Dallas to have it overturned.

Yes, of course, you’re welcome.

The Tea Partiers Who Aren’t Doing It Right

Um, the whole Tea Party thing was about people being fed up with government spending, taxes, and bailouts, right?

Some folks over in Rep. Ron Paul’s district don’t seem to get that. People do want officials who say NO. I do, anyway.

SkyNet Never Mentioned This Detail…

The inventor of the world’s first sex robot looks, well, exactly like you’d expect.

Picture 2

Mainstream Media Shocked to Discover Their Own Stereotypes Not True

Apparently, they are still surprised crunchy cons like Rod Dreher and hippie capitalists like John Mackey exist.

Wonder if they’ll next discover left-wing statist profiteers like Al Gore and the UN’s Rajendra Pachauri, who both make millions with their Ponzi carbon credit scheme while pushing the global warming hoax.

Why Principle Is More Important Than Pragmatism

On deadline again and dealing with family stuff, but meanwhile, this may be one of the more brilliant pieces I’ve read lately.

Sample:

At the heart of the Left’s indulgence of political corruption lies the mistaken conviction that “public service” transforms politicians into exemplars of civic virtue, or that political office attracts a large percentage of such civic-minded individuals. In reality, the political class is even more greedy and selfish than wealthy businessmen… because they spend much of their time in the company of such wealthy men, and believe themselves entitled to riches and luxuries. Max Baucus doubtless attends a lot of campaign events sponsored by rich supporters who can afford to fly their girlfriends to Europe for a romantic getaway, and he believes himself morally and intellectually superior to these men – the remorseless logic of statism demands it. It only makes sense to place politicians in control of industry if they’re better than the industrialists they control, after all.

Doctor Zero doesn’t spare the right-wing trough-feeders, either. Full piece here.

Make Mine Freedom: A Lesson from 1948

(hat tip/my mom)

Dallas Libertarians Are Talking Health Care

It’s new web series of locally made videos, and here’s the first. This is pretty good stuff.

With government takeover of medical care being sold as “reform” by the administration-directed media, nice to hear some alternative voices.

For specifics on market-based alternatives to government-run health care, Whole Foods CEO John McKay’s list of eight ideas remains one of the most succinct and thoughtful.

1. Remove the legal obstacles which slow the creation of high deductible health insurance plans and Health Savings Accounts. The combination of high deductible health insurance and Health Savings Accounts is one solution that could solve many of our health care problems. For example, Whole Foods Market pays 100% of the premiums for all our team members who work 30 hours or more per week (about 89% of all team members) for our high deductible health insurance plan, and provides up to $1,800 per year in additional health care dollars through deposits into their own Personal Wellness Accounts to spend as they choose on their own health and wellness. Money not spent in one year rolls over to the next and grows over time. Our team members therefore spend their own health care dollars until the annual deductible is covered (about $2,500) and the insurance plan kicks in. This creates incentives to spend the first $2,500 more carefully. Our plan’s costs are much lower than typical health insurance, while providing a very high degree of team member satisfaction.


2. Change the tax laws so that that employer-provided health insurance and individually owned health insurance have exactly the same tax benefits. Right now employer health insurance benefits are fully tax deductible for employers but private health insurance is not. This is unfair.


3. Repeal all state laws which prevent insurance companies from competing across state lines. We should all have the legal right to purchase health insurance from any insurance company in any state and we should be able use that health insurance wherever we live. Health insurance should be portable everywhere.


4. Repeal all government mandates regarding what insurance companies must cover. These mandates have increased the cost of health insurance many billions of dollars. What is insured and what is not insured should be determined by individual health insurance customer preferences and not through special interest lobbying.


5. Enact tort reform to end the ruinous lawsuits that force doctors into paying insurance costs of hundreds of thousands of dollars per year. These costs are ultimately being passed back to us through much higher prices for health care.


6. Make health care costs transparent so that consumers will understand what health care treatments cost. How many people know what their last doctor’s visit cost? What other goods or services do we as consumers buy without knowing how much they will cost us? We need a system where people can compare and contrast costs and services.


7. Enact Medicare reform: we need to face up to the actuarial fact that Medicare is heading towards bankruptcy and move towards greater patient empowerment and responsibility.


8. Permit individuals to make voluntary tax deductible donations on their IRS tax forms to help the millions of people who have no insurance and aren’t covered by Medicare, Medicaid, SCHIP or any other government program.