I apologize but lately I haven’t been able to blog in detail because I am swamped with election things.
However, I am always looking out for goodies that will entertain and educate you.
One of the goodies comes from this very popular video that National Taxpayers Union (NTU) and Competitive Enterprise Institute (CEI) have endorsed on their new website, BeyondBailouts.org.
If you’re a fan of 20/20 on ABC then you will love John Stossel’s Politically Incorrect Guide to Politics. It features David Boaz from Cato, economists from George Mason University, and some statists not worth mentioning.
Stossel discusses the bailout, Katrina, the farm bill, and my personal favorite, campaign finance reform.
I was reading Women’s Health and I saw this PSA on voting, sponsored by Google.
It’s a bit long and boring but this “non-partisan ad” - notice all the celebrities are hard-core statist - has informed me of Google’s new voter tools.
Google maps will be providing mid-Oct poll location information based on your address. So, if the government “forgets” to mail you the address of where you will be voting, check out maps.google.com/vote.
In addition, us obsessed new media dorks, not I, Google created a new gadget, Twitter Election Map. You can track tweets according to the map. So, cool. Get the gadget.
Tom Brokaw got to pick the questions for tonight’s presidential debate between Barack Obama and John McCain. He wisely directed much of the discussion toward the financial collapse, bailout and expectations going forward.
Unfortunately, he didn’t include any of the suggested questions published today in the New York Times, asked by some of today’s top economists. Here’s my three favorites:
1. When the current bailout of Wall Street fails to turn around the economy and reinvigorate credit markets, will you propose another one? How large should it be? Henry Paulson and Ben Bernanke have said what is needed is a restoration of confidence in the economy. But won’t the failure of this bailout destroy confidence, with disastrous consequences — as happened in Indonesia and other East Asian countries when similar bailouts failed 10 years ago? (Joe Stiglitz, 2001 Nobel prize winner)
2. Does the financial crisis indicate that we need more regulation? Or is the problem less one of too little regulation than of poorly focused regulation? The crisis had its origins in part in international capital flows that led to extraordinarily low interest rates. But high-risk mortgage lending drew some of its breath from regulatory interventions. Some heavily regulated financial institutions managed to get themselves in trouble. And it was government-sponsored enterprises, no strangers to regulation, that stimulated the demand for questionable mortgage products. Shouldn’t the next president be standing up to protect markets instead of sowing doubts about them? (Glenn Hubbard, former CEA Chairman)
3. Individual innovation and creativity in our society are the cornerstones of our economy. They create wealth and improve the nation’s welfare. Through innovations, the 20th century became the American Century. Will the 21st century be so as well or will it become the Global Century? How, if at all, would your administration foster innovation in the following areas: the provision of health care for our citizens; an immigration policy that attracts and retains the best; educational policies that increase the value of our human capital, our most important resource; helping people accumulate enough retirement savings; international trade and manufacturing; the evolution of information technology, biotechnology, nanotechnology and neuroscience; the allocation of water, food and energy and the development of alternative energy sources; and, to some, the most important, the environment? (Myron Scholes, 1997 Nobel prize winner)
Sounds simple enough, huh? The DC Schools Chancellor Michelle Rhee is asking that good teachers be eligible to receive up to $100,000 a year and bad teachers, “regardless of tenure,” be subject to removal.
Common sense stuff in most sectors of the economy. Sadly, a novel concept in our public schools. Cheers to the Chancellor for proposing this policy; hopefully it will be approved and implemented.