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Biden’s bank overseer praised Soviet policies, called for ending banking ‘as we know it’

Liberty Unyielding - Sat, 10/02/2021 - 12:28am

Saule Omarova was nominated by President Biden on Sept. 23 to oversee the nation’s biggest banks and federal savings associations, as the comptroller of the currency. She is a USSR-born and educated professor who praised the former Soviet Union’s pay policies. She recently called for ending banking “as we know it” by moving people’s accounts […]

The post Biden’s bank overseer praised Soviet policies, called for ending banking ‘as we know it’ appeared first on Liberty Unyielding.

Portugal reports nearly 100% of adults are vaccinated

Liberty Unyielding - Fri, 10/01/2021 - 3:51pm

Credibility matters. In parts of Europe, public health officials lied less than they did in the U.S. As a result, when they advised people to get vaccinated for COVID-19, people went out and got vaccinated. In Portugal, nearly everyone over the age of 12 has gotten vaccinated. That has protected the public against the coronavirus, […]

The post Portugal reports nearly 100% of adults are vaccinated appeared first on Liberty Unyielding.

The Failure of Lyndon Johnson’s Great Society

Center for Freedom and Prosperity (CF&P) - Fri, 10/01/2021 - 12:22pm

When asked to list the worst presidents of the 20th century, Woodrow WilsonFranklin Roosevelt, and Richard Nixon belong on the list.

But this Reason video with Amity Shlaes shows why Lyndon Johnson also is among the worst of the worst.

You should watch every second of the video, but if you don’t have 33 minutes to spare, here’s a helpful summary.

Johnson declared war on poverty, jacked up federal spending on education, and pushed massive new entitlement programs, including Medicare and Medicaid, which promised to deliver high-quality, low-cost health care to the nation’s elderly and poor. …But did the Great Society achieve its goals of eradicating poverty, sheltering the homeless, and helping all citizens participate more fully in the American Dream? In Great Society: A New History, Amity Shlaes argues that Lyndon Johnson’s bold makeover of the government was a massive failure.

Massive failure may be an understatement.

LBJ’s two big entitlement programs, Medicare and Medicaid, are the biggest reason why America will suffer a future fiscal crisis.

And his so-called War on Poverty was a disaster for both taxpayers and poor people.

How much of a disaster?

Let’s augment Amity’s analysis with these excerpts from Jason Riley’s column in the Wall Street Journal.

Entitlement programs were dramatically expanded in the 1960s in the service of a war on poverty, yet poverty fell at a slower rate after the Great Society initiatives were implemented, and overall dependency on the government for food, shelter and other basic necessities increased. …Liberals pitch these social programs in the name of helping underprivileged minority groups and reducing inequality, but the lesson of the 1960s is that government relief can put in place incentives that have the opposite effect. Between 1940 and 1960 the percentage of black families living in poverty declined by 40 points… No welfare program has ever come close to replicating that rate of black advancement… Moreover, what we experienced in the wake of the Great Society interventions was slower progress or outright retrogression. Black labor-force participation rates fell, black unemployment rates rose, and the black nuclear family disintegrated. In 1960 fewer than 25% of black children were being raised by a single mother; within four decades, it was more than half. …The welfare state is often discussed in relation to its effect on racial and ethnic minorities, yet crime, single parenting and drug abuse also increased among poor whites in the aftermath of the Great Society. When the government indulges and subsidizes counterproductive behavior, we tend to get more of it.

What’s depressing is that Biden wants to replicate LBJ’s mistakes. His new entitlements will mean slower growth and more dependency.

P.S. Amity Shlaes also has done great work to highlight the achievements of one of America’s best presidents.

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Image credit: LBJ Library photo by Yoichi Okamoto | Public Domain.

What happened to Marco Rubio, Time mag’s ‘Republican Savior’ of 2013?

Liberty Unyielding - Fri, 10/01/2021 - 10:04am

Note: The views expressed herein are those of the author and do not necessarily reflect those of the editors. When Time magazine’s Feb.18, 2013 cover featured then-41-year-old Sen. Marco Rubio (R-Fla.), the declarative headline read: “The Republican Savior: How Marco Rubio became the new voice of the GOP.” That headline – with a photo showcasing Rubio’s boyish yet statesman-like […]

The post What happened to Marco Rubio, Time mag’s ‘Republican Savior’ of 2013? appeared first on Liberty Unyielding.

Open thread (9/31/21)

Liberty Unyielding - Fri, 10/01/2021 - 8:00am

If you had to choose between a national leader who lied incessantly or one who couldn’t remember his name half the time, which would you choose? Now thanks to Joe Biden’s well-publicized denial that his military advisers recommended leaving 2,500 troops behind in Afghanistan combined with his caveat “that I can recall,” Democrats are confronted […]

The post Open thread (9/31/21) appeared first on Liberty Unyielding.

Football Follies 2021: NCAA week 5

Liberty Unyielding - Fri, 10/01/2021 - 1:24am

Concentration on conference play increases. Finally.

The post Football Follies 2021: NCAA week 5 appeared first on Liberty Unyielding.

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