Since last two decades, the progressive socialists around the world were ringing alarming bells of natural disasters possible because of global warming. The idea behind the global warming was highly irrational which suggested that man is his own enemy and in order to save men from themselves, the government should restrict the energy production and usage; otherwise the world will burn with global warming. This further means that development is detrimental for survival of human beings, as if the nature will remain intact and pure only if men prefer to lead a life of savages. Non-renewable resources are limited and they do cause pollution. Hence, it is beneficial for men to discover and develop innovative ways to garner new resources of energy. However, this certainly doesn’t mean that the future must depend on renewable or freely available resources such as solar energy and wind energy or tidal energy. Hardly anyone will oppose the idea that we should try to get rid of our dependence on coal and fossil fuels for our energy requirements. However, when the government attempts moral policing and try to enforce penalties against coal and fossil fuel usage as in form of carbon taxes, it becomes irrational …Read the Rest
Tag: Barack Obama
Why Unemployment Rate is so High in America?
The current period of his tenure can be said as the worst for Barack Obama. Just a month ago, the United States as a nation faced a reduction in its debt credit and now the stagnation of American economy is burdening the administration. US economy has registered a growth of less than one percent in this quarter while the unemployment rate is still consistent at 9.1 percent. The American government predicted a change of fortune as a result of those huge stimulus packages which were announced earlier. Yet, the news is depressing even now when the private sector has certainly added a good number of new jobs in the market, yet the rate is too slow. Major Job creation has been registered in Health and education industry as both are creating around 30,000 jobs a month. Yet, the unemployment rate is still stagnant and American economy is growing at a rate that cannot be termed as a recovery but may be feared as a slow speed towards double dip recession. If the rate of job creation doesn’t improve, it would be hard for America to ever achieve 100 percent employment for the growing population. The major reason of failure …Read the Rest
Recession Comes Back Again
The U.S Recession is back again and it is wide spreading throughout the world. Recession is back even though President Barack Obama and Fed did everything possible according to Keynesian irrationality of breaking windows to save the United States against the previous economic meltdown of 2008. In 2008-2009, when Obama introduced huge stimulus packages to save American jobs by investing American tax-payer’s money in those public and private sector ventures which were faulty, irrational and corrupt, he thought it will help America to retain its losing glory. The effect of his Keynesian steps were inspired and favored by the master of Keynesianism Mr. Paul Krugman who won the Nobel Prize in Economics on October 13, 2008 and Obama was also convinced about the magical skills of Ben Bernanke and while appreciating his magical skills, Obama said Bernanke’s background, temperament, courage and creativity helped to prevent another Great Depression in 2008. However, there were people who warned Obama, Bernanke and others that depression is nothing but the much needed corrective measure or the medicine for the ill economic conditions of the United States. They suggested that the market shouldn’t be disturbed further by inflicting more fiat currency in it as that …Read the Rest
Free Healthcare System Is a Fraud
While citizens are protesting against the political corruption, Indian government and politicians are planning to pave way for a new source of political corruption and this time they have chosen medical sector. Politicians assume that they are responsible to offer free services like education or healthcare for which they would levy higher taxes on common citizens. However, this is nothing but a huge corruption because on the name of providing free services, government actually robs people of their money and their right to attain proper high quality services at affordable prices. The failure of such universal healthcare system is evident from the current economic turmoil in Britain whose National Health Services is a huge burden on British economy. What is Free Healthcare System? Free healthcare system works upon the idea of forced economic equality for everyone. Thus, irrespective of how much you earn, you will not be provided any better medical facilities than a lazy beggar who never tried to work hard and earn enough to attain proper health care and medical security. Hence, free healthcare system is a direct end for the causality of individual efforts and hard work, it is abolition of spending of income, i.e., while a …Read the Rest
