Townhall.com, Where Your Opinion Counts
Talk Radio:   Bill Bennett   Mike Gallagher   Dennis Prager   Michael Medved   Hugh Hewitt   
BREAKING NEWS  LeftArrow - Townhall.com : Conservative, Political, Republican   RightArrow - Townhall.com : Conservative, Political, Republican  
Columns, funnies & more in your inbox!
  • Check the boxes and send us your email address to receveive your free newsletter
  • Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
  • Townhall.com’s weekly inside scoop on what’s happening behind the scenes in the world of politics. When news breaks, we report.
  • Signup to receive the latest daily Townhall cartoons
Thursday, January 25, 2007
Alan Reynolds :: Townhall.com Columnist
Dismal, Dreary Democrats
by Alan Reynolds
Vote on It:
Average Vote:
[+] Text [-]
 
Poll
Was the Copenhagen Global Warming Summit Walk-Out a Win for the U.S.?


Real, inflation-adjusted compensation per hour fell every year from 1993 through 1995 but has risen by at least 1 percent a year ever since -- even during the nasty energy shock of the past few years. Falling profits would not make the recent pay gains look any better, but falling oil prices will.

Real compensation adjusts for inflation, including costs of medical care and education, but Webb hopes to count those twice. "Medical costs have skyrocketed," he says. But most people pay only a small fraction of their medical bills because 85 percent have health insurance that is largely financed by taxes or tax deductions and because deductibles and co-payments are usually small. The poor and near-poor face no medical costs because of Medicaid.

"College tuition rates are off the charts," he says, confusing sticker prices with actual expenses. Statistics on "tuition per full-time equivalent" measure what colleges receive, not what students pay, including all tuition paid by third parties, such as Pell grants. What students pay is commonly cut in half by institutional aid (discounting), and further reduced by government and private scholarships and aid.

Webb went on: "Our manufacturing base is being dismantled and sent overseas. Good American jobs are being sent along with them. In short, the middle class of this country, our historic backbone and our best hope for a strong society in the future, is losing its place at the table. Our workers know this, through painful experience. Our white-collar professionals are beginning to understand it, as their jobs start disappearing, also."

Manufacturing dismantled? "Over the 12 months ending in December, total industrial production increased 3 percent," reports the Federal Reserve, "to a level that was 112.4 percent of its 2002 average." U.S. production of cars and trucks rose 3.5 percent in 2004, 5.9 percent in 2005 and at a 7.3 percent rate in the first three quarters of 2006. Overseas auto plants were sent here, not the other way around.

U.S. jobs are disappearing? Employment was 145.9 million in December, up from 142.8 million a year before. If only bad jobs are increasing, why are average and per capita U.S. incomes rising? Why are so many U.S. shopping malls, restaurants and highways so infuriatingly crowded?

I sometimes wish that people who don't know what they're talking about would simply refrain from talking. Personally, I'd rather watch "Desperate Housewives" than despairing politicians.

1 2
| Full Article & Comments | < Previous
Share:
Vote on It:
Average Vote:
 
About The Author

Be the first to read Alan Reynolds' column. Sign up today and receive Townhall.com delivered each morning to your inbox.

©Creators Syndicate
Dismal Democrats
I do hope Alan personally sent this to Jim Webb.

New Orleans
There has been more lies and propaganda spread about the New Orleans debacle than any other thing in the past 2 years, First the actual problems that occurred during and after the hurricane itself were a lie. The MSM (and including Fox) simply spread unsubstantiated rumor. It turned out after all the stuff was over, the only thing that was true was that the hurricane did in fact hit. I haven’t heard one retraction from any of the news media for the host of lies that were spread. Second, not one of the lying MSM brought up the fact that Ray the crook Nagin was in Houston when he held the first press conference. His city was in a shambles and he was in Houston! Third, the New Orleans Emergency Plan (which had previously be judged to be inadequate) was not implemented. They did not even try to implement it. When people started noticing that they removed the plan from access by the internet. Fourth, FEMA is not a 1st responder and should not have been held accountable for the problems that occurred. Almost all of the problems occurred because the city of New Orleans failed to have an effective plan and failed to implement any plan. It is funny (ironic) that this hurricane visited death and destruction all through Mississippi, completely leveling one town, but there were none of the problems that occurred in New Orleans.
Sign Up to Post Your CommentsSign Up to Post Your Comments
If you are already registered, click here to login. Otherwise, please take a few seconds to register with Townhall.com. Once you sign up, you’ll be able to post your comments immediately, use the action center, get podcasts, and more!
Note: Fields marked with a red asterisk (*) are required.
Salutation:
First Name:
*
Last Name:
*
Email:
*
Nickname:
*
Note: Nick name will be shown when you post comments.
Address 1:
*
Address 2:
City:
*
State:
*
Zip:
*
Phone:
      
Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
(Bi-Weekly) We highlight the best opportunities from our partners for surveys, action items and more.