Current Features

Gouverneur Morris
America: A Christian Nation?
Ya Gotta Have Faith!
Not-Hearing: Two Examples
The Paradox of Public Advertising
Cleave; Sanction
Doomsday Clock: False Authority Fallacy
Politicians and Their Children
Eric Boehlert Knows Inner Motives!
What is the Purpose of Democracy?
One Mess Created, Time to Create Another
Christians Pursuing Happiness

Read the Front Page

Topics

Big Brother
Blogging
Computers and Technology
Crime and Punishment
Education
Entertainment
Europe
Everything You Know is Wrong
Faith and Philosophy
Faith and Politics
Features
France
Fun
General
Happy Stuff
Health
History
Human Rights
Humor
International
Iraq
Left Versus Right
Media Bias
Personal Notes
Politics
Product Reviews
Quick Alerts
Quixtar
Racism
Science
Science Fiction
Sexuality
Sick & Wrong Department
Society
The Arab Street
The Arts
The Church of Gaia
Travel
Words, Words, Words
Your Money

Archives

January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004
September 2004
August 2004
July 2004
June 2004
May 2004
April 2004
March 2004
February 2004
January 2004
December 2003
November 2003
October 2003
September 2003
August 2003
July 2003
June 2003
May 2003
April 2003
March 2003
February 2003
January 2003

Search


The Blogosphere

BitsBlog
Beyond the Rim
Common Sense and Wonder
Dissecting Leftism
Drive-Thru Musings
FunMurphys.com
Insignificant Thoughts
Insomnomaniac
Investor Blogger
Iowa Geek
La Shawn Barber
The Littlest Apologist
Mark D. Roberts
Quixtar Blog
Quixtar Sucks
The Right Scale
Sinking in Quixand


President George W. Bush (D)

As a person, from what can be dimly discerned from a distance, George Bush strikes me as a decent enough fellow. But I've never mistaken him for a Republican. :-)

He's a Democrat, but he's an only-style (1990s and before) Democrat, one of the "good guys" like Tip O'Neil, Paul Simon, or Daniel Patrick Moynahan. Someone who crosses the aisle easily to attempt to build bipartisan unity and speaks respectfully towards his opponents. Perhaps you're laughing, but I'm dead serious: Can you name a president who has kept more political appointees from the opposite party in his administration? And, sadly, he's been stung for it.

So it shouldn't come as a surprise to conservative that Bush seems to think he'll have quite a bit in common with the present crop of Democrats.

For one, now he'll get what he's always wanted on immigration: a repeat of Reagan's fatal mistake (amensty, which taught the lesson that migrating illegally is a better thing to do than following the law -- immigration vastly increased after Reagan did that), and a policy which Democrats seem to reflexively embrace.

And, of course, Bush seems to think that increasing the minimum wage is a good idea, too: "President George W. Bush on Wednesday said increasing the national minimum wage is likely an issue on which he could cooperate with Democratic leaders in Congress."

Yes, I'm sure this will "punish" those Republican leaders pretty good. I'm sure they're sulking at home right now about the increased availability of illegal labor and (paradoxically) increased pay required for starting-level jobs.

Okay, kids, now let's see if we can work out the economic impact of these two policies.

First, increasing the minimum wage: When you increase the cost of X what happens to the demand for X? Anyone? Anyone? Buehler? (Let's not see all the same hands!) Right! The demand for X goes down when the cost of X goes up. So if X = labor, we predict decreased employment.

Now the other factor: increased immigration. Think of the Mexican-American border as factory pumping out widgets. President Bush has passed a law making widgets more expensive. But this factory will continue to pump them out no matter what. So you have both increasing supply and increasing cost. What does that give us?

That gives us an excess of widgets. So, again, we'll see unemployment in the low-wage sectors, and possibly also a black market -- for all those employers who want to buy widgets (e.g. hire laborers) at their actual market price.

But there's one last thing: unlike our hypothetical widgets, an excess of unemployed people, in a welfare state, impose costs on taxpayers. That's true whether the new labor is hard working, and displaces American-born labor, or vise-versa. These costs either turned into debt or turned into higher taxes -- both of which decrease the available pool of money which is used to buy more labor -- decreasing demand again.

In short, this combination produces higher taxes, more unemployment, and particularly more unemployment among societies' most vulnerable members -- poor African-American males.

Bush is a nice man. But he's hardly a conservative.

Comments

Add your two cents...

The comment rules will apply. Please post only once.

















« Blair, UK, EU Oppose Death Penalty for Saddam | Front Page | Page Two | Elton John: "I would ban religion completely" »