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Archive for November 5th, 2012

I wish the rest of the world was as wonky as me and dying to read the latest data on the Laffer Curve, or something like that.

Alas, it seems like everybody is focused on which statist will be confiscating our earnings and trying to dictate our lives for the next four years.

So I’ll go with the flow and share some election-oriented humor, beginning with jokes from the late-night talk shows.

Normally I wait several weeks and accumulate a larger list, but many of these jokes will be past their expiration dates if I wait until after the election. So enjoy.

Jay Leno

  • Last night I answered the door and there was a kid lying on the porch. He was playing dead. I said: “What are you supposed to be?” He said: “the economy.”
  • President Obama canceled the annual White House Halloween party. He didn’t want to; he just didn’t want to risk a trick-or-treater asking him a question about Libya.
  • I had a trick-or-treater tonight who stood outside on my porch for an hour, didn’t ring the bell, didn’t knock on the door. I said, “Who are you supposed to be?” He said, “I’m an undecided voter.”
  • Donald Trump, did you see him today? He was giving candy only to kids who could show their birth certificate and their school records.
  • Economists say rebuilding after Hurricane Sandy will give the ailing construction industry a huge boost. In fact, the storm has already created more jobs than President Obama.
  • “Don’t ask, don’t tell” is back. Not for gays in the military — it’s President Obama’s new policy for questions about Libya.
  • Republicans are accusing the White House of successfully engineering a massive cover-up of the Libyan attack. But, on the plus side, it’s the first time in four years Republicans have given credit to Obama for doing anything successfully.
  • Folks back east are feeling the devastating effects of Hurricane Sandy — 100-mile-an-hour winds, lot of folks without power. Because of the hurricane, both candidates have had to cancel speeches and campaign events. So at least some good has come out of it.

David Letterman

  • Mitt Romney resumed campaigning today. He was visiting those hardest hit by the storm, and that would be swing-state Latinos.
  • The New York City Marathon is still on for Sunday. Typically the New York City Marathon is won by a guy from Kenya. No, no, I’m sorry. I’m thinking about next week’s election.
  • Are you excited about Halloween? People go out pretending to be something they’re not, looking for handouts. It’s like running for president.
  • You folks ready to vote? On the bright side, after Tuesday we’ll finally be rid of at least one candidate. That’s good news.
  • Mitt Romney is reminding everybody about changing your clocks. He’s urging his voters, his constituents, and all Americans to turn your clocks back to 1954.

Conan

  • Everybody’s mind is on Hurricane Sandy. The worst is over. Now people are discussing the cause. Sources say that it was partly caused by global warming. Meanwhile, Fox News said it was caused by two men kissing in Central Park.
  • President Obama now has a 52-point lead with Hispanics. However, Mitt Romney has a 90-point lead with the people who hire Hispanics.

Jimmy Kimmel

  • Mayor Bloomberg announced that all cars coming into New York City via the bridges must have a minimum of three people in them. Unless one of the people is very, very fat — in which case, two people but no sodas.

Now here’s a video that will probably appeal more to my Democrat-leaning friends, but everyone should enjoy it because it is well produced and effective satire. Sort of reminds me of the videos in this post.

In the interest of fairness, here are a couple of cartoons for my Republican-leaning friends. The first one is actually very misguided since it assumes Obama should be doing something about the hurricane. Wrong, emergency response should be an issue for the affected state and local governments.

But just as the video is amusing because if focuses on Romney’s wealth, this cartoon is effective because it focuses on Obama’s inflated sense of self.

This next cartoon is funny for the obvious reason, but it also makes a good point. If my prediction is wrong and Romney pulls an upset, I fully expect the establishment media to produce a lot of navel-gazing analysis about the latent racism of the American people (never bothering to explain, of course, how non-racist people in 2008 somehow became racists in 2012).

Maybe, just maybe, if Romney prevails, the establishment press should be open to the idea that voters aren’t very happy about a rising burden of government spending. That’s certainly what we see in this new polling data.

That doesn’t mean, of course, that Romney would solve the problem. He could be another big-government statist like Bush. Indeed, I think his failure to articulate a pro-freedom message is one reason why he seems to be slightly behind.

But the one thing that comforts me about this election is that the American people seem to understand that government is the problem, not the solution. Gee, where have I heard words like that before?

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Two years ago, I highlighted nine key state ballot initiatives and happily reported about a week later that voters generally chose to limit statism.

We have a similar collection of measures this year. Some of these votes – such as the decisions about higher taxes in California and power for government employee unions in Michigan – will have profound implications and perhaps even signal whether certain jurisdictions are doomed to failure.

Since I’m motivated primarily by the desire to reduce the burden of government spending and block bad tax policy, let’s look first at the key fiscal measures on this year’s ballot.

Prop 30 in California – Would impose a huge tax hike, including an increase in the state sales tax from 7.25 percent to 7.5 percent, along with three new higher income tax brackets (maxing out at more than 13 percent!) for upper-income taxpayers. The adjoining cartoon is a good summary of the issue, as is this classic bit of political humor.

Prop 38 and Prop 39 – Two additional tax hike measures, the first targeting individual taxpayers and the second targeting businesses. I’m not sure which tax-hike proposition is the worst, but they all need to be defeated for there to be any hope about California’s future.

Prop 204 in Arizona – Renewing a one-cent increase in the state sales tax, ostensibly for the education bureaucracy. Money is fungible, so this is merely a vote for bigger government.

Issue 1 in Arkansas – Imposing a half-cent increase in the state sales tax, supposedly for highway spending. Another bait-and-switch scam to trick voters into financing bigger government.

Prop 5 in Michigan – Would require a two-thirds vote of both the state house and state senate to raise any tax. Anything that makes it harder to raise taxes is also a step making it harder to boost the burden of spending.

Prop B in Missouri – Raise the cigarette tax by 73 cents per pack. Politicians in the Show Me state should kick their addiction to big government.

Constitutional Amendment Concurrent Resolution 13 in New Hampshire – A constitutional amendment to prohibit enactment of an income tax. The Granite State has been blessed by avoiding either a state sales tax or a state income tax. It’s almost a shame that there’s a First Amendment guaranteeing free speech, because otherwise I’d be tempted to outlaw even discussion of imposing an income tax.

Measure 84 in Oregon – Would repeal the state’s death tax. This should be a no-brainer. You don’t want to repeat the mistakes of New Jersey and drive productive residents to other states. But Oregon voters have demonstrated a lemming-like suicide instinct in the past.

Initiated Measure 15 in South Dakota – Increases the state sales tax from 4 percent to 5 percent. There’s no income tax, but that’s no argument for making a modest sales tax into an onerous sales tax.

Initiative 1185 in Washington – Reaffirms the state’s two-thirds supermajority requirement before the state legislature can increase taxes. Voters repeatedly have reaffirmed their support for the supermajority in the past. Let’s hope that doesn’t change now.

Now let’s shift to matters of personal freedom and look at ballot measures involving the Second Amendment and the Drug War.

Prop 114 in Arizona – Protects crime victims from being sued if they injure or kill criminals. Yes, there are examples of excessive response, but the easiest way of avoiding those situations – if you’re a criminal – is by keeping your nose clean.

Amendment 2 in Louisiana – Strengthens right to keep and bear arms. If this doesn’t pass by more than 80 percent, I’ll be disappointed.

Amendment 64 in Colorado, Measure 80 in Oregon, and Initiative 502 in Washington – All of these ballot measures end marijuana prohibition to varying degrees. Let’s hope voters take a small step in ending the War on Drugs.

These initiatives are related to fiscal policy, but they belong in a special category since they deal with the necessity of curtailing bloated and over-compensated government bureaucracies.

Prop 1 in Idaho – This measure would retain recent legislative reforms to end tenure in government schools. The only real solution is school choice, but this measure at least should make it easier to get rid of awful teachers that contribute to making the public schools both costly and ineffective.

Prop 2 in Michigan – Creates permanent negotiating advantages for already pampered government employee unions. This is the bureaucrat equivalent of Prop 30 in California, a massive transfer of wealth and power from the productive sector. If it passes, Michigan probably would be past the tipping point in its descent into stagnation and despair.

Last but not least, here are measures on random issues that are very important.

Prop 3 in Michigan – Require 25 percent of electricity to come from renewables. This will be an interesting test of whether the voters of a particular state are so clueless about economics that they are willing to voluntarily boost their own energy bills and undermine their own job prospects. I almost hope it passes just for the lesson it will teach.

Question 1 in Virginia – Limits eminent domain to public purposes. Corrupt developers and their cronies in state and local government don’t like this proposal, which naturally means it is a very good idea for those who support property rights.

Amendment 6 in Alabama, Amendment 1 in Florida, Prop E in Missouri, Legislative Referendum 122 in Montana, and Amendment A in Wyoming – These are all anti-Obamacare initiatives in some form or fashion. Continued resistance is important, even if some of these measures are only symbolic, so fingers crossed that they’re all approved.

You can find more information about state ballot initiatives and referendum here, here, here, here, and here.

And one final philosophical/policy point: In an ideal world, the United States would be like Switzerland and have a much more robust version of federalism. Almost everything that happens in Washington, with the exception of national defense, should either be in the private sector or at the state and local level of government.

A big advantage of a genuinely federalist system is that competition among states would be more vigorous than it is today. So if Michigan voters enacted Prop 2 or California voters approved Prop 30, tho adverse consequences would materialize much faster, thus helping to educate people that free markets and limited government are the best policies.

Addendum: How did I forget the all-important Los Angeles referendum to create a special bureaucracy to monitor condom usage in the porn industry.

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