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Saturday, September 24, 2005

Germany Shows Sign Of Recognition

While not overwhelmingly supportive of Angela Merkel as German chancellor, the German polls show less support for Gerhard Schroeder to remain as such. 42% of the Germans are in favor of Merkel while Schroeder is polling at no more than 30%. That is not a mandate for change but shows that some of the populace is ready for what Schroeder called "over-competition, jealousy and selfishness," with low wages for workers and low taxes for the wealthy.

Besides hitching themselves to France on foreign policy matters, for 7 years Schroeder's economic policies have been similar to France's with high marginal tax rates, high corporate tax rates, overly protective employment laws that stifle business's ability to remove bad workers. This socialist paradise has been leading Germany towards economic disaster with unemployment rates close to 12% and no business growth.

I do not have faith that the German's have what it takes to embrace capitalism before they bottom out. I expect they will lash out with envy at the Irelands and eastern European countries who are implementing low tax policies that gaurantee growth, unemployment and success as they have against America. The "sick man of Europe" will continue the negative trends of a welfare state until it is too late.

My question is will France beat them to the bottom? Some actually refer to them as the "sick men" of Europe. Whatever.

Friday, September 23, 2005

Katrina Timeline and Disaster Action Plan

The Rita preparations continue apace.

Insidious federalists provide this helpful Anatomy of a National Disaster -- The Consequential Timeline of Hurricane Katrina with a "Recommended Action Plan" in case any of us is involved in a disaster. Both the timeline and the action plan are long but worth the time.

Learning To Improvise

As with jazz musicians, only the very talented ones can issue spontaneous solos that challenge and satisfy. Untalented musicians' jams sound just like noise. But Miles Davis can carry you places because of his virtuosity.

Economist Arnold Kling at TCS finds the blamers (and supporters) in the Katrina disaster begin with a false premise:

Critics of the response to Hurricane Katrina in New Orleans tend to focus on the need to formulate and implement better plans. I suspect that a more sober assessment might instead identify poor improvisation as the main problem...I think that people have a tendency to put too much faith in centralized planning, and they do not have sufficient regard for decentralized improvisation. The more ambiguity that exists in a situation--because of its novelty, uncertainty, and the absence of critical information--the more that it favors improvisation over planning.

He believes that the successful responders did not wait for a bureaucracy to come to the rescue but reacted immediately to the needs as they arose. That is the essense of the free market and why we have seen better responses by private initiative than the government during this emergency.

Dependency does not prepare an "improvisational" mind to deal with the unexpected.

Generalissimo Francisco Franco is Still Dead, So is Air America

Mike Taylor keeps us posted on Air America's popularity with Al Franken's family and a few others (and his final suggestion should not be ignored):

Even stealing from children and the elderly hasn’t helped liberal talk radio network Air America out of the basement of radio rankings. If you recall, Air America’s founder absconded with $875,000 from the Gloria Wise Boys and Girls Club. Not that you’d know that from listening to the Main Stream Media.

A review of ratings in a few major markets tells the story:

-- In New York, Air America flagship WLIB has a 1.0 audience share, for 24th place. Also heard out on Long Island, WLIB is ranked 29th overall. WLIB's previous Caribbean programming generated higher ratings.
-- Los Angeles KTLK: 0.8 share, a tie at 30th with two other stations.
-- Chicago's WCPT-AM tied for last place with a 0.4

Apparently, things have progressed from bad to worse at Air America. The ostensibly “for-profit” network has adopted Public Broadcasting system tactics to raise cash: “Send in $50 and get free bumper stickers!”. If you pony up even more cash you can take home a “stylish tote bag”. (Andy Rooney moment: “Have you ever seen a STYLISH tote bag? I haven’t.”)

Don’t believe me? Try this link:

https://secure.airamericaradio.com/

… or if you want to look at a picture of Michelle Malkin while getting the Air America facts you can try this link:

http://michellemalkin.com/archives/003592.htm

From Neal Phenes: And for Randi Rhodes' comparison of the Katrina evacuation with Auschwitz...

Thursday, September 22, 2005

Jindal and Sununu

Larry Kudlow will have 2 excellent guests on today (young superstars of the conservative-libertarian strain): Senator John Sununu and Congressman Bobby Jindal to discuss Katrina recovery and the Operation Offset proposal.

Here is the op-ed Jindal wrote for WSJ last week. He is a state congressman looking to improve the first responders. He may get to test the recent improvements this weekend.

Fuel Is Available And Americans Are Ready

Peter Du Pont wrote an analysis of how our energy needs can be amply (and cleanly) provided by domestic sources. We have also seen how newer technologoes have increased refining capacity and vehicle mileage. ANWR is estimated to contain 16 million barrel of oil. He quotes Daniel Yergin, author of "The Prize: The Epic Quest For Oil", in the following:

So the risks we face are not what Mr. Yergin terms "below ground" geological or lack-of-resource risks. "Rather, they are 'above ground'--political instability, outright conflict, terrorism, or slowdowns in decision-making on the part of governments in oil-producing countries." Meeting these challenges will not be easy, but markets work. Thus, as Mr. Yergin says, "the U.S. government should work to encourage global energy trade, for a more open system would be better for our security."

In short, substantial quantities of oil and gas are out there, and America will be more secure, stable and prosperous if we gain access to them. Recovering from the disaster of Katrina is our first responsibility; securing adequate supplies of energy comes next.

Powerline reports that a Pew Poll finds Americans showing more support for ANWR drilling:

A recent Pew survey shows growing support for ANWR drilling, with respondents supporting the measure by 50% to 42%. Support is growing fastest among Democrats.

Sheehan Is Fading: At Her 18th Minute?

More from Mike Taylor:

http://powerlineblog.com/archives/011746.php

Phil Donahue calls her a “lightning rod of an important effort to stop this immoral war." Then how is that Cindy Sheehan was only able to draw 29 people to her rally at the White House yesterday? If any of you saw the “wire” photos released yesterday, you’d know the power of suggestive cropping. But when one steps back a little, one can see the truth.

Only 29 people. My family reunions in Indiana are larger than that. And many of my family have to drive for a day to get there.

I did not see Hollywood celebs like Ed Begley, Jr. (St. Elsewhere was a loooong time ago, wasn’t it?), Richard Dreyfuss, or political candidates like FBI whistleblower Coleen Rowley among the 29 people. No Howard Dean, no Babs Streisand.

Cindy Sheehan has shown us the power of one, and has demonstrated that we, who are against this war, are not the minority, we are the majority." Rep. Cynthia McKinney, D-GA.

Which pretty much demonstrates the intelligence of Cynthia McKinney.

If you listened to the MSM, you’d swear that Cindy and Cynthia were leading a powerful movement, wouldn’t you?

Bill Makes Up A Good One For The Crowd

The stars kept their Bush-bashing to a minimum in an MSG rock show this week (though Midler could not hold back). It was a Katrina fund-raiser. The best was Bill Clinton making up another whopper for the occasion.

It is reported:

He spoke of the urgent need to get money to the hurricane victims, and reminisced that "the first time I saw a building over two stories tall was in New Orleans, when I was three years old."

I barely remember my grandfather who died when I was 3. But he recalls a 2-story building. Maybe that speaks more to me and my awareness. I think he saw that the day before he saw churches being burned down. But it was a nice one for the event.

The Gulf Prepares

The WaPo provides a good overview of preparations being made for Rita in Galveston, Houston and New Orleans. Early evacuations, supplies on the ready and expected law enforcement and other emergency personnel to remain on their posts. It is going to be a big one. let's all pull for the people.

Economist Refutes Nader

Always wrong on the economics of an argument, Ralph Nader (sorry, no link) is refuted by Don Boudreaux in this Letter to the Editor to the WSJ:

To the Editor:

Ralph Nader alleges that "a belief in market forces as a viable means to raise gas mileage is foolish" because of "oligopoly" and "the historical intransigence of the automakers [who] unite to resist the production of efficient vehicles" (Letters, Sept. 21).

What oligopoly? By my count, there are 23 different automakers, headquartered in seven different countries, selling cars in the U.S. No theory or evidence suggests that this many producers can act in oligopolistic concert. Indeed, with so many rivals, any automaker that intransigently ignores genuine consumer demand for more efficient vehicles will soon find itself bankrupt.

Sincerely,

Donald J. Boudreaux

Post Katrina Compassion

In Marvin Olasky's "Seven lessons for post-Katrina compassion", he suggests tax credits or deductions for people who offer room and board in their own homes to Katrina victims. The government gives dedcutions for the impersonal (but needed) money donations. Why not for the people who give directly? It beats government housing and bread-lines.

Olasky has 6 more good ideas.

Germany Dropping Fast And Accepting It

From Mike Taylor:

Germany’s Election: Things Will Have to Get a Lot Worse Before They Get Better

Subhead:
“…A fellow in Marseilles is being charged with fraud because he lived with the dead body of his mother for five years in order to continue receiving her pension of 700 euros a month.” (He hid her body under pile of rubbish in the living room.)


This article by Mark Steyn should be appreciated by all Et Tu Bloggers. Germany recently had an important national election and Gerhard Schroeder (he of the famous “Axis of Weasels”) finished in a virtual dead heat with Angela Merkel, a reform candidate who lost her nerve as the election date got closer.

Steyn concludes that a good percentage of Germans are just not ready to acknowledge that their economy is moribund and their addiction to welfare payments isn’t helping them make good decisions. Steyn describes what it all means with much more panache and precision than I possibly could.

To wit: Like the man in Marseilles, many in Europe’s electorate are willing to put up with the stench of a dead and/or dying socialist economy as long as the meager welfare checks keep coming. Here are the cold hard German facts:

German unemployment? The highest for 70 years. At 11.4%... just think if the USA had that many jobless! Would any President be re-elected with that number?
German house prices? Down.
German new car registration? Nearly 15 per cent lower than in 1999.
A third of Germans under 30 think the United States government was responsible for the terrorist attacks of September 11.

But Schroeder was against the invasion of Iraq… that’s got to count for something, right?


Michael Taylor

Our Opponents Respond

For anyone who skips the Comments section, the following was a "comment" from one of with an opposing opinion to the piece Hillary's Short Stay OK With NYers

Anonymous said...
Sorry, but no matter how you want to spin it, Rick Lazio was a nincompoop who lost by double digits. That's not a competitive election. He got steamrolled by Hillary. Today, he's a nobody, because he's a two-bit RepubliKKKan asswipe (who, by the way, tried to carpetbag himself into a new district after his old one realized he was a cunt). It will be the same with that piece of shit Jeanine Pirro. She will yet another forgotten two-bit RepubliKKKan asswipe. Well, maybe not forgotten. When she's out of office, look for a nice little investigation into how the MAFIA infiltrated her and the rest of the Westchester RepubliKKKans, and got hundreds of millions of dollars in taxpayer money for government contracts.


By the way, to all you Randroid mouthbreathers: fuck you. Go to fucking hell with your racist whining about how the blacks of New Orleans are ruining your bullshit plan to revoke the estate tax. We should drown all of YOU in a bathtub, you sick motherfuckers.P.S. - Do you have page 10?

People without an argument scream and name-call. I am keeping this post to prove the point.

Oh, and one rebuttal. No, not in response to the racist denigrations. But as to the estate tax, it costs as much to administer as it collects in revenue while harming the economy in the process.

Wednesday, September 21, 2005

Hillary's Short Stay OK With NYers

Dick Morris thinks Hillary Clinton will get a tough race from Jeanine Pirro in the NY Senate race becuase NY voters will suspect her stated intention to remain a senator for her complete term. We all know she will be running for President in 2008.

Writes Morris:

Armed with the doubts of New Yorkers about Hillary's fealty and protected by her social liberalism, Pirro will make a very effective challenger. She will almost certainly make the race closer than the 12 points that separated Hillary from her 2000 Republican challenger, Rep. Rick Lazio. And Pirro will make her work hard and spend tens of millions of dollars. And she might just beat Hillary. Which raises the question: Why is Hillary running for reelection to a job she wants to leave? New Yorkers will all be asking, so Hillary might want to ask herself.

I do not think NY Democrats care very much about her using the senate position as a stepping stone to the White House. That is the over-riding desire of Democrats. NYers will be more than willing to have a largely vacant seat in the Senate as she campaigns for President. The debilitating anxiety over the Bush Presidency can only be lifted ny regaining the White House with any Democrat. The worship of many Democrats for Clinton causes their local interests to take a back seat to the national needs.

However, if an unknown like Lazio actually lost by only 12 points, the resume and sex of a Pirro challenge can reduse the deficit substantially.

Katrina Victims Need Capitalism

While George Bush's rhetoric in favor of free market capitalism has been flawless, his actions have been spotty at times. He has pushed through needed tax reductions but on trade he has occasionally supported tariffs (on steel). His refusal to reign in Congress has led to massive pork-laden bills that have been largely proposed by Republicans. Economic ignorance is not the sole purview of the electorate.

However, with the massive Katrina rebuilding costs proposed by Bush, the economic ingnorance of the politcal class is proposing tax increases to pay for the increased costs.

To the rescue with his usual calm and knowledgeable insights is Jack Kemp. Kemp writes that the tax raisers are wrong and:

even at lower tax rates enacted under Bush tax revenues have grown more than 16 1/2 percent for two straight years. And the capital gains tax is not a tax on the rich, it's a tax on the poor who want to get rich.

The deficit, while numerically large, is but 3 1/2 percent of our $11.9 trillion gross domestic product, which people conveniently ignore when talking about deficits. Growth at 3.5 percent to 4 percent is essential to keeping our revenues sufficient to meet this challenge, and this is no time for the Federal Reserve Board to raise interest rates and slow down the economy.

My guess is the political value of Katrina to big government types of all persuasions has unleashed more populist cals for higher taxes. They have been proven wrong since Bush enacted the tax cuts. They will make our economy as sluggish as Europe's. If so, no one will benefit, mostly Katrina victims.

One admission. Jack Kemp a major reason I moved from life-long Democrat to recent Republican.

Tuesday, September 20, 2005

Liberal Cities Study

It has been widely written that New Orleans contained a disproportionate percentage of poor citizens than other cities. It has been assumed, based on its history of minority mayors and general voting for Democratic candidates for state and national elections, that it is a "liberal" town. Our intuition is correct.

Clifford Thies does the numbers crunching in asking Can Government Build Cities? in the always provocative Mises Institute website. Thies looks to see whether "liberal" cities, as defined by The Bay Area Center for Voting Research, prove the liberal approach to governance is successful or not. Thies explains that

The Center for Voting Research means the contemporary, American political definition of the word [liberal], which involves a willingness to use the taxing, spending, and regulatory powers of government to redistribute wealth and to control behavior.

These collectivist-philosophy dominated cities, as compared with "conservative" cities, have decidedly higher unemployment rates (fluctuating at about 7.5%), higher murder and non-negligent manslaughter rates and lowest population growth rates (though NYC bucks the trend and may have attracted more people due to Giuliani's improvements).

Where does New Orleans fit? It is the 26th Most Liberal city but jumps up to #2 "with a bullet" for highest murder rate.

And in this post-Katrina environment Mayor Nagin is removing the guns from the legal bearers?

Government Failure Was A Given

In a real "must read", David Boaz of Cato writes about the massive failure of all levels of government in the Katrina preparations and response.

While blame for almost every error and omission of government is abundant, and I learned about a few more instances of government's refusal to allow relief efforts of many, (how about Governor Blanco refusing to allow doctors not licensed in Louisiana to enter and provide medical assistance in the Superdome?), Boaz points to the dependency of the victims upon government that stunted their innate survival skills:

Who were the people who suffered most from Hurricane Katrina? The poorest residents of New Orleans, many of them on welfare--the very people the government has lured into decades of dependency. The welfare state has taught generations of poor people to look to government for everything--housing, food, money. Their sense of responsibility and self-reliance had atrophied. When government failed, they had few resources to fall back on.

Some journalists have suggested that the despair of poor New Orleanians undermines President Bush's case for the "ownership society." In fact, the suffering visible in the poorest parts of the city is a perfect example of the failure of the "non-ownership society." People had become trapped in dependency, with neither financial nor moral assets to rely on.

Now think about the dependency of people upon Social Security. People's skills to save and prepare for their futures have been atrophied by the promise of a secure retirement by the government. The reality for most retirees living on social security is far from the government's promise yet opponents to private accounts still argue that more money is needed to salvage the bankrupt system. Meanwhile, private investment accounts would allow people to develop savings skills that can influence their spending decisions throughout their lives. This way, rather than hoping that government has the competence to see them through their old age, individuals can decide and prepare for their personal needs.

And that is the real lesson of Katrina. You cannot bank on the competence and talent of government. Democrats think that if only they were in charge, their better skills and intentions would have delivered the needed services better during the crisis. Republicans of the big government type feel they can do it better. Both parties were well-represented ion the Katrina fiasco. Both groups failed because, as with an economy, their desire to coordinate activities and to centralize decision-making lead to disaster. Admittedly, traffic lights necessarily control traffic and avoid collisions that would have occurred in their absence. But the scope of the services that were needed exceeded the ability of this government. I submit it will always exceed the grasp of government.

Monday, September 19, 2005

MSM Attacks Bush- What's New?

Andrew "Skip" March writes about the "sainthood" of Clinton and the continuing MSM assault on Bush:

William Jefferson Clinton, the darling of the MSM has re-energized their assault on the Bush Administration. Just as recognition of the MSM's bias was beginning to get some traction amongst Americans, Bill Clinton provides additional anti-Bush fodder on the Sunday talk show circuit. This morning on IMUS, Howard Fineman is not only ignoring the utter failure of Great Society Programs, he is invoking President Johnson's as a symbol of leadership during catastrophes. Further he is talking about how President Clinton is lending his good name to the Katrina relief effort.

Don't I recall Slick Willy's legacy lying on the ash heap of history along with his policies of inaction that brought you 9/11...until President Bush put him back on the world stage with the Asian tsunami relief effort? Let's face it, the MSM can't help itself. Not one word of the complete failure of Great Society Programs, the complete collapse of leadership where it was most needed at the state and local level and the reluctant acceptance of responsibility by Governor Blanchead. Blanco's admission is like Slick Willy finally acknowledging that he disgraced the Presidency in his memoirs.....Duh!!

Fineman is also pointing out how the Republican Party is playing race politics by disbursing the New Orleans poor black population. Gee, if I gave 2 seconds of thought to this I'd come to the clear conclusion that it was decades of Democratic racial politics and the complete neglect of the poor during a natural disaster by a Democratic Party, black mayor and white governor that has disbursed a poor black population. And by the way, while many do want to return to New Orleans and will with the assistance of the Bush Administration, many will not of their own choosing. Also not pointed out this morning.

But Bill Clinton is now riding to the rescue of the Democratic Party and the MSM. Hillary's run for the Presidency is now in full force. And remember, this has got nothing to do with the well being of the poor in New Orleans or anywhere else for that matter.


Might I add, let's see the spin on this major foreign policy success of Bush: North Korea Pledges to Give Up Nuclear Weapons Program . While it is only a first or second step, if you will,

''This is the most important result since the six-party talks started more than two years ago,'' said Wu Dawei, China's vice foreign minister.

Rehnquists Death Is A Loss To "A Federal Government of Enumerated Powers."

Jacob Sullum asks "Is Anything Not Interstate Commerce?" While Judge Roberts appears to be a disciple of Rehnquist, quoting Sullum:

"We start with first principles," the chief justice wrote in the 1995 decision U.S. v. Lopez, which overturned the Gun-Free School Zones Act of 1990. "The Constitution creates a Federal Government of enumerated powers."

Sullum sees the court and President Bush has turned away from this principle in Raich. He sees Bush as far from embracing the enumerated powers concept:

A president who thinks the federal government should oversee every school system in the country and pay for every senior citizen's prescription drugs is clearly not eager to pursue the Framers' vision of a political system in which such matters "are reserved to the States respectively, or to the people," as the nearly forgotten 10th Amendment says.

Conservation Starts With Ownership

Jeff A. Taylor on Reasononline writes about the disinsentive to save when there is no ownership. His example is how mayor Nagin left 400 buses to rot unused before and during katrina while imploring "every doggone Greyhound bus line in the country" (a private company)to come to the aid of his city.

He compares that with the fact that private ownership of gas allowed for price increases to allow for the orderly allocation of gas throughout the eastern half of the US until capacity returned. Had government been in charge of the supply:

Would a government-run monopoly have permitted prices to zoom past $3 a gallon, reflecting both reduced refining capacity along the Gulf and, more importantly, power outages on key gasoline pipelines to the East? Or would a government decree have muted this powerful conservation signal to everyone on the supply chain? There is little question that, judging from the hys terical ravings about "price gouging," that a system of rationing and price controls would have been instituted, thereby guaranteeing long, costly lines to get gas and quite likely an exhaustion of the limited supply as consumers bought too much gas at artificially low prices.

This just occurred with me. We have a free coffee machine in the office. I had let half a cup get cold while working. I went back to the kitchenette and, instead of reheating the coffee in the microwave, I poured out the cold coffee and got a fresh one in the coffee dispenser. If I had to pay for it, I would have reheated it in the microwave. Whenever I pick up a coffee at Starbucks, I reheat it until it is gone.

Government Is A Deadbeat Spouse

Star Parker takes issue with Bush's speech on Katrina where he alluded to the poverty as a result of racism. Parker pints out that the current mayor and police chief are black while many prior mayors of New Orleans have been black. If there is a lack of opportunity for blacks, she asks:

How can racial discrimination be the operative holding blacks down in a city in which at least seven out of 10 residents are black?...Black presence and power in New Orleans are wide and deep.

Telling is the reliance the non-evacuated people had on government to take care of them. When 7 out of every 10 families in New Orleans have one parent, mostly women, there is absent a strong "other half to lighten the parental load and to lead where necessary. So it was natural for these people to rely on government to show them the way to the Superdome and its brand of nurture and protection.

As for poverty, Parket places the blame on liberal programs of the 1960's (that I admit I wholeheartedly endorsed most of my life until people like Parker have shown me the detrimental effect of them). She writes:

When I discuss social statistics with audiences around the country, I invariably hear gasps when I point out that the out-of-wedlock birthrate today among young white women (30 percent) is higher than it was among black women 50 years ago. There, of course, remain residuals of racism in America today, and it's news to a lot of whites that black families were relatively intact, headed by married couples, in the '40s and '50s. Today's out-of-wedlock black births and single-parent households are triple what they were then. The collapse of the black family took off when big government programs, particularly welfare, were launched, compliments of black and white liberals, after the civil-rights movement.

Sunday, September 18, 2005

NYT: Pensions Need More Government Help

The NYT reports on the dastardly acts of dastardly corporation raiders who drop their pension plans upon take-over in Whoops! There Goes Another Pension Plan . The article focuses on Wilbur Ross who has done this before and plans to do the same in his bid for Delphi. This process rids the acquired company's balance sheets of billions of dollars in obligations and forces the federal government to assume the abandoned pension obligation. The federal agency that assumes obligations of failed pension plans is in the red: as of last year it had a deficit of about $40 billion as of last year and the CBO estimates the deficit will reach $87 billion in 2015 and $142 billion in 2025 (all number admitted rounded up for effect).

Writer Mary Williams Walsh focuses on the ill-intent of the corporate take-over executives who abuse of the system honorably put in place by our Congressional protectors to bail-out employees of financially strapped companies.

Premiums per employee are charged to every employer at the rate of $19 per employee without consideration of risk. That would be like everyone paying the same auto premiums regardless of accidents or the same life insurance premiums regardless of age and health. Thus, healthy or less accident-prone companies are picking up the cost of the unhealthy or accident-prone competitors.

Pension law professor James A. Wooten explained that Congress that passed this boondoggle legislation:

knew it was creating an imperfect system when it established the pension corporation in 1974, and that it expected to make improvements later. The bill was highly contentious, and Congressional leaders struggled mightily to achieve compromise in the last chaotic months of the Nixon presidency, with the Watergate scandal roaring around them.

I guess it was Nixon's fault for distracting Congressmen as they performed brain surgery on the economy. If only Nixon did not make so much noise while they were reading the complicated draft legislation.

Has anyone ever heard of the term "moral hazard"? Certainly not Congress. A few years back taxpayers had to pay for the billions lost by S&L's in their bad banking practices. Critics of FDIC legislation warned of that kind of bail-out potential back in the FDR years. Now, we have Social Security in the red because business assumptions changed with a diminution of paying employees for the retirement benefits of retirees. Wage and price controls and protective tariffs have hurt our economy over the years (and extended the Depression). But Congress keeps stepping into business activities as the "just try to help the little guy".

Quoting Professor Wooten about Congress:

"They took cautious steps, and those cautious steps weren't enough to prevent the abuse of the insurance program," Mr. Wooten said. "Once there's insurance, you have an incentive to run up liabilities to get more out of the insurance."

Imagine if they took bold steps!?

Wilbur Ross is merely legally taking advantage of loop-holes our lawmakers never saw coming as they drafted and approved the legislation. But Ross offers a solution:
[T]he country should look for a new way - maybe a value-added tax on imports - to bolster the pension-insurance program or to provide health care to retirees. He said he had suggested this approach to some members of Congress, but in vain. "So far, they've really seemed more interested in lashing out at China," he said.
That's it Mr. Ross. The best way to protect workers and jobs and the economy and our competitive stature world-wide is to assume all responsibilities for healthcare and retirement benefits. If we did that, we sure could forget about China! We could be just like Europe!

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