Tag: Jonathan Williams

14-06 Why Bidenomics is Bidumbnomics | Mainstream Media is Lying

14-06 Why Bidenomics is Bidumbnomics | Mainstream Media is Lying

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Show 14-06 Summary: This week, it’s all about cutting through the mainstream media propaganda about the economy. Especially the lies about Bidenomics. Because it’s more Bidumbnomics than anything. Bidumbnomics is a good way to kill the economy, interfere with markets, and promote products and ideas that don’t work and cost more. Bidumbnomics are dumb economics policies that require dumb people in the media to not ask questions and keep people misinformed about how bad things really are. Like not questioning the miracle January 2024 jobs report. Or looking at the failure of 100s of billions wasted on “green energy.” (It’s not green.) Plus, Oregon is not immune. Oregon democrats also love Bidumbnomics. Spend more. Tax more. Ignore reality. Like Oregon democrats’ plan to raise statewide property taxes and do away with the current caps on property tax increases.

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Original Air Dates: February 10th & 11th, 2024 | Guest: Jonathan Williams

This Week – Bidenomics is Bidumbnomics

All you need for dumb economics policies like Bidumbnomics to be perceived as “working” is to have a willing media to spread government propaganda. And the media needs to be dumb enough about economics to not ask any questions about what they’re told. And certainly not do any kind of even simple analysis.

That way, the media keeps people uninformed. Because if people really knew how bad things were, they would be demanding answers. And politicians never want that. They want compliant sheep people who stay out of the way. Miserable peasants.

Dumb economic policies like Bidumbnomics depends on people staying quiet. But EU farmers won by speaking up.
Public outcry works! (click image for full-size)

Why? Because when people do know what their politicians are actually doing, and the actual outcomes of their schemes, people tend to revolt. And, yes, public outcry really does work.

Take a look at the win in the EU when farmers had had enough. The public joined them. And now the EU gave in to their demands.

Farmers win! “Why Europe’s green plan balked on farming”

Bidenomics is Bidumbnomics Examples

Look no further than the boondoggle of Biden’s dream of a wind farm in every pot. Bidumbnomics sank several 10s of billions of your money into expensive wind farms. Especially very expensive offshore wind farms. But these expensive Bidumbnomics boondoggles have done so poorly, despite all that free cash from U.S. taxpayers, that multiple wind farm companies have cancelled contracts. And they were willing to do so because the economics of it was so poor that unless they get free cash it was a better deal to cancel the deal.

Think of that. Companies willing to take a loss of 100s of millions rather than go through with it and lose even more. And in the case of one company, they took a 4 billion loss.

Now that is Bidumbnomicsat work. Waste companies’ money, waste taxpayer money, and all for products that are less effective and more expensive to ratepayers.

Wow.

An Actual Economist Breaks Examines Bidumbnomics

We welcome back Jonathan Williams, the executive vice president of ALEC — the American Legislative Exchange Council. Jonathan is also their chief economist. And we walk through the truth about that blockbuster January jobs report. It turns out, it is more fantasy than fantastic. See this great analysis from ZeroHedge: “Inside The Most Ridiculous Jobs Report In Recent History“.) And we all know this fantasy will be corrected downward in a month or two after they got their useful idiots in the media to repeat their headline to the point where most people will think Bidenomics is working.

But to be fair, not all economic news in the mainstream media is propaganda to prop up Bidumbnomics. Sometimes, it’s more of a confession. Like Jerome Powell appearing on 60 Minutes. Who told America that we just can’t spending like we are.

But other times, it is definitely propaganda. We take a look at the slumping EV (electric vehicle) sales. After spending, yet again, 100s of billions of taxpayer dollars on the EV boondoggle, including mandating sales quotas, Bidumbnomics strikes again. EVs sales are way down.

Don’t miss the terrific article mentioned during the show about the impact of government interference in a normal market. “The West’s Humiliating Electric Car Climbdown has Begun“

And even in Oregon, they are nowhere near their lofty goals of 250,000 EVs by 2025.

Oregon Democrats Embrace Bidumbnomics

Speaking of Oregon, the democrat governor and democrat-controlled house and senate want their own version of dumb economics. Like ignoring people’s economic reality to impose their ideology. And mainly, that’s more spending of taxpayer dollars to reward the political allies. There is never enough money to spend all they want on everything they want.

The answer? Raise taxes. And not just a little. They want $3 billion in more taxes. And, as if they haven’t driven enough people away, they want to eliminate and caps on statewide property taxes.

The only reason why even more Oregonians haven’t driven away is their EV must have run out of charge. Maybe that’s why Oregon wants to mandate even more of them.

But wait, it gets worse. Not only do Oregon elected democrats want to spend more, Tobias Read, the democrat in charge of Oregon’s Treasury wants Oregon’s PERS to make less money. By forcing Oregon’s investment into “Net Zero.” Uh, Toby, in case you missed it due to Bidumbnomics government propaganda media, but Net Zero funds are losing money by the day. Intelligent investors are getting out of Net Zero funds, not in. Perhaps Oregon’s PERS being in the hole by a mere $28 billion just isn’t enough?

Tune in to get the info you need. to be better informed on economics and real economic policies. So when your legislator wants to go full Bidumbnomics, you have the info you need to convince them otherwise.

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Research, Links Mentioned & Additional Info

  • Jonathan’s organization is ALEC – the American Legislative Exchange Council. Find out more at ALEC.org.
    • Encourage your representatives to join ALEC! There are state and city memberships. Help elected officials understand economic problems and the real solutions available to get out of them! Send them this link: https://alec.org/membership/.
    • And you too can join as a private-sector member!
  • You can follow Jonathan on Twitter at @TaxEconomist.
  • Farmers win! “Why Europe’s green plan balked on farming” (Semafor, via Yahoo News, Feb 7, 2024)
  • Inside The Most Ridiculous Jobs Report In Recent History (ZeroHedge, Feb 03, 2024)
    • All job gains in the past year have been part-time workers (+870,000). Full time have decreased by 97,000
    • Native vs Foreign-Born workers . All job creation in the past 4 years has been for foreigners. Zero job creation for native since 2018
  • The West’s humiliating electric car climbdown has begun” (The Telegraph, via Yahoo News, Feb 2, 2024)
  • Bidumbnomics in Oregon: “PGE and why the EV revolution is stalling” (Oregon Catalyst, Feb 4, 2024)
    • “In 2019, Senate Bill 1044 set a target of 250,000 registered Zero Emission Vehicles on Oregon roads by 2025. … [But] the number of Oregon-registered zero emission vehicles on Oregon roads as of September 2023 (with less than a year and a half to go) was just 70,000. … The likelihood that this number will grow to 250,000 over the next 12 months is nil.”
  • Plan to make Oregon retirement fund carbon neutral relies on industry, Wall Street doing the same (OPB, Feb 7, 2024)
  • HJR 201 is a Statewide Property Tax (Taxpayer Assoc, Feb 5, 2024)
  • “1,287 testify against Statewide Property Tax (HJR 201)” (Taxpayer Association of Oregon, February 14, 2024).

For further reading on Bidumbnomics

 

13-46 Economy or Environment, Bad Government is a Whale of a Mess

13-46 Economy or Environment, Bad Government is a Whale of a Mess

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Show 13-46 Summary: A blast from Oregon’s past, the national debt continues to blow up, and story from right here in Oregon about how bureaucrats are throwing themselves on the grenade of success. Plus, environmentalists have traded saving whales to killing them – as long as they get their billions of dollars. And those offshore windmills may not be as green as they’re made out to be.

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Original Air Dates: November 18th & 19th, 2023 | Guests: Jonathan Williams & Terry Johnson

This Week – Economics and Wind Farms

We start off this week’s show with a look back to Oregon’s “Exploding Whale” story. It’s as good a metaphor as anything for the state we find ourselves in. As in the general state of affairs but, yes, state of Oregon too.

Why? Because the exploding whale is a great example of bad ideas by government officials that make a bad situation even worse. And, yet still worse, government officials with those bad ideas don’t get fired. They get promoted up the ladder.

Where in reality does this make sense?

Bidenomics

We welcome back a good friend of I Spy, ALEC’s chief economist Jonathan Williams. With the US House once again passing a continuing resolution or “CR” to keep the government open, we see our national debt soar. Jonathan discusses the deficit and debt and why there’s a lot of hope of finally getting our government’s spending addiction under control with the new House Speaker, Mike Johnson, who is a former member of ALEC from when he served in the Louisiana House. There is also the matter of Moody’s downgrading the U.S. credit rating with our treasury sales taking a big hit. And a story from right here in Oregon of government throwing itself in the way of prosperity.

Because in Lane County, a factory originally built for $1.6 billion by Hynix, a chip maker, has been sitting idle for 15 years. Now, Stratacache wants to open it to make micro-LED screens (the kind you see as menu boards in fast-food restaurants) and will hire 100s of employees. They were even given a $19 million from the State of Oregon to get going. But Lane County is blocking them. Because they are demanding $2 million property taxes.

Can you believe this? (Well, it’s Oregon, so yes. Yes we can.) Three hundred workers at an average of $40,000 each is $12 million dollars of taxable income. Every year. But that bureaucratic whale-exploding mindset has taken over and they’d rather blow up the deal. Sacrifice $12 million to get $2 million. That’s government.

Hint: empty buildings produce nothing.

CFACT: Save the Whales

Who had “conservative organizations sue the government to protect endangered whales” on their 2023 bingo card? Anyone?

Decades ago, environmentalists — the real ones, not today’s latte crop — fought to save the whales. They would risk their lives to put their boats and rafts between whales and the harpoons of whaling vessels.

But that was then. Now there is 100s of billions of free taxpayer cash to be had. What’s a few endangered whale deaths when you can be given billions. If you support the green agenda. And offshore windmills that aren’t green.

What’s that you say? Windmills not green?

We talk with Collister Terry Johnson, a senior policy advisor about their fight to stop offshore wind farms. CFACT sent the government a 60-day notice of intent to sue. This is a legal requirement, giving the federal government time to correct a mistake or rule violation. In this case, violating the endangered species act by plopping all these wind farms off shore. Right in the middle of whale migration areas. Including the Right Whale, which is highly endangered with only about 350 of them left.

If the government fails to take action within the 60-day window, CFACT and The Heartland Institute, will sue. And this lawsuit could have far-reaching implications. Not just stop the Virginia offshore wind, which it’s aimed at. But even shut down existing wind farms.

These wind farms that only exist because of billions of those taxpayer dollars. But, it turns out, a new study has been released that shows that these offshore wind farms may not be “carbon neutral” after all. In fact, they may be putting more CO2 into the air than they help prevent.

Whoops. There goes the whole point of their existence in the green energy sphere.

We only learned about the study the morning of our interview. But you can bet we’ll dig into it in a future show. You can read it here: How Offshore Wind Drives Up Global Carbon Emissions.

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Show Notes: Research, Links Mentioned & Additional Info

Jonathan Williams’ Segments (1–3)

  • Jonathan’s organization is ALEC – the American Legislative Exchange Council. Find out more at ALEC.org.
    • Encourage your representatives to join ALEC! There are state and city memberships. Help elected officials understand economic problems and the real solutions available to get out of them! Send them this link: https://alec.org/membership/. And you too can join as a private-sector member!
  • Romney and Manchin Call for Commission to Stabilize US Debt (Yahoo News, Nov 9, 2023)
    • How very brave of two people who are leaving the senate.
  • Oregon income inequality grew again in 2021 (KLCC, Nov 13, 2023)
  • Salem payroll tax failing by large margin (Statesman Journal, Nov 7, 2023)
    • A citizen’s group forced Salem’s proposed tax on the ballot.  When people can actually vote on the outrageous they vote it down.
  • Oregon awarded millions to reopen a Eugene tech factory; a property tax fight could stand in the way (OregonLive, Nov 5, 2023)

Terry Johnson Segments (4–6)

  • CFACT issues “intent to sue” over offshore wind, releases new study (CFACT, Nov 14, 2023)
  • THE STUDY:
  • Collister (Terry) Johnson on “Joe Thomas in the Morning” shreds Dominion’s wind project (CFACT, Oct 12, 2022)
  • Repeal the Virginia Clean Economy Act (VCEA), Latest  News: Release Of Second Video and Calling For Investigation (Repeal the Virginia Clean Economy Act, No Date)
  • EXCLUSIVE: ‘Demonic’ off-shore wind farms are blamed for New Jersey whale deaths: Former SNL star reveals ‘green energy companies’ are sending ultra-loud blasts into water every 10 seconds that make mammals think predators are chasing them (UK Daily Mail, Nov 15, 2023)
  • Oregon tribes push back on offshore wind (Bend Bulletin, November 11, 2023)

Moody’s Downgrade of US Credit

  • Uh oh. Moody’s turns negative on US credit rating, draws Washington ire (Reuters, Nov 10, 2023)
  • Moody’s downgrades US debt rating outlook to negative (The Economic Times, Nov 11, 2023)*“Due to interest rate hikes by the US central bank to curb inflation, the cost of debt for the United States has ballooned, with Washington paying $162 billion more for interest in the last fiscal year compared to 2022.”

Worst Bond Market: Fewer Buyers Willing to Buy US Debt

  • 2022 was the worst-ever year for U.S. bonds. How to position your portfolio for 2023 (CNBC, Jan 7, 2023)
  • 2022: “The Worst Bond Market Ever: By history’s standards, stocks have not performed too badly, but bonds certainly have.” (Morningstar, Nov 21, 2022)
  • Government Bubble Burst: Treasury bond investors have been taking a historic beating. (Wall Street Journal, Oct 18, 2023)
    • “Although most of our national debt was issued when interest rates were low, that debt is quickly rolling over into a high-rate debt environment, and further borrowing continues. Without corrective action, interest costs could total more than $13 trillion over the next decade and $1.9 trillion per year by 2033.”
  • The collapse in Treasury bonds now ranks among the worst market crashes in history (Markets Insider, Oct 5, 2023)
    • Since March 2020, Treasury bonds with maturities of 10 years or more have plummeted 46%,  while the 30-year bond had plunged 53%.
  • Dreadful Treasury Auctions May Continue As Buyers Evaporate (Seeking Alpha, Nov 10, 2023)
    • “The 30-year Treasury auction on Nov. 9 was horrific. It saw one of the widest high-yield to median yield spreads since 1990 as the indirect acceptance rate plunged.”
  • The $24 Trillion Problem Haunting Wall Street (NY Intelligencer, Oct 18, 2023)
    • “When Wall Street sizes up the world’s risks, one way traders make their bets on the future is through the market in U.S. Treasuries.”
  • Demand for 30-Year Treasuries Proves Weak, Sending Yields Surging (Wall Street Journal, Nov 9, 2023)
    • “Primary dealers, big banks who are obligated to finance whatever portion of a Treasury auction isn’t purchased by other investors, bought nearly a quarter of the issuance. [That’s] more than double their average in recent 30-year auctions.”
13-29 Bidenomics is Killing Capitalism and The Little Guy

13-29 Bidenomics is Killing Capitalism and The Little Guy

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Show 13-29 Summary: This week, we’re looking into Bidenomics and what’s happening in the wider economy, what’s supposedly real (allegedly booming) and what’s real (it’s not booming). We also take a look at the hand-in-glove relationship between Big Government and Big Business — as they partner to make each other stronger, bigger, and more powerful. Meanwhile, there’s small businesses and the taxpayer but government’s relationship with them is more hand-in-pocket. And, as one might expect, Oregon dropped two spots in the latest Rich States/Poor States ranking of state economies. We discuss why.

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Original Air Dates: July 22nd & 23rd, 2023 | Guest: Jonathan Williams

This Week – Bidenomics Killing Capitalism

It’s no secret that socialists hate real capitalism and the free market system because it means government is not in control. People are. And it makes the little guy wealthy and independent of government. And that’s the mortal enemy of socialism.
Enter Bidenomics. Which is the perfect (for socialism) answer to capitalism. Bidenomics marries Big Government with Big Business providing the socialist kill shot for capitalism.

Under Bidenomics, Big Business flourishes. Why? Because Big Government squeezes out Big Business’s competitors by using regulations to choke smaller companies’ profits while Big Business plays by different rules. In a regulation-heavy market, guess who wins? The ones who can afford the most lawyers and lobbyists.

Take a listen to this brief video mentioned during the show to see how Bidenism is causing a lurch toward monopolies in the banking sector. To squeeze out their smaller competitors. (The original tweet is from Dr. Peter St. Onge.)

Jonathan Williams of ALEC

We talk Bidenomics with Jonathan Williams, the Executive Vice President of Policy and Chief Economist for ALEC — the American Legislative Exchange Council. ALEC is the nation’s leading economic policy think tank, working directly with state legislators to pass free-market solutions to Big Government’s constant overreach.

Jonathan discusses what’s really happening with Bidenomics. No surprise, the Biden admin is on full spin mode trying to make people disbelieve the evidence of their own eyes. Inflation, high prices that keep getting higher, and more. But we’re told but the Bidenomics priesthood this is all a good thing.

And we talk about the corruption happening now in Washington, D.C., which Jonathan likes to call, the Land of Make Believe. Did anyone ever expect to see this much corruption and no one do anything about it? Not even pretend to be interested?

And what about that lurch away from capitalism to monopolism — where Big Government works hand-in-glove with Big  Business to kill off their competitors.

Finally, we talk about ALEC’s latest Rich States, Poor States edition, which came out in April 2023. Oregon dropped a couple of spots. Which probably surprises no one who lives in Oregon. But find out why.

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Research, Links Mentioned & Additional Info

Visit Jonathan Williams’ terrific organization, American Legislative Exchange Council or ALEC. And urge your state representatives and senators to get become part of ALEC.

You can follow Jonathan on Twitter at @TaxEconomist

How did Oregon do in the 2023 edition of Rich States, Poor States? Not so good. Explore all the states or jump to Oregon’s rankings.

Disney Might Sell Off TV Assets Like ABC, CEO Bob Iger Says (Forbes, July 13, 2023)

Disney CEO Bob Iger in ‘damage control’ mode over possible sale of ABC, ESPN (NY Post, July 19, 2023)

Millions of U.S. Jobs Are at Risk From Climate Policy: Joe Trotter in Delaware Valley Journal – American Legislative Exchange Council (ALEC, June 22, 2023)

Kotek doles out 22% raises, $1500 inflation bonus (Oregon Catalyst, July 19, 2023)*The end result is the latest agreement for these Oregon government employees which includes a 6 point 5 percent raise this December and another 6 point 5 percent raise in 13 months. Other employees will be getting between 13 and 22 percent raises. It also includes a one-time $15 hundred dollar bonus to handle inflation.

Not Mentioned but Related

Field Office, Defaults on $73.8 Million Loan (Willamette Week, July 17, 2023)*Field Office, a 2 hundred 90 thousand-square-foot office complex near the Willamette River, have defaulted on their $74 million dollar loan. It’s due to being unable to find enough tenants.

Oregon Doctors seek to form a union (Oregon Catalyst, July 17, 2023)*Doctors seek unions due to being pressured and negatively impacted as they’re forced to accept more patients. More and more doctors are being forced into consolidation and away from smaller, family care environments. Along with more rules and legal requirements. A result from heavy handed taxes, fees, red tape, and legal impositions imposed by governments.As Oregon hospitals lost nearly half billion dollars in just a half year.

Lebanon considers asking voters for new tax (Democrat Herald, July 17, 2023)*Lebanon elected officials are considering raising taxes to avoid depleting the city’s general fund by 2024 and operate at a deficit by 2026. The city was up against a $1 point 2 million dollar shortfall when its fiscal year started this July.

The Rise and Fall of the Chief Diversity Officer (Wall Street Journal, July 21, 2023)

 

13-09 Insane Government Spending – 2023 Essential Policy Solutions

13-09 Insane Government Spending – 2023 Essential Policy Solutions

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Show 13-09 Summary: This week, it’s all about insanity. Meaning, our governments’ insane spending that shows no signs of letting up. And that there’s just always more money on the national credit card. So when the inmates are running the asylum, what can we do about government spending? We talk with Jonathan Williams of the American Legislative Exchange Council. ALEC has just released its 2023 Essential Policy Solutions, which should be required reading for every legislator out there. Listen in for policies, economic and otherwise, that make sense in an insane world.

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Original Air Dates: March 4th & 5th, 2023 | Guest: Jonathan Williams

This Week – Government Spending. It’s Insane.

The American Legislative Exchange Council (or ALEC), is celebrating its 50th anniversary this year. If you don’t know, they work with state legislatures — the 50 test tubes of democracy — to pass legislation that upholds principles of limited government, free markets and federalism You don’t last 50 years if you’re not having successes. And ALEC has had tremendous success stories. Including encouraging states to lower taxes. Even adopting a flat tax.

Don’t miss it! Be sure to RSVP for The Capital City Republican Women’s Luncheon, March 9th, 2023, starting at 11:30am (Mark will start his presentation at noon). To RSVP, send an email to CCRWSalem@Reagan.com. Lunch is $14. Coffee is $2. No cost to just come listen. Location will be sent to you after you RSVP.

This week, we talk with Jonathan Williams, ALEC’s Executive VP of Policy and their chief economist, about the insane government spending. After blowing through $1.9 trillion in the “American Rescue Plan” and another $2 trillion with Build Back Better, and still trillions more — in just 2 years — we’re facing a looming showdown over the federal debt ceiling. Addicted to government spending, Biden and the democrats don’t want any spending cuts. Of course not.

Maybe it’s because they just spent $360 billion on “global warming” and climate change in the most recent $1 trillion “inflation reduction act.” None of that money is going to conservatives or conservative organizations. So of course the democrats don’t want any cuts to government spending. That would be cutting off cash to their political cronies.

Government Spending: 2023 Essential Policy Solutions

Fortunately, to tackle this insane government spending ALEC has just released its 2023 Essential Policy Solutions. This essential guide is definitely essential for every state legislator.

Get your free copy! Download the PDF version of the 2023 Essential Policy Solutions. And then email it to all your legislators!

Jonathan Williams walks us through some of the more exciting solutions. Not just for government spending but also price transparency for hospitals and health care but also some model legislation for school choice.

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Research, Links Mentioned & Additional Info

  • Essential Policy Solutions for 2023 – (American Legislative Exchange Council, March, 2023). Free PDF! Download it and email it to your legislators!
  • RSVP for The Capital City Republican Women’s Luncheon, March 9th, 2023, starting at 11:30am (Mark will start his presentation at noon). To RSVP, send an email to CCRWSalem@Reagan.com. Lunch is $14. Coffee is $2. No cost to just come listen. Location will be sent to you after you RSVP.
  • US stocks enter ‘death zone’  (Daily Mail, Feb 2023)
    • Morgan Stanley issues dire warning to investors who ‘followed prices to dizzying heights’ amid fears S&P 500 could plummet 26% within months.
  • American Rescue Plan (Biden’s $1.9 Trillion Stimulus Package (Investopedia, updated Sept 21, 2022)

Additional Related Research, Not Specifically Mentioned

The Biden Economy Rewarding America's Enemies
12-50 The Big Spend – Economics Don’t Matter in the Biden Economy

12-50 The Big Spend – Economics Don’t Matter in the Biden Economy

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Show Summary: This week, with Christmas and all the spending in the air, we thought we’d take one last look at the economy for the year. And the Biden economy looks like Christmas in another way: It’s the government playing Santa with your money. Or, as we like to call it, the Big Spend. We look at the Biden admin’s missteps on the economy. How bad are they? And will things get better before they get worse? And how soon is worse? Are there any positives out there and how much staying power do they have? Plus, a big focus on the massive debt, which is coming due for another massive expansion. But, it turns out, we’re in a lot more debt than advertised…

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Original Air Dates: December 10th & 11th, 2022 | Guest: Jonathan Williams

This Week – The Biden Economy

We get criticized for being critical of the Biden administration’s economic policies. Well, we’re not the only ones. Major financial institutions are projecting a huge downturn next year. And not just here but all across the world—in part because things look so bad here.

This week, we welcome back Jonathan Williams to discuss the Biden economy. We review the missteps by the administration, which, unfortunately, started on day one. And haven’t been corrected yet. Like their attack on the energy industry and especially oil. In fact, they’ve done everything they can to try to avoid taking responsibility. How? By running to Saudi Arabia and even Venezuela. Anything to avoid re-opening and encouraging energy and oil production right here in America.

And why is it that in the Biden economy, we keep rewarding America’s enemies?

Check out Oregon’s Debt Clock (brought to you by the National Debt Clock). Did you know (as of this writing, Dec 10, 2022) that Oregon has $48.463 billion dollars of debt?

ALEC and ACCE

The American Legislative Exchange Council, or ALEC, works with state legislators and policy makers in the 50 test tubes of democracy. ALEC focuses on sound fiscal and economic policies to improve state revenues and the states’ economic performance and outlook.

But there is also ALEC for the local level: the American City County Exchange or ACCE (pronounced “Ace”). It’s not just state legislators who deal with budgets and fiscal policies. Counties and cities do too. And county commissioners, mayors and city councilors are all pressured by left-leaning organizations (well-funded ones, we might add) to spend, spend, spend. Especially, as it happens, on far-left ideologies and allies. Help your local officials fight back. Encourage them to join ACCE to get access to policies and more to make the right decisions.

In the Biden economy? They’re going to need all the help they can get.

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Research, Links Mentioned & Additional Info

  • Jonathan Williams is the Chief Economist and Executive Vice President of Policy at the American Legislative Exchange Council. Find out more by heading to ALEC.org.
    • Be sure to check out some of Jonathan’s articles, below
    • On Twitter? You can follow Jonathan @TaxEconomist
  • Check out ALEC’s Model Policies. These policies are designed to push back against woke Leftism, which are more about politics than economics. Two we especially like:
  • Encourage your local officials to join the American City County Exchange — ALEC for the local level!
  • “Colorado Offers Gold Standard for Fiscal Restraint: ALEC in National Review” (National Review, Nov 3, 2022)
    • TABOR [Taxpayer Bill of Rights] represents a fiscal-policy achievement Coloradans should be proud of and defend.
  • Jonathan Article #2 – The States Move Forward with the Flat Tax (National Review, July 22, 2022)
    • The flat-tax revolution will continue to gather speed as more states begin to realize the competitive benefits earned by a simpler and fairer tax code.
    • The prudent policy choice for states is to enhance competitiveness, then examine spending priorities and create policies to prepare for the proverbial rainy days, rather than relying on the federal government to save the day during revenue shortfalls.
  • Jonathan on American Radio Journal (Dec 3, 2022)
    • Congress is looking at another debt-ceiling bailout; this after a 2.5 trillion increase just a year ago
  • Oregon’s Debt Clock – $48.5 billion ($11K per person; Debt to GDP ratio is 17.6%

Mentioned During the Show

Additional Research & Related to the Biden Economy

 

12-40 It’s Stupid Politicians | When Economics Meets Politics

12-40 It’s Stupid Politicians | When Economics Meets Politics

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Show Summary: It’s the intersection of economics and politics this week. And what happens when economics meets politics…? Pretty much the same thing when you give a loaded gun to a toddle and tie yourself to a chair. Jonathan Williams from the American Legislative Exchange Council discusses what is so wrong with this economy. (It’s the politicians.) And don’t miss Joe Rae Perkins who is trying to get one of those stupid politicians out.

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The I Spy Radio Show airs weekends, six different times, on seven different stations. Listen anywhere through the stations’ live streams! Check out when, where, and how to listen to the I Spy Radio Show. Podcast available Mondays after the show airs on out network of stations.

Original Air Dates: October 1st & 2nd, 2022 | Guests: Jonathan Williams & Jo Rae Perkins 

This Week – When Economics meets Politics

Imagine people who have no understanding of economics (stupid politicians) making decisions about the economy based on the advice of their donors, bureaucrats with agendas, and paid lobbyists.

It’s like being tied to a chair, watching a toddler play with a loaded pistol.

This week, we welcome back Jonathan Williams, who is the Executive Vice President of Policy and Chief Economist at the American Legislative Exchange Council (ALEC). Jonathan has a terrific article on the Daily Caller (), in which he neatly walks through what’s wrong with the economy right now and then provides some easy solutions. If only the current White House resident would listen. To someone other than his donors, bureaucrats with agendas, and paid lobbyists.

Go read Jonathan’s terrific article on The Daily Caller

Special bonus. Long-time I Spy Radio listeners may remember our previous shows about “market transformation.” In essence, “market transformation is a shortcut around a market. “Market transformation” allows favored, politically aligned companies to receive grants and other funding to bypass normal market barriers to entry, such as start-up costs and marketing. This is what we are seeing right now with our economy. You can see it especially with green energy. It’s not green and it’s barely energy. But it does make democrats and their political allies and ideology a lot of money.

Vote Out the Stupid

When economics meets politics, there’s just one solution. Vote the stupid out.

Because the problem with the intersection of economics and politics is that it puts the stupid people in charge. Stupid people, like Ron Wyden. Who has been in Washington DC since the 1990s. Ron is so stupid, he has an ad running right now that says no government should have control over a woman’s body. Really Ron? What about the vaccine mandates you were pushing  just months ago.

He also has an ad complaining about forest fires. Thanks for noticing, Ron, now that it’s election time. But it’s been your policies that causes them to burn. Do nothing. Blame Global Warming when all that dry kindling catches fire. Demand taxpayer dollars for Global Warming and green energy. (There’s that market transformation.) Still to nothing. Rinse and repeat.

Send some money Jo Rae’s way at perkins.vote. She needs help getting her ads on radio and TV. $50 would buy an ad play on many radio stations; in some markets as many as five airings

Jo Rae is up against the money that pours into democrat politicians who promise to do those market transformations. And those donors are terrified they will lose their golden goose if Ron goes the way of the dodo.

Let’s make stupid extinct.

Bonus: if elected, Jo Rae promises not to vote for Mitch McConnell.

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Research, Links Mentioned & Additional Info

 

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It’s the Government, Stupid | Troubling Economic Indicators Right Now

It’s the Government, Stupid | Troubling Economic Indicators Right Now

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Show Summary: This week, it is all about the economy with Jonathan Williams from the American Legislative Exchange Council who is on to discuss some troubling economic indicators that the propaganda media won’t tell you about. Are we in the beginning stages of the transition to socialism…? Because this is what it would look like.

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Original Air Dates: June 11, 2022 | Guest: Jonathan Williams

This Week – It’s the Government, Stupid

“It’s the economy, stupid.” 

That was the sign Bill Clinton had in the Oval Office. It was a reminder that what really mattered to people was a strong, growing economy, With jobs and opportunities, lower prices and a chance to live the American dream.

Now, with Biden residing in the office, it’s more like “It’s the government stupid.” Because instead of focusing on growing the economy, it’s all about growing government. At all cost. 

But as with all government-run economies, we are quickly lurching toward a crash when the big government types will have a reckoning. Government-dominated economies never work.

You are living in the transition stages of a switch from capitalism to socialism. High food prices. High energy prices. Exploding inflation. High crime. And effort to remove guns from law-abiding citizens. This is what the entry to socialism looks like. And to see how it ends up, look at Venezuela.

Jonathan Williams: Troubling Economic Indicators

It’s always a pleasure to have our friend, Jonathan Williams, back on the show. Jonathan is  the Chief Economist and Executive Vice President for Policy at the American Legislative Exchange Council (ALEC).

This week, we walk through the attempted coup of our economy, troubling economic indicators that warn of impending slowdown and potential stagflation. These aren’t some distant economic indicators. These are deeply worrying economic indicators here and now. Like in the housing market.

Be sure to check out the American Legislative Exchange Council and their yearly publication, Rich States, Poor States.

And we talk about some of ALEC’s other programs. Like their  Education Task Force. Which has helped other states enact school choice. Can Oregon get it on the ballot? And get a win? (We’ll have Marc Thielman on next week to discuss the latest ballot initiative for school choice.)

And we talk with him about Oregon’s Republican candidate for governor, Christine Drazan, and what she ought to be focusing on in her economic platform.

The I Spy Radio Show Podcast Version

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Research, Links Mentioned & Additional Info

  • Biden Administration Expected to Reinstate Price Controls, Bringing Back 1970s Gas Lines, Experts Warn (Epoch Times June 6, 2022)
  • Germans warned of further food price hikes: Soaring energy costs threaten the survival of farmers, the industry says (RT, June 8, 2022)
  • JP Morgan CEO Says There’s a “Hurricane” Coming for U.S. Economy, “You Better Brace Yourself” (Bloomberg News, via We Love Trump, June 2, 2022)
  • The First ‘Global Inflationary Depression’ Is Very Possible (Seeking Alpha, Mar 5, 2021)
  • Inflation Is Just Getting Started. (Peter Schiff, via YT, June 9, 2022)
    • May CPI est 8.3%
    • Oil over 122 per barrel
    • Atlanta Fed’s GDP Q2 estimate is 0.9%
  • Welcome to communism where you arrest your political opponents: “FBI Raids Home Of Michigan GOP Gubernatorial Candidate And Whitmer Challenger, Takes Him Into Custody” (Daily Wire, June 9, 2022)
It’s the Economy, Stupid – But What Kind of Economy?

It’s the Economy, Stupid – But What Kind of Economy?

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Show Summary: Economics is always a strange business. But like so much else of American life, the Left is corrupting the economy and using it for their own means. Especially by involving the government. And now, with the Ukraine situation, we’re seeing private businesses waging a private war against Russia — when we’re not even at war with them. Combined with what happened in Canada, is this a foreshadowing of what will happen to our economic freedoms and liberties?

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Original Air Dates: March 5th & 6th, 2022 | Guest: Jonathan Williams

This Week

To quote Bill Clinton, “it’s all about the economy, stupid.”

We take a look at the state of the union speech, the competency of those in charge and their agendas, the economy, and also the economic policies that politicians can win on this year. Even here in Oregon. Plus, with the war in Ukraine, we’re seeing an entire new kind of warfare being waged. Economic warfare on a scale we haven’t seen in ages and in ways we’ve never seen. Private companies waging a private war against a country we’re not actually at war with. Combined with what we saw in Canada, what does this mean for our economic freedoms and liberties?

READ: Jonathan’s terrific article about Utah and why they’ve stayed #1 in ALEC’s Rich States, Poor States for 14 years in a row. What are they doing that other states should be doing. And what could go wrong to knock Utah off its perch?
Get this article to your favorite candidate!

We talk with Chief Economist, Jonathan Williams, from ALEC (American Legislative Exchange Council) about what is going on. We talk about the SOTU speech, the competency of those in charge, and private companies blocking you when they don’t agree with your politics. And we’ll look at true economic policies to win on in 2022. Even right here in Oregon.

And don’t miss the discussion about what is happening, on economic terms, in the war between Russia and Ukraine. And what it means for our future economic liberties and freedom.

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Links Mentioned Research, & Additional Info

Jonathan Williams is the Chief Economist and Exec VP at American Legislative Exchange Council. Visit ALEC.org to find out more about what they do and how you can get their policies to your politicians.

From "It's the Economy, Stupid" to Make the Economy Stupid: Democrats' Plan to "transform" America's Economy
Democrats’ Plan to Remake the Economy | Supply Chain Problems

Democrats’ Plan to Remake the Economy | Supply Chain Problems

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Show Summary: No ghosts but lots of gremlins as democrats try to sabotage the future of America’s economy. It’s no secret the democrats want to transform America’s economy into a socialist one. And their multi-trillion dollar spending bills will do it. So what’s really in the bill? If you think the problems with our supply chain are bad now, wait until the government runs it.

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Weekends, six different times, on seven different stations. Listen anywhere through the stations’ live streams! Check out when, where, and how to listen to the I Spy Radio Show. Podcast available Mondays after the show airs on out network of stations.

Original Air Dates: October 30th & 31st, 2021 | Guests: Jonathan Williams & Jana Jarvis

This week: No ghosts but plenty of gremlins and goblins as our own government is looking to sabotage the future of America’s economy. To “transform it”, which is never a good thing. A look at what’s really in the bill — and a look at what it going on with our supply chain.

It’s the Economy Stupid?

Remember when Bill Clinton said that? Except from the democrats, now it’s let’s make the economy stupid. Then again, remember when Bill Clinton used to be seen as “liberal”? Now, he’s downright conservative in comparison.

Imagine AOC in charge of the economy.

And remember Obamacare, and the democrats “deeming it passed”? Yeah. You can look for that kind of trickery to get the multi-trillion-dollar bill through not to transform America’s health care but her economy. How’s that health care “transformation” gone for you? Health care cheaper for you? Or for America?

No. Of course not. But by the federal government seizing control of health care, democrats have been able to use it as a weapon. It’s what we warned you about: environmental policies is how they control business. Health care is how they control people.

Jonathan Williams of ALEC on the Economy

Jonathan Williams is the executive vice president of the American Legislative Exchange Council (ALEC.org), which advises state legislature on how to improve their economies.

We talk about what’s really in the bill. AOC’s 1.5 million “climate corps” troops marshaling businesses down the new green path. A massive overturn of the economy that will weaken, not strengthen it. 87,000 new IRS agents unleashed to snoop through and spy on Americans. (Remember how Obama used the IRS to target his political enemies? Yeah. Now multiply that by 86,0000.

And perhaps worst of all, Janet Yellen’s hair-brained scheme to tax non-existent wealth. She wants to tax “unrealized capital gains.” In other words, tax money that hasn’t been made yet. That’s desperate.

And how long before they do away with “just taxing billionaires” and move on to “all those middle-class people are sitting on unrealized gains in the property values.

Problems in the Supply Chain

In case you haven’t noticed, there are a lot of areas of the country experiencing empty store shelves. How is it that just two years ago, when we had a much better economy under President Trump but we had no supply chain problems like we’re experiencing now? Could it be by design? This article from ZeroHedge alleges it may be. (And it sounds like it to us, too.)

Not to mention that Pete Buttigieg is out there sounding like he’s willing to let supply chain problems continue in an attempt to extort Congressional Republicans and reluctant democrats into voting for the massive spending bills.  (See links below.)

So, what is going on with our supply chain? And, the big question: do we need to be worried?

To get to the bottom of that, we talk with Jana Jarvis, president of OTA, Oregon Trucking Associations (ORtrucking.com). She walks us through the problems at the port, what led to them, and some concerns for the near future.

It doesn’t help that there was already a shortage of truckers before the forced pandemic. Now, the Biden administration is targeting truckers and blue collar workers with forced vaccine mandates. The ATA warns that if Resident Biden continues along this path, the industry may lose up to 37% of its truckers.

Imagine for a moment if all the truckers walked off the job in areas where there are mandates. Imagine the impact of that. I mean, talk about a people’s revolution. Just park the trucks and say no more until you get rid of these mandates. ALL of them.

Is it time for a drive out? A national walk out by truckers? If any industry could force that kind of change, it’s the truckers.

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Links & Further Info

  • Podcast: A Price Too High? The $3.5 Trillion Reconciliation Bill (ALEC podcast #100, Sept 28, 2021)
  • $3.5 Trillion Is a Phony Number: Budget tricks disguise the true cost of Biden’s vast entitlement plans (Wall Stree Journal, Sept 23, 2021)
  • What’s in the Democratic Tax Proposal? :Corporate tax rate would rise to 26.5% from 21%; capital-gains taxes would also go up (WSJ, Sept 13, 2021)
  • What Is Unrealized Gain or Loss and Is It Taxed? (Yahoo Finance, April 2, 2021)
  • Biden Expresses Support for Annual Tax on Billionaires’ Unrealized Gains (Wall Street Journal, Sept 24, 2021)
  • AOC, Democrats want to create ‘Civilian Corps’ to battle climate change (NY Post, May 5, 2021)
  • AOC: $10B Taxpayer-Funded Climate Change Corps Would Create 1.5M Jobs (Brietbart, May 7, 2021)
    • Really, AOC? Try to use math. That’s only $6,666 per “job.” What are they going to do, just send stimulus checks to democrats?
    • The real costs: 1.5 million activists × $40,000 per year (avg) = $60 billion. Every year. “Free” jobs for democrats. Who do you think they’ll donate to? Or campaign for? And that doesn’t even include healthcare or a lifetime of taxpayer funded pensions.

Supply Chain

  • ‘Containergeddon’ drives sugar, rice shippers back to bulk vessels (Alberta Farmer Express, Oct 22, 2021)
  • Martin Armstrong: Are The US Supply Chain Disruptions Deliberate? (ZeroHedge, Oct 24, 2021)
    • “The reality is the only way we’re going to get to a place where we work through this transition is if everyone in America and everyone around the world gets vaccinated,” [Deputy Treasury Secretary] Adeyemo admitted in an interview with ABC News.
    • THIS: Transportation Secretary Pete stated, “…The overall ‘Build Back Better’ vision is designed to reduce inflationary pressures. So if you care about inflation, you ought to care about not just the supply chain issues… but also the provisions in ‘Build Back Better’ like paid family leave, … making it easier to afford childcare, [or] community college, that are going to give us a stronger labor force and help us deal with that major constraint on economic growth.”*Sounds a lot like Blackmail to me.
  • Ports of LA, Long Beach to Fine Firms Over Container Backlog (Newsmax, Oct 25, 2021)*“In an effort to ease congestion at the nation’s busiest port complex, officials said Monday that they will start fining shipping companies whose cargo containers linger for too long at marine terminals.”
  • Horrifying: California In-N-Out Shut Down Permanently for Refusing to Check Customers’ Vaccination Status (Epoch Times, Oct 27, 2021)
  • ATA Warns Vaccine Mandate Could Worsen Supply Chain Troubles (Transport Topics News, Oct 21, 2021)
  • Consumers’ Research: BlackRock and the Chinese Communist Party (Disclose TV, Oct 27, 2021)
  • How the Infrastructure and Reconciliation Bills Affects YOU (Stop Being Sold YT Channel, Oct 13, 2021)

 

economics. it's all theory until it implodes. rich states, poor states, and their economic outlook. Plus Oregon
Economics: Rich States, Poor States — Guess Where Oregon is

Economics: Rich States, Poor States — Guess Where Oregon is

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Show Summary: It’s true economics isn’t the most exciting topic in the world — that is, until everything starts blowing up. Then you’ll wish you’d paid attention.

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Five Different Times, on Seven Different Stations. Listen anywhere! All stations stream live!

Saturdays
10a – 11a: KFIR 720AM (entire Willamette Valley) | Direct Link to KFIR Live Stream
11a – noon: KLBM 1450AM (Union County) | Direct Link to KLBM Live Stream
11a – noon: KBKR 1490AM (Baker County) | Direct Link to SuperTalk Live Stream
7p – 8p: KWRO 630AM (Oregon Coast & Southeastern Oregon) | Direct Link to KWRO Live Stream

Sundays
8a – 9a: KWVR 1340AM (Wallowa County) | Direct Link: KWVR Live Stream
7p – 8p: KAJO 1270AM or 99.7FM (Grants Pass/Medford) | Direct Link: KAJO Live Stream

Mondays
After the show airs on our network of radio stations, you can listen to our podcast either here on our site or your favorite podcast platform. We are now on Apple podcasts, Spotify, Stitcher, TuneIn, and more. See the full podcast list.

Original Air Dates: May 15 & 16, 2021 | Jonathan Williams

This Week: Economics isn’t always exciting — unless things are blowing up. Or it’s a horse race.

We welcome back Jonathan Williams, Chief Economist and Executive Vice President of Policy of the American Legislative Exchange Council. ALEC has just released their 2021 Rich States, Poor States guide for 2021, an annual guide to the 50 states’ economic outlook. Talk about good, bad, and ugly. Look no further than how the states are competing with one another.

The Overall U.S. Economy & Economics

Before we narrow down to the states, we first look at the overall economy. This is a bit of a continuation of the last time Jonathan was on, when we talked about the democrats’ shift to what we call “non-reality economics.” The democrats’ plans are an explosion of taxes and spending sprees (what did we just say about exploding economics…?).

That discussion, was about the radical shift we’re seeing the democrats trying desperately to push on the U.S. Which, sadly, takes a hard left turn away from what has made America successful. It’s a fantasy land where debt has no meaning, money is infinite, and all we need to do is print money and borrow until every there’s a unicorn in every garage and a leprechaun in every pot.

But the problem democrats always run into is simple one. Reality. And there’s proof, thanks to the 50 test tubes of democracy that make up America.

Good Economies: How NOT to do it

Sometimes, to know what to do, it helps to know what not to do. And look no further than New York State, which had the worst response to covid and lost a congressional seat due to people fleeing the Empire State. And now new York will punish the people and businesses that for some reason haven’t left. Yet.

We talk with Jonathan about his terrific article in the National Review, “The Fallout from ‘Progressive’ Budgets in New York.” There has been a massive shift in who pays for things. Now, instead of New York being in debt to cover its debt, everyone else gets to go in debt to cover New York’s debts.

And that’s the direction we as a nation are headed. Where there is a fundamental shift in who pays for things: everyone is paying for everyone else. That’s socialism. Marxist ideology pushed onto America.

Socialism only survives as long as it is able to feed off the success of capitalism
– Mark Anderson

Rich States, Poor States

Why and how economies and economic policies work is sometimes beyond people’s wheelhouse. But everyone understands competition, right? Who’s best. Who’s worst. And who’s on the way up and who’s on the way down.

Oregon's economic performance 2009 - 2019. Courtesy of Rich States, Poor States
Courtesy Rich States, Poor States, 2021 Edition. (Click image for full size.)

That’s where Rich States, Poor States comes in. (You can download your own copy right here.) RSPS is a look back at the states’ economic performances over the last 10 years—of available data. This year, its’ a look at 2009–2019.

The backward-looking economic performance ranking examines how well states did. Oregon, from 2009–2019, really didn’t do too bad. This ranking looks at three variables: a state’s gross domestic product, their absolute domestic migration, and non-farm payroll.

Take a look at Oregon’s charts. And look at how well they’re correlated. As the state did better and better, culminating in 2015, people moved in (especially in 2016). Payrolls went up. And then, as Oregon’s GDP declined, there went the people. And payrolls dropped.

See? Economics isn’t too hard.

Oregon’s Economic Outlook

When it comes to Oregon’s economic outlook ranking, every year we’re like “please don’t embarrass us, please don’t embarrass us…” And then there we are. Near the bottom. Again. But it’s even worse this year.

You’ll have to tune in to hear just how bad. (Or, you could cheat and go right to Rich States Poor States to find out.) But here’s a hint. We beat even our idiot neighbor to the south in some categories. In fact, in the worst possible category. And we’re worse than New York State in some categories. You know, the one state we just mentioned. How not to run an economy.

Although at least the beat us to the bottom for the worst outlook. Hey. You gotta look for the positive right?

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Links Mentioned

Did You Know…?

  • The Fed has been pumping (printing) money into the economy. But something new happened in 2020. Now, they are buying corporate bonds. This is a direct investment into select corporations. Here’s a hint. It’s not mom-and-pop shops. It’s gigantic companies that don’t need the money, but the Fed is rewarding them anyway.
  • The Fed says it is going to start buying individual corporate bonds (CNBC, June 15, 2020)
  • The Fed begins purchases of up to $250 billion in individual corporate bonds (Markets Insider, June 15, 2020)
  • Why the Fed’s new index approach to buying U.S. corporate debt ‘changes everything’ (MarketWatch, June 18, 2020)
  • Fed Makes Initial Purchases in Its First Corporate Debt Buying Program (New York Times, May 12, 2020)
  • Is the Federal Reserve Printing Money? (The Balance, May 11, 2021)
  • Why is the Fed buying up mortgages? At $40 billion per month. Is this why the housing market keeps exploding? “Understanding the Federal Reserve Balance Sheet” (Investopedia, Mar 19, 2021)

Related Links

  • The Fed Should Get Out of the Mortgage Market: Even central bankers are starting to wonder why they’re adding $40 billion of housing debt every month. (Bloomberg Opinion, May 11, 2021)
    • “Why exactly is the Fed still increasing its holdings of mortgage-backed securities by $40 billion a month when Chair Jerome Powell himself has said that “the housing sector has more than fully recovered from the downturn”?* “The Fed has gobbled up almost $2 trillion of MBS since March 2020, which is more than its total aggregate purchases in any of its previous quantitative easing episodes.”
    • At an average home mortgage price of $250,000, the fed backs the mortgage on some 8 million homes. Yikes!
  • In 2010, The Fed answers FAQs on Mortgage Backed Securities
  • What Is An Agency MBS And How Does The Federal Reserve’s Purchase Of MBS Affect Mortgage Rates? (Quicken Loans, Feb 19, 2021)
    • “A mortgage-backed security (MBS) is a pool of home loans, often packaged by Fannie Mae, Freddie Mac or Ginnie Mae, sold on the open bond market to investors. The investors who buy the securities then receive the payback on a monthly basis when homeowners make their principal and interest payments.”
  • Difference Between Agency and Non-Agency Mortgage-Backed Securities (The Balance, Jul 15  2020) – “Agency” simply means an dept of the federal govt, or MBS that become backed by the full faith and credit of the U.S.