From economist Thomas Hazlett, in an insightful admonition against crony capitalist government intervention…
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Quote of the Day: U.S. Leads the World in 5G Rollout, Thanks to Pro-Market Approach

From economist Thomas Hazlett, in an insightful admonition against crony capitalist government intervention into the telecommunications market entitled "The U.S. May Repeat Mexico's Wireless Spectrum Mistake" in today's Wall Street Journal,  offers this little gem and tribute to the positive payoff of America's comparatively pro-market deregulatory approach:

Meanwhile, 5G networks are spreading more rapidly in the U.S. than in any other nation, with 49% coverage in October 2021.  (China was at 20% that month.)  This rollout benefits from recent U.S. auctions for flexible-use spectrum rights, infusing networks with new capacity that lowers costs and spurs rivalry.  Further liberalization should continue.  Regulators haven't been able to divert frequencies to selected business…[more]

May 13, 2022 • 11:50 AM

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SEIU’s Andy Stern: A Budget Vulture Feasting on the Public’s Nest Eggs Print
By Ashton Ellis
Wednesday, March 10 2010
Andy Stern isn’t a budget hawk; he’s a vulture out to devour the public’s nest eggs.

With annual federal budget deficits projected to top $1.6 trillion for the foreseeable future, President Barack Obama thinks appointing Andy Stern, head of the Service Employees International Union (SEIU), to help create a plan to balance spending with revenue is a good idea. 

Consider Stern’s qualifications.  He owns an Ivy League degree in education and urban planning, a history of socialist radicalism, and leads the second largest union in America.  He is also principally responsible for the unsustainable growth in public employee union membership and compensation. 

Andy Stern isn’t a budget hawk; he’s a vulture out to devour the public’s nest eggs. 

Appointing him to the newly created National Commission on Fiscal Responsibility and Reform is a nakedly thuggish tactic to skew the panel’s work toward an outcome that produces higher taxes, more union members with rapacious compensation packages and closer bonds between Big Labor and Big Government. 

Lest we forget, fiscally responsible members of Congress knew that an “independent” panel of experts appointed to fix the budget would be little more than a vehicle to support raising taxes.  That is why nearly all Senate Republicans and some Democrats voted against creating such a commission earlier this year.  It’s also why President Obama responded with an executive order to override their decision. 

Of course, there are two ways to reduce a taxpayer-funded budget deficit so that the final sheet balances: either cut spending or raise taxes.  With his progressive agenda to nationalize health care, impose cap-and-tax, redefine poverty as a relative term and grant welfare status to millions of illegal immigrants via amnesty, the president inclines hard to the Left in decisions between taxing and spending. 

As his good friend Andy Stern said, it is time for government to make everyone “share the wealth” of the American economy. 

For Stern, spreading the wealth around means redistributing it from private sector wealth creators to public sector wealth takers.  The pivotal moment in Stern’s career came when he publicly broke with his mentor, John Sweeney, then the head of the AFL-CIO, over a leadership dispute.  After taking the reins of SEIU, he quickly began building an empire of minimum wage workers in home hospice care, janitorial services and, most importantly, state and local government.  So far, it is with this last group that Stern is making his biggest impact on government budgets. 

Over the last twenty years, union membership in private companies plummeted as jobs moved overseas, in part to avoid the crippling compensation packages demanded by unions.  To compensate, Stern unionized the vast swath of municipal workers who historically traded less compensation than counterparts in the private sector for more job security. 

Think public school teachers with low pay, but near lifetime tenure.   Stern thought that a model pairing better pay with better job security would be popular with folks at the Department of Motor Vehicles, city sanitation workers and county administrative assistants.  He was right.  After the National Education Association, his SEIU is now the largest union in America. 

But the union’s clout is coming with a tremendous cost to state and local taxpayers.  In states facing extreme budget shortfalls like California, Stern continues to press for more funding of public employee pensions and benefits, even though every objective analyst says those are the expenditures driving budgets towards calamity. 

This election cycle, Stern is committing the lion’s share of the 700,000 California SEIU members’ time and union dues to promoting Democratic candidates for state office in order to ensure that the public’s money keeps flowing into public employees’ pockets – fiscal reality be damned. 

To those who threaten opposition, Stern can shut down whole government facilities like he did in leading a walkout of nurses at the Santa Rita jail in Dublin, CA.  The malevolent genius of Stern is to apply his socialist philosophy and organizing tactics to the one sector of the economy that already redistributes wealth, and accelerate it to the point of crashing the system.  

Not that Stern has any affinity for the current system.  As a student radical at the University of Pennsylvania, Stern became a member of the New Left and received activist training from the Midwest Academy, an organization aimed at infiltrating the labor movement and bringing down the capitalist system from within.  Along the way, he made SEIU the largest single donor to the Association of Community Organizations for Reform Now (ACORN), the entity under investigation in several states for voter registration fraud.  ACORN is also a former client of Barack Obama, who as a presidential candidate in 2008 promised to help fundamentally change America with the help of his good friends at SEIU. 

We are now seeing that fundamental change with President Obama’s appointment of Andy Stern to the National Commission on Fiscal Responsibility and Reform.  Gone is any pretense that this president wants to rein in the deficit by restraining spending to revenue.  Like Stern, he wants to match revenue to spending, even if it means ending our capitalist system as we know it, replacing it with an economy controlled by government elites for the benefit of government employees. 

By selecting Stern, President Obama isn’t just making a mockery of fiscal responsibility; he’s exposing the public’s nest eggs to a budget-feasting vulture. 

Quiz Question   
When was the first workable prototype of the internet developed, and by whom?
More Questions
Notable Quote   
"The House Intelligence Committee will hold the first open hearing on UFOs in more than 50 years. ...For just one example as to why public awareness of this topic is important, the Washington Examiner has seen compelling evidence that the Space Force is undertaking quiet work in support of the government's UFO research. That doesn't mean UFOs are aliens. But something very significant is going on.…[more]
—Tom Rogan, Foreign Policy/National Security Writer for the Washington Examiner
— Tom Rogan, Foreign Policy/National Security Writer for the Washington Examiner
Liberty Poll   

Were you more stressed by the pandemic or now due to escalating supply/financial crisis?