Every so often I get blog feedback, and generally when I mention it I like to poke fun at it. But in this case it brought back a memory that, upon reading, could really have been written in August 2021 just as easily as it was in May of 2017.
In this case, the feedback was from an outfit that must like to check my links and suggests that I prune dead links and redirect them through their site. I appreciated their advice, but instead I found an archived link for what I needed.
But it gave me the opportunity to do a throwback Thursday on Sunday the other night when I wrote this piece. At that point in life 4 1/2 years ago I was still skeptical of a Trump administration that was just starting out while I was then working a job and a half. And it was this passage that stopped me cold:
I’m no economic genius by any stretch of the imagination, but I would suspect having GDP growth exceed inflation is good, but having government spending (which is a component of GDP) increase more quickly than either is a bad sign. If you take away the government spending component the question is whether GDP growth is still ahead of inflation. Maybe it’s not.
But who profits from that? I will grant there is certain government spending that adds value: if someone in the federal DOT had the gumption to have an interstate highway built between here and I-95 by Wilmington, not only would the money create local construction jobs on Delmarva but the greater ease in access to and from points north like New York, Boston, and Philadelphia would be good for local tourism and industry by making it easier to get here and transport there.
On the other hand, simple wealth transfers from rich to poor (welfare, Medicaid) and young to old (Social Security, Medicare) don’t add much in the way of value except in the sense that their care and feeding keeps a few thousand paper-pushers employed. But they are not creating value as their wages are extracted from those dollars others earn with work that adds value like mining, manufacturing, services like architecture and construction, and so forth. (Did I mention that I’m once again a registered architect in Maryland?)
So if you know this and I know this, why is the system remaining as is? I believe more and more that there is a group of well-connected people and entities who make their fortunes by gaming the system. Instead of government being a neutral arbitrator, they seem to be putting their thumb on the scale to favor those who now participate in an ever-widening vicious cycle of dependency and rent-seeking. To me, things should be fair for everyone with equal treatment in the eyes of the law but greed and lack of respect for one’s fellow man has changed the Golden Rule to “he who has the gold, rules.”“About my hiatus,” May 5, 2017.
And remember, I wrote this before anyone outside of a Wuhan lab had ever heard of the virus that became the CCP virus and its fourteen variants that seem to come out whenever the news is bad for the Democrats. It was a pandemic where the rich, led by Walmart and Amazon, got richer and the middle-class got pretty much wiped out by unemployment and seeing their businesses die, or both. Remind me again who determined which businesses were deemed “essential” and which were forced to close? And this doesn’t even consider stimulus packages 1-48, which have added trillions to our deficit and debt.
(Side note: I was on a roll back then with my thoughts, because the next piece just nailed health insurance. I even called Andy Harris’s margin of victory eighteen months ahead of time. I really need to write like that more often!)
So, “Ella Miller,” if you are a real person (and I’m guessing by the search engines that you are sending these out under a pseudonym), I want to thank you for bringing the dead link to my attention so I could be reminded of just how consistent I’ve been politically and how I sometimes have the spider sense working just right.