Tag Archive for George Romney

Cronyism, Democrats, Detroit, Elections, Government Incompetence, Michigan, Michigan Politics, Republicans

Why Riot?

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What causes a riot in urban America?

The news media, social scientists, and political scientists are eager to offer up the usual stale left wing bromides on urban riots, but at best those bromides are based upon a lot of anecdotes rather than hard data. The plural of anecdote is not data. The disingenuousness of their bromides arises from the clash of facts with their committed leftist politics.  Economists were far less political, at least 25 years ago.

A pair of economists working under the aegis of the National Bureau of Economic Research (NBER) applied linear regression computation modeling to various community statistics from a broad range of cities to determine which underlying issues cause riots and, further, to determine their intensity. Their results are a real eye opener and run contrary to the drivel being peddled by the media and academics on this 50th anniversary of the Detroit riots.

The National Bureau of Economic Research is a private nonprofit research organization which distributes its work product to financial officials and the public around the world. NBER is best known as the official arbiter of the start and end dates of economic recessions in the United States, a not uncontroversial subject. Its economists have run the gamut from the good (Milton Friedman, Wassily Leontief), to the bad (Austan Goolsbee), to the ugly (Paul Krugman). As a fun side note, it is comforting to know that an economists’ organization as august as NBER can lose money on their financial portfolio. No crony capitalists there!

The NBER divides its research into 20 programs; one of which is ‘Labor Studies’. Denise DiPasquale and Edward L. Glaeser produced NBER Working Paper 5456, The L.A. Riot and the Economics of Urban Unrest on behalf of the NBER Labor Studies Program. This paper was written after the Los Angeles riots of 1992, but its research reaches back into the 1960’s and across the world to construct its data base.

The DiPasquale/Glaeser study has two major components: a cross-national study which covers urban rioting around the world (including the U.S.), and a cross-city study which covers urban rioting across just the U.S. They assembled data sets on a large number of cities which included dependent variables representing the frequency of riots and the intensity of riots, along with many independent variables suggested by previous studies as being responsible for the frequency and intensity of those riots – poverty, unemployment, ethnic composition, and so on.

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Conservative News, Michigan, Opinion, Rent Seeking, Republicans, Taxes

And in Other News… Water is Wet

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Happen to notice this gem of true Romney/Rockefeller Republicanism in the Twitter feed sidebar? Unfortunately, with most focused on Snyder and Calley’s annually increasing $2,000,000,000 tax hike ‘wants’ on May 5th, pragmatic clown Nolan pumping our legislators to ram through Bolger’s Wholesale fuel tax hike boondoggle with same ratchet mechanism, which much to our disappointment this guy breathed new life in that false premise of throwing $1.2B more at a deeply flawed MDOT, and the looming Wayne County bailout. Did I forget to mention Snyder and Calley’s costly Green Energy mandate with 100% government bureaucrat control? Yes, that too. Well, here’s another one of Snyder and Calley’s latest big government central-planning ‘wants’ is deserving some attention, too.

happy-snyderIn an interview that aired Monday on Michigan Public Radio Network stations, Snyder said it will be a “huge issue” if Michigan residents are no longer able to qualify for the incentives [wealth redistribution]. He said U.S. Rep. Fred Upton, R-St. Joseph, is leading discussion of a possible congressional solution if the tax credits are denied.

Short of that, Snyder said he would ask the Republican-controlled Legislature to make Michigan’s a state-run exchange.

“That raises the issue, should we be looking at a state exchange, and that’s a dialogue I’d have to have with the Legislature,” Snyder told MPR’s Rick Pluta.

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Wouldn’t the Romney clan’s other Utah friends like Mike Leavitt, just love that? Cha-ching again! says those connected with BC/BS of Michigan. And, if one has read about Upton’s so-called “off-ramp” they’d quickly realize it’s just more of the same fixed market government overreach (yep, Ron Paul included) serving to illustrate how “R” is for reversing into a ditch when those with a “D” gladly drive off a cliff with the accelerator pedal mashed through the radiator. Is there reason why Rick Snyder is on the Top 10 List? You betchya.

And, it only gets worse.

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2015 MIGOP State Convention, Cronyism, Elections, Michigan, Opinion, Proposal 15-1, Rent Seeking, Republicans, Taxes

Overloaded Your Asses, huh?

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Think that EITC part of the Proposal 2015-1 equation isn’t a fool’s errand? Look at what $9,400,000,000 gets us just to maintain floundering employment while buying poverty moocher’s votes.

“The goal should be to try to honor these agreements or, in the context that if there are changes, they’re mutually agreed to,” Snyder [Mr. Avalon, founding chair. Yes, that John Truscott] said in a Detroit News editorial board interview. “These are major job creators. They’ve helped bring us back economically [what Team Obama says] in the state and we shouldn’t overlook that fact.”

NerdandJohnSnyder said he wants to work with companies holding the business tax credits to “bring better visibility” and “transparency” [a Snyder priority. No, seriously.] to the tax credits, which will consume more than $500 million a year in general fund tax revenue until 2029. The final tax credits awarded under the Michigan Business Tax [thank Brian] don’t expire until 2031, according to the Michigan Economic Development Corp.

The MEDC [Snyder’s Mini-Me] has asked companies to agree to redeem their credits in the year they were issued and give the state a three-year forecast on using tax credits to help governors and legislators budget for the subsidies.

But Snyder did not rule out pursuing legislation to put new rules in place for when the tax credits could be cashed in. [here, pull this finger.]

“I think the starting point should be what we can do in a mutually agreed-upon fashion,” Snyder said.

Mike Johnston, vice president of government affairs for the Michigan Manufacturers Association, said his members, which include Detroit’s three automakers [$3,000,000,000 yes, Ford too], are open to helping state officials know when they will seek tax refunds.

The games all these mother******* play with other people’s money is downright obscene.

We now return you to your regular Team R points its collective finger’s at Granholm programming…

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2015 MIGOP State Convention, Cronyism, Elections, Michigan, Opinion, Taxes

Paging Little Ronna … Paging Little Ronna Romney

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Ain’t this Detroit News story just delightful?

Imaging that. And, CPA Snyder’s $250,000/year numbers guru John Nixon, bails out of Michigan a year ago, too? Go figure.

Snyder enlisted the help of Detroit attorney George Scott Romney, the brother of 2012 GOP presidential candidate Mitt Romney, in bringing Nixon to Michigan, because Romney shared ties to Utah and the Mormon faith.

“They’re just a wonderful family,” Romney said of Nixon, who along with his wife, DeAnn, has six children between the ages of 4 and 17.

“I was disappointed” to hear Nixon was leaving, Romney said, but “I think it’s a wonderful opportunity for him.”

Leaving is “a wonderful opportunity”? That’s an understatement. Then again, ‘ol Elder “Arithmetic” Romney ain’t never been too sharp with numbers, has he?

24 + 4 = 30

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