In the September 14th primary election, Bruce Blakeman is one of three Republican candidates vying for the seat of New York’s junior Senator, Kirsten Gillibrand. Mr. Blakeman, an attorney and former Presiding Officer of the Nassau County Legislature, will face-off against David Malpass and Joe DioGuardi.
Confident in regard to his prospects for the Republican nomination, Mr. Blakeman commenced our August 30th phone interview with a list of national grievances: “I am running against Kirsten Gillibrand because, like most New Yorkers, I am angry, frustrated and worried about the direction that the country has taken in the past two years.” Mr. Blakeman noted that unemployment, the national deficit and mortgage foreclosures have continued to rise, and that “The very survival of our nation depends on going back to the principles that made America a great economic power.” Blakeman further excoriated Senator Gillibrand for voting “in favor of every spending bill,” for supporting the controversial “Ground- Zero Mosque,” and for “not being opposed to the trial of a terrorist, in a civilian court, in New York City.”
In relation to his hometown of Long Island, Mr. Blakeman believes that in addition to cutting taxes to allow for businesses to reinvest in “technology, equipment and people,” a prosperous Long Island will require “getting back to our manufacturing base.” Blakeman believes that the key to Long Island’s future is in the “high-tech” fields of production.
Blakeman appeared especially proud of his work as a consultant for Cannon U.S.A. Inc. He was influential in Cannon’s purchase of 52 acres of property in Melville, where the digital imaging giant will soon be building its new corporate headquarters. Mr. Blakeman believes that this purchase of property may eventually produce as many as 2,000 new jobs for the people of Huntington.
Candidate Blakeman touted his conservative credentials as he compared himself to his opponents in the upcoming Republican primary. “I am the only true conservative in this race. In the four years that I was in government in Nassau County, I cut over $150 million from the County Executive’s budget.”
Blakeman’s opponents in the September 14th primary will be David Malpass, a former Reagan Administration treasury official, and Joe DioGuardi, a former New York Congressman. Both of these candidates are claiming the conservative mantle as well. Irrespective of the viewpoints of his opponents, Blakeman’s platform does appear to pass the modern conservative litmus test. In what Mr. Blakeman refers to as his “C.P.R” approach, he enumerates his platform as follows: 1) Cut taxes and spending in order to create new jobs. 2) Protect our homeland and our borders. 3) Repeal Obama-Care.
“This country is failing,” said Mr. Blakeman in a tone reminiscent of Ronald Reagan. “It’s time to get back to basics.” New York’s September 14th primary election will determine whether or not Bruce Blakeman will be afforded the opportunity to act on his conservative ideals.
Wednesday, September 8, 2010
Wednesday, September 1, 2010
Reagan, Kennedy & Supply-Side Economics
Proponents call it “supply-side economics”, detractors, the “trickle-down effect”. Semantics aside, this economic philosophy is the theory most consistent with America’s founding tenets of freedom of commerce, individual autonomy and noninvasive government. Supply-side economics has been effectively utilized in the past, under the stewardship of esteemed leaders such as Alexander Hamilton, John F. Kennedy and Ronald Reagan, in order to rescue the American economy from the brink of fiscal collapse. It is a theory rooted more in broad national values than in economic intricacies, allowing the American people, not the American government, to set commercial policy.
Free trade, low taxes and minimal commercial regulation are the foundations of the supply-side theory. By allowing Americans, both rich and poor, to keep a fair share of what they earn, we invite capital investment which, in turn, results in economic growth. With regard to individual income taxes, the lower the rate of taxation, the more money that is available for the buyer. This excess money will naturally be utilized to purchase a product or service, to invest in an upstart company or to be saved, with interest, in a bank account. With regard to business and corporate taxes, common sense dictates that a company’s profit margin serves as its driving incentive for investment, expansion and hiring. The more money the government takes, the less profit a business makes, the less profit a business makes, the less people it chooses to employ, the less people employed within a community, the less revenue that is raised through taxes. The government’s typical reaction to this diminishing revenue is yet another increase in taxes, causing more businesses to contract and raise prices, therefore perpetuating a vicious cycle.
Free trade and minimal commercial regulation, each serve the purpose of creating national wealth and increasing the real GDP. The greater the number of American products allowed to be sold abroad, the more money that will circulate within our economy at home, resulting in more domestic jobs and higher national wages. The same, too, can be said with regard to allowing foreign companies to operate within our borders. These companies will naturally employ additional American workers to tend to their business affairs, encouraging competition and demand.
The less operational control the U.S. government has over the affairs of American capitalism, the better off the economy will be. Big government is inefficient and clumsy by nature, private enterprise the engine of Americanism. New York State, with the highest top marginal personal and corporate tax rates in the nation, is in dire economic straits. However, even the states with less burdensome tax policies are no longer able to thrive. This is due to nearly four years of continuous congressional attacks on the American private sector, culminating in the passage of Obama-Care and the ill-conceived financial reform bill.
America’s current national debt dwarfs that of any other period in our history. We are in the midst of a trade war with Mexico as a result of union manipulations. The majority of the free world has negotiated trade agreements with Colombia and South Korea, yet America’s attempts at negotiations with these nations are languishing on Capitol Hill. January will usher in the largest business tax increases in American history via the expiration of the Bush-Era tax cuts and the newest round of Obama-Care levies. These policies, in a withering economy, are akin to those of the Nixon and Hoover Administrations, and will likely share their fate – that of making a bad economy worse.
The supply-side policies of the Kennedy and Reagan Administrations are the models that Americans should be attempting to emulate. In both instances, the leadership of the Presidents and the efforts of Congress resulted in rescuing the American economy from dismal conditions, leading to historically significant periods of economic growth. This growth, in both instances, resulted in increased government revenue, irrespective of lower tax rates. Presidents Kennedy and Reagan both held strong reverence for the ingenuity of the American people, each voluntarily transferring economic power from the government to the people, subsequently concentrating their respective resources on national defense, human rights and space exploration. These were issues that Presidents Kennedy and Reagan considered to be more in line with their constitutionally granted authority.
Supply-side economics is a proven theory that has resulted in the most fiscal prosperity for the maximum number of Americans. It is based on a quintessentially American premise. When a people are in control of their own destiny, they will, by nature, endeavor to improve it. Americans are prone to utilize that freedom in order to secure prosperity for subsequent generations; it is within our nature to do so. If a government controls its economy, it necessarily controls its people. Freedom of commerce is a liberty that Americans often take for granted; supply-side economics insures this liberty by keeping the government at arm’s length. If we allow our Congress to further impede upon our traditional commercial autonomy, sooner or later, supply-side economics will cease to be a viable option. Across the board tax cuts, free trade and commercial deregulation will merely be policies of the past. Countless generations of Americans will never have the opportunity to experience the prosperity that we once knew, and the American dream
Free trade, low taxes and minimal commercial regulation are the foundations of the supply-side theory. By allowing Americans, both rich and poor, to keep a fair share of what they earn, we invite capital investment which, in turn, results in economic growth. With regard to individual income taxes, the lower the rate of taxation, the more money that is available for the buyer. This excess money will naturally be utilized to purchase a product or service, to invest in an upstart company or to be saved, with interest, in a bank account. With regard to business and corporate taxes, common sense dictates that a company’s profit margin serves as its driving incentive for investment, expansion and hiring. The more money the government takes, the less profit a business makes, the less profit a business makes, the less people it chooses to employ, the less people employed within a community, the less revenue that is raised through taxes. The government’s typical reaction to this diminishing revenue is yet another increase in taxes, causing more businesses to contract and raise prices, therefore perpetuating a vicious cycle.
Free trade and minimal commercial regulation, each serve the purpose of creating national wealth and increasing the real GDP. The greater the number of American products allowed to be sold abroad, the more money that will circulate within our economy at home, resulting in more domestic jobs and higher national wages. The same, too, can be said with regard to allowing foreign companies to operate within our borders. These companies will naturally employ additional American workers to tend to their business affairs, encouraging competition and demand.
The less operational control the U.S. government has over the affairs of American capitalism, the better off the economy will be. Big government is inefficient and clumsy by nature, private enterprise the engine of Americanism. New York State, with the highest top marginal personal and corporate tax rates in the nation, is in dire economic straits. However, even the states with less burdensome tax policies are no longer able to thrive. This is due to nearly four years of continuous congressional attacks on the American private sector, culminating in the passage of Obama-Care and the ill-conceived financial reform bill.
America’s current national debt dwarfs that of any other period in our history. We are in the midst of a trade war with Mexico as a result of union manipulations. The majority of the free world has negotiated trade agreements with Colombia and South Korea, yet America’s attempts at negotiations with these nations are languishing on Capitol Hill. January will usher in the largest business tax increases in American history via the expiration of the Bush-Era tax cuts and the newest round of Obama-Care levies. These policies, in a withering economy, are akin to those of the Nixon and Hoover Administrations, and will likely share their fate – that of making a bad economy worse.
The supply-side policies of the Kennedy and Reagan Administrations are the models that Americans should be attempting to emulate. In both instances, the leadership of the Presidents and the efforts of Congress resulted in rescuing the American economy from dismal conditions, leading to historically significant periods of economic growth. This growth, in both instances, resulted in increased government revenue, irrespective of lower tax rates. Presidents Kennedy and Reagan both held strong reverence for the ingenuity of the American people, each voluntarily transferring economic power from the government to the people, subsequently concentrating their respective resources on national defense, human rights and space exploration. These were issues that Presidents Kennedy and Reagan considered to be more in line with their constitutionally granted authority.
Supply-side economics is a proven theory that has resulted in the most fiscal prosperity for the maximum number of Americans. It is based on a quintessentially American premise. When a people are in control of their own destiny, they will, by nature, endeavor to improve it. Americans are prone to utilize that freedom in order to secure prosperity for subsequent generations; it is within our nature to do so. If a government controls its economy, it necessarily controls its people. Freedom of commerce is a liberty that Americans often take for granted; supply-side economics insures this liberty by keeping the government at arm’s length. If we allow our Congress to further impede upon our traditional commercial autonomy, sooner or later, supply-side economics will cease to be a viable option. Across the board tax cuts, free trade and commercial deregulation will merely be policies of the past. Countless generations of Americans will never have the opportunity to experience the prosperity that we once knew, and the American dream
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Jeremy Pitcoff & Governor Mike Huckabee
