Free Markets, Free People

Daily Archives: January 3, 2013


Should we ban “assault” hammers?

Because they kill more than all rifles each year, including “assault rifles”.

In 2005, the number of murders committed with a rifle was 445, while the number of murders committed with hammers and clubs was 605. In 2006, the number of murders committed with a rifle was 438, while the number of murders committed with hammers and clubs was 618.

And so the list goes, with the actual numbers changing somewhat from year to year, yet the fact that more people are killed with blunt objects each year remains constant.

For example, in 2011, there was 323 murders committed with a rifle but 496 murders committed with hammers and clubs.

Where is DiFi when you need her.   License hardware stores. Register hammers. And get those nasty looking “assault hammers” off the market.

And by the way, there is no right to a hammer, is there?  No Second Amendment for hammers or clubs. Where are the Democrats on this?

By the way, I assume you can do the math concerning the minute number of deaths in the US by rifle and figure out that for the most part it would be considered statistical noise if we were talking about anything else.

~McQ


Economic Statistics for 3 Jan 12

The following US economic statistics were announced today:

The Bloomberg Consumer Comfort Index rose 0.3 points this week to -31.8, an 8-month high.

Chain stores are reporting December sales today, and it seems to be a mixed bag, as some retailers are lowering earnings guidance, while others are raising it. Many report the month got off to a slow start, forcing retailers to offer greater discounts.

The MBA reports that mortgage applications fell -21.6% last week, with purchases down -14.8% and refinancings down -23.3%.

The Challenger Job-Cut Report shows only 32,556 layoffs in December, the lowest since August.

The ADP Employment Report shows a strong 215,000 gain in private payrolls for December. We’ll see if that’s reflected in tomorrow’s Employment Situation.

Initial claims for unemployment rose 10,000 last week, to 372,000. The 4-week moving average rose 3,250 to 360,000, Continuing claims rose 44,000 to 3.245 million. The improvement last week is now gone due to a sharp revision upward 12,000  to 362,000.

~
Dale Franks
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And now the “rich” will pay…

I hate to say “I told you so”, but it isn’t just the rich who will be paying increased taxes. And what should be clear to anyone with the I Q of a turnip, is that this will cost people their jobs.

The compromise called for taxes to rise to 39.6% from 35% on personal income above $400,000. In a 2011 study, the Treasury Department found that raising taxes on incomes over $500,000 would affect roughly 750,000 small businesses organized as S-Corps, partnerships and other small entities.

Of course, you remember the Democrats claiming that this wouldn’t affect small businesses. Well, that was a flat out lie. But then we live in an era of lies which, if there political apparently, we’re willing to overlook. While most of us are. I just had to be one of those who isn’t.   Not that Democrats are the only political liars, but they seem to be the most prolific and the most blatant. Especially when it comes to budget, deficit, and financial matters. They are the quintessential “snake oil” salesman.

And they have sold us are huge bottle of snake oil.

Couple these tax increases with the Obamacare taxes that kicked in on the 1st, and you have two reasons for 750,000 small businesses not to hire. And you can bet none of them will go over 50 employees, and some may even reduce staff to get under that number.

These are your “rich”. They happen to be the “rich” would generate jobs, or what have, if they hadn’t been hit by two new taxes this year.

Your government at work.

~McQ