Free Markets, Free People

Daily Archives: July 31, 2013


Economic Statistics for 31 Jul 13

Here are today’s statistics on the state of the economy:

The MBA reports mortgage applications fell -3.7% last week, with purchases down -3.0% and re-fis down -4.0%.

The ADP Employment Report indicates that 200,000 new private payroll jobs were created in July.

The Commerce Department’s initial estimate of 2nd Quarter GDP growth is an anemic 1.7% annualized, though that’s up from the 1.1% of the previous quarter. Inflation slowed, as the GDP price index rose 0.7%, compared to 1.2% in the 1st Quarter.

The Employment Cost Index rose a steep 0.5% in the 2nd Quarter, and is up 1.9% over a year ago.

The Chicago Purchasing Managers Index rose 0.7 points to 52.3 in July, but the new orders, production, and inventories components all declined.

~
Dale Franks
Google+ Profile
Twitter Feed


How inept is big government?

I think the signs are clear that most of big government displays varying degrees of ineptness, from slightly to completely.  And over the years, the entire scale of government has moved relentlessly to the “completely” side of things.

Here’s a simple example of why few have any trust in government and even fewer believe what it says anymore.  In this case it has to do with security and immigration.  It has to do with basic competence.  It has to do with following and enforcing the law.  And it also has to do with a department of government which has done none of those things:

The Homeland Security Department has lost track of more than 1 million people who it knows arrived in the U.S. but who it cannot prove left the country, according to an audit Tuesday that also found the department probably won’t meet its own goals for deploying an entry-exit system.

The findings were revealed as Congress debates an immigration bill, and the Government Accountability Office’s report could throw up another hurdle because lawmakers in the House and Senate have said that any final deal must include a workable system to track entries and exits and cut down on so-called visa overstays.

The government does track arrivals, but is years overdue in setting up a system to track departures — a goal set in a 1996 immigration law and reaffirmed in 2004, but which has eluded Republican and Democratic administrations.

“DHS has not yet fulfilled the 2004 statutory requirement to implement a biometric exit capability, but has planning efforts under way to report to Congress in time for the fiscal year 2016 budget cycle on the costs and benefits of such a capability at airports and seaports,” GAO investigators wrote.

Why has it eluded both Republic and Democratic administrations? Basic incompetence coupled with bureaucratic resistance. A combination which leads to ossification – something we see more and more of as government grows more vast and inept. Also note that many of the problems we suffer today are of government’s making. Certainly if we have a means of logging arrivals into the country, having a system that tracks their exit just couldn’t be that tough to do. And DHS has had the mandate to do that since … 1996. 17 years. 17 years and nada.  Result?  We have no idea how many foreigners we have illegally in this country right now.  But they can track a Pakistani Taliban for days on end via drones.

Of course none of this should surprise anyone, because the federal government isn’t now nor has it ever really been that interested in enforcing immigration laws. When it does do so it is almost by whim.

Like I said, this is just one example of the legion of examples where big government exacerbates problems by being inept or just intransigent (or both) in the execution and enforcement of laws.  Executive departments really don’t pay that much attention to either the law or Congress.  And, as usual, there are no consequences for doing so.  The department charged with homeland security during a war on terror has lost track of a million foreigners that have traveled to this country.

And no one seems to care.

~McQ

michael kors outlet michael kors handbags outlet michael kors factory outlet