January, 2018, Part 3, Political Class Insanity: John Kerry Enriches His Daughter, California Kills Jobs, and More

It is the beginning of another month which means it is again time to review the latest political class insanity from Washington and around the world. Political class insanity takes many forms including the wasting of taxpayer wealth, criminal fraud within government programs, inane and stupid political quotes and actions, the inability to create and implement effective and efficient government programs, stupid and ill performing economic policies and strategies, and other forms of insanity that continue to evolve and surprise and shock us.

Let's get started:

1) Nowhere do American politicians show their ignorance more than on economic matters. They almost always opt for the solution that satisfies their political intentions rather than the economic solution that is right. In fact, more often than not, their decisions on economic policy make a bad situation worse, not better. Consider some analysis of a recent economic action from California politicians:

• Joe Crowe, writing for NewsMax on December 15, 2017, reviewed the recent action taken by California politicians regarding the minimum wage in that state.
• The state has enacted legislation that will force companies to pay their workers at least $15 an hour by 2023.
• An analysis of that law by the Economic Policy Institute, which looked at employment trends from 1990 through 2017, concluded from their analysis that each 10% increase in the minimum wage in California resulted in a 2% decline in jobs for minimum wage workers.
• This led the Institute to conclude that this latest economic foray by state politicians will cost the state 400,000 jobs.
• Most of the job losses will be in the food service and retail industries, typical industries that hire lower waged people. lower income people.

As always, when politicians meddle in economics and the free market they end up hurting the very people they say they are helping. Or as we have said many times, “the good news is that you have to be paid at least $15 an hour at your job,the bad news is you no longer have a job (because in this case in California 400,000 jobs are likely to be wiped out because of this new law.” Thus, 400,000 people will see their hourly wage go to zero, not quite what the politicians likely had in mind.

2) Corruption among the American political class seems to be a constant these days. We had the Clintons running a kickback crime syndicate using the Clinton Foundation as a front. Congresswoman Corrine Brown was recently sentenced to jail for defrauding her own charity. Earlier this week we discussed the case of Congressional candidate Shaun Brown who was recently indicted by a Federal grand jury for defrauding her own charity also.

And now we have a story from the Daily Caller website on how former Secretary of State John Kerry defrauded the American taxpayer:

• We have previously reported on how the State Department funneled millions of taxpayer dollars to a charity operated by his daughter, Vanessa Kerry.
• The latest report purports to confirm that Kerry knew all about this sham, non-competitive bid situation and did nothing to stop it.
• The Daily Caller claims that Kerry privately lauded his daughter’s program back in 2014 but did nothing to stop the non-competitive bid renewal of the State Department contract at that time: “What we’re talking about here is a multi-million dollar effort that will strengthen the capacity of healthcare workers to deliver lifesaving HIV services,” Kerry said in December 2014, at a World AIDS Day event. “[I]t will build on the Global Health Service Partnership with Peace Corps and Seed Global Health.”
• These Kerry comments from over three years ago is in direct conflict with the official State Department position that Kerry “played no role” in Department decision to funnel over $9 million to his daughter’s non-profit without any competitive bidding on the project being done.

Makes one wonder, in conjunction with the crime syndicate that his predecessor ran while Secretary of State, was there was ever a more corrupt, crooked State Department under any other President than the one under Obama?

3) The next embarrassment from the American political class is a little dated but worth reviewing anyway. It comes from the Biz Pac Review website in an article written by Carmine Sabia back on November 24, 2017 and is related to the recent sexual predatory issue surrounding not only politicians but journalists and Hollywood power houses:

• Most people know by now that a number of Washington politicians have been outed or at least accused of being sexual predators and perverts.
• One of the most accused those perverts was allegedly John Conyers, a Congressman from Michigan, who eventually resigned as a result of his actions and/or accusations against him from numerous women.
• Mr. Conyers apparently, at least in the initial stages of the sexual predator scandals, was not going to resign and apparently found a way to justify the reason for not resigning, according to his lawyer: “Mr. Conyers is not going to resign. If everybody that was facing ‘allegations’ — including the President, members of the House and Senate — resigned, we’d have a lot of unemployed people walking around.”
• The lawyerly statement is kind of admitting your client is wrong without admitting he is wrong, i.e. everyone else is being accused or is guilty of sexual harassment and worse so let’s not worry about my client’s alleged behavior, everyone else does it also.
• The lawyer then tried to rebound off of this “everyone else is doing it” defense to claim his client is innocent of the numerous charges even though we know that taxpayer funds were used to settle a 2015 lawsuit of sexual harassment that a woman had brought against the Congressman.

I did not do anything but even if I did, a lot of others may have done the same thing so you cannot punish all of us. Which sounds like an adult version of the excuse you gave our mom when you were a kid, “everyone else was doing it,” e.g. jumping off a bridge, so it is okay. Pathetically insane.

That will do it for today’s insanity: group think...and sin in Washington, John Kerry’s “I see nothing imitation” when it comes to enriching his own family with taxpayer wealth, and economic ignorance in California and the death of 400,000 jobs. More insanity to come.

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