by AZ Free Enterprise Club | Apr 1, 2023 | Opinion
By the Arizona Free Enterprise Club |
We’re just over two years into President Biden’s presidency, and it appears the push for the Green New Deal is in full swing. They’re coming for your money. They’re coming for your cars. And now, yes, they are indeed coming for your gas stoves.
Of course, these Green New Deal activists don’t want you to know that. That’s why the mere mention of a potential gas stove ban draws eye-rolling responses from the left—like this piece from The New York Times that wants to assure you that the Biden administration is not planning a ban on gas stoves. Or the White House putting out a statement that the president does not support such a ban.
But it’s all lies.
Under the guise of public health and safety concerns, the Department of Energy issued a new rule in January that could ban up to 96% of existing gas stoves…
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by Dr. Thomas Patterson | Mar 31, 2023 | Opinion
By Dr. Thomas Patterson |
Joseph Schumpeter was an Austrian born economist who last century coined the term “creative destruction” to describe the method by which capitalism continually reinvigorates itself. Unlike the static monarchical guild-based economies or the now-pervasive socialist states, capitalism is in constant turmoil. Ceaseless competition produces winners, losers – and progress.
Schumpeter’s key insight was that failure is essential to capitalism’s success. The outmoded and inefficient must give way to more successful models for capitalism to work its magic as the most beneficial-for-all economic engine of all time.
But that doesn’t mean the short-term consequences of failure aren’t painful to those who bear them. Buggy manufacturers, candlemakers, and others overtaken by progress were convinced that the demise of their industries would inflict lasting damage not only on themselves, but on the economy.
But the harm was mostly short term. American lore is full of stories of honest strivers who learned from their disappointments and went on to great success. Reasonably flexible workers found employment in new fields where they were often more productive.
Schumpeter was right that capitalism is fundamentally a “no pain – no gain” deal. But that can be a hard sale in a culture that has come to believe nothing bad should happen to anyone, that pain and failure are indicators of injustice.
We ditch merit-based exams because some students may feel bad. We award participation medals. We mandate facemasks just in case.
Thus, the Obama administration, after the banking collapse of 2008–09, soothed the wounds of the too-big-to-fail lending banks by bailing them out with billions of taxpayer provided funds. But the banks were engaged in exactly the behaviors that Schumpeter believed free markets were designed to punish.
The banks (at the insistence of the feds) made thousands of “sub-prime” loans, using underwriting criteria which would previously have been considered unthinkable. Worse, when the loans began to go sour, instead of cutting their losses, Wall Street repackaged them as “mortgage-backed securities.” These were sold off as far more valuable than the mortgages of which they were composed.
We all know how that ended. Yet because of the bailout, no banks failed. The perps walked away from the train wreck they had caused.
The mortgage lenders 15 years ago clearly did not fear the discipline of the market. Neither did the decision makers at Silicon Valley Bank (SVB), which has also failed due to unwise risk-taking.
SVB occupied a desirable niche, serving the local venture capitalists and tech startups. The fed pumped trillions of dollars into the economy while interest rates were held near zero, making us all feel rich. The stock market, especially tech investments, soared.
Times were good. Deposits in SVB tripled in the three years after 2019. SVB could offer generous loan terms to favored borrowers and above market returns on deposits.
But the music had to stop eventually and so it did. The feds finally raised interest rates in response to roaring inflation. SVB was forced to raise capital and sell some assets at a loss, sparking a run by depositors, which SVB was unable to withstand. The bank collapsed.
SVB had been warned. It lacked the liquidity to respond to stress because the present market value of its held-to-maturity bonds was $15.9 billion less than face value at maturity, which was the number on the balance sheets. The cash wasn’t there when needed.
Most commentators deemed this a regulatory failure. But does a banker really need a regulator to tell him not to count on zero-interest rates indefinitely? That loans to shaky borrowers might default? That bond values fall when interest rates rise?
Of course they knew. They just didn’t care – enough. If they believed their losses would be borne by others, then charging ahead through all the yellow lights to maximize gain actually made sense.
SVB, its depositors, and associated banks have all been bailed out to “stop the contagion.” That’s politically astute, even though the demise of Lehman Brothers 15 years ago hardly fazed financial markets.
But relying on government regulation, rather than market forces, to discipline bank behavior has produced a chronically unstable financial sector which lurches from crisis to crisis.
Let them fail.
Dr. Thomas Patterson, former Chairman of the Goldwater Institute, is a retired emergency physician. He served as an Arizona State senator for 10 years in the 1990s, and as Majority Leader from 93-96. He is the author of Arizona’s original charter schools bill.
by Peggy McClain | Mar 27, 2023 | Opinion
By Peggy McClain |
“Even if just one life is saved.”
Who does not agree with a statement like this? It certainly tugs at the heartstrings, but what we often don’t hear is how many lives are lost or compromised due to what was deemed as a solution.
Last year the Teen Mental Health House Ad Hoc Committee was formed at the Arizona Legislature with this stated purpose:
The Ad Hoc Committee on Teen Mental Health, which will consist of members of the House of Representatives and of the community, is intended to research and review information regarding how substance abuse, depression and mental illness, bullying and social media, and other factors may affect mental health in youth and potential teen suicide. The committee shall work to identify potential solutions and make recommendations to public and private agencies with the goal of addressing teen mental health issues and improving access to mental health care.
Most of the time when governments choose committee members, it is so a pre-determined goal will be achieved. What the public sector continually lacks is the diligence to take a deep dive into issues and critically think about ramifications. Officeholders prefer politically expedient solutions, while education contractors benefit financially via lobbyists who peddle their wares.
The issues surrounding Arizona HB2635 are real and scary, whether one supports the bill or not. Representative Travis Grantham (R-LD14) was the Vice Chair of the Teen Mental Health Committee, and the personal stories he heard clearly moved him. He sponsored HB2635 which would allow local governing boards to provide a mental health app for teens to have on their phones simply for access to a suicide prevention line.
But high schools and colleges are already required by Arizona law to print a suicide hotline number on student IDs. While an app for quick access to a suicide hotline sounds lifesaving, there are long-term risks involved for a product like this that lacks proven results. According to a study conducted by Internet Safety Labs and published December 13, 2022, even apps customized for school districts are less safe compared to generic apps—as 96% of the apps recommended by school districts share personal information with third parties.
We know our phones are tracking and listening to us. Apps can be developed to pick up on keywords which may relate to a stressful situation or even just an argument a teen has with his or her parents. Apps are also programmed to pick up certain emojis. Schools could then be notified and intervene based on a narrative which has nothing to do with suicide. Meanwhile, the information the app gathered never goes away. Mental health information gleaned from an app may be a problem later in life when the child is applying for jobs or certain academic programs.
In addition, according to study by Internet Safety Labs, 61% of custom apps send information to Google, while 81% access location information. These apps synchronize with the student’s Chromebooks and other devices. This is especially unnerving in Arizona, which is a leading state for sex trafficking. On top of that, several Arizona school districts recognize that social media is contributing to youth mental health problems, and one is even suing Facebook, YouTube, and TikTok. Why would our legislature support an app which leads students to these platforms?
Representative Grantham has been looking at a similar mental health app used in Utah. The idea started as a pilot program, collected data, and through the data it was deemed necessary to expand the program. Now that the data is documented, the proponents call it “evidence-based.”
Due to pushback, Representative Grantham proposed adding an amendment to provide “guardrails” for the mental health app. Will guardrails tell us who is on the other end of a suicide hotline? Like former Superintendent Kathy Hoffman’s QChat, parents are circumvented while minors are talking with strangers their parents know nothing about.
One of the mental health apps used in Utah is Bark, which has an LGBTQIA+ page. Bark also links students to the Trevor Project, which steers children to gender ideology. At the same time, the child’s data is recorded forever. That is concerning, especially since Bark advertises the CDC as one of its partners. Exactly what is the government doing with the information collected while the minor is tracked?
Children are suffering from a lack of personal interactions with parents, teachers, and friends. Sending them to an app—especially sinister ones like this—only exacerbates the problem. The Arizona Legislature should vote no on HB2635. Gathering data on children is an outright assault on them.
Peggy McClain is a concerned citizen who advocates for accountability in Arizona’s schools. You can follower her on Twitter here.
by AZ Free Enterprise Club | Mar 26, 2023 | Opinion
By the Arizona Free Enterprise Club |
In the midst of the COVID-19 pandemic in 2020, multiple government officials seized the opportunity to grab more power. Perhaps chief among them were the Tucson city council and Mayor Regina Romero, who exploited the moment by declaring a “climate emergency.” Now, the city of Tucson has finalized its plan to solve this “climate emergency”—to the tune of an estimated $326 million. But it’s not just the cost that should concern you.
Tucson’s Climate Action Plan, titled “Tucson Resilient Together,” is ripe with Green New Deal mandates that are aimed at forcing citizens out of their cars, controlling their lives, and destroying the community. By 2050, they plan to force 40% of all people living in Tucson to commute by walking, cycling, taking public transportation, or “rolling” (whatever that means). And that’s just the start.
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by Abraham Hamadeh | Mar 20, 2023 | Opinion
By Abraham Hamadeh |
There have been multiple times where provisional ballots were initially deemed illegal by the government but later counted as legal after election challenges.
One example of this occurred during the 2000 presidential election, when thousands of provisional ballots in Florida were initially deemed invalid because they were cast by voters who were not on the official voter rolls. However, after legal challenges and court orders, these provisional ballots were ultimately counted.
In 2019, election officials in Georgia were found to have improperly removed thousands of voters from the rolls, including some who had not actually moved and were still eligible to vote at their registered address. However, a judge ordered that these ballots be counted. Similarly, in 2018, election officials in Florida were found to have mistakenly removed thousands of voters from the rolls due to a data error.
My team has discovered that many Arizonans were wrongfully disenfranchised, due to system or process error. Prior to running for Attorney General, I served as a prosecutor at the Maricopa County Attorney’s Office and overseas with the U.S. Army Reserve. I swore an oath to uphold the laws and defend the Constitution. My commitment to fight is instilled in my values, and I will continue to seek justice and accountability for those who were wrongfully disenfranchised.
In the closest race in Arizona history with a margin of 280 votes out of 2.5 million there remains thousands of uncounted Election Day provisional ballots. Not only is this the closest race in Arizona history, but it is also the race with the biggest recount discrepancy in statewide history. Making sure the legitimate candidate who received the most votes won is paramount for the success of democracy.
The courts are the proper venue for these ballot disputes, not the corporate media or political consultants who act as spokesmen and propaganda for the government. I will continue to fight relentlessly to make sure the will of the people is honored and that all lawful votes are counted.
Abraham Hamadeh is the Republican nominee for Arizona Attorney General. You can follow him on Twitter here.
by AZ Free Enterprise Club | Mar 18, 2023 | Opinion
By the Arizona Free Enterprise Club |
The Biden administration and radical environmentalists will do anything they can to enforce their climate change agenda on the American people. And now, they are using ozone control measures to do just that right here in the state of Arizona.
On September 16, 2022, the United States Environmental Protection Agency (EPA) reclassified Maricopa County as a moderate nonattainment area of ozone limits under the Clean Air Act. This basically means that, according to the EPA, Maricopa County’s ozone levels are too high and therefore our state—including its individual citizens, motorists, and businesses—will be forced to adopt ozone control measures.
So, what exactly caused Arizona’s rise in ozone levels? Was it more cars on the road? A dramatic increase in air travel to our state? Too many cows releasing methane into the air?
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