More Insanity From The Political Left

Yesterday The Wall Street Journal posted an article about a recent statement from New York City Mayor Bill de Blasio.

The Mayor stated, “Here’s the truth. Brothers and sisters, there’s plenty of money in the world. There’s plenty of money in this city. It’s just in the wrong hands.”

Wow. So it’s wrong for the money to be in the hands of the people who actually earned it?

The article notes:

• Perhaps he means David Koch, the retired businessman and libertarian who donated the entire $65 million cost for the new public plaza in front of the Metropolitan Museum of Art. The more than six million people who visit the museum each year can now stroll past trees and fountains on their way in and out of the Met, which by the way is also supported by private donors.

• Or perhaps the mayor is thinking of Ken Langone, the Home Depot founder, who has donated hundreds of millions of dollars to the New York University Medical Center that treats patients of all incomes and social strata. Mr. Langone’s most recent $100 million gift, made last year, will go to provide cost-free tuition for every NYU medical student. Wrong hands?

• Or maybe the mayor has in mind Richard Gilder, who made a fortune in finance and provided the first major grant for the Central Park Conservancy that has rescued the park from its sad mid-20th-century decline. Each year the conservancy, led by private donors, restores eroding corners of this grand public space with new trees, lawns, playgrounds and ballfields that are used by tens of thousands across the city regardless of income.

Mr. Gilder has also given generously to the American Museum of Natural History and the New-York Historical Society, two other favorites for visitors and students of all ways and means.

• Then again the mayor dislikes charter schools, so perhaps he means Stanley Druckenmiller, the legendary investor who has donated hundreds of millions of dollars for Geoffrey Canada’s successful charter-school network in the poorest neighborhoods of the city. These students would otherwise be stuck in failing schools run by Mr. de Blasio’s friends in the teachers union.

But thanks to donations from Mr. Druckenmiller, and hedge-fund operator Dan Loeb’s gifts to the Success Academy charter network, thousands of kids have a shot at a better life.

The article reminds us that because of capitalism and the fact that when men can keep the fruits of their labor, donations are made that educate children, improve neighborhoods, and provide playgrounds and recreation.

Let’s compare that record with what happens when government controls the money. The article concludes:

As for Mr. de Blasio’s right hands, there are those failing schools. And don’t forget the New York City Housing Authority, which last year had to sign a consent decree with the federal government for lying about its failure to provide safe and sanitary conditions.

“Somewhat reminiscent of the biblical plagues of Egypt, these conditions include toxic lead paint, asthma-inducing mold, lack of heat, frequent elevator outages, and vermin infestations,” federal Judge William Pauley III wrote last year, adding that the authority “whitewashed these deficiencies for years.”

Perhaps those are the hands Mr. de Blasio should do something about.

Those Nasty Unintended Consequences

On Monday, Investor’s Business Daily posted an editorial detailing the impact of ObamaCare on doctors.

The editorial reports:

A year before ObamaCare became law, an IBD/TIPP Poll warned that it would lead to doctor shortages because many would quit or retire early. New evidence shows that our warnings were dead on.

A recent report from the Association of Medical Colleges projects doctor shortages of up to 121,300 within the next 12 years. That’s a 16% increase from their forecast just last year.

Not only are medical schools having trouble attracting doctors (New York University plans to offer free tuition to its med students), but current physicians are cutting back on patient visits, retiring early or switching careers.

An article in a recent issue of the Mayo Clinic Proceedings says that nearly one in five doctors plan to switch to part-time clinical hours, 27% plan to leave their current practice, and 9% plan to get an administrative job or switch careers entirely.

The editorial cites one possible reason for the declining number of doctors:

One of the big drivers of doctor exits, by the way, is the Obama administration’s “electronic health records” mandate, which was supposed to vastly improve the quality and efficiency of care.

It’s had the opposite effect. A Mayo Clinic survey found that the EHR mandate is reducing efficiency, increasing costs and paperwork hassles, and pushing more doctors to quit or retire early.

A Harris Poll found that 59% of doctors say the current EHR system foisted on them by the Obama administration needs “a complete overhaul,” and 40% say it imposes more challenges than benefits.

ObamaCare continued what had been a long and sorry trend in health care. Government-imposed rules designed to fix some problem in the system instead generated mountains of new administrative work.

The result has been that while the number of physicians in the country has climbed modestly over the past three decades, the number of health care administrators exploded.

This is an illustration of the consequences of government interference in the free market. The free market isn’t perfect, but it is the best way to keep prices down, innovation up, and industries (and professions) moving forward.

The Real Cost Of Owing A Ton A Money To China

Out of every dollar the American government spends, roughly 40 cents is borrowed from China. What difference does it make? In some cases a lot of difference.

On Saturday the New York Post reported that Chen Guangcheng and his family must vacate New York University housing by July 15th. Chen Guangcheng and his immediate family arrived in this country in in May of last year (see rightwinggranny.com) after seeking refuge in the American Embassy in China.

The article reports:

The move-out mandate comes as Chen plans a trip to Taiwan later this month, and grapples with worries that members of his family in China are being beaten and denied urgent medical care by authorities.

NYU’s extension of its out-by-June-30 eviction notice comes on heels of an exclusive Post report that the university, which is building a new Shanghai campus, was ousting Chen under pressure from China.

There are two aspects of this story–NYU is under pressure by the Communist Party of China to evict Chen, but there is another part of the story. Does anyone honestly think that if America was not so deeply in debt to China, that China would be exerting this pressure? Our government has been severely weakened by the debt caused by runaway spending. We need to stop overspending and rebuild our image around the world.

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