San Diego, California Talk Radio Station - 760 KFMB AM - 760kfmbFree trade and the State of the State

Lawrence Reed, the president of the Foundation for Economic Education kicked off the show this morning. We talked about some economic fallacies, especially dealing with free trade.

He walked us through the other half of the "trade deficit" numbers. Here is some info on the "Capital Account Surplus" and how the balance of payments is always zero.

Lawrence Reed is speaking at Sonrise Community Church in Santee Friday at 6:15.

http://media.worldnow.com/kfmbam/podcast/the_mike_slater_show_6438.mp3

The Governor gave his State of the State address yesterday. You'll be shocked what he wants more of. CA GOP Chairman Tom Del Becarro gave us his response:

http://media.worldnow.com/kfmbam/podcast/the_mike_slater_show_6440.mp3

http://www.youtube.com/watch?v=GnY7V4LzUsU

This was my favorite part of the Gov's speech:

"Last year, I appointed a top advisor with an impressive background in the private sector and charged him with finding out what doesn't work for business in this state and how to fix it. What he heard consistently was that business needed an effective champion to navigate the state's plethora of complex laws and regulations which can discourage investment and job creation. You enacted a law to restructure our office of business development and place it in the governor's office. Under the name GO-BIZ, we now have a point of contact at the highest level for businesses large and small. More than that, the GO-BIZ office is staffed with people who understand what it's like to be in business and stand ready to intervene and give real help to get businesses open and projects off the ground."

So instead of eliminating the plethora of laws and regulations, he just created a new bureaucracy to help you maneuver it. Thanks.