March 14, 2013

Church Leaders' Political Opinions Aren't Official Doctrine

In past decades, there have been a few General Authorities of the Church of Jesus Christ of Latter-day Saints who have been outspoken on American politics. Some Church members frequently quote from these politically outspoken former General Authorities in order to justify certain right-wing political views, often implying a doctrinal quality to such views, and, on occasion, attempt to question the faithfulness of members who disagree.

January 17, 2013

Can Congress Make You Eat Broccoli?

Opponents of the Affordable Care Act (ACA) of 2010 frequently criticized the law’s central component -- the individual insurance mandate -- and argued that if Congress was permitted to compel everyone to purchase health insurance, it could also pass other laws that compelled Americans to buy products such as broccoli. In his ruling against ACA, Judge Roger Vinson, a conservative Reagan appointee to the Pensacola, Florida Federal District Court, argued that if ACA were upheld, “Congress could require that people buy and consume broccoli at regular intervals… because people who eat healthier tend to… put less of a strain on the health care system.”

January 7, 2013

Violence and Mental Health

The recent mass shooting at the Sandy Hook Elementary School in Newtown, Connecticut reinvigorated the national debate about gun control. While I believe that additional measures must be adopted to make it more difficult for criminals and the mentally ill to obtain firearms, it is equally important that Americans evaluate other areas in our society that may contribute to violent crime.

January 3, 2013

2012 Election Not a Mandate for More Gridlock

When Barack Obama was re-elected to the presidency last November, House Speaker John Boehner observed, "the American people have spoken. They have re-elected President Obama. And they have again elected a Republican majority in the House of Representatives." Republican House Minority Leader Mitch McConnell noted that the voters, "have simply given [Obama] more time to finish the job they asked him to do together with a Congress that restored balance to Washington after two years of one-party control." President Obama was re-elected with nearly 5 million more votes than Mitt Romney. Democrats deepened their grip on the Senate by capturing two additional seats. Democrats also gained 8 seats in the House, but were far from recapturing it.

October 30, 2012

Barack Obama for President

Perhaps one-day years from now President Barack Obama’s greatest legacy will be his prevention of an economic depression in the face of a financial crisis that was even more severe than the one that occurred in 1929. As Obama took office, the U.S. economy was shedding approximately 800,000 jobs per month. Home foreclosures were skyrocketing while stock markets plummeted. I wrote a more lengthy post regarding the recession and current economic recovery, but suffice to say, the circumstances in which President Obama took office were the worst any president has faced since Franklin Roosevelt. From the Troubled Asset Relief Program (TARP) and the Recovery Act, to the emergency bailout of General Motors and Chrysler and quantitative easing, policies pursued by the Obama administration and the Federal Reserve helped to put a floor on the recession and return the U.S. economy to sustained growth. The GDP growth rate turned around from negative 5.3 percent during the first quarter of 2009 to positive growth by the third quarter. The unemployment rate today is lower than it has been at any point during Obama’s term in office and we’ve had 31 consecutive months of private sector job growth. The stock market indices have more than doubled from their low point, observed just six weeks after Obama took office. Corporate profits of the Fortune 500 reached an all-time high in 2011 and consumer confidence is now higher than it has been at any point since 2007. The housing market is making a noticeable recovery, with home prices, sales, and construction rates rising significantly in 2012. The Obama administration’s handling of the economy has not been flawless. Nonetheless, their accomplishments have been impressive given the unprecedented Congressional Republican obstructionism of the past four years.

October 22, 2012

An Economy on the Rebound

When President Barack Obama took the oath of office on January 20, 2009, the U.S. economy was in free fall. During the preceding year and half, some of the nation’s largest and most important financial institutions went bankrupt, including Bear Stearns, Countrywide, and Lehman Brothers, as risky loans and other investments failed. Many other large banks were on the verge of collapse. The downfall of the financial sector had been preceded by a spectacular end to a massive speculative housing bubble that almost instantly wiped out trillions of dollars of Americans’ net worth. When Lehman Brothers and AIG went into bankruptcy during the same weekend in September 2008, panic ensued all across the economy. It felt like 1929 all over again. The Troubled Asset Relief Program (TARP), which was signed into law by President George W. Bush and was implemented by President Obama, stopped the bleeding in the financial sector, but the damage to the broader economy had already been done as other sectors of the economy continued to rapidly deteriorate. The stock markets plummeted, losing more than half of their peak market capitalization just six weeks after Obama took office. Many retirees and workers nearing retirement saw their investment portfolio lose much of its value. Millions of people lost their jobs due to no fault of their own after the U.S. entered a recession in December 2007. Over 1.2 million Americans were laid off between the election and Obama’s inauguration. All told, the Bureau of Labor Statistics estimates that 8.7 million jobs were lost due to the Great Recession. No president since Franklin D. Roosevelt has begun their tenure in the White House under such dire circumstances. An evaluation of each segment of the economy around the time Obama took office compared to now shows that we are definitely better off four years later.

October 10, 2012

The Case Against Mitt Romney

Mitt Romney’s nomination as the 2012 Republican candidate for President is an important and historical moment for me and many other members of the Church of Jesus Christ of Latter-day Saints across the U.S. and the world. A thick glass ceiling was shattered when Romney, a prominent member of my faith, overcame anti-Mormon bigotry prevalent in parts of the Republican primary electorate to clinch the GOP nomination. During the past twelve years we have been witnesses to a triumph over a wide array of social prejudices in American politics with the nomination of Senator Joseph Lieberman, who is Jewish, as the Democratic Party’s vice presidential candidate in 2000, Hillary Rodham Clinton’s historic run as the first serious female contender for the White House in 2008, and Barack Obama’s election as the county’s first African-American president. We may very well have a Mormon as our President starting next January. While I admire Romney’s dedicated unpaid service in my church as a bishop and stake president, believe that he is a good family man who also cares deeply about our country, and am thrilled by Romney’s ascension to the GOP nomination in this Mormon moment, I am confident that he is the wrong person for the job of President of the United States.

September 30, 2012

Does Romney Believe Laziness Causing High Unemployment?

Remarks that Mitt Romney made to wealthy donors back in May 2012, have put Romney in an awkward position. Romney denigrated nearly half of the population of the U.S. and erroneously claimed that Obama supporters were all dependent on government assistance. After receiving a question about how Romney would be able to win the election, Romney remarked:

July 31, 2012

The Problem with Citizens United

Does Spending in Elections Influence Outcomes?

You'll be hard-pressed to find anyone who believes that money isn't absolutely crucial to running an effective campaign for political office. It costs money to rent campaign offices, travel, run phone banks, rent speaking venues, print leaflets, film commercials and purchase television ad time, and otherwise publicize a candidate's message or attack his or her opponent. Additionally, spending by outside groups, most commonly in the form of super political action committees (or super PACs) have had a significant effect in elections. There is an abundance of reporting documenting the influence of these super PACs in our recent elections, most notably in the 2012 Republican Presidential Primary. Examples can be found here, here, here, and here.

July 28, 2012

Church Leader Speaks of Reason

I came across the following great quote on reason by Elder James E. Talmage from the January 1920 Improvement Era magazine. I think this statement is needed now more than ever in an era of unprecedented partisanship.
The man who cannot listen to an argument which opposes his views either has a weak position or is a weak defender of it. No opinion that cannot stand discussion or criticism is worth holding. And it has been wisely said that the man who knows only half of any question is worse off than the man who knows nothing of it. He is not only one-sided but his partisanship soon turns him into an intolerant and a fanatic. In general it is true that nothing which cannot stand up under discussion or criticism is worth defending.

June 15, 2012

How I Benefited from the Obama Housing Policy

I am someone who has personally benefited from some of President Obama's economic policies. In addition to getting the temporary payroll (Social Security) tax break, I am now refinancing my underwater home through President Obama's Home Affordable Refinance Program (HARP). My home is now worth about $25K less than I owe due to the collapse of the housing bubble, and in three years I would be facing a significantly increased interest rate from the already high rate I have now if I were not able to refinance. I acquired my home in 2005 with a 10-year fixed rate, which would change to an adjustable rate mortgage at the 10-year maturity, because I did not plan on living there for over 10 years. But the housing crash put me in a difficult situation, as it has done for millions of Americans, and made refinancing pretty much impossible. Of course, selling the home at such a huge loss was not a viable option for me either. As I researched my refinance options, I found that no lender would have granted me a refinance loan for my underwater property on their own volition, even though I have never made a late payment. It's only through HARP that I am now able to refinance and take advantage of some of the lowest interest rates in about half a century, and it didn't cost the American taxpayers a nickel for me to do so. So thank you Mr. Obama, for helping me and millions of other Americans keep our homes with even lower monthly payments.

June 11, 2012

Thoughts on Gay Marriage

President Obama's recent announcement of his support for gay marriage sparked a firestorm of debate across the country. For Mormon Democrats such as myself, it has put us at odds with Obama on an important social issue.

June 9, 2012

Teaming Up with Other Mormon Democrats

I have recently teamed up with a few other Mormon Democrats to write about issues we care about on one website, MormonDems.com. The other writers include a soon-to-be professor at Brigham Young University and a business executive. The content on the site so far has been great and I highly recommend checking it out. I will continue to post on Latter-Day Common Sense, but the same articles will appear on MormonDems.com.

June 5, 2012

Affordable Care Act Focuses on Workers, Removes Perverse Incentives

President Obama’s Affordable Care Act (ACA) was not directed at the poorest Americans, who already have Medicaid, but at the working poor. This includes those who work full-time, but cannot afford their own health insurance policy. In addition, low-wage jobs are far less likely to provide health insurance benefits. Thus, typical low-wage earners are left on their own to purchase prohibitively expensive private health care plans. In 2010, the average cost for a private family insurance plan was $7,102. In many locales throughout the U.S., it is mathematically impossible for a low-wage breadwinner to pay for a $7K private insurance plan while paying for all other essential family expenses. What’s worse, before ACA, if one became seriously ill and required extensive treatment and thus could not work for a long period, they would often lose their job, and with it, their health insurance. Some conservatives counter-argue that only those who work hard deserve health insurance and good health care. But this argument is a non-sequitur. Health insurance is generally unaffordable for the working poor and even parts of the working middle class, who as I pointed out in one of my last posts, work more hours on average than the wealthy.

June 3, 2012

Universal Health Care Benefits Everyone, Eliminates Free Riders

Positive rights should not just be viewed through the lens of entitlement. Positive rights are similar to public goods in that they provide positive benefits to society as a whole (in economics, this phenomenon is called a positive externality). This is especially true with health care. If everyone has access to good health care, the chance of serious epidemic outbreaks declines. More people are thus eligible to work. American productivity increases because workers require fewer sick days. Healthier people spend more money on other things aside from health care, stimulating the economy. (For good explanations on health care as a public good, click here and here.)