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Moron Mondays

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You can bet that if pro-business policies are working in a state then somewhere liberals are seething. That place is Raleigh, North Carolina. Today will be the 12th Monday where liberal protestors descend upon the Capitol building to protest. “Thom Goolsby, an outspoken GOP state senator, has jokingly dismissed the protests in Raleigh as ‘Moron Mondays’ and predicted that they would fade in the weeks ahead,” writes Stephen Moore at the Wall Street Journal and continues:

This past Monday marchers were waving signs that read “Justice for Trayvon Martin,” “Stop Fracking in North Carolina,” and “Vouchers Destroy Public Schools.” In recent weeks, demonstrators were out in force demanding abortion rights. On July 2, the state Senate passed a bill requiring health regulations and certified doctors at abortion clinics, a requirement that has been denounced by pro-choice activists as an assault on women. Gov. Pat McCrory has said he would veto that bill, and the state’s House of Representatives has since passed a revised bill that will now head back to the Senate.

Mostly, however, these protests are about money. The Civitas Institute, a conservative think tank in North Carolina, recently published an analysis of the financial statements of the left-wing groups sponsoring these rallies, such as the Community Development Initiative and the Institute of Minority Economic Development. It found they have collected about $100 million in state grants, loans and contracts. No wonder they’re enraged over GOP lawmakers’ attempts to rein in spending.

One common complaint is that the state is passing up free money by rejecting Medicaid expansion. But many financially pinched states—including Georgia, Alabama, Utah and Texas—are doing so, not because they’re coldhearted but because while the feds pick up the full tab in the first several years, eventually the states will have to pay even more money into a broken system that is already sapping state budgets.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.

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