Northwest Rhode Island
Tea Party
  Home Contact Us

Sign up to receive updates from the North Western RI Tea Party

Open to the Public - The Northwest RI Tea Party usually meets monthly in or near the Village of North Scituate, in the early evening for approximately one and one half hour. We represent Burrillville, Foster, Glocester, Scituate, Smithfield, and N. Smithfield

Typically there are 1-3 speakers drawn from RI Gen'l Assembly, Tea Party, local business, etc. as well as video and audio presentations. Bring a friend. For more details about each month's agenda subscribe here.

“...no man may initiate the use of physical force against others. No man—or group or society or government—has the right to assume the role of a criminal and initiate the use of physical compulsion against any man. Men have the right to use physical force only in retaliation and only against those who initiate its use. The ethical principle involved is simple and clear-cut: it is the difference between murder and self-defense. A holdup man seeks to gain a value, wealth, by killing his victim; the victim does not grow richer by killing a holdup man. The principle is: no man may obtain any values from others by resorting to physical force.” Ayn Rand
State Legislative Officials From The NWTP Area

Sen 23 Paul Fogarty
Rep 48 Brian Newberry
Rep 47 Cale Keable

Sen 21 Nicholas Kettle
Rep 40 Michael Chippendale

Sen 21 Nicholas Kettle
Rep 41 Michael Marcello

Sen 23 Paul Fogarty
Rep 40 Michael Chippendale Rep 47 Cale Keable

Sen 22: Stephen Archambault
Rep 44: Gregory Constantino
Rep 53 Thomas Winfield

N. Smithfield
Sen 17 Edward O'Neill
Sen 23 Paul Fogarty
Sen 24 Marc Cote
Rep 48 Brian Newberry

  (top of page)  
  Next Meeting:

June 17, 2014
615pm - 745pm
North Scituate Library
(more info)

  Ayn Rand’s “Atlas Shrugged” Named One of 88 “Books That Shaped America”    
  Fifty-Five Years after Publication, Rand’s Novel Recognized by Library of Congress
Press Release from the Ayn Rand Institute
  Don't attribute success to "somebody"    
  President ignores individuals who built America and principles upon which they built it.
Article from the Orange County Register
  Obama And Romney Are Wrong: Outsourcing Is America At Its Best    
  Article from Forbes    
  Two New Articles    
  One-Robin Hoods Don't Smash Shop Windows
Two-Immoral Beyond Redemption
  What are Rights?    
  You Can't Defend Your Rights Unless You Know What Rights Are    
  Unemployment Statistics    
  A picture (or spreadsheet graph) is worth a thousand words. An example of how to use government statistics to disprove government statistics. (Courtesy of our NW Tea Party resident statistician with a black belt in spreadsheet weaponry a.k.a. LeoRI)    
  Bad Words    
  Some words we use that hurt individual rights.    
  America Before The Entitlement State    
  "If Americans could thrive without an entitlement state a century ago, how much easier would it be today, when Americans are so rich that 95 percent of our “poor” own color TVs?"
Article From Forbes
  Activism From Your Couch    
  How to protect individual rights without leaving the comfort of your own home.    
  Recommended Reading    
  (top of page)    


  Article: Unshackle The Job Creators  

From Investor's Business Daily - Viewpoint by John Allison, former CEO of BB&T

John A. Allison, IV served as the Chief Executive Officer of BB&T Corp., the holding company of BB&T Insurance Services Inc. from July 1989 to December 2008. Mr. Allison served as the Chief Executive Officer of Branch Banking and Trust Company, Wilson, N.C, a subsidiary of BB&T Corp. until December 2008. He began his service with BB&T in 1971 and served as its President since 1987. He served as the Chief Executive Officer of BB &T Financial Corporation. Mr. Allison served as the Chairman of BB&T Corp., from July 1989 to January 2010.

Unshackle The Job Creators


As the jobless rate threatens to invade double-digit territory, people are understandably demanding answers to urgent questions: What's the cure? What will it take to generate more jobs for Americans?

As a longtime banking CEO, I know first-hand and with certainty how jobs are created — and it's not by government bureaucrats waving magic wands. Jobs are created by private businesses, from the large multinational corporation down to the sole proprietor who mows grass and spreads mulch.

Jobs are created so businesses can develop new products and services — and improve existing ones — and expand into new markets — and increase the quantities produced, and the efficiency of that production.

In today's economy, entrepreneurs and business leaders are eager to ramp up production, launch new products, open new branches and create new jobs. But what's standing in the way of translating that eagerness into paychecks? Government policies that undermine the rule of law, create destructive boom-and-bust cycles, and generate massive deficits.

Under the rule of law, the legal system specifically defines unlawful behavior and gives fair warning of the punishment for wrongdoing. Instead, we suffer under the rule of regulators.

Every year, Congress and state legislatures concoct new schemes to clamp down on business freedom. Using real wrongdoers as a pretext, they declare the entire business world guilty without a trial and pass a sentence of perpetual supervision by an army of bureaucrats who halt progress until they get around to doling out licenses, permits, inspections and new rules.

The result is that businessmen live in perpetual fear of government reprisals.

In this connection, remember that jobs created by businesses in a free market are productive — they help create profits, and if the profits stop, the jobs disappear.

By contrast, government programs that fasten controls on business destroy jobs. We would never tolerate a government bureau that hires a thousand thugs to go around breaking people's arms. But we tolerate monstrosities like Sarbanes Oxley, which operates the same way in principle — crippling innocent businesses with onerous accounting controls on the pretext of catching the next Enron or WorldCom in the act.

Of course, we need government to punish crimes and frauds, and to remedy breaches of contract and negligence. But "innocent until proven guilty" is an American ideal that should not be restricted to criminals. Because jobs are investments, the more needless costs are imposed by government on businesses, the fewer investments those businesses can make, in jobs.

What was it that our Founding Fathers said about King George III in the Declaration of Independence? "He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance."

Job creation also suffers because of economic uncertainty. We have a Federal Reserve that prints money according to its own intuitions, causing prices to fluctuate unpredictably, so that a profit-seeking business can't project the costs of its raw materials five days into the future, much less five years. The result? An unfortunate reluctance to launch new projects, based on inability to project future profits.

Of course, the future is always uncertain even in a free market. But when government allows the economy to operate without interference, an underlying predictability emerges from the fact that malinvestment is quickly identified, prices readjusted, and labor and capital shifted, so that the market bottoms out and growth begins anew.

Look at what happened with the subprime loan debacle. First, government generated an artificial housing boom with tax breaks for home ownership, bureaucratic requirements to fund unqualified buyers, a ready market for bad loans provided by Fannie Mae and Freddie Mac, and virtually free money for speculation furnished by the Fed.

But once the boom gave way to an inevitable bust, the government blamed it on too much capitalism and too little regulation. So instead of allowing the government-created mess to bottom out, our political leaders employed classic methods to distort the market — bailouts, price props and foreclosure interference, to name a few.

Meanwhile, all sorts of jobs held by developers, mortgage brokers, construction workers and real estate attorneys dried up, leaving the people who held those jobs lagging behind in the skills needed to compete in other sectors.

Today, unfortunately, jobs are not being created fast enough to return to a sound economic environment because an out-of-control government is strangling the freedom businessmen need to carry out the kinds of plans that create jobs.

Let's free up business, and watch how far they can take us, and how fast.

Allison is former chairman and CEO of BB&T Corp. and a leader of Job Creators Alliance, a group of current and retired CEOs and entrepreneurs who have come together to preserve the free enterprise system for succeeding generations.

(top of page)
< Home>      <Humor>       <Articles>      <Books>      <Bad Words>    <Facts>