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Sunday, October 30, 2011
We're All Reaganites Now - WSJ.com
We're All Reaganites Now - WSJ.com: "Speaking to students at the University of Colorado's Denver campus, Mr. Obama claimed that "the reason I've been hitting the road so much is because the folks I'm talking to in cities and small towns and communities all across America, they're -- let's face it, they're making a little more sense than the folks back in Washington." It's unclear how many of the youngsters in the audience grasped the absurdity of this statement, coming from an incumbent president who has pursued the most aggressive agenda in half a century to shift power to the "folks back in Washington" and away from the folks in other cities and towns. Adding to the farcical nature of the event, Mr. Obama was there to announce yet another expansion of a federal program -- an increase in taxpayer subsidies of student loans."
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Max Boot: Obama's Tragic Iraq Withdrawal - WSJ.com
Max Boot: Obama's Tragic Iraq Withdrawal - WSJ.com: "So why was it possible for the Bush administration to reach a deal with the Iraqis but not for the Obama administration?
Quite simply it was a matter of will: President Bush really wanted to get a deal done, whereas Mr. Obama did not. Mr. Bush spoke weekly with Mr. Maliki by video teleconference. Mr. Obama had not spoken with Mr. Maliki for months before calling him in late October to announce the end of negotiations. Mr. Obama and his senior aides did not even bother to meet with Iraqi officials at the United Nations General Assembly in September."
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Quite simply it was a matter of will: President Bush really wanted to get a deal done, whereas Mr. Obama did not. Mr. Bush spoke weekly with Mr. Maliki by video teleconference. Mr. Obama had not spoken with Mr. Maliki for months before calling him in late October to announce the end of negotiations. Mr. Obama and his senior aides did not even bother to meet with Iraqi officials at the United Nations General Assembly in September."
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Review & Outlook: California's New Green Tax - WSJ.com
Review & Outlook: California's New Green Tax - WSJ.com: "The tragedy is that this economic harm is being inflicted for nothing but environmental symbolism. A single state's policies can't possibly alter the planet's temperature given the huge carbon footprint elsewhere, as even the CARB has acknowledged.
Notwithstanding their bouts of carbon imperialism (see below), even some Europeans are having cap-and-trade second thoughts. "There is a trade-off between climate-change policies and competitiveness," concludes a recent EU commission report. "Europe cannot act alone in an effort to achieve global decarbonization."
But evidently high-minded California—with 2.1 million people already out of work and with the nation's second highest jobless rate at 11.9%—will. The job cost will be paid not in the tony salons of Hollywood but in the working class neighborhoods of Torrance and Fresno."
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Notwithstanding their bouts of carbon imperialism (see below), even some Europeans are having cap-and-trade second thoughts. "There is a trade-off between climate-change policies and competitiveness," concludes a recent EU commission report. "Europe cannot act alone in an effort to achieve global decarbonization."
But evidently high-minded California—with 2.1 million people already out of work and with the nation's second highest jobless rate at 11.9%—will. The job cost will be paid not in the tony salons of Hollywood but in the working class neighborhoods of Torrance and Fresno."
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Crovitz: Steve Jobs's Advice for Obama - WSJ.com
Crovitz: Steve Jobs's Advice for Obama - WSJ.com: "The president is very smart, but he kept explaining to us reasons why things can't get done," Jobs said. "It infuriates me.""
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Jim McNerney: What Business Wants from Washington - WSJ.com
Jim McNerney: What Business Wants from Washington - WSJ.com: "No one wants to discard truly meaningful public-safety or environmental regulations. But what we face is a jobs crisis, and regulators charged with protecting the interests of the people are making worse the problem that's hurting them most. Regulatory relief in the energy sector alone could create up to two million new jobs, and we won't have to borrow a penny to pay for it.
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In the view of business, America retains tremendous strengths. But absent a clear change in course, no one should be surprised if some companies ultimately invest abroad, creating jobs beyond our borders that could have been based here. "
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Getty Images
In the view of business, America retains tremendous strengths. But absent a clear change in course, no one should be surprised if some companies ultimately invest abroad, creating jobs beyond our borders that could have been based here. "
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Edward P. Lazear: The Euro Crisis—Doubting the 'Domino' Effect - WSJ.com
Edward P. Lazear: The Euro Crisis—Doubting the 'Domino' Effect - WSJ.com: "The cases of Estonia and Turkey attest to the effectiveness of structural change. After a significant economic contraction in 2001, Turkey embarked on a new path of rapid fiscal consolidation. By the end of 2002, growth was 6% and by 2004, 9%. Rather than slowing the economy further, government tightening was associated with strong and almost immediate growth. More recently, Estonia, which experienced almost a 20% contraction by the end of 2009, instituted fiscal reforms. Among them was a 10% reduction in government operating expenses and a flattening of the pension growth trajectory. In 2010, the year following the reforms, growth had already turned positive, to around 3%, and it is forecast to be above 6% for 2011.
These two examples, and that of our own financial crisis, suggest that fundamental problems need to be addressed early and forcefully"
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These two examples, and that of our own financial crisis, suggest that fundamental problems need to be addressed early and forcefully"
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Edward P. Lazear: The Euro Crisis—Doubting the 'Domino' Effect - WSJ.com
Edward P. Lazear: The Euro Crisis—Doubting the 'Domino' Effect - WSJ.com: "After Lehman, Europeans seem to be so taken with worries of contagion that they are failing to emphasize remedies that actually have a chance of making things better. In their case, and in ours, the solution is primarily a reduction in the bloated size of government expenditures that come about by making promises that cannot be kept."
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Friday, October 28, 2011
Wednesday, October 26, 2011
God Bless You, Cardinal
The Corner - National Review Online: "In the full text, provocatively entitled “Eppur’ si muove” (after the apocryphal saying attributed to Galileo), Pell exhaustively details the scientific evidence that the consensus can’t quite account for and underscores what he calls “the climate movement’s totalitarian approach to opposing views, their demonising of successful opponents, and their opposition to the publication of opposing views, even in scientific journals.” He also notes that the economic costs associated with various climate proposals are likely to weigh heavily on the world’s most vulnerable people. “Are there any long-term benefits from the schemes to combat global warming, apart from extra tax revenues for governments and income for those devising and implementing the schemes?”"
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Yeah, I Want THIS Government to Have My Medical Health Record
Government Site Exposes Financial Info of Thousands of College Students « CBS Washington: "The personal financial details of as many as 5,000 college students were temporarily laid bare for other students to view on the Education Department’s direct loan website earlier this month, an education official testified Tuesday."
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Monday, October 24, 2011
Review & Outlook: The Post-Global Warming World - WSJ.com
Review & Outlook: The Post-Global Warming World - WSJ.com: "And so it goes with every technology that claims to promise greenhouse-gas salvation. Wind power may emit zero carbon, but windmills need up to 90% of their capacity backed up to prevent blackouts—usually with coal and gas plants. Windmills also kill a lot of birds. As for solar power, a new study from the University of Tennessee and Occupational Knowledge International finds that manufacturing the necessary lead batteries threatens to release more than 2.4 million tons of lead pollution by 2022, or one-third of today's total global lead production.
The science on climate change and man's influence on it is far from settled. The question today is whether it makes sense to combat a potential climate threat by imposing economically destructive regulations and sinking billions into failure-prone technologies that have their own environmental costs. The earnest people going to Durban next month may think so. The rest of the world is wearier and wiser."
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The science on climate change and man's influence on it is far from settled. The question today is whether it makes sense to combat a potential climate threat by imposing economically destructive regulations and sinking billions into failure-prone technologies that have their own environmental costs. The earnest people going to Durban next month may think so. The rest of the world is wearier and wiser."
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Saturday, October 22, 2011
The GOP Wins by Bruising - WSJ.com
The GOP Wins by Bruising - WSJ.com: "They are not funneling their energy into the democratic process because there is no market for what they are selling: Capitalism should be overturned, I am angry that my college loan bills are so big, the government is bad, and the answer is more government. You can't win elections in America with that kind of message. So they will stay in the streets, where they can have an impact by stopping traffic, inconveniencing people going to and coming from work, and appearing to be an amorphous force that must be bowed to.
The difference between the occupiers and the tea party is the difference between acting out and taking part.
Where is Mr. Obama in all this? He has made sympathetic sounds about Occupy Wall Street, probably seeing it as ultimately part of his base. Beyond that, he's out campaigning. Sometimes he is snarky about Congress: He's giving them "another chance" at voting on his jobs bill. Sometimes he is self-justifying. He told ABC's Jake Tapper that "all the choices we've made have been the right ones." Sometimes he lectures America. But he doesn't buck it up, and he must know in his heart that it's coming for the keys."
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The difference between the occupiers and the tea party is the difference between acting out and taking part.
Where is Mr. Obama in all this? He has made sympathetic sounds about Occupy Wall Street, probably seeing it as ultimately part of his base. Beyond that, he's out campaigning. Sometimes he is snarky about Congress: He's giving them "another chance" at voting on his jobs bill. Sometimes he is self-justifying. He told ABC's Jake Tapper that "all the choices we've made have been the right ones." Sometimes he lectures America. But he doesn't buck it up, and he must know in his heart that it's coming for the keys."
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The GOP Wins by Bruising - WSJ.com
The GOP Wins by Bruising - WSJ.com: "They are not funneling their energy into the democratic process because there is no market for what they are selling: Capitalism should be overturned, I am angry that my college loan bills are so big, the government is bad, and the answer is more government. You can't win elections in America with that kind of message. So they will stay in the streets, where they can have an impact by stopping traffic, inconveniencing people going to and coming from work, and appearing to be an amorphous force that must be bowed to.
The difference between the occupiers and the tea party is the difference between acting out and taking part.
Where is Mr. Obama in all this? He has made sympathetic sounds about Occupy Wall Street, probably seeing it as ultimately part of his base. Beyond that, he's out campaigning. Sometimes he is snarky about Congress: He's giving them "another chance" at voting on his jobs bill. Sometimes he is self-justifying. He told ABC's Jake Tapper that "all the choices we've made have been the right ones." Sometimes he lectures America. But he doesn't buck it up, and he must know in his heart that it's coming for the keys."
'via Blog this'
The difference between the occupiers and the tea party is the difference between acting out and taking part.
Where is Mr. Obama in all this? He has made sympathetic sounds about Occupy Wall Street, probably seeing it as ultimately part of his base. Beyond that, he's out campaigning. Sometimes he is snarky about Congress: He's giving them "another chance" at voting on his jobs bill. Sometimes he is self-justifying. He told ABC's Jake Tapper that "all the choices we've made have been the right ones." Sometimes he lectures America. But he doesn't buck it up, and he must know in his heart that it's coming for the keys."
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Joe Biden’s Teachable Moments - Latest Headlines - Investors.com
Joe Biden’s Teachable Moments - Latest Headlines - Investors.com: "So instead Washington, D.C., is going to "give you some money" to hire these teachers back. So, unlike York, Pa., presumably Washington, D.C., has "money for them"?
No, not technically. Washington, D.C., is also broke - way broker than York City School District. In fact, the government of the United States is broker than any entity has ever been in the history of the planet. Officially, Washington has to return 15,000,000,000,000 dollars just to get back to having nothing at all. And that 15,000,000,000,000 dollars is a very lowball figure that conveniently ignores another $100 trillion in unfunded liabilities that the government, unlike private businesses, is able to keep off the books.
So how come the Brokest Jurisdiction in History is able to "give you some money" to hire back those teachers that had to be laid off?
No problem, says the vice president. We're going to "ask" people who have "a lot of money" to "pay just a little bit more" in taxes. Where are these people? Evidently, not in York, Pa. But they're out there somewhere."
...to balance the budget of the United States on the backs of millionaires you would have to increase the taxes of those earning more than one million a year by six million a year.
Not only is there "no money in the city" of York, Pa., and no money in Washington, D.C., there's no money anywhere else in America — not for spending on the Obama/Biden scale. Come to that, there's no money anywhere on the planet: Last year, John Kitchen of the U.S. Treasury and Menzie Chinn of the University of Wisconsin published a study called "Financing U.S. Debt: Is There Enough Money In The World — And At What Cost?"
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No, not technically. Washington, D.C., is also broke - way broker than York City School District. In fact, the government of the United States is broker than any entity has ever been in the history of the planet. Officially, Washington has to return 15,000,000,000,000 dollars just to get back to having nothing at all. And that 15,000,000,000,000 dollars is a very lowball figure that conveniently ignores another $100 trillion in unfunded liabilities that the government, unlike private businesses, is able to keep off the books.
So how come the Brokest Jurisdiction in History is able to "give you some money" to hire back those teachers that had to be laid off?
No problem, says the vice president. We're going to "ask" people who have "a lot of money" to "pay just a little bit more" in taxes. Where are these people? Evidently, not in York, Pa. But they're out there somewhere."
...to balance the budget of the United States on the backs of millionaires you would have to increase the taxes of those earning more than one million a year by six million a year.
Not only is there "no money in the city" of York, Pa., and no money in Washington, D.C., there's no money anywhere else in America — not for spending on the Obama/Biden scale. Come to that, there's no money anywhere on the planet: Last year, John Kitchen of the U.S. Treasury and Menzie Chinn of the University of Wisconsin published a study called "Financing U.S. Debt: Is There Enough Money In The World — And At What Cost?"
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Dems Get It Exactly Wrong On Jobs - Latest Headlines - Investors.com
Dems Get It Exactly Wrong On Jobs - Latest Headlines - Investors.com: "Overall, the private sector has lost 16 jobs for every job lost in government since 2007. Even if you correct for the relative difference in the size of the two job markets (see chart above), the private sector has still lost three times more jobs than the public sector.
Is this surprising? It shouldn't be. The federal government's $840 billion stimulus effort was almost entirely aimed at bolstering government, and bailing out industries and unions that support Democrats.
Reid's remarks reflect his party's dishonest complaints about "austerity" and "draconian cuts" in federal spending. As new data show, federal spending jumped 5% in 2011. Some austerity.
This why the typical household in the Washington metro area — where government is the No. 1 employer — earned $84,523 last year, or 69% higher than the national median of $50,046. Federal employees took home $126,000 — two and a half times the U.S. median.
"
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Is this surprising? It shouldn't be. The federal government's $840 billion stimulus effort was almost entirely aimed at bolstering government, and bailing out industries and unions that support Democrats.
Reid's remarks reflect his party's dishonest complaints about "austerity" and "draconian cuts" in federal spending. As new data show, federal spending jumped 5% in 2011. Some austerity.
This why the typical household in the Washington metro area — where government is the No. 1 employer — earned $84,523 last year, or 69% higher than the national median of $50,046. Federal employees took home $126,000 — two and a half times the U.S. median.
"
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Friday, October 21, 2011
Cybercommand chief opposes U.N. net control - Washington Times
Cybercommand chief opposes U.N. net control - Washington Times: "The commander of the U.S. Cyber Command said Thursday that he does not favor giving the United Nations the power to regulate the Internet.
Some regulations are needed to protect critical networks that control electrical power, banking, transportation and other key elements of society, Army Gen. Keith Alexander, who is also director of the National Security Agency, said after a speech to a security conference.
But asked whether the U.N. should have a regulation role, Gen. Alexander said: “No. I’m not for regulating, per se. I’m concerned about it, and this is a tough question. I would say, generally speaking, I’m not into that portion of regulating as you would espouse.”"
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Speaking sense. He'll probably be fired.
Some regulations are needed to protect critical networks that control electrical power, banking, transportation and other key elements of society, Army Gen. Keith Alexander, who is also director of the National Security Agency, said after a speech to a security conference.
But asked whether the U.N. should have a regulation role, Gen. Alexander said: “No. I’m not for regulating, per se. I’m concerned about it, and this is a tough question. I would say, generally speaking, I’m not into that portion of regulating as you would espouse.”"
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Speaking sense. He'll probably be fired.
Thursday, October 20, 2011
EPA Mythological MPG for Electric Vehicles
Update: Fisker Karma Electric Car Gets Worse Mileage Than an SUV - Forbes: " In the case of the Fisker Karma, we get a true MPGe of 19. This makes it worse than even the city rating of a Ford Explorer SUV."
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4.6 Earthquake Hits South Texas « CBS Dallas / Fort Worth
4.6 Earthquake Hits South Texas « CBS Dallas / Fort Worth: "No injuries or major damage was reported, and the light quake wasn’t even noticed by some residents living close to the epicenter, near Karnes City. Yet small vibrations felt in San Antonio did cause occupants to briefly evacuate a downtown federal building as a precaution."
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I hope the feds took the rest of the day/week/month off to recover!
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I hope the feds took the rest of the day/week/month off to recover!
Wednesday, October 19, 2011
More Payoffs To Labor Peddled As A Jobs Bill
Rove: Obama's Political Stimulus Plan - WSJ.com: "Mr. Obama also continues insisting on $35 billion to "put teachers back in the classroom" and "make certain we're not laying off police officers and firefighters." But his own National Center for Educational Statistics forecasts that the number of teachers will rise anyway—from 3.66 million this fall to 3.7 million in the fall of 2012, and to 3.75 million in the fall of 2013.
While some communities may face police and fire layoffs, there is no evidence of a massive wave of firings of first responders. Could this $35 billion be a payoff to state and local public-employee unions?"
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While some communities may face police and fire layoffs, there is no evidence of a massive wave of firings of first responders. Could this $35 billion be a payoff to state and local public-employee unions?"
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Beltway Earnings Make U.S. Capital Richer Than Silicon Valley - Bloomberg
Beltway Earnings Make U.S. Capital Richer Than Silicon Valley - Bloomberg: "Federal employees whose compensation averages more than $126,000 and the nation’s greatest concentration of lawyers helped Washington edge out San Jose as the wealthiest U.S. metropolitan area, government data show."
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This one speaks for itself
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This one speaks for itself
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