I conjecture that Obama, and Obama’s science czar, is enabled by people like Larry Summers, who can find no end of rationalizations along the lines that Reverend Wright and John Holdren are moderate reformers who want reasonable and moderate changes in our lifestyles, not withstanding the fact that these guys are screaming their heads off that they are fanatics who want to totally smash our way of life. Coalition building is a lot easier if you maintain total delusion about your allies.
Speaking power to truth
If an economist wants to get places, he had best tell politicians and bureaucrats what they want to hear. The danger is that if says it often enough, he will himself come to believe it. Larry Summers is an economist. When Bush was in power, he believed in Bushonomics, which got him into trouble in an academic environment of rigid, mindless, and unthinking left wing orthodoxy. Now, however, it seems …
The “stimulus†is far too large and far too small.
Republicans are getting traction by condemning the “stimulusâ€, as an outlandishly extravagant porkfest, as miserly and inadequate, and as a disaster that should not be repeated – an attack made all the more effective by the many radical Democrats who complain the porkfest was inadequate, and call for a bigger and better porkfest: “Stimulus II†Obama’s approval ratings, though still high, are plummeting fast under this withering criticism. In Japan, …
Constitutionality of the removal of the Presidente of Honduras
Because the president of Honduras proposed to change the constitution to allow him further terms of office, he was accused of violating article 239 of the Honduran Constitution: No citizen who has already served as head of the Executive Branch can be President or Vice-President. Whoever violates this law or proposes its reform, as well as those that support such violation directly or indirectly, will immediately cease in their functions …
What is wrong with the Bush/Obama economic stimulus
the Keynesian description of the crisis only addressed a small and unimportant part of the truth, thus stimulus could only have a small and unimportant benefit. The economy is not “starting to get better alreadyâ€, rather it is only beginning to go bad.
Rising natural rate of unemployment
Rapidly rising unemployment without falling inflation indicates that this rising unemployment is directly caused by the “stimulus†and is likely to be permanent. Moving to a European style political and economic order means moving, permanently, to European levels of unemployment.
Faking global warming
I have often mentioned before that the those impressive graphs of rising surface temperatures are faked, as if everyone knew, and everyone agreed, inadvertently imitating the mock consensus style of the warmists, without giving a citation. Here is the article that exposed the fakery for the US weather stations The method is simple: The raw and adjusted data is available from the United States Historical Climatology Network Monthly Temperature and …
Creating the next crisis 2
Thanks to the generosity of kindly uncle Sam:
Bad credit?
No credit?
No problem! Buy the house of your dreams with no money down!
The universal government white paper:
In short, the white paper tells us: Politicians are of course entirely lily white and innocent, except that the other party allowed bad people in the private sector to do bad things. Some regulatory agencies failed to do enough. Solving the problem requires more power to the government. Those regulatory agencies that failed the worst, will get the largest increase in money and power.
Inflation looms
The bond market does not tell us what the smart money people think inflation will be. It tells us what those among the smart money people who do not expect very high levels of inflation think inflation will be.
In addition to an on budget deficit of ten percent or so, there is also a much larger off budget deficit, in the form of an ever growing pile of government guarantees, which there is no will to restrain. Put the two deficits together, crisis looms.
Trees do not grow to the sky. That which cannot continue, must stop