Friday, April 24, 2009

Does Henry Waxman Know the Meaning of the Word Chutzpah?

Newt Gingrich also testified on the climate change bill today. How Newt wrangled that I have no idea, but here's what he said:

WASHINGTON (AP)—Former House Speaker Newt Gingrich says a Democratic proposal to limit global warming pollution will "punish the American people" with higher energy costs and lost jobs.

Gingrich appeared before a House subcommittee writing a broad energy and climate bill aimed at cutting greenhouse gases by 80 percent by mid-century.

Gingrich, a leading Republican voice who has indicated he may seek the presidency in 2012, criticized the Democrats' cap-and-trade climate proposal. He called it "an energy tax" that will increase Americans' cost of living and kill jobs.


While I'm not much of a Newt fan, I do think he's right about raising energy costs and costing jobs. Just as an aside, why are politicians testifying on this? Do they have some expertise on this topic? Were all the real scientists busy today?

Henry Waxman's response is the best example of chutzpah I've seen in a long time:

Democratic Rep. Henry Waxman of California accused Gingrich of trying to scare people into opposing action on climate change. Waxman argued the bill is designed to contain energy cost increases.


Are you fricking kidding me?!!! Al Gore has spent his entire career trying to scare the shit out of people about global warming - and doing a damn fine job of it - but Gingrich is the one trying to scare people? The entire global warming industry is based on scaring the shit out of people who don't have the capacity to comprehend the results at the local science fair, but it's the skeptics who are guilty of scaring people? Chutzpah in the extreme.

Truth About Cap and Trade

Al Gore testified today about cap and trade. During the questioning, John Dingell (D-MI) said the following:

"Nobody in this country realizes that cap-and-trade is a tax -- and it's a great big one."


Here's the video



Notice what Gore says after Dingell is done. This is during a debate about what is better: a straight carbon tax or cap and trade. Gore advocates both! How much would a gallon of gas cost in this Gore world? How much would my electric bill be? To his credit, he does say a carbon tax should be revenue neutral, but why doesn't he say the same about cap and trade? Shouldn't that be revenue neutral as well? Or is it okay to raise taxes as long as its disguised and no one understands it? And does anyone really believe that Congress could or even has any desire to design a revenue neutral approach?

Congressional Extortion

From a WSJ editorial today about the recent EPA ruling on CO2:

Massachusetts Democrat Ed Markey put it this way at MIT recently: "Do you want the EPA to make the decision or would you like your Congressman or Senator to be in the room and drafting legislation? . . . Industries across the country will just have to gauge for themselves how lucky they feel if they kill legislation in terms of how the EPA process will include them."


The Obama administration is using the EPA as the hammer to get their cap and trade program passed through Congress. If a business doesn't want to deal with the draconian rules of the EPA, they better get on board with cap and trade. Regardless of whether cap and trade is a good idea, doesn't this amount to extortion?

I wonder what the going price is in terms of a campaign contribution for an exemption?

Thursday, April 23, 2009

Americans Dumber Than I Thought

From Rasmussen:

Only 53% of American adults believe capitalism is better than socialism.

The latest Rasmussen Reports national telephone survey found that 20% disagree and say socialism is better. Twenty-seven percent (27%) are not sure which is better.

Adults under 30 are essentially evenly divided: 37% prefer capitalism, 33% socialism, and 30% are undecided. Thirty-somethings are a bit more supportive of the free-enterprise approach with 49% for capitalism and 26% for socialism. Adults over 40 strongly favor capitalism, and just 13% of those older Americans believe socialism is better.

Investors by a 5-to-1 margin choose capitalism. As for those who do not invest, 40% say capitalism is better while 25% prefer socialism.

There is a partisan gap as well. Republicans - by an 11-to-1 margin - favor capitalism. Democrats are much more closely divided: Just 39% say capitalism is better while 30% prefer socialism. As for those not affiliated with either major political party, 48% say capitalism is best, and 21% opt for socialism.


Yeah, because, you know, socialism has worked so well everywhere its been tried. We may be finding out how well it works up close and personal.

The Circular Flow Economic Model

Keynes described the economy in terms of a circular flow of money. Maybe this is what he meant:

Top recipients of federal bailout money spent more than $10 million on political lobbying in the first three months of this year, including aggressive efforts aimed at blocking executive pay limits and tougher financial regulations, according to newly filed disclosure records.

The biggest spenders among major firms in the group included General Motors, which spent nearly $1 million a month on lobbying, and Citigroup and J.P. Morgan Chase, which together spent more than $2.5 million in their efforts to sway lawmakers and Obama administration officials on a wide range of financial issues. In all, major bailout recipients have spent more than $22 million on lobbying in the six months since the government began doling out rescue funds, Senate disclosure records show.


I’d say these companies have gotten their money’s worth. As long as investments in lobbying yield more than, you know, actually getting out and competing, companies will keep the cash flowing to DC. Now, if we could just figure out a way to capture a little of that flow for the real economy…..

Ron Paul on Secession

Here's an interview with Ron Paul about the possibility of Texas seceding from the US:





Paul doesn't come out in favor of Texas seceding but he does endorse the concept. IMHO, it is ridiculous to say that the states don't have the right to secede. Would the states have ratified a document (the Constitution) which abrogated their own sovereignty?

Obama to Hold Another Prime Time Press Conference

Geez, can somebody please tell President Obama that he's not on a reality series? He's planning another Prime time news conference next Wednesday at 8:00 PM. Better be done by the time Lost comes on dude....

Narcoleptic Larry


Is Larry Summers narcoleptic or is government just boring?

You might remember that Summers also fell asleep during Obama's Fiscal Responsibility Summit:



Maybe if Geithner and Bernanke fell asleep for a while, we could get out of this recession.

Shit Eating Grin



This photo of President Obama with Hugo Chavez should make every freedom loving person cringe. If one judges foreign policy by whether we are pissing off the right people (and I do) then you can't be happy. Or at least not as happy as Chavez looks in this picture. On the other hand, I suppose Obama's old buddy, Bill Ayers, is ecstatic.

Wednesday, April 22, 2009

Education Reform the Obama Way

Arne Duncan, the Secretary of Education, has an editorial in the WSJ today about education reform. Mr. Duncan seems to believe that it is a lack of information that is holding back education reform (via the WSJ):

When stakeholders -- from parents and business leaders to elected officials -- understand that standards vary dramatically across states and many high-school graduates are unprepared for college or work, they will demand change. In fact, dozens of states are already independently working toward higher standards in education. Union leaders have also signed on.

When parents recognize which schools are failing to educate their children, they will demand more effective options for their kids. They won't care whether they are charters, non-charters or some other model. As President Barack Obama has called for, states should eliminate restrictions that limit the growth of excellent charter schools, move forward in improving or restructuring chronically failing schools, and hold all schools accountable for results.

When educators fully understand which of their colleagues are pulling their weight through a rigorous and fair evaluation system, they will hold each other more accountable. Teachers above all want a professional learning environment that supports them and recognizes and rewards excellence.

When community leaders understand that teacher and principal quality varies dramatically as the best educators gravitate toward higher performing schools, they will push for incentives that bring our most talented educators to schools in need. That requires being open-minded to policies like differential pay.

And when we can link student outcomes to teacher quality and teachers to their colleges of education, we can challenge these institutions to do the best possible job in preparing a new generation of outstanding educators. Without the data, we cannot even have the conversation, let alone discuss solutions.


I suppose it is possible that all these people are clueless about the state of the education system but it seems unlikely. Any parent who has atteneded one of those beginning of the year open houses at the local school knows that some portion of their child's teachers are either indifferent or obviously incompetent. Any good teacher knows which other teachers are incompetent. They don't need a better evaluation system to figure it out. The problem is not that we don't know what the problems are. The problem is that the teacher's unions and the politicians they fund are not willing to relinquish their stranglehold on the public teat that is the school system.

Not once in this editorial does Arne Duncan mention vouchers. He mentions charter schools repeatedly as if it were some kind of mantra, but nary a peep about vouchers. They've worked everywhere they've been tried, but we won't have any of that. They're being used in countries like Norway and Denmark and other countries that are much more socialist than the US, but no, not here. The message to the states is pretty clear; reform is only what we in Washington DC say it is. You'll do it our way or we'll cut off your funds:

Through the guidance we have published on our Web site, we explicitly told governors, state education chiefs, mayors and district superintendents that the application for competitive grants will begin by asking how noncompetitive grant funds are being spent. If they used the funding to invest in more of the same ineffective programs, they will not receive grant money.

Moreover, a significant share of the Recovery Act's State Fiscal Stabilization Fund will be used to hold states and districts accountable for meeting the reform requirements of the law. If they divert money intended for education to noneducational purposes, we may deny future funding or even seek to recover misspent funds.


Who decides what programs are "ineffective"? Anyone want to take a bet on whether using the funds for a voucher program would be considered effective? Money from DC comes with union strings attached. Any program which is not union approved need not apply.

This administration's approach to education is the same as its approach to everything else. The central planners of the Obama administration have it all worked out for us whether its the automobile business or energy or education. Just get on board with the smart liberals who know what's best for us. It didn't work in the Soviet Union but that's because they weren't as smart as the Obama administration. Or at least we better hope so.