Tag: policy
The spenders won 2011
Congress has ended the corn ethanol tax subsidy
Congress has ended the corn ethanol tax subsidy.
That the taxpayer will no longer be shelling out billions to support this industry is a good thing. However, the news isn’t all good for the free market, as the mandates forcing an increase in ethanol use remain in effect.
Congress has ended the corn ethanol tax subsidy.
That the taxpayer will no longer be shelling out billions to support this industry is a good thing. However, the news isn’t all good for the free market, as the mandates forcing an increase in ethanol use remain in effect.
Democratic Party and Obama fundraiser has been convicted of a $21 million bank fraud scheme
Chicago politics ain’t limited to Chicago: In Brooklyn today a fundraiser for Obama and the Democratic Party was convicted of a $21 million bank fraud scheme.
Chicago politics ain’t limited to Chicago: In Brooklyn today a fundraiser for Obama and the Democratic Party was convicted of a $21 million bank fraud scheme.
Six tired arguments the energy sector needs to stop using
In other energy news: Six tired arguments the energy sector needs to stop using.
I like the last best:
Social good alone does not make for a viable business, even if it makes for a darn good trading strategy. For investors, if you’ve been burned, try to remember that feeling good about green energy can still make you feel very nauseous when monitoring your portfolio.
In other energy news: Six tired arguments the energy sector needs to stop using.
I like the last best:
Social good alone does not make for a viable business, even if it makes for a darn good trading strategy. For investors, if you’ve been burned, try to remember that feeling good about green energy can still make you feel very nauseous when monitoring your portfolio.
Top 10 Worst Federal Rules of 2011
The top ten worst federal rules of 2011.
All are crippling, but this one is plain stupid:
4. The Equine Equality Rule. As of March 15 (the Ides of March, no less), hotels, restaurants, airlines, and the like became obliged to modify “policies, practices, or procedures” to accommodate miniature horses as service animals. According to the Department of Justice, which administers the rule, miniature horses are a “viable alternative” to dogs for individuals with allergies or for observant Muslims and others whose religious beliefs preclude canine accompaniment.
The top ten worst federal rules of 2011.
All are crippling, but this one is plain stupid:
4. The Equine Equality Rule. As of March 15 (the Ides of March, no less), hotels, restaurants, airlines, and the like became obliged to modify “policies, practices, or procedures” to accommodate miniature horses as service animals. According to the Department of Justice, which administers the rule, miniature horses are a “viable alternative” to dogs for individuals with allergies or for observant Muslims and others whose religious beliefs preclude canine accompaniment.
Holder laments the murders caused by the use of illegal guns
The kettle calling the pot black: Attorney General Eric Holder today lamented the murders caused by the use of illegal guns in Mexico and the southwest.
Somehow he failed to mention how it was his Department of Justice that helped smuggled those guns into Mexico. In a sane world, Holder would be on trial as an accessory to those murders.
The kettle calling the pot black: Attorney General Eric Holder today lamented the murders caused by the use of illegal guns in Mexico and the southwest.
Somehow he failed to mention how it was his Department of Justice that helped smuggled those guns into Mexico. In a sane world, Holder would be on trial as an accessory to those murders.
The Obama Nation: Even More Debt And Even More Store Closings
A nation in economic collapse.
During “the Obama Nation”, the federal government has already accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office. Of course the Bush administration was nearly as bad at piling up government debt. Between Bush and Obama (with a big helping hand from the Federal Reserve), they have done a pretty good job of wiping out the financial future of the United States. If there are future generations of Americans, they will look back and curse those that did this to them. It is absolutely immoral to steal trillions of dollars from future generations. Unfortunately, there are very, very few members of Congress that are even objecting to this madness.
The article’s listing of store closings is also quite frightening, suggesting that the economic situation of the nation is far worse than has been reported.
A nation in economic collapse.
During “the Obama Nation”, the federal government has already accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office. Of course the Bush administration was nearly as bad at piling up government debt. Between Bush and Obama (with a big helping hand from the Federal Reserve), they have done a pretty good job of wiping out the financial future of the United States. If there are future generations of Americans, they will look back and curse those that did this to them. It is absolutely immoral to steal trillions of dollars from future generations. Unfortunately, there are very, very few members of Congress that are even objecting to this madness.
The article’s listing of store closings is also quite frightening, suggesting that the economic situation of the nation is far worse than has been reported.
A family struggles to complete a Knoxville to Nashville trip using an electric car
An exercise in absurdity: A family struggles to complete the 180 mile trip from Knoxville to Nashville using an electric car.
The Blink fast-charge station was on the blink. Efforts to use the two available plugs yielded nothing for Stephen Smith when he and his family arrived in Lebanon in their electric vehicle.
But all was not lost as the Smiths closed in on their destination – a brother’s house only 22 miles away in Antioch. With ten miles of available power left on their car, they could take advantage of a slower charger next to the other at the Blink station at Cracker Barrel. It took about an hour, but the boost gave enough energy for a total of 30 miles.
They also had to pay attention to whether the route was flat or hilly, as any hills significantly reduced their range of about 75 miles. In addition, they found that even that number was unreliable, and that often the maximum range the car could travel was far less.
Even the fast-charge station still needed about 30 minutes to charge up the car. Imagine having to wait 30 minutes every time you needed to fill up, and imagine having to do it every 70 miles.
There is a reason electric cars can’t compete with gasoline, and this journey illustrates it.
An exercise in absurdity: A family struggles to complete the 180 mile trip from Knoxville to Nashville using an electric car.
The Blink fast-charge station was on the blink. Efforts to use the two available plugs yielded nothing for Stephen Smith when he and his family arrived in Lebanon in their electric vehicle.
But all was not lost as the Smiths closed in on their destination – a brother’s house only 22 miles away in Antioch. With ten miles of available power left on their car, they could take advantage of a slower charger next to the other at the Blink station at Cracker Barrel. It took about an hour, but the boost gave enough energy for a total of 30 miles.
They also had to pay attention to whether the route was flat or hilly, as any hills significantly reduced their range of about 75 miles. In addition, they found that even that number was unreliable, and that often the maximum range the car could travel was far less.
Even the fast-charge station still needed about 30 minutes to charge up the car. Imagine having to wait 30 minutes every time you needed to fill up, and imagine having to do it every 70 miles.
There is a reason electric cars can’t compete with gasoline, and this journey illustrates it.
Ron Paul as seen by a former staffer
Ron Paul as seen by a former staffer.
The statement is fair, detailed, and to me, devastating to Paul. Consider this, for example:
He is however, most certainly Anti-Israel, and Anti-Israeli in general. He wishes the Israeli state did not exist at all. He expressed this to me numerous times in our private conversations. His view is that Israel is more trouble than it is worth, specifically to the America taxpayer. He sides with the Palestinians, and supports their calls for the abolishment of the Jewish state, and the return of Israel, all of it, to the Arabs.
In other words, Paul is blind to the hate and violence coming out of the Arab world, and is willing to sacrifice a democracy to it. Worse, it appears he is blind to other kinds of hate as well.
Ron Paul is most assuredly an isolationist. . . . For example, he strenuously does not believe the United States had any business getting involved in fighting Hitler in WWII. He expressed to me countless times, that “saving the Jews,” was absolutely none of our business. When pressed, he often times brings up conspiracy theories like FDR knew about the attacks of Pearl Harbor weeks before hand, or that WWII was just “blowback,” for Woodrow Wilson’s foreign policy errors, and such.
Ron Paul as seen by a former staffer.
The statement is fair, detailed, and to me, devastating to Paul. Consider this, for example:
He is however, most certainly Anti-Israel, and Anti-Israeli in general. He wishes the Israeli state did not exist at all. He expressed this to me numerous times in our private conversations. His view is that Israel is more trouble than it is worth, specifically to the America taxpayer. He sides with the Palestinians, and supports their calls for the abolishment of the Jewish state, and the return of Israel, all of it, to the Arabs.
In other words, Paul is blind to the hate and violence coming out of the Arab world, and is willing to sacrifice a democracy to it. Worse, it appears he is blind to other kinds of hate as well.
Ron Paul is most assuredly an isolationist. . . . For example, he strenuously does not believe the United States had any business getting involved in fighting Hitler in WWII. He expressed to me countless times, that “saving the Jews,” was absolutely none of our business. When pressed, he often times brings up conspiracy theories like FDR knew about the attacks of Pearl Harbor weeks before hand, or that WWII was just “blowback,” for Woodrow Wilson’s foreign policy errors, and such.
Why the establishment fears Newt Gingrich
Why the establishment fears Newt Gingrich.
When Newt became speaker, he was focused, disciplined and tough. He insisted on moving the Contract With America intact. He abolished committees and denied “old bulls” chairmanships. He insisted on using the majority to win conservative victories such as balancing budgets, achieving welfare reform and producing 11 million new jobs with tax cuts that spurred economic growth. He made some people unhappy when he pursued legislation that could win instead of pet bills that would have divided Republicans rather than uniting them. And he negotiated with a Democratic president to get the conservative legislation being passed signed into law. Some Republicans were left unhappy in the wake of all of that activity — some of them are still complaining today.
Why the establishment fears Newt Gingrich.
When Newt became speaker, he was focused, disciplined and tough. He insisted on moving the Contract With America intact. He abolished committees and denied “old bulls” chairmanships. He insisted on using the majority to win conservative victories such as balancing budgets, achieving welfare reform and producing 11 million new jobs with tax cuts that spurred economic growth. He made some people unhappy when he pursued legislation that could win instead of pet bills that would have divided Republicans rather than uniting them. And he negotiated with a Democratic president to get the conservative legislation being passed signed into law. Some Republicans were left unhappy in the wake of all of that activity — some of them are still complaining today.
Lugar may be in jeopardy in primary from Tea Party challenger
Senator Richard Lugar (R-Indiana) looks weak against a Tea Party challenge in the Republican primary.
2010 was a trend,not a fluke.
Senator Richard Lugar (R-Indiana) looks weak against a Tea Party challenge in the Republican primary.
2010 was a trend,not a fluke.
Santa Claus Arrested Following Joint Investigation by IRS, INS, and FWS
Satire? Santa Claus arrested following a joint investigation by the IRS, INS, and FWS.
The United States Department of Immigration and the Internal Revenue Service have also had their eyes on Mr. Claus. An immigration official who also attended the raid said that they were able to obtain several dozen passports. He said, “It seems that this Santa Claus character has a different name in every country–his EU passport says, ‘Father Christmas’ and his Canadian passport says, ‘Père Noël’. We have, however, determined with certainty that Santa Claus is a United States citizen.”
Apparently Claus worked in Hollywood during the 1940s and 50s making autobiographical films, such as Miracle on 34th Street. During that time he applied for and received U.S. citizenship.
Read the whole thing. The scandal is shocking!
Update: In related news, the Occupied Wall Street movement is now targeting Santa as well.
Satire? Santa Claus arrested following a joint investigation by the IRS, INS, and FWS.
The United States Department of Immigration and the Internal Revenue Service have also had their eyes on Mr. Claus. An immigration official who also attended the raid said that they were able to obtain several dozen passports. He said, “It seems that this Santa Claus character has a different name in every country–his EU passport says, ‘Father Christmas’ and his Canadian passport says, ‘Père Noël’. We have, however, determined with certainty that Santa Claus is a United States citizen.”
Apparently Claus worked in Hollywood during the 1940s and 50s making autobiographical films, such as Miracle on 34th Street. During that time he applied for and received U.S. citizenship.
Read the whole thing. The scandal is shocking!
Update: In related news, the Occupied Wall Street movement is now targeting Santa as well.
A country in denial about its fiscal future
Why Did I Have To Go To Pravda To Get My Op-Ed About TSA Rape Published?
Doing the reporting American journalists won’t do: “Why did I have to go to Pravda to get my op-ed about TSA rape published?”
Doing the reporting American journalists won’t do: “Why did I have to go to Pravda to get my op-ed about TSA rape published?”
Bigotry on campus
The newly named “associate dean for equity and inclusion” at the College of Engineering at the University of California, Berkeley, is promising “disruptive progress” in his effort to increase minorities at the school.
The plan [pdf] includes more money for staffing and facilities for the “equity and inclusion” department, plus more money and power for student organizations. Sadly, this is money and facilities that will no longer be available for actual education or research.
» Read more
Focusing in on the theft of customer funds at MF Global
Focusing in on the theft of customer funds at MF Global.
Not surprisingly, this article from the liberal New York Times plays the game of “Name that party!”, conveniently forgetting to mention anywhere that Jon Corzine and all his associates just happen to big-time Democratic Party players. To remind them, and everyone else, here’s a little video illustrating how closely linked the Democrats and Jon Corzine are:
Focusing in on the theft of customer funds at MF Global.
Not surprisingly, this article from the liberal New York Times plays the game of “Name that party!”, conveniently forgetting to mention anywhere that Jon Corzine and all his associates just happen to big-time Democratic Party players. To remind them, and everyone else, here’s a little video illustrating how closely linked the Democrats and Jon Corzine are:
Obamacare abominations
You would think a piece of legislation more than a thousand pages long would at least be clear about the specifics. But a lot of those pages say: “The secretary will determine …” That means the secretary of health and human services will announce the rules sometime in the future. How can a business make plans in such a fog?
Repeal this abomination already before it destroys the country.
You would think a piece of legislation more than a thousand pages long would at least be clear about the specifics. But a lot of those pages say: “The secretary will determine …” That means the secretary of health and human services will announce the rules sometime in the future. How can a business make plans in such a fog?
Repeal this abomination already before it destroys the country.
Global warming is good for you!
Here are two stories that illustrate why we shouldn’t be in a panic over climate change. Though it is important to study the climate and to learn as much as we can about it, it is at this time inappropriate to impose draconian regulations on the world’s populations so that whole economies are destroyed out of fear of climate change. We just don’t know enough about the consequences of climate change. Global warming might even be beneficial!
First, from Nature this story: Global warming wilts malaria. It appears that the assumption that warmer climates would increase malaria epidemics is completely wrong. Instead, warmer temperatures act to hinder the survival of the malaria parasite in mosquitoes.
» Read more
Obamacare: 2011 in review
The disaster of Obamacare: 2011 in review.
The Daily Caller does an excellent job reviewing the key events during 2011 relating to Obamacare. In toto what this history tells me is that this law continues to be serious political problem for Democrats: the law isn’t doing what it was touted to do while doing serious harm to both the economy and the healthcare industry, the public hates it and wants it repealed, and everyone knows that it was the Democrats who forced it on us.
The disaster of Obamacare: 2011 in review.
The Daily Caller does an excellent job reviewing the key events during 2011 relating to Obamacare. In toto what this history tells me is that this law continues to be serious political problem for Democrats: the law isn’t doing what it was touted to do while doing serious harm to both the economy and the healthcare industry, the public hates it and wants it repealed, and everyone knows that it was the Democrats who forced it on us.
Government spending at its stupidest.
Government spending at its stupidest: the top ten projects.
I like #6 the best, $484,000 to help finance a pizza restaurant in Arlington, Texas, because every business should get its own free pile of cash from the government!
Government spending at its stupidest: the top ten projects.
I like #6 the best, $484,000 to help finance a pizza restaurant in Arlington, Texas, because every business should get its own free pile of cash from the government!
Russia’s GPS system, Glonass, has reached full operational capability for the first time since the fall of the Soviet Union
Russia’s GPS system, Glonass, has returned to full operational capability, lost shortly after the fall of the Soviet Union.
Russia’s GPS system, Glonass, has returned to full operational capability, lost shortly after the fall of the Soviet Union.
EPA ponders expanding its regulatory power in the name of “sustainable development”
We’re here to help you: The EPA is considering expanding its regulatory power in the name of “sustainable development.”
In related news: New EPA pollution rules will force the shutdown of dozens of coal-fired power plants.
We’re here to help you: The EPA is considering expanding its regulatory power in the name of “sustainable development.”
In related news: New EPA pollution rules will force the shutdown of dozens of coal-fired power plants.
Former astronaut John Grunsfeld is to take over NASA’s science post from Ed Weiler
Excellent choice: Former astronaut John Grunsfeld has been picked to take over NASA’s chief science post from Ed Weiler.
Not only is Grunsfeld an excellent choice, his experience as an astronaut repairing Hubble will help improve relations between the science and manned space programs. In the past, scientists have often argued against manned space, trying to get that money for their unmanned research probes. Instead, when manned space got cut, so did science, and no one won. Grunsfeld’s leadership I think will forestall these short-sighted complaints.
Excellent choice: Former astronaut John Grunsfeld has been picked to take over NASA’s chief science post from Ed Weiler.
Not only is Grunsfeld an excellent choice, his experience as an astronaut repairing Hubble will help improve relations between the science and manned space programs. In the past, scientists have often argued against manned space, trying to get that money for their unmanned research probes. Instead, when manned space got cut, so did science, and no one won. Grunsfeld’s leadership I think will forestall these short-sighted complaints.
The states have shed thousands of public employees since the beginning of the recession
State governments have eliminated thousands of public employees since the beginning of the recession.
State governments have eliminated thousands of public employees since the beginning of the recession.
The astonishing collapse of MF Global
The astonishing collapse of MF Global.
The failure of broker MF Global is a unique event in the annals of American corporate history: To my knowledge, it’s the first time a CEO singlehandedly bankrupted his firm through actions that the board of directors was not only knowledgeable of, but had indeed expressly sanctioned. “That takes some talent!” quipped Roderick Hills, a former chairman of the SEC.
The article is long, detailed, and thorough. It describes a deep corruption that should chill the spine of anyone who has money in the investment world.
I must note that I do not advocate more regulations to eliminate this corruption. Such regulations never work. Take for example this quote from the article, describing the accounting systems that are required by law to prevent a client’s funds from being misused:
As noted above, it’s a major part of the CEO’s job to put the proper systems in place. In fact, regulations implemented through Sarbanes-Oxley — a bill that Corzine co-wrote while he was a senator — require that the CEO and CFO sign off on the effectiveness of the controls over financial reporting. … If those proper “controls and procedures” were in place, a breach of segregated client funds should have set off loud, blaring, obnoxious alarms that would have alerted management to that breach.
In the case of Jon Corzine and MF Global, those controls were obviously not in place, and thus the Sarbanes-Oxley bill wasn’t worth the paper that Corzine used to write the bill.
Rather than more regulations, what works is very simple and can be summed by two words: “Buyer beware.” Investors (as well as voters considering the political ambitions of Corzine and his friends) have to be more skeptical of whom they put their trust in. You have to protect yourself. You can’t ask others to do it for you.
The astonishing collapse of MF Global.
The failure of broker MF Global is a unique event in the annals of American corporate history: To my knowledge, it’s the first time a CEO singlehandedly bankrupted his firm through actions that the board of directors was not only knowledgeable of, but had indeed expressly sanctioned. “That takes some talent!” quipped Roderick Hills, a former chairman of the SEC.
The article is long, detailed, and thorough. It describes a deep corruption that should chill the spine of anyone who has money in the investment world.
I must note that I do not advocate more regulations to eliminate this corruption. Such regulations never work. Take for example this quote from the article, describing the accounting systems that are required by law to prevent a client’s funds from being misused:
As noted above, it’s a major part of the CEO’s job to put the proper systems in place. In fact, regulations implemented through Sarbanes-Oxley — a bill that Corzine co-wrote while he was a senator — require that the CEO and CFO sign off on the effectiveness of the controls over financial reporting. … If those proper “controls and procedures” were in place, a breach of segregated client funds should have set off loud, blaring, obnoxious alarms that would have alerted management to that breach.
In the case of Jon Corzine and MF Global, those controls were obviously not in place, and thus the Sarbanes-Oxley bill wasn’t worth the paper that Corzine used to write the bill.
Rather than more regulations, what works is very simple and can be summed by two words: “Buyer beware.” Investors (as well as voters considering the political ambitions of Corzine and his friends) have to be more skeptical of whom they put their trust in. You have to protect yourself. You can’t ask others to do it for you.
Deficit may be biggest threat to ObamaCare
Well duh! Deficit may be biggest threat to ObamaCare.
I always opposed ObamaCare because I oppose the use of government to run our lives. But putting that minor point aside, it made absolutely no sense for the government to add this entitlement to the nation’s balance sheet at a time when that balance sheet is so completely in the red. The only time these kinds of government programs can possible work (if ever) is when there is lots of spare cash in the bank, something we definitely don’t have right now.
Well duh! Deficit may be biggest threat to ObamaCare.
I always opposed ObamaCare because I oppose the use of government to run our lives. But putting that minor point aside, it made absolutely no sense for the government to add this entitlement to the nation’s balance sheet at a time when that balance sheet is so completely in the red. The only time these kinds of government programs can possible work (if ever) is when there is lots of spare cash in the bank, something we definitely don’t have right now.
The Great Spending Betrayal
Over Friday and Saturday, 61% of House Republicans and 34% of Senate Republicans voted for the omnibus megabus bill. In doing so, not only did they violate their pledge pertaining to bundled (1200-page) bills and the 72-hour layover rule and agree to fund Obamacare, Dodd-Frank, Planned Parenthood, the EPA, the PLO and the UN; they actually agreed to spend almost $9 billion more than last year. Overall, budget authority will be $33 billion higher than the House budget, while appropriations for non-defense spending will be $45 billion more. One of the members who voted in the affirmative even agreed that he had voted for a “crap sandwich.”
One reason the budget is still growing is that two-thirds of the government is still controlled by the spendthrift Democratic Party. A second reason is that there are too many wimpy Republicans willing to compromise with these spendthrifts.
Which is why we have elections. 2012 should help fix this problem.
Over Friday and Saturday, 61% of House Republicans and 34% of Senate Republicans voted for the omnibus megabus bill. In doing so, not only did they violate their pledge pertaining to bundled (1200-page) bills and the 72-hour layover rule and agree to fund Obamacare, Dodd-Frank, Planned Parenthood, the EPA, the PLO and the UN; they actually agreed to spend almost $9 billion more than last year. Overall, budget authority will be $33 billion higher than the House budget, while appropriations for non-defense spending will be $45 billion more. One of the members who voted in the affirmative even agreed that he had voted for a “crap sandwich.”
One reason the budget is still growing is that two-thirds of the government is still controlled by the spendthrift Democratic Party. A second reason is that there are too many wimpy Republicans willing to compromise with these spendthrifts.
Which is why we have elections. 2012 should help fix this problem.
Virginia residents oppose preparations for climate-related sea-level rise
Ain’t democracy a bitch? Virginia residents loudly oppose their local government’s preparations for climate-related sea-level rise, and neither the bureaucrats or this Washington Post journalist like it!
Ain’t democracy a bitch? Virginia residents loudly oppose their local government’s preparations for climate-related sea-level rise, and neither the bureaucrats or this Washington Post journalist like it!
Russia announces it supports Canada’s decision to pull out of the Kyoto accords
More bad news for the global warming crowd: Russia has announced it fully supports Canada’s decision to pull out of the Kyoto accords.
More bad news for the global warming crowd: Russia has announced it fully supports Canada’s decision to pull out of the Kyoto accords.
Obama’s Watergate
Operation Fast and Furious was run by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) and overseen by the Justice Department. It started under the leadership of Attorney General Eric H. Holder Jr. Fast and Furious enabled straw gun purchases from licensed dealers in Arizona, in which more than 2,000 weapons were smuggled to Mexican drug kingpins. ATF claims it was seeking to track the weapons as part of a larger crackdown on the growing violence in the Southwest. Instead, ATF effectively has armed murderous gangs. About 300 Mexicans have been killed by Fast and Furious weapons. More than 1,400 guns remain lost.
Operation Fast and Furious was run by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) and overseen by the Justice Department. It started under the leadership of Attorney General Eric H. Holder Jr. Fast and Furious enabled straw gun purchases from licensed dealers in Arizona, in which more than 2,000 weapons were smuggled to Mexican drug kingpins. ATF claims it was seeking to track the weapons as part of a larger crackdown on the growing violence in the Southwest. Instead, ATF effectively has armed murderous gangs. About 300 Mexicans have been killed by Fast and Furious weapons. More than 1,400 guns remain lost.