Dec 09 2008

If it comes from a pig, it’s pork

Category: Congress,economy,Obamaharmonicminer @ 2:03 am

Obama: Days of ‘pork … as a strategy’ are over – CNN.com

“You know, the days of just pork coming out of Congress as a strategy, those days are over.”

Except that the unprecedentedly HUGE public works plans our president-elect has are one big giant piece of pork. “Pork” usually means things tacked onto a bill by a legislator to get some money back into his or her home district or state. But who needs “extra pork”, when the main bill is going to bring a multi-billion dollar project into the home district?

I’d love to be a fly on the wall in the Democrat caucus, as legislators have fist fights over who gets the most money. Just imagine: the Dick Durbin Memorial Wind Farm, the Barbara Boxer Interstate Canal, the Harry Reid Interstate Canal (it’s named something different in each state, you see), the Chris Dodd Dam and Real Estate Office, and my personal favorite, the Barack Obama Solar Power Generating Station and National Park (haven’t you always wanted to camp next to a huge solar power converter?).

Forget that “other white meat” stuff.  They’ll all be eatin’ pretty high on the hog.

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Dec 06 2008

Maybe it’s not quite THAT bad

Category: economyharmonicminer @ 1:00 pm

A friend of mine around age 31 or so, with a couple of small children, recently put up a blog post about his sense of impending doom on the economic front. Herewith, my response, trying to make the point that things were actually worse for people his age in the late 1970s and early 1980s, in real terms, and there is reasonable hope that it will all work out, even with a blundering government that doesn’t quite know what to do, and is too proud to have the courage to do very little.

I used to hate it when old guys started out with, “When I was your age”, but…

Continue reading “Maybe it’s not quite THAT bad”

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Nov 30 2008

Daily Kos mythology

Category: economy,left,taxesharmonicminer @ 10:04 am

On the Daily Kos, we get this narrative about a conservative dad and a liberal daughter:

A blue collar man came home from a long day’s work to find his idealistic daughter had dropped in while doing some local community organizing. Like so many others in his income bracket, he considered himself to be a God fearing conservative, and along with most conservatives, was very, very much against income and capital gains taxes, especially on the rich.

But today he was deeply worried about the economic future of his naive, liberal daughter and his two grandchildren. Based on stories his parents told him about the Great Depression, his own shallow prejudice, and selected morsels of misinformation fed to him by right-wing talk radio, he decided to confront her right there and then for her own good.

He started by calmly and politely pointing out that Barack Obama was a Muslim, not a US citizen, and the President-elect was going to raise taxes on millionaires and force government funded abortions on everyone — even the men. Before the girl had a chance to respond to her father’s breathtaking ignorance, he muttered something about unions being responsible and trailed off. The girl, sensing something more was going on, asked him instead about his own job.

Continue reading “Daily Kos mythology”

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Nov 26 2008

Obama’s “center-right” economic team?

Category: economy,Obamaharmonicminer @ 9:18 pm

Larry Kudlow, no raving Leftist he, evaluates Obama’s economic team as being predominantly center-right. And this seems to give him hope that Obama is going to talk a Left leaning game, while governing more from the center.

Continue reading “Obama’s “center-right” economic team?”

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Nov 26 2008

Thomas Sowell on goats

Category: economy,governmentharmonicminer @ 2:24 am

Thomas Sowell helps us separate the sheep from the goats.

There is an old Russian fable, with different versions in other countries, about two poor peasants, Ivan and Boris. The only difference between them was that Boris had a goat and Ivan didn’t. One day, Ivan came upon a strange-looking lamp and, when he rubbed it, a genie appeared. She told him that she could grant him just one wish, but it could be anything in the world.

Ivan said, “I want Boris’ goat to die.”

Variations on this story in other countries suggest that this tells us something about human beings, not just Russians.

Read the whole thing.

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Nov 25 2008

Get ready to pay union benefits from your own pocket

Category: economyharmonicminer @ 10:27 am

Washington DC is about to give us all an object lesson on why private sector unions in “industries too large to fail” are a danger to all of us. But first, some background:

Perhaps you are one of those who sees unions as the little guys all organizing in order to demand better pay and working conditions from evil corporate employers who hold all the cards.  And, it may seem to you that it really doesn’t affect you if you’re not working for that employer, or a member of that union.  You may look on with a certain degree of disinterest, thinking that whatever happens in that particular industry is not going to matter to you.

Continue reading “Get ready to pay union benefits from your own pocket”

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Nov 23 2008

Ten politically incorrect thoughts

Category: economy,education,energy,environment,politics,societyharmonicminer @ 7:39 pm

Victor Davis Hanson is in fine fettle indeed, in Ten Random, Politically Incorrect Thoughts. Herewith, two of them, but all are worth the reading.

5. California is now a valuable touchstone to the country, a warning of what not to do. Rarely has a single generation inherited so much natural wealth and bounty from the investment and hard work of those more noble now resting in our cemeteries—and squandered that gift within a generation. Compare the vast gulf from old Governor Pat Brown to Gray Davis or Arnold Schwarzenegger. We did not invest in many dams, canals, rails, and airports (though we use them all to excess); we sued each other rather than planned; wrote impact statements rather than left behind infrastructure; we redistributed, indulged, blamed, and so managed all at once to create a state with about the highest income and sales taxes and the worst schools, roads, hospitals, and airports. A walk through downtown San Francisco, a stroll up the Fresno downtown mall, a drive along highway 101 (yes, in many places it is still a four-lane, pot-holed highway), an afternoon at LAX, a glance at the catalogue of Cal State Monterey, a visit to the park in Parlier—all that would make our forefathers weep. We can’t build a new nuclear plant; can’t drill a new offshore oil well; can’t build an all-weather road across the Sierra; can’t build a few tracts of new affordable houses in the Bay Area; can’t build a dam for a water-short state; and can’t create even a mediocre passenger rail system. Everything else—well, we do that well.

10. The K-12 public education system is essentially wrecked. No longer can any professor expect an incoming college freshman to know what Okinawa, John Quincy Adams, Shiloh, the Parthenon, the Reformation, John Locke, the Second Amendment, or the Pythagorean Theorem is. An entire American culture, the West itself, its ideas and experiences, have simply vanished on the altar of therapy. This upcoming generation knows instead not to judge anyone by absolute standards (but not why so); to remember to say that its own Western culture is no different from, or indeed far worse than, the alternatives; that race, class, and gender are, well, important in some vague sense; that global warming is manmade and very soon will kill us all; that we must have hope and change of some undefined sort; that AIDs is no more a homosexual- than a heterosexual-prone disease; and that the following things and people for some reason must be bad, or at least must in public company be said to be bad (in no particular order): Wal-Mart, cowboys, the Vietnam War, oil companies, coal plants, nuclear power, George Bush, chemicals, leather, guns, states like Utah and Kansas, Sarah Palin, vans and SUVs.


Nov 22 2008

Obama holds seance with FDR

Category: economy,Obamaharmonicminer @ 3:11 pm

While a recent new report on President-elect Obama’s plans is pretty high on glittering generality, including the obligatory swipe at George Bush, the former senator shares the single substantive detail (and it isn’t much) about how he will aid the rebuilding of the economy. Here is his plan to create 2.5M new jobs by 2011.

“We’ll put people back to work rebuilding our crumbling roads and bridges, modernizing schools that are failing our children, and building wind farms and solar panels,” Obama said. He also made a commitment to fuel-efficient cars and alternative energy technologies “that can free us from our dependence on foreign oil and keep our economy competitive in the years ahead.”

Move over Community Reinvestment Act. We’re about to have a new Works Progress Adminstration, a new Civilian Conservation Corps, a new Reconstruction Finance Corporation, etc.
Continue reading “Obama holds seance with FDR”

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Nov 12 2008

The Foundation for Economic Education

Category: economy,education,freedomharmonicminer @ 1:48 am

One of my favorite sites is the Foundation for Economic Education.

There’s a small joke involved:  access to the site is FREE, but the url is http://www.fee.org/.

Get it?  OK, I’m amused by small things.

Anyway, I’ll be adding a link to this place in my blogroll soon, and I urge you to visit and read, often.

Just skulk around.  Click here and there.  Read a bit.  It will be worth your while in understanding two critical things:

1)  How the USA got so rich

and

2)  How it can become much poorer

And once you understand these two things, you have some idea of how we can help societies that are now poor to become richer.

I’m for that.

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Nov 09 2008

Very, very cold comfort

Category: economy,election 2008,healthcareharmonicminer @ 10:05 am

George Will offers cold comfort at the end of his piece assessing the election in historical context.

………….
Although John McCain’s loss was not as numerically stunning as the 1964 defeat of Barry Goldwater, who won 16 fewer states and 122 fewer electoral votes than McCain seems to have won as of this writing, Tuesday’s trouncing was more dispiriting for conservatives. Goldwater’s loss was constructive; it invigorated his party by reorienting it ideologically. McCain’s loss was sterile, containing no seeds of intellectual rebirth.
…………..

As this is being written, Republicans seem to have lost a total of 55 House and 11 Senate seats in the last two elections. These are the worst Republican results in consecutive elections since the Depression-era elections of 1930 and 1932 (153 and 22), which presaged exile from the presidency until 1953. If, as seems likely at this writing, in January congressional Republicans have 177 representatives and 44 senators, they will be weaker than at any time since after the 1976 elections, when they were outnumbered in the House 292-143 and the Senate 61-38.

…………….

Still, the Republican Party retains a remarkably strong pulse, considering that McCain’s often chaotic campaign earned 46 percent of the popular vote while tacking into terrible winds. Conservatives can take some solace from the fact that four years after Goldwater won just 38.5 percent of the popular vote, a Republican president was elected.

The conservative ascendancy that was achieved in 1980 reflected a broad consensus favoring government more robust abroad and less ambitious at home — roughly the reverse of Tuesday’s consensus. But conservatives should note what their current condition demonstrates: Opinion is shiftable sand. It can be shifted, as Goldwater understood, by ideas, and by the other party overreaching, which the heavily Democratic Congress elected in 1964 promptly did. [emphasis mine]

The problem, from the perspective of conservatives, is this: 1932 marked the beginning of Democratic ascendancy leading to the Social Security system, 1964’s elections led to Medicare and Great Society, and 1976’s led to the fall of Iran to Islamic extremists, the Carterization of our military, etc.

Of COURSE the Left will over-reach again. It can’t help itself. Obama has shown no ability or interest in resisting the Left-most tilting of the most radically Left Democrats in his party, and those who put him in office will be expecting payback, and they will get it.  The press will not love him unconditionally forever, as they have during the campaign, and will for a few months more, at least.

The Right will be back.  But as I’ve written before, the damage the Democrats can do in even a single term of “unified government” is very large, and two terms gives them time to lock in a course that is virtually impossible to change.  Remember those Star Trek episodes where somebody has locked the navigation controls of the Enterprise to go to a certain destination, and it is simply impossible to undo the change?  It’s just a bit like that.  Sure, we can take the ship back.  But we’ll still be heading for the Delta Quadrant.

1932 led to Social Security, which some may still think is a good idea, but which ultimately has been poisonous to our society, because it encouraged dependency, poor planning, people retiring while they were still productive, and it has provided a bottomless well of money for Congress to waste on OTHER things for years (WHAT “social security trust fund”…  you’re kidding, right?), but for which the bill is about to come due in a HUGE way, as the boomers retire, and younger people find out about the Faustian bargain that was made by their grand-parents and great-grand-parents.

1964 led to the Great Society, the effect of which was to create a permanently dependent urban underclass, largely black, incentivized to be non-productive and to think itself unable to thrive on its own without government help, leading to a 70% black unmarried birthrate and a huge majority of fatherless homes; and Medicare, which has been one of the biggest levers driving healthcare prices higher and higher (along with the notion that medical “insurance” should pay for routine minor medical care…  about like paying for car insurance that covers tuneups and oil changes, guaranteed to hugely boost the price of both).

Some will point out that 1964 also led to the Civil Rights legislation, and that’s true.  But it’s also true that strikingly higher percentages of Republicans than Democrats voted for it, so this cannot be chalked up to a victory of Democrat government.  And, in any case, the Civil Rights Act preceded the Democratic landslide (both presidential and congress) 1964 elections that led to the 1965 establishment of Medicare and the Great Society programs.

1976 led to a president who made no attempt to help Iran avoid an Islamic extremist government, and who made America a laughing stock around the world for his ineptness in dealing with the hostage crisis in the American embassy in Tehran.  And while Carter deserved some credit for the Egypt/Israel accords, even that was mostly Sadat’s initiative (not a response to Carter’s policies), in contrast to Reagan’s policies actually having a large effect on the crumbling of the Soviet Union.

So sure, the Republicans can get power back at some point:  the question is how much damage will have been done by the Left, and how many newly intractable and irreversible realities will be in place due to Democrat-created entitlements that the public comes to see as its due?

We seem destined to go down the road that Europe has already proved is a dead end.

There are a couple of other factors, however, that may mean the Republicans will not “be back” for quite some time.  Nothing recognizably like the Republican party as it has been can even hope to gain the ascendancy again if the Democrat reign succeeds in the following:

1)  ending secret balloting for unionization, by pushing through union card check (allowing union goons to appear at your front door and to “invite” you to sign…  very persuasively, of course) and bringing back the old terror tactics of labor wars not seen since the 1930s, when labor and employers each hired thugs to strongarm employees into submission.  It may not be clear to younger readers, but while union members can vote for whomever they choose in congressional and presidential elections, the unions themselves use union dues to back uniformly Democrat candidates.

2)  legalizing large numbers of formerly non-voting (we wish) illegal aliens, and making them beholden to Democrats by essentially buying their votes with entitlements.

3)  trade protectionist legislation (if the USA is re-unionized, it will be difficult for even a Republican congress and presidency to reverse this without unacceptable repercussions).

4)  creating yet another entitlement, health care, so that more people will be dependent on government.

5)  the “fairness doctrine” to silence dissenting voices from the Democrat majority, heard mostly on talk radio (strictly speaking, this would be reversible by Republicans, eventually, but it’s listed here as something that would militate against their ever having the chance).

6)  ACORN style registrations (without successful legal challenges, possibly tossed out by Left-leaning judges appointed by Democrats) of more and more voters who stand to receive from the government, but don’t pay much in the way of taxes, and have not traditionally voted in such large numbers.

Mr. Will’s comments are very, very cold comfort.

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