Month: March 2009

NPR: Stimulus Package Doing More Harm Than Good?

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Wow, you know it’s bad when the cheerleaders turn on the home team. In an piece today Neo-Pinko Radio (NPR) suggests yet another wave of elector’s remorse.

News & Notes , March 9, 2009 · The latest economic stimulus package continues to cause disagreement among economists.

Dissenting voices say the stimulus plan is bloated and may present an unconscionable burden on future generations.

For insight, Tony Cox talks with Sherry Jarrell, a professor of finance and economics at Wake Forest University.

Listen to the discussion here. WELL WORTH a 10 minute listen.

Barack Obama ‘too tired’ to give proper welcome to Brit PM

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The Telegraph is reporting on the snub the British feel at being unwarmly welcomed at the White House…

Sources close to the White House say Mr Obama and his staff have been “overwhelmed” by the economic meltdown and have voiced concerns that the new president is not getting enough rest.

British officials, meanwhile, admit that the White House and US State Department staff were utterly bemused by complaints that the Prime Minister should have been granted full-blown press conference and a formal dinner, as has been customary. They concede that Obama aides seemed unfamiliar with the expectations that surround a major visit by a British prime minister.

But Washington figures with access to Mr Obama’s inner circle explained the slight by saying that those high up in the administration have had little time to deal with international matters, let alone the diplomatic niceties of the special relationship.

Allies of Mr Obama say his weary appearance in the Oval Office with Mr Brown illustrates the strain he is now under, and the president’s surprise at the sheer volume of business that crosses his desk.

Welcome to George W. Bush’s world amateur.

A well-connected Washington figure, who is close to members of Mr Obama’s inner circle, expressed concern that Mr Obama had failed so far to “even fake an interest in foreign policy”.

A British official conceded that the furore surrounding the apparent snub to Mr Brown had come as a shock to the White House. “I think it’s right to say that their focus is elsewhere, on domestic affairs. A number of our US interlocutors said they couldn’t quite understand the British concerns and didn’t get what that was all about.”

The American source said: “Obama is overwhelmed. There is a zero sum tension between his ability to attend to the economic issues and his ability to be a proactive sculptor of the national security agenda.

“That was the gamble these guys made at the front end of this presidency and I think they’re finding it a hard thing to do everything.”

…

But they concede that the mood music of the event was at times strained. Mr Brown handed over carefully selected gifts, including a pen holder made from the wood of a warship that helped stamp out the slave trade – a sister ship of the vessel from which timbers were taken to build Mr Obama’s Oval Office desk. Mr Obama’s gift in return, a collection of Hollywood film DVDs that could have been bought from any high street store, looked like the kind of thing the White House might hand out to the visiting head of a minor African state.

Mr Obama rang Mr Brown as he flew home, in what many suspected was an attempt to make amends.

The real views of many in Obama administration were laid bare by a State Department official involved in planning the Brown visit, who reacted with fury when questioned by The Sunday Telegraph about why the event was so low-key.

The official dismissed any notion of the special relationship, saying: “There’s nothing special about Britain. You’re just the same as the other 190 countries in the world. You shouldn’t expect special treatment.”

… Read the rest here…

DVDs? That’s the quality of aides and people Obama’s bringing to bear for our country and fortunes in the coming few years.

Anti-Global Warming Scientists Meeting in New York

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I love to see things like this happening! It’s about time that the climate change alarmists start taking some “heat”.

This sums it up nicely:

“What we are trying to accomplish with this conference is to present to the politicians and to the public that the debate is not over about global warming or climate change; that there is plenty of room for disagreement; and that sound science shows that the earth is not warming,” says Miller.

“For much of the latter part of the 20th century there’s been a mild warming as we come out of an ice age — but the planet today is much cooler than it was a thousand years ago.”

Besides the 70+ scientists at this conference, more than 650 scientists worldwide have expressed skepticism over manmade climate change.

Even Wikipedia is Biased

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Does the Wikipedia entry on our new President have any references to major campaign news items such as William Ayers, Rev. Jeremiah Wright, and questions on his eligibility? Nope. And anyone who attempts to add these to his entries – with plenty of third party reputable news sources as backup – is banned from posting anything to the site.

Breitbart: Timothy Geithner, alone and working night and day

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Obama, now being annoyed by having to find credible people, finds his Treasurer working alone. Pathetic.

US Treasury Secretary Timothy Geithner is practically alone on the job, working night and day to cope with the worst economic downturn in decades.Of the 15 key Treasury Department positions that require Senate confirmation, only one has been filled. Stuart Levey, a leftover from the previous administration, who as under secretary of the treasury for terrorism and financial intelligence, is not central to the crisis management however.

Unemployment figures which revealed Friday that 651,000 jobs were lost in February, showed the recession is running ever deeper, but Geithner, who started work in late January, has no deputy secretary, no under secretaries for international affairs and no deputy under secretaries.

Annette Nazareth, who had been expected to be chosen as deputy secretary — Geithner’s top aide — has withdrawn her name, the Wall Street Journal reported in its online edition, citing people familiar with the matter.

The former Security Exchange Commission head “withdrew in large part because of the long vetting process” President Barack Obama has put in place to choose members of his government, the daily said.

Geithner’s choice for undersecretary for international affairs, Caroline Atkinson, also took her name out of the running, only weeks ahead of the April 2, Group of 20 developed and developing nations summit in London.

Read the full article here

Global Warming: On Hold?

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Here goes… we told you so. Certainly not as contrite as required, climatology “scientists” are being pantsed soundly of late. This latest in an article on the Discovery Channel website…

March 2, 2009 — For those who have endured this winter’s frigid temperatures and today’s heavy snowstorm in the Northeast, the concept of global warming may seem, well, almost wishful.

But climate is known to be variable — a cold winter, or a few strung together doesn’t mean the planet is cooling. Still, according to a new study in Geophysical Research Letters, global warming may have hit a speed bump and could go into hiding for decades.

Earth’s climate continues to confound scientists. Following a 30-year trend of warming, global temperatures have flatlined since 2001 despite rising greenhouse gas concentrations, and a heat surplus that should have cranked up the planetary thermostat.

“This is nothing like anything we’ve seen since 1950,” Kyle Swanson of the University of Wisconsin-Milwaukee said. “Cooling events since then had firm causes, like eruptions or large-magnitude La Ninas. This current cooling doesn’t have one.”

Instead, Swanson and colleague Anastasios Tsonis think a series of climate processes have aligned, conspiring to chill the climate. In 1997 and 1998, the tropical Pacific Ocean warmed rapidly in what Swanson called a “super El Nino event.” It sent a shock wave through the oceans and atmosphere, jarring their circulation patterns into unison.

How does this square with temperature records from 2005-2007, by some measurements among the warmest years on record? When added up with the other four years since 2001, Swanson said the overall trend is flat, even though temperatures should have gone up by 0.2 degrees Centigrade (0.36 degrees Fahrenheit) during that time.

The discrepancy gets to the heart of one of the toughest problems in climate science — identifying the difference between natural variability (like the occasional March snowstorm) from human-induced change.

Princeton Professor Denies Global Warming Theory

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The latest in a very long line of sane to oppose The Cult of Gore Hippies.

Physics professor William Happer GS ’64 has some tough words for scientists who believe that carbon dioxide is causing global warming.

“This is George Orwell. This is the ‘Germans are the master race. The Jews are the scum of the earth.’ It’s that kind of propaganda,” Happer, the Cyrus Fogg Brackett Professor of Physics, said in an interview. “Carbon dioxide is not a pollutant. Every time you exhale, you exhale air that has 4 percent carbon dioxide. To say that that’s a pollutant just boggles my mind. What used to be science has turned into a cult.”

How can you not like this guy?

…Happer served as director of the Office of Energy Research in the U.S. Department of Energy under President George H.W. Bush and was subsequently fired by Vice President Al Gore, reportedly for his refusal to support Gore’s views on climate change. He asked last month to be added to a list of global warming dissenters in a Senate Environment and Public Works Committee report. The list includes more than 650 experts who challenge the belief that human activity is contributing to global warming.

…

“All the evidence I see is that the current warming of the climate is just like past warmings. In fact, it’s not as much as past warmings yet, and it probably has little to do with carbon dioxide, just like past warmings had little to do with carbon dioxide,” Happer explained.

…

“Their whole career depends on pushing. They have no other reason to exist. I could care less. I don’t get a dime one way or another from the global warming issue,” Happer noted. “I’m not on the payroll of oil companies as they are. They are funded by BP.”

…

Happer explained that his beliefs about climate change come from his experience at the Department of Energy, at which Happer… supervised all non-weapons energy research, including climate change research. Managing a budget of more than $3 billion…

“[Climate scientists] would give me a briefing. It was a completely different experience. I remember one speaker who asked why I wanted to know, why I asked that question. So I said, you know I always ask questions at these briefings … I often get a much better view of [things] in the interchange with the speaker,” Happer said. “This guy looked at me and said, ‘What answer would you like?’ I knew I was in trouble then. This was a community even in the early 1990s that was being turned political. [The attitude was] ‘Give me all this money, and I’ll get the answer you like.’ ”

Happer said he is dismayed by the politicization of the issue and believes the community of climate change scientists has become a veritable “religious cult,” noting that nobody understands or questions any of the science.

He noted in an interview that in the past decade, despite what he called “alarmist” claims, there has not only not been warming, there has in fact been global cooling. He added that climate change scientists are unable to use models to either predict the future or accurately model past events.

“There was a baseball sage who said prediction is hard, especially of the future, but the implication was that you could look at the past and at least second-guess the past,” Happer explained. “They can’t even do that.”

Happer cited an ice age at the time of the American Revolution, when Londoners skated on the Thames, and warm periods during the Middle Ages, when settlers were able to farm southern portions of Greenland, as evidence of naturally occurring fluctuations that undermine the case for anthropogenic influence.

“[Atmospheric carbon dioxide concentration] was exactly the same then. It didn’t change at all,” he explained. “So there was something that was making the earth warm and cool that modelers still don’t really understand.”

The problem does not in fact exist, he said, and society should not sacrifice for nothing.

“[Climate change theory has] been extremely bad for science. It’s going to give science a really bad name in the future,” he said. “I think science is one of the great triumphs of humankind, and I hate to see it dragged through the mud in an episode like this.”

Bold added by Tickler

Read the whole article here, complete with deceptive but not-so-subtle staff writer spin in attempt to explain away certain aspects of the professor’s position.

Atlas Shrugged: A Must Read for Every American

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I’ve been telling Tickler for months now that we are beginning to see Ayn Rand’s novel Atlas Shrugged come to life. It’s horrifying. Ayn Rand defected from communist Russia in 1926 and wrote Atlas Shrugged in 1957. Needless to say she was not a fan of socialism. Noted economist Stephen Moore wrote a piece in the Wall Street Journal in January pointing out this same similarity between the world of Atlas Shrugged and our current political and economic climate. Highlights are below, see the full article here.

For the uninitiated, the moral of the story is simply this: Politicians invariably respond to crises — that in most cases they themselves created — by spawning new government programs, laws and regulations. These, in turn, generate more havoc and poverty, which inspires the politicians to create more programs . . . and the downward spiral repeats itself until the productive sectors of the economy collapse under the collective weight of taxes and other burdens imposed in the name of fairness, equality and do-goodism.

In the book, these relentless wealth redistributionists and their programs are disparaged as “the looters and their laws.” Every new act of government futility and stupidity carries with it a benevolent-sounding title. These include the “Anti-Greed Act” to redistribute income (sounds like Charlie Rangel’s promises soak-the-rich tax bill) and the “Equalization of Opportunity Act” to prevent people from starting more than one business (to give other people a chance). My personal favorite, the “Anti Dog-Eat-Dog Act,” aims to restrict cut-throat competition between firms and thus slow the wave of business bankruptcies. Why didn’t Hank Paulson think of that?

Ultimately, “Atlas Shrugged” is a celebration of the entrepreneur, the risk taker and the cultivator of wealth through human intellect. Critics dismissed the novel as simple-minded, and even some of Rand’s political admirers complained that she lacked compassion. Yet one pertinent warning resounds throughout the book: When profits and wealth and creativity are denigrated in society, they start to disappear — leaving everyone the poorer.

One memorable moment in “Atlas” occurs near the very end, when the economy has been rendered comatose by all the great economic minds in Washington. Finally, and out of desperation, the politicians come to the heroic businessman John Galt (who has resisted their assault on capitalism) and beg him to help them get the economy back on track. The discussion sounds much like what would happen today:

Galt: “You want me to be Economic Dictator?”

Mr. Thompson: “Yes!”

“And you’ll obey any order I give?”

“Implicitly!”

“Then start by abolishing all income taxes.”

“Oh no!” screamed Mr. Thompson, leaping to his feet. “We couldn’t do that . . . How would we pay government employees?”

“Fire your government employees.”

“Oh, no!”

Abolishing the income tax. Now that really would be a genuine economic stimulus. But Mr. Obama and the Democrats in Washington want to do the opposite: to raise the income tax “for purposes of fairness” as Barack Obama puts it.

I couldn’t have said it better myself.

CNBC: Obama Declares War on Investors, Entrepreneurs, Businesses, And More

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Must read on CNBC (I’m surprised too, though to be fair Larry Kudlow often has intelligent things to say)…

Let me be very clear on the economics of President Obama’s State of the Union speech and his budget.

He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.

That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.

Raising the marginal tax rate on successful earners, capital, dividends, and all the private funds is a function of Obama’s left-wing social vision, and a repudiation of his economic-recovery statements. Ditto for his sweeping government-planning-and-spending program, which will wind up raising federal outlays as a share of GDP to at least 30 percent, if not more, over the next 10 years.

…

Study after study over the past several decades has shown how countries that spend more produce less, while nations that tax less produce more. Obama is doing it wrong on both counts.

And as far as middle-class tax cuts are concerned, Obama’s cap-and-trade program will be a huge across-the-board tax increase on blue-collar workers, including unionized workers. Industrial production is plunging, but new carbon taxes will prevent production from ever recovering. While the country wants more fuel and power, cap-and-trade will deliver less.

Read the rest here. The closing is worth posting here though…

There is a growing sense of buyer’s remorse. Well then, do conservatives dare say: We told you so?