Wednesday, May 06, 2009

Thanks for Praying in Private

This Freethinker would like to thank the President for praying in private:
"It's not a crisis of biblical proportions, but President Obama's plan to recognize the National Day of Prayer on Thursday with a paper proclamation"
This is the way it should be.

Carbon Tax Reality

This really boils down the argument of the Fatal Conceit of Cap-and-Trade versus the Carbon Tax:
What they are basically arguing is that a carbon tax works by hundreds of millions of individuals making decisions in reaction to higher prices, and chosing their own way to reduce carbon production. They don’t trust this kind of bottom up chaos, despite the fact this is how our entire economy and society works, except for a few corners where beltway guys live and breath in their own reality. They want a few “scientific” guys at the top picking winners and subsidizing technologies and particular approaches.
It is really telling that a democracy boils down to electing a political aristocracy that endevours to control everything and everyone. They don't trust us to act in our own best interest, but infinitely trust themselves to act thusly on our behalf. To that I say "No Thanks!".

Tuesday, May 05, 2009

Contradictory Evidence Alert

Don't look now. The ice is thicker than expected:
"The research aircraft “Polar 5” (see photo above) today concluded its Arctic
expedition in Canada. During the flight, researchers measured the current ice
thickness at the North Pole and in areas that have never before been surveyed.
The result: The sea-ice in the surveyed areas is apparently thicker than
scientists had suspected. "
Quick. Let's get the destructive "cap and trade" legislation through Congress and on the President's desk before this information is integrated into the global warming theory.

Sunday, May 03, 2009

Not That difficult

Sorry to say, because we are so collectively stupid, it is not that difficult:
"Because we're dumb, and you need to manipulate us."

Patronage Payback

Megan McArdle is very insightful about the power of unions in the current political climate.:
"Which brings us to the real question, which is, when did it become the government's job to intervene in the bankruptcy process to move junior creditors who belong to favored political constituencies to the front of the line? Leave aside the moral point that these people lent money under a given set of rules, and now the government wants to intervene in our extremely well-functioning (and generous) bankruptcy regime solely in order to save a favored Democratic interest group.

No, leave that aside for the nonce, and let's pretend that the most important thing in the world, far more interesting than stupid concepts like the rule of law, is saving unions. What do you think this is going to do to the supply of credit for industries with powerful unions?"
Answer: money lending to companies with strong unions will demand a high premium to pay for the extra default risk. That is, the cost of "Patronage Payback" just went up.