"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.
posted by Jim VAT @ 5:00 PM
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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!".
posted by Jim VAT @ 2:29 PM
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"The research aircraft “Polar 5” (see photo above) today concluded its ArcticQuick. 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.
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. "
posted by Jim VAT @ 12:16 PM
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"Because we're dumb, and you need to manipulate us."
posted by Jim VAT @ 6:30 PM
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"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.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.
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?"
posted by Jim VAT @ 6:16 PM
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Contained here are the thoughts, views and analysis on subjects ranging from economics, politics, sports and anything else I feel like talking about.
