Wednesday, May 5. 2010
 High water in Nashville
More Tea Bagger Presbyterian violence
"Say it with roses, say it with mink, but never never say it in ink." Be careful about what you put in emails.
Office jerks: How Dad's Yelling Can Spawn an Office Tyrant
"A standup comedian who was sued for making mother-in-law jokes has had the last laugh after a federal judge threw the case out of court."
Gov Christie fires a NJ Judge. Good quote from him:
"Many of these decisions have been results in search of a rationale."
In other New Jersey news: A brave new documentary reveals the corruption, waste, and stupidity of education spending in New Jersey.
Pisciotta: Top 10 Reasons to Rely on Private Sector Markets
Legal Ins: NY Will Actively Subvert Immigration Laws
Mankiw: Much to Love, and Hate, in a VAT
Lowry: The Greek Unions -- And Ours
Leaving Arizona
Kudlow: Keynesian Spending has Zilch Effect on Recovery
Protein: “The Left loses its way by abandoning ‘third way’”
Criminality and illegal immigration: NYM has the other side of the story
Where are the pretty pink unicorns? Peters: We can't appease Islamists
Mead:
Ten years ago, the European Union with great fanfare unveiled the “Lisbon Agenda”, a ten-year action plan to make the EU “the most competitive and dynamic knowledge-based economy in the world capable of sustainable economic growth with more and better jobs and greater social cohesion”.
It flopped. Europe is less of a factor today than it was ten years ago in the high-tech world. Even before the crash the EU lagged behind China, India and the United States when it came to economic growth. It is emerging from the recession more slowly than the others and there are no signs that Europe has overcome the problems that have slowed its growth. As for ‘greater social cohesion’, look at the trade union riots in Greece. Look at the tensions with immigrants; look at the rise of extreme right-wing parties.
Tuesday, May 4. 2010
The June issue of Chief Executive magazine confirms that while my residence in California has wonderful climate and well-educated people, otherwise I live in a state ranked by 651 chief executives across the country as the worst state to do business.
How is it that the nation’s most populous state at 37 million, one that is the world’s eighth-largest economy and the country’s richest and most diverse agricultural producer, a state that had the fastest growth rate in the 1950s and 1960s during the tenures of Democratic Governor Pat Brown and Republican Governors Earl Warren and Ronald Reagan, should become the Venezuela of North America?
Californians pay among the highest income and sales taxes in the nation, the former exceeding 10 percent in the top brackets. Unemployment statewide is over 12.2 percent, higher than the national average. State politics seems consumed with how to divide a shrinking pie rather than how to expand it. Against national trend, union density is climbing from 16.1 percent of workers in 1998 to 17.8 percent in 2002. Organized labor has more political influence in California than in most other states. In addition, unfunded pension and health care liabilities for state workers top $500 billion and the annual pension contribution has climbed from $320 million to $7.3 billion in less than a decade. When state employees reach critical mass, they tend to become a permanent lobby for continual growth in government.
No surprise, the other states at the bottom of the barrel for governments deemed unfriendly to business: New York, Michigan, New Jersey, Massachusetts. The states whose business friendliness has declined most in the past five years: Illinois, Ohio, Minnesota, Wisconsin, New Jersey. The states most friendly toward business: Texas, North Carolina, Tennessee, Virginia, Nevada.
With 2010 census reassignment of Congressional seats coming up, there are consequences:
Little wonder then that while Texas gained over 848,000 net new residents in the last 10 years, according to the Census Bureau, California lost 1.5 million. New York State’s net loss exceeded 1.6 million - the highest of any state. High-tax, big- government New Jersey ranked fourth, with a net loss of almost 460,000, enough to drop it from 10th to 11th place in population.
Good.
But not so good for taxpayers in the states unfriendly to business.
The political elites in the states that dismiss out-migration trends overlook the radical demographic adjustment underway. As higher-income earners leave, they are more often replaced by those with lower incomes and lower skills, many needing public assistance. Gone too are the entrepreneurs and risk-takers, off seeking regions where their job creating abilities are rewarded.
Another more daunting reality is in store. The so-called de-leveraging of America hasn’t reached government. U.S. cities and states have issued over $2 trillion in new debt since 2008, with another $1 trillion scheduled this year. The problem is that state revenues in real terms may not reach 2008 levels until late in 2012, according to John Thomasian of the National Governors Association Center for Best Practices. As he emphasizes in his paper, “The Big Reset: State Government after the Great Recession,” states will have to rethink and redesign government in terms of what is essential and what can be made more efficient if their citizens are to have much of a future.
Investors Business Daily adds:
The Chief Executive magazine report follows last year's alarming "Manufacturing 2.0" study by California's Milken Institute. It showed California suffering a collapse of its manufacturing sector on a magnitude of the one that killed Michigan's economy.
California's long-term job losses are downright ugly. Since 2001, while politicians dither and spend, 634,000 factory jobs have disappeared along with 34% of the industrial base. From 2003 to 2007 alone, according to the Milken report, 79,000 jobs were lost due to excessive regulation and too-high taxes.
But if California's private companies are suffering, its public sector sure isn't. From 2001 to 2009, California lost 235,000 net private-sector jobs, but gained 163,700 government jobs. Those cushy union jobs also pay more than comparable private jobs and provide gold-plated benefits. Now Californians find they actually have to pay for this foolishness.
Those dangerous Tea Party "Patriots" just can't catch a break. A Presbyterian, as usual. They always turn out to be Presbyterians.
 The unofficial bio of Leroy Jethro Gibbs
The ambiguous utopias of Iain M. Banks
Latest Rasmussen: Obamacare: Majority of Americans Are Skeptical
Shrinkwrapped: Tune In, Turn On, Drop Out
Franklin Graham sounds a bit pissed at Obama
Why can't men be more like women?:
It is telling that scientists are so thoroughly steeped in knee-jerk male bashing that they do not even ask whether there might be something positive about having less oxytocin.
Why the Obama-FDR comparison doesn't work
Williamson at NRO:
Americans love Big Government. But it's not a blind love — it all depends on the direction the arrow is pointing on the cashflow chart. Ask George W. Bush , who got himself cruficied for trying to reform Social Security. Ask anybody who has touched Medicare, or even idly thought aloud about doing so. Ask a farmer or anybody marching in the Small Business Administration pork parade.
The problem with big bills, at Commentary:
If the best place to hide a book is in a library, then the best way to hide a favor for a contributor or a quiet little power grab is in a bill 2,000 pages long.
Stelzer: For now, economy is looking up
Greece: tax-dodging as a way of life
Powerline:
If Obama is an enigma today, it's because of the contrast between his remarkably open disdain for his domestic rivals and opponents on the one hand and his obsequious approach to the nation's foreign adversaries on the other. As enigmas go, however, this one is more troubling than puzzling.
Am Thinker on Palin-hatred:
...the fury directed against Palin by leftists is so overwrought, and at times maniacal, precisely because her innate common sense is so powerful and effective when she dares to declare that the emperor of government economic planning has no clothes. Like Mises and Reagan, Palin understands with utter (and to leftists, frightening) clarity that leftist utopias have no practicality or viability, but are, in Mises' words, "illusory fantasies."
Like most people, self-important intellectuals don't like their cherished dreams and aspirations dismissed as fantasies.
Sporting Art via Theo
Monday, May 3. 2010
CA Dem candidate Mickey Kaus: "It's time for Democrats, even liberal Democrats, to start looking at unions and unionism with deep skepticism."
Bailout making things worse, at Reason:
...you have politicians defying the will of the voters to pour more water into a leaky bucket; transnational economic planners destroying a currency in order to save it; markets responding to those actions with predictable horror; and the few recipients of all the largesse too dumb to say "Thank you." This is apparently what EU stability looks like.
 Ridley's Turtles, caught on the big hook of Cape Cod. If their numbers were healthier, a few lost turtles would not matter.
Recommended Revolutionary War Reading List
An example of why Rubio should be a senator.
Prager: Why Left Talks About 'White' Tea Parties
Good, demanding schools: Learning from the successful charter schools
Re Goldman: Berkshire Execs Blame Turmoil On Faulty Regulation. Exactly right.
McArdle:
In answer to Andrew's question--"That auto restructuring last year was a disaster, wasn't it?"--well, yes, it was. The Congressional Budget Office believes that it will ultimately cost the taxpayers $50 billion--as much or more than the rest of TARP put together. For that, we saved less than 400,000 jobs at GM and Chrysler. We could have given each of the autoworkers $100,000 to go start over somewhere else, and still saved money on the deal.
Government spending per household, 1965-present
They took this kid's sandwich
Does "audacity" mean doing things people don't want?
Moonbattery: Item #2: Why You Can't Have an Intelligent Discussion with a Progressive Leftist
Fishing photo via Theo
From the Huffington Post:
State-sponsored anti-Semitism... in 2010? ... in VENEZUELA? On the surface, it didn't make sense.
But as we continued our investigation, the evidence continued to build. There was the anti-Semitic graffiti sprayed on the synagogues and businesses owned by Jews; there was the police raid on the Jewish school Hebraica that was based on a "tip" that the school was involved in an assassination plot [no evidence was ever found]; there were the frequent publications in the state-run media calling for the expulsion of the Jews; and there was even the anti-Semitic rhetoric of President Hugo Chavez himself.
Perhaps it is this last example that Jewish Venezuelans fear the most. When your own president is comparing Zionists to Nazis on national television, and insinuating that it is people of your religion that have all the wealth in the world ("the descendants of those who crucified Christ"), and then publically expels the ambassador of Israel during a war that your country has nothing to do with, I can understand why you might start to feel nervous.
But why? What could possibly be the motivation?
Maybe that is most shocking of all....
Below is the preview. What will be the conclusion?
Sunday, May 2. 2010
We are hearing the voices of Greek infants. Do they think money grows on trees? Why we connect Plato and Socrates to modern Greeks is a mystery of geography.
Mead explains how modern Greeks think.
Saturday, May 1. 2010
 Noonan: The Big Alienation. A quote:
This is not the old, conservative and long-lampooned "I don't trust gummint" attitude of the 1950s, '60s and '70s. It's something new, or rather something so much more broadly and fully evolved that it constitutes something new. The right never trusted the government, but now the middle doesn't.
Goldberg: States' Rights and Wrongs
Do not hack into peoples' emails
Karl Rove still driving people crazy
The notion of offering Medicare to businesses
Oil spill as Obama's Katrina?
They ran crying to the Dean. Pathetic.
Via Dino:
As of 2008, the average federal salary was $119,982, compared with $59,909 for the average private sector employee. In other words, the average federal bureaucrat makes twice as much as the average working taxpayer. Add the value of benefits like health care and pensions, and the gap grows even bigger. The average federal employee’s benefits add $40,785 to his annual total compensation, whereas the average working taxpayer’s benefits increase his total compensation by only $9,881. In other words, federal workers are paid on average salaries that are twice as generous as those in the private sector, and they receive benefits that are four times greater.
In defence of Glenn Beck
On immigration at NRO:
Linda (Chavez) criticizes the “slow, steady harassment” of illegal aliens. “Slow, steady harassment” is a pretty good working definition of about 80 percent of American law enforcement. It mostly works. You want to change the law, then change the law. But people who believe the way Linda believes about immigration have had ample opportunity to change the law through the democratic process. They have lost. They will continue to lose.
We have generous legal immigration laws now. They can always be changed. A nation without borders, though, is not a nation. A nation is a community of law. As we often say, the whole world wants to come here for freedom and opportunity, and would if they would only have to ignore our laws and wade through the Rio Grande. One thing that ticks me off is that the illegals have taken the jobs high school kids like I used to get: laborers on construction, landscaping work, electrician helpers, etc. They pay the illegals cash and the high school kids get fat and lazy playing video games. I began working summers and part-time during the school year when I was 13. Can kids do that now? I enjoyed working, learned a lot about life, got in good physical shape, and made money too.
Friday, April 30. 2010
“In this election… we have got to realize there is no longer any such thing as a conservative Democrat. It doesn’t exist. I used to be one of them. When I worked for Bill Clinton, that’s what I was. Now I’m extinct. There are no more of me. I’m a dodo bird. Now you are either a Reid-Pelosi Democrat or you are a Republican.”
Dick Morris
Adam Smith's The Theory of Moral Sentiments. h/t, Washington Reb
Shawcross: Britain's humiliation
Legally, what's an "offended observer"? I am one, all day long.
Pew: More trouble for Democrats
If the government runs medical care, they will own your body. Bought and sold.
Mexico acknowledges migrant abuse, pledges changes. Yeah, sure.
Immigration: New third rail in American politics announced
Market-Based Membership Approach to Healthcare At the Same Monthly Cost As a Cell Phone Plan
Obama to Wall Street: “I Do Think at Certain Point You’ve Made Enough Money”. He made 5.5 million last year. Plus he gets free room and board from the government with a free chopper to the golf course. More from Driscoll
"Where's our money?" The SEIU protest (h/t, Theo):
Thursday, April 29. 2010
 Neither an imminent 10-meter ocean level rise nor the prospect of a flooded basement deters the Fearless Al from this waterfront purchase.
So does anybody still think he really believes his nonsense? Yes, he is making ark-loads of $ from it but, even so, he is so on board that it would be too late for him to change his mind regardless of facts.
Like Al Sharpton and Tawana Brawley.
But "facts" and "evidence" are just patriarchal and racist tools of oppression anyway, aren't they? In this brave new world, we all get to pick our own facts, depending on how we feel or on which side our bread is buttered, and reality is a politico-socio-emotional construct. Isn't it?
Remind me to post my bit on "Psycho-utopianism" some time soon.
Re Goldman, from Cardinalpark at Tiger:
The one thing I thought the Goldman executives should have remarked, when questioned about their tactical short overlay to reduce their long exposure to the mortgage morket, would have been to add that, had they not gone net short, they very likely would have been in line testifying with Dick Fuld from Lehman Brothers. And I know which questioning, however ignorant, I would prefer to face.
Today, I am a proud Goldman alum.
Is Congress ignorant about how business works, or do they feign ignorance for populist, political purposes; boob bait for the bubbas? Hard to tell. For certain, the WH is ignorant, as Dino reminds us via this reposted IBD chart:
At Politico today: The Wall Street-Washington divide. My gut tells me it's all a big diversion.
 A fun Costco prank. Goat balls?
From The Crushing Patriarchy, Episode 12:
The assumption of a ‘natural’ 1:1 gender ratio in all occupations is itself a prejudice, albeit a modish one. On what basis do we determine that there ought to be a particular ratio of male and female philosophers, or mathematicians, or engineers? At what point and on what basis do we determine that a particular gender is sufficiently “represented” in a given vocation?
Ambinder: The Democratic Message for 2010
Teach Social Justice - Or Else
Obamacare Requires You To "Show Your Papers"
Why reporters are down on the President. And no presser for 10 months! Shocking.
Orszag explains how ObamaCare imposes rationing
Stealth Statehood for Puerto Rico?
Astroturf to support the Cult of Personality
Why Obama is going negative
Adler at Volokh likes Cape Wind. I think it is insane. These costly bird-shredding eyesores will never make money without taxpayer subsidies, and will never amount to a hill of beans as far as energy sourcing goes. Tax-subsidized feel-good baloney.
Wednesday, April 28. 2010
 City Journal: Preservation Follies - Excessive landmarking threatens to make Manhattan a refuge for the rich.
NASA doubts climate model certainty
BBC: Climate party is winding down
Competition for The Teaching Company: Free Yale intro courses on DVD
Yale bans student-faculty gay sex. (I assume gay sex is included in this.) What about platonic romance?
Why women wear make-up. Villainous
Just what we need: A new mental diagnosis. Computer Stress Syndrome.
Americans, if not Obama, know Israel's strategic value
There is little new in the Arizona law. When I enter a foreign country, I carry a passport. Whether you agree with the law or not, "illegal" means illegal. Americans understand that. Our friend Never Yet Melted sees it differently.
More People Figuring Out that Law School's a Bad Value
Stay away from Mexico
Big biz considering dumping their insurance. Quote:
I’d like to write this off to the law of unintended consequences, but that would be pure nonsense. Not only was this known as a probable outcome, but Democrats lied through their teeth when they denied it. It was and is completely intended. It is the companies, however, that will be demonized for doing precisely what Democrats hoped they’d do (or, one assumes, the penalty for not supplying health care would have been much higher and any tax on Cadillac plans much lower). Single payer, here we come.
From John's Demonizing Goldman Sachs:
I'm not a particular fan of either Goldman Sachs or Congress, but today's hearing confirms that, given a choice, I'd rather have Goldman Sachs regulating Congress than Congress regulating Goldman Sachs. Goldman's employees are much smarter, considerably more honest, and far more likely to have my interests at heart.
Palin:
“I’m sick and tired of Obama and the White House coming out with yet another new crisis that has to be fixed by government sticking it to the people and taking more of what we earn and produce. Instead of allowing our small businesses especially to keep what we earn… But see, to many in the White House including our own president, I don’t know when they’ve run a business. I don’t know when they’ve been a CEO where they had to look out for the bottom line and they had to make payroll and live within their own means with a budget. They’re from government. They’re community organizers. They’ve been spending other people’s money for so long that the free enterprise principles that all of us believe in, it’s all foreign to them.“
The grown-ups of Euroland do not want to further enable the PIGS (Portugal, Ireland, Greece, Spain) in their profligacy, but they are all tied together now, for richer or poorer.
Good summary in The NYT: Greek crisis poised to spread.
Also, good at Mead. He explains why we should care. I don't think Americans do care very much, unless they are in finance.
 Who he?
Dan is running in Southwestern CT against Jim Himes, who washed Chris Shays down the drain in the Obama win.
This November is a chance to remove Himes, a likeable ex-Wall Streeter but a Lefty Pelosi Dem, and to replace him with a new breed of bold Conservative.
Dan has an impressive resume, is an excellent speaker, and a personable fellow. We have met him several times.
He says:
I am running for Congress to restore the values of free enterprise and individual liberty to Washington. Fairfield County families want practical solutions on the economy, healthcare, and transportation. I will use my background as a businessman and a State Senator to implement new ideas to get our economy growing again and create jobs for our families.
All the answers coming out of Washington are for “more government”—whether bailing out banks, taking over auto companies, building record deficits for pork-barrel stimulus, or having government take-over our healthcare system. Our current Congressman, Jim Himes, has been a rubber-stamp for this big government agenda. I believe there is a better way. Through solutions that support small businesses and empower middle class families, I believe that we can get our country back on the right track.
He is trying a 3-day $30,000 money bomb. Send him a few bucks if you can. This could be the year for Blue State Conservatives.
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“We could have an ice age any time.”