Tuesday, April 29, 2008

A Nation of Uneducated Adults

We have been talking about our lousy public schools now for some 30 years and to date nothing of much substance has been done to produce EDUCATED KIDS ready to work and think in the work force. What we are producing in many cases are young adults who have never grown up and worse cannot read, write and think properly. The following are excerpts from an opinion piece in the Wall Street Journal by William McGurn (WSJ READ).

"When Barack Obama's pastor was caught on tape accusing the government of inventing HIV for "genocide against people of color," it was dismissed as another crazy conspiracy theory – which of course it was. But what if the Rev. Wright had used his pulpit to direct a little fire-and-brimstone against a very real outrage: a public-school system that's depriving millions of children of the education they need to compete in the 21st century economy?"

"Scarcely half of American children in our 50 largest cities will leave their public schools with a high-school diploma in hand, according to a study released by America's Promise Alliance. These children are disproportionately African-American. Their homes are disproportionately located in our largest public school districts. And the failure is a scar on this great land of opportunity.

"...And of course, the teachers unions devote their considerable resources to fighting any measure that increases accountability or gives parents more options."

The Democrats won't fight for better schools - it's up to McCain. But is he up to the task to finally get our kids a first class K-12 education? The doctor's still out on this one. A nation filled with dummies who can't decide science from fiction as in the evolution or Creationism "debate", can't do math, or read Shakespeare, or write an essay will eventually see the twilight.

Monday, April 28, 2008

Obama/Clinton/McCain: Leave Us Free to Think and Act

Pete Dupont at WSJ has a scary scenario if we should be saddled with an Obama Presidency. Voter Beware! Do we want stagnation, increased poverty, lower trade with our friends and neighbors, less purchasing power, no growth and therefore less jobs? I would be very careful for whom you cast your ballot. This November will be the most important election in recent history: Besides Obama being the most liberal senator: "Add the announced retirement of six Republican senators and 29 Republican House members (compared with just seven House Democrats) and the Democrats are likely to control both the House and the Senate with much bigger majorities than they do today."

"Four significant public policy changes are certain: the size, scope and spending of the federal government will substantially expand; income taxes will go up; protectionism will replace free trade; and a commitment to global internationalism will saddle America with a broad Kyoto global warming agreement that, according to the U.N. Climate Treaty Secretariat, should exempt China and India.

"Hillary Clinton and Barack Obama have proposed increasing annual federal spending, respectively, by $226 billion and $303 billion – the Obama total being about a 10% increase. Neither of them as president would likely limit any spending – not entitlements, not earmarks, not farm subsidies."

" 'He is indeed a redistributionist,' said blogger and Obama supporter Andrew Sullivan after watching Mr. Obama's answer to a tax question in last week's presidential debate."

Is this what America wants? A redistributionist 'a la' Soviet Union? Vietnam? North Korea? We know what happened to the first two and the misery the North Koreans have to live under today!

Why don't our left leaning politicians ever learn the lesson that most Americans appear to have learned from history. Taking from the rich, increasing taxes, placing barriers to free trade by protectionist policies all lead to DEPRESSION as it did under Herbert Hoover (THE GREAT DEPRESSION-remember this?)

Now couple all of the above bad moves that an Obama (or Clinton) presidency would make with all the restrictions that would come about due to Global Warming regulations such as hindering our use of new coal and oil reserves and prohibiting the building of new coal and nuclear plants you have a recipe for self-inflicted poverty and backwardness.

There is only one solution to riding out the current downturn in our economy and that is to UNLEASH the power of private individuals, entrepreneurs - the thinkers and the doers - and allow them to do what they do best - create, build, solve, and bring into actuality a better world for all of us.

POLITICIANS - leave us free to think and act!

Saturday, April 19, 2008

Government's Job: Do Not dictate What My Values Are - Protect Them

Over at Forbes Dr. Yaron Brook from the Ayn Rand Institute writes that "government's job is not to dictate your values but to protect them". Wow! How dare this man say that our government cannot TELL us what to value! Why the nerve of him. We're just helpless pawns of life blindly following the whim of the moment! Of course government has to hold our hands and tell us what to value-how could we manage by ourselves? How could we live without the Nanny State? (Read the whole article here).

"They awaken in their highly mortgaged house (interest deduction), make breakfast for their adopted child (tax credit and exemption), then drive their hybrid cars (more tax credits) to work. John, at his office, signs a contract for solar energy panels (tax credit), but he turns down a promotion that would launch the couple into a higher tax bracket. Meanwhile, across town, Jane signs an application to get historic preservation status (tax credits) for her office building."

"...Tax policy works by attaching financial incentives to a long list of values deemed morally worthy. If you want to maximize your wealth come tax time--and who doesn't?--you must look at the world through tax-colored glasses, "voluntarily" adjusting your behavior to suit social norms and thereby qualifying for tax breaks. In this way, the social engineers of tax policy preserve the impression that you're exercising free choice, while they're actually dispensing with your reason and your judgment...

"Here's the point: Government's job is not to dictate your values but to protect them. In a free country, you choose values and then use your own money as a tool to achieve them. But a value-rigged tax policy reverses this cause and effect--it uses your money against you, bribing you with tax breaks that let you keep some of your earnings in exchange for abandoning your preferred values.

"Clearly, we have slid a long way downhill from this nation's founding, when political leaders respected individuals' ability to make rational decisions for themselves about how to pursue their own health, wealth and happiness. Today, it is commonly accepted that Uncle Sam has a right to reach not only into your wallet but into your soul, through tax policies that substitute some version of the "public interest" for your own rational desires."

Saturday, April 12, 2008

The Democrats, Lead by Pelosi, Reject Colombia At Our and the Region's Peril

By all accounts Colombia has made a remarkable transformation primarily by being tough on Narco traffiquers which are the local terrorists. Kidnappings, drug traffiquing and murder is down all due to the remarkable leader in that country, Alvaro Uribe. So how is it that the US congress is incapable of passing the Free Trade Agreement with this country so that tariffs will be lowered on our goods going into Colombia? Craven corruption.

Over at WSJ John Fund has a good column about how important this trade deal is to Colombia, to us and the region as far as a barrier to Chavez' designs on the rest of Latin America.

President Uribe made clear how disappointed he was that the Democratic front-runner had chosen domestic politics over geopolitical stability: "I deplore the fact that Sen. Obama . . . should be unaware of Colombia's efforts," he said in a statement. "I think it is for political calculations that he is making a statement that does not correspond to Colombia's reality."

The simple truth is that the opposition to the trade agreement--from the Democratic presidential contenders to House Speaker Nancy Pelosi--has nothing to do with reality. Rep. Charles Rangel, chairman of the House Ways and Means Committee, admitted as much recently: "It's not the substance on the ground--it's the politics in the air."

There was another period when raw politics was allowed to trump what many in Congress privately admitted was common sense. In the spring of 1930, as the economic downturn set off by the previous year's stock market crash set in, Congress was debating the Smoot-Hawley tariff bill that sought to raise U.S. import barriers to record levels.

Most of the leading economists of the day opposed Smoot-Hawley. A front-page New York Times headline on May 5, 1930, read: "1,028 Economists Ask Hoover to Veto Pending Tariff Bill." But for entirely selfish and shortsighted reasons, both Congress and President Hoover went along with the protectionist hysteria. As a result, the Great Depression was probably deepened and extended for years.

Today, another no-brainer trade vote is before Congress. The foreign-policy benefits of the agreement are immense and the economic costs are minimal. "This is a test of whether the Democratic Congress is ready to accept the responsibilities of the majority," says Norman Ornstein of the American Enterprise Institute.

Everyone plays politics with trade. But there are times when the stakes are too important. The Colombia agreement is another example of when politics must take a back seat for a larger good. We certainly know how Hugo Chavez is rooting for the congressional vote to turn out.

The Leftist and Their Hipocritical Bemoaning of Taxes

Isn't it funny to hear liberals in Hollywood like Streisand and Senators like Clinton decry that rich people should pay more taxes? It's not enough that 5 % of the top earners pay 60% of the taxes and the bottom 50 % pay 3% of the taxes (2005 figures) - the rich themselves cry out in anguish that "the rich should pay more taxes still. Well the left need not cry any longer - there is a solution in the making in Washington. Read this from the WSJ:

California Republican John Campbell yesterday introduced in the House his "Put Your Money Where Your Mouth Is Act," which would amend the tax code to allow individuals to make voluntary donations to the federal government above their normal tax liability. The bill would place a new line on IRS tax forms to make this easy.

Mr. Campbell says he has heard the "cries" of those wealthy Americans – Mrs. Clinton, Warren Buffett, Barbra Streisand – who reject the lower tax rates passed in 2001 and 2003 and complain that they and their fellow rich don't pay enough. "It's a great injustice that citizens wishing to fulfill their dream of paying more taxes cannot simply check a box on their 1040 form to make a donation," he says. His bill would give liberals a chance to salve their consciences without having to raise taxes on millions of Americans who already feel overtaxed as it is.
(read letter to Mr. Campbell in support of the "Put Your Money Where Your Mouth Is Act". This is at www.Nationaltaxpayersunion.org)

So why don't the rich pay more taxes? Who is stopping them? Is there a law against paying more than your "fair" share? Hypocrisy pure and simple since the rich ARE paying most of the taxes in America.

Friday, April 11, 2008

Senator Tom Coburn Demands Honesty From Fellow Senators

So that one does not get depressed and frustrated it helps to watch one of the good guys telling it like it is to these rascals in Washington who think nothing of spending our money as well as the money of future generations. Tom Coburn is a hero in my book. Go to www.Freedomtalks.org.

WATCH VIDEO

Tuesday, April 08, 2008

Obama Sells America to the Highest Bidder: The UN

We already know that Senator Obama is the most liberal senator in the US senate so are we surprised that this man has introduced the Global Poverty Act. Read Edward Cline's article at Capitalism Magazine if you want to get sick but also please write your reps and senators to oppose this piece of disgusting legislation which would hand us over to the likes of the United Nations. Also of note they are not putting this to a roll call vote but to anonymous voice vote and it's a bipartisan-sponsored bill!!!!! Why don't we just have a one party system like the Soviet Union was!! Please read Mr. Cline's article.

"Congress is proposing, in Barack Obama's Global Poverty Act (S.2433, based on H.R. 1302, passed by the House September 25, 2007), that Americans be delivered into a state of indentured servitude as laborers for the United Nations. Perhaps "indentured servitude" is too kind a term, for as horrendous a condition as it is, there is usually a time limit to such servitude.

"Slavery would be the more accurate term in this instance, for what Congress is considering is servitude by Americans in perpetuity, in exchange for nothing but the privilege of laboring to "save" the world without thanks or reward, of filling the alleged needs of others, of performing unlimited "community service" for the offense of merely existing.The not-so-peculiar and odd thing about H.R. 1302 was that it passed the House by voice vote. This is a stratagem adopted by legislators who fear that a bill is so outrageous that it is better that no record be kept of those who endorsed it. S.2433 was passed from the Senate Foreign Relations Committee in the same manner - by voice vote, without public hearings, to protect the identities of the guilty. It will probably be introduced to the Senate for a similar, anonymous voice vote -- by Harry Reid.

"There is a double irony in this behavior. First, S.2433 is a bipartisan-sponsored bill. This underscores the fact that there is no fundamental difference between the Democratic and Republican Parties. Second, it is a piece of legislation which, given the altruist, collectivist premises behind it, one would have thought its creators should have trumpeted boastfully. But it is being handled by corrupt, guilty, fearful sneaks who haven't the courage of their own malice."

READ HERE

Saturday, April 05, 2008

For Happiness and Progress You Need Reason Not Faith

Ibn Warraq has an insightful article "Why the West is Best" (City Journal) i.e. why it is better than any other place on earth. More than anything else, it is a state of mind which allows westerners the greater freedom to live their lives to the fullest. Alas, whereas we have thrown off the shackles of faith many parts of the globe have not and we see death, destruction and mayhem as a result. For happiness the basic ingredient is reason not faith.

"The great ideas of the West—rationalism, self-criticism, the disinterested search for truth, the separation of church and state, the rule of law and equality under the law, freedom of thought and expression, human rights, and liberal democracy—are superior to any others devised by humankind. It was the West that took steps to abolish slavery; the calls for abolition did not resonate even in Africa, where rival tribes sold black prisoners into slavery. The West has secured freedoms for women and racial and other minorities to an extent unimaginable 60 years ago. The West recognizes and defends the rights of the individual: we are free to think what we want, to read what we want, to practice our religion, to live lives of our choosing."

"In short, the glory of the West, as philosopher Roger Scruton puts it, is that life here is an open book. Under Islam, the book is closed. In many non-Western countries, especially Islamic ones, citizens are not free to read what they wish...

"One could characterize the difference between the West and the Rest as a difference in epistemological principles. The desire for knowledge, no matter where it leads, inherited from the Greeks, has led to an institution unequaled—or very rarely equaled—outside the West: the university. Along with research institutes and libraries, universities are, at least ideally, independent academies that enshrine these epistemological norms, where we can pursue truth in a spirit of disinterested inquiry, free from political pressures. In other words, behind the success of modern Western societies, with their science and technology and open institutions, lies a distinct way of looking at the world, interpreting it, and recognizing and rectifying problems.

"...Moreover, other parts of the world recognize Western superiority. When other societies such as South Korea and Japan have adopted Western political principles, their citizens have flourished. It is to the West, not to Saudi Arabia or Iran, that millions of refugees from theocratic or other totalitarian regimes flee, seeking tolerance and political freedom. ...

"A culture that gave the world the novel; the music of Mozart, Beethoven, and Schubert; and the paintings of Michelangelo, da Vinci, and Rembrandt does not need lessons from societies whose idea of heaven, peopled with female virgins, resembles a cosmic brothel. Nor does the West need lectures on the superior virtue of societies in which women are kept in subjection under sharia, endure genital mutilation, are stoned to death for alleged adultery, and are married off against their will at the age of nine; societies that deny the rights of supposedly lower castes; societies that execute homosexuals and apostates. The West has no use for sanctimonious homilies from societies that cannot provide clean drinking water or sewage systems, that make no provisions for the handicapped, and that leave 40 to 50 percent of their citizens illiterate.

"As Ayatollah Khomeini once famously said, there are no jokes in Islam..." (City Journal).

Friday, April 04, 2008

My Model is Right, It's the Real World That's Wrong



As the title implies (not my title but don't know who said this) scientists can be non-rational as well as anybody else especially when there is government money to be had. The "Real World" consists of constant fluctuations of temperatures that can last hundreds or even thousands of years. Below I have included just the most recent climates that earth went through. Remember George Washington and his crossing of the Delaware - yup the frozen Delaware River? There is a famous painting of the period depicting the large ice chunks. Doesn't look like fun for our own great General Washington does it?


"The Medieval Warm Period was a time of warm climate in Europe. The warmest part of the Medieval Warm Period was from about 950 until 1100 A.D. The warm climate overlaps with a time of high solar activity called the Medieval Maximum. The Medieval Warm Period occurred before the Little Ice Age, a time of cool climate in Europe and other places around the world. The graph on the left shows a reconstruction of average global temperatures over the past 1000 years with temperatures during the Medieval Warm Period similar to the first part of the 20th Century, cooler temperatures during the Little Ice Age, and dramatic warming in recent decades. The Medieval Warm Period was likely cooler than the past few decades.


According to some archaeologists, the Vikings may have been better able to explore and colonize many areas in Northern Europe while the climate was relatively warm during the Medieval Warm Period because there was less sea ice. They traveled by boats to Greenland among other places through seas that would later become blocked by sea ice during the Little Ice Age.
"(Read).

This natural warming of the planet resulted in growth and wealth. It was when the great cathedrals were built. This period was followed by "The Little Ice Age" which lasted four hundred years.


"For about five hundred years, from 1250 to 1850, most parts of the world experienced colder and harsher climates than usual. This time is called the Little Ice Age. During the Little Ice Age, average global temperatures were 1-1.5 degree Celsius (2-3 degrees Fahrenheit) cooler than they are today. The cooler temperatures were caused by a combination of less solar activity and large volcanic eruptions. Cooling caused glaciers to advance and stunted tree growth. Livestock died, harvests failed, and humans suffered from famine and disease." (Read).

Here are some cool websites for further investigation to arm yourself with facts to fight the biggest attempt at controlling mankind since Communism.

Global Warming Doomsday Called off

For fun go to Song about our Universe

To see how Gore totally misconstrues climate science go to:

Snowjob on Al Gore
To see the documentary The Great Global Warming Swindle: also here
Go here if you can't connect above.

Environmentalism - The New Communism and Threat to Liberty

I say that each American has the obligation to investigate this so called "Global Warming catastrophe" being pimped by the likes of Al Gore and Moore and see what the other side has to say. Something to remember that many scientists get government funding for their research especially climate research so it is to their benefit to come up with "proof" of the disaster that will follow "Global Warming". But I think Americans are smart enough to investigate this for themselves and see what the opposition has to say. The reason Mr. Klaus has such interesting comments on this topic is because he lived under Communism which was also all about controlling people and money. Let's put on our thinking caps folks and not let ourselves be hoodwinked into another form of communism or control.

Vaclav Klaus, the President of Czechoslovakia, has some inciteful answers to questions posed to him at The New Zealand Climate Science Coalition. The following are some of his comments.

"My ambition is not to bring additional arguments to the scientific climatological debate about this phenomenon. I am convinced, however, that up to now this scientific debate has not been deep and serious enough and has not provided sufficient basis for the policymakers’ reaction. What I am really concerned about is the way the environmental topics have been misused by certain political pressure groups to attack fundamental principles underlying free society. It becomes evident that while discussing climate we are not witnessing a clash of views about the environment but a clash of views about human freedom.

"As someone who lived under communism for most of my life I feel obliged to say that the biggest threat to freedom, democracy, the market economy and prosperity at the beginning of the 21st century is not communism or its various softer variants. Communism was replaced by the threat of ambitious environmentalism. This ideology preaches earth and nature and under the slogans of their protection – similarly to the old Marxists – wants to replace the free and spontaneous evolution of mankind by a sort of central (now global) planning of the whole world.

"The environmentalists consider their ideas and arguments to be an indisputable truth and use sophisticated methods of media manipulation and PR campaigns to exert pressure on policymakers to achieve their goals. Their argumentation is based on the spreading of fear and panic by declaring the future of the world to be under serious threat. In such an atmosphere they continue pushing policymakers to adopt illiberal measures, impose arbitrary limits, regulations, prohibitions, and restrictions on everyday human activities and make people subject to omnipotent bureaucratic decision-making. To use the words of Friedrich Hayek, they try to stop free, spontaneous human action and replace it by their own, very doubtful human design."(READ THE REST HERE). (Also go here). For some real cool videos go here.

Saturday, March 29, 2008

Hillary Would Bring the US to a Major Slowdown and Impoverish Us All

* Free trade deals would end
* 100 billion dollars new spending on children 0-5 years of age from nutrition to prenatal to child care to food stamps.
* Raising the dividend tax, capital gains tax and increasing the highest income tax rates.

She would be a big spender on the order of LBJ or FDR and with the increases in income tax rates she will make us all poorer and unable to compete on the world stage.

We must have a leader who will free us from burdensome taxes and not impoverish our great nation. Hillary ain't that leader. She is a socialist down to her core.

What America needs is a flat tax which 22 countries now have and a lower corporate tax of which we have the second highest in the world. With Hillary's plan to spend a gazillion dollars on her 20 year old pet project "It Takes a Village" to have the government take care of our children, it will only add to our non-competitiveness in the world market place.

Colombia Seeks to Replicate the Irish Miracle – We Should Encourage That

Mary Anastasia O’Grady always has interesting reports from Latin America. She was interviewed by Kelsey Hubbard at the Wall Street Journal (Listen). Colombia has been run by a very pro growth ambitious government and they looked around the world and decided that the Irish Miracle was something they wanted to replicate. To do this they need three things to happen:

1. The Colombian politicians need to lower the corporate taxes down to 12.5%. This would attract foreign investments. This would result in less tax evasion and encourage foreign investment.

2. Colombians recognize that in order to grow they need to wipe out the guerrillas that are really nothing more than narcotraffickers/kidnappers but at the same time they realize they need to alleviate the dire poverty that a large percentage of their population live with.

3. They need to convince the US democrats who are threatening to kill the Free Trade Agreement with Colombia to instead approve the FTA. This would allow Colombia access to US markets and reduce tariffs which are always a barrier to trade.

The least the US democrats could do is to allow a good friend and neighbor of ours to grow by approving the Free Trade Agreement.

Tuesday, March 25, 2008

Why does the West Pay Special Attention to the Terrorists in Gaza?

The Historian, Victor Davis Hanson has a pointed article about the never-ending spectacle of the Gazan Freak Show of death and destruction. Why do we focus so much attention on these people?

The Tired Gaza Two-Step
by Victor Davis Hanson

...On the world front, we've reached a new threshold in which evoking the destruction of Israel and the killing of Jews has become commonplace and almost acceptable. Hezbollah's leader, Hassan Nasrallah, publicly brags about hoarding the body parts of captured Israelis. Iran's President Mahmoud Ahmadinejad openly talks of Israelis in Hitlerian terms as "filthy bacteria" that should be wiped off the map.

Palestinians in Gaza can enshrine mass murderers and praise terrorist killers without much worry that the world will be appalled at their grotesque spectacles — much less cease its sympathy and subsidies.

And what a world it is that enables Gaza! The Russians have fought a dirty war against Muslim separatists in Chechnya. The Chinese have been hunting down Muslim separatist Uighurs who claim Xinjiang Province as their own. India wages bloody periodic wars against Muslim terrorists who claim Kashmir.

Imagine tomorrow that all of the above nations told the Gazans that their dispute is no more or less important to the world than similar land quarrels in Cyprus or Azerbaijan; that they are no more or less deserving of international money and sympathy than are the Chechnyans or Uighurs or the Muslims of Kashmir; or that the Israelis have as much right as the Chinese, Indians or Russians to retaliate and put down neighboring Islamist attacks. Then the crisis would shortly recede from the world's attention.

And Hamas in Gaza would either begin negotiating and building Palestinians' own civil society — or face the sort of typical Chinese, Russian or Indian retaliation that Israel is quite able to unleash. READ HERE

Can We Really Claim Victory in Iraq?

Not according to Elan Journo at the Ayn Rand Institute. With the 5th anniversary of Bush's war having come and gone we must ask ourselves what have we accomplished in the Middle East. Iran, the fountainhead of terrorism, is still there, intact and America has lost 4000 soldiers in a war that doesn't seem to have an end in sight. Isn't there another way to fight this and get it over with once and for all?

You Call this "Victory"?

March 24, 2008 by Elan Journo
Irvine, CA--In Congress, on the campaign trail, and across America, many have accepted a strangely favorable view of what President Bush's war policies have accomplished.
Conservatives regard his "surge" as a master stroke and celebrate what Senate majority leader Mitch McConnell calls the "extraordinary progress that has been made in Iraq." The popular sense that the war is going well is at least part of the story behind the comeback of McCain, whose support for Bush's policies initially dragged him down.

Democratic candidates Clinton and Obama both concede that the "surge" has worked and grudgingly quibble about the slow pace of political reconciliation among Iraqis.

"But the idea that we're nearing 'victory' in Iraq is a fantasy," said Elan Journo, resident fellow at the Ayn Rand Institute. "Iraqis may now be butchering each other a bit less often, but Bush's war policy has done nothing to protect Americans."

"Cheerleaders of the President's policy focus myopically on whether insurgents have been kicked out, for the time being, from one street in one neighborhood of Baghdad. But the only rational benchmark for the war's success is whether it has made the lives of Americans safer from the threat of Islamists. Our security depends on how we're doing in the face of the global enemy, the ideological movement of the jihadists, which is widely popular and sponsored by states such as Iran.

"Far from working to defeat the enemy, Bush's war policy has been, not to defeat the jihadist forces, but to show 'compassion' to Iraqis and Afghans, to raise them out of poverty and give them elections. Bush's policy has left the enemy undefeated and empowered."

It is not Washington, but the hostile Iranian regime that can definitely claim to have scored "successes" thanks to Bush's policies, argues Mr. Journo. "As the leading sponsor of Islamist hostility and terrorism, Iran has grown stronger in the face of Washington's inaction. Iran arms insurgents in Iraq and jihadists across the region in attacking Americans. And Iran has won enormous power over Iraq. (CONTINUE READING HERE).

Copyright © 2008 Ayn Rand® Institute. All rights reserved.

Monday, March 24, 2008

The Fairytale of Ethanol

Over at Capitalism Magazine I came across one of Walter Williams' incisive articles from March 12 "Archer Daniels Midland, Big Corn and The Ethanol Hoax". Folks I think we've been hoodwinked by big business in cahoots with government. But then I knew that environmentalists (read Al Gore) and government forcing this ethanol fairytale on Americans instead of allowing the marketplace to work things out would slap us in the face one day. And sure enough now you can stop wondering why prices are so high at the grocery store.

When you take good crop land that once was growing tomatoes, potatoes, cotton, vegetables and fruit and grow corn on it because of government induced incentives to do so, it doesn't take a degree in economices to figure out that the cost of our food would be rising. So now it's not just gasoline prices that are high because the government and environmentalists won't let us drill for new oil, but the very basic necessities of life are gobbling up more and more of our money.

"Ethanol is 20 to 30 percent less efficient than gasoline, making it more expensive per highway mile. It takes 450 pounds of corn to produce the ethanol to fill one SUV tank. That's enough corn to feed one person for a year. Plus, it takes more than one gallon of fossil fuel -- oil and natural gas -- to produce one gallon of ethanol. After all, corn must be grown, fertilized, harvested and trucked to ethanol producers -- all of which are fuel-using activities. And, it takes 1,700 gallons of water to produce one gallon of ethanol. On top of all this, if our total annual corn output were put to ethanol production, it would reduce gasoline consumption by 10 or 12 percent."

"Ethanol is so costly that it wouldn't make it in a free market. That's why Congress has enacted major ethanol subsidies, about $1.05 to $1.38 a gallon, which is no less than a tax on consumers. In fact, there's a double tax -- one in the form of ethanol subsidies and another in the form of handouts to corn farmers to the tune of $9.5 billion in 2005 alone...

"Ethanol production has driven up the prices of corn-fed livestock, such as beef, chicken and dairy products, and products made from corn, such as cereals. As a result of higher demand for corn, other grain prices, such as soybean and wheat, have risen dramatically. The fact that the U.S. is the world's largest grain producer and exporter means that the ethanol-induced higher grain prices will have a worldwide impact on food prices.

"It's easy to understand how the public, looking for cheaper gasoline, can be taken in by the call for increased ethanol usage. But politicians, corn farmers and ethanol producers know they are running a cruel hoax on the American consumer. They are in it for the money. The top leader in the ethanol hoax is Archer Daniels Midland (ADM), the country's largest producer of ethanol. Ethanol producers and the farm lobby have pressured farm state congressmen into believing that it would be political suicide if they didn't support subsidized ethanol production. That's the stick. Campaign contributions play the role of the carrot...(Read the complete article here)

Sunday, March 23, 2008

Using Your Grandma for Political Gain

As soon as I heard Obama's line that his white grandmother was afraid when she crossed a black man on the streets, I instinctively thought - this just did not ring true. At the time this alleged incident occurred he was living with his white grandmother and his white mother in Hawaii. Hawaii? The state with the most ethnically diverse people? Something's not right in the state of Obama's thoughts.

Thomas Sowell has called Obama's Philadelphia speech "a theatrical masterpiece" and it is surely that. The man is a word smith and a crafter of sentences. But should he be the Presidential nominee for the Democratic party? That's a very important question for the Democrats.

"...Someone once said that a con man's job is not to convince skeptics but to enable people to continue to believe what they already want to believe. Accordingly, Obama's Philadelphia speech -- a theatrical masterpiece -- will probably reassure most Democrats and some other Obama supporters. They will undoubtedly say that we should now "move on," even though many Democrats have still not yet moved on from George W. Bush's 2000 election victory. Like the Soviet show trials during their 1930s purges, Obama's speech was not supposed to convince critics but to reassure supporters and fellow-travelers, in order to keep the "useful idiots" useful."

"Best-selling author Shelby Steele's recent book on Barack Obama ("A Bound Man") has valuable insights into both the man and the circumstances facing many other blacks -- especially those who were never part of the black ghetto culture but who feel a need to identify with it for either personal, political or financial reasons. Like religious converts who become more Catholic than the Pope, such people often become blacker-than-thou. For whatever reason, Barack Obama chose a black extremist church decades ago -- even though there was no shortage of very different churches, both black and white -- in Chicago. Some say that he was trying to earn credibility on the ghetto streets, to facilitate his work as a community activist or for his political career. We may never know why. But now that Barack Obama is running for a presidential nomination, he is doing so on a radically different basis, as a post-racial candidate uniquely prepared to bring us all together..." (READ)

Getting High on Government Bailouts - An Addiction

Alex Epstein, an analyst at the Ayn Rand Institute has a clear, tough hitting article on the WHY of what is happening today to our financial institutions. The question I want an answer to is why our government has not learned it's lesson regarding meddling in the market place?

The main idea? Government meddling in our markets is always bad .

The diseases? 1. An addiction-to taxpayer money worse than crack cocaine
2. government manipulation of interest rates and money supply

The result? Inflation-the devourer of wealth.

Lesson? "Taxpayer bailouts breed market disasters".

Cure? Allow the market the freedom to correct itself by learning the hard lessons of bad decisions - in this case low interest loans to bad-credit borrowers.

"For decades our government has had a semi-official policy that large financial institutions are too big to fail — and therefore must be bailed out when they risk insolvency — a policy that creates perverse incentives for them to take on far more risk than they otherwise would. “Too big to fail” is implemented through a network of government bodies that protect financial institutions from the long-term consequences of their decisions at taxpayer expense — a phenomenon we can observe right now. Consider Bear Stearns! ...

"Consider Countrywide, a major subprime money loser just acquired by Bank of America. Private lenders have not been willing to grant Countrywide the tens of billions of dollars it sought to keep afloat, given the company’s huge and difficult-to-measure subprime exposure. In a free market, bankruptcy would loom — but in our system, Countrywide and others can turn to the government-backed Federal Home Loan Banks for cash; these banks have lent Countrywide over $70 billion so far. According to The Wall Street Journal, these banks specialize in “providing funding where other creditors won’t go” — which they can do because of “a widespread belief the government would bail them out [with taxpayer money] in a crisis.” ...

"Still another item on the bailout menu is provided by the Federal Reserve. Today and throughout history, when major financial institutions are losing money, the Fed uses its power to manipulate interest rates and the money supply so that banks can borrow cheaply — giving them easy money with which to paper over their old mistakes. Again, it is other taxpayers who pay — in this case, through inflation. Inflation depletes Americans’ hard-earned savings; the trend of skyrocketing housing and commodity prices we have witnessed during the last five years is just the latest and most obvious harm done by our government’s inflationary actions. ...


"The combined effect of these and other bailout policies is to make risk-taking less risky for large financial institutions — because true failure is not an option. ... (Read)

Alex Epstein is an analyst at the Ayn Rand Institute, focusing on business issues.

Saturday, March 22, 2008

North-West Passage was Open in the 1940's - Oops The Global Warming Crowd Forgot to Tell us That

Roy Spencer has an interesting article regarding the fact that ...

"Contrary to what you have been led to believe, there is no solid published evidence that has ruled out a natural cause for most of our recent warmth – not one peer-reviewed paper. The reason: our measurements of global weather on decadal time scales are insufficient to reject such a possibility. For instance, the last 30 years of the strongest warming could have been caused by a very slight change in cloudiness. What might have caused such a change? Well, one possibility is the sudden shift to more frequent El Niño events (and fewer La Niña events) since the 1970s."

"That shift also coincided with a change in another climate index, the Pacific Decadal Oscillation.
The associated warming in Alaska was sudden, and at the same time we just happened to start satellite monitoring of Arctic sea ice. Coincidences do happen, you know…that’s why we have a word for them.

"We make a big deal out of the “unprecedented” 2007 opening of the Northwest Passage as summertime sea ice in the Arctic Ocean gradually receded, yet the very warm 1930s in the Arctic also led to the Passage opening in the 1940s. Of course, we had no satellites to measure the sea ice back then." Read here and here.

Wednesday, March 19, 2008

Obama Can't Hide What He Truly is Regardless of a well written Speech

Wright showed the world what he is - a racist and worse a person unwilling to give up America's racist past. He never acknowledged that in earlier times half the world was enslaved to the other half and this included blacks enslaving whites and other blacks! If black America wants to focus on slavery it should not be American slavery, we're past that. They should focus on black on black slavery in Africa and Asian slavery.

The fact that Mr. Obama stayed in Wright's church and considers him his mentor and spiritual leader says a lot about Obama - and it ain't positive. It says that he harbors grudges and thoughts that a President of the United States should not have.

Saturday, March 15, 2008

McCain's Gotta Get a Philosophy

Peggy Noonan while always an interesting writer can be a bit verbose. But she poses a very important question...Just what does McCain stand for? And she appropriately asks what is his underlying philosophy that guides his actions. Does he have a philosophy?

...You know what he has in his favor. He's gentleman Johnny McCain, hero, maverick. He has more knowledge on national defense in his pinky than the others will have, after four years in the White House, in their entire bodies. He's the one who should be answering the phone at 3 a.m. ...

...He has positions, but a series of separate, discrete and seemingly unconnected stands do not coherence make. Mr. McCain, in public, does not dig down to the meaning of things, to why he stands where he stands, to what understanding of life drives his political decisions. But voters hunger for coherence, for a philosophical thread that holds all the positions together. (Read)

A MAVERICK is defined as an independent individual who does not go along with the group or party. The etymology of this word is super interesting: Samuel A. Maverick (died 1870) was an American pioneer who did not brand his calves. Well, does McCain have a brand unifying all his actions, just as a rancher has a brand unifying and identifying his property. We'll have to see if he can make a coherent umbrella of thought under which we can predict his actions. I am still hoping to see the leader on the conservative side who stands up for Capitalism, freedom and individual rights on a moral and consistent basis: freedom of speech, freedom from onerous taxation, freedom from government mandates and regulations.

Americans hunger for a man of principle - consistent principles- not the fly by the seat of your pants kind of "principles". Ayn Rand explained the crucial role that principles play in the life of a man or of a nation when she wrote:

"A principle is 'a fundamental, primary, or general truth, on which other truths depend.' Thus a principle is an abstraction which subsumes a great number of concretes. It is only by means of principles that one can set one's long-range goals and evaluate the concrete alternatives of any given moment. It is only principles that enable a man to plan his future and to achieve it.

"The present state of our culture may be gauged by the extent to which principles have vanished from public discussion, reducing our cultural atmosphere to the sordid, petty senselessness of a bickering family that haggles over trivial concretes, while betraying all its major values, selling out its future for some spurious advantage of the moment.

"To make it more grotesque, that haggling is accompanied by an aura of hysterical self-righteousness, in the form of belligerent assertions that one must compromise with anybody on anything (except on the tenet that one must compromise) and by panicky appeals to "practicality". "

Ms Rand wrote this in 1966 in her essay The Anatomy of Compromise in "Capitalism: The Unknown Ideal". Not much has changed has it...