…that may doom Obama’s presidency. Happy talk about how many jobs Obama has created isn’t going to cut it in the face of numbers like this. It’s the most anemic recovery in decades, and it’s not going to get any better with the policies in place.
Category Archives: Economics
NASA’s Irrational Approach To Risk
Bob Zubrin asks how much an astronaut is worth. I don’t think that this is historically accurate, though:
The attempted Hubble desertion demonstrates how a refusal to accept human risk has led to irresponsible conduct on the part of NASA’s leadership. The affair was such a wild dereliction of duty, in fact, that O’Keefe was eventually forced out and the shuttle mission completed by his replacement.
That’s not how I remember it. I recall at the time that I thought, and even advocated, that O’Keefe step down, because he had demonstrated himself unable to do the job, being traumatized by having to tell the Columbia families and friends on the tarmac at KSC that their loved ones weren’t coming home, which is probably what caused his timidity about Hubble. But I’m aware of no evidence that he was “forced out” over the decision. I thought that he simply wanted out of the job and took the best offer that came along. The administration would have been loath to remove an administrator, knowing how hard it is to find a good one. Someone should write a letter to the Reason editor on this. Bob either needs to substantiate this with a credible citation, or the magazine should run a correction. Because I think it’s wishful thinking on his part.
[Update a few minutes later]
Bad link, it’s fixed now, sorry.
[Mid-afternoon update]
While I criticized O’Keefe at the time, I didn’t actually disagree with the Hubble decision at the time. The problem that I saw with it was that it was based on irrational criteria. All the focus was on astronaut safety, and no one seemed to be considering how disastrous it would be if we lost another orbiter. NASA had no shortage of astronauts, but there were only three birds left in the fleet, and we would have had to complete ISS with only two, if the program survived at all. Add to that the fact that we probably could have launched an improved Hubble replacement for the cost of the repair mission, and the decision to do it was irrational in its own way, driven by an emotional attachment to the telescope that had shown so many wonders over the past decade.
The Zero-Sum President
It’s just one more example of his profound ignorance of economics.
Obama’s Green Energy Albatross
What a disastrous policy.
What’s Wrong With Being A “Food-Stamp President”?
Don’t we need one?
Being Green
…means subsidies for the rich, and harm to the poor. Which is generally the result of crony socialism.
Larry Summers’ Economics Memo To Obama
Eleven stunning revelations. Actually, I’m not that surprised.May of them are what we’ve been saying all along.
The Solution To California’s Fiscal Problems
The California Monterey fields have four times the reserves of Bakken:
Harold Hamm (billionaire owner of Continental oil) estimates the Bakken oil field will produce six times (24 billion barrels) the oil of the EIA estimate. Harold Hamm also believes that the San Joaquin Monterey California fields are the next big horizontal drilling play.
So much for “peak oil.” Of course, the problem is that we don’t yet seem to have reached peak stupidity in Sacramento (or among the California electorate).
Egalitarianism
Collectivism isn’t a new, or “progressive” idea — it’s the oldest one in the world. Liberty is what’s new, only a couple hundred years old, but the reactionary Left wants to take us back to the past.
And read the whole thing, though it’s long. It’s quite interesting.
The “Energy President”?
It’s Obama’s first big campaign lie.
I fearlessly predict it won’t be his last.
[Early afternoon update]
Well, here’s a partial explanation for the Keystone decision. It benefits Obama crony Warren Buffet.