We’ve come a long way.
Category Archives: Business
California High-Speed Land Grab
Despite the fact that the project is essentially dead, the state is continuing to move forward with eminent domain.
4K Televisions
Why you shouldn’t buy one this year.
In addition to the standards issues, I don’t think there’s much content yet.
Derailing High-Speed Rail
I’m glad that the idiotic project is dead, but it should have died for sensible reasons, instead of being strangled by California’s (and the federal government’s) own red tape:
Our legal systems are increasingly so cumbersome, so slow and so expensive that they are a serious drag on productivity and growth. Just as teachers unions oppose reforming public schools that cost too much and do too little, professors and administrators fight to preserve a dysfunctional university system, and a multitude of vested interests drive up costs in the health system, the “legal system lobby” is more interested in the financial health and social power of its members than in the public good.
The whole system, both in California and in DC, needs an overhaul.
The Bad-Faith Presidency
If he were awoken at 3 a.m. and told he had to make the case for nationalizing the banks by denying he was nationalizing the banks, he would do an entirely creditable job of it, even without a TelePrompTer. The salesmanship for Obamacare represents in microcosm the larger Obama political project, which has always depended on throwing a reassuring skein of moderation on top of left-wing ideological aims.
All politicians are prone to shaving the truth, giving themselves the benefit of the doubt and trying to appear more reasonable than they are. Obama has made it an art form. Bad faith is one of his signal strengths as a politician, and makes him one of the greatest front men progressivism has ever had.
He will never admit his deep bias toward the growth of the federal government for its own sake, or that he doesn’t care that much if Iran gets the bomb, or that he is liquidating the American leadership role in the Middle East. No, no—he is just trying to make government work, giving diplomacy a chance and pivoting to Asia, respectively.
It’s a shame more people didn’t catch on the the con last year.
High-Speed Rail
Here’s hoping that this is the death blow:
California Gov. Jerry Brown can not spend state bond revenues on President Obama’s signature transportation project until the state can identify how they will pay for the entire $68 billion project, a California court ruled Monday. The decision almost certainly spells death for the project.
This August, Superior Court Judge Michael Kenny ruled that the California High Speed Rail Authority (CHSRA) “abused its discretion by approving a funding plan that did not comply with the requirements of the law.”
Abusing their discretion to not comply with the law is what Democrats do. Fortunately, they haven’t completely packed the judiciary. Yet.
ObamaCare As A Cost Cutter
An Underwater Hotel
A new one.
I think they’ll find, as they did in Key Largo, that they’ll have to put curtains on the windows for those people who aren’t exhibitionists, and don’t want the dolphins to watch them copulate.
The Starship Enterprise
ObamaCare isn’t one:
The technocratic idea is that you put a bunch of smart, competent people in government — folks who really want the thing to work — and they’ll make it happen. But “smart, competent people” are not a generic quantity; they’re incredibly domain-specific. Most academics couldn’t run a lemonade stand. Most successful entrepreneurs wouldn’t be able to muster the monomaniacal devotion needed to get a Ph.D. Neither group produces many folks who can consistently generate readable, engaging writing on a deadline. And none of us would be able to win a campaign for Congress.
Yet in my experience, the majority of people in these domains think that they could do everyone else’s job better, if they weren’t so busy with whatever it is they’re doing so well. It’s the illusion of omnicompetence, and in the case of HealthCare.gov, it seems to have been nearly fatal.
Remember, Obama was a better speech writer than his speech writers, knew policy better than his policy advisors, would make a better chief of staff than his chief of staff. He is the Dunning-Kruger effect personified.
ObamaCaliforniaCare
As is noted there, Krugman told us Enron was working fine, too.