Category Archives: Business

Pegging The Crapometer

Andrew Klavan applies the probes to the president.

It’s not like it’s anything new. He’s been talking crap ever since he started running for president (if not his entire career). The only difference is that now, when people can compare his promises and rhetoric to his actual actions, they’re starting to really notice:

The Rasmussen Reports daily Presidential Tracking Poll for Friday shows that 30% of the nation’s voters now Strongly Approve of the way that Barack Obama is performing his role as President. Thirty-eight percent (38%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -8 (see trends).

Just 25% believe that the economic stimulus package has helped the economy.

…Overall, 49% of voters say they at least somewhat approve of the President’s performance. Today marks the first time his overall approval rating has ever fallen below 50% among Likely Voters nationwide. Fifty-one percent (51%) disapprove.

I don’t see anything in sight to arrest the trend. He doesn’t seem to realize that people are starting to see through him. The only thing that has been propping him up (as it did during the campaign) is continued fawning from the media.

Why Michigan Is In Such Deep Trouble

Because it’s run by idiots:

Having required state utilities to generate 20 percent of their electricity from more expensive wind sources (a similar program in Denmark has driven power rates to 30 cents per kWh compared with Michigan’s current 8.5 cents), Democrats now may require the same utilities to cut their bills by 20 percent.

You heard that right: Granholm will require utilities to provide costlier energy — and cap the prices customers pay for it. Does anyone in the Michigan Democratic party know basic economics? They plan to artificially prop up demand at the same time as they artificially restrict supply: the only way to square that circle is to ration the product.

California, here we come! Can you say “rolling blackouts?”

Of course, it will continue until Michigan voters stop reelecting such creatures.

I find it telling that the president thinks that she’s “one of the best governors in the country.” Because he’s an economic ignoramus as well.

Because Unemployment Isn’t High Enough, Yet

Michigan Democrats want to raise the state minimum wage to ten bucks an hour. This is economically criminal behavior. It will further devastate black youth in Detroit, Flint and Saginaw. Flint’s official employment rate is almost thirty percent.

And meanwhile, the red fox has returned to Detroit. Moose won’t be far behind, if they want to walk across the Mackinac Bridge.

Some Madoff Thoughts

With this more generally applicable opening:

A rule we can rely on to be unfailingly applied is this: No matter how much the government controls the economic system, any problem will be blamed on whatever small zone of freedom that remains. This of course is evidence of a rigged game. The government can’t possibly monitor and regulate absolutely every transaction that takes place in a country. Stalin and Hitler couldn’t do it by a long shot. So anything that displeases the ruling regime can easily be laid at the doorstep of freedom and be used as an excuse for stamping out whatever traces of liberty still exist.

The other part of the rigged game is to have so many laws that it is almost impossible to get through a day without violating one or another, making every citizen a subject of the state, vulnerable at all times to prosecution on unrelated issues if she doesn’t toe the state line.

Obama As Health-Care Salesman

He sux.

Who knew we were electing a national mother-in-law? And get a chance to endure increased taxes for the privilege. Obama’s supposed to be rallying support from voters, not castigating them. Outside the S& M parlor, most people do not enjoy paying to be disciplined.

What’s amusing is that his acolytes (including some in this very blog’s comments) are just as bad, because they use the same dumb arguments.

No surprise. The only thing he’s ever really been able to sell is himself. He may be the most spectacular example of the Peter Principle in world history.

[Update a few minutes later]

Uh oh:

When we first saw the paragraph Tuesday, just after the 1,018-page document was released, we thought we surely must be misreading it. So we sought help from the House Ways and Means Committee.

It turns out we were right: The provision would indeed outlaw individual private coverage. Under the Orwellian header of “Protecting The Choice To Keep Current Coverage,” the “Limitation On New Enrollment” section of the bill clearly states:

“Except as provided in this paragraph, the individual health insurance issuer offering such coverage does not enroll any individual in such coverage if the first effective date of coverage is on or after the first day” of the year the legislation becomes law.

So we can all keep our coverage, just as promised — with, of course, exceptions: Those who currently have private individual coverage won’t be able to change it. Nor will those who leave a company to work for themselves be free to buy individual plans from private carriers…

…It took just 16 pages of reading to find this naked attempt by the political powers to increase their reach. It’s scary to think how many more breaches of liberty we’ll come across in the final 1,002.

You can see why these fascists object to the notion of reading bills.

[Update late morning]

The civil war among the Democrats:

Blue Dogs had aired their complaints last week in a letter to Pelosi that caused her to delay the rollout of the bill until Tuesday. But when the bill was introduced, they felt Pelosi and the committee chairmen who wrote the legislation hadn’t taken their concerns into account.

That led to a tense session between Pelosi and Blue Dogs at the group’s regular Tuesday meeting hours after the rollout.

“The meeting did not go well. She just kept saying it was a good bill,” said one Blue Dog.

“There is a growing perception among many of us that our leadership meets with us but doesn’t listen to us,” said another Blue Dog.

What do you expect? She’s a moron. And I hope that she’ll continue to lead them…to a massive defeat next year.

[Noon update]

A modest proposal:

I propose that the government impose a single-payer system on the legal profession. Instead of charging private fees, all attorneys would have to send their bills to LegalCare, a new agency in the federal government. Because the government can bargain collectively, they can impose rational fees for legal services instead of the exorbitant billing fees attorneys now charge. Three hundred dollars an hour? Thing of the past. Everyone knows that the government can control costs through price-setting; now we can see this process applied to the legal system, where the government has a large interest in seeing cost savings.

How will we pay for LegalCare? I take a page from the House surtax method here, which will disproportionately hit doctors in a wide variety of disciplines. In this case, I propose a 5.4% surtax on lawyers, judges, lobbyists, and political officeholders at the state and federal level. They’re the ones who have enriched themselves through this inequity in the legal system. After all, why should we all have to pay for the single-payer legal system when we can penalize lawyers instead?

I think we need a big-bang solution that can integrate a solution to the health-care and legal-care crises.

[Update after 3 PM]

The public-option scam:

Some statements are inherently unbelievable. Such as: “I am an official of the government of Nigeria, and I would like to deposit $60 million in your bank account.” Or: “I’m Barry Bonds, and I thought it was flaxseed oil.” And this new one: “I’m Barack Obama, and I favor more competition in health insurance.”

They must think we’re stupid. And unfortunately, judging by the election results last fall, it might not be a bad bet.

[Update a few minutes later]

A shocking development — honesty from someone in Washington, from the CBO, of all places.