Clark Lindsey has a roundup.
It’s funny to read this old post from almost a decade ago (in which I first proposed the Astronaut Glove Challenge), and see how little has changed.
Category Archives: Economics
College Costs
Why they’re about to plunge.
Good news for the country, and education, but bad news for all those about to fall off the gravy train.
The ObamaCare Train Wreck
Thoughts from Richard Epstein.
Even its supporters are having trouble excusing it. Read this from Ezra Klein.
Hey, it’s not like this wasn’t perfectly predictable, and predicted.
[Update a while later]
Was the site crash caused by rate shock?
[Update a few minutes later]
Wow, even the New York Times is becoming racist:
“These are not glitches,” said an insurance executive who has participated in many conference calls on the federal exchange. Like many people interviewed for this article, the executive spoke on the condition of anonymity, saying he did not wish to alienate the federal officials with whom he works. “The extent of the problems is pretty enormous. At the end of our calls, people say, ‘It’s awful, just awful.’ ”
Interviews with two dozen contractors, current and former government officials, insurance executives and consumer advocates, as well as an examination of confidential administration documents, point to a series of missteps — financial, technical and managerial — that led to the troubles.
It’s almost like these people think politics is more important than actually competently running the government.
Tavis Smiley
…says that blacks are worse off after five years of Obama.
Why is Tavis Smiley such a racist?
The Perverse Incentives Of ObamaCare
Yes, by all means, you should earn less money:
This, right here, is the toxic essence of the welfare state. It’s already been proven over and over that for the lower classes, welfare incentivizes permanent dependence: Since one gets more money receiving a raft of federal entitlements than one would get earning a salary at a low-level job, it’s a rational economic decision to remain unemployed, on purpose. Which millions of Americans do, generation after generation, creating a permanent underclass that only consumes the common treasury without ever contributing anything to it.
What Obamacare does, as demonstrated by this eye-opening article, is bring the same economic disincentive to the middle class: It is now a rational economic decision for the average American to earn less money. And to earn less you must work less, and when you work less, you contribute less to the common good.
With people intentionally contributing less to the common good, there will be less federal money available to finance the subsidies (which are fiscally unaffordable even without this problem), leading to an unavoidable downward economic spiral for the entire nation.
That’s OK. Remember, the president told us that, at some point, you’ve earned enough money. He’s just lowering that point.
Damning ObamaCare With Faint Praise
Even its supporters are struggling:
Wing and Young have set up quite a straw man, taking ObamaCare opponents’ most exaggerated fears and exaggerating them even further.
They set up a straw man on the other side of the debate as well. The article opens with the “concession” that “the Affordable Care Act isn’t perfect. . . . Like most laws, Obamacare never will be perfect.” (That “most” is a nice touch. One wonders if they have an example in mind of a law that is perfect.) But we don’t recall anyone promising that ObamaCare would be perfect. What Obama and his backers promised was that it would be very, very good–that it would provide “universal” (or nearly so) coverage while reducing costs and maintaining or improving the quality of medical care.
Now, however, Wing and Young dramatically scale back that promise, describing ObamaCare as an “ambitious reform effort meant to make a dent in the nearly 50 million Americans who currently lack health insurance.” Again, that’s a contradiction in terms: It was in fact “ambitious,” but it would not have been so if it meant only to “make a dent.”
This is all by way of setting a very low standard for evaluating ObamaCare, one that will ensure it will be judged a “success” as long as it doesn’t destroy America. But the meat of the article is actually an indictment of ObamaCare, at least if one applies a reasonable standard of asking whether on balance it is a good piece of legislation.
It’s not. It’s an awful piece of legislation, perhaps the worst in history. At least recent history. Which is no surprise, when you consider the manner in which it was passed.
Marginal Success In Delaying Aging
Even that is better than cancer or heart-disease research.
But that’s still not where the funding priority is.
[Update a few minutes later]
A simple pill to cure Alzheimers?
Faster please. Though it looks like it would only prevent further damage, not necessarily reverse it. But even that would be a huge breakthrough.
Healthcare.Gov
What went wrong?
I imagine there was a dialogue last Monday afternoon that went something like this:
FRONT-END DEVELOPER: Why does the username have to have a number in it?
BACK-END DEVELOPER: It’s in the government username regulations. Didn’t you read them?
FRONT-END DEVELOPER: No, we don’t do accounts, we just hand the input to you.
BACK-END DEVELOPER: And we told you your front-end the input was no good! See the ErrEngineDown in the URL?
FRONT-END DEVELOPER: Fine, fine. Sigh. Nice to finally talk to you, by the way.
BACK-END DEVELOPER: Yeah, you too. Are you in D.C.?
FRONT-END DEVELOPER: San Francisco.
BACK-END DEVELOPER: Know any good jobs in D.C.? I hate this place and they’re furloughing me as soon as we fix this mess.
Each group got its piece “working” in isolation and prayed that when they hooked them together, things would be okay. When they didn’t, it was too late. It is entirely possible that back-end developer CGI is primarily at fault here, but no one will care because they just see that the whole thing doesn’t work. As you learn early on in software development, there is no partial credit in programming. A site that half-works is worse than one that doesn’t work at all, which is why the bad error handling is so egregious. You always handle errors.
The country’s in the very best of hands.
[Update a few minutes later]
The roll out was nothing short of disastrous:
The left likes to flatter itself as thinking in terms of reason, facts, expertise, openness to doubt, and scorn of dogma and magical thinking.
Is this anywhere close to true?
When experts told the Obama Administration it was a fact the website was not ready, did they take seriously this advisement?
Nope! They simply said there was no cause for alarm; the strange gods of the left would just sort everything out.
Oddly enough, they didn’t.
It’s almost like they’re not quite as brilliant and rational as they’re always telling us they are.
And then there’s this. That’s right, Sheila Jackson Lee, who thinks that the Apollo astronauts went to Mars, thinks that the solution to the government shutdown is martial law. Meanwhile, the good lefties over at The Atlantic are more measured. They just want to have the Speaker of the House arrested.
It’s almost like they have a will to power, or something. And of course, as always with the left, when they accuse the “right” of this sort of thing, it’s projection.
[Update a few minutes later]
OK, so just what are CGI Federal’s ties to the administration? You’d be a fool to think there are none.
ObamaCare’s Broken Promises
…pile up:
To recap, then: Before, during, and after passage, Americans were promised that Obamacare was going to lower premiums for “everyone” (the goal of merely maintaining premiums being too modest); it was not going to interfere with anybody’s health care or health insurance if they already had it; and it was not going change anybody’s patient-doctor relationship. The message was unmistakable: All the government wanted to do was extend health insurance to people who didn’t have it. This wouldn’t affect you. No need to worry. Period. Move along.
In addition to the totally partisan nature of this thing, one of the other many things that distinguishes it from previous entitlements is the many grandiose lies that were told about it to sell it, going back to the president’s first campaign.
The ObamaCare Financial Unraveling
It was both entirely predictable, and predicted.
Speaking of which, Bruce Webster has some interesting thoughts on the thermocline of truth.