As many commentators have noted, there is an aroma of fear hovering about the White House these days: the stale, acrid scent of panic. Some of us have known all along that Obama, the community organizer miraculously elevated to the U.S. Senate for a few months before he erected some Greek columns and talked his way into the U.S. Presidency, some of us, I say, have known all along that he hadn’t a clue. Now it seems that even he is getting uncomfortable inklings. In the beginning Obama emitted an aura of that some identified as an aura of confidence; really, it was an aura of entitlement — along with what the President himself a while back identified as “bluff.” Are you the sort of person who likes empirical reminders?
Thoughts on Obama’s latest deficit-increasing blather from Jim Geraghty:
We’re a $14 trillion economy that makes everything from timber to jumbo jets to firearms to smart-phone apps to Hollywood movies to every food product under the sun. The notion that some grab bag of tax credits and federal grants is going to kick-start a hiring binge to put 14 million Americans back to work or that the economy is one tax credit for hiring veterans away from recovery is laughable.
The recession we’ve endured for the past three years is far from normal, and yet we keep getting the normal Keynesian responses. I realize I’m about to offer blasphemies and shockers on par with Rick Perry’s Ponzi-scheme comparison, but what if Obama was wrong last night, and a big issue is that some of the people of this country do not, in fact, work hard to meet their responsibilities? What if decades of a lousy education system have left us with a workforce that has too many members with no really useful skills for a globalized economy? What if way too many college students majored in liberal arts and are entering the workforce looking for jobs that will never exist? What if the massive housing bubble got Americans to condition themselves to work in an economy that’s never coming back? (How many realtors are unemployed right now?) What if we have good workers who can’t move to take new jobs because they’re underwater on their mortgages and can’t sell their house?
That’s just crazy talk. (No link because it’s from his morning email.)
Alan Boyle of MSNBC will be interviewing me in Second Life tonight on Virtually Speaking Science at 6 PM SL time (PDT). Here’s the SLURL for SLers: http://slurl.com/secondlife/StellaNova/228/226/38
This is the promo:
Alan Boyle talks with Rand Simberg
As MSNBC.com’s science editor, Alan runs a virtual curiosity shop of the physical sciences and space exploration, paleontology, archaeology and other ologies that strike his fancy. Alan is the author of “The Case for Pluto,” a contributor to “A Field Guide for Science Writers,” and the blogger behind Cosmic Log, the 2008 recipient of the National Academies
Communication Award.
Rand Simberg describes himself as ‘just a recovering aerospace engineer.’ The Competitive Enterprise Institute describes him as ‘an expert on space technology and policy, particularly with regard to NASA and commercial human spaceflight.’ He writes widely about the politics and economics of space exploration. Read him in Popular Mechanics and Transterrestrial Musings – Biting Commentary about Infinity and Beyond! Watch him on YouTube. | Listen live and later on BTR
And yes, it will probably conflict with the Republican debate.
Card and Krueger proudly announced the repeal of the most fundamental law of economics: “Our empirical findings challenge the prediction that a rise in the minimum reduces employment. Relative to stores in Pennsylvania, fast food restaurants increased employment by 13 percent.” Except they didn’t. Their data, gathered by telephone survey, turned out to be “so bad that no credible conclusions can be drawn,” another study concluded. Other economists used actual payroll data instead of a phone survey and found just the opposite: the state-mandated pay hike reduced employment.
“Let’s hope that labor economist Alan Krueger, as he assumes his new position as Chief Economist to the President, remembers that demand curves really do slope downward,” Perry concludes.
Once again, it appears that Obama has hired the best incompetence that money can buy.
When it comes to economics, it’s the Democrats that are anti-science. Especially on the dismal one.
In Argentina, everyone acknowledges that fascism, state capitalism, corporatism – whatever – reflects very leftwing ideology. Eva Peron remains a liberal icon. President Obama’s Fabian policies (Keynesian economics) promise similar ends. His proposed infrastructure bank is just the latest gyration of corporatism. Why then are fascists consistently portrayed as conservatives?
Because the Left are always historical revisionists. They have to be to sucker the next generation of rubes.
