A critique of the economic simplemindedness of its defenders. These people need to read Bastiat.
[Update later afternoon]
Todd Zywicki lays out the ugly story.
A critique of the economic simplemindedness of its defenders. These people need to read Bastiat.
[Update later afternoon]
Todd Zywicki lays out the ugly story.
But taking a day off to rest from my “vacation.”
Meanwhile, go read my CEI colleague Iain Murray’s thoughts on the hidden tax and the cost of federal regulations.
This big. Scary.
…explained at thirty-thousand feet. And our masters in Washington have no idea how destructive their idiotic policies are. Or perhaps they do.
[Update a few minutes later]
The Marxian worm. Which reminds me of the piece I wrote a while back: You just might be a Marxist.
[Update a couple minutes later]
It occurs to me for the first time that a cost-plus contract is intrinsically Marxist in nature. There is an implicit assumption that value is produced when the contractor is reimbursed for time and materials.
[Update a few minutes later]
An oldie but goody: Cultural Marxism.
Based on the Twitter feed, it looks like the committee continue to be (as Michael Mealling tweets) asshats, but at least it was an opportunity for Gwynne to explain costs to them. There are lies, damned lies, and Congressional cost estimates (note in comments at the link “Edgar”‘s analysis — I wonder if that’s Edgar Zapata?). I’ll be curious to see Jeff Foust’s report later, though we probably won’t see it until Monday, at The Space Review.
[Update a few minutes later]
More on the cooked books from Keith Cowing. I’m guessing the culprit is Ken Monroe, head staffer.
Remember the Bob Zubrin who cast scorn on the idea of propellant depots?
Well, now he has a new proposal:
Zubrin’s concept is, at its core, a space access subsidy program. Rather than spend billions on new launch vehicles, he envisions NASA instead spending a modest amount of money—he suggested $1.2 billion a year, about six percent of its current $18.5-billion annual budget—buying the most “cost-effective” launch vehicles available. That cost effectiveness would be some function of its price and payload capacity; Zubrin has a particular preference for SpaceX’s proposed Falcon Heavy, which could launch up to 53 metric tons into low Earth orbit (LEO) for as little as $80 million a launch.
NASA would then, in turn, resell that launch capacity to itself, other government agencies, and the private sector, at the artificially low price of $50 per kilogram, or about $2.65 million per fully-loaded Falcon Heavy. Those launches, he said, would take place on a regular schedule, regardless if the capacity on each vehicle is fully subscribed. “You don’t hold the train in the station until it fills up,” he explained. Any excess capacity would be filled with consumables like water, oxygen, and propellant, which could be stored on orbit for use by any interested parties.
Emphasis mine.
In what does he propose to store the propellants, if not depots?
I should note, though, to be fair, that he wrote the PJM stuff a few weeks ago, so it’s possible he’s changed his mind.
Obama administration policies are responsible for high gas prices.
If they really wanted to wreck the economy, what would they be doing differently?
He’s willing to tell Iowans that we must end not only ethanol subsidies, but farming subsidies in general.
[Update a few minutes later]
That’s not all:
“Later this week, I’m going to New York City, to tell Wall Street that if I’m elected, the era of bailouts, handouts, and carve outs will be over,” Pawlenty said. “No more subsidies, no more special treatment. No more Fannie and Freddie, no more TARP, and no more ‘too big to fail.’”
He’s also planning to go to Florida tomorrow and tell affluent seniors that “we will means test Social Security’s annual cost-of-living adjustment.”
“Conventional wisdom says you can’t talk about ethanol in Iowa or Social Security in Florida or financial reform on Wall Street,” Pawlenty said. “But someone has to say it. Someone has to finally stand up and level with the American people. Someone has to lead.”
I just hope this goes over better than Fritz Mondale’s promise to raise our taxes in 1984. I think, though, that if he can survive Iowa with the ethanol stand, these positions will stand him up well with the Tea Party.
A dismal sign that the people running the US government are determined to replicate it.
The priorities of the Obama administration and its Democratic allies are on display with every waiver granted. The list of beneficiaries in Mrs. Pelosi’s district, for example, belongs in an episode of “Lifestyles of the Rich and Famous.” Mrs. Pelosi, champion of the unions and no stranger to hypocrisy, has amassed a fortune as part owner of Napa Valley Auberge du Soleil resort – a luxurious nonunion shop. Now her luxury boutique colleagues also can benefit from her “do as I say” politics. The “four-diamond luxury” hotel Campton Place; Tru Spa, Allure magazine’s “best day spa in San Fransisco”; Boboquivari’s and its $59 porterhouse steaks; and Cafe des Amis, “a timeless Parisian style brasserie,” are among her beneficiaries.
The depth of corruption and mendacity of these people is unfathomable.