I think that pretty much sums up this administration’s approach to governance. Fortunately, there’s a federal judge who is willing to call it like it is, and defend the constitution.
Category Archives: Economics
More Projection From The Left
Cavuto: “Where did you get your degree? At a baking school?”
Blackwell: “You’re an a**hole.”
Just A Coincidence, I’m Sure
Since the beginning of the recession (roughly January 2008), some 7.9 million jobs were lost in the private sector while 590,000 jobs were gained in the public one. And since the passage of the stimulus bill (February 2009), over 2.6 million private jobs were lost, but the government workforce grew by 400,000.
I think it’s exactly what they wanted to happen. Have to keep those public union people employed so they can keep providing the campaign cash. Especially when they can pass laws to shut down the opposition.
The Gulf Economy Is Saved
At least temporarily. A federal judge has struck down the idiotic and mendacious drilling moratorium.
My prediction: the lamestream media and the administration will attempt to make hay out of the fact that Judge Feldman is a Reagan appointee. I expect them to appeal, unfortunately. But at least the ban is lifted for now, or will be in thirty days.
[Update a few minutes later]
They’ve already said they’re going to appeal. But I don’t think they can get it reinstated until they win the appeal, if they do (and I suspect they won’t). I wonder if they’ll try to get the appellate court to take it as an emergency case? No, I don’t really. You know they will.
Too Big To Fail?
Will there be a federal bailout of California? As a Californian, I’m firmly on record as opposing it, so don’t get mad at me when they pick your pocket to prop up our public-employee unions. If I were Whitman, I’d be running on a platform of abolishing them.
Apollo Is Over
…and the day of public/private partnerships in space has arrived. See also Sam Dinkin’s article on individuals and individualists picking up the slack. Like some of the Japanese soldiers holed up on remote Pacific islands after the war, though, Apollo Cargo Cultists will continue to fight a rear-guard action.
The Failure Of The Stimulus
Medvedev For President
Russia is getting rid of the capital gains tax. But President Obama doesn’t think that’s fair.
Great Schemes Don’t Work
Some thoughts on the impending collapse of the euro, and how much the UK may end up on the hook regardless of the fact that they kept sterling. I found this part interesting, though:
Again and again in politics, great schemes don’t work – Soviet Communism, for example, and now the euro. Rational people tend to conclude that, because a scheme doesn’t work, it will quickly stop. Unfortunately, rational people are wrong. Bad political schemes are usually given up only when they have been tested literally to destruction. It would be much better for Europe if the euro had never happened, and I long for it somehow to fade away, but the process of destruction will be horrendous, and it is only just beginning.
I think that we were seeing the same thing with Constellation and NASA’s five- and ten-year plans. Interestingly, the Founders didn’t have a great scheme, because they understood that they don’t work. That’s why they wrote a constitution of limited government. Unfortunately, the great schemers have managed to circumvent it over the past two and a third centuries. Their great scheme is on the verge of collapse, as well, and as usual, all will pay, guilty and innocent alike.
Now That’s Desperation
North Korea is finally turning to the free market? I don’t understand why. I was under the impression that the government was indifferent to starvation.