Category Archives: Political Commentary

Media Criticism, Political Commentary

The Politics Of Amnesia

4 Comments

Put her under oath:

Maybe, for instance, the speaker doesn’t remember that in September 2002, as ranking member of the House Intelligence Committee, she was one of four members of Congress who were briefed by the CIA about the interrogation methods the agency was using on leading detainees. “For more than an hour,” the Washington Post reported in 2007, “the bipartisan group . . . was given a virtual tour of the CIA’s overseas detention sites and the harsh techniques interrogators had devised to try to make their prisoners talk.

“Among the techniques described,” the story continued, “was waterboarding, a practice that years later would be condemned as torture by Democrats and some Republicans on Capitol Hill. But on that day, no objections were raised. Instead, at least two lawmakers in the room asked the CIA to push harder.”

Or maybe the speaker never heard what some of her Democratic colleagues were saying about legal niceties getting in the way of an effective counterterrorism strategy.

“Unfortunately, we are not living in times in which lawyers can say no to an operation just to play it safe,” said Democrat Bob Graham, chairman of the Senate Select Committee on Intelligence during the 2002 confirmation hearing of Scott Muller to be the CIA’s general counsel. “We need excellent, aggressive lawyers who give sound, accurate legal advice, not lawyers who say no to an otherwise legal opinion just because it is easier to put on the brakes.”

Also, Scooter Pelosi. The thought of this incompetent hack and liar being third in line for the presidency would be more frightening if the imbecilic Joe Biden weren’t number two. How did we end up with such a government?

[Update late morning]

The country’s in the very best of hands.

Business, Economics, Political Commentary

Busted

The country’s in the very best of hands:

The cavalier use of brute government force has become routine, but the emerging story of how Hank Paulson and Ben Bernanke forced CEO Ken Lewis to blow up Bank of America is still shocking. It’s a case study in the ways that panicky regulators have so often botched the bailout and made the financial crisis worse.

In the name of containing “systemic risk,” our regulators spread it. In order to keep Mr. Lewis quiet, they all but ordered him to deceive his own shareholders. And in the name of restoring financial confidence, they have so mistreated Bank of America that bank executives everywhere have concluded that neither Treasury nor the Federal Reserve can be trusted.

Boy, that’s not a very flattering picture of Hank Paulson. Looks like Darth Vader without the mask.

Business, Economics, Political Commentary, Science And Society, Technology and Society

There’s Something Missing

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So the president made (or is making) a speech before the NAS today in which he proposes to increase spending for “science,” and R&D (I wonder if he understands that these are different things?).

Well, no surprise there. Increasing spending is his first resort to every conceivable problem (except when it comes to defending the nation). But do you not see what I don’t see?

Obama said he plans to double the budget of key science agencies over a decade, including the National Science Foundation, Department of Energy Office of Science and the National Institutes of Standards and Technology.

He also announced the launch of the Advanced Research Projects Agency-Energy. It is a new Department of Energy organization modeled after the Defense Advanced Research Projects Agency, that led in development of the Internet, stealth aircraft and other technological breakthroughs.

Look, Ma, no space agency! No mention of NASA at all. This, combined with the continuing absence of an administrator or White House direction, makes me wonder just where space falls in the priorities of this administration.

But actually, what I find much more disturbing is this:

“I believe it is not in our character, American character, to follow — but to lead. And it is time for us to lead once again. I am here today to set this goal: we will devote more than 3 percent of our gross domestic product to research and development,” Obama said in a speech at the annual meeting of the National Academy of Sciences.

Let’s leave aside the arbitrariness of setting a percentage goal at all (why 3%? Why not 2.5% or 5%?). Let us also ignore the fact that at the rate things are going, there’s not going to be much of a GDP to have a percentage of, and that the $420B number makes some optimistic estimates.

Why set the goal as a percentage of GDP? Why not as a percentage of the federal budget, something over which a president and a government has at least theoretical control? The implication is that he doesn’t just preside over the government and its spending priorities, but that he commands the entire national economy, and can, should and does dictate how others are to spend their own money, which apparently is no longer their own money. It implies a conceit of omniscience on the part of him and his advisors about how much we should be spending on R&D as a function of domestic product, and how we should be spending it, when he has no useful control over what non-governmental entities are spending.

Or does he? Just what does he have in mind?

Oh, and note the latest gratuitous slap at the previous administration, without which, apparently, no Obama speech is complete:

In recent years, he said, “scientific integrity has been undermined and scientific research politicized in an effort to advance predetermined ideological agendas.”

He then drew chuckles, commenting: “I want to be sure that facts are driving scientific decisions, not the other way around,” Obama said.

Yes, there will be no predetermined ideological agendas in an Obama administration.

Right.

Oh, one other thing. I don’t have the time to run the numbers right now, and it obviously depends on how you categorize things, but I’d wouldn’t be surprised if we don’t already spend more than 3% of the GDP on R&D. It’s just not being spent the way The One wants it to be spent.

[Update a few minutes later]

This brings to mind some thoughts that I had last summer on the ability to command and control R&D, with bad Apollo analogies.

[Late afternoon update]

One of Clark Lindsey’s readers makes a good point about the non-mention of NASA:

Perhaps, as the reader suggests, if NASA had not dropped most of its R&D in favor of funding a handful of giant development projects like Ares I, it would get more backing for such activity.

Of course, Ares 1 is R&D, technically speaking. But almost all other, more diverse and certainly more useful R&D has been sacrificed to fund it. But somehow, I actually doubt that this is the reason for the apparent oversight. It think it’s just an oversight.

[Update a few minutes later]

OK, NASA didn’t go entirely unmentioned. He did repeat the flawed Apollo analogy again (it’s one of his favorites), and then said this:

My budget includes $150 billion over ten years to invest in sources of renewable energy as well as energy efficiency; it supports efforts at NASA, recommended as a priority by the National Research Council, to develop new space-based capabilities to help us better understand our changing climate.

That little whirring windy sound you hear is my upright forefinger twirling around and around.

Whoopee.

Business, Economics, Media Criticism, Political Commentary

Good News On The Electorate

3 Comments

Support for a free-market economy is high, and increasing:

Seventy-seven percent (77%) of U.S. voters say that they prefer a free market economy over a government-managed economy. That’s up seven points since December.

The latest Rasmussen Reports national telephone survey also found that just 11% now prefer a government-run economy, down from 15% four months ago.

Funny what a few months of seeing a government attempt to run an economy can do. The other encouraging news is that the support is even stronger (though probably within the margin of error) among voters under thirty. “Capitalism” gets less support, but it’s good to see that people make a distinction. The other interesting result is the number of people who recognize that big business tends to capture the regulators, while free markets are better for small business:

Seventy percent (70%) of voters believe that big business and big government are generally on the same team working against the interests of consumers and investors.

A plurality of voters (46%) say that small businesses benefit more from free markets than big business. Thirty-five percent (35%) hold the opposite view. Most Democrats think big businesses benefit more from free markets, while most Republicans and unaffiliated voters say small businesses are more likely to benefit.

By a 62% to 23% margin, voters also believe that small businesses are hurt more by regulations than big business. This finding is likely driven by public understanding of the way Congress works. Earlier surveys found that 68% say most business leaders contribute to political campaigns primarily because the government can do so much to help or hurt their business.

Which just shows, once again, the result of government, and particularly the federal government, having too much power. And, as would be expected, Republicans and Independents are more sensible on this than Democrats, who (conveniently) fantasize that small business does better under more regulation. Mark Steyn has some related thoughts:

There was an old joke in Britain: “Why is there only one Monopolies Commission?” In fact, it’s a profound observation about the nature of government. We wouldn’t like it if there were only one automobile company or only one breakfast cereal, but by definition there can only be one federal government – which is why, “when the Government’s monopolizing”, it should do so only in very limited areas.

This isn’t an abstract philosophical point, but a very practical one. Fans of big government take it for granted that Barack Obama, Timothy Geithner, Barney Frank and a couple of other guys can “run” the financial sector better than 8,000 US banks all jostling for elbow room like bacteria in a petri dish. Same with the auto industry, and the insurance industry, and the property market, and health care, and “the global environment”. The skill-set required to run a billion-dollar company is the province of very few individuals. The skill-set required to run a multi-trillion-dollar government is unknown to human history.

And speaking of not understanding how economies work, Instapundit has an observation on the president:

…when Obama says “We’re not producing enough primary care physicians,” he’s making a mistake. We don’t produce doctors. They’re not widgets. People choose to become doctors — or something else — based on their analysis of what will produce the best life. Medicine has gotten less pleasant, and less financially rewarding, really, over the past several decades as it’s become more bureaucratized and subject to the whims of third-party payors. So will Obama’s plan fix that? Seems doubtful. Will he recognize that you don’t produce doctors the way you produce, say, cars? That’s doubtful, too.

Of course, as James Joyner points out, we don’t exactly have a free market in the medical profession, either.

[Update a few minutes later]

You already knew this, but Eleanor Clift and Jim Warren are economic morons. Not to mention Obama sycophants. It’s a perfect illustration of Rasmussen’s gap between the voters and the Washington elite.