Category Archives: Political Commentary

What Did Geithner Not Know?

…and when did he not know it? And a bonus — “heckuva job, Timmy!”

I think I hear the bus starting to warm up its engine in preparation for its next victim.

By way of the AllahPundit we learn that TIME has been told that the Fed flagged the AIG bonuses to Treasury on Feb 28, ten days before word percolated to Geithner. What an operation – Geithner was at the NY Fed working with Hank Paulson on these bailouts, was brought to Treasury to provide continuity, and now has forgotten everything prior to Jan 20, 2009. Geithner needs to bring on some senior staffers so he can fire someone. Inshallah.

…FREUD IS EVERYWHERE: I know they are a bit down on Obama just now but this reflexive Bush-bashing from the Chi Trib blog is ridiculous:

This appears to be a case where the government’s right hand didn’t know what the left was doing. Treasury Secretary Tim Geithner learned only last week about the bonuses, according to the Bush Administration.

Yes, we all miss Ari and Dana and what’s his name. But since this is the Obama Administration let me offer an editing suggestion: “This appears to be a case where the government’s left hand didn’t know what the far left hand was doing.” Just trying to help.

Maguire is a one-man wrecking crew on this story.

The Problem Is Bigger Than Them

Jim Manzi has some useful thoughts:

Commentators on both the Left and Right seem to think that if only we could get the right person to take over these companies and clean up the financial mess, everything would be OK. All it takes is somebody competent and honest, because the answers are so obvious. A rotating series of scapegoats has been created. Paulson? Fool. Geithner? Moron. Liddy? Stooge. It’s funny how their idiocy didn’t seem to surface so much in their prior careers.

Maybe the issue isn’t with the men we’ve selected, but with the problem we’ve asked them to address. Some problems don’t have solutions. The American electorate seems to be intent on re-learning the lesson that how to effectively manage socialized means of production is one of them. The tuition for this course tends to be pretty steep.

I’m sure that Liddy is deeply regetting that he took the job, particularly given the (lack of) financial compensation. The notion that a government, or any one person, is smart enough to run an economy is what Hayek called the fatal conceit.

[Update early evening]

James Pethokoukis:

It’s cliché to say there’s a lot of blame but going around — but there is a lot of blame to go around.

Everywhere you turn in this mess, you can find government right there. To say this is a private-sector failure is ridiculous. It’s like Forrest Gump, where he keeps showing up at historic moments. Everywhere you look in this mess, again and again, you see government.

The most infuriating thing about these clowns, both in Washington and the press, is how a non-existent free market and “deregulation” keeps getting falsely blamed for this as an excuse for bigger government and more regulation.

Fun With Teleprompters

Somehow this seems appropriate:

A laughing Mr Obama returned to the podium to take over but it seems the script had finally been switched and the US president ended up thanking himself for inviting everyone to the party.

Well, who else should he have thanked? He is The One, after all.

And I agree with this:

Imagine if George W. Bush had such a crutch and pulled a monster gaffe like this. It would be played 24/7 on television until the end of time.

For some strange reason, the networks refuse to release video of this great moment in hilarity.

This reliance on his TelePrompter is just embarrassing.

Mr Obama is an accomplished orator but is becoming known in America as the “teleprompt president” over his reliance on the machine when he gives a speech.

Who considers him a great orator other than his slobbering media sycophants? Any time the man has to utter more than two sentences off script he becomes The Wizard of Uhhhs.

We know that it would have been shown endlessly had it been George Bush.

Why Are Spacers Libertarians?

I’ve given up on bothering with the Elhafnawy piece any more. As Jim Bennett notes:

Why would anybody take Elhafnawy seriously? His representation of both the market-oriented space side of the argument and what he defines as “conservatives” are wildly atypical of either community.

It particularly strains credulity that he would represent Nicholson Baker, a whackadoodle pacifist with serious perception-of-reality problems, as any kind of “conservative.” There’s the definition of conservative that’s been in use in the English-speaking world for the past century or so, which is to say, preserving the values that support a constitutional representative political system with a market economy, and then there’s Elhafnawy’s definition. Elhafnawy should just invent a word, maybe (typing at random, here) “dhziuueybdcnma” or ” uaygsrabsjdbue” to represent whatever he is using the word “conservative’ to describe, and let the rest of us use the words of the English language as they are generally understood.

Not only “wildly atypical,” but completely unsubstantiated. If this were an academic paper, given its anecdotal quality (except it only has one actual anecdote, with an unnamed source), it would be tossed out. One has the feeling that he wanted to do a Diane Fosse thing, a sort of “spacers in the mist,” but couldn’t be bothered to actually document his observations. At least Fosse and Jane Goodall named names.

But for the two or three people who are on the edge of their seats, here’s my thesis.

It’s genetic.

OK, not quite that simple, but it’s true. I was born to think space is important. Now I don’t mean that it’s genetic in the sense that my whole family, or even any of my ancestors share my views, and passed them on to me. They didn’t and don’t. If they did and do, that would in fact be more of an argument that it’s environmental (we were all brought up to believe this) but we weren’t. I wasn’t. I was born this way, as surely as I was born an extreme heterosexual. I know other spacers who are the same way — no one else in their family is into space, no one taught or told them they should be, and yet they are.

Thus, it’s some weird recessive, or a mutation.

Which makes sense, given that there aren’t very many of us. There aren’t very many explorers in general. If everyone was out exploring all the time, nothing else societally useful would get done.

This is my explanation for “progressives” (such as Ferris Valyn or Bill White) who betray their ideology by supporting human expansion into space. 😉

Now, having said that, there is a political component, and a reason why there are an inordinate number of libertarians in the space movement (and space enthusiasts in the libertarian movement, with a significant overlap). I discussed it years ago, back in the early days of this weblog (no need to follow the link — I’m reposting in entirety):

As a follow up to today’s rant over our “allies” in Europe, over at USS Clueless, Steven den Beste has an excellent disquisition on the fundamental differences between Europe and the U.S. They don’t, and cannot, understand that the U.S. exists and thrives because it is the UnEurope, that it was built by people who left Europe (and other places) because they wanted freedom.

I say this not to offer simply a pale imitation of Steven’s disquisition (which is the best I could do, at least tonight), but to explain why I spend so much time talking about space policy here. It’s not (just) because I’m a space nut, or because I used to do it for a living, and so have some knowledge to disseminate. It’s because it’s important to me, and it should be important to everyone who is concerned about dynamism and liberty.

And the reason that it’s important is because there may be a time in the future, perhaps not even the distant future, when the U.S. will no longer be a haven for those who seek sanctuary from oppressive government. The trends over the past several decades are not always encouraging, and as at least a social insurance policy, we may need a new frontier into which freedom can expand.

Half a millenium ago, Europe discovered a New World. Unfortunately for its inhabitants (who had discovered it previously), the Europeans had superior technology and social structures that allowed them to conquer it.

Now, in the last couple hundred years, we have discovered how vast our universe is, and in the last couple decades, we have discovered how rich in resources it is, given will and technology. As did the eastern seaboard of the present U.S. in the late eighteenth century, it offers mankind a fertile petri dish for new societal arrangements and experiments, and ultimately, an isolated frontier from which we will be able to escape from possible future terrestrial disasters, whether of natural or human origin.

If, as many unfortunately in this country seem to wish, freedom is constricted in the U.S., the last earthly abode of true libertarian principles, it may offer an ultimate safety valve for those of us who wish to continue the dream of the founders of this nation, sans slavery or native Americans–we can found it without the flawed circumstances of 1787.

That is why space, and particularly free-enterprise space, is important.

And current events are not very encouraging with regard to the direction of the country. A significant number of people (though not, I think, despite the recent election results, a majority) want to Europeanize us. If it happens, there’s nowhere to go but up.

[Update early afternoon]

(“Progressive”) Ferris Valyn is soliciting ideas for a(nother) Netroots Nation discussion on space over at Kos (he really should get his own site). I find the “more progressive than thou” food fight in comments pretty amusing.

[Friday afternoon update]

I have a follow-on post here for anyone interested.

I Feel Much Safer Now

The new administration is disarming the pilots.

The Bush administration was pathetic on this issue, too, but not this bad.

Anyway, stupid bureaucrats are stupid bureaucrats, whatever party is in power.

[Noon update]

Maybe not:

…this sounds to me like either the Times just whiffed this one massively oooooor the White House did want to do something like that and the trial balloon got shot down very fast by a core constituency.

Let’s hope.

[Bumped]

Turnabout Is (More Than) Fair Play

I agree with the AIG execs — Congress should resign or commit sepuku:

“In all candor, I don’t know why they’re so exercised by some bonuses. These pathetic excuses for politicians cost the taxpayers trillions of dollars and, worst of all, they’re still in power.”

Of course, in order to do that, one must have some sense of shame. Or honor. I don’t see any evidence of that in the likes of Chris Dodd or Barney Frank.

The Tea Parties

Explained:

The demonstrations, scattered all over the nation, are patterned after the anti-tax Boston tea party of the 18th century, and just may grow in the face of anger over $165 million in bonuses given to the executives of an insurance company sucking up taxpayer billions in a rescue package.

As obnoxiously avaricious as these AIG contractual bonuses were, it is authoritarian, unconstitutional overreach for the government to try to block them at this point. Obama does not care. He shares the blame for anger at the executives, having railed repeatedly and demagogically against economically insignificant CEO salaries, and now that this public fury is turning in his direction, his administration is making it clear it is perfectly happy to throw the rule of law overboard.

For all his articulateness and gift for oratory, this president seems to be spending his time in the Oval Office walking into walls. He has botched up more things in two months in office than most presidents manage over two terms, amply illustrating the campaign charge that his inexperience equipped him for next to nothing.

Here’s hoping that the honeymoon is over.