“No One Is Going To Bail Out America”

Some sobering thoughts on the financial future. We have to get spending (particularly entitlements) under control. And socialized health care is one of the worst things we could do in that regard.

[Update a few minutes later]

Some thoughts on the disaster that was the New Deal:

The New Deal tripled taxes, which meant consumers had less money to spend and employers had less money for hiring; a number of New Deal laws made it more expensive for employers to hire people, which also meant less hiring; New Deal soak-the-rich taxes discouraged investment, and it’s almost impossible to create private-sector jobs without investment.

Other policies hurt Americans in other ways. Several New Deal laws banned discounting, when desperate people needed bargains; the New Deal authorized the destruction of food when people were hungry; the New Deal established hundreds of cartels and monopolies; the New Deal centralized the power of the Federal Reserve, and the Fed’s first major policy decision was a blunder that brought on a crisis within a crisis (the depression of 1938); the New Deal broke up the strongest banks and did nothing about laws that prevented thousands of banks from diversifying their depositor bases and their loan portfolios (Canada didn’t have these laws, and it went through the Great Depression without a bank failure).

Unfortunately, we just put a lot of people in power who want to (or at least claim to want to) do it over again.

Iowahawk’s Crystal Ball

He has his 2009 wrap-up early this year:

MARCH

Controversy erupts over new David Beckham ad for Calvin Klein underwear after embarrassed football star admits “accidentally” stuffing briefs with a potato; “I didn’t know it was supposed to go in the front,” says Becks

Stocks cautiously rebound on strong earning reports from Sterno, GunMart, American Hobo Supply

I liked the Superbowl prediction as well.

Blogroll

As you can see, I’m starting to rebuild (and update) my old blogroll over on the left. It’s going to be a long, painful process, though. Also, the link widget in WordPress seems to just alphabetize both links and link categories, so I can’t get it to present the links in the order desired (does anyone know if there’s a way around this?). If you have a space web site that I didn’t have on the old one, it might be a good time to post it in comments here, where I can collect them for eventual inclusion.

“Anything But Cole”

Martin Kramer explains why you shouldn’t vote for Juan Cole’s blog (assuming that you were even considering doing so). The professor really is a piece of work, and makes me ashamed to be a Michigan alumnus.

[Afternoon update]

The problem with the “ABC” strategy is that it dilutes the anti-Cole vote, perhaps giving him the victory. As I noted in comments over at Michael Totten’s post on the subject:

Michael, the only problem is that by not encouraging people to coalesce around one of the non-Juan blogs, he’s likely to win by vote dilution of the “neocons” (yes, scare quotes deliberate). Perhaps you and the other competitors should go check out the poll at some predesignated time, see which of you is leading, and then “give up your delegates” to that blog via an endorsement for any remaining voters to prevent such dilution.

“A Nanny State On Steroids”

(Doctor) Paul Hsieh explains why lovers of freedom should fear “universal health care”:

Government attempts to regulate individual lifestyles are based on the claim that they must limit medical costs that would otherwise be a burden on “society.” But this issue can arise only in “universal healthcare” systems where taxpayers must pay for everyone’s medical expenses.

Although American healthcare is only under partial government control in the form of programs such as Medicaid and Medicare, American nanny state regulations have exploded in recent years.

Many American cities ban restaurants from selling foods with trans fats. Los Angeles has imposed a moratorium on new fast food restaurants in South L.A. Other California cities ban smoking in some private residences. California has outlawed after-school bake sales as part of a “zero tolerance” ban on selling sugar products on campus. New York Gov. David Paterson has proposed an 18 percent tax on sugary sodas and juice drinks, and state officials have not ruled out additional taxes on cheeseburgers and other foods deemed unhealthy.

These ominous trends will only accelerate if the US adopts universal healthcare.

But how could it be a nanny state on steroids? That’s probably one of the first things that will be banned…

Who Will Replace Mike?

I think that it’s pretty much a fait accompli that someone will, and probably in less than three weeks. On The Space Show on Sunday, David Livingston asked me if I’d heard any rumors who might be the next administrator. I told him that the only name that I’d heard (and not from any off-the-record discussions) was Charlie Bolden. Bobbie Block has a blog post up now confirming him as a front runner.

I have no idea, assuming that he is in fact going to be chosen, and accepts, what this would mean for the agency, or my own desires for its future direction. The last time we had an astronaut as administrator (Dick Truly), it was kind of a disaster. He basically went to war with the GHW Bush administration over the Space Exploration Initiative, going so far as to send his congressional liaison over to the Hill to lobby against it, in preference to focusing on the space station, which eventually got him fired and replace by Dan Goldin (frying pan, fire). One shouldn’t draw grand conclusions from a single example (though many love to do so with Apollo, Shuttle, and ISS), but we have one unfortunate result of our one experiment with an astronaut administrator.

The other candidates mentioned are Scott Hubbard, Sally Ride (another astronaut, of whom I have good reason to think would be a disaster, from my point of view, because she doesn’t seem to share my own space vision based on past statements and activities), Wes Huntress and Alan Stern. Of those four, the only one that I can say right now that I’d like to see get the job is Alan Stern, based on his past comments about needing to harness private enterprise much more than the agency has been. For what it’s worth, Keith Cowing claims that none of them are interested in the job, with the possible exception of Hubbard.

What I found interesting though, is the last bit:

The current head of Obama’s transition team, Lori Garver, is hoping to be deputy administrator.

Lori has told me herself that she has no interest in being administrator, so this is consistent with that, at least. But I think it would be a mistake. I actually think that it’s more important for the deputy to be technical, with technical management experience, whereas the administrator need (even, perhaps in light of the Griffin experience, should) not be. The deputy is sort of like the COO of the agency, managing daily operations and coordinating the centers. The administrator is more like the CEO, and should be laying out strategy, and interacting with the public, White House and Congress. So while not necessarily endorsing her for either, I actually think that, assuming I had to make a choice, she’d be a better pick for administrator than deputy.

Biting Commentary about Infinity…and Beyond!