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Archive for February, 2009

clipped from orangepunch.freedomblogging.com

Japanese scientists are defecting from the global warming alarmism faith, providing yet another Global Warming Oops Moment, even as your White House and Congress consider breaking the bank (yours and theirs) to “fix” this nonproblem.

Here’s the scoop: Japanese scientists have dramatically broken ranks with those who hold to the unproven hypothesis that global warming is manmade, dangerous or even occurring.

A majority of researchers with Japan’s Energy Commission said the UN IPCC’s view is unproven and that natural cycles, not man, are to blame for any fluctuation in temperatures, which they also point out are not increasing. One researcher likened the global warming theory to ancient astrology.
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“One researcher likened the global warming theory to ancient astrology. “

Beautiful.

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Arthur Laffer on Obama

clipped from kudlowsmoneypolitics.blogspot.com
LARRY KUDLOW: Let me bring in Arthur Laffer, I want to get his take on all this, and a few other things. Art Laffer, the head of Laffer Investments, former Reagan advisor and the co-author of “The End of Prosperity.” So Arthur, let’s have a quick lay of the land here from your perspective.
ARTHUR LAFFER: Yeah, what they’re doing Larry is the government is borrowing all the private capital available in the marketplace, then they’re the only ones left to invest anywhere. And it is, effectively, a partial nationalization of not only the banks, but of the auto industries. It’s a catastrophe. And the market is giving it a huge thumbs down and raspberry on these policies. I’ve never seen anything so bad in my life.
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The government created the mess, the government is prolonging the mess, and the government is making the mess worse.

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Jindal’s Rising Star

clipped from orangepunch.freedomblogging.com
The strength of America is not found in our government. It is found in the compassionate hearts and enterprising spirit of our citizens. We are grateful for the support we have received from across the nation for the ongoing recovery efforts. This spirit got Louisiana through the hurricanes – and this spirit will get our nation through the storms we face today.
To solve our current problems, Washington must lead. But the way to lead is not to raise taxes and put more money and power in hands of Washington politicians. The way to lead is by empowering you – the American people. Because we believe that Americans can do anything.
That is why Republicans put forward plans to create jobs by lowering income tax rates for working families … cutting taxes for small businesses … strengthening incentives for businesses to invest in new equipment and hire new workers … and stabilizing home values by creating a new tax credit for home-buyers. These plans would cost less and create more jobs.
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Louisiana Gov. Bobby Jindal was the star of the show tonight. Outstanding commentary following Barack Obama’s congressional address.

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clipped from corner.nationalreview.com
The Dow hit a ten-year low today, but don’t worry, there’ll be a new low along in a day or two. This was Rush on Friday:

The investors, the people who are the real poll on the state of the economy are not investing.  They are betting on the market continuing to go south. . . . Folks, Obama doesn’t have it . . . Biden doesn’t have it. Reid doesn’t have it, Pelosi doesn’t have it, Barney Frank doesn’t have it.  There is nothing that is going to come along tomorrow and restore the value of your house, replenish your 401(k) and your kids’ college fund, take the Dow back to 13 on the way to 15; it isn’t there. It could be again, but not with the leadership we have now. 

That sounds right. If the United States government got out of the way, things might get worse before they get better. With the government in the way, we have only the certainty of worse.
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The stock market has shed over 4000 points since the government has been trying to “fix” the economy.

Take a look.

http://finance.yahoo.com/echarts?s=^DJI#chart1:symbol=^dji;range=1y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Please, Congress, go on vacation for a couple of years. And take Obama with you.

Instead of letting the pain come and go, the government is prolonging the pain and delaying the end of the recession.

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clipped from www.bloomberg.com
Soros Says Financial Crisis Marks End of a Free-Market Model

Feb. 21 (Bloomberg) — Billionaire investor George Soros
said the current economic crisis has its roots in the financial
deregulation of the 1980s and marks the end of a free-market
model that has since dominated capitalist countries.

Liberalization of the financial industry begun by the Reagan
administration has led to a series of breakdowns forcing
government intervention, Soros told economists and bankers last
night at a private dinner at Columbia University in New York. The
global recession, triggered by the collapse of the U.S. housing
market, has “damaged the financial system itself,” he said.

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George Soros is blaming Ronald Reagan for the current crisis.

Whaaaaaaat? George, get your prescriptions filled.

He conveniently forgets Bill Clinton signing the 1999 legislation repealing the 1930’s Glass-Steagall act. Republican Phil Gramm was also key in this, so I’m not just blaming Clinton. But he signed it into law.

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clipped from orangepunch.freedomblogging.com

We hate to ruin a theory with facts, but we write about global warming, so it’s kind of hard not to.

“Over the past few years, similar signs of colder than usual weather have been recorded all over the world, causing many people to question the still fashionable, but now long outdated, global warming alarmism. Yet individual weather events or spells, whether warmings or coolings, tell us nothing necessarily about true climate change.
“Nonetheless, by coincidence, growing recognition of a threat of climatic cooling is correct, because since the turn of the 21st century all real world, long-term climate indicators have turned downwards. Global atmospheric temperature reached a peak in 1998, has not warmed since 1995 and, has been cooling since 2002. Some people, still under the thrall of the Intergovernmental Panel of Climate Change’s disproved projections of warming, seem surprised by this cooling trend, even to the point of denying it. But why?
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I wanted to link to Orange Punch, although they’re not the original source of this clip. Orange Punch is a fantastic site to add to your RSS reader.

I’m amazed by rational people clinging to the irrational. Yet, the global warming folks still seem to be hanging their hats on something less than science. It’s like a cult at this point. Maybe the global warming alarmists are too emotionally invested to see the scientific evidence that casts doubt on their beliefs?

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clipped from cristyli.blogspot.com

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Thanks to Cristy for putting this together.

We’re already hearing Obama fans blame Bush for the economy, the bubonic plague, and male-pattern baldness. Look at what has happened since Obama won in November or since he took over a month ago. It’s a freefall.

One could argue that government intervention is the reason for the mess. The bear market plunge began back in September 2008 when President Bush and his Treasury Secretary Hank Paulson unloaded a $750 billion “government intervention” stimulus package. Now another over $800 billion in stimulus. More government intervention, more economic hard times.

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