Friday, December 31, 2010
While I Was Away
- Chavez devalues the Venezuelan currency again, indicating that I was not wrong, just early, in my call that Venezuela would boil over for good this time. 2011 will not be kind to ole' Hugo.
- the Israelis find a triple special shitload of natural gas, which will have profound geo-political implications going forward. More later.
- and, of course, our local Big Apple union goons show the whole country why it's a bad idea to allow critical municipal functions to be carried out by unionized employees. No comment needed.
Foreign Policy Analysis from Experts
Tuesday, December 28, 2010
Tierney Collects Winnings in Simonesque Bet
Thursday, December 23, 2010
What Do They Think We Are? Stupid? Wait, Don't Answer That.
A Word to the Wise
UPDATE: On the other hand, invading Rhode Island should be relatively easy...
And NPR (yes!) thinks they've spotted a trend. Gee, I wonder if Sarah Palin's increasing cultural influence has anything to do with this. She won't have to run for anything, if she's fostering a greater number of young women to get comfortable and proficient with firearms and the culture of independence and self-sufficiency that they embody, she will have done more damage to progressivism than if she were President for three terms.
When the Checks Stop Coming...
UPDATE: There is actually more here going on than meets the eye. Wow. I'm not surprised. Many wise people always warned me that if the shoe was on the other foot...
Wednesday, December 22, 2010
Looking for Good News? Iranian Implosion Rolls On.
Just for shits and giggles, let's operate the way back machine for a pearl:
"It is a virtual certainty that oil prices will rise by 2011, potenitally substantially. Here though is my less certain prediction (20% probability): gasoline prices over $4 during the heart of the election cycle will weigh on Obama in the polls and he will tap the Strategic Petroleum Reserve to mitigate high prices (e.g. save his ass). "
We're at $3 now and everyday that we don't drill in the Gulf of Mexico and the global economy grows is a day in which gas prices will go up.
N.B. American Businesses: Obama Not Pausing, Just Reloading
UPDATE: It appears that great minds think alike.
START: A Treaty Between Two Deceivers...the Russians and Obama
The thing about this though, is this is not some meaningless corner of the vast regulatory apparatus, this is a major treaty with a less-than friendly/cooperative quasi-adversary. This treaty, if it proves truly restrictive and damaging, will get fall apart - a tough-minded successor to Obama will ignore it and/or the Russians will want out the day they realize that whatever Obama has put on the table is not forthcoming.
UPDATE: Ratified. I'll bet in 15 years this treaty will not be in force. The United States of America will pursue defensive weapons systems even if the Obama administration will not. And the Russians will bail out then.
UPPDATE: I'm wondering Obama will say at the victory presser..."I know Americans care very much about this critical foreign policy achievement and will ignore the prevailing 10% unemployment rate, rising gas prices, and the continued negative unanticipated consequences of our healthcare reform bill and applaud me for this critical improvement in our nation's standing in the world - because when we get weaker we are actually getting stronger because we are making the rest of the world stronger and we are no different from the rest of the world - and they'll want to reelect me as they see that I can do these really important foreign policy things..." Yup, a true winning hand, that.
Fitting: Our State is Broke and So Is Our Governor
Are We To Believe that Greed is Localized?
Tuesday, December 21, 2010
A Failure of Civilization
U.K.: Insurers Widen Somali Pirate Threat Zone
December 21, 2010
The United Kingdom’s marine insurance industry has widened the area of waterways deemed high-risk for Somali pirate attacks, industry officials said Dec. 21, Reuters reported. According to Neil Roberts, a senior technical executive with the Lloyd’s Market Association (LMA), the pirates have large mother ships that can support operations much farther off the coast of Somalia than previously thought. The Joint War Committee, which groups LMA members with representatives from the London insurance industry, added the Gulf of Aden and a wider swath of the Indian Ocean to the list of waterways considered high-risk.
We are several years into this resurgence of a scourge that we in the civilized world know very well how to defeat and yet we are unable to deal with it effectively. In simple terms, it is because we are a bunch of namby-pamby, feminized, over-intellectualized twits. First, we very somberly declare in scholarly fashion that the root causes of piracy are too large to address immediately, that there needs to be an effective, politically stable government in Somalia that can give its citizens entry to the global economy and hope for a better future yadayadayada. Yeah well, keep waiting for the Great Pumpkin Linus. Second, the world's navies are deployed in the Gulf of Aden as a bunch of traffic cops to ostensibly protect ships where the threat is greatest. So the pirates simply move to strike where the navies are not. Duh. Finally, when we do capture some pirates, they are routinely released. Arghhhhh! What the hell are we thinking?!?! Send these damn shitheads to a watery grave at the bottom of the flippin' ocean and I guarantee the piracy threat will abate.
"Little-Noticed" My Arse
Monday, December 20, 2010
All this talk of an Obama rebound is a little hard to take given how the oil price is going and that Babs Streisand is disillusioned.
Note to Self
Germany: Leftists Call For Attack On Tourists
December 20, 2010
An article in left-wing German newspaper Interim proposed a 2011 anti-tourism campaign for Berlin which called for attacks against hotels and tourist buses, setting fire to cars and creating garbage piles as well as swiping wallets and phones from restaurant tables, Der Tagesspiegel reported Dec. 20. The author of the proposed campaign said tourism fuels gentrification wherein rising affluence pressures poorer residents out of districts where they have lived for years, a growing complaint among Berlin’s left wing citizens. Officials from Berlin’s tourism industry and the Office of Criminal Investigation are taking the threats seriously, but the city-state’s domestic intelligence agency added that attacks on foreign tourists were not typical for Berlin.
Friday, December 17, 2010
Frack the Saudis
Thursday, December 16, 2010
Wikileaked: Chavez a Total Dumbass?
How To Create Illegitimacy
Wednesday, December 15, 2010
BA of PIIGS
We are a long way from this being over.
Oh, and just to give you a sense of what a bunch nimrods these Euros are...the city of Athens has 2,000 buses for its municipal system but they have about three times as many drivers on the payroll.
CEO Summit Charade
UPDATE: This was Obama's entire purpose in hosting this event, he wanted to say it so he can refer back and say he said it in order to combat the (truthful) accusation that he is anti-business. The other soundbite from the CEO Summit was that Obama...get this...wants ideas. He's two years in to his term, we were led to believe he has Buffett and Volcker at his beck and call, his entire (clueless) economic team has turned over, but he wants ideas??? My Bullshit Meter is beyond redlining. He doesn't want ideas. He wants to deflect this kind of stuff.
and a footnote...how lame are Eric Schmidt and David Cote? These guys are always at every damn Obama publicity stunt and they've probably been to a zillion meetings that we don't know about. Do they still have real, constructive ideas to give Obama that they have not yet shared with him? Puhleeze. They are the last two remaining O-Bots left in the Fortune 500. Note that Jim Owens of Caterpillar was not there, he clearly won't let himself be a tool of Obama again.
UPPDATE: The Daily caller has the honest take.
OK, I am Taking Partial Credit for this Prediction
Tuesday, December 14, 2010
Obama's Comeback Strategy: More Orwellian Hogwash!!
- Individual Responsibility Provision
- Overseas Contingency Operations
- Man-Made Disasters
- Quality-Adjusted Remaining Life Years
- Net Neutrality
- "The System Worked"
- "We need to reeducate the American public over the benefits of Obamacare"
- "We Gotta Spend Money to Keep from Going Broke."
- Employee Free Choice Act
- Shovel-Ready Projects
Everything Is Belong to Us
Typical progressive authoritarian: War is Peace, Freedom is Slavery and, apparently, Ownership is Theft.
In the Future, Everyone...
GE: Eco-magining Some Big Oil & Gas Profits!!!
Gameball to the QB Tormentors
Monday, December 13, 2010
OK, it's all up everywhere. All I know is we have a constitutional brouhaha on our hands and I am chalking up another prediction in the win column (I know I said Texas, but it is all the same, and Texas is a part of the pending suit in Florida anyway.) I said I'd go 3 for 8 and I am right on pace although, I might be justified to claim partial credit for the Iran prediction given Stuxnet...sure seems like a bomb to me, just not what we conventionally think of as a bomb. And I'm merely early on the California and New York bankruptcy calls.
Bubba Takes Obama Down Several Pegs
Friday, December 10, 2010
Shipping Insurers Will Launch Private Navy
Thursday, December 09, 2010
Modest Discourse on Economic Vigilantism
On another note, I have talked for nearly two years about the 'job market vigilantes" (see here, here, and here). My basic view is that a mix of policy and rhetoric emanating from the likes of Obama and the Pelosicrats has crushed the animal spirits of the economy and created a strong backlash from these job market vigilantes. While the toxic cocktail has been more parts policy than rhetoric, it is unwise to dismiss the role of rhetoric. While reality has forced Obama's hand on policy, he still clearly hasn't learned the role of rhetoric and you could make the argument that there is still enough poisonous rhetoric in the cocktail to make it toxic to the animal spirits of the economy. Dan Henninger notices this in today's column and wonders just how toxic the cocktail still might be... "But they've gone FDR and John Steinbeck one better. In the world of the Grapes of Wrath Democrats now gagging over Barack Obama's "sell-out" to the rich, the new economic royalists aren't limited to "the Ishmael or Insull." Now it's any single person or married couple in America with a pre-tax income at $200,000 or $250,000.
Will the nation's new economic royalists step forward, rope in hand, to produce enough economic activity to help Mr. Obama to a second term of retribution? Maybe not. According to the National Association of Manufacturers, some 70% of manufacturing concerns in the U.S. have owners whose business is taxed at the individual rate (S corporations and the like). These are the people expected to commit capital to new hires and equipment."
In thinking about the Obama-McConnell tax plan holisitically, which includes Obama's presser the next day, I am put in mind of an analogy from my principal hobby...if I give you a glass of fine wine and add some sewerage water, it matters not to its discreased appeal whether I add it via a beaker or a medicine dropper. Or in other words, an ounce of shit can be just as polluting as a gallon.
It's Just Music, or It Ought to Be
Wednesday, December 08, 2010
Australian Job Bonanza
Bye Bye BABs
UPDATE: Just trying to make a funny on that whole VRC thing. No need to stomp on any faces, the disaster is baked in the cake so just let it unfold.
China's Climate Change Strategy: Appease, Follow Along, Use Carbon
The Chinese strategy is open and transparent for all to see and they even spell it out for you if you ask them, but somehow the Friedmanite line has become the accepted wisdom in bien pensant circles, a testament to the success of the Chinese's aim to appease our environmental neuroses. It would help if we were clear minded about the Chinese stance, and thus it is good to see inconvenient truths such as this report from Sen. Inhofe's group making into the public discourse. We'll be much better off once we stop fooling ourselves about China's intentions and motivations surrounding climate change.
Tuesday, December 07, 2010
Lefties Have a Bad Day
Good Policy Makes Bad Policy Look Worse
Monday, December 06, 2010
Liberal Weenies In High Dudgeon Over Obama Rope-a-Dope
UPDATE: I couldn't help but notice that the Dems point man in decrying the tax agreement in front of the cameras was the junior Senator from the boyhood home of Donny Baseball, the great state of New Jersey. Republicans should be secretly smiling everytime they see uber-mediocrity Bob Menendez leading the opposing troops. Weak Generals in the opposing camp is the best asset a fighting force can have, and it is no different in politics.
Gas Price Update
A Great Sign That the New GOP Majority in the House Gets It
Are There That Few Economists Left Who Will Defend the Obama/Pelosi Program?
Bitter Bear Back to Being Big Dog
Friday, December 03, 2010
Something I Never Thought I'd Say...
Christie vs. Patterson
It's Over: Hillary to Obama: "Fire Me"
UPDATE: Just hitting the wires...Obama is in Afghanistan talking to Karzai. I stand corrected, he at least is smart enough to figure out that Hillary is done and is taking measures himself. I certainly hope he is asking Karzai what the f%$k his relative is doing showing up in the UAE with $52 million.
They Told Me If I Voted for John McCain...Glenn Reynolds Wouldn't Have Enough Material for His Next Book...
Belated Big Blue Game Ball...and a Sour Note
Thursday, December 02, 2010
Millionaire? That's It? So Sorry.
Just a Reminder to Those Who Feel the Money They Earn Is Actually Theirs
How Do We Stay Rich?
Anti-Oil Zealotry Still Wreaking Havoc in the Gulf
UPDATE: Here is the head of the Institute for Energy Research, "It is now abundantly clear that the Administration and Interior Secretary Ken Salazar will stop at nothing - lost jobs, tax revenue or a threat to national security - to enforce their vendetta against domestic energy production. Despite promises made to Senator Landrieu and the thousands whose livelihood depends on energy development, they continue to pursue an "all or nothing" approach to alternative energy that will do nothing more than weaken our economy, increase our dependence on foreign oil and eliminate thousands of well paying, secure American jobs."
That's about right. As for heating our homes and powering our lives, we'll need that energy and since we won't be producing enough of it here, we'll be importing it (do you really think we will live with less and "power down"?). How do you import energy? Tankers and pipelines, dear reader. Tankers and pipelines.