December 31, 2007

Last Huck-a-Whack of 2007

It seems the Governor's play of "we have this awesome negative ad that shows what a lying, cheating, fornicating weasel my opponent Mitt Romney is, but we are way too nice to show it" has not been well-received.

I come to whack the Governor, not bury him. His response lists the positive things he stands for:

I believe in the Human Life Amendment and will work tirelessly for it's passage.

I believe the FairTax is the best way to unleash our economy in the 21st century.

I believe and have always supported the passage of a federal constitutional amendment that defines marriage as a union between one man and one woman.

I believe we must secure our borders, end amnesty and end sanctuary cities.

I believe our country must be energy independent.

I believe that we are currently engaged in a world war. Radical Islamic fascists have declared war on our country and our way of life.

I believe in the Surge.

And I believe that Americans aren't interested in politics that divide us, they want their leaders to focus on what will lift them up and make things better.

I almost forgot that today in the face of the withering barrage of criticism we have endured over the last few weeks from my rivals. I say almost, because our negative ad won't run.

I know we believe in the same things. It is these things, these ideas, that have bound us together in this campaign for President. These ideas are why you first became interested in me and these ideas are why I am running for President. Let everyone know, that we are campaigning for these ideas and that we are working overtime to lift America up.


  • I believe in the possessive version of "its" and will work tirelessly to promote it's [sic] proper use. (Cheap shot from a guy who types like me, but he has staff!)

  • I'll pass on the life Amendment. I'll work to overturn Roe v Wade, but then let's leave it to the States.

  • I believe consumption taxes would have been a better choice. If I get a time machine, I'll go back to 1908 and campaign for it. Considering the 16th Amendment, I give up. Maybe it's the way Governor Huckabee tells the story, but I find I have lost interest.

  • I believe government should be less involved in marriage, not more.

  • I believe the market should dictate energy use, I'm not going to grow my own food, I don't expect my country to generate all of its energy.

  • I believe that we are currently engaged in a world war. Radical Islamic fascists have declared war on our country and our way of life. And I believe in the surge, making me two-for-two with the Governor. Yet how does this comport with his claim that the chief prosecutor of the war and the ultimate commander of the Surge has "damaged this country with a bunker mentality?"

  • I believe I should probably lay off the Governor, and engage in a more positive and uplifting blogging experience.


Naaah.

But HB thinks:

jk, this was like a Romney "attack" ad. Don't you realize that you are not allowed to contrast your opinions with those of the Huckster?

In all seriousness, this was a great takedown of Huckabee.

Posted by: HB at January 1, 2008 9:30 AM
But jk thinks:

Thanks for the kind words. The Governor assures me that he has some very compromising pictures of you from a Mexican vacation a few years back, but that he is seeking to elevate the tone.

Posted by: jk at January 2, 2008 6:06 PM
But johngalt thinks:

Let's correct the corrector-

"I don't expect my country's *energy corporations* to supply all of the country's energy from domestic sources despite the fact they could do so in spades (and at a fraction of current prices) if not for the bald-faced obstructionism of our federal legislative and judicial branches."

Posted by: johngalt at January 3, 2008 4:07 PM
But jk thinks:

A fraction of current prices, perhaps, but probably never cheaper than importing it -- would you disagree? I'm all for developing domestic production, but I find it hard to believe that we could supply all of our needs at a cost lower than importing it.

I think we're on the same team, here. The "energy independence" crowd is going to boost domestic energy through regulation (let me know how that works out for you, kids...) But you are the first person I have heard posit that we could supply 100%

It's another form of trade bashing that leads to subsidizing Ethanol to prevent buying oil.

Posted by: jk at January 3, 2008 4:58 PM
But johngalt thinks:

Well, domestic sources of energy doesn't mean ONLY oil. Environmental regulations have blocked and, in at least one case, even prompted the DESTRUCTION of a hydroelectric generating station. The cleanest, cheapest, most sustainable and lowest impact method of energy production was dynamited solely so that poor fishes would not "be forced to use man-made ladders to return to their breeding grounds." I swear it makes me want to puke.

Nuclear is also a promising domestic source. Just ask the French.

Posted by: johngalt at January 3, 2008 11:52 PM
But Perry Eidelbus thinks:

The idea of a nation being energy independent is ludicrous. There's no reason to buy energy from residents of other nations. Unfortunately, the goddamn Democrats started it (where the hell where they in the 1980s when *conservatives* started the movement?), and Republicans jumped on board.

http://eidelblog.blogspot.com/2005/10/democrats-new-myth-of-energy.html

Posted by: Perry Eidelbus at January 4, 2008 12:59 PM

Good Economic News for 2007

Kevin Hassett of the American Enterprise Institute has a list of the Top 10 pieces of Happy Economic News in 2007.

Hat-tip: Samizdata


You Say You Want a Revolution?

Rep. Ron Paul graces the cover of Reason magazine this month, and the good Doctor gets a positive story inside by Brian Dougherty. The Wall Street Journal reports that the campaign raised $19 million in the fourth quarter.

I have been dismissive of the campaign, suggesting that the support has been quirky. I called the one-day fundraising records "gimmicks." After reading the Reason article, it occurs to me that I need to address why I will not be joining the Ron Paul Revolution. In a way, I have been waiting many years for such a candidate. "I don't want to run your life. I don't want to run the world." Shrink the government to its Constitutional size and purview. Why am I not onboard?

I guess my problem is the Constitution that Rep. Paul so ably defends. I agree with Paul on 80% of the issues. I agree with President George Bush on far less, I agree with Mayor Giuliani on less. Don't you pick the candidate with whom you most agree?

I'd open Ron's well-thumbed Constitution to Article I. The things with which I disagree most are clearly under Executive power. President Paul could close all our bases in the MidEast between Jell-O shots at the first Inauguration Ball. (This is not to say that he would drink Jell-O shots or close all our bases, but he could.)

President Nixon took us off Bretton Woods; I'm guessing that President Paul could put us back on a gold peg by Executive Order or indirectly through his nomination of a Fed Chairman. So, he takes a break from the nude Twister® game at the second Inaugural Ball, and he has already instituted the two policies I object to. We've withdrawn from the War on Terror and gone mettalist. And Sally Quinn is still sober! (This is not to say that President Paul would be playing nude Twister at an Inaugural Ball, but he could!)

The hangovers have worn off, and President Paul takes the rest of his ambitious agenda (the 80% I like) to the 111th Congress. He sits down with Majority Leader Reid and Speaker Pelosi and explains "we’re going to stop collecting taxes and paying welfare." "We're going to take all the young people off Social Security, Harry." "We're going to stop SCHIP, Nancy, It's not constitutional."

Am I the only one who remembers the howls from the AARP and the Republican controlled Congress when President Bush asked "Pretty please, could we take a couple of percent of young workers' withholdings for private accounts?" How about when President Bush wanted to expand SCHIP by only $35 billion." Dead. On. Arrival. He could veto some bills, but the 535 wanna-be-incumbents would plow him down.

All the stuff I don't want, none of what I do.

But Perry Eidelbus thinks:

Of all the candidates who will provide gridlock, Ron Paul is the one who will. My friend Billy Beck is right to ask what will prevent Congress from laughing in Paul's face for four years. Meanwhile, Paul will have a serious face as he vetoes just about everything Congress sends him. Paul is the man who could finally give some Constitutional balls to the GOP, not only about spending, but about the extent of federal powers as a concept.

Odds are that Congress would override most of Paul's vetoes, laughing as they prepare to tell their constituents how much more bacon they're bringing home. If the American people then laugh at Paul's foolishness, very well. It will prove that we don't deserve the liberty that our forefathers fought for us to have. What's the alternative, a president like GWB who will "compromise" on just about everything, so that he'll avoid looking "weak" to the American people when the news continually reports on the veto overrides? Even Michelle Malkin understands the problem of compromise, which I've said before: compromise really means "watch your wallet."

Ron Paul isn't talking about returning us to a gold standard via executive power. He's talking about returning us to Constitutional money, which will require undoing what the executive branch has done, and Congress passing a law (which Paul has repeatedly introduced) to disband the Fed. Article I, Section 8 states that Congress shall have power "To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures." There's no provision for a Federal Reserve, or any other quasi-private entity to whom we pay interest while it rapes our money.

Oh, and don't give Nixon too much credit. FDR was the one who started things by forcible confiscation of gold. By the end of WW2, it was evident that the world needed to return to sound money. But while Bretton Woods was a monetary system with a great basis on gold, it was so "managed" that it was the equivalent of NAFTA and free trade. NAFTA is freer trade, but not free trade.

As C-in-C, any president has every bit of discretion to close our military bases. Alternatively, Congress has the power to withhold funding from the military. (Charlie Rangel was right, but there's that old saying about stopped clocks.) That's how the checks and balances really work. It's not about absurd "compromise," but about one branch saying to another, "No, that's against the Constitution, so I won't let you do that."

The Founders' intent was that Congress pass *specific* bills about spending specific amounts on specific things, and the President could then veto such bills. Even if Congress overrode the veto, the President could still choose not to exercise the law. The Founders had great wisdom, knowing it's preferable to have government doing too little than a government doing too much.

Andrew Jackson reputedly claimed, "John Marshall has made his decision, now let him enforce it!" This sounds similar to what I've expressed above, but it was actually unconstitutional. Jackson wasn't refusing to execute a law, but rather using federal powers that the legislative and executive branch decided they had, though the judiciary ruled they did not have such authority.

By the way, I've still never heard anyone provide a good explanation as to why we still have a military presence in Saudi Arabia.

Posted by: Perry Eidelbus at January 3, 2008 3:30 PM
But jk thinks:

The gridlock would be awesome. I'll gladly cede that point. My point is that the sweeping changes he promotes -- and that I support -- would have zero chance of surviving a veto.

I think Rangel and Company could use the purse strings to stop the military if they had the votes. But I don't see any way that Congress could oppose a President who wanted to bring the troops home.

Ergo, President Paul easily succeeds in ceding our hard won interests in the MidEast but has little chance of radical cuts in domestic spending. I'll change my close to "all of the bad and a little bit of the good" if it pleases you but I think my points hold.

Why do we have a military presence in a generally-friendly country with the world's largest oil reserves, tactical transportation advantages on the Suez Canal, in an extremely important part of the globe militarily, diplomatically, and financially, from whose shores a majority of the 9/11 attackers came, where there is a large potential for domestic unrest, which is very near to Syria, Iraq, and Iran? I don't know, let me get back to you on that.

Posted by: jk at January 3, 2008 5:16 PM
But jk thinks:

Perry, I meant my last paragraph to be moderately snarky but not nearly as much as it sounds. Please reduce by a 0.5 snark coefficient.

Posted by: jk at January 3, 2008 5:35 PM
But Perry Eidelbus thinks:

Oh, I agreed before you said it that Paul would never return the federal government to his constitutional limits. Congress would never go along on just about everything he proposed. But other than the gridlock, it would, as I said, prove that Americans don't deserve the freedom we once had. It will force us to take a stand: are we a nation of freedom, or a nation of sheeple?

"I think Rangel and Company could use the purse strings to stop the military if they had the votes."

Strangely enough, or maybe not so strangely, a majority of the American people now oppose the Iraq war and want to bring the troops home, but Dems still don't have the balls to do so.

As I pointed out in an older thread, Saddam is long gone. Saudi Arabia has no enemies now. Who is threatening it, Egypt? Syria and Iran wouldn't dare -- they'd be bombed back to the Stone Age, and with justification. The same would happen to the Suez Canal. Our deployment abilities today don't require a *permanent* military presence in Saudi Arabia to stage any counteroffensives. There's no military justification for us to stay there. Temporarily in case of action, like the first Gulf War, yes. But not a permanent presence.

We don't need American troops to stay in Saudi Arabia to cement their society. That's not our job, and even if it were, our presence only helps destabilize things by providing an excuse for terrorist leaders (more on this later). And are you suggesting that our presence might deter hijackers, or somehow provide intelligence about them? It didn't work before; we should have no expections that it will now or in the future.

If anything, Osama and other terrorist leaders use our presence there as an excuse to recruit impressionable young men. Once again, Ron Paul and I aren't saying that "blowback" is justified, but we're saying that it *happens*. Saudi teenagers look at the men with American flags on their shoulders, and enough believe that they're an "occupying force."

Posted by: Perry Eidelbus at January 4, 2008 1:30 PM

Cui Bono?

A good friend of ThreeSources sends a link to this WaPo story and wonders whom it will hurt. My Latin isn't up to that, so I wonder who will benefit.

New York Mayor Michael R. Bloomberg, a potential independent candidate for president, has scheduled a meeting next week with a dozen leading Democrats and Republicans, who will join him in challenging the major-party contenders to spell out their plans for forming a "government of national unity" to end the gridlock in Washington.

Those who will be at the Jan. 7 session at the University of Oklahoma say that if the likely nominees of the two parties do not pledge to "go beyond tokenism" in building an administration that seeks national consensus, they will be prepared to back Bloomberg or someone else in a third-party campaign for president.

Conveners of the meeting include such prominent Democrats as former senators Sam Nunn (Ga.), Charles S. Robb (Va.) and David L. Boren (Okla.), and former presidential candidate Gary Hart. Republican organizers include Sen. Chuck Hagel (Neb.), former party chairman Bill Brock, former senator John Danforth (Mo.) and former New Jersey governor Christine Todd Whitman.


I think Bloomberg is running. He seems to be making a lot of noise and inquiries, and if he ever wants to do it, this is certainly the year. I wouldn't be surprised to see Rep. Ron Paul run as a Libertarian, though Reason Magazine points out some legal hurdles.

I guess it depends on the final candidate list, but I think this tends to hurt the Democrats. It's an escape valve for those who do not care for Senator Clinton (just last week I encountered two very liberal Democrats who said they cannot support her), and if Senator Obama gets the nomination, a Bloomberg run would bleed off the "nice guy" vote.

The social conservatives and the economic conservatives are unlikely to find a home in a Bloomberg-Hagel ticket. We'll see how many antiwar Republicans there are, but I am guessing that is not a huge plurality.

Who loses? Those who send money to this doomed enterprise. Who wins? David Harsanyi -- sales of his Nanny State book should soar -- Mayor Bloomberg gets quite a few pages.

UPDATE: Jonah Goldberg links to a David Weigel post that projects a GOP victory if Bloomberg spoils NY for the Democrats and Ohio and Florida for the Republicans. Interstin'...


Predictions?

With the Iowa caucuses taking place on Thursday, I thought that it would be fun (ex post, with a great deal of laughing) for bloggers and readers to make predictions about the results of the Iowa caucus as well as the ultimate nominations. While I am usually pretty good at predicting presidential victories, I am terrible at these types of predictions and thus this should provide some entertainment. With that being said, here are my predictions:

Caucus results:

Dems:
1. Obama
2. Clinton
3. Edwards

GOP:
1. Romney
2. Huckabee
3. Thompson

(Upset special: Ron Paul will do better in Iowa than Rudy)

...with Clinton and Romney emerging as the ultimate candidates for their respective parties.

Post your predictions in the comments...

2008 Race Posted by Harrison Bergeron at 10:05 AM | What do you think? [3]
But jk thinks:

Sure I'll play, though we sadly agree on 83%:

Dem: Obama, Clinton, Edwards
GOP: Romney Huckabee, McCain

I also agree on Paul beating Giuliani. My outsider prediction will be that Edwards loses badly enough to be mortally wounded. As the great political pundit Liza Minnelli says: If he can't make it there, he can't make it anywhere.

Next November? Giuliani v. Clinton v. Bloomberg

Posted by: jk at December 31, 2007 11:13 AM
But johngalt thinks:

I, for one, see things a bit differently:

Dummycrats - Obama, Edwards, Clinton
Publicspendicans - Huckabee, Romney, Thompson

I don't think Edwards is going away anytime soon with Hillary on such shaky ground.

And I'm still optimistic that Thompson can make a substantive impression on voters between now and Super Tuesday.

Out-on-a-limb nominee predictions - Edwards v. Thompson

(Yes it's a stretch, but not a lot less likely than any other pairing.)

Posted by: johngalt at December 31, 2007 1:52 PM
But HB thinks:

I think that Fred! has a better chance than Rudy! However, potential points to jk for including Bloomberg (although aides to Bloomberg have said that he will absolutely not run against Rudy because of their relationship and Rudy's endorsement).

Posted by: HB at January 1, 2008 9:07 AM

December 30, 2007

Review Corner

A couple of good books.

Nanny State: How Food Fascists, Teetotaling Do-Gooders, Priggish Moralists, and other Boneheaded Bureaucrats are Turning America into a Nation of Children by David Harsanyi: the title says it all.

Harsanyi collects a diverse crew. They cover a wide political spectrum, but each wants to impede your freedom. From the "No Running!" sign on the kids' playground, to trans-fat bans, he gives a consistent voice for freedom and personal responsibility. I don't think much of the information will be new to ThreeSourcers, although I was interested in the "scope creep" of Mothers Against Drunk Driving, and new, zero-tolerance laws that criminalize driving with any measurable blood alcohol content.

One senses Haranyi is preaching to the choir. Still it is amusing, well paced, and chock full of outrageous examples. I give it four stars.

New Monetarism by David Roche and Bob McKee.

I purchased this based on a WSJ Editorial Roche wrote a few weeks ago. It made a lot of sense to me and I wanted to read more. ThreeSources friend Perry Eidlebus pronounced it "a steaming pile of bull." I'd like to buy Perry, and perhaps the Everyday Economist, a copy for a late Christmas present. As proof of disinflation, the book was $10.50 when I bought it, but it is now available for $9.61. It is a small, 80 page paperback -- about as long as an article in City Journal.

But he speaks to something I have long believed and argued on this blog. The existence of "disinflation" and the creation of money supra-central-banks. The diagram on the front speaks to a continuing argument 'round these parts. The bottom of the "liquidity pyramid" is money created by central banks, the next level shows the multiplier of fractional reserve banking, then money created by securitized debt, and lastly the multiplier of derivatives. Though a quick read, it is well documented.

Roche and McKee give voice (and documentation) to the Kudlow-Laffer school, but the authors do not share their sunny optimism. Their concepts of disinflation and their expanded view of liquidity comport, but Roche and McKee expect a cataclysmic bubble burst because so much of this liquidity is based on risk appetite, and that a small correction could bring the entire structure down.

I hate to take all their cheery predictions without the bad, but I think that they discount the fundamental point of derivatives, namely, getting risk into the hands of those that can best accept it. Roche and McKee advise (and let me be clear, this book is positioned more toward investment advice than economics) you to go long volatility. I wonder if they are ignoring the effect of instruments that would allow you to do so.

Interesting. Quick read, Three-and-a-half. Email me an address if you want me send you a copy.



Jonah Goldberg's Liberal Fascism

I have not bought it, so what is it doing in Review Corner?

One of the Kos kids wants to Googlebomb the book, guiding searchers to negative reviews. To prove I can be just as childish, I offer links to this corner post, this PowerLine review, and this Instapundit post. So there, Kossaks!

I will likely buy the book and do a real Review Corner, maybe if my new Amazon Kindle® ever ships. ('Twas a very Merry Christmas for me!)


December 29, 2007

At Least it Wasn't Marlburos...

When is a scandal not a scandal? Maybe when a company provides advice to another company selling a legal product.

Mayor Giuliani was on Kudlow & Co, last night. Too bad for him, Larry is off this week. CNBC's John Harwood was auditioning for Chris Matthews's job, asking Hizzoner several questions about this NY Times report. Pretty damning stuff: "Under Attack, Drug Maker Turned to Giuliani for Help."

I think Purdue Pharma was just exercising its Constitutional right to PR (Article VIII, Paragraph xix). The Times, and Harwood, feel that some abuse of a painkiller precludes any responsible people working for the company. I had to go searching for this story this morning to see what he was talking about. Nobody else was talking about it because it is a non-story.

Bad enough to manufacture a scandal against a political candidate, it's part and parcel of the war against the pharmaceutical sector. People are in pain, and firms that develop and distribute products that help should be celebrated, not vilified. Even for the Times, this is bad.


December 28, 2007

Huck-a-Whack, December 28

Club for Growth (Club for Greed in Huckaspeech) links to the Politico Populist Quiz. Every question is multiple choice. Did Senator Edwards or Governor Huckabee say:

1. “No young person is more equal than another person because he has a higher IQ, or a higher net worth, or because he lives in a nicer home, or his clothes have a label of a designer that the other guy doesn’t have. That’s not what gives us equality.”

2. “There is unfortunately some disconnect between people who have never struggled and those for whom everyday life is a struggle.”

3. “The richest people in America are getting richer. The big corporations’ profits are going through the roof. What is happening to the middle class? What is happening to working people in this country?”

4. “Is it still possible that this country will elect a president not because he had the most money but because he really did represent the most of the ordinary Americans in this nation who understand what it’s like to live to work to try to raise a family? And for many Americans, it’s working with no net underneath us.”

5. “This election is about right and wrong. This election is about what is moral and what is not. … It is immoral to have veterans going to sleep under bridges. It is immoral to have children whose parents have to fend for health care at the hospital. This is not America.”

6. “I’ve been concerned for some time about the fact that the economic growth in the country seems to be completely concentrated at the top, with big corporations and the richest Americans, and middle-class families are struggling.”

7. “There’s nothing unique about me. Virtually everyone in this room has a parent or a grandparent who struggled and sacrificed, and they worked for you, and they did that for a reason. We can’t have that taken away.”

8. “For my family, summer was never a verb. We summered in hay fields and chicken yards and all kinds of stuff."


Answers and bonus holiday question at Politico. (I got six out of eight).

But TrekMedic251 thinks:

Um,....all of the above?

Posted by: TrekMedic251 at December 28, 2007 10:18 PM
But jk thinks:

Um,...I knew somebody was going to try that that. Nope, which are Edwards's and which are Huckabee's?

Posted by: jk at December 29, 2007 10:40 AM

I Agree With Glenn Greenwald

Stop the presses! Moonbat lefty, Glenn Greenwald, has penned a paragraph with which I cannot disagree. I was going to attack Peggy Noonan's insane WSJ Editorial this morning. Maybe after a few cups of coffee, I might have said something like:

What a stupid and vapid woman this is, but respected and admired by our media class because she fits right in with them — endlessly impressed by her own sophistication, maturity and insight while drooling out platitudes one never hears except in seventh-grade cafeterias and on our political talk shows. As always, this isn’t worth noting because the adolescent stupidity on display here is unique to Noonan, but precisely because it isn’t. This is how our national elections are decided: by people like her, spewing things like this.

That's Greenwald, quoted in a Protein Wisdom post which is concerned with whether (as Greenwald charges) Noonan used a pejorative term when she said John Edwards was "poofing" his hair on YouTube.

Without delving into poof etymology (Rule #2, No Poofters!) I can't fault Grunewald’s distain for today's column. It's a crowning achievement in years of decline for Noonan. Look at my posts from three or four years ago, and you'll see she was one of my favorite writers.

Now I think she is becoming the Republicans' Helen Thomas. Today she enumerates which Presidential candidates are "reasonable" enough to be President. Biden: yes, Dodd: yes, Clinton: yes but no... She dismisses Edwards for the famous YouTube hair care tutorial, but not policy.

I've made the comparison before, but again, read Noonan. then compare to a typically smart column from Kim Strassel comparing Senator Obama's "New Ideas" to classic, boilerplate liberalism.

The torch has been passed, the runner has left the county, the tables have been picked up and the spectators have gone home. Strassel is the political voice of the WSJ Ed page.


Calf Blogging is Back

Great picture.

Posted by jk at 12:38 PM | What do you think? [0]

December 27, 2007

Huck-a-Whack, December 27, 2007

Mike Huckabee is still giving paid speeches and he is charging up to $25,000 per appearance. When asked about the practice, Huckabee responded,


"Unlike the members of the Senate or Congress who continue to get their paycheck and get a taxpayer-funded salary, and unlike people who are independently wealthy, if I don't work, I don't eat."

Do I even need to offer my thoughts?

2008 Race Posted by Harrison Bergeron at 8:40 PM | What do you think? [4]
But Perry Eidelbus thinks:

I don't mind that too much. "Tradition" is not inherently right or proper, and nobody's being forced to hire him for a gig. What I find sad is that he has to defend the amount charged. Nobody should *ever* have to defend what they receive in a voluntary transaction. Those hiring Hucksterbee or others aren't being forced to pay more than they're willing; if they didn't want to pay $25,000 a pop, why did they pay it after all?

On the other hand, the sanctimonious f*** inserted another Biblical reference. It's another example of his pandering to evangelicals, who tend to be very familiar with scriptures (and where a certain phrase originated).

Posted by: Perry Eidelbus at December 28, 2007 9:23 AM
But HB thinks:

I don't really have a problem with him giving paid speeches either. However, his justification for doing so is clearly lacking.

Posted by: HB at December 28, 2007 10:08 AM
But Perry Eidelbus thinks:

I don't have a problem at all with his justification. His income is derived from purely voluntary transactions, whether or not the rest of us consider the cost worthwhile.

On the other hand, taxpayers are coerced into paying for the salaries and offices of elected representatives and bureaucrats they neither like nor want.

Posted by: Perry Eidelbus at December 28, 2007 1:09 PM
But Harrison Bergeron thinks:

His justification is a blatant populist appeal to pity. If he had simply said that every man has a right to make a living as he sees fit, then I would have no problem with his response. However, his answer was an attempt to put down his opponents -- especially Romney -- as not being average Joes. His pandering is becoming increasingly tiresome.

Posted by: Harrison Bergeron at December 28, 2007 4:12 PM

Property Rights? Right to Contract?

I laughed when I heard Senator John Kerry pontificating on people's needing cable to watch the Pats-Giants game. (How's the Deep Thoughts line go? "We all laughed at Grandpa when he got up at 6:00 AM to go fishing, but nobody was laughing that night when he came home with some whore he'd picked up in town...)

I ain't laughin' neither. The league has capitulated to Congressional pressure to give away something it purchased. Mortman has the details in Are You Ready for Some Congress? He links to the NYTimes:

The league's decision to simulcast the game came amid mounting Congressional pressure to make the potentially historic game more broadly available.

The Connecticut delegation wrote to Commissioner Roger Goodell that the league’s definition of home markets was "unduly narrow," leaving fans in cities around the state where loyalties are divided between their Giants and Patriots, without the same local broadcast option afforded the New York and Boston markets.

The Rhode Island delegation also protested the league’s market designations that would have deprived Patriots' fans in Providence and throughout the state of seeing their team go undefeated unless they subscribed to DirecTV or the Dish Network, or got the NFL Netword from their local cable operators.

The league was also warned by Senator Patrick Leahy, Democrat of Vermont and the chairman of the Judiciary Committee, and Arlen Specter, Republican of Pennsylvania and the ranking member of the committee, that it was "exercising its substantial market power to the detriment of consumers."


Mortman is prepared to adjust to Our New Congressional Overlords:
With this kind of meddling going on, I’m now resigned to joining the bandwagon. My new position: I hope that Congress demand the Washington Redskins beat the Dallas Cowboys on Sunday. I’d settle for a sense of the Congress resolution, but if they want to withhold funds from the Iraq war effort until the Redskins win the Super Bowl, I’m fine with that.

I just hope I can interest some of them in hockey...


But Perry Eidelbus thinks:

As I left in comments on a friend's blog, it's just the latest legislative blackmail.

http://tinyurl.com/34zbl4

Posted by: Perry Eidelbus at December 28, 2007 9:59 AM
But Perry Eidelbus thinks:

Karol linked to here, filled with comments from all these goddamn morons who like to *force* others to provide them free goods and services. Taxes aren't the only way.

http://tinyurl.com/2by4qh

You have such ignorance as, "Come 2009 anyone who does not have cable service will not be able to see any television, as broadcast TV will no longer exist." As if the networks were doing this, not government (that decided to terminate regular broadcasting so it could sell off the airwaves).

I'd better stop now before I get really, really pissed off.

Posted by: Perry Eidelbus at December 28, 2007 9:59 AM
But jk thinks:

I was reading the comments on the second link (and yours on the first, Perry, well done!).

I don't know if the moonbat ones are the worst, or the more moderate voices who really seem to believe that they somehow own football or have a right to the NFL's private property. One guy starts "With all the money we pay into the NFL..." Huh? If you hold season tickets, you can attend the game in person. If you're a big advertiser, I'm sure you will be able to score a skybox (my Advertising-Agency-Owning-Dad used to get me in to watch the network feed of blacked out games).

Many commenters point out that Senator Kerry (and we) have bigger things to worry about, but I find it pretty disturbing. Hernando De Soto said that the magic of capitalism is built on property rights. This is a shameful episode.

Enjoy the game!

Posted by: jk at December 28, 2007 12:31 PM

Attila! on Rudy!

Attila at Pillage Idiot turns his photo caption skills at Hizzoner, whacking him a bit before admitting "I might actually vote for the guy."

Welcome aboard Team Rudy, Attila, that's pretty much our motto: "I might actually vote for the guy."

UPDATE: How could I have neglected to excerpt the first frame?
rudyP1.jpg

Posted by jk at 6:20 PM | What do you think? [0]

Dave Lindorff is Crazy

Dave Lindorff can not only predict the future, but he also has the ability to relish the potential plight of others:


So the future political map of America is likely to look as different as the much shrunken geographical map, with much of the so-called “red” state region either gone or depopulated.

There is a poetic justice to this of course. It is conservatives who are giving us the candidates who steadfastly refuse to have the nation take steps that could slow the pace of climate change, so it is appropriate that they should bear the brunt of its impact.

The important thing is that we, on the higher ground both actually and figuratively, need to remember that, when they begin their historic migration from their doomed regions, we not give them the keys to the city. They certainly should be offered assistance in their time of need, but we need to keep a firm grip on our political systems, making sure that these guilty throngs who allowed the world to go to hell are gerrymandered into political impotence in their new homes.


He has even reduced the century time-frame that most global warming prognosticators rely upon, saying that,

The area that will by completely inundated by the rising ocean—and not in a century but in the lifetime of my two cats—are the American southeast, including the most populated area of Texas, almost all of Florida, most of Louisiana, and half of Alabama and Mississippi, as well as goodly portions of eastern Georgia, South Carolina and North Carolina.

This piece is nothing but hyperbole. He wants to punish those who do not believe that he and others like him can predict the future. What kind of man gets pleasure from the plight of others who merely disagree with him?

I would be willing to bet a substantial sum that these areas will not be inundated in the lifetime of his cats -- and I would even give them nine lives!

But jk thinks:

Ahh, yes, from the people who care...

I'm thinking his political geography is worse than his meteorology. The coastal areas are deep azure blue, are they not? You're going to submerge Alabama but New York and San Francisco will be okay?

Okay, so Florida loses some electoral votes, but I used to cross Texas in my musician days -- trust me, it's pretty big. Sheila Jackson Lee's district is in trouble, but there will be many dry Republican seats left. Some well placed tides in California might even make California Republican -- surf Bakersfield!

Posted by: jk at December 27, 2007 11:35 AM
But johngalt thinks:

Lindorff is not crazy, he is retarded. His idea of science is to take an average of science related news stories and draw conclusions based upon the "preponderance of opinion." And he calls himself a Progressive? Only in the sense of making progress *back* in time.

The major instrument that makes people like him possible in large numbers is America's public education system and its growing abandonment of objective knowledge in every subject of study. If *that* trend is not reversed then the red states will be overflown by blue hoardes who believe government can make things so (cars getting more energy from the same gallon of gas is a timely example) simply by enacting a law.

Lindorff's closing appeal for the right to say, "Shut up - we told you this would happen," is equally applicable to my prediction as to his.

And as for this Libtard's predictions, HB, I don't just bet against them - I *guarantee* them to be complete nonsense.

The most alarming observation about Dave "The Case for Impeachment" Lindorff's fantasy prognostication is his willingness to completely abandon democracy in order to "gerrymander" the fairy tale ending he so craves. "They certainly should be offered assistance in their time of need, but *we* need to keep a *firm grip* on *our* political systems..." If that's not tacit admission that the blue, mostly urban, areas of *our* country are soviet-style socialist *utopias* I don't know what is.

Posted by: johngalt at December 27, 2007 2:59 PM
But jk thinks:

Don Luskin links as well, attracting this comment:

The twisted fantasy of Dave Lindorff is a great example of the real silver lining within the global warming scam. Lefty moonbats are revealed for what they really are: hate-filled, anti-progress, anti-business, anti-human lunatics. They might not come to an understanding of the Laffer curve in several cat lifetimes but we’ll all know soon enough that this whole movement is just a big alarmist myth. I had great fun making handshake bets at holiday parties that by next Christmas the press, (yes even the mainstream media will capitulate), will be telling a different tale as more scientists come to the forefront and proclaim their disagreement and even disgust with the whole deal. Certainly in my dog’s lifetime this scam will be revealed for what it is and those who truly do care about the environment will realize that the greater cause suffered a setback in credibility from Gore and his ilk.

Posted by: jk at December 27, 2007 5:08 PM
But Perry Eidelbus thinks:

The goddamn idiot thinks that the liberal cities can keep the Atlantic at bay by dike systems?

Let me personally assure you all, when one is driving along Manhattan's West Side Highway for the first time when it rains hard, one can get frightened with the waves looking ready to come onto the pavement. There's no way in hell that a system of "Dutch-style dikes" will protect New York any more than New Orleans was protected.

Oh, and with the Midwest dried up and all its staunch conservatives dead, agricultural exports will drop. Because the U.S. is the *world's* breadbasket, he rest of the world won't be able to feed itself, so there will be famine across the world. Their economies will shrink, and they in turn won't be buying other American exports either. But a loss of jobs will be the least of the surviving liberals' worries. I hope they like cannibalism, because there sure as hell won't be enough food to go around for Americans alone.

Hmm, that new world sounds like "Resident Evil." Since liberalism IS evil, it fits.

"It should be considered acceptable, in this stifling new world, to say, 'Shut up. We told you this would happen.'"

I wholeheartedly agree with this statement, in a different way. That's what the rest of us will say to liberals when we take back our rights by *force*.

Posted by: Perry Eidelbus at December 28, 2007 10:36 AM
But jk thinks:

Heh. Bill Quick suggests the response to "Shut Up" might be Bang! in Be Careful What You Wish For, Unarmed Pussies

Posted by: jk at December 28, 2007 12:17 PM

December 26, 2007

Huck-a-Whack, Evening Edition

There is a reason Fred Thompson has a rule against hats...

2008 Race Posted by Harrison Bergeron at 9:47 PM | What do you think? [5]
But johngalt thinks:

If you're going to do a "gun-totin' photo op" in December...

But it's worth the risk for Huck to display himself in *God's* creation working with one of *God's* creatures to hunt down and kill another of *God's* creatures with *God's* infamous gas-recoil semi-automatic 12 gauge shotgun with synthetic stock and mossy oak finish. And he shows his common-man ethic by doing all this in the company of a pair of fellow non-primate descendent sons of Adam.

Well, at least he's not a vegetarian.

Posted by: johngalt at December 27, 2007 3:20 PM
But jk thinks:

Funniest. Comment. Ever. Well done, jg. Awesome post, hb. Not sure even Geri would look good in that.

Posted by: jk at December 27, 2007 7:16 PM
But Perry Eidelbus thinks:

Let's see. The leading Democratic candidate says people should vote for her because she's a woman.

Now one of the new leading GOP candidates wants to look like a good choice because he can blow away a small bird?

I'm not a tree-hugger by any means, but I have a soft spot for animals, and I fail to see why killing such a creature is worthy of a "sportsman." My sister and her husband like to hunt bears, let Hucksterbee try that.

Posted by: Perry Eidelbus at December 28, 2007 11:22 AM
But jk thinks:

Without "*God's* infamous gas-recoil semi-automatic 12 gauge shotgun with synthetic stock and mossy oak finish." I'd spot him one of *God's* classic Bowie Knives with a Bakelite® handle...

Posted by: jk at December 28, 2007 2:13 PM
But jk thinks:

Bonus Whack: Bad hunting form

Posted by: jk at December 28, 2007 4:43 PM

A Thank You Letter

On Michael Yon's site from LTC Jim Crider, thanking America for letting him serve us so proudly.

The experience of war changes people. For some it is a negative change but most manage to absorb the experience and use it to make themselves stronger. I have said goodbye to a mortally wounded soldier in the hospital, spoken to grieving family members of our casualties, and tried to comfort soldiers who just lost their best friend in a single violent moment. I have been under fire, looked insurgents in the eye, and seen corruption up close. I have also seen people emerge from oppression and live with hope for the first time in years. I have seen children reach up and grasp the hands of American soldiers just because they trust them. I have felt the desire to help and then been given the resources to do it. Finally, I have felt the close knit camaraderie that develops when you serve with a group of people fighting for a cause larger than self. Yes, this experience has changed me. I am stronger, more driven, and humbled all at the same time.

Those who know me know I am not often speechless. But this one time...read the whole thing.

Hat-tip: Insty


Huck-a-Whack, Boxing Day Edition

I hope the Governor enjoyed his Christmas off. I thought of letting the spirit of Christmas pervade me and setting aside the Quotidian Huck-a-Whack® Then I saw this:

But as Huckabee now mounts his closing argument for the Iowa caucuses, he has moved full bore into the rhetoric of economic populism. "I am out to change the Republican Party. It needs changing. It needs to be inclusive of all those people across America for whom this party should stand," he said Sunday, on CBS's Face The Nation. On the trail, he speaks regularly of challenging the "Washington to Wall Street power axis." He frankly acknowledges the suffering of the stagnating middle class, and even offers up government as a part of the solution. "The President ought to be aware that the people struggle," he said in Muscatine on Friday morning. "He ought to be aware every time a decision is made — whether [or not] it's to raise taxes — how it's going to hurt the family out there, who can barely pay the grocery bill as it is."

At some of these events, if you close your eyes, you would think a Democrat was speaking — Barack Obama or Hillary Clinton turned southern Baptist. "I really think that a lot of people who are elected to government forget," Huckabee will say. "They are not elected to the ruling class but to the servant class."


Hat-tip: Hugh, who says The GOP does not need changing. I don't know about that, but I cannot argue with his follow up:
What the GOP definitely does not need is neopopulism, class warfare, and identity politics of the sort Mike Huckabee has been selling the last four weeks. Huckabee's lunge left may not have been premeditated, but it clearly displayed a candidate with no anchor in the GOP's tradition of fiscal restraint, free trade and low taxes and a very limited understanding of the world's most dangerous forces.

I also agree with Hugh's close. This may sell in Iowa, but this is not a winning GOP strategy.

But Perry Eidelbus thinks:

Whosoever believeth the lies of the Hucksterbee, let him be damned.

And um, Hugh Hewitt needs a history lesson. The GOP now is for free trade, but it hardly has a tradition of it. Abraham Lincoln was a protectionist, touting the Republican Party's Whig heritage that favored a "high, protective tariff."

Which president signed Hawley-Smoot? Hint: the same one who tried to "fix" the Great Depression early on with massive tax hikes and work programs. NOT Franklin Delano Roosevelt -- FDR merely continued what was started before him.

FDR instituted rationing. Which president worked with the Fed to initiate the first-ever price controls?

Posted by: Perry Eidelbus at December 26, 2007 3:31 PM
But jk thinks:

Yeah, Hewitt is a little more generous toward the party than I am feeling these days. To be fair, I take that quote out of context, he sez:

The GOP does not need "changing." It needs reminding and it needs energy in its new leader. It needs to recommit to its traditional stand against excessive spending and the growth of government...

I will defend the GOP a bit. It has stood against "neopopulism, class warfare, and identity politics of the sort Mike Huckabee has been selling." It disturbs me that they are not more dedicated to free trade, but against Senator Clinton who wants to roll back NAFTA, they remain a far least-worse camp.

Posted by: jk at December 26, 2007 6:06 PM
But Perry Eidelbus thinks:

Hewitt is such a GOP shill. That quote is even worse.

"its traditional stand against excessive spending and the growth of government..."

That's a load of horse****. The GOP came from the Whig Party, as I said, and started with a tradition of *big* government. Lincoln was "The Great Centralizer" who expanded the federal government far more than any of his predecessors (perhaps combined). As I coincidentally was telling a friend at lunchtime today, Milton Friedman once pointed out that the federal government until the Civil War functioned on revenues generated almost solely from a modest import tariff -- a uniform one that favored no nation over another, and whose purpose was to fund a minimal federal government. Well, Lincoln brought back non-commodity-backed paper currency, instituted the first income tax, instituted the first-ever draft, and suspended habeas corpus. Two of these were later found unconstitutional; it's a shame all four weren't. Scholar Tom DiLorenzo has also noted that Lincoln had 300 newspaper editors thrown into prison, because of their writings against the Civil War. (And people accuse Bush of stifling freedom of speech???)

You can read more in an older post of mine, "The big government traditions of the GOP." http://eidelblog.blogspot.com/2006/07/big-government-traditions-of.htm

Teddy Roosevelt was a "progressive" who liked government to start doing more for the people, such as the relative few to enjoy "national parks" courtesy of the tax dollars of the many.

Calvin Coolidge was the first supply-sider president, if only because he was only the second to preside under an income tax. Unfortunately, he hardly established a tradition of low taxes and limited government. Hoover's and Nixon's sins I already documented above.

It wasn't until Bill Buckley, and then Goldwater, that the GOP started shifting toward limited government. Even then, it was mostly only *talk*. Spending never decreased under Reagan or either Bush. The best we could hope for was a tax cut -- equivalent to hoping a mugger will only take your cash and leave you your credit cards.

Posted by: Perry Eidelbus at December 28, 2007 1:50 PM
But jk thinks:

Well, I'm a GOP shill and the only time I really care for Mr. Hewitt is when he is shilling.

I love history, Perry. I'm writing a history book. But I don't know the value of party history beyond academic interest. I shill for the Reagan and post-Reagan GOP. I don't accept TR, Hoover or Nixon policies any more than Speaker Pelosi celebrates the Dixiecrats who blocked civil rights legislation.

I'm not certain where the Whigs stood on identity politics, but I am comfortable backing Hewitt's claim that -- for all its flaws -- the Republican party of my voting years has clearly been the better party for those opposed to "neopopulism, class warfare, and identity politics of the sort Mike Huckabee has been selling."

Posted by: jk at December 28, 2007 2:06 PM

More Important Issues

We have talked about Hillary's cleavage and Obama's "blackness", so it is only fitting that we must now turn to Mitt Romney's hair:


Romney has all the advantages: money, organization, geographic proximity, statesman-like hair, etc.

Even Paul Krugman is tired of the main issue of the election:


It’s hard to feel sorry for Mitt Romney — and actually, I don’t. Still, he may be the first candidate to receive two “undorsements” that mention, as one of his flaws, that his hair is too good.

2008 Race Posted by Harrison Bergeron at 12:42 PM | What do you think? [1]
But jk thinks:

Reaganesque hair.

Posted by: jk at December 26, 2007 1:28 PM

Does 2.4 Really Lack Luster?

The WSJ News pages report "Stocks Drop on Weak Retail." Huh? I had heard that they were up 3.8% YOY -- not bad for the middle of a housing recession that has most Americans living in Tent Cities.

The next article points out that the 3.8 figure was 3.6 and that it included lots of expensive gas.

The 11th-hour rush helped strengthen a weak holiday season. From the day after Thanksgiving to midnight Monday, total retail sales, excluding automobiles, rose 3.6% over the previous year, according to MasterCard SpendingPulse, a unit of MasterCard Advisors. But factoring out spending on gasoline -- which soared thanks to a 27% average price increase since this time last year -- retail sales increased a lackluster 2.4%. Industry forecasts had predicted gains of 3.5% to as high as 4.5%.

Maybe you don't throw a party for 2.4%. or give your staff the week off. But the mercenary bears on Kudlow & Co. have been saying that the recession has already started and that the consumer has thrown in the MasterCard. I think 2.4 growth in a difficult year is a pretty good sign.

But Perry Eidelbus thinks:

One of my economics commandments: thou shalt not measure an economy by consumer spending alone.

Spending doesn't matter as long as the economy grows overall. Employment, REAL employment that creates well, depends as much on savings as on spending.

Posted by: Perry Eidelbus at December 26, 2007 3:46 PM
But Perry Eidelbus thinks:

I should add: GASOLINE COUNTS AS MUCH AS ANYTHING ELSE! It counts as much to economic growth as groceries, rent and business investment.

Posted by: Perry Eidelbus at December 26, 2007 3:47 PM

December 25, 2007

Global Schwarming!

For the second Christmas in a row, I am snowed in and cannot attend the family functions. Last year, I missed my family's, my wife's family's, and a rescheduled event.

To be honest, there is not a lot of snow up here. But I heard that there was 6-8" at my destination and it is still coming down. It does not help that I have the world's worst snow car, with bald tires.

I'm not complaining, mind you -- we have food, wine, and broadband. It will be a while before we have to eat some of the weaker ones...

Merry Christmas!

But johngalt thinks:

Being an odd numbered year we're Christmasing in Sunny Seattle (several of us have corroborating stories of a five to ten minute period of unmitigated direct sunlight this morning) but we're even seeing some snowfall here. Nothing that will have to be shoveled, mind you. Clearly the Globe is Warming Deleteriously and the cause is obviously Anthropogenic.

If it makes you feel better JK, our Lafayette based horse sitter called us to say the roads are too icy for her to safely trek to Atlantis Farm and nourish our equines. We had to call on an intrepid and irreplaceable neighbor to pinch hit for this evening.

And that d@mn3d Weather Link software I have to run on my PC to upload observation data to the internet isn't working. (There's something about going to Seattle that causes all of my automated processes to cr@p the bed within 24 hours.) Apologies for the "No Data" Atlantis Farm weather applet. This may be the last straw in my debate over buying the brand new direct IP connect version. Maybe it will restart itself automatically.

Posted by: johngalt at December 25, 2007 4:40 PM
But jk thinks:

Merry Christmas to the Machos from us!

I wondered if your transmitter had iced over like a satellite dish. Good old Colorado, it's sunny this morning and all will be fine before noon.

Thank NED for neighbors. My across-the-street, reciprocal-dog-sit neighbor has shoveled my walk for the past two years. I hire out the yard work but I would not have been able to stay here without him. I have offered to purchase a new snowblower but he has so far taken this task on unremunerated (I guess I am a dirty hippie after all).

Posted by: jk at December 26, 2007 11:05 AM

December 24, 2007

Didn't Ted Nugent Write About Tent Cities?

No. Wait. That was "Intensities in Ten Cities."

ThreeSources friend Perry Eidlebus has submitted the leading nomination to Don Luskin's "most insanely exaggerated news story concerning the housing market slump." It's a goodie:

ONTARIO, Calif., Dec 21 (Reuters) - Between railroad tracks and beneath the roar of departing planes sits "tent city," a terminus for homeless people. It is not, as might be expected, in a blighted city center, but in the once-booming suburbia of Southern California.
The noisy, dusty camp sprang up in July with 20 residents and now numbers 200 people, including several children, growing as this region east of Los Angeles has been hit by the U.S. housing crisis.

The unraveling of the region known as the Inland Empire reads like a 21st century version of "The Grapes of Wrath," John Steinbeck's novel about families driven from their lands by the Great Depression.

As more families throw in the towel and head to foreclosure here and across the nation, the social costs of collapse are adding up in the form of higher rates of homelessness, crime and even disease.


This is from The Guardian's business section. That's gotta be like being "Gay Pride Editor" at National Review, or the Faith and Religion section of The Objectivist Newsletter.

But Perry Eidelbus thinks:

It's a Reuters article that I first read on Yahoo. When I e-mailed Don, I used the Guardian's link because it was the most permanent of the choices. Yahoo's news links tend to expire after a couple of weeks.

Posted by: Perry Eidelbus at December 26, 2007 3:38 PM

Ho, Ho, Ho, Merry Huck-a-Whack

I'm prepared to take Christmas Day off, not sure about hb.

But this is Christmas Eve, and Larry Kudlow has shared some thoughts on Governor Huckabee which closely match my own:

[W]hen I had Governor Huckabee on, what was it, last week or the week before, I had a bout with him. I went at it. He wants to, if need be, have government regulate salaries. I think he’s crazy. I don’t think he understands the free market business system. He’s not good on taxing, he’s not good on spending, he’s not good on free trade. In other words, all the prosperity factors seem to be Mr. Huckabee’s weakness. I don’t think he understands it. He’s just out of tune with all measures of free market, supply side economics. You know, it isn’t his religion, and I admire his religion. I personally am a man of faith. I regard myself as an Evangelical, the fact is. But it’s not his religion, it’s his positions. Condi Rice came out of the State Department. Hell, I haven’t seen her in about a month or two. She came out and attacked him because of his [naiveté] on dealing in international affairs with Iran and others. He doesn’t seem to understand power politics, and that we are in a jihadist global war.

Other than that...

But johngalt thinks:

And the worst that can be said of Fred! is being President of the United States isn't his life's ambition. Well, the worst thing a *conservative* can say, anyway.

Posted by: johngalt at December 24, 2007 6:38 PM
But jk thinks:

You about have me, jg. I'd love a lazy President, can we exhume Silent Cal?

Seriously, I have liked a lot of Senator Thompson's positions and would be very happy to call him "My President Fred!" The question becomes, if we give him the GOP nomination, will he give his all to winning the general?

A lazy President would rock -- a lazy candidate, not so much...

Posted by: jk at December 25, 2007 2:40 PM

December 23, 2007

Ron! Visits with Jim!

Just what the Doctor ordered. An aggressive host egging him on in a TV interview. Cramer makes Rep. Paul look quite reserved and presidential.





Congressional oversight from our 535 expert central bankers is the answer? I'll definitely choose a gold peg over that. The Fed Chairman is appointed by the President and confirmed by the Senate.

The longest tenure for a Fed Chairman is 18 years, 9 months, and 29 days (I'll take FOMC for 600 Alex), served by William McChesney Martin Jr. from 1951 to 1970. We were under Bretton-Woods the whole time, it's no wonder he was not exhausted.

The position requires a certain freedom from politics. More Congressional oversight? No thanks.

But Perry Eidelbus thinks:

OK, I needed a reminder of why I can't listen to Cramer for more than 20 seconds, but I endured this because of Ron Paul.

Paul isn't talking about "oversight" in a perpetual sense, but an investigation -- an audit of the Federal Reserve. Why aren't Greenspan and Bernanke being held accountable for what they've done?

Actually, a gold standard is a necessity *when* you have a central bank. It is the only way to keep a central bank in line, especially when a Fed chairman was nominated on an apparently sound record but goes on to wreak havoc. In this wise, Bernanke and Greenspan are the Fed's equivalent of David Souter.

Posted by: Perry Eidelbus at December 24, 2007 1:03 PM
But jk thinks:

I liked Cramer when he was paired with Kudlow. And I was intrigued by the originality of his new show (and his encyclopedic knowledge), but you are right, I really cannot hack him anymore.

Okay, we do a one time audit. Which of our 535 central bankers will you trust to say "this was the right interest rate at this time?" Rep Franks probably understands it, but I do not trust his motives. How many others do you think actually understand what the FOMC does? You're going to give them all a whack at Chairman Bernanke, I can't think of one whose opinion I would prefer to "Helicopter Ben's."

Posted by: jk at December 24, 2007 3:52 PM
But Perry Eidelbus thinks:

The audit wouldn't be done by Congress, but by independent experts in forensic accounting. The purpose of the audit has nothing to do with the Fed governors' choices of interest rates, but to gauge its performance, and to make sure every dollar is accounted for.

Posted by: Perry Eidelbus at December 24, 2007 4:30 PM
But jk thinks:

You think Bernanke and Greenspan are guilty of malfeasance? Tucking extra 20's in their underpants like Sandy Berger?

It seems Cramer wants Greenspan put in the stocks for having rates too low and Bernanke in for keeping them too high and then setting them too low -- all at the wrong time.

You have three or four economists on Kudlow & Co. every night giving four different versions of "coulda, shoulda." And each is smatter and less conflicted than 90% of Congress.

Posted by: jk at December 25, 2007 3:05 PM
But Perry Eidelbus thinks:

You're still partially going by "oversight" and "audit" involving what interest rates should have been. That's not what I and other critics of the Fed are talking about. Embezzlement isn't the issue, but then again, no one should be assumed to be above reproach.

What we're talking about is things like the Fed's ability to create money by buying federal bonds: it creates new dollars and ships them to the U.S. Treasury in exchange for U.S. Treasury bills. This is one way that the FOMC controls (meaning "expands") the money supply. Are we simply going to trust that the Fed is sending everything over, especially in these days of electronic records?

And you realize, of course, that we pay interest to all holders of U.S. Treasury securities. The Fed is an arm of the federal government but yet keeps itself financially separate. Why the hell should our taxes pay an entity to reduce the value of our money?

Posted by: Perry Eidelbus at December 26, 2007 3:59 PM

Huck-a-Whack, December 23, 2007

Steven Stark writes:


George Will doesn't like him. Neither, apparently, does Rush Limbaugh. The Bush wing of the party now apparently distrusts him. He hasn't done well by Drudge (at least so far) and today even Peggy Noonan has her reservations.

The good news for Mike Huckabee is that he's doing one hell of a job of reuniting significant portions of the old Reagan coalition. The bad news is that it's increasingly arrayed against him.

2008 Race Posted by Harrison Bergeron at 8:12 AM | What do you think? [2]
But jk thinks:

He's a uniter, not a divider. The establishment GOP (Will, Noonan), social conservatives (NR, Rush, Hugh Hewitt, Ann Coulter), and libertarian-leaners (CATO, Club for Growth) haven't gotten along this well in decades -- pass the fruit punch!

Posted by: jk at December 23, 2007 12:23 PM
But HB thinks:

If I was a Clinton, I would be inclined to think that this was part of some vast right wing conspiracy!

Posted by: HB at December 23, 2007 6:42 PM

December 22, 2007

Life Imitates The Onion

You may recall that The Onion recently reported that the top issue of the campaign is bullshit. Joel Achenbach apparently got the memo as he writes:


I heard the other day that Mitt Romney is so careful with his weight that he will pick the cheese off his pizza. Then I heard from another source that he eats pizza with a knife and fork. That's two sources, two angles: That's practically confirmation.

I just can't imagine the American people electing as president someone who does that to pizza. I'm not saying a president has to have a special knack for eating pizza - what you call "pizza talent" - but he or she has to respect the pizza, and look comfortable with it.

You want, as a voter, to be able to say, "He looks like he knows his way around a pizza."


I will outsource the commentary to Duncan Black:

There really is practically nothing worse about campaign coverage than Beltway elites imagining how "reglar folks" live and eat and then demanding that presidential candidates pretend that they're just like that!

Who the f**k cares how Mitt Romney eats his pizza?
Just kill me.

2008 Race Posted by Harrison Bergeron at 7:48 AM | What do you think? [2]
But jk thinks:

I don't know that I'll abandon Mayor Giuliani if I find he eats his linguini with a spoon, but I am thinking that many Americans have a moderately rational aversion to elitism.

This blog was set up on a Philadelphia - Colorado axis, and we had some good laughs at Senator John Kerry's muffed cheesesteak order in the 2004 general election.

Posted by: jk at December 22, 2007 6:46 PM
But Perry Eidelbus thinks:

Doesn't anyone remember that buffoon Jean-Francois Kerry trying to eat a hotdog, trying to prove he's a regular Joe?

Oh, and the proper way to eat a pizza: however you fricking want. The style here in New York is "the fold," which I dislike. It's not some damn panini. So my personal preference is to bend it sufficiently to hold it in my palm, eating it as fossil record of crust, sauce and toppings.

Posted by: Perry Eidelbus at December 24, 2007 10:20 AM

Huck-a-Whack, December 22, 2007

Huckabee panders to a seven year old (and fails):


"Who is your favorite author?" Aleya Deatsch, 7, of West Des Moines asked Mr. Huckabee in one of those posing-like-a-shopping-mall-Santa moments.

Mr. Huckabee paused, then said his favorite author was Dr. Seuss.

In an interview afterward with the news media, Aleya said she was somewhat surprised. She thought the candidate would be reading at a higher level.

"My favorite author is C. S. Lewis," she said.

2008 Race Posted by Harrison Bergeron at 7:41 AM | What do you think? [1]
But jk thinks:

Huck-a-Whack doesn't sleep. Huck-a-Whack doesn't rest on weekends. Huck-a-Whack is ever vigilant.

Posted by: jk at December 22, 2007 7:23 PM

December 21, 2007

Putting the But First

No, I'm not offering a lesson on skating backwards, just giving some props to AP Economics Writer Martin Crutsinger. Most AP writers will provide some good economic news, followed by but, as in "GDP growth was revised up to 7.9% today, but concerns about Abu Ghraib, global warming, and lead paint in Chinese toys still rattled consumers."

That's child's play. Crutsinger provides some good news, but he goes butt first, to prevent your giddy enthusiasm from making you drop the paper and missing the dark cloud behind the silver lining:

WASHINGTON (AP) -- Consumers put aside worries about slumping home sales and soaring gasoline prices and headed to the malls in November, pushing spending up by the largest amount in 3 1/2 years. The better-than-expected surge lessened fears of an imminent recession.

I'd comment further, but I am so worried about slumping home sales and soaring gas prices (in my neighborhood, they have "soared" from $3.09 to $2.89), I can't really continue. Have a good weekend, y'all!


Ruffini on Rudy!

Patrick Ruffini remains a shining star over at Hugh Hewitt's site. I like Hewitt but his (may I call it Nativism?) and his unabashed shilling for Governor Romney cause my eyes to roll and my heart to sink. Still, I think he represents a good sized wing of the GOP, and I'd rather hear it from Hugh than most others.

Ruffini gets the Gold Star for his Giuliani support in that hostile environment. But even Patrick has caught the Giuliani Ennui:

I hate to say this, but I don’t think Rudy wants it badly enough. He has a bit of a Fred Thompson problem about him. He hasn’t said anything particularly distinctive or memorable the entire campaign. His lows haven’t been very low, and his highs haven’t been very high. There is no one big thing his campaign is about — first, there were twelve, then there was a laundry list of his accomplishments as a Mayor; then, there were a series of issue spots that failed to move the needle in New Hampshire. You would think the guy who sparred with the media and his opponents on an ongoing basis in New York, who fundamentally got that leadership after 9/11 was all about projecting confidence and strength, would understand that Presidential contests are about narrative and confidence and conflict — not (primarily) about issues.

It's a comprehensive and smart piece, well worth a read in full. I haven't defected but his Fredness has moved into a razor-thin second place for me (Geri and the Fire hat!) But Giuliani is still resting on his superb Kudlow interview. I haven’t heard anything uplifting between that and his Christmas message. I still want him to win, but Ruffini is right, he has to give a reason more compelling than NYC crime stats from the 20th Century.


Huck-a-Whack, December 21, 2007

Can't let the people down, today's Quotidian Huck-a-Whack comes from WSJ's Kim Strassel. In addition to polity qualms, she suggests that the veteran of hardball Arkansas politics has not yet been vetted as closely as other names.

The obscure governor from Arkansas is, in contrast, a deep sea for media diving. Most recent have been stories about his pardons and commutations, as well as the news that R.J. Reynolds contributed to Action America. Mr. Huckabee -- who now wants a national smoking ban in public places -- responded that he never knew he accepted tobacco money, which has inspired a former adviser to claim Mr. Huckabee is being "less than truthful." What's next?

The GOP is still reeling from its financial scandals, which helped Democrats tag the party with a "culture of corruption" in last year's congressional races. A Huckabee nomination would also neutralize one of the biggest weapons against nominee Hillary Clinton -- her own ethically tortured past. If the subject came up at all, it would be a race to the Arkansas bottom. A matchup with Barack Obama could be worse, since the "politics of hope" senator has so far avoided scandal and could bludgeon Mr. Huckabee on his past.

Democrats know it. Here's an interesting statistic: Since the beginning of 2007, the Democratic National Committee has released 102 direct attacks on Mitt Romney. Rudy Giuliani has warranted 78; John McCain 68; Fred Thompson 21. Mike Huckabee? Four. The most recent of these landed back in March. GOP voters may not have examined Mr. Huckabee's record, but the left has -- and they love what they see.

So far, GOP voters do, too. Most appear attracted to Mr. Huckabee's image as a "sincere" and "genuine" guy. The former governor may be both of those, but he's also got a past. Voters are going to want to look before they leap.


If they'd look at all...


Never Mind.

Byron York wonders "Why Isn't Anyone Paying Attention to This?" The NYTimes, not exactly in the bag for Giuliani, now admits that the non-scandal is a non-scandal.

The headlines have dogged Rudolph W. Giuliani's presidential campaign for weeks. "Security costs for trysts draw attention," said one. The articles questioned whether, as mayor, Mr. Giuliani tried to hide his visits to Judith Nathan in the Hamptons by burying the associated security costs in the budgets of obscure mayoral agencies like the Loft Board.

The answer is not likely, according to a review of the city records originally cited as the basis for the assertion.


Personally, I think the Romney and Huckabee campaigns would be well served by admitting this. They would look very sporting emblazoning their web sites with: "GIULIANI USED LEGITIMATE FINANCING FOR NYPD ESCORTS ON INDECENT, EXTRA-MARITAL, LOVE TRYSTS!!!!"

Hat-tip: Insty


December 20, 2007

Huck-a-whack, December 20, 2007

Jonah Goldberg, on spotting the Arkansas Governor as another "compassionate conservative:"

One of my favorite movie scenes is from Jaws 2, when Roy Scheider (an underrated actor) is trying to convince the town council that he’s spotted yet another shark lurking off the waters of Amity. “But I’m telling you, and I’m telling everybody at this table, that that’s a shark. And I know what a shark looks like, because I’ve seen one up close. And you’d better do something about this one, because I don’t intend to go through that hell again!”

If you’re wondering why some of us have become so vexed by the sightings of Mike Huckabee’s dorsal fin above the choppy waters of Iowa-caucus polling and even out in the high sea of national polls, poor Chief Brody’s panic might help you understand. We’ve seen this before.


Sen. Salazar Responds

To my letter:

Dear John:

Thank you for sharing your thoughts with me regarding federal agriculture subsidies. I appreciate hearing from you.

As someone who grew up on a family farm and ranch, I recognize the importance of ensuring the viability of our small producers and the future of rural America.

I understand your frustrations with large farms receiving the vast majority of federal agricultural dollars. I believe it is important to provide a strong and efficient safety-net for our small and medium-sized family farmers, and do all we can to direct agricultural payments to those who need them most.

The 2007 Farm Bill makes a number of important reforms that will improve the integrity of federal subsidy payments. The bill lowers the Adjusted Gross Income eligibility limit by seventy percent; eliminates the three-entity rule; requires direct attribution of subsidy payments; cuts the maximum annual subsidy payment allowance by five percent; and denies subsidy payments to owners of land that had once been used for agricultural production but is currently used for residential purposes. All told, these reforms will help reduce federal spending for the commodity title by $7.5 billion over the next five years.
I supported these reforms, and I also joined an overwhelming majority of my colleagues in the Senate to pass the 2007 Farm Bill by a vote of 79-14. The Farm Bill now awaits action in a House-Senate conference committee.

Again, thank you for taking the time to share your views. Please rest assured I will keep them in mind as Congress continues its work on the 2007 Farm Bill.

Sincerely,

Ken Salazar
United States Senator

But Perry Eidelbus thinks:

So as someone who grew up sucking at government's teat, he continues to support the notion of stealing money from Peter to make a livelihood for Paul.

What a bastard.

Posted by: Perry Eidelbus at December 21, 2007 12:23 PM
But jk thinks:

Yup. As Democrat bastards go, I think he might be one of the better, but it was a heartbreaking loss in 2004. Pete Coors would have made an outstanding Senator and, I suspect, have been a favorite around ThreeSources. Sigh.

Posted by: jk at December 21, 2007 12:32 PM

"Crass" Commercialism

Don Boudreaux writes a letter to USA Today Editors, responding to an article about "crass consumerism:"

Commerce is peaceful. It involves sellers working hard and taking risks to bring to market goods and services that consumers want to buy. No one forces anyone to do anything; all is voluntary.

What truly is crass is politics - that sorry spectacle of power-seeking ego-maniacs who, when not pronouncing platitudes, are promising to help group A by picking the pockets of group B. While commerce is honest, politics is duplicitous. While commerce is peaceful, politics inevitably pits citizen against citizen.


Hat-tip: Samidata


Oh Happy Day!

Rep. Tancredo has dropped out of the GOP Presidential race, Senator Trent Lott has resigned his Senate Seat -- can Sen. Ted Stevens's arraignment be far behind?

Seriously, I thank Tancredo and Lott for their service, but I am happy to be moving on.


Me and Vlad

As a former TIME Magazine Person of the Year laureate myself, I was saddened by this year's choice. I don't line up with Hugh Hewitt and Governor Romney too frequently, but they are right this time.

General David Petraeus should have been the pick. Putin will use the cover to propagate totalitarianism, Petraeus -- and the troops -- should be rewarded for their unexpected and improbable accomplishments.


December 19, 2007

Rudy!




I liked it. Ann Althouse laughed through burning retinas caused by the vest, Glenn Reynolds was glad there were no floating crosses.

UPDATE: K-Lo at NRO Corner links to Senator Clinton's version, pointing out that "[a] Republican candidate could play the footage pretty much straight and have a negative ad."

UPDATE II: Insty also links to Ron Paul's. It's very good. But I kept expecting the kids to sing about the Gold Standard or the "illegal war in Iraq!"


Lock Up Your Daughters!

I know and appreciate that Americans are a forgiving people. But am I the only one who thought that a Bill Clinton - Magic Johnson show may not be the most female-empowering message that Senator Clinton's campaign can send?

Taranto links to this WaPo column. He is amused that the candidate is not mentioned until the third paragraph. I encourage any ThreeSourcers who do not value Senator Clinton's candidacy to read it. Were the Weekly Standard this dismissive, it would be called hate speech:

What's missing? Try kids. You might have expected that an event at the Boys & Girls Club would feature hundreds of screaming children running around singing Hillary victory songs. Except for a few young ones, it was a crowd, of Hillary supporters in the latter stages of life. A large number of them were members of the American Federation of State, County and Municipal Employees, a union that has endorsed Clinton.

"Look at the crowd here," says Dhirendra Vajpeyi, a 61-year-old political science professor at the University of Northern Iowa. "It's older than Obama's. I talk to my students and they have real reservations about Hillary and her sincerity. They don't have a good feeling."


On page two, they do mention past transgressions:
[B]oth men have suffered public moral lapses only to find redemption. When Johnson disclosed he was HIV-positive, it brought to light his private misdeeds, but in time he became an advocate for AIDS research and health. Likewise Clinton weathered the storm of the Lewinsky scandal and impeachment and has become involved in humanitarian causes.

I like redemption, don't get me wrong. I'm all for it. I'm just sayin'...


Ain't You Glad You Joined the Republicans?

That's an Abraham Lincoln quote, and the title of a funny book.

I thought of it reading John Fund in the Political Diary on the importance of turnout and weather in the Iowa Caucuses:

One reason some Democrats may skip the event is that Democratic caucuses are not the businesslike affairs the GOP caucuses are. At a Republican caucus, voters show up, listen to very short speeches, fill out a slip of paper, drop it in a box and leave. At a Democratic caucus, voters show up at 6:30 pm and vote for delegates for each candidate. But first they must listen to short speeches on behalf of all the candidates. With a half-dozen or more candidates, that takes time. Then everyone breaks into "preference groups," with voters gathering in various corners of the room to express support for a given candidate. If a candidate doesn't receive 15% or more support, his or her supporters must join another candidate's preference group. In most of Iowa, this effectively means only Hillary Clinton, Barack Obama and John Edwards will elect any delegates to the local county convention, which is held later. It also means that a voter's second choice can be highly important in who actually wins. Ominously, while Mrs. Clinton has many supporters, she's not the second choice of many Obama or Edwards backers.

Further complicating matters is that rural areas are given more weight than urban ones in selecting delegates. In a small town, 25 caucus-goers might carry as much impact as 250 who stop by a downtown Des Moines caucus.


Every year I get a little less proud of my party, although when they put Rep Don Young and Sen. Ted Stevens in prison, I'll bump up. But reading this, it looks like the GOP gets the better deal.


A Tale of Two Tales on the Omnibus Spending Bill

First, as is my custom, I read the Wall Street Journal. The Editorial page offers "One Budget Cheer" for the President. (free link)

As we at the Journal debated Washington's latest spending deal yesterday, one of our tribe noted that it is the best budget of the Bush Presidency. To which someone else quipped that that was "the soft bigotry of low expectations."

They enumerate the good, bad and ugly
The good news is that Democrats conceded to Mr. Bush's spending cap of $933 billion in domestic discretionary spending for 2008--or $22 billion less than Democrats proposed in their spring budget resolution. Over five years, that $22 billion will save about $205 billion because it won't become part of the annual "baseline" that the pols use as a starting point for next year's automatic budget increases. This is a modest but real victory.

[...]Gone are limits on union disclosure reports. Gone, too, is an expansion of Davis-Bacon demands to pay prevailing union wages even on non-union work sites[...]

Oh, and Congress is also funding the wars in Iraq and Afghanistan to the tune of $70 billion--something Democratic leaders had vowed not to do.

And yet this is hardly a lean or mean budget. When combined with the Defense spending bill that has already been signed, Congress will still exceed Mr. Bush's $933 billion "top-line" thanks to about $11 billion in budget gimmicks and "emergency" spending.


And pork, pork, pork.

I was planning to post this with a contrarian pragmatist commentary, even though I got "bit in the ass" a couple of days ago. We have two houses of Democrats, the President needs to fund the war, I figured this as a pretty good day's work. But I'm still a little sore form that bite.

Don Luskin gives me cover. He calls it Sweet Victory and says that the good guys are going to win.

Following repeated veto threats, the compromise now -- approved 76-17 by the Senate -- cuts $17.5 billion from prior House-passed bills or about 80% of what Democrats once hoped to add to the president's top line.

And offers "frosting on the cake:"
The Democrats’ yearlong fight to boost federal spending on children’s health insurance ended with a whimper Tuesday.

After coming up short in their efforts to enact a $35 billion expansion of the State Children’s Health Insurance Program (SCHIP) — enduring two presidential vetoes along the way — congressional Democrats signed off on Republican demands to extend the program until 2009.


Ten points for a T.S. Eliot allusion, and 20 for the Congressional GOP. The SCHIP defeat is important in a way that cutting pork is not. I'd love a lean budget, I'd love last year's levels, I'd love to have Mitt Romney's hair.

The war is important. The SCHIP battle was important. The Democrats control both houses. Most Republicans are completely worthless. Factor all this in, and count me in the victory party with Mr. Luskin.

UPDATE: Make that Three Americas. The Club for Growth won't go as far as the WSJ. They list the no votes with congrats.


December 18, 2007

Tale of Two Cities

A good friend of this blog emails a video link. Drew Carey finds one SoCal town (out of two) doing development right:


Posted by jk at 7:34 PM | What do you think? [0]

The Cackle

Just a thought. The more I hear Senator Clinton's "Cackle," the more I start to miss Governor Dean's "Scream.'


dyabyday121807.jpg


December 17, 2007

Quote of the Day

Samizdat Perry DeHavilland points out the popularity of multi-bird roasts, then shares a comment he left on the site to which he links:

This year for Christmas we are having one of these wonderful multi-birds and I am very much looking forward to it. However after reading some of the comments here, next year we are going to eat a PETA activist stuffed inside a Greenpeace activist stuffed inside a Animal 'Rights' activist stuffed inside Gordon Brown's voluminous carcass (with a non-'Fair Trade' apple stuffed into his mouth).

Merry Christmas and God Deliver Us All... from priggish activists of all stripes.


Merry Christmas, Perry!


Review Corner -- Last Minute Gift Idea

I make no secret of my appreciation for James Lileks. I think I have bought all of his books, and have given many as gifts -- some of the biggest gift hits.

I bought Gastroanomolies when it came out even though I was concerned. After The Gallery of Regrettable Food was there enough material? Was the master going back to the well too many times?

NO! I finally picked it up yesterday to flip through a few pages. I read it cover to cover and laughed out loud through most of it. It is even better than TGORF. I ordered it for a gift today and recommend it highly as a gift or personal purchase. I cannot imagine anyone who would not enjoy it (it's probably too PG-13 for the very young or delicate). Five starts -- it's Lileks.


Will on Subprime (Hillary Picture)

George Will has a pretty good column on subprime bailouts. It's worth a read. Mostly, it is worth reading on the NY Post's website, because they illustrate it with the worst picture of Senator Hillary Clinton ever displayed. Keep in mind the sites I frequent, I have seen some bad pictures. This one takes the art form to a higher level.

In case they change it, here's the pic.

UPDATE (Including change to title): Ann Althouse says this photo is up on Drudge and she wonders:

We make high demands on women. A picture like this of a male candidate would barely register. Fred Thompson always looks this bad, and people seem to think he's handsome. We need to get used to older women and get over the feeling that when women look old they are properly marginalized as "old ladies." If women are to