Two disparate news items this weekend got me thinking.  The main stream media is all abuzz with Chelsea Clinton’s wedding, even to the point of throwing the term royalty around.  It is estimated that the wedding will cost $3-$5 million, although Sally Quinn of the Washington post puts the bill at closer to $1 million.  The comparison was then made to the cost of Jenna Bush’s wedding, a mere $100,000.  This became fodder for The Joy Behar Show.  Comedian Judy Gold leaped at the opportunity to take a shot at Bush, “Yeah, well, if he could have found a way for us to pay for Jenna`s wedding, he would have done that, okay, he likes to spend other people`s money.”  An interesting perspective on other people’s money that I will return to later.

The other news items was an article in The New York Times, by Bob Herbert titled “A Sin and a Shame,” lamenting that corporations are hording cash and not hiring people and it is all so unfair, in fact, sinful.  This is while this government is spending huge amounts of money that someone will have to pay back, massive new programs like ObamaCare that we are still uncovering what that will cost, and enormous tax increases about to kick in on January 1 when the Bush tax cuts expire.  Perhaps they are hording cash for a reason?  Perhaps they are not hiring because they don’t know what any new employees will cost under these new programs, or for that matter what their existing employees are going to cost?  Perhaps it is because the latest economic reports show GDP shrinking and if that continues why would you start hiring if your business is going to slow down with the rest of the economy?

We have two very divergent views of the economy today.  One view is held by those who actually work in the private economy and the other view is held by those in the ivory towers of government, which brings me back to the weddings.  I really don’t care what the Clintons or the Bushes spend on their daughter’s weddings.  It’s their money.  But perhaps it is instructive to look at where that money came from.

George Herbert Walker Bush, Jenna’s grandfather, was born into a successful family.  His father was a banker and a Senator.  But after getting out of the Army after WWII he went to Yale and upon graduation, moved away from that family and settled in Texas to start an oil company.  He went into private business and put his own money at risk.  What that means, to those who never took that chance, is you may be successful and make a lot of money, you may be successful and make a little money, you may fail and lose your money.  Chances are greater that you will lose than win, but that is the American Dream.  If you lose, you have to start over by trying to earn and save up what you lost to try again, if you have the guts and drive.  Bush succeeded in forming Bush-Overby and later with Zapata Petroleum.  He became President of Zapata for ten years and then Chairman for another two, before going into politics.  By then he was a millionaire in his own right.

George Walker Bush, Jenna’s dad, attended public school in Midland, Texas, where his parents had settled.  He went to private school after the family moved to Houston.  He later attended Yale University and became the only president to get an MBA which he did, from Harvard.  Like his father, he went into the oil business starting several independent oil exploration companies.  He later bought a stake in the Texas Rangers baseball team for $800,000 and was instrumental in building the team’s attendance.  He later sold his stake for $15 million.  Then he went into politics.

The two Bushes know risk, know about taking chances and became millionaires on their own before going into politics.  They also learned lessons about spending money and doing so prudently. 

Bill Clinton went into politics almost immediately after getting his law degree.  He was Attorney General and then Governor of Arkansas.  As governor he had a governor’s mansion.  He ran for president and upon winning traded in his governor’s mansion for the Executive Mansion, aka the White House.  He had been on the government payroll and living in government provided housing almost his entire working life.  The sweat of the people in who paid their taxes paid him.  After leaving office, Mr. Clinton was able to write books about his experience and make speeches commanding six figures a pop.  His wife did pretty much the same.  They lived off the people and ended up very rich.  They didn’t create a product or service, they didn’t create jobs, and they didn’t meet a payroll. 

I can hear the screams from the left right now, “What do you mean he didn’t create a job or meet a payroll?”  Try this test.  If Bill Clinton’s opponent was elected rather than Bill Clinton, would there still be a government payroll and government jobs?  If yes, Bill Clinton didn’t create them.  If either of the Bushes didn’t create their companies would there be jobs at those companies or payrolls?  No.

What about some other famous politicians who tell us what to do?  Let’s look at Al Gore.  Here is another individual that spent the bulk of his career in government.  He was a member of Congress, a United States Senator, Vice President and presidential candidate.  Today he is very rich.  It is said he may become the first “green billionaire”.  If he went into his current endeavors before a life in government, would the story be the same?  Or is it because of his name, reputation, and connections that he made at the public trough, that he is wallowing in riches, and telling the rest of us to reduce our carbon footprint while his mansions consume ten times the energy of his neighbors?

Charlie Rangel spent most of his life in government.  He rose through the ranks and now has a waterfront condominium in the Dominican Republic, writes the tax laws but does not observe them, and is a wealthy man.  Conservatives don’t believe in rent control or rent stabilized apartments, but Charlie does.  After all, how can poor and middle income people afford to live in places like Manhattan if greedy landlords have their way.  So Charlie Rangel who makes $174,000 per year, plus his chairmanship pay, has not one, not two, not three, but four rent controlled apartments.  Is he poor or middle class?  No, he is the political class.  He took three adjoining rent controlled apartments and had them joined together, while the fourth apartment served, illegally, as his campaign headquarters.  What about the poor and blue collar workers who could live in Manhattan if three of your four rent controlled apartments weren’t being horded by you?  Let them eat cake.

John Kerry is in the news for trying to avoid $500,000 in taxes on his new yacht.  Here is another individual who spent his entire working life in government.  He can tell the rest of us to pay more taxes while he garners favors spending our money. He is the richest man in the Senate but with prenuptial agreements with his wife he only lists personal assets of between $400,000 and $1.8 million and joint assets with his wife of $300,000 – $600,000.  So how does he buy a $7 million yacht?  I am not suggesting anything nefarious, it’s obvious his wife paid for it, but do you think he is in touch with someone trying to make a payroll in the private sector?  You pay taxes; John Kerry has advisors to figure out how to avoid them.

So those evil corporations started by those evil men like George Herbert Walker Bush and George Walker Bush, know the value of a dollar.  They know we are not out of the woods yet and so to protect the jobs that their companies still have they are not hiring but are building their rainy day funds.  Perhaps Bob Herbert should ask why his employer is shedding jobs left and right.  Perhaps this is his safe way of doing so, but on the other hand the New York Times is hardly hording cash.  Its circulation is crashing because people like Bob Herbert are so out of touch with the rest of America; no one wants to read his rants any longer.

So perhaps Bill Clinton spends millions on Chelsea’s wedding because he didn’t learn the value of a dollar.  He lived of the government for many years and then just held out a basket and it was miraculously filled with more money than he can count.  George Bush spent $100,000 on a wedding because he knows how hard it is to earn a dollar.  What we need is less of the political class telling us what to do, and then handing us the bill and more entrepreneurial Americans who risk their own money, watch it like hawks, create jobs and generate wealth that they then reinvest in America.

Best wishes to Chelsea and Marc.

There was a commercial not too long ago where a young man looked out his window to the village green where a bundle of money had just fallen.  He calls his wife/girlfriend over to show her.  She suggests running down and getting it, but he says, no, let’s wait.  Next you see a frizzy headed guy down on the green who screams, “MONEY!!!!”  In seconds, people came out of the woodwork and scoffed up all the money while the young couple looked on.

The image of that commercial popped into my head as I considered the job summit being led by President Obama.  To me, the young couple represented the government pondering how to direct the economy to achieve this specific goal or that.  The mob on the green was the free market.  While the government dithers over what kind of legislation to write, which special interest groups to pay off to pass it, how to develop incentives to get private industry to do this or that, if they would just cut taxes and get out of the way, the free market would get to work creating jobs where they are needed, not where some bureaucrat thinks they should go.

Uncertainty

The biggest cloud overhanging this economy is uncertainty.  The Obama administration is slamming through enormous changes: a $787 billion Porkulus package, cap and trade, health care.  Businesses look at this combined with the accumulation of massive government debt, tax increases rather than cuts (yes letting the Bush tax cuts expire is a tax increase, not just the expiration of tax cuts as Speaker Pelosi tries to spin it) and they don’t know what hiring that extra employee is going to cost, let alone what it will cost to keep the employees they already have.  So they don’t hire until the dust  settles and they can calculate the impact.

“Tax incentives for job creation are “worthy of further consideration,” he said, while adding that the administration is also set on making a big push in the area of green jobs.” – President Obama at Jobs Summit

“Worthy of further consideration”?  Since conservatives have been calling for tax cuts for a year now, this kind of statement in Obama-ese translates thusly, “I have to make a nod to the right, to acknowledge that I heard them, but it ain’t happening.”  Couple that with the “big push in the area of green jobs.”  We are in the midst of the scientific scandal that the “settled science” of man-made global warming could be the greatest hoax since Bernie Madoff, and Obama wants a big push in the area of green jobs.  What if that area collapses because the urgency that Al Gore has been screaming about is no longer urgent?  It’s government planning on the order of Soviet five-year plans or Mao’s Great Leap Forward programs.  It harkens back to Jimmy Carter’s giant Synfuels project that was going to convert coal into oil, until oil prices fell and the project imploded, but not before billions of tax dollars were poured into that rat hole.

How Simulating!

If you listen to Joe Biden, the stimulus plan is working better than expected.  But let’s take a closer look.  As of about three weeks ago only $120 billion of the stimulus money had been spent. (So why is Congress looking at another stimulus with over $600 billion left to spend in the first one?)  Of that money, 80% went to the Department of Education, Health and Human Services, and the Department of Labor.  What about all the “shovel ready” projects?  Only about $4 billion has gone to the Department of Transportation.  Feel better?

Jobs Summit Attendees

So who is meeting with President Obama at the jobs summit?  Well first let’s look at who was not invited:

• U.S. Chamber of Commerce — they have butted heads with Obama over health care and climate change policies
• National Federation of Independent Businesses

I don’t know about you, but I think they might have an idea or two about how to create conditions that let the free market create jobs.  As for the attendees:

• Service Employees International Union (SEIU) officer
• President of the American Federation of Teachers — a union of workers in a government run monopoly
• United Food & Commercial Workers International Union
• CEOs of some Fortune 500 companies

How many jobs do unions create, not occupy, create?  Think of the auto industry, steel industry, public K-12 education, the Postal Service, and government in general.  Do they bring images of thriving, vibrant, engines of job creation?  Or is the image more of the basket cases of the U.S. economy?  This is not a slight against the union workers themselves, but rather of their leadership who create so many restrictions on job rules to artificially create the need for more jobs.  There motto is: why have three people do the work, when you have five do it?

As far as big business is concerned, let me dispel the thought that conservatives and big business go hand in hand.  In many cases big business looks to cut deals with the government to protect their industries and markets from upstart companies.  They have gotten big and lethargic, rather than nimble and vibrant.  Small businesses create about 80% of the jobs in the U.S. and they didn’t have a seat at the table.

So was the jobs summit about creating jobs or just jive talk?  If you want a real jobs summit see what American Solutions was hosting in Cincinnati, Ohio and Jackson, Mississippi.  They actually discussed ideas that would work.

From being the foregone conclusion as the first woman President of the United States in 2008 to a marginalized, snarky misrepresentative of the United States, it time for her to realize, the band stopped playing and everyone has gone home but her.  It’s time to call it a day and resign.

Keep Your Friends Close and Your Enemies Closer

Proving, once again, he is the master of hardball politics, Barack Obama dangled the Secretary of State job in front of his vanquished rival.  She took the bait.  No more would she be a force in the Senate able to challenge Obama at the first stumble.  She was now part of the problem, not a potential solution.  Once ensconced at Foggy Bottom, she thought she enhance her image by holding the most prestigious post in the Cabinet.  But she again underestimated Barack Obama.

He proceeded to divvy up foreign policy among many advisers, undercutting Hillary every step of the way.  She’s no fool, she can see it and it is eating away at her, to the point where she is becoming a gaffe machine to rival Joe Biden.

She’s No Condoleezza Rice

Upstaged by her husband in North Korea, negotiating the release of the journalist hostages, she was asked what her husband thought about another matter while in Africa.  In a similar situation, Condoleezza Rice, would have handled that with aplomb and not become rattled. But here is Hillary’s response.  Hillary Snaps.  Smacking down a questioner on the world stage?  Well that will surely “correct” our image as the Ugly Americans.

The Apology Tour Continues

She goes on to make a speech in Nigeria and wants to emphasize that there is no place in the world for corrupt elections.  A very good point to make, that few could argue with.  But what does she use as an analogy?  She openly suggests that Jeb Bush fixed the 2000 Presidential election for his brother.  Of all the analogies of corrupt elections that she could have used, let’s see, Iran?  Cuba?  the old Soviet Union? she points to the oldest democracy in history and suggest that we are as corrupt as any third world dictator.  Hillary Compares U.S. Elections to Third World Corruption.  Disgraceful, absolutely disgraceful.  Daniel Patrick Moynihan, who endorsed Hillary to take his Senate seat, must be turning over in his grave.  He used to staunchly defend the United States at the UN and here his protege is saying we are no better than the worst of them.

In Honduras, the rule of law is being followed to prevent a Chavez style dictator from taking over that country, and who does Hillary and the Obama administration support?  The Chavez puppet.  What about standing up for democracy in our Hemisphere?  It is time for her to go.

The Gore Thing in 2000

Let’s get this straight one more time.  On election night 2000, Gore lost Florida.  He lost the recount.  He lost the re-recount.  He lost the re-re-recount.  He lost the official recount.  He lost the private recount sponsored by newspapers.

Their count showed that Bush’s razor-thin margin of 537 votes — certified in December by the Florida Secretary of State’s office — would have tripled to 1,665 votes if counted according to standards advocated by his Democratic rival, former Vice President Al Gore.

“In the end, I think we probably confirmed that President Bush should have been president of the United States,” said Mark Seibel, the paper’s managing editor. “I think that it was worthwhile because so many people had questions about how the ballots had been handled and how the process had worked.” — CNN

If Democrats and their radical supporters want to salve their wounds with this myth, live the fantasy.  But don’t smear this country with these lies while acting as our chief diplomat.

Remember the stimulus package that had to pass immediately or we would face economic catastrophe?  Recently released data from the Commerce Department show that the economy was recovering before the stimulus went into effect.  Unemployment has risen above what the Obama administration said it would if the stimulus passed, but oh well, Congress approved and the president signed the legislation to spend $787 billion of your money.

The Next Boondoggle

Now President Obama is trying to ramrod through the Cap and Trade legislation that will put another enormous burden on taxpayers and we have to do this now, immediately, imperatively, or south Florida will be under water and polar bears will be extinct.

A 98 page report from a veteran in the EPA garnered this response from his boss, Al McGartland:

“‘The administrator and the administration has decided to move forward on endangerment, and your comments do not help the legal or policy case for this decision,” he wrote, according to the e-mails released by CEI. “I can only see one impact of your comments given where we are in the process, and that would be a very negative impact on our office.’ ”

Who is the EPA working for?  Is this a government of the people or of the statists?  So because they won the election, the policies of their most extreme supporters must be put in place, no matter how large the bill or how effective the policy.  If it is a sham, too bad, they want it…they shall have it and you get stuck with the bill, the loss of liberty, and them telling you how to live your life.

The Problematic Report

Here is the essence of the report , written by EPA scientist Alan Carlin,  that the EPA finds so damning:

Carlin compiled a 98 page report that pointed to some inconvenient facts that call the connection between CO2 emissions and global temperature into doubt, at a time when the President is pushing “urgent” carbon emissions regulation through the Congress. From FOXNews.com:”Specifically, the report noted that global temperatures were on a downward trend over the past 11 years, that scientists do not necessarily believe that storms will become more frequent or more intense due to global warming, and that the theory that temperatures will cause Greenland ice to rapidly melt has been ‘greatly diminished.’ ”

But hey, on the other side of the ledger you have Al Gore and he has a Nobel prize and an Academy Award, so who are you going to believe?

The global warming threat may be in the process of being debunked but the fiscal threat from the Obama Administration will cause far more damage if we don’t take urgent steps to stop them.

Democrats Lining Up to Vote for Cap and Trade

The tide is turning against the case for man-made global warming.  An article in today’s Wall Street Journal has the following:

“Among the many reasons President Barack Obama and the Democratic majority are so intent on quickly jamming a cap-and-trade system through Congress is because the global warming tide is again shifting. It turns out Al Gore and the United Nations (with an assist from the media), did a little too vociferous a job smearing anyone who disagreed with them as “deniers.” The backlash has brought the scientific debate roaring back to life in Australia, Europe, Japan and even, if less reported, the U.S.” — The Climate Change Climate Change, WSJ, June 26, 2009

So if the case for controlling CO2 emissions is gaining skeptics, what would a reasonable person do?  They would probably pause and listen to see if they should alter their position based on this new information.  What do the statists do?  Double their efforts to jam this gargantuan tax bill through Congress, again without reading it because it’s too big, before the American people find out just how monumentally stupid it is.

Nancy Pelosi, Henry Waxman, and Ed Markey are the lead lemmings jumping into the sea and expecting all of us to follow.  You see, if they can slam this thing in they will have enormously increased their power and make it very difficult to unwind this monstrosity.  Their disdain for what is right for this country and what is best for the American people is truly astounding.  Their arrogance and sense of empowerment knows no limits.

Scientists Speak Out

Far from Al Gore’s pejorative and dismissive label of “deniers”, some real scientists weigh in:

“The number of skeptics, far from shrinking, is swelling. Oklahoma Sen. Jim Inhofe now counts more than 700 scientists who disagree with the U.N. — 13 times the number who authored the U.N.’s 2007 climate summary for policymakers. Joanne Simpson, the world’s first woman to receive a Ph.D. in meteorology, expressed relief upon her retirement last year that she was finally free to speak “frankly” of her nonbelief. Dr. Kiminori Itoh, a Japanese environmental physical chemist who contributed to a U.N. climate report, dubs man-made warming “the worst scientific scandal in history.” Norway’s Ivar Giaever, Nobel Prize winner for physics, decries it as the “new religion.” A group of 54 noted physicists, led by Princeton’s Will Happer, is demanding the American Physical Society revise its position that the science is settled. (Both Nature and Science magazines have refused to run the physicists’ open letter.)”  — The Climate Change Climate Change, WSJ, June 26, 2009

Can you feel your liberties slipping away as those in power do what they want rather than representing us.  Sounds like it’s about time for a tea party.

In 1962 Rachel Carson wrote a book called Silent Spring, about which some have credited the beginning of the environmental movement.  It also led to the subsequent ban of DDT in 1972.  DDT was accused of causing cancer and in damaging wildlife, particularly birds by causing eggshells to thin.

Prior to this DDT was believed to be a miracle, and the scientist who discovered it, Dr. Paul Muller, was awarded the Nobel Prize in 1948.  During WWII, GIs would cover themselves liberally with the substance before heading into the jungles for protection against malaria.  It is also believed that its use eradicated malaria in the U.S. and other developed countries.

Flawed Science

A 1969 study found a higher incidence of tumors in mice that were fed DDT.  Let’s think about that.  A single study found an increase in cancer in mice fed DDT.  However over 20 years of widespread use among humans did not show any increase in the cancer rate among those populations that used them.  Upon closer examination of the study they found that both the subject and control groups had increased levels of tumors. Oops.  It appears that both groups were fed moldy food that contained a carcinogen.  When the test was repeated, neither group had any tumors.

The studies of birds whose eggshells were thin, were also given closer scrutiny.  It was determined that the cause was due to a calcium deficiency, not DDT.  Actually during the period of greatest DDT use in the U.S. many of the bird species under study grew in numbers rather than fell.

Don’t Let Science Stand in the Way of Politics

In 1971, authority for pesticides was transferred from the Department of Agriculture to the newly formed Environmental Protection Agency.  What better way to kick off a new government bureaucracy than some bold action:

“In April 1972, after seven months of testimony, Judge Edmund Sweeney stated that ‘DDT is not a carcinogenic hazard to man. . . . The uses of DDT under the regulations involved here do not have a deleterious effect on freshwater fish, estuarine organisms, wild birds, or other wildlife. . . . The evidence in this proceeding supports the conclusion that there is a present need for the essential uses of DDT.’” — Sweeney EM. EPA Hearing Examiner’s recommendations and findings concerning DDT hearings. 25 April 1972 (40 CFR 164.32)

However, two months later, the new head of the EPA, William Ruckleshaus, instituted the ban on DDT.  This was done without him attending a single hearing on the matter as it was discussed over a seven month period or reading the transcripts.

The Tragic Results

In Ceylon, modern day Sri Lanka, widespread use of DDT cut the number of malaria cases from 2.8 million in 1948 to 17, that’s right, seventeen in 1963.  Spraying was stopped in 1964 and by 1969 the number of cases had risen again to 2.5 million.

It is estimated that in the last ten years alone the number of deaths worldwide from malaria is over 27 million.

There is an aggressive program today to raise money to buy bed nets to protect children in Africa and other parts of the world where malaria is still rampant.  Billions of dollars are estimated to be needed to buy and deliver these nets.  One of the positive factors about DDT was that it was inexpensive, around seventeen cents per pound.

If only had cooler heads prevailed, and the “science” looked at with a reasonable dose of skepticism, tens of millions of lives would have been saved and malaria, perhaps eradicated.  But when some in the environmental movement latch onto a position it soon moves into the realm of settled or consensus science.

The Next Blunder

So before we drive the world over the next environmental cliff, perhaps it’s time to tune out Al Gore, take a cleansing breath, and take a closer look at the science with clear eyes.  What the global warming, er, global climate change crowd is proposing would cost in the trillions. Let’s ask if what some scientists are saying that global temperature peaked about ten years ago, why is the earth cooling if we continue to pour more and more carbon dioxide into the atmosphere?  Why are we calling carbon dioxide, which is essential to life…we exhale it, trees take it in and give off oxygen…a pollutant?  What if we eradicate the pollutant, carbon dioxide like we did DDT?

Will there be anyone around to count the damage?

Do you like to breath?  I do.  Do you like trees and enjoy their beauty?  I do.  So what’s the problem?  The problem is that Obama’s EPA is considering a ruling that would declare Carbon Dioxide a “dangerous pollutant“.  So what do you do with a dangerous pollutant?  Well, you stop it, ban it, eliminate it so that it no longer harms us or the environment.  No?

Carbon Dioxide as a Pollutant

The problem is that every time you exhale, part of what you are exhaling is carbon dioxide.  So with every breath you are dangerously polluting the earth.  You must be stopped.  Your breathing must be banned.  You must be eliminated.

What about all those dangerous trees and plants?

“When the sun is shining, plants perform photosynthesis to convert carbon dioxide into carbohydrates, releasing oxygen in the process.”

Trees and plants absorb carbon dioxide and convert it into oxygen.  So if we eliminate this dangerous pollutant, wouldn’t it stand to reason that plants would die?  If plants die, they don’t produce oxygen and people and other oxygen breathing life would die. What a great idea! Let’s ban a dangerous pollutant and in doing so, kill all life on earth as we know it.  Why didn’t I think of that?

Global Warming, I mean, Global Climate Change

Since we have been seeing record cold temperatures across the country and it seems to snow everywhere Al Gore goes to speak (is GOD playing with him?), we hear less and less about global warming.  Now it’s called global climate change, which in my observation happens every day, season, year for as long as I can remember and I expect that it will continue to do so.

The problem is that those who advocate the declaration of carbon dioxide as a pollutant are the same people that say it is settled science that the increase in temperatures, or as it is now called climate change, are man made.  The truth is that there is significant evidence to the contrary that increases in carbon dioxide are not the cause of temperature increases, but the result of temperature increases caused by solar activity (see previous post).

Let Cooler Heads Prevail

I have no problem in working toward reducing the amount of anything that is a byproduct into the atmosphere.  Recycling is good.  Cutting back on energy waste is good.  Renewable energy helps us get off foreign oil from despotic dictators which is good.  But we have to avoid going around the bend and taking extreme positions that the very act of breathing results in a dangerous pollutant.  Once you give that power to the government, more of you liberty vanishes and there is no telling how far they will go with it.