Category Archives: War on Prosperity

Line 40

Line 40 on the 1040 Form is where one decides whether to take the standard deduction or the itemized deduction. Despite repeatedly claiming that high income people like himself get “unfair” tax breaks, President Obama passes on the standard deduction.

President Obama leads by example.

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SOTU Failure

In all truth, I was expecting the President’s SOTU speech to be much worse. The most irritating aspects were where the President portrayed failures such as job creation that doesn’t keep pace with population growth and reductions in energy demand due to economic decline as successes. The majority of his proposals were only mildly offensive such as his many proposals to create new special agencies to duplicate existing functions.

Of course, the most offensive aspect of the SOTU, is the media’s uninformed coverage.

Light Bulbs, Windmills, Electric Cars… What’s the Point?

This story had a little factoid that caught my eye. It’s a window into the whole man-made global warming phenomena.

http://www.washingtonpost.com/wp-dyn/content/article/2009/06/29/AR2009062902499_pf.html

166,000,000 to 14.

Or

11,857,142 to 1.

 That’s the ration of car emissions to one 500MW coal fired power plant. For the money spent on saving GM we could have built 7GW of nuclear power and then some.

Taking Responsiblity

The President frequently claims that he is not responsible for the economic hand he was dealt by events and largely this is true, excepting the admittedly small effect he had as Senator voting for ill advised programs that contributed to the economic crisis.

However, when promoting the ARRA (Stimulus Bill) he made very concrete claims that his bill would prevent further catastrophe which he described as including “Double digit unemployment” (at the Elkhart ‘town hall’ event). Most of the news media’s coverage was uncritical despite all of the ARRA’s obvious flaws. Now the President, along with many more knowledgeable people, is predicting exactly what he said his bill would prevent.

Historic Achievement for President Obama

Today’s employment numbers reminded me I needed to check on the Bureau Of Labor Statics so I could provide a first person report not typically available in the news media.

Many will remember that when the January job loss report came out, most news media organizations trumpeted the fact that is was the most jobs lost in a single month since 1974. True in an absolute sense, but as a percentage of the total workforce, wildly misleading. A comparable percentage loss would have required over 1,000,000 jobs lost.

Today’s jobs report was heralded as good news, because the job losses were slowing. The Bush era headline would have been “Most Unemployed Ever Recorded” Actually that headline is a few months late as the record was surpassed in February of this year. We’ve lost 2 million more jobs since then.

Another historic first for our President.

Is this Really a Jobs Strategy?

President Obama has identified companies who, in an effort to avoid high taxes and other costs in the U.S., have moved jobs overseas. The President’s solution is to raise taxes on them. What’s wrong with this strategy?

If a shareholder of a international company was given a chance to vote on whether the company would pursue a cost ineffective strategy or become a foreign company, what would be the likely outcome? This is the most extreme example, but I think it properly characterizes the choices companies affected by the President’s plan will have to make.

Democrat Science

Anthony Watts has a great blog centered on the science of global warming, Watts Up With That? http://wattsupwiththat.com/ .  One of commenters posted a link to an interview of Representative Waxman by Tavis Smiley   on NPR.  On April 26, a quote from Waxman’s interview became a subject of a WUWT post.

“We’re seeing the reality of a lot of the North Pole starting to evaporate, and we could get to a tipping point. Because if it evaporates to a certain point – they have lanes now where ships can go that couldn’t ever sail through before. And if it gets to a point where it evaporates too much, there’s a lot of tundra that’s being held down by that ice cap..”

Many commenters on WUWT have made that claim that the above quote shows such a stunning ignorance of geography, climate, and basic science that Mr. Waxman should be immediately removed from office and perhaps imprisoned for public malfeasance.

I disagree.

Mr. Waxman represents his constituency perfectly. I’m not aware of any reporting on NPR along the lines of “influential Congressman lacks basic science understanding of eight grader” or on any other major media outlet. Global warming media watchdog blogs like Climate Progress  http://climateprogress.org/ (a major source for NPR) haven’t made any clarifications either.

The facts are in for the Democrats: We need the Arctic ice to hold down the tundra, otherwise we’ll face a disaster. And apparently the only way to keep the Arctic ice holding down the tundra is to place high taxes on American carbon based energy.