Economics Archives

Shire Network News #176: Pastor Ameal Haddad

Shire Network News #176 has been released. The feature interview is with Pastor Ameal Haddad of Ambassadors For Peace. His idea is that people around the world should have religious freedom. I know, crazy, right? Maybe it’s so crazy it might just work through. Click here for the show notes, links, and ways to listen to the show; directly from the web site, by downloading the mp3 file, or by subscribing with your podcatcher of choice.

Below is the text of my commentary.


Hi, this is Doug Payton for Shire Network News with a year-end edition of "Consider This!"

In January of this year, SNN contributors Meryl Yourish and I did a bit of prognostication about 2009, in which we spoke as though it were December.  Well, here we are in December and I’d like to take a look back at my predictions and find out how much of a satirical seer I was.

President Obama, while not having actually had any law enacted or treaty signed regarding global warming, managed to make this year cooler than last year.  Must have been sheer force of will.

Sure enough, some cold temperatures records were set in both Europe and America.  Indeed, it appears that, against all models, warming has stopped, and the "ClimateGate" scandal featured the head of the Climate Analysis Section at the National Center for Atmospheric Research, Kevin Trenberth, proclaiming that it’s a "travesty" that they can’t "account for the lack of warming at the moment".  Clearly, due to President Obama’s force of will.

My second prediction was a bit tongue-in-cheek.  Well, OK, they all were, but this predicted the creation of an Iraqi Olympic Shoe-Throwing Team.  While the team has yet to materialize, the Iraqi reporter that threw a shoe at President Bush was the target of someone apparently trying out for the team.  An exiled reporter, supportive of US policy in Iraq, decided to make his mark.  The IOC, however, judged that the throw was disqualified because it hit a wall, making proper distance measuring impossible, and because proper safety measure were not taken.

My third prediction was simply:

The world now loves us:  They really love us, ever since we elected a Democrat.  Iraq even allows US troops to be stationed there, thanks to the splendid outcome of "Obama’s Terrorist Intervention" in that country, which began on January 20th of this year.

Sure enough, the nations of the world have been saying such nice things about us this past year.  Well, except that they haven’t actually done anything differently.  And except for Poland who we left out of a missile shield system.  And, of course, except for everyone who hated us before; they still hate us now.  But other than that, the world loves us!

And finally…

Universal Agreement:  Both sides of the political aisle have finally come together to speak with one voice.  No longer is there any disagreement, harsh criticism or mean-spirited arguing.  The recently-passed bill, entitled "The Pelosi/Reid Equal Opportunity in Talk Radio and Radical Right-Wing Internet Commentary Act" (otherwise known as the PREOITRARRWICA), has gone a long way to make sure that the voice of the people is heard loud and clear.

No return of the Fairness Doctrine yet, but the government may yet interfere with radio station management in order to get the Fairness Doctrine in effect, if not in actual law. So, I guess I got this one wrong.  But now you see why I had to take such a happy tone in this alternate timeline; it’s not just a good idea, it was the law.

So overall, except for perhaps the first 20 days, this year has shown us that America’s best days are ahead of her, if we can just pass that new $2.5 trillion spending bill.  And I’m sure we will.

Hey, with TARP, bailouts, and a potential budget-busting health care bill, my numbers weren’t that far off.  Liberals are nothing if not predictable.  No Jean Dixon necessary.  Merry Christmas, and consider this.

My Two Krugmans

That was then…

"The big step by extremists will be an attempt to eliminate the filibuster."–former Enron adviser Paul Krugman, New York Times, March 29, 2005

…and this is now.

"We need to take on the way the Senate works. The filibuster, and the need for 60 votes to end debate, aren’t in the Constitution. . . . So it’s time to revise the rules."–former Enron adviser Krugman, New York Times, Dec. 18, 2009

Which James Taranto labels "his first-ever accurate prediction."  I’d call it evidence of how heavy a role politics plays into Krugman’s thoughts on economics.  He’s more political pundit than economist.

The Real Impetus Behind Copenhagen

Do you want to know the real reason behind all the meeting and agreements and doomsaying being done at the Copenhagen climate change confab?  Listen to the applause.

First, the warm-up act, so to speak, with hints of what was to come.

But before [Australian climate change minister Penny Wong] rose to speak the conference proceedings were interrupted by people with whistles and sirens chanting “stop green capitalism” – a sign of the anger in the developing world that the Danish host government is trying to wrest the process from the professional negotiators, who have failed to make any progress, and hand it to politicians, who might have some chance of achieving something before we all leave on Saturday.

And then the headlining act hit the stage.

Then President Chavez brought the house down.

When he said the process in Copenhagen was “not democratic, it is not inclusive, but isn’t that the reality of our world, the world is really and imperial dictatorship…down with imperial dictatorships” he got a rousing round of applause.

When he said there was a “silent and terrible ghost in the room” and that ghost was called capitalism, the applause was deafening.

But then he wound up to his grand conclusion – 20 minutes after his 5 minute speaking time was supposed to have ended and after quoting everyone from Karl Marx to Jesus Christ – “our revolution seeks to help all people…socialism, the other ghost that is probably wandering around this room, that’s the way to save the planet, capitalism is the road to hell….let’s fight against capitalism and make it obey us.”  He won a standing ovation.

Ladies and gentlemen, that is the primary purpose of the Copenhagen conference and those like it.  It’s the elites getting together to bring capitalism down and raise socialism up so that they can exert more power.  It’s a power grab, plain and simple and unashamed. 

You may have your reasons for wanting to see less carbon in the air, but those in politics and government clearly have their own agenda.  Is it yours?

Eeevil Charities

Only in the NY Times will you find an article about how charities are attracting money that could, instead, be funneled through the inefficiency of a government bureaucracy

The $300 billion donated to charities last year cost the federal government more than $50 billion in lost tax revenue.

"Lost" tax revenue?  It’s not lost if it wasn’t yours in the first place.  But apparently, the Times, and reporter Stephanie Strom, thinks that’s the ‘default’ position; your money belongs to the government, except that which it loses to charities.

And as Don Surber sarcastically notes:

Why by collecting $300 billion a year from donors to provide social services, those charities are cheating the federal government out of $50 billion — money that could be used for, well, social services.

Hey, let’s try something.  If you get a mail appeal letter from the Salvation Army, reply to it and let’s steal more money from the government.  And it’ll hack off the NY Times, to boot!

That’s what the German’s pay, and yet their system has long ago run out of money.

Germany’s system relies on a handful of state-supported health insurers. This week they informed the government that the system was on the brink of a financial shortfall equal to nearly $11 billion.

Pointedly, the insurers made clear that cutbacks alone won’t solve the problem. They said the government would have to consider raising premiums on the insured or, you guessed it, raise taxes. Currently, German workers pay a fixed-rate premium into the insurance scheme; that rate is now set at 14.9% of gross pay.

Chancellor Merkel, something of a political acrobat, was previously allied in coalition with leftist Social Democrats. She’s now resisting calls from the Free Democrats to get off the state-pulled health-care train. The FDP’s spokesman on health, Daniel Bahr, wants a "shift in direction away from state-run medicine." Why? Because "the current financial figures have showed us that the health-care fund doesn’t work."

"Doesn’t work."  Please someone inform the Senate Democrats of this.

The True Cost of Health Insurance "Reform"

I’ve heard some folks say that they’d happily pay their part to get health insurance for everyone.  The only problem is, they think that it’s just a matter of money; a few (or a whole bunch of) extra bucks out of their paychecks.  But there’s more to it than that.  Republicans have come out with some numbers that show this is a bit more costly than that.  A sampling:

5.5 million — Number of jobs that could be lost as a result of taxes on businesses that cannot afford to provide health insurance coverage, according to a model developed by Council of Economic Advisors Chair Christina Romer

$1.055 trillion — New federal spending on expanded health insurance coverage over the next ten years, according to a Congressional Budget Office preliminary score of the bill

0.7% — Percentage of all that new spending occurring in the bill’s first three years-representing a debt and tax “time bomb” in the program’s later years set to explode on future generations

$88,200 — Definition of “low-income” family of four for purposes of health insurance subsidies

114 million — Number of individuals who could lose their current coverage under the bill’s government-run health plan, according to non-partisan actuaries at the Lewin Group

And what about paying for all of this with Medicare fraud reduction?

$60 billion — Loss sustained by taxpayers every year due to Medicare fraud, according to a recent 60 Minutes expose; the government-run health plan does not reform the ineffective anti-fraud statutes and procedures that have kept Medicare on the Government Accountability Office’s list of high-risk programs for two decades

Zero — Prohibitions on government programs like Medicare and Medicaid from using cost-effectiveness research to impose delays to or denials for access to life-saving treatments.

That silly talk about "death panels"?

$634 Billion — Amount that could be saved by denying individuals access to treatments that are not “cost-effective,” according to a report by the liberal Commonwealth Fund; Section 1160 of the bill gives bureaucrats in the Obama Administration virtual free rein to develop a new “high-value” reimbursement system for Medicare by May 2012

Your money would be buying more government intrusion, less freedom, subsidies for those "poor" making $80,000 a year, expansion of unemployment, and a price tag that, while it may feel good at the beginning, will hit up-and-coming wage earners the hardest. 

Happily pay for this?  Really?

We’re spending trillions on both a stimulus that isn’t stimulating and a (so far, potential) co-opting of the health insurance industry.  And President Obama has the gall to say this:

President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.

To whom was he giving this "sternest warning"?  His own party, with his own approval, has been doing this! 

"It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession," he said.

"If I don’t stop doing this, I’m grounded!  I’m serious!"

So spending hasn’t fixed anything, and it looks like maybe, just maybe, the fella’ may yet have some sense in him.

His administration was considering ways to accelerate economic growth, with tax measures among the options to give companies incentives to hire, Obama said in the interview with Fox conducted in Beijing during his nine-day trip to Asia.

Tax cuts spurring employment?  Who would have thought?  Well, conservatives have always thought that, but besides them?

Links & Comment

Remember "Paul Harvey News and Comment" on the radio?  (Or am I showing my age?)  At least that guy had the guts to let you know that he had commentary in his show, unlike some journalists these days that sneak it in.  Well, no hiding it here.  This is "Doug Payton Links and Comment".

Becky Garrison, writing at the liberal "God’s Politics Blog", on the 20th anniversary of the fall of the Berlin wall, says that "more walls need to fall".  Fair enough, and I’d tend to agree with that.  But sometimes walls are necessary, and are the least intrusive method of dealing with an actual problem.  They can protect more so than divide.  One of the walls that Ms. Garrison says needs to come down is the Israeli wall on the West Bank.  Meryl Yourish, however, compares these two types of walls — Berlin vs. Israeli — and notes major differences in the motivation and the result of each.  The Christian Left perhaps needs to understand a little nuance here.

Dale Franks, writing at Q&O, notes that the supposed upside of the government takeover of Chrysler, and subsequent sale of a large portion to Fiat, hasn’t, and looks like it won’t, materialize.  Your government, and your money, at work flushed away.

An insufficiently colorful color guard.  Scott Johnson at Power Line point out political correctness in the smallest aspect of our lives.  (And he needs to because the media doesn’t seem to want to notice it.  Or it looks on with admiration and doesn’t consider it news.)

For all the accusations of hate directed at the Right, and the religious Right in particular, Jeff Jacoby points out that they don’t hold a candle to the irreligious Left.

President Obama doesn’t think that the prospect of jail time over choosing not buying government-mandated health insurance (and likely choosing not paying the fine) is not the "biggest question" Congress is facing now.  Yeah, no big deal.  (Riiight.)  And in an Irony Alert, candidate Obama criticized Hillary Clinton for proposing a health care system with a mandatory purchase requirement. 

The New York Times has no problem calling Jim DeMint a "conservative Republican", but decides that Bernie Sanders, a self-described "socialist", is only a "left-leaning independent".  Courage and truth from that liberal media.

The Links

No, not as in golfing.  I’m going to be quite busy this week, so blog posts this week will consist mostly of a collection of links that I happen across.

John Mark Reynolds, writing at the Evangel blog, wonders about that prediction that Christians would become a fringe political force if they stuck with their position on same-sex marriage.  This after Maine, of all places, upheld traditional marriage.  Not mentioned is that the House of Representatives barely squeaked out a health care bill (passing it with only 2 votes to spare) only after a provision was added that prevented abortion from being covered by it.  Wasn’t that supposed to be a losing issue, too?

October, 2009 was the 3rd coldest October recorded in the US.  Can we officially chuck those computer climate models and just admit we don’t really know what’s going on with climate, and thus should refrain from making pronouncements on what is or isn’t changing it?

Racist graffiti, and Al Sharpton isn’t all over CNN denouncing it?  Oh, wait, it’s anti-white graffiti.  Well then, nothing to see here.

Attorney General Eric Holder is endorsing extending provisions of the Patriot Act including roving wiretaps.  It’s one thing to talk it down when you’re not in the hot seat.  It’s another thing entirely when it’s your responsibility, eh?

The European Union, as a whole, could sink underneath the waves of debt very soon, having total debt equaling 100% of its annual gross domestic product.  A special commission "discovered" that a major reason is the socialist pensions and healthcare that the government guarantees.  And we want to follow them into this whirlpool?

And finally, the legacy of Major Nidal Malik Hasan, and a musing about whether or not political correctness will allow a candid and honest public discussion, or if more people will die at the PC altar.

Paging Michael Moore

Ah, the benefits of socialism.

Residents of the Venezuelan capital face cuts in water service for as much as 48 hours per week, after the government imposed rationing to stem a 25 percent shortfall in the city’s supply, officials said Monday.

Officials said cuts in water service were to be staggered throughout Caracas through the duration of the current dry season, which is not expected to end until May 2010.

Heap this on top of all the other shortages that Venezuela is suffering under (including electricity, also noted in the article).  But "socialism" means never having to say, "My fault."

Weather forecasters blame the "El Nino" weather phenomenon, saying the periodic weather system has markedly reduced rainfall and created drought conditions.

Others blame the shortage on poor government management of the country’s water resources, while President Hugo Chavez faulted the excesses of capitalism.

"What will the rich fill their swimming pools with?" the country’s leftist leader asked recently.

"With the water that is denied inhabitants in the poor neighborhoods," he said, blaming the lack of sufficient water on "capitalism — a lack of feeling, a lack of humanity."

Don’t blame the weather for a resource shortage if blaming capitalism and demonizing rich people will do just as well, especially if you’re the one managing the resource.

Say what you will about the profit motive and market forces; they do a better job of distribution than any central authority.

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