Archive for the ‘watermelons’ Category

Obama’s Bear Market

March 6, 2009

That is what Bloomberg is calling it.

The Dow Jones Industrial Average fell 20 percent since Inauguration Day, the fastest drop under a new president in at least 90 years, according to data compiled by Bloomberg.

“People thought there would be a brief Obama rally, and that hasn’t happened,”

“It’s the Obama bear market,” said Dan Veru, who helps oversee $2.8 billion at Palisade Capital Management in Fort Lee, New Jersey. “We don’t know what the rules are in so many different areas the government is touching.”

“Obama should be listening to the stock market more than talking to it,” said Kenneth Fisher, the billionaire chairman of Woodside, California-based Fisher Investments Inc., which oversees $22 billion. “He hasn’t gotten out of the gate well.”

I’ve seen theories put out that Team Obama is tanking the economy on purpose.

Personally, I’m not buying it for the simple reason I don’t buy into most conspiracy theories, they place too great a burden of competence on the government.

Occam’s Razor provides a simpler and much more likely explanation. These guys are in over their heads, they aren’t sure of what to do and the market is responding to that lack of confidence. That the one thing Team BO is sure of is they want to jack up taxes, including that “Cap & Trade” scheme that is going to hit the lower economic end of the population hardest, and that probably isn’t blowing up Wall Street’s collective skirt either.

Michelle Malkin calls it “The Steve Urkel-ization of the economy.”
It’s worth a click just for the nifty Photoshop work.

Update: Michael Boskin writes in the Wall Street Journal that it is Obama’s radicalism that is killing the Dow.

It’s hard not to see the continued sell-off on Wall Street and the growing fear on Main Street as a product, at least in part, of the realization that our new president’s policies are designed to radically re-engineer the market-based U.S. economy, not just mitigate the recession and financial crisis.

The illusion that Barack Obama will lead from the economic center has quickly come to an end. Instead of combining the best policies of past Democratic presidents — John Kennedy on taxes, Bill Clinton on welfare reform and a balanced budget, for instance — President Obama is returning to Jimmy Carter’s higher taxes and Mr. Clinton’s draconian defense drawdown.

Mr. Boskin writes there are some good points to BHO’s budget, but that negatives far exceed the positives. The negatives include tax hikes during an economic downturn, and the implementation of far left extremist radical “environmental” (more accurately “watermelon”) policy that starts heavy fines on fossil fuels, cutting off access to domestic oil, natural gas & shale oil deposits immediately, while funding “greener” energy technologies that will not put a watt of energy into America for at least a decade.

If you read my tech blog, you’ll see I’m a big fan of domestic sources of alternate energy, but cutting off immediate sources of energy before alternate are ready is just sacrificing the American economy on the alter of an extremist radical movement that has been high jacked by socialists.

Mr. Boskin is a professor of economics at Stanford University, and goes into more detail in his article. Stop by and read it.

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A Green Economy

February 8, 2009

President Obama keeps talking about creating a “Green Economy.”
A good idea if approached rationally. Even in flat out National Defense terms, more domestic energy equals a safer and stronger America.

If you read my tech blog, you know I’m a fan of electric cars. I also understand that electricity doesn’t magically appear from the plug in the wall. It has to be generated in large amounts to support a modern economy.

Remember how all the watermelons kept claiming that we can’t drill for domestic oil because it would take “10 years” to get the oil flowing? Well, they were saying that 10 years ago and they were wrong then too. They were also wrong about the timing. There are reserves that can tapped in two to five years.

If you want to talk about ten year plus projects, you can’t find a better example than a lot of the “green” power projects such as industrial level wind and solar power. Not wanting to do them because they will take ten plus years is just as wrong as not wanting to tap domestic fossil fuel resources.

There are also some wind/solar projects that can be up and running in two to five years. Cape Wind for example, which is being blocked by the two liberal democrat Senators who don’t want their view from their mansions to have a source of clean energy in it.

The Obama plan for green energy is missing one of the most important parts of the future of America’s energy independence and economic growth, clean and plentiful Nuclear Power.

There are solid ecological reasons why the founders of Greenpeace and the Gaian movement, and other honest greens, support the expanded use of Nuclear Power.

Building Nuclear Power Plants will provide jobs, and plenty of clean and relatively inexpensive electrical power. Power that will boost the economy and make electric and plug in hybrid cars much more practical.

Let’s take a look at Team BHO

January 16, 2009

The Leather Penguin wonders if any were vetted at all. The answer is of course they were, but the people doing the vetting had a different set of values than Leather Penguin, and a lot of other Americans.

Let’s look at some those picks.

New Mexico Gov. Richardson, BHO’s pick for Commerce Sec. withdrew his name after his involvement in a “pay for play” scandal, just like the one the Illinois Gov (another democrat) is being impeached over, was noticed by people other than MSM “reporters who wanted to ignore it. Richardson’s involvement wasn’t new news. The far left liberal democrats on BHO’s team knew about this, and they thought it was not a serious enough issue to stop Gov. Richardson’s selection.

Carol M. Browner, BHO’s pick as his “global warming czar”, is a out and out Socialist. A fact that the left is trying to erase from the public record.
Browner was “listed as one of 14 leaders of a socialist group’s Commission for a Sustainable World Society, which calls for “global governance” and says rich countries must shrink their economies to address climate change.” That listing is now only found on Internet archives of that groups site. Browner has also drunk deeply from the AGW Kool-Aid (TM), having served on Al Gore’s Alliance for Climate Protection.

As I have said before, I respect environmentalists, but have utter contempt for Watermelons (Thin layer of Green on the outside, Red to the core on the inside). Browner is a hardcore Watermelon.

BHO’s pick for treasury secretary, Timothy Geithner, the so-called “smartest guy in the room”, claims he didn’t know he had to pay self-employment taxes during the years he worked at the International Monetary Fund, but he did know enough to apply for, and receive, payment from the IMF as restitution for taxes he didn’t pay. This is the guy who is going to be in charge of the IRS. This obvious bit of corruption was obviously A-OK with the Team BHO vetting team.

So let us review. The following is perfectly acceptable to Team Obama. Illegal “Pay for play” politics, Socialist policies that killed 100 million citizens of Socialist countries in the 20th Century, and flat out tax cheats.

The next four years should be interesting.

The 12 Days of Global Warming

December 24, 2008

Bonus video: Penn & Teller call Bullshit! on Watermelons (Green on the Outside, Red on the Inside)

Climate Change

December 19, 2008

First off, Climate Change is a hard scientific fact. The Earth’s climate has change drastically over time and odds are that it still will. Keep in mind that most of that extreme fluctuation has happened before Homo sapiens arrived on the planet and there has been recorded climate change before the Industrial Revolution.

So when “supposedly” smart people like soon to be VP Joe Bieden says that he thinks that climate change is 100% due to the effects of man, you have to wonder about just how long he’s been on crack.

With actual real science, if the facts don’t fit your theory, you change your theory. With the Cult of Algore “Global Warming” conspiracy types, there is a solid history of changing the facts to fit their so-called “theory”.

One of the early and most blatant ones was the “Hockey Stick” graph used in the infamous Al Gore propaganda film. In order to get that “Hockey Stick” graph, which they needed to “prove” their so-called “theory”, it was necessary to both edit out relevant data and hack the algorithms to edit out both the Little Ice Age and the Medieval Warm Period.

Continuing that policy of editing the facts to fit their so-called “theory”, is Seth Borenstein’s propaganda piece disguised as a “science” article. Note his very carefully selection of dates. Yup, there was a brief warm period during the Clinton years, but it has been cooling since then. A fact Borenstein is very careful not to note, except for the rather bizzare statement that a global cooling trend “actually illustrates how fast the world is warming.” No facts or cites to back that up, just an unsupported “proof by assertion.” The article also has the typical watermelon America bashing, leaving out the fact that the US has slowed it’s rate of carbon emissions more than the Western European countries that signed the Kyoto Treaty. He also engages the typical “Bush Bashing” by leaving out the fact that it was President Bill Clinton who killed the Kyoto Treaty by not sending to the Senate for ratification. President Clinton could read the writing on the wall, and the unanimous Senate vote stating that they opposed the treaty. Yup, every single democrat present (98 Senators voted) voted against the Kyoto Accords before they were presented to the Senate.

How have actual Scientists responded to Borenstein’s article? Noel Sheppard has compiled a short list:

In his latest screed, he screams: “global warming is accelerating”

How then does he explain the fact that the mean global temperature (as measured by satellite) is the same as it was in 1980?

How can global warming be “accelerating” when the last two years have seen dramatic cooling? Is this guy totally removed from all reality?????

He completely ignores any evidence contrary to his personal beliefs, and twists everything to meet his preconceived notions. — David Deming, University of Oklahoma

Global warming is not “accelerating”: global warming has stopped. There has been no statistically significant rise in (mean global temperature: MGT) since 1995 and MGT has fallen since 1998.

The Earth has been warming from the Little Ice Age (LIA) for 300 years so, of course, the warmest years happened recently. But that warming from the LIA peaked in the El Nino year of 1998. MGT has been near but below that peak for the last 10 years.

Arctic ice advances and recedes over decades. 2007 saw a minimum in Arctic ice cover in the short period that it has been monitored using satellites. But 2008 saw the most rapid growth in Arctic ice cover in that same period and Arctic ice cover is now back to the average it has had in the period. Also, 95% of polar ice is in the Antarctic and Antarctic ice is increasing.

Nobody can know if the recent halt to global warming is temporary, permanent or the start of a new warming or cooling phase. But it is certain that anybody who proclaims that “Global warming is accelerating” is a liar, a fool, or both. — Richard S. Courtney, a UN IPCC expert reviewer and a UK-based climate and atmospheric science consultant.

There is a lot more. Go read it all.

There is more at Hot Air as well.

Cutting back on pollution is a “Good Thing.” Promoting Junk Science to line Al Gore’s pockets and support Socialists put out of a job by the fall of Communism is a “Bad Thing.”

CNN Meteorologist Chad Myers chimes in with some actual rational thought on the subject.

Speaking of Kyoto

November 19, 2008

It seems that the reality of the Kyoto Protocols being a socialist Ponzi scheme is hitting home in Europe.

Italy and Germany agree that measures to cut greenhouse gases shouldn’t weigh on the economy, Germany Chancellor Angela Merkel said at a press conference Tuesday, indicating government support for tough new measures in Europe is waning.
Any new European Union decisions on climate change and energy “must be taken in such a way as to not weigh on industry”

HT to Mr. Reynolds

Shining some light on Algore’s bullshit

July 28, 2008

Penn & Teller call Bullshit on the Cult of Algore.

Yes, that Algore, who is making money hand over fist selling Eco-indulgences, while he is shoveling coal on the fires of “Global Warming”

Gore devours an average of 17,768 kWh per month…at a cost of $16,533. By comparison, the average American household consumes 11,040 kWh in an entire year, according to the Energy Information Administration.

Tennessee Center for Policy Research on the massive carbon footprint of the Goracle.

Yes, the same fear mongering Al Gore who showed up to lecture people about “Global Warming” in a convoy consisting of a Cadillac SUV and two Lincoln Town Cars. Each with eight cylinders of carbon producing, gas guzzling, power.

Don’t forget that before he started on his “Save the Planet from Global Warming” campaign, he used his family’s big oil money to found a “Carbon Offset” company. So he’s making money hand over fist by playing on your fears.

Here are 11 “Inconvenient Truths” For Al Gore that he doesn’t want to deal with.

HT to Hot Air and NewsBusters.

Don’t miss Penn & Teller exposing the Socialist roots of “the Green movement.”

Update: Al Gore chickens out on actual debate and Al Gore Blames Global Warming For Cyclone, Bad Construction.

Obama’s all over the map

July 3, 2008

In the Lightgiver’s desire to be all things to all people, Barry is all over the place with, among other things, his so-called “energy policy”
First, according to USA Today, he’s for more Nuclear Power.
But when he is pandering to his Watermelon base:

In October of last year, when Obama was going all out to pander to his party’s anti-nuclear base, Obama made his position clear: “I am not a nuclear energy proponent.”

So Obama is against Yucca Mountain (naturally, he also voted to fund it) but demands a solution to the storage problem. He wants to make certain that the plants are safe but his own state has more plants than any other and no history of accidents. And Obama wants to spend $150 billion on developing new sources of renewable energy, but he doesn’t want to provide a single dollar to a proven, safe, reliable, and emissions free technology.

So Barak Obama is against safe, proven and green technology that can meet America’s energy needs rapidly, but is more than willing to spend money pie in the sky technologies that won’t be ready for at least ten years.

Follow the Money

June 25, 2008

As the man who wrote the screenplay said, “Follow the money.”

In this case, let’s follow the money behind James Hansen, a high priest in the Cult of Algore.

The money leads to the far hard left extremist George Soros. The man who funded most of the far left 527 attack ads in 2004.

Remember that James Hansen used to push the theory that the planet was experiencing “global cooling” and was warning that the planet was entering a new ice age.

Could it be that he found the money better on the other side of the fence?

It is interesting that a lot of lefties are whining that Hansen is being “swiftboated.”
If you use the real definition of the word, which is:

Swiftboating – 1. (verb) – to use actual quotes and facts that are 100 % traceable to the party they are attributed to. 2. (noun) – the published record of an individual that is later used against them.

…well then, they may be right.

Carbon Offset Scam!

April 26, 2007

Saw this one coming several miles away. The whole “carbon offset” deal is one big scam.
The Financial Times has a write up on the green version of Three Card Monty

A Financial Times investigation has uncovered widespread failings in the new markets for greenhouse gases, suggesting some organisations are paying for emissions reductions that do not take place.

Others are meanwhile making big profits from carbon trading for very small expenditure and in some cases for clean-ups that they would have made anyway.

The FT investigation found:

■ Widespread instances of people and organisations buying worthless credits that do not yield any reductions in carbon emissions.

■ Industrial companies profiting from doing very little – or from gaining carbon credits on the basis of efficiency gains from which they have already benefited substantially.

■ Brokers providing services of questionable or no value.

■ A shortage of verification, making it difficult for buyers to assess the true value of carbon credits.

■ Companies and individuals being charged over the odds for the private purchase of European Union carbon permits that have plummeted in value because they do not result in emissions cuts.

Francis Sullivan, environment adviser at HSBC, the UK’s biggest bank that went carbon-neutral in 2005, said he found “serious credibility concerns” in the offsetting market after evaluating it for several months.

“The police, the fraud squad and trading standards need to be looking into this. Otherwise people will lose faith in it,” he said.

People loosing faith in the cult of Algore would be a damn good thing.