Saturday, October 24, 2015

Trump doesn't get why Carson is ahead in Iowa citing religion when it's support for ethanol giving Carson the leg up

Trump, quoted here:

'“I love Iowa, and I honestly believe those polls are wrong,” he said. “I’m a Presbyterian, I’m a great Christian.”'

Forty percent of Iowa corn gets diverted to ethanol production, without which food prices would drop as feed prices normalize. All of which would mean harder times for Iowans.

Carson wants to add ethanol infrastructure and increase its share in gasoline to 30% instead of the current 10%:

'“Therefore, I would probably be in favor of taking that $4 billion a year we spend on oil subsidies and using that in new fueling stations" for 30 percent ethanol blends, he added.'

If Trump were smart he would exploit the unpopularity of ethanol with the American people revealed in polling to marginalize Carson nationally on the issue, but that will never sway Iowa voters tied to ethanol for their livelihood, sort of like preaching against gambling in Vegas.

Trump can afford to lose Iowa, and probably will.

He should move on.


Friday, October 23, 2015

Obama Injustice Department closes IRS investigation without bringing charges against anyone

Reported here:

'"We found no evidence that any IRS official acted based on political, discriminatory, corrupt or other inappropriate motives that would support a criminal prosecution," the letter [to Congress] stated.'

Rush Limbaugh doesn't understand the number one reason Ben Carson is doing so well in Iowa

Ethanol.

Crony capitalism in nutty Iowa: Nearly 40% of Iowa's corn ends up as ethanol, not feed, driving up food and fuel costs

Since 2010-2011, Iowa has produced an average of 12.7 billion bushels of corn, with an average of 5 billion bushels going to ethanol production, as reported here.

It is estimated food prices would fall 13% by repealing the Renewable Fuel Standard signed by George W. Bush in 2005. Ethanol also reduces MPG by 25%, is bad for engines and does nothing to reduce carbon emissions.

Republicans should kill ethanol! 


45 minutes after blaming Benghazi on a video, Hillary e-mailed Chelsea to say it was terrorism

"YOU LIE!"
She lies like a rug, like the rest of Obama's vermin.

Kim Strassel lays it all out, here:

'At 10:30 on the night of the attack, Mrs. Clinton issued a statement about the violence, blaming the video. ... Here’s what the Benghazi committee found in Thursday’s hearing. Two hours into Mrs. Clinton’s testimony, Ohio Rep. Jim Jordan referred to an email Mrs. Clinton sent to her daughter, Chelsea, at 11:12 the night of the attack, or 45 minutes after the secretary of state had issued a statement blaming YouTube-inflamed mobs. Her email reads: “Two of our officers were killed in Benghazi by an Al Queda-like group.” Mrs. Clinton doesn’t hedge in the email; no “it seems” or “it appears.” She tells her daughter that on the anniversary of 9/11 an al Qaeda group assassinated four Americans. ... The next afternoon, Mrs. Clinton had a call with the Egyptian Prime Minister Hesham Kandil. The notes from it are absolutely damning. The secretary of state tells him: “We know that the attack in Libya had nothing to do with the film. It was a planned attack—not a protest.” And yet Mrs. Clinton, and Ms. Rice and Mr. Obama for days and days continued to spin the video lie.'


Thursday, October 22, 2015

Recent Republicans who won the Iowa caucus but not the presidency

Gerald Ford, 1976
GHW Bush, 1980
Bob Dole, 1988
GHW Bush, 1992
Bob Dole, 1996
Mike Huckabee, 2008
Rick Santorum, 2012

Boston Herald bloviates against Trump, defends Bush for DHS, DNI and Patriot Act


“The FBI and the CIA and various agencies were not talking to each other,” Trump said. They didn’t like each other, they were jealous of each other, and a lot of things skipped through.”

All true. But who was the one man to successfully tackle that problem, to propose and get passed legislation to create a Department of Homeland Security, a director of National Intelligence, the Patriot Act?

That would be George W. Bush.

Oh yeah, creating another huge, unwieldy and costly bureaucracy which is unanswerable to the public, spies on its citizens, routinely lies to Congress and botched Hurricane Katrina response was a real resume enhancer for George W. Bush.

Wednesday, October 21, 2015

Jim Webb abandons ship, Joe Biden abandons ship . . .

. . . it's all on Hillary to scuttle now.

Biden won't be a candidate in 2016

Announcing it live right now on the radio.

"Honey, it's going to be OK."

Yes, it will.

The thing about the Bush clan

Four years of George Herbert Walker Bush gave us 8 years of Bill Clinton.

Eight years of George W. Bush gave us 8 years of Barack Obama (in progress).

And you people seriously want us to consider !Jeb?

For the record Ben Carson has been a Republican for less than a year, Trump a conflicted Republican for 17 years

Story here.

Obviously Ben Carson has not been a conviction politician.

Donald Trump registered as a Republican in New York in 1987 (under Reagan), 2009 (under Obama) and 2012 (under Obama). In 1999 (under Clinton) he had switched to the Independence Party, in 2001 (under Bush) to the Democrat Party, and in 2011 (under Obama) he affiliated with no one, according to this source.

So that's seventeen years (12 + 2 + 3) as a Republican, two as an Independence Party member, eight as a Democrat, and one year unaffiliated.

Obviously Donald Trump is a conflicted Republican, but can't possibly be described as an Obama Democrat, if anything just an anti-Bush Democrat. 

Hey Paul Ryan grow up already!


Trump pulls 32% and +10 in latest ABC/WaPo poll, climbs to 27.2 and +5.9 in Real Clear Politics poll average


Caroline Baum should be Treasury Secretary: She knows there's no reason even to think defaulting on the debt is possible

. . . unlike the rogues running the place currently, who are playing chicken with the full faith and credit of the US government.

Once again Caroline Baum cuts through the silliness and explains that there's plenty of revenue to pay what must be paid, here:

'The U.S. Treasury can’t cover all its monthly payments with incoming monthly revenue. But it can avoid default . . .. In any given month, the tax revenue flowing into the Treasury far exceeds interest payments — by a lot. Last month, for example, the Treasury took in $365 billion in tax receipts and made $21 billion in interest payments. For fiscal 2015, which ended Sept. 30, those figures are $3.2 trillion in tax receipts versus $402 billion in net interest. The U.S. government’s ability to service its debt — the principal can be rolled over — should not be an issue. But Treasury has made it one, claiming in 2011 and 2013 that it lacks the authority to prioritize debt payments, something households do all the time. ... [I]n written communications with the House Financial Services Committee in May 2014, the Treasury admitted that it would be “technologically capable” to prioritize debt payments.'

Monday, October 19, 2015

Paul Krugman, comedian: The Danes aren't melancholy


'Nor are the Danes melancholy: Denmark ranks at or near the top on international comparisons of “life satisfaction.”'

Denmark also ranks at or near the top for antidepressant use. 

(chart source)

Sunday, October 18, 2015

Real Clear Politics peels away older polls, Trump rises but lead narrows, expect fresher inputs this week


It's not just the satellite data showing a pause in global warming

The land record kept by NOAA does too. The decadal trend is actually slightly negative since January 1997: -0.19 degrees F per decade.

The warming models predict neither a pause let alone such a decline.

It's significantly warmer in Michigan, but it's nothing to get hysterical about

This graphic from Climate Central showing Michigan annual average temperature increasing 0.622 degrees F per decade 1970-2011 is pretty amazing.

I went to NCDC's Climate at a Glance page and reproduced that same result for myself just to verify it (0.6 degrees F per decade).

But one has to ask, Why confine results to 1970-2011 (the terminus ad quem for the study, published in 2012, was 2011) when you can easily go back to 1895 and get a per decade trend result for a much larger sample?

The change in average temperature on a per decade basis for the whole available sample period 1895-2014 produces 0.2 degrees F per decade in Michigan, three times less per decade than for 1970-2011 alone. The result is identical also through 2011. Despite the significant warming since the year 2000, the long term trend remains unmoved and the current period of warming may actually have run out of gas.

Michigan average temperature is increasing 0.2 degrees F per decade 1895-2014
























I thought it would be interesting to use the length of the sample period in question (42 years) and go back to the beginning of the record in 1898 and look at each 42 year period from then going forward to 1973 (which takes you through 2014) to see if there are any periods of decadal warming trend comparable to +0.6 degrees F per decade in 1970-2011. I chose 1898 to avoid some gaps in the record in some places in prior years in Michigan.

The results are graphed below.

It turns out there are five 42-year periods showing temperature trend of +0.5 degrees F per decade on the left side of the graph, beginning in 1903, 1912, 1914, 1915 and 1916. (Students of the Dust Bowl beginning in 1930, take note, as also those studying economics. Weak GDP of the era may be associated with warmer climate, as it also seems to be now.)

These correspond to six 42-year periods showing temperature trend of +0.5 degrees F per decade on the right side of the graph, beginning in 1960, 1961, 1962, 1963, 1964 and 1973.

If that were all that were to it, there would be no discussion of global warming today, despite the consecutive nature of the recent examples. The two data sets are almost a wash.

What is remarkable about the more recent data is the presence of four 42-year periods of +0.6 degrees F decadal trend (beginning in 1967, 1968, 1969 and 1970), and four of +0.7 degrees F (beginning in 1965, 1966, 1971 and 1972), all in conjunction with the +0.5 degrees F periods. It's a trifecta of warming data.

Still, overall the results show that there are two distinct periods where the decadal trend is consistently +0.2 degrees F or above: the 27 years from 1898 to 1924, and the 20 years from 1954 to 1973. In the former the average of the decadal uptrend is +0.3555 degrees F per decade. In the latter the average of the decadal uptrend is +0.4950 degrees F per decade. Clearly the latter period, contemporary with us, is significantly warmer than the former, by 39%, about which some of us have become hysterical.

The antidote to this is the trough of downtrend years in the middle of the graph which coincides with the period of the global cooling hysteria of the late 1960s and 1970s. The 42-year trend record went negative for 1928-1969 and stayed negative to flat until the period 1946-1987, nineteen years straight, twenty if you count the flat period 1927-1968. Year after year, the 42-year trends ended -.1 degrees F decadal trend or -.2. Many climate scientists predicted the return of an ice age while unbeknowst to them the seeds of a warming era were already germinating.

The record shows how quickly things can turn, for example 0.5 degrees F in trend in just seven years from 1923 to 1930, from above trend on net to well below it.

The decadal trend fell by a whopping 50% between 1917-1958 and 1918-1959, from +0.4 degrees F to +0.2.

More recently the decadal trend fell by 28.5% between 1972-2013 and 1973-2014, from +0.7 degrees F to +0.5. (It's entirely within the realm of possibility that decadal trend could revert to normal by the close of 2017.)

There was just one similar abrupt change to the upside. Between 1964-2005 and 1965-2006 the decadal trend shot up 40% from +0.5 degrees F to +0.7.

Otherwise the record shows incremental change in the trend from year to year, 0.1 degree F up or down at the most.

Don't be surprised when you see it.


























Saturday, October 17, 2015

Trump is averaging 23.6% in Real Clear Politics poll average, in first by +4.0


Surprise, The New York Times thinks Denmark, the land of the drunk, mean and discriminatory, is just wonderful!

Here, lying through its teeth, as usual:

'[Hillary] also said, “We are not Denmark.” Nope. Not by any stretch. Denmark has a slightly higher tax load on its citizens than the United States. But it also has budget surpluses, universal health care, shorter working hours, and was recently rated by Forbes magazine as the best country in the world for business.'

Hm, the same place as this:

"Yeah yeah, I’m being too harsh. Every country has problems, Denmark’s are just different from the ones I grew up used to. Overall, Denmark is quiet, introverted and socialist, my three favorite things. Also, if I ever want to spend a weekend being drunk, mean and discriminatory, at least now I know where to go."

The Danes lately excel at being in hock, in addition to being drunk, mean and discriminatory:

"Danish households owe their creditors 321 percent of disposable incomes, according to the Organization for Economic Cooperation and Development. That’s the highest ratio in the world and a level that’s prompted warnings from both the OECD and the International Monetary Fund to rein in borrowing. Danish authorities have argued that households aren’t at risk thanks to high pension and household equity levels."

Denmark has the top tax rate in the OECD in 2014, 60.4%, ahead of Sweden (56.9%), Portugal (56.5%), and France (54.5%). The rate for the US is listed at 46.3%.

Denmark's top tax rate is 30% higher than in the US. That's what The New York Times means by "slightly higher".

Denmark not coincidentally is a global frontrunner in depression and mental illness. It consumes 84 antidepressant doses per day per 1000 of population, second only to Iceland (101 doses).





Bernie Sanders call your office: The poor have higher incomes in the US in real terms in most cases

Bernie Sanders' debate claims about poor US children are eviscerated here by an adherent of Austrian economics:

"Thus, the fact that the US has higher poverty rates says very little about the actual living standards of the poor. The poor have higher incomes in the US in real terms in most cases. The countries that should really give us concern are the countries that have high levels of poverty and low median incomes. ...  Greece, Mexico, Israel, Spain, Italy, Ireland, UK, and Portugal -- are the ones that have the least to offer the poor."

Friday, October 16, 2015

Obamacare's been fabulous . . . for investors in healthcare company stocks

Story here:

"Since the Patient Protection and Affordable Care Act took effect two years ago in the rockiest of rollouts, American health-care companies outperformed every industry in the U.S. Taken together, they are the best collection of stocks among worldwide peers."

Profiteering off of human misery is standard operating procedure in the United States of Crony Capitalism.

Thursday, October 15, 2015

Bush W-2 employment 2004-07 narrowly beats Obama's 2011-14

Bush gains in W-2 employment:

2004 1.7 million
2005 2.2 million
2006 2.3 million
2007 1.7 million

total  7.9 million


Obama gains in W-2 employment:

2011 1.0 million
2012 2.2 million
2013 2.2 million
2014 2.4 million

total  7.8 million


The first six years of Bush:    5.8 million
The first six years of Obama: 2.8 million

Rush Limbaugh thinks the 46 million on food stamps are the U-3 "counted" unemployed, many of whom actually can and do work

Yesterday, here:

"Today, there are 46 million Americans unemployed, and 94 million not working. Now, these 46 million people, these are the counted unemployed. This is the U-3 number. The counted unemployed represent 14% of the population."

Limbaugh somehow gets this convoluted mess from here, which he cites but which clearly states the 46 million are those on food stamps, not the U-3 "counted" unemployed:

"The reason you don’t see huge lines of people waiting in soup lines during this Greater Depression is because the government has figured out how to disguise suffering through modern technology. During the height of the Great Depression in 1933, there were 12.8 million Americans unemployed. These were the men pictured in the soup lines. Today, there are 46 million Americans in an electronic soup kitchen line, as their food is distributed through EBT cards (with that angel of mercy JP Morgan reaping billions in profits by processing the transactions). These 46 million people represent 14% of the U.S. population." 

In the latest Employment Situation Summary from the Bureau of Labor Statistics for September, those actually counted as unemployed are listed at 7.915 million (2.5% of the population) and the not counted as unemployed at 1.9 million:

"In September, the unemployment rate held at 5.1 percent, and the number of unemployed persons (7.9 million) changed little. Over the year, the unemployment rate and the number of unemployed persons were down by 0.8 percentage point and 1.3 million, respectively. (See table A-1.) . . . In September, 1.9 million persons were marginally attached to the labor force, down by 305,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)"

U-3 is not a number in millions as Limbaugh says but a rate, the percentage of the labor force which is unemployed (7.915 million / 156.715 million), namely 5.1%.

Limbaugh doesn't understand that lots of employed people get food stamps. Individuals grossing up to $15,312 annually can still qualify for assistance.

Almost 49 million individuals made up to but not more than $15,000 annually in 2014.

The unemployed in Sept. 2015 numbered 7.9 million

U-3 is a percentage

Wednesday, October 14, 2015

Why Trump is doomed

Ed Rogers, here:

"Clinton can talk about the issues, and Trump can’t."

Democrat debate audience gave Hillary just 17 votes out of 233, coming in third behind Sanders the overwhelming winner and O'Malley

From the story here:

"Not everybody voted, but when it was all over, Bernie was the big winner, with 139 votes. O'Malley came in second with 67 votes."

Democrats win by circling the wagons while Republicans stage circular firing squads

Bernie Sanders rallied around Hillary Clinton tonight over her e-mail problems, admitting it wasn't in his political interests to do so. The two of them almost made love on stage. The crowd went nuts.

Democrats understand the principle: don't help your enemies, help your friends.


Tuesday, October 13, 2015

The Democrat debate was all about fixing America after two failed terms of a Democrat president


If you don't think FOX and the WSJ are polling to undo Trump then you probably don't believe that Bush and Ayotte planted Batchelder in Trump's audience

Story here.

Only the Rupert Murdoch owned polls show Trump and Carson neck and neck, otherwise Trump averages +8.75 and the libertarian IBD poll is clearly a lying outlier


Conservative news sarcasm alert: 97% of those 94.6 million not in the labor force aren't lazy bums after all

They're the 92 million who are in high school, college, and graduate school full-time, or who are raising the kids at home, or are disabled, or are over 65 years of age, retired and drawing Social Security.

Just 3% don't fit into any of those categories, or about 2.8 million people, that's it.

These are the  truly "marginally attached" who aren't counted as unemployed.

The Bureau of Labor Statistics says about them:

"These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey."

The BLS estimates they number 1.9 million in September. This analysis puts them about a million higher than that. Both can't be right but the margin of error is only 1%.

The government's estimate is close enough, I'd say.

Monday, October 12, 2015

Trump's success teaches that Republican voters are not libertarian ideologues

So says John Reid, here:

'Yet if the Trump’s enduring success has taught us anything [it] is that Republican voters are not libertarian ideologues. He recognizes that politics is about “Who, whom?”'

Rush Limbaugh sticks up for the traditional family against National Review and Kevin Williamson

And Williamson is stung by it, here.

Rush is right. National Review used to be a conservative magazine. Now it's a libertarian one:

"This all took place [says Williamson] in the context of a discussion of Mississippi governor Phil Bryant’s boneheaded remarks about working mothers. It was conventional-wisdom stuff — that children do better when the mother is at home rather than working outside it — and, as is very often the case, the conventional wisdom is wrong here."

Not alienating potential voters is more important to libertarians than defending what is right.  

Conservative news sarcasm alert: 2% of those 94.6 million lazy bums not in the labor force who eat but don't work pursue graduate degrees full-time


Sunday, October 11, 2015

Young "journalist" recently making $5,600 a month actually believes it's cheaper to eat out

Seen here:

'Technology has had a hand in widening the wealth gap and eliminating much of the middle-class since this industry shift began decades ago. But with the other hand, tech scoops up and delivers old promises of middle-class life and delivers them to the new poor. It’s cheaper to eat out, to shop, to entertain yourself, and to obtain consumer technology that makes all those things even more convenient, even on just $21,000 a year. A knowledge economy is sometimes referred to as “an economics of abundance, not scarcity.” It’s really an economics of scarcity with the appearance of abundance.'

Uh huh. She spends more time tweeting (14x/day) than researching, thinking or cooking, otherwise she'd know a single person can eat like a king three times a day for less than $3,500 a year simply by shunning food prepared in restaurants, fast food eateries and delicatessens and cooking entirely for oneself at home. Alcohol and toilet paper included. At $12.75 twice a day it costs $9,300 a year to eat out, once a day over $4,600. And you have to use the public sandpaper.

Spending a minimum of 22% of income on food for just one meal a day is crazy, and way too close to the housing component which should never exceed 28-32% of income.

Kids these days.



It's Trump, Carson, CRUZ and Rubio in latest CBS poll, Trump firmly in lead with 23.7% in Real Clear Politics poll average


The Detroit News calls the libertarian Freedom Caucus "brats", wants Boehner back at least temporarily


"Too many House Republicans have taken their eyes off the prize. Rather than craft a patient strategy to position themselves as the party of adult leadership in a broken Washington, they have become battling brats intent on mounting quixotic fights they can’t win in the interest of proving their conservative cred."

The Freedom Caucus is doing what libertarians customarily do to Republicans in election contests

Keep them from getting elected, and advance Democrats to power. It's their reason for existing.

When are Republicans finally going to say enough is enough and throw them out?


Conservative news sarcasm alert: 13% of those 94.6 million lazy bums not in the labor force who eat but don't work stay home to raise the kids

10.4 million mothers and 2 million fathers stayed home to raise kids in 2012

Saturday, October 10, 2015

Conservative news sarcasm alert: 11.5% of those 94.6 million lazy bums not in the labor force who eat but don't work are disabled working-age people


Average age of a car on the road climbs from 11.4 years in 2014 to 11.5 years in 2015

IHS Inc. reported here at the end of July:

SOUTHFIELD, Mich.--(BUSINESS WIRE)--The combined average age of all light vehicles on the road in the U.S. has climbed slightly to 11.5 years, based on a snapshot of vehicles in operation (VIO) taken Jan. 1 of this year, according to IHS Automotive, a global provider of critical information and insight to the automotive industry and part of IHS Inc. (NYSE: IHS).

I know. Mine average 13 years old.

floats like a butterfly . . .

. . . stings like a bee, when you stick it


Tuesday, October 6, 2015

Biased polling: Libertarian leaning polls have Trump averaging 20%, the others 25%

IBD 17
WSJ 21
BLOOMBERG 21

Average 20


USAT 23
PEW 25
FOX 26
QUINNIPIAC 25
CNN 24

Average 25

The girly men at National Review still feel like Trump attacked them

Lowry and Ponnuru, here, who think Megyn Kelly, Carly Fiorina and Rosie O'Donnell make a "whole pattern":

'Trump’s discarded wives and his habit of making gross sexual insults of women also make it easier for liberals to campaign against Republicans’ supposed “war on women.” Perhaps one or two of Trump’s comments were not as disgusting as they have generally been taken to be: Maybe he didn’t mean to suggest that Fox anchor Megyn Kelly asked him tough questions because she was menstruating. But look at the whole pattern — his repeated attacks on her as a “bimbo,” his slam of Carly Fiorina’s face, his description of other women as pigs — and it’s clear that these bits of ugliness are not gaffes so much as a way of life.'

What a couple a pussies. No one who goes off on three men automatically becomes a man-hater. Men do it all the time, and so do women. But "discarded wives" gives it all away. They were no more discarded than any other gold digger is discarded. Women always take the side of the women.

Besides, the Megan Kelly and Carly Fiorina examples are weak. In the one case Trump artlessly hunted for the ages old idiom "seeing red" and came up short (and isn't everything he says equally artless?), and in the other the source for the story is as suspect as suspect can be but people who are purportedly conservative are still prepared to buy it? Predisposed to buy it is more like it. Carly Fiorina's success with this fake story among Republicans tells you all you need to know about the Republican Party, and Carly Fiorina.   

Rosie O'Donnell, on the other hand, has a big fat target on her back for a reason, and deserves everything she gets.