Tuesday, August 29, 2017

Meanwhile, we get "broken window fallacy" nonsense from The New York Times about Hurricane Harvey

Destroy the previous products of GDP which produced GDP of their own, and presto! More GDP!

Might as well just print the stuff on steroids and spend it.

About 21% of taxpayer money and borrowings is already misallocated to expenditure by the federal government. Some of that is absolutely necessary, but even that is not spent well.

Hurricanes aren't called disasters for nothing.


Ellen Zentner, chief United States economist at Morgan Stanley, said that although Hurricane Harvey’s impact on national gross domestic product in the third quarter might be fairly neutral, “the lagged effects of rebuilding homes and replacing motor vehicles can lost longer,” providing a lift to gross domestic product in the fourth quarter and beyond.

On the other hand, an extended rise in gasoline prices could have a more immediate effect. Each 10-cent rise in the price of gasoline is equivalent to a $10 billion tax on consumers, Ms. Zentner said, so “should higher prices be sustained, it would rob other categories of spending as dollars are diverted to filling tanks.” ...

The economic impact of the storm will not be clear with any degree of accuracy for a while. But given Houston’s commercial importance — and its perch along a well-trod hurricane zone — economists and others have long taken it for granted that an epic storm would hit the region eventually, so have a head start on the numbers.

Today would be a good day for Trump quietly to sink a few North Korean submarines


Monday, August 28, 2017

There were lots and lots of articles today about a tax reform bill . . .

. . . as if the Obamacare repeal debacle had never even happened.

Sunday, August 27, 2017

Laugh of the Day: "Maybe this will chase all the Katrina refugees back to New Orleans"

Seen here in the comments.

Fissures are erupting between BLM and antifa: Antifa accuses BLM in Dallas of being cops

The white antifa in Dallas were told by BLM to take off their masks and go home, shades of "take off your hoods".

Blacks are beginning to call out antifa as KKK.

Now that's progress!

Videos here and here.

Cuckservative schizophrenia at The Weekly Standard: 27 antifa arrests for anti-police violence in Boston, but Trump still wrong

From the August 20th story here, which also misses the growing polarization between antifa and BLM:

The atmosphere of the counter-protest was not as violent as these sentiments. Nor, with the exception of the small antifa group, was there the whiff of militarism that leaks from the alt-right. So President Trump was wrong to characterize the crowd as “anti-police agitators.” ...

In the park, the counter-protesters divided into two camps. The BLM protesters gathered on one side, the socialist groups on another. Eventually, the antifa and the police got to grips. The Police Department tweeted a request that people stop throwing “urine, bottles, and other harmful projectiles at our officers.” Twenty-seven people were arrested.


Saturday, August 26, 2017

The victims surrender: Half a million fools march in Barcelona against Islamophobia

From the story here:

"We are here to say we're not afraid, we are united and we want peace," said 59-year-old pensioner Victoria Padilla as she marched. Slogans carried by marchers read "The best answer: peace" and "No to Islamophobia".

Police estimated the march at half a million people.

Members of Spain's Islamic community marched alongside the King and Prime Minister Rajoy, including women wearing hijabs. Speakers gave readings next to a floral display with the words 'Barcelona' and 'I am not afraid' in different languages including Arabic.

Barcelona used to be an outpost of the Frankish Kingdom, but now it embraces the enemy there


Cucks in Catalonia: In Spain the victims pretend there can be unity with the perpetrators


Jonah Goldberg knows a thing or two about self-hatred

In "Behind the monument wars is a plague of self-hatred", Goldberg calls self-hatred a "Western disease". Gee, where'd we catch that?

The mobs of students — and their enabling professors and administrators — renaming buildings and bowdlerizing the language are still products of Western civilization. Even the poseurs who think Googling a few phrases from Karl Marx and wearing a Che Guevara T-shirt make them anti-colonialists are disciples of Western thinkers. Where does Mark-Viverito think her mother’s feminism came from? The Arawaks? For centuries, to the extent that educated Muslims talked about the Crusades at all, it was to boast about how they emerged victorious from them.

But Osama bin Laden and his ilk read too much Noam Chomsky and caught the Western disease of victimization and resentment. That’s the plague sweeping the land now. And tearing down some statues and renaming some streets isn’t a cure, it’s a symptom.

Friday, August 25, 2017

Mexico lost the war, so all the Spanish names must go: Do you know the way to Saint Jo-seph?


Trump pardons Sheriff Joe

Story here.

Pardon me, sir, just doin' my job.

Why I haven't flown since TWA Flight 800

Memorial to Pam, Shannon and Katie Lychner, 3 of 230 who perished
I worked for a cargo airline at the time, and we went into freak-out mode after Flight 800 with cargo inspection procedures to prevent against the introduction of explosives. We were promised that technology was just around the corner to insure that everything going on the plane was safe, and that we wouldn't have to expend all the extra effort for long, opening up everything to check it ourselves. But it never happened, at least not adequately, and to this day it hasn't. For me, it meant operational burnout, and I quit.

You fly at your own risk. 

Crappy News Network reports, here, that the problems still remain:

As the TSA continues to study its current cargo screening protocols, it is unclear if or when it might implement any changes.

But an airport security official told CNN that new safety protocols and additional resources may not close all the gaps that exist in airline cargo security.

"Cargo is a vast area with lots of access points -- you can never get it completely right," said Mark Hatfield, chief security officer at Miami International Airport.

"It's something that keeps us up at night," he added.

My seventeen year-old said he wants to sit in the front row of a no-whites college orientation . . .

. . . just so he can tell the bastards who object that their kids will be pulling down a statue to him 100 years from now.

"And we beheld his glory, the glory as of the only begotten of the Father".

I'm so proud.

To libertarians there is no injustice too great which can be perpetrated in the pursuit of open borders


You know, we could make a LOT of money if we took our "allies'" oil "off the market", so to speak


Peter Berkowitz agrees with us that Hillary Clinton was the worst candidate since Mondale


Although Hillary Clinton won the 2016 popular vote, her Electoral College loss—the only result that is constitutionally relevant—to Donald Trump inflicted a trauma for Democrats comparable to 1984. True, Mondale’s margin of defeat was enormous, but he ran against a popular incumbent president and gifted politician whose policies were credited with reviving a moribund economy. And yes, Clinton fell a mere 70,000-combined votes short in Wisconsin, Michigan, and Pennsylvania. But the embarrassing scandal for Democrats was that a race between their former secretary of state/former senator/former first lady and the major-party candidate with the highest disapproval ratings and the least political preparation in American history was even close.

But losing 20 states in 2016 to your party's loser from 2004 isn't just embarrassing. It's a sign of popular revulsion. 

Chris Jacobs for The Federalist favors the status quo on Medicaid in exchange for Obamacare repeal

It's uncanny how similar Chris Jacobs' overarching point is to the one we expressed here in June when we said that the status quo ante Obamacare was not the way forward, and that the way forward involves getting a buy-in from moderates and liberals on reform, but not repeal, of the Medicaid expansion in exchange for repeal of Obamacare root and branch.

The difference is in solving the funding problem. Jacobs admits his plan precludes "repealing all of Obamacare’s tax increases." Our idea doesn't, in exchange for a broadly based Medicaid payroll tax to democratize the costs. 50 million participants in the small group and individual markets are bearing the burden of funding "health insurance" for the poor, i.e. Medicaid, through grossly more expensive premiums and deductibles than before Obamacare.

As others have observed, the growth of the uninsured post-Obamacare is in this group because they can't afford it anymore.

The way forward is a compromise which keeps the Medicaid expansion, funds it fairly, retains state control of the program (federalism) just as now, and repeals Obamacare. 

Jacobs, here:

In both the House and the Senate, debate focused on a push-pull between two competing issues: The status of Medicaid expansion in the 31 states that accepted it, and what to do about Obamacare’s regulatory regime. During the spring and summer, congressional leaders attempted messy compromises on each issue, phasing out the higher federal match for Medicaid expansion populations over time, while crafting complex processes allowing states, insurers, or both to waive some—but not all—of Obamacare’s regulatory requirements.

But rather than constructing substantively cumbersome waiver arrangements—the legislative equivalent of a camel being a horse written by committee—Occam’s Razor suggests a simpler, cleaner solution: Preserving the status quo (i.e., the enhanced federal match) on Medicaid expansion in exchange for full repeal of Obamacare’s insurance regulations at the federal level.

A “grand bargain” in this vein would give Senate moderates a clear win on Medicaid expansion, while providing conservatives their desired outcome on Obamacare’s regulations.