September 16, 2021

Everyone is making more

Everyone is making more

Yes, the rich got richer.  But so did everyone else.  The CBO Distribution of Household Income Report 2017, just released, shows that there has been a continual increase in income by all quintiles with the lowest quintile actually having the highest growth.

What is a fair share?



It seems that we already have a progressive tax system and the richest are paying by far the highest share.














September 15, 2021

Still no help from Lebron or BLM

 

 





Where’s the outrage? Where’s BLM? Where’s Lebron?

Another week and more lives lost. Until the Democrats stop propagating the false narrative nothing will change.

Black lives matter - I support the words but cannot support the organization because it propagates the false narrative that systemic racism is the primary cause of the disparities(incarceration, teen mothers, fatherless households, income, wealth, etc.) between blacks and whites.

Racism exists, it’s bad, and we should continue to work to reduce it. Excess police force is bad and we should continue to work to reduce it.

BLM organization’s positions and policies do not address the problems (murders, fatherless households, teen pregnancy) and do not address the key root causes (it’s not excessive police force or systemic racism.)

September 13, 2021

Iran Nuclear Deal was always a Fairy Tale


UPDATE - But the regime also has stonewalled a sep­a­rate IAEA in­ves­ti­ga­tion into un­de­clared nu­clear sites in the coun­try. This points to a fun­da­men­tal flaw in the nu­clear agree­ment: No one knows the true ex­tent of the Iran­ian nu­clear pro­gram, let alone what’s hap­pen­ing at the de­clared sites. The sense of se­cu­rity the deal pro­vided the West was il­lu­sory, but the sanc­tions re­lief was real.


Iran was always Cheating

A key part of the Iran Nuclear Deal, in addition to the "anywhere anytime" inspections (that in reality were only as/if Iran chose to allow - which they didn't) was complete disclosure of all nuclear activity.

Just this month the IAEA said its in­ves­ti­ga­tors found nu­clear ma­te­r­ial at another un­de­clared site and that Iran’s ex­pla­na­tion was “not cred­i­ble.” 

This is in addition to the discovery in May 2018 of the existence of a secret Iranian nuclear archive — a curation of Iran’s past work on nuclear weapons, which had never been disclosed to international inspectors or nuclear deal negotiators.

What else don't we know.

Too bad Iran's top nuclear weapons scientist, Mohsen Fakhrizadeh, was just assassinated in an ambush.

And too bad that it appears Democrats and Biden's team still believe in fairy tales

U.S. Senator Chris Murphy, the top Democrat on the U.S. Senate’s Middle East subcommittee, said on Twitter that “this assassination does not make America, Israel or the world safer.” Huh???

Robert Malley, who served as Iran adviser to Obama and is advisor to Biden’s team, questions Fakhrizadeh’s killing, "One purpose is simply to inflict as much damage to Iran economically and to its nuclear program while they can, and the other could be to complicate President Biden’s ability to resume diplomacy and resume the nuclear deal” 




 

September 11, 2021

Way to go Joe

 Can anybody imagine, well I guess half the country can, what the Democrats would be doing if Trump had won and was doing the things Biden is doing?

Strong possibility you’d be seeing more Democrats dying from burst blood vessels than COVID. 

September 7, 2021

Biden’s climate policies cost more than they save

 Biden‘s climate policies cost more than they save. 

The proposed changes essentially eliminate very low cost power sources for very high cost power sources meaning they significantly reduce the GDP in early years and only slightly increase GDP in late years. 

Also, importantly, the changes make only a slight difference in what will be an increase in temperatures.

Some important changes would be to significantly increase R&D dollars and to fully back nuclear.


A great article  https://johnhcochrane.blogspot.com/2021/09/climate-economics.html



But climate financial regulation will not help the climate, will further politicize central banks, and will destroy their precious independence, while forcing financial companies to devise absurdly fictitious climate-risk assessments will ruin financial regulation.

September 5, 2021

There’s no increase in numbers or intensity of hurricanes or wildfires






 


Steven Koonin, who was chief sci­en­tist of the Obama En­ergy De­part­ment ar­gues that what the me­dia and politi­cians and ac­tivists say about cli­mate sci­ence has drifted so far out of touch with the ac­tual sci­ence as to be ab­surdly, demon­stra­bly false.


From deeply ex­am­in­ing the world’s en­ergy sys­tem, he also be­came con­vinced that the real cli­mate cri­sis was a cri­sis of po­lit­i­cal and sci­en­tific can­dor: “the world isn’t go­ing to be able to re­duce emis­sions enough to make much dif­fer­ence.”

He points out the weakness and uncertainty in the models, doubting the use­ful­ness of cen­tu­ry­long fore­casts claim­ing to know how 1% shifts in vari­ables will af­fect a global cli­mate that we don’t un­der­stand with any­thing re­sem­bling 1% pre­ci­sion.

He agrees that the world has warmed by 1 de­gree Cel­sius since 1900 and will warm by an­other de­gree this cen­tury, plac­ing him near the mid­dle of the con­sen­sus, but he doesn’t see any­thing that would jus­tify the rapid and whole­sale aban­don­ing of fos­sil fu­els, even if China, In­dia, Brazil, In­done­sia and oth­ers could be dis­suaded from pur­su­ing pros­per­ity.

He’s a fan of ad­vanced nu­clear power even­tu­ally to pro­vide car­bon free base-load power.

But the Green New Deal makes no eco­nomic sense to force.  Every­thing he sees in the sci­ence sug­gests a slow, mod­est ef­fect, not a run­away warm­ing.  Let tech­nology and mar­kets work at their own pace. The cli­mate might con­tinue to change, at a pace that’s hard to per­ceive, but so­ci­eties will adapt. “As a species, we’re very good at adapt­ing.”


But climate financial regulation will not help the climate, will further politicize central banks, and will destroy their precious independence, while forcing financial companies to devise absurdly fictitious climate-risk assessments will ruin financial regulation. https://johnhcochrane.blogspot.com/2021/07/climate-risk-to-financial-system.html



https://johnhcochrane.blogspot.com/2021/07/rossi-hansberg-on-effects-of-carbon-tax.html

September 3, 2021

Joe “leave no one behind” Biden

Joe “leave no one behind” Biden





Afghan interpreter who helped rescue Biden in 2008 left behind after US exit


Law­mak­ers and me­dia or­ga­ni­za­tions are call­ing on the Biden ad­min­is­tra­tion to help get more than 500 gov­ern­ment-funded me­dia em­ploy­ees and their families out of Af­ghanistan, where they risk ret­ribution from the Tal­iban for their af­fil­i­a­tion with the U.S. gov­ern­ment.


A State Department official said in a private ebriefing to reporters that “the majority” (10’s of thousands) of special immigrant visa applicants were left in Afghanistan due in part to the complications of the evacuation


Hundreds of American citizens left behind -US State Department


Not to mention the tens of billions of dollars of weapons left behind

September 2, 2021

Roe v Wade was not overturned

 SCOTUS doesn’t rule the Texas law is Constitutional. It actually followed precedent by not ruling on the law until there is a person with standing bringing a case. Ultimately the Supreme Court will find the Texas abortion law unconstitutional: “…we stress that we do not purport to resolve definitively any jurisdictional or substantive claim in the applicants’ lawsuit…this order is not based on any conclusion about the constitutionality of Texas’s law, and in no way limits other procedurally proper challenges…”

https://www.wsj.com/articles/texas-abortion-law-blunder-supreme-court-samuel-alito-john-roberts-whole-womans-health-11630619631?st=fqofvhmxrvvo9ok&reflink=article_copyURL_share

https://jonathanturley.org/2021/09/02/supreme-court-rejects-injunction-of-texas-abortion-law-media-erupts-with-roe-obituaries/

Turkey - This order concerns whether a court can enjoin the law before any final review on the merits. Any challenge to the law could be expedited on appeal.

The problem is that the challengers to the Texas law picked defendants (a state court judge and a court clerk) that do not enforce the law. Indeed, they appear virtually random.

Individual responsibility versus "privilege "


Individual responsibility versus privilege  

I listened to “The Daily” (NYT) podcast about hurricane Ida.  My heart goes out to the millions of people who are suffering and at risk due to the lack of air conditioning when it’s extremely hot and humid down there, lack of water, lack of food, and lack of gas. 

However, there were two aspects that bothered me. 

The first was the speaker’s us of the word “privileged” when comparing those who lived in areas or that had more resources that were better able to deal with the horrible conditions. Priviledge is defined as, “a special right, advantage, or immunity granted or available only to a particular person or group.” 

I know of nothing in the US that prevents anyone from working harder, longer, smarter to better their position, other than any inherent limitations a individual has. I find it particularly unfair, and a threat to our country, when people claim that disparities in outcomes is primarily due to some undefined and unclear “privilege” rather than effort, self reliance, individual responsibility, and environment during developmental years.

The second point is that I can’t help but wonder how the New York Times along with the rest of the main stream media would be talking about the role of the government and the failure of the government to immediately resolve the problems and issues millions of people are suffering right now if there was a Republican president.  Note this is not a criticism of Biden or the governments response. It is a criticism of the NYT’s and main stream media’s  and complete hypocrisy.


September 1, 2021

Waking up more important than keeping your word

 Hmmm. Why is it that now using certain words like “birthing person” instead of “birthing mother” is more important than keeping our word “we will leave no one behind.”


Cryptos are cryptic (to me)

 

Given the total supply of crypto currencies (e.g. Bitcoin, Ethereum, etc.) is infinite

AND given the price of something in infinite supply is its marginal cost of production,

HOW can anybody justify the current values of crypto currencies?

Not to mention that the transaction cost driven by the cost to validate transactions is not free. In fact this cost can be significant.


August 30, 2021

Where’s BLM, Biden, Lebron?




Where’s the outrage? Where’s BLM? Where’s Lebron?

Another week and more lives lost. Until the Democrats stop propagating the false narrative nothing will change.

Black lives matter - I support the words but cannot support the organization because it propagates the false narrative that systemic racism is the primary cause of the disparities(incarceration, teen mothers, fatherless households, income, wealth, etc.) between blacks and whites.

Racism exists, it’s bad, and we should continue to work to reduce it. Excess police force is bad and we should continue to work to reduce it.

BLM organization’s positions and policies do not address the problems (murders, fatherless households, teen pregnancy) and do not address the key root causes (it’s not excessive police force or systemic racism.)

August 27, 2021

Fair Share?

Democrats continually say that they want everyone to pay their "fair share".  The most recently available data on household income shows that there is already a very progressive Federal taxing of households with the bottom quintile of households paying zero tax and the richest households paying 46.2% of their income as tax.  How much fairer do they want?

In fact, what would be unfair if somebody works a little harder, a little smarter or a little longer and makes a little more that they pay the same percent on the extra as everyone else.  Wouldn't it be fair to treat everyone the same?  Wouldn't it be better if everyone contributed (pay taxes) instead of developing an entire group of people that are not asked to contribute but at the same time are being promised more? 


UPDATE in 2020, with the significant expansion of credits, it is estimated that over 60% of households had ZERO net federal tax payments. https://taxfoundation.org/us-households-paying-no-income-tax/


If Mr. Sanders were to con­fis­cate every as­set of every Amer­i­can bil­lion­aire—Jeff Be­zos’s rock­ets; Elon Musk’s bit­coin; Larry El­li­son’s boats; Oprah Win­frey’s houses; Ted Turn­er’s ranches; Jay-Z’s car col­lec­tion; even the starched shirt off the back of poor Larry Fink, who tied for last place on the Forbes list, at $1 bil­lion—it still wouldn’t cover the cost of De­moc­rats’ next two leg­isla­tive plans. That’s to say noth­ing of fund­ing the gov­ern­ment’s reg­u­lar op­er­a­tions, a base­line bud­get that’s ex­pected to be roughly $4 tril­lion a year. And we haven’t al­lo­cated a dime yet to Mr. Sanders’s larger am­bi­tions, in­clud­ing Medicare for All.

August 25, 2021

Biden - Military Genius - NOT!


Biden and his administration still want their participation trophies. It’s not what they did (saved some) but what they didn’t do (leave no one behind.) 


Biden is a military genius, NOT!

18 months before Biden abandoned Bagram and handed Afghanistan security to the terrorist Taliban  – zero deaths

9 weeks after Biden’s abandoning Bagram - 13 deaths (and possibly/likely more)


Psaki-“We will leave when our mission is completed. Our mission is to leave.”  Huh?

Nearly 90 retired U.S. generals and admirals penned an open letter asking Secretary of Defense Lloyd Austin and the Chairman of the Joint Chiefs of Staff General Mark Milley to resign from their positions following their “negligence in performing their duties primarily involving events surrounding the disastrous withdrawal from Afghanistan.”

https://flagofficers4america.com/read-and-sign-our-letters

Ben Crenshaw - “ The world just witnessed the President of the United States take orders from a band of barbaric terrorists while ignoring the pleas of our international allies and Americans he will leave behind … Joe Biden is a coward”.

Military genius - abandoning your large, secure, easily defended airbase in order to use a small airport surrounded by a congested city that you have allowed your enemy, known terrorists, to surround. 

Allies thoughts. London Telegraph 

“A few days ago, the G7 met – not to agree any plan of action, but to beg Biden to hold the airport for a few days longer. He refused. 


The integrity of Nato is certainly up for question now. Afghanistan was supposed to be a Nato mission but it was ended by Washington without involving any of the supposed allies.”

Washington Post - “Every stoning. Every beheading. Every terrorist act that is born in Afghanistan over the next many decades can be traced to the events of August 2021. When the Taliban attacked Forward Operating Base Chapman in March — violating the Doha agreement signed the year before — Biden chose not to abrogate the pact. This passive response was the only signal the Taliban needed. Biden unleashed the dogs of war by not fighting back, just in time for the spring fighting season.”

Lara Seligman - SCOOP: U.S. officials gave the Taliban a list of names of U.S. citizens, green card holders & Afghan allies to grant entry into the outer perimeter of the city’s airport, prompting outrage behind the scenes from lawmakers and military officials.


My Analogy

[Biden ]IS TO [Biden’s claims about his Afghanistan withdrawal]

AS

[A fireman starting a fire in an apartment] IS TO [that fireman bragging about saving 1/2 of the lives (ignoring the 1/2 that he killed)] 



August 24, 2021

Biden’s Failure (or lies)


 No indications our people are having difficulty getting to the airport

There’s no Al-Qaeda in Afghanistan

We needed tens of thousands of troops and trillions of dollars to maintain the stalemate in Afghanistan

Nothing but respect from our allies

There’s no national interest in stopping Afghanistan from becoming a terrorist state again

We will protect women’s rights in Afghanistan

We planned for every contingency

Washington Post - This is a moral disaster, one attributable not to the actions of military and diplomatic personnel in Kabul — who have been courageous and professional, in the face of deadly dangers — but to mistakes, strategic and tactical, by Mr. Biden and his administration.

Biden not willing to enforce Trump’ agreement. He’s more than willing to abrogate Trump’s other policies and agreements.

Taliban violating key provisions: ceasefire;Afghan negotiations; not allow use of Afghanistan soil to threaten the US; and allow Afghans to seek asylum.

Ayaan Hirsi Ali “The recklessness of the Biden team continues to astound me. It really is as if they are deaf, dumb, and blind – ignoring not only what is happening on the ground in Afghanistan but also what has happened in multiple similar situations throughout history.”

https://www.telegraph.co.uk/news/2021/08/28/joe-biden-deaf-dumb-blind-chaos-us-has-unleashed/


Allies thoughts. London Telegraph 

“A few days ago, the G7 met – not to agree any plan of action, but to beg Biden to hold the airport for a few days longer. He refused. 


The integrity of Nato is certainly up for question now. Afghanistan was supposed to be a Nato mission but it was ended by Washington without involving any of the supposed allies.”


BERNARD-HENRI LéVY - Worse than a crime, this is a mistake. And, worse than a mistake, it is a stain. A stain on the term of Joe Biden, whose first dramatic error this is. But also, in a greater sense, this stain dishonours the modern conscience. It will take a long time for that conscience to forget this failure, this shame.

https://www.nationalreview.com/2021/08/the-day-afghanistan-died/

August 22, 2021

Covid Update August 23, 2021- Hopefully Delta is waning( and it appears to be)

It appears, hopefully, that the Delta wave may have peaked here in the US.  Also, reassuringly, is that the UK, which opened up  July 19th, does not appear to have run away hospitalizations or deaths.

Comment on vaccines.  Vaccines are not force fields and do not stop the virus from entering your body.  What the vaccines do is to have your adaptive immune system primed to fight the virus if/when it enters your body preventing you from experiencing symptoms or greatly reduce the morbidity and mortality of the virus. 

Without random testing of representative populations, it is difficult to know for certain what is actually happening with the virus and vaccines in the population. It should not be a surprise, depending on the number and frequency of testing and the number of cycles used in the PCR amplification to detect virus or virus remnants in people, even with vaccination, if those people have been exposed to others with the virus (think Providence Rhode Island.)






August 19, 2021

Insurrections - which one concerns you more?

 Two movements

One was the BLM protests.  Other was the Trump Protest.  Which one looks more like an insurrection?

Over 70 million people voted for Trump. Tens of thousands of supporters went to Washington to support him on January 6. Thousands march to the capital. Hundreds broke into the capital. Tens had evil intent. This was wrong. It is condemned by all.   It wasn’t a significant threat to our Democracy. It wasn’t an armed insurrection.  The protesters did not kill anybody. [UPDATE  August 20, 2021 - FBI concludes The events of January 6, 2021, at the U.S. Capitol were not "the result of an organized plot to overturn the presidential election result, no evidence that President Trump or people directly around him were involved in organizing the violence]

There were over 1000 BLM riots in hundreds of cities, with repeated riots in multiple cities, causing billions of dollars of damage resulting in over 50 deaths  

https://www.reuters.com/world/us/exclusive-fbi-finds-scant-evidence-us-capitol-attack-was-coordinated-sources-2021-08-20/

https://thefederalist.com/2021/07/29/report-reveals-shocking-double-standards-for-bringing-u-s-rioters-to-justice/



August 13, 2021

Biden launches new terrorist state





Way to go Joe!  

What f’ing idiots thought that Afghanistan could stand against the Taliban after we leave without air power?

https://www.nationalreview.com/2021/08/the-day-afghanistan-died/


Number 2Taliban leader is Haqqani-known Al Qaeda leader  

Reuters November 2020  "The president{Trump) has acted appropriately in this, has never said: 'Hey, we're going to zero. Let's go tomorrow.' It has always been a conditions-based effort and that effort continues," the senior U.S. defense official said, without explicitly detailing future drawdown plans.


Pentagon Chief Says Hopes Fading for More Open Taliban Government in Afghanistan


https://www.wsj.com/articles/pentagon-chief-says-hopes-fading-for-more-open-taliban-government-in-afghanistan-11631175830?st=2o9eoo5libfl8qs&reflink=article_copyURL_share


June 6 2021 NBC News-Without the contractors' help, Afghan forces will no longer be able to keep dozens of fighter planes, cargo aircraft, U.S.-made helicopters and drones flying for more than a few more months, according to military experts and a recent Defense Department inspector general's report.

https://www.nbcnews.com/politics/national-security/without-u-s-contractors-afghan-military-will-lose-its-main-n1269686

July 24th - Forbes “The United States has said it will provide Afghanistan’s military with “over-the-horizon” air support after completing its troop withdrawal from the country. How it can do so with the significant number of potential constraints that may soon emerge, however, isn’t all that clear.” But the official, speaking after the calls with allies, suggested that Trump would not push a withdrawal faster than conditions on the ground allow.

U.S. and Afghan officials are warning of troubling levels of violence by Taliban insurgents and persistent Taliban links to al Qaeda.

WSJ Aug 14 KABUL—The Afghan gov­ern­ment out­post in Imam Sahib, a dis­trict of north­ern Kun­duz prov­ince, held out for two months af­ter be­ing sur­rounded by the Tal­iban. At first, elite com­mando units would come once a week on a re­sup­ply run. Then, these runs be­came more scarce, as did the sup­plies.

“In the last days, there was no food, no wa­ter and no weapons,” said trooper Taj Mo­ham­mad, 38. Flee­ing in one ar­mored per­son­nel car­rier and one Ford Ranger, the re­main­ing men fi­nally made a run to the rel­a­tive safety of the pro­vincial cap­i­tal, which col­lapsed weeks later. They left be­hind an­other 11 APCs to the Tal­iban.

The Afghan army re­lies heav­ily on ground air power, us­ing air­craft to re­sup­ply out­posts, strike tar­gets, ferry the wounded, and col­lect re­con­nais­sance and in­tel­li-gence.

In the wake of Pres­i­dent Biden’s with­drawal de­ci­sion, the U.S. pulled its air sup­port, in­tel­li­gence and con­trac-tors ser­vic­ing Af­ghanistan’s planes and he­li­copters. That meant the Afghan mil­i­tary sim­ply couldn’t op­er­ate any­more. The same hap­pened with an­other failed Amer­i­can ef­fort, the South Viet­namese army in the 1970s, said re­tired Lt. Gen. Daniel Bol­ger, who com­manded the U.S.-led coali­tion’s mis­sion to train Afghan forces in 2011-2013.


https://twitter.com/saeedshah/status/1425861403089453062?s=21

https://twitter.com/julianroepcke/status/1425751441629716485?s=21


Ineffectual

US President Joe Biden told Prime Minister Benjamin Netanyahu that  the US will not aid any Israeli counterattack on Iran , US media report,...