Archive for the ‘politics’ Category

Allies and enemies

Tuesday, March 16th, 2010

You will observe that Obama regime is full of noisy outrage that Israel is building housing in Jerusalem, most of which will be occupied by Jews, as Israel has been doing for the past forty years, ever since it seized the rest of Jerusalem and announced that all of Jerusalem, Jerusalem undivided, was the eternal and indivisible capital of the nation of Israel.

Compare and contrast with Obama’s “quiet diplomacy” on the Iran’s nuclear program.  Continuing to build housing in all of Jerusalem, is, it seems, worse than developing nuclear weapons. (more…)

socialist medicine

Saturday, February 27th, 2010

Hot air reviews an interesting report from Britain.

Patients were left unwashed in their own filth for up to a month as nurses ignored their requests to use the toilet or change their sheets;

Wards were left filthy with blood, discarded needles and used dressings …

…  Food and drink were left out of reach, forcing patients to drink water from flower vases. …

The problem is that those would provide socialist medicine for the indigent, want to provide it for the middle class.  (more…)

Microsoft the good guys

Friday, February 26th, 2010

Google is evil in that they spy on users, and that they censor their services, and politically cook their search results.  Microsoft’s Bing has not yet been detected cooking their search results

Microsoft reports to law enforcement to what extent they spy on users, the report was leaked, and the interesting fact is that they log less than anyone else.  They only log the last ten logins, and when you delete emails from a hotmail account, they really are deleted from Microsoft’s servers – unlike Google mail on Google servers.

Affirmative action and the mortgage crisis

Sunday, February 14th, 2010

Four hundred firemen died attempting to rescue people on 9/11.  Not one “firefighter” died, for women do not fight fires.  It is not in their physique, nor their psychological nature to do so.

Obama and his wife are typical affirmative action blacks.  Michelle’s Princeton thesis is a whine about racial prejudice and is full of spelling and grammatical errors.   Obama got a degree from Columbia without even showing up.  Obama can read from a teleprompter very nicely – except when he runs into a long sentence.  Similarly, most blacks can sing and dance and play the guitar better than most whites.  But Obama never delivers a speech ex tempore or from brief notes, unlike Palin, while Palin never pauses at inappropriate points in the middle of reading a long sentence from a teleprompter, unlike Obama.

The collateralized debt obligations underlying the present crisis were structured into tranches so that the highest rated tranches could not go bad if the payer merely missed a few payments.  What caused the crisis is that on very large numbers of the underlying mortgages, no one made a single payment.  When we compare the default rate in a lily white suburb or exurb, with the default rate in a suburb or exurb where the majority are members of protected minority groups, we see the default rate in the protected minority suburb is twenty to sixty times higher, telling us why so many mortgages have never received a single mortgage payment

The brilliance of Sarah Palin

Friday, February 12th, 2010

First they ignore you, then they laugh at you, then they attack you, then you win.
We have been noticing a lot more attacks on Sarah Palin lately. The latest concedes she is brilliant. (more…)

How left is Obama?

Monday, January 25th, 2010

Obama was surrounded by the lunatic death-to-Americans left, his friends and social circle all come from those crazies, which led to widespread suspicion he was and is one of them – that he is a crazed commie nazi muslim who seeks to destroy America and reduce Americans to poverty and slavery.  Birds of a feather flock together.  On the other hand, a lot of people believe he is a moderate centrist.

He is now surrounded by the pillars of the Harvard Goldman Wall Street establishment, leavened with a fair few death-to-Americans crazies whom he helicoptered into top positions, but invariably positions where their actual ability to bring death to Americans is rather limited, which positions have been resentfully described by their demented denizens as “policy Siberia”, a disappointed complaint that implies they see Obama as really the moderate centrist, rather than really the crazed commie nazi muslim.

Those who think that Obama is lunatic left think that Bush was a left winger, and those who think that Obama is centrist think that Bush was far right, so there is evidently broad agreement that Obama policies are not all that different from Bush’s policies.

Bush’s big spending becomes much bigger spending, Bush’s heavy handed regulation becomes regulation considerably more heavy handed and much more hostile to business.  Bush’s disastrous affirmative action has not much changed, foreign war becomes foreign war with somewhat more cringing before our enemies – the bowing is uniquely Obama, but the Hasan debacle was unchanged Bush policy. Politically correct warfare in Afghanistan has become even more politically correct warfare in Afghanistan.

Politicians always tend towards compromise, and politically correct warfare is a compromise between making war and making peace, but of course, such a compromise is unviable – it was unviable for Bush, and even less viable for Obama.  You either have to annihilate the enemy with ruthless disregard for the women and children, or else cut and run.  There is no middle road.  The Bush disease has infected west point, which now upholds the politically correct position that slaying our enemies is so last century, a transformation that represents a victory for the State Department over the Pentagon.

If one considers these Bush policies to be left wing, as I do, then Obama’s policies are lunatic left, his crazy pals hanging out in “policy Siberia” are looming threat of cataclysm, and the fact that he is surrounded by pillars of the Harvard Goldman Wall Street establishment just shows how corrupt, decadent, incompetent, and out of touch with reality our establishment has become.

To synthesize these conflicting views of Obama, it is necessary to realize he is just not very bright.  People overestimate Obama’s intelligence, because he presents as one of the Harvard elite, which he culturally belongs to.  Therefore, he sincerely believes progressivism is moderate, humane, centrist, and good for America, and the swift implementation of these policies will make himself and democrats popular, while his brighter fellow believers (seething bitterly in policy Siberia) believe that Americans are evil sinners, and deserve to suffer progressivism every bit.

Obama delusively believes himself fairly moderate, but fears that if he was entirely frank, others would not see him so.

Obama lashes out at the innocent to protect the guilty

Saturday, January 23rd, 2010

Immediately after losing a senate seat to a Republican populist, Obama the next day proceeded to go populist.  He, is, he tells us, going to punish those unregulated wall street fat cats who caused the crisis.

He is going to tax the banks, and restrict proprietary trading by banks.  But proprietary trading had little to do with the crisis.

All the things that caused the crisis are still going:  the continuing misbehavior of Fannie, Freddie, and the FHA, the continuing regulatory pressure on banks to lower credit standards for non Asian minorities, and the continuing government created opportunity for banks to unload dud mortgages on the taxpayer.

Past private misbehavior was facilitated by the hedge fund activities of  too-big-to-fail AIG selling naked CDSs, and too-big-to-be-defaulted-on Goldman and Sach, purchasing naked CDSs.  These activities enabled banks to unload the dud politically correct loans that they made.

The misbehavior of AIG and Goldman was downstream of the center of the problem ? banks made dud loans, and then unloaded them thanks to the hedge fund activities of too-big-to-fail businesses, primarily AIG.  The problem was that the government wanted, and still wants, banks to make dud loans, and will do whatever it takes to get them to make dud loans.  When too-big-to-fail hedge funds ceased to facilitate dud loans, this was a crisis, which crisis the government has swiftly acted to remedy.

Today banks get to unload their dud loans directly on the government. The taxpayer is “stabilizing” the market for unwanted mortgages, which is a huge off the books housing subsidy to minorities, irresponsible borrowers, irresponsible lenders, and bums with no credit rating.

Precisely because AIG and Goldman have stopped their bad conduct, bad conduct that the government needed and wanted, government stepped in, and is now doing exactly the stuff that AIG and Goldman were doing.

The lesser hedge funds did the right thing throughout, and the smaller they were, the more right they were – naturally so, because if a smaller hedge fund screws up, no one bails them out.

The one populist intervention against fat cats that would be both effectual and popular is a special tax or special restrictions on businesses that are too big to fail, and this one populist and popular intervention is not proposed, and is highly unlikely.

Mencius and Kling agree

Saturday, January 16th, 2010

Mencius Moldbug has long argued, in an exceedingly long winded fashion, that we live in a theocracy.  The priesthood teach that the state deserves authority, the schools teach the official religion, and the state funds the schools and the priesthood.

Now Arnold Kling gives the same analysis, calling it market failure, rather than theocracy

Suppose that we have a group that wants enormous political power. The group rewards people who justify its power by calling them “experts.” It punishes those who question its power by dismissing them as “hacks.” If you want money and status, you want to be labeled as an expert. In order to be labeled as an expert, you produce analysis that justifies concentrated political power for the elite group.

This process is self-reinforcing. It is like the Harvard-Goldman filter. That filter says that only “reliable” people are allowed to be bank CEO’s or policymakers. A requirement for being “reliable” is sharing the views of other “reliable” people as to what constitutes reliability.

It is like the tenure system in academia. Who gets tenure? Above all, it is people who support the existing tenure system

Mencius’s proposed cure for this problem is a “strong” sensible state, where “strong” means something very like fascist, or despotic. However, strong states have a poor record for sanity.  Power tends to isolate the possessor from reality.

Another solution for this problem, something that Kling would probably find more congenial, is Mencius’s “antiuniversity”

After all, the previous theocracy bit the dust thanks to protestantism and the reformation, which held one could do religion without a hierarchy. If religion can be done without a hierarchy, so can science.  The priesthood is the most vulnerable part of a theocracy.

Google still evil

Friday, January 15th, 2010

Despite an announcement that it has stopped censoring in China, google.com.cn still censored

Correction: A commentor points out that if we search for Tiananmen+Square+massacre instead of just Tiananmen+Square, we get uncensored results. Nonetheless, there is something smelly about that page rank.

Also, google continues to censor right here:  Type “Christianity is” into the search box, and it will drop down the following suggestions

  • wrong
  • a lie
  • bullshit
  • not a religion
  • a cult
  • a joke

Type “Islam is” and see what you get.

Google’s free blogging service yanks politically incorrect blogs, and while its search engine found Climategate web pages, Google participated in the blackout by censoring its suggestion box and counts.  Search results are not obviously censored, but everything else is.

What the Tea Party stands for

Wednesday, January 13th, 2010

There is a risk that the Tea Party movement is  sufficiently vague and unspecific to enable everyone to read into what they want, so that people with fundamentally irreconcilable views believe they’re part of the same movement, which is a good way to get people into power so that they can start scooping up some of the gravy, and a bad way to accomplish any political objective.

The original Tea Party was a violent eruption against British Mercantilism.  They threw legal tea on which tax had been paid by a privileged monopoly into the harbor, thus ensuring that everyone used illegal smuggled tea, thus ensuring that everyone resisted big government allied with big business.

Today, we see Obama’s big government alarmingly cozy with big business, both the too big to fail bailouts, and a health care program that pays off every special interest except the voters.  The Tea Partiers are pissed with this.  Like the original Tea Party, they support capitalism, but oppose big capitalists who are in bed with the government, they oppose Wall Street financiers who bet big because winnings are privatized and losses are socialized.

The country is run by a bunch of very smart people, who look down on the ignorant masses from their private jets.   There are some smart people among the Tea Parties, but not a lot.  The difference, however, between the smart people among the Tea Parties, and the smart people flying at forty thousand feet, is that the smart people among the tea partiers know that the smarter you are, the easier it is to make things more complicated than you can handle.

This is a classic problem in programming, the cause of many project disasters run by very smart people, and a classic problem in government, the cause of many economic disasters run by government experts.

As Hayek explained, the more government intervention you get, the harder it is to intervene correctly, the more there will be unintended consequences, the more complicated intervention gets.  And as Hayek also explained, the less those intervening understand what they are doing, the more arrogant they will become, the more smugly confident of their ability to manage the unmanageable, the more confident they become that they comprehend the incomprehensible. Krugman is a classic and extreme example of this smug blindness.

The economy is dominated by a mass of government interventions far more complex than the tax code.  This was a disaster waiting to happen.  Now it has happened.  The tea partiers understand this, some because they are very smart people who read their Hayek, most because they are not so smart but read their bibles.  The very smart elite flying at forty thousand feet in their private jets do not understand it.