Tuesday, February 12, 2008

How to Fix the U.S. Economy? Stop Tinkering With It!

Richard W. Rahm's column in the Washington Times nails it. From creating too much easy credit to creating artificial scarcities of important commodities to over-regulation, government meddling gets it wrong all too often. It's a credit to American ingenuity and entrepreneurship that this country creates so many small businesses each year despite all of the obstacles that continue to be placed in the way.

Are there any candidates running from either major party who understand this? Doesn't seem that way, although McCain promised that he would work to make the Bush tax cuts permanent.

Monday, February 11, 2008

Thursday, February 07, 2008

Canada doesn't follow the script

"Sun Stays Sluggish as Weathermen Fight for Anti-Ice Age Funding," declares the headline in Popular Mechanics. What? Anti-Ice Age funding? I thought the global warming scam that is enriching ADM, GE and Al Gore, among many others, was enough. Now they want funding in order to study a possible Ice Age?

I think the Canadians are on to something. We've seen that a scientific examination of some of the underlying assumptions and methods used to establish a case for the so-called "Hockey Stick" reveals significant problems in the data, methods and assumptions. More honest, open, scientific study; less uniformed action, please. Certainly we can agree that the solutions we choose should contain as little corporate welfare as possible in order to be economically viable.

The earth may be warming, the adverse consequences of warming may be harmful to life, and there may be actions that man can take to address those actions. However, forcing developing nations into adoption of no-growth policies that essentially keep those countries depressed and under the thumbs of despots is no solution. Man has adapted to his environment for thousands and thousands of years. There is no question that we can do so again, and I bet that we can do so without causing poorer nations to suffer the consequences of tree-hugger angst and liberal guilt.

H/T: Instapundit.

Friday, February 01, 2008

Game On!

Super Bowl? Super Tuesday? No, in my opinion, the biggest clash that is well and truly engaged today is Google vs. a team of Microsofties and Yahoos.

Microsoft's press release contains a copy of the letter from Steve Ballmer to Yahoo's board. The letter contains this very interesting bit of news:

In February 2007, I received a letter from your Chairman indicating the view of the Yahoo! Board that “now is not the right time from the perspective of our shareholders to enter into discussions regarding an acquisition transaction.” According to that letter, the principal reason for this view was the Yahoo! Board’s confidence in the “potential upside” if management successfully executed on a reformulated strategy based on certain operational initiatives, such as Project Panama, and a significant organizational realignment. A year has gone by, and the competitive situation has not improved.

We are in for a very interesting year as this proposed merger moves ahead, and a very interesting battle of the titans if the Microsofties and Yahoos are allowed to combine forces.