December 8, 2009

IBD (As Usual) Nails It — ‘Greens’ Real Target: U.S. Economy’ (Also See Updates)

2ISSgdp1208_1091207_345The astute editorialists at Investors Business Daily have clearly laid out the true intent of the one-world government types spouting nonsense and lots of their own carbon in Copenhagen, and have compiled a nice reference graph in the process:

The 16,000 delegates to the two-week-long orgy of self-flagellation known as the Copenhagen Climate Conference want to shrink global output of CO2 not because of hard science, but out of envy.

…. What goes little commented on, however, is the reason for the vehemence of these calls for CO2 sacrifice on the part of the U.S.: a desire to take our economy down.

Having decisively lost the great debate between capitalism and socialism, the only way the global warming socialists can do this is by imposing restrictions on U.S. output in response to the ginned-up “emergency” of global warming.

The dynamics of this can be readily seen in the chart (above right). It shows that, contrary to what you might have heard, America’s share of the world economy has remained remarkably stable over 40 years. The same can’t be said for the European Union’s.

…. The Europeans now know they can’t beat the U.S. So they want us to join them in their self-inflicted decline by hamstringing our economy with expensive regulations to slash carbon output and regulate businesses to death.

In this effort, Europe has engaged the developing world as its ally. Egged on by EU elites, the so-called Group of 77 of developing countries are urging the same thing as the EU — massive taxes and wealth transfers from the developed nations (mainly the U.S.) to the Third World to alleviate the alleged impacts of global warming.

Again, the bottom of the chart tells the tale. Most of the Group of 77 are poorly run, nondemocratic countries that have routinely and almost systematically ruined their own economies through war, socialist policies, oppression of minorities and government-led despoliation of their own environment.

Their only hope — global warming welfare.

Meanwhile, China, India, Russia and other countries that still hope to grow and expand their citizens’ standards of living are just saying “no” to Copenhagen.

…. it’s important for the U.S., like China and India, to stop playing along. The science is too dubious to put America’s economy and well-being at stake.

And the “science” is worse than “dubious.” It’s totally discredited.

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UPDATE: President Obama is on the same side as those who want to take us down. Otherwise, he wouldn’t have said the following last year during the presidential campaign:

We can’t drive our SUVs, and eat whatever we want, and keep our homes at 72 all the time, whether we live in the desert or the tundra, and keep consuming 25% of the world’s resources with just 4% of the world’s population, and expect the rest of the world to say you just go ahead. We’ll be fine. That’s not leadership. That’s not going to happen.

Peter Vadum at the linked article elaborates further:

Governments and the UN fiercely cling to global warming theory because it justifies massively increased power for them, including potentially world government powers for the UN. This is why global warming theory has become a religion for the worldwide left, including environmental extremists, who see in it the potential for achieving their dream of repealing the Industrial Revolution.

And in repealing the Industrial Revolution, the most radical enviros and most prescient among them know exactly what that implies — radical, rapid, depopulation. And they don’t care; in fact, they think it would be good. See the compilation at this October link.

UPDATE 2: Someone forgot to tell the world that we’re broke. I mean really, really broke ($106.4 trillion in unfunded Social Security and Medicare liabilities). Oh, and it’s getting worse.

Lucid Links (120809, Morning)

Filed under: Lucid Links — Tom @ 9:54 am

ISM catch-up: The Institute for Supply Management’s indices on economic sentiment released last week weren’t exactly cheerful, which is why you probably didn’t hear or see much about them in the establishment press.

When ISM’s Manufacturing Index went positive in August, President ‘Prompter’s teleprompter, in a hasty insertion at the opening of an unrelated speech, prompted him to tell America that:

For the first time in 18 months, our manufacturing sector has expanded, and the statistics used to measure manufacturing output is the highest it’s been in over two years.

The misinformed, grammatically-challenged teleprompter didn’t realize that the ISM index doesn’t measure output; it measures positive or negative sentiment. That said, the index has proven a very useful barometer of what’s going on in the economy.

Well, the Manufacturing Index is still positive and showing expansion, which is any reading above 50%. That’s a good thing, but in November it dropped to 53.6%. That was down from October’s 55.7%, and trailed expectations that it would come in at 55.0%.

The news about the Non Manufacturing Index, which covers the large majority of the economy (manufacturing is only about 15%), was much more troubling. It went into contraction, with a reading of 48.7%. That was down from the previous month’s 50.6%, and ended an expansion that lasted only two months. It also trailed expectations that it would increase to 51.5%. The Employment element of that index came in with a dismal reading of 41.6%, barely nudging up from 41.1%.

The news in Non Manufacturing is consistent with what the Wall Street Journal has called the Uncertainty Economy, and what I have been calling the POR (Pelosi-Obama-Reid) Economy since the summer of 2008. We will at best meander along in mediocrity, if not worse, until the uncertainty overhang caused almost entirely by Obama administration policies and initiatives significantly dissipates.

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An e-mailer has perceptively pointed out that the whole world has its terminology wrong on alleged human-caused global warming.

It’s not “man-made,” although some humans, mostly men, have posited and tried (failing miserably thus far, it turns out) to prove its existence.

Giving discredit where discredit is due, global warming is Mann-made, so named after Michael Mann, creator of the totally debunked “hockey stick” graph. That’s right, I said totally debunked, as in completely useless rubbish.

I would add that human-caused global warming, besides being a bunch of globaloney, is really Mann-made-up.

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Betcha the bolded figure won’t make the evening news:

The Obama Administration is touting that their stimulus program has saved or created 640,329 jobs since it was enacted back in February through the end of October. This number is updated and posted on the Administration’s recovery.gov web site. That amounts to $246,436 per job based on the $157.8bn that has been awarded so far!

As noted in mid-November, the entire basis for claiming 640,000 jobs “saved or created” is bogus. The claim is NOT based on going out into the real world and counting jobs (when that occurs, it’s only about 30,000, and even that is questionable).

At the time, I referred to the administration’s job-creation/saving exercise as “tokin’ on Okun,” which is worth a revisit. Here’s a brief statement of “Okun’s Law,” named after the late economist Arthur Okun (bold is mine):

Arthur Okun is known mainly for Okun’s Law, which describes a linear relation between percentage changes in unemployment and percent changes in gross national product. It states that for every percentage point that the unemployment rate falls, real GNP (GNP is now called “GDP” — Ed.) rises by 3 percent. Okun’s Law was based on data from World War II to 1960. He cautioned that the law was good only within the range of unemployment rates—3 to 7.5 percent—experienced in that time period.

The unemployment rate has never been below 7.5% since the stimulus passed in February (it was 7.6% in January). Additionally, Okun would have more than likely excluded growth temporarily induced by programs like Cash for Clunkers from any kind of estimated GDP growth considered to be driving increases in employment. On top of all that, there’s the dissembling fudge phrase “created or saved,” a term that was never used until after Election Day 2008.

The only thing more fraudulent than the administration “jobs created or saved” exercise is the globaloney CRUd.

Positivity: Stillwater school board member finally meets firefighters that saved her life

Filed under: Positivity — Tom @ 5:57 am

From St. Paul, Minnesota:

Published: Tuesday, November 24, 2009 1:50 PM CST

“I was 33 when I died,” Natasha Fleischman said.

“I was 33. I was healthy. I ate well. I exercised. I did everything I was supposed to do.”

Fleischman was speaking at St. Peter Claver Church about a cardiac arrest that nearly killed her almost eight years ago. The Stillwater school board member has been an active heart-health advocate ever since that near-death experience. The church saw the fruit of those efforts Monday when Fleischman presented an automated external defibrillator (AED) that manufacturer Defibtech donated. For the first time ever, she also met with the St. Paul Fire Department crew that saved her.

“I’d be remembering her in the past tense were it not for the people who saved her life,” Father Kevin McDonough told the small group gathered at the church.

Fleischman’s story emphasizes the importance of AEDs. When the cardiac arrest occurred, she had just dropped off her two sons, then 3 and 6, with a babysitter and run in to the St. Paul school district office to meet with coworkers. She suddenly fell over, and no one knew whether she had choked on a carrot or had a heart attack.

One of her coworkers ran up four flights of stairs to find a colleague who knew CPR. He performed CPR on her until firefighters arrived. They had to defibrillate her heart five times to get it going again.

“(My husband) had only seen me an hour earlier, when I was bouncing out the door past him … and now I was being wheeled past him looking dead,” she said.

Fleischman, who now has defibrillator implanted near her heart, was lucky. Nationwide only about 10 percent of sudden cardiac arrest victims survive, although St. Paul’s rate is about twice that, said St. Paul Fire Chief Tim Butler. The longer the heart goes without beating, the more chance that the loss of blood flow to the brain will cause permanent damage.

“I was really very aware of the excellent job that went on there to sustain no damage to her brain,” said Mary Ann Jagodzinski, Fleischman’s mother and a retired nurse.

AEDs can increase that survival rate exponentially by shocking a person’s heart to get it working normally again. They’re like the paddle defibrillators seen in hospital dramas, but are designed to be used by ordinary people.

The user turns the machine on, sticks patches on a person’s chest as shown in a diagram and waits for the AED to read the heartbeat. The machine will then tell the person when to push a button that delivers the shock. An AED will not shock a beating heart.

The devices have increasingly been popping up in public places since high-profile deaths emphasized their importance a few years ago. St. Peter Claver Church is a particularly attractive place to put one because it has more 1,000 parishioners and is near a school, Fleischman said. It also serves as an overflow homeless shelter for two months of the year.

The site also has sentimental value for Fleischman. She still attends church there even though she lives in Lake Elmo.

“This is the church that prayed for me while I was in the hospital,” she said. ….

Go here for the rest of the story.