October 17, 2011

Monday Off-Topic (Moderated) Open Thread (101711)

Filed under: Lucid Links — Tom @ 7:30 am

Rules are here. Possible comment fodder is below. Other topics are also fair game.

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From the Mitt Romney “No Conservative Principle Left Unbetrayed” file, in an Investor’s Business Daily editorial: “On Jan. 1, 2006, Massachusetts became the first state to regulate CO2 emissions from power plants, … A Dec. 7, 2005 memo from the governor’s office announcing the new policy listed among the ‘environmental and policy experts’ providing input to the policy one “John Holdren, professor of environmental policy at Harvard University.’ This is the same person who wrote that a ‘massive campaign must be launched to restore a high-quality environment in North America and to de-develop the United States.’” More on Romney/Holdren is at Moonbattery (who got the ball rolling) and Hot Air. Original research on the frankly frightening Holdren was done two years ago by Zombie (“John Holdren, Obama’s Science Czar, says: Forced abortions and mass sterilization needed to save the planet”). As IBD writes: “Holdren’s bizarre views are best suited for an adviser to someone like, say, Pol Pot.”

Andrew Klavan at PJM on Romney: “While he may win the Republican presidential nomination by default — and while he may indeed win the presidency due to desperation — it is clear from every word he says that he understands neither the peril nor the needs of the present moment. Even his supporters seem to realize that he’s not really what is called for.”

The Associated Press celebrates as “Occupy Wall Street reaches 1-month birthday,” without having the integrity to tell its readers that it was originally christened “Day of Rage.” Doing so would be might inconvenient, especially since “Obama extends support for protesters.” Related: “Obama-Endorsed Group Sings “F*** the USA.”” Also: “‘Hang and Shoot’ Bush Administration.”

In an item at Pajamas Media which is generally about the shaky financial situation at Tesla Motors, there’s this nugget which largely answers the question, “Who put the ‘loan’ in many of the government’s loan-guarantees?”: “The loans actually are paid by the Federal Financing Bank, a bank supervised by Treasury Secretary Timothy Geithner. Geithner has doubled the size of the bank and redirected its loans from government projects like rural electrification to private sector projects like Tesla. Geithner has total control over the size and disbursements of the bank. He has no oversight.”

Meant to get to this a while ago: Now that Lizzie Warren has walked away from the chance to become the nation’s first unaccountable to anyone “consumer czar” under the must-be-repealed Dodd-Frank law to run for Senator in Massachusetts, President Obama wants to install Ohio’s own former attorney general Rich Cordray. Cordray was okay on gun rights (at least in theory), but mostly awful. The “consumer czar” position and the related agency that person would head should not exist. But Buckeye State Senator Rob Portman, an alleged Republican, appears ready to green-light Cordray. Those of us who know Portman’s record fully understand that he won’t fight for anything difficult. After all, he told the Cleveland Plain Dealer in 2008: “‘I probably am a little risk-averse compared to some members [of Congress],’ he concedes, ‘but I think a lot of that is a deliberate decision on my part that some things are worth it for my career and some things aren’t.’”

Ann Althouse: “Herman Cain nailed ‘Meet the Press.’”

At the Wall Street Journal (“Obamacare Starts to Unravel; The real story behind the Class program failure, and what to do now”) — “In a 48-page report that HHS submitted to Congress Friday, the department concedes that it is literally impossible to create any kind of long-term care program under the law’s statutory text in which revenues match expenditures. Such a plan would cost as much as $3,000 per month, which no one would ever buy.” In other words, if it’s not heavily taxpayer-subsidized, it won’t work. Fun fact:CLASS started out as a bipartisan proposal, co-sponsored (with the late Ted Kennedy) by former Ohio Republican Sen. Mike DeWine.”

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3 Comments

  1. Sweet Delusions:

    California Revenues Already Well Behind Projections, Signals Possible Automatic Budget Cuts

    http://reason.org/blog/show/ca-revenues-behind-projections

    To the surprise of no one, California’s current budget is proving to have been built on bogus numbers, particularly its overoptimistic revenue projections. The State Controller’s Office reports that revenues for the month of September came in over $300 million below projections, for a cumulative shortfall of $705.5 million for just the first three months of the fiscal year…

    …Gov. Jerry Brown’s office seemed remarkably unconcerned about the disparity. “You can’t build a trend off of one month of cash reporting,” offered Brown’s budget spokesman H.D. Palmer. But what about three months? How deep into the fiscal year and deep into debt must we get before someone at the administration raises a red flag? Moreover, as State Controller John Chiang noted in his statement, “September’s revenues alone do not guarantee that triggers will be pulled. But as the largest revenue month before December, these numbers do not paint a hopeful picture.” The state’s 12.1% unemployment rate—3% higher than the national average—does not bode well for additional tax revenues, either.

    So by the end of December, the Christmas present from the Democrats to the California taxpayers will be wrapped in red. You know, when management continually gets the numbers wrong, makes repeated excuses, blames others and generally don’t take responsibility, we label them as incompetent and fire them.

    Comment by dscott — October 17, 2011 @ 3:21 pm

  2. I am toughly confused by the CLASS thing on a number of fronts. 1) Why was it a provision in Obamacare when there is ample long-term care coverage in the private sector? In theory (probably not in practice), the government could provide insurance coverage if the private sector to will not provide it. But there is a vibrant private sector market for LTC insurance. I worked at a financial planning firm and we sold significant number of policies that were cheaply priced. 2) This answers itself, but why can’t the government provide a service that can compete with the private sector? 3) Why doesn’t the media say that there is a private market for LTC insurance and compare prices to what the government would have offered? The news articles make it seem like, now that the government is not going to provide LTC, there will be none at all.

    Comment by Rob Roll — October 17, 2011 @ 9:53 pm

  3. (this is semi-serious, because as a student you might get away with it) Why don’t you make an appointment to see AG Mike DeWine who co-sponsored the original CLASS and find out? If not, you can try (emphasis try) to understand the logic by looking up Sebelius at Huffington Post, who actually put up a column there on Friday. I think it also links to the cover letter sent to Congress and ultimately to the long “sorry this won’t work” report.

    Comment by TBlumer — October 17, 2011 @ 10:13 pm

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