Archive for the ‘The World’ Category

Why Stimulus Fails to Achieve What Its Proponents Promise, As Explained by Two Nobel Prize Winners’ Economic Theories

May 14, 15

Firstly, because not all people are stupid, short-sighted suckers.

Milton Friedman, winner of the 1976 Nobel Memorial Prize in Economic Sciences, proposed the Permanent Income Hypothesis that basically says: People won’t spend more just because they get a one-off, one-time boost (e.g. Stimulus), but only if they foresee a long-term increment (e.g. permanent tax cuts).

Secondly, because not all people are stupid, short-sighted suckers (wow, is that a trend or something?).

Thomas Sargent, one of the two winners of the 2011 Nobel Memorial Prize in Economic Sciences, proposed the Rational Expectations Theory that basically says: Don’t expect people to react to your attempted (economic) manipulation like robots with no free will or personalities. Especially if you are trying the same old tricks yet again! Fool me once…

Hence, when politicians and their pet economists (or is it the other way around?) assume they can just open the fiscal spigot and the teeming masses will fall in line with perfect obedience to their hubristic theories, it doesn’t turn out the way they expected. Stimulus does not automatically equate to an improved economy.

And reality bears the above out, to the massive detriment of Americans for 7 years running.

Christians Should Be Libertarians – Supporting Passages & Arguments

November 21, 14

A flip side argument from my long ago post A Short Pondering: Should a Christian Leader Impose Laws Based on Christian Standards?, as I’ve become more Libertarian in outlook.

Yes, Christians have a duty to warn those headed towards eternal doom off their wrong path (and in fact, it is a responsibility to do so, whereby a Christian’s neglect is a punishable offence in God’s eyes).

But should Christians in politics or power enact laws to enforce ‘moral’ behaviour? Apart from the fact that forcing behaviour on people automatically excludes moral actions out of their own free will, I feel that Christians should support a minimum of individual, group and government interference into the lives of people (that do not negatively affect other people).

Here’s a few reasons why:


What good will it be for someone to gain the whole world, yet forfeit their soul? Or what can anyone give in exchange for their soul? – Matthew 16:26

Quick question: Would any of us condone coercing or tricking unbelievers into converting to Christianity? You know, like what the Islamic State thugs are doing in the Levant – ‘convert to Islam or die’?

Of course not, as apart from the fact that we believe only true repentance and conversion of one’s own free will count before God’s eyes, we simply don’t do that sort of thing (anymore, a polemic would be quick to add).

So if we won’t force the unsaved to believe in Jesus in order to save their very souls, then why force them to save their health or wealth or anything else on this mortal plane? After all, as Jesus says in the passage above, what is more valuable and precious than one’s soul? It is eternal and immutable, whereas earthly possessions will be left on earth, and the body will fade away into dust.

If we consider it immoral to coerce people into ‘saving’ their own eternal souls by law or threat, then what justification do we have for coercing them to avoid sweet or fatty food for the sake of their brief-by-comparison health? (If you answered ‘So they don’t burden the national healthcare system with their eventual health problems’ then that’s just another good argument against socialized healthcare.)

(Some caveats apply of course, e.g. preventing people from carrying out decisions made under non-neutral circumstances like suicide when in depression, driving when drunk, signing binding agreements without full information & understanding, etc.)


“I have the right to do anything,” you say—but not everything is beneficial. “I have the right to do anything”—but I will not be mastered by anything. – 1st Corinthian 6:12

This passage basically summarizes the Christian approach to ‘religious law’. Namely, we do not have long lists of detailed and binding legal minutiae accompanied by specific punishments like some other religions. (Caveat again, there are a few instances in the New Testament of proscribed behaviour and recommendations for action.)

Rather than specific letters of the law, we are given general guidelines in the spirit of the law – love God, love thy neighbor, seek righteousness on a personal and public basis. Non-adherence to these precepts brings about divine retribution rather than human punishment. (Caveat yet again – this is of course not including earthly punishments as prescribed by the laws set by human governments.)

What each of us does therefore should be with an eye on whether or not doing it is of benefit and in accordance with the precepts given by God.

ROMANS 13:10

Love does no harm to a neighbor. Therefore love is the fulfillment of the law.

Nuff said!

College Liberal Meme – Fave Picks Pt 4

November 23, 13

Due the large number, the images are split between 4 posts.

#001 – #250 and the intro are here.

#251 – #500 are here.

#501 – #750 are here.

#751 – #900+ are below.


College Liberal Meme – Fave Picks Pt 3

November 23, 13

Due the large number, the images are split between 4 posts.

#001 – #250 and the intro are here.

#251 – #500 are here.

#501 – #750 are below.

#751 – #900+ are here.


College Liberal Meme – Fave Picks Pt 2

November 23, 13

Due the large number, the images are split between 4 posts.

#001 – #250 and the intro are here.

#251 – #500 are below.

#501 – #750 are here.

#751 – #900+ are here.


College Liberal Meme – Fave Picks

November 23, 13

Via Know Your Meme, Quickmeme and Meme Generator.

See also collected other memes:
Super Strict Success Asian Mom and Dad Meme Lols
RPG Motivational Posters
Demotivators – Depressing Anti-Motivational Posters

Or heck, just straight to My Obsessive-Compulsive List of My Obsessive-Compulsive Lists.

Due the large number, the images are split between 4 posts.

#001 – #250 are below.

#251 – #500 are here.

#501 – #750 are here.

#751 – #900+ are here.

Be warned, 200+ images below the break! (All are jpg expect the 2nd and 4th ones.)

See also collected other memes: Super Strict Success Asian Mom and Dad Meme Lols


3 Minutes to Prove Yourself Smarter (or at Least More Hardworking and Duly Diligent) Than Matt Yglesias

August 1, 13

Via AoSHQ, Twitchy revealed Matt Yglesias @mattyglesias saying that tax rates do not affect pricing.

His logic goes thusly:

No. Taxes are paid on profits not sales. It’s irrelevant to pricing. – @mattyglesias

I had to stop and think it over. With pen and paper and a calculator.

It took all of 3 minutes to compare the following:


Joe and Jane both sell the same widgets.

Widget cost is $1 a piece.

For inexplicable political reasons, Joe is taxed 15% (on nett profits, not sales as Matt Yglesias correctly states) while poor Jane is taxed 20%.

If Jane sells each widget at $3 a piece, she will have after-tax take-home money of (3.00 – 1.00) x (100% – 20%) = $1.60 a piece.

Whereas Joe can undercut her by selling widgets at $2.90 a piece, and he will have after-tax take-home money of (2.90 – 1.00) x (100% – 15%) = $1.615 a piece… More than Jane gets even though he sells cheaper!


Three minutes to prove that different tax rates can incentivize different pricing.

So which is it, is Matt Yglesias too lazy or too blinkered to do one measly page of basic high school maths?



Obama in 2017 – The Only Job Left That’s A Step-Up from President

November 30, 12

So barring an overhaul of the legislation to allow a third term as President, Obama will be all packed to leave the White House by January 2017. Where to from there? What remains to be achieved by the most powerful man in the world, the head of the richest, only superpower among the nations?

It’s been said by some that there is no higher position left to attain. This is it, and anything else represents a step down for Obama.

Actually, I believe there is one step up left.

Say hello to U.N. Secretary General Barack Hussein Obama.

It makes perfect sense, doesn’t it? He was always less of the Leader of the USA, and more of the Healer-Messiah Ascended Guide of The World. Even as practically half of America rejected him in 2012, he’s still wildly popular in the rest of the world that doesn’t actually have to live under his domestic policies (Pakistan, Iran and anywhere else his Kill Drones are circling not included of course).

He’s especially beloved in Europe – that debt-sunken, chronically unemployed, high-gas priced, green energy failing territory he’s trying to make the USA emulate. It was a bunch of Euroweenies who voted him his Nobel Peace Prize remember.

It fits his temperament perfectly – a few mediations here, a few high-society cocktail receptions there, a lot of empty platitudes to world peace and the universal brotherhood of humanity with very little actually getting accomplished.

Plus, heading the carbon-cappy UN gels perfectly with his intentions to slow the rise of the oceans and redistribute the wealth of the imperialist First World that deserves to be punished for their historic wrongs against the rest of the world.

So be warned, Americans – just because Obama doesn’t stick around as Diktator for Life, doesn’t mean he can’t find other ways to mess up America!

Dow Jones Celebrates Obama’s Second Term Pretty Much the Same Way it Did His First Term

November 9, 12

By binge drinking their sorrows away:

Dow drops in post-election sell-off

NEW YORK — Wall Street greeted a second Obama term the way it greeted the first.

Investors dumped stocks Wednesday in the sharpest sell-off of the year. With the election only hours behind them, they focused on big problems ahead in Washington and across the Atlantic Ocean.

Frantic selling recalled the days after Obama’s first victory, as the financial crisis raged and stocks spiraled downward.

It was the worst day for stocks this year, but not the worst after an election. That distinction belongs to 2008, when Barack Obama was elected at the depths of the financial crisis. The Dow fell 486 points the next day.

Tipped by wits0, via FireAndreaMitchell: 45 companies announce layoff plans in 48 hours following Obama’s ‘victory’.

From MSN Money:


Yep, credit must go to Obama… The allergic reaction to his second term is nowhere near as bad as it was to his first term:

Plus plenty more at the link, stretching up to 2 weeks (and 1628 points down) from his first Election win.

See also related:

Obama’s Economic Successes: A Roundup – Dozens of graphs showing just why the markets don’t trust Obama

Obama, Please Stop Talking Sh*t:

Obama Stop Talking Sh*t

Four Years On, Stock Market Still Allergic to Obama

Obama Speaketh, Stock Market Crasheth:

Dow Jones Surges After 2011 GOP Debate

American Stock Exchange ‘Celebrates’ Obama With Record CRASHES – Repeatedly!

Why Obama Will Lose November 2012

October 23, 12

UPDATE 6 NOVEMBER 2012: The title of this post changed posthumously to ‘Why Obama Should Have Lost November 2012’.


So here is the laundry list of why I firmly believe Obama is headed out the door come Election 2012.

JOB JOBS JOBS – it’s still the economy stupid! Romney is 12 points ahead on the economy. Here’s a few dozen graphs and videos proving that Obama’s 4 years not only failed to restore the economy, but instead made it WORSE! And from the many, these few in particular are very telling about the election:

one key economic data component has been quite good at predicting presidential elections, and that is consumer confidence. If the consumer confidence index is at 100 or higher, then the incumbent party is likely to win. If not, then the opposition party wins

The table above shows that consumer confidence levels correctly predicted the outcome in 9 of the past 11 presidential elections… The near-perfect predictive power of the consumer confidence index essentially says that at the time of voting, the single most important issue comes down to the economy. As James Carville once said, “it’s the economy, stupid!” Forget the tough talks on terrorism or the flowery talks of hope; voters are rewarding or punishing the incumbent on the economy.

– Polls have Obama barely ahead, tied or even behind by a whole bunch – Romney is ahead by 12 on the economy, 10 on national security, and 8 on job creation and energy policy! And remember, pre-election polls always slant towards the Democrat.

– Romney is on track to win the popular vote:

But the one scenario that political scientists deem virtually impossible is one where undecideds who have declined to support the incumbent all year suddenly break heavily in favor of him. For most of the remaining undecideds, the choice is between voting for the challenger and staying home… it’s also relatively rare for a candidate to win the popular vote and lose the Electoral College

– And personally Obama is being viewed more and more as unlikeable.

– No incumbent has won since 1930 when tied before the election eve! Romney is now actually running ahead of previous challengers.

– Debate one was the turning point where people realized Romney is a viable challenger, not some monster as caricatured by the liberal media – my coverage and outtakes here. In one night, Romney undid months and millions that Obama spent caricaturing him.

– Further debates solidified that positive perception, with more and more voters inclined for Romney and fewer for Obama. Romney managed the third debate by keeping cool and confident as he wooed voters and portrayed likeability while Obama snarked and combated. Tipped by wits0, the debates boosted Romney’s favorability:

– Obama’s firewall of formerly unassailable states is crumbling fast!

– Obamacare – it’s always been massively unpopular. Now that it’s been upheld – and declared a massive tax! – Romney benefits from the wave of support to repeal the hated law.

Operation Fast & Furious and the invoking of executive privilege.

– The Bengazhi consulate massacre, and now CIA head David Petraeus is pointing the finger at Obama and a retired admiral is criticizing the cowardly nonaction.

– The preference cascade. The more people start admitting they are disappointed by Obama and won’t support him this time around, the more others are encouraged to reveal their true feelings because it’s suddenly ‘acceptable’ to. This can lead to an avalanche where there didn’t seem to be even a snowflake before. Further explanation about this phenomenon at here.

– Liberal media – which was in lockstep with him in 2008 now openly dissenting.

– Demo-rats fleeing the sinking ship as they sense impending defeat.

– Other formerly staunch supporters are ditching him in droves, narrow appeal.

– His 2008 crowd is unenthusedDems 10 times more unenthused than GOP (tipped by wits0).

– Whereas GOP supporters are much more fired up than in 2008 – in fact, it’s at an all time high!

– Further to that, Pew finds that 76% of GOP likely to vote, vs 62% Dem.

Empty stadium – even at just 51 bucks a seat. Obama can’t even fill 5000 people. Meanwhile, thousands had to be turned away from Romney rally that can fit ten thousand.

– Two days to go, and Romney’s rally draws 30,000 against Obama’s 4,000! Photo tipped by wits0:

– Bain is a huge plus, not a minus, for Romney.

– Romney is a Mormon which still rubs many Evangelicals and Protestants the wrong way – but Obama sent him their support by default thanks to his abortion and gay marriage stances.

– The most recent national polls from four pollsters — Gallup, Monmouth University, Fox News and the Pew Research Center — all show Romney winning the white vote by more than 20 points. And he is favored by Independents by 19 points! That’s something no GOP presidential candidate has done since Reagan’s landslide 1984 reelection win!

– And guess who said that independents are what matters? Why, none other than Nate Silver…

– Swing voters have hugely unfavorable views of Obama. Meanwhile, Romney’s favorability keeps improving – especially among Independents. He’s also closed the gap with women and with affluent suburbs – more than any Republican in 20 years.

– Whoever wins the Independents also usually wins the important Ohio state.

– All this swing voter support comes into play for the Electoral College… No toss ups has the vote solidly in Obama’s hands:

…But factoring in the swing states has it a very much closer race, with only a 10-vote gap and 146 swing votes up for grabs to the most favored candidate:

Above two screenshots as at 30 October 2012, one week to the election. For instance, Ohio almost always outperforms the national average in support for the Republican.

– Michael Barone at The Examiner goes state by state and comes up with Romney 315, Obama 223.

– Meanwhile, the pro-Democrat Washington Post has moved Ohio from ‘Lean Obama’ to Toss Up. Pennsylvania and its 20 votes is in play.

– And Romney is outspending Obama in all states, to the tune of $30 million.

– And Romney is ahead by 1-2 points in Iowa according to multiple pollsters.

Ahead by 1 point in Wisconsin.

Liberal, democrat papers are endorsing Romney. Add the Florida Sun SentineL flipping to him:

We believe Romney’s past performance is a predictor of his future behavior. He’s proven himself to be a successful businessman. He rescued the 2002 Winter Olympics from scandal and mismanagement. He worked with a Democrat-dominated legislature as governor of Massachusetts to close a $3 billion budget deficit — without borrowing and raising taxes.

And the almost 100%-endorse-the-Democrat, Des Moines register:

Our discussion repeatedly circled back to the nation’s single most important challenge: pulling the economy out of the doldrums, getting more Americans back in the workforce in meaningful jobs with promising futures, and getting the federal government on a track to balance the budget in a bipartisan manner that the country demands.

Which candidate could forge the compromises in Congress to achieve these goals? When the question is framed in those terms, Mitt Romney emerges the stronger candidate.

The former governor and business executive has a strong record of achievement in both the private and the public sectors. He was an accomplished governor in a liberal state. He founded and ran a successful business that turned around failing companies. He successfully managed the 2002 Winter Olympics in Salt Lake City.

Romney has made rebuilding the economy his No. 1 campaign priority — and rightly so.

As well as the other three leading Iowa newspapers… Did I say three? Make it the other FIVE biggest papers.

– And Chicago’s second biggest paper, The Daily Herald. As well as one of the largest and most influential New Hampshire papers, the Nashua Telegraph which flips to Romney..=

…What was that about a preference cascade? List of endorsements for each side here, and Romney clearly outnumbers Obama. This matters because newspapers are a proxy for their readers.

– Ouch, the Las Vegas Review Journal – the largest daily circulation paper in Nevada doesn’t spare the flames for Obama on Benghazi, the economy and energy!

– Speaking of Benghazi… Obama revealed refusing to call it a terrorist attack on national news.

– The Wisconsin Journal joins 29 other papers in flipping to Romney – versus just 3 that flipped to Obama.

– Early voter polls seem to lean heavily for Obama, but this is actually likely due to respondents lying to look good. UPDATE: Indeed, early voting now favors Romney.

– Obama is cannibalizing Ohio early voters who would have voted for him anyway come Election Day, while Romney has focused of getting low-propensity voters in addition to likely Election Day voters. Obama counties voter turnout are down while Bush/McCain counties are up.

– Ohio early voting is seeing a 270,000 vote swing towards Romney

– Romney has cut Obama’s early voter advantage in Iowa by 75%.

– Republicans outperform Democrats in Pennsylvania absentee ballots, 55% against 36%.

– Renowned war correspondent Michael Yon anti-endorses Obama:

And there he was. Our new President. I determined to support him until he proved unworthy. Almost four years later, many people have snapped out of the trance, and that includes many non-Americans here in Asia. Obama’s magic wand has been broken over the knee of reality.

I cannot speak about the economy, education or healthcare, but I can speak about Afghanistan. Obama cannot be faulted that Afghanistan is stone-aged, or that our military strategy was wrecked when he took office. It was. The bus was in a ditch. Obama showed up with a wrecker, promising to yank it out. Today the wrecker is in the ditch atop the bus.

Our young troops are something to be proud of, and if you saw them in action you would be amazed at their courage and professionalism. The mess we shoved them into is a national shame. We provided about half the troops required for the stated strategy, then began pulling them out against a domestic political deadline that has nothing to do with the war. The surge has been a complete waste of effort.

– Lots of graphs and analysis of past data and current trends, from Dem vs GOP voter turnout, party crossover votes, Independents, the 2010 elections, nonWhite voters all point to a Romney win.

– A list of tweets via here.

– Big names including a Las Vegas odds maker predict a Romney win.

– Karl Rove lists several of the above as his reasons why he thinks Romney will win.

– On why Intrade players and Obama supporters refuse to believe that he will lose.

– Tipped by wits0: 500 high ranking military figures endorse Romney, including top generals and Pentagon brass!

– Obama could lose from 13% to 16% of supporters – who could also double the blow by voting for Romney!

Ace lays out his condensed reasons here… Especially on how it is absurd to expect LARGER Democrat turnout than in 2008 or 2010! I mean, CNN gets a 49-49 tie with D+11 – that is, with an eleven point advantage in turnout, Obama still only manages a tie! Especially when Republican affiliation advantage keeps growing.

– While back in reality, for the first time IN HISTORY, Republicans outnumber Democrats on election day according to two major polling firms!

– Less serious… The Redskin Rule favors Romney.

The Complete List of Barack Obama’s Scandals, Misdeeds, Crimes and Blunders here!

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