The big tent
Although, as a libertarian conservative, I have some fairly extreme views on the importance of free speech and minimum government, I extend great tolerance towards people whom I partly disagree with. I doubt that I have ever written anything critical of a fellow conservative or libertarian. Many conservatives, for instance, regard Christianity as central to conservatism and I certainly do not. I nonetheless always write supportively of Christians.
Factionalism is however very common on the Left -- witness the icepick in the head that Trotsky got courtesy of Stalin. Very few of the old Bolsheviks lived for long after the revolution, in fact. And Lenin was just as bad as Stalin. In a 1920 pamphlet you find a contempt for some of his fellow Leftists that is probably greater than anything he ever wrote about the Tsar. It is in describing his fellow revolutionaries (Kautsky and others) that Lenin spoke swingeingly of "the full depth of their stupidity, pedantry, baseness and betrayal of working-class interests".
But Leftism is founded on hate and I think we conservatives should be able to rise above that. And I think we mostly do. The concept of the big tent has long been basic to GOP strategy. I actually think the tent could be broader than it is, even. I myself am certainly outside the tent because I sometimes mention certain psychometric facts about race. Given the Leftist dominance of public discourse, however, I can well understand why I am outside the tent under those circumstances. Conservatives do have to bow down to the Left in many ways if they are to get any hearing at all.
Currying favour with the Left is however in my view contemptible and that seems to me to be the motivation of many RINOs. Though whether Arlen Specter ever had any convictions about anything at all is in my view questionable. I was appalled when GWB endorsed him.
But currying favour with the Left now seems to have seeped into the blogosphere. Charles Johnson of LGF seems to think that he can win favour if he balances his criticisms of Islam with condemnations of other critics of Islam -- such as the heroic Geert Wilders -- as "Fascist". He is particularly critical of the small and desperate band of Europeans who criticize Islam and he regularly quotes unbalanced European Leftist attacks on them. He is really quite pathetic and one conservative of European origin has recently told him that at length.
Being my big-tent self, however, I wonder if CJ's problem may be more benign than at first appears. Maybe he just doesn't understand European conservatism. I barely understand it myself. It is certainly different from conservatism as we know it in the Anglosphere. From what I have seen of the European Right, it is much more in favour of a powerful State, largely Catholic and and more antisemitic. Jacques Chirac was after all a conservative in French terms. What the European Right seems to have in common with Anglo-Saxon conservatism seems mainly to be a high degree of realism, which leads in turn to a rejection of revolutionary change and a respect for private property and what has worked in the past.
And if a failure to comprehend that difference is CJ's problem he is not alone. It confuses other American bloggers too. "Rusty" of The Jawa Report also finds Fascist tendencies in Geert Wilders. Jewish Odysseus however has replied to Rusty and supplied some of the necessary perspective and Rusty has updated his post in what largely amounts to a backdown.
The problem for Americans is that Wilders believes in free speech in general but opposes free speech for Muslims. He rightly says that the Koran is worse than Mein Kampf in what it says and wants it banned. Jewish Odysseus rightly points out however that if you had suffered the immense harm and suffering that Nazism inflicted on Europe (including Germany itself), you would want Nazism banned too -- and it is therefore consistent to want a ban on a present-day ideology that is just as dangerous as Nazism.
And the essence of conservatism is that it is not rigid and doctinaire. It is always ready to make compromises with the realities of its day. In that it differs from libertarianism, which has rules that libertarians believe to be universal and immutable. And I am a conservative rather than a libertarian in this matter even though I am pretty fanatical about free speech. I even believe that a man who shouts "Fire!" in a crowded theatre is to be commended (any libertarian can tell you why). But I nonetheless recognize that all rules have exceptions and it gives me little heartburn (though I disagree with it) that Europeans want to ban all expressions of Nazism and related ideologies. The big problem is getting them to acknowledge that Islam and Nazism are related ideologies.
So I hope that CJ is not just pandering to the Left for the sake of popularity and approval but is in fact genuinely caught in a misunderstanding of European conservatism. Tolerance of difference would become him.
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BrookesNews Update
Will a tidal wave of red ink sink the American economy?: Obama and his economics advisors — all of whom are Keynesians — are concocting a witches' brew that will wreak havoc with the economy if not countered. Unfortunately there is no way of stopping it. At the moment America is basically one-party state under the Democrats and they are enthusiastically supported by a viciously corrupt media
The Australian economy tanks while our 'free marketeers' flounder: The Australian economy is in recession and manufacturing continues to contract. And all that our so-called free marketeers can do is throw bricks at Rudd. These are the same people who failed to predict the recession, failed to grasp its cause and failed dismally to defend free market principles against its critics
Obama's historical illiteracy is a grave danger to national security: Decades years of 'progressive' ideology has left in its wake the insidious belief that capitalist societies do not deserve to survive — especially the America, the greatest capitalist nation of all. This odious belief is shared by the Democrats' leftwing and America’s treasonous media whose outrageous political bigotry and ingrained mendacity is becoming more and more self-evident by the day
Legally non-binding resolutions and Israel's existence : People's political views are based predominantly on their emotional attachments to their personal upbringing and life experiences and have almost nothing to do with the facts of history, be it ancient or modern, and legality of the issues. And this is certainly the case with Israel
'I told you so!' Obama's a card carrying Muslim! You will see!: We are. As promised, having a great change. We are no longer Judeo-Christian country; our leader is now chasing and pandering to our greatest foe — Islam. It was lovely how he became the first president to criticize America on foreign soil. But worse of all, our 'brother is in the White House is apologizing to the world for who we are because he wants us to change — but to what?
Dems using 'hate crimes' legislation to abolish the Fourteenth Amendment: The Democrats' attacks on the Constitution are relentless. They are now targeting the 14th amendment as well as the 1st amendment. The entire push for federal 'hate crimes' legislation is rooted in fraud
America's Red Sea: a flood of debt and taxes : Obama is driving America into a Marianas Trench of red ink. Cap-and-tax will also clobber manufacturing and heavy-industry jobs. Twenty states get 60-98 per cent of their electricity from coal. They form our manufacturing heartland, and every increase in energy prices will result in more businesses laying off workers. This destructive policy would utterly devastate American industry. And our corrupt mainstream media call this guy smart
The President's Audacity of Hope is that labor unions control the workplace: The First Amendment of the United States Constitution protects the right of association. The Democratic Administration is working to destroy this protection in order to strengthen unionocracy and ensure an even greater flow of funds to the Democrats
Obama's Blame America First mindset: The 62 million Americans who didn't vote for Obama believe, based on history, that kowtowing to dictators is interpreted as a sign of weakness. They believe, based on reality, that all the carrots in the world will not change the minds of enemies dedicated to America's downfall
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ELSEWHERE
British government "charity" fraud: "Staff at a government-backed fund supposed to help some of the poorest people in the world have been awarded £65m in bonuses – equivalent to an annual £350,000 per employee. The bonuses have largely come from investments intended to tackle poverty in the developing world. The fund was part of the Department for International Development (DFID) until it was part-privatised in 2004. Charity workers say the government has allowed the fund, Actis, to skew Britain’s priorities overseas in its pursuit of high returns by depriving poor rural communities of investment. Actis manages funds for DFID’s investment body, CDC, tasked with reducing poverty, and has been praised for its success. But it has been awarding staff bonuses of up to £3m out of investments built up over years in developing countries. Average pay for employees in 2007 was on a par with those at Goldman Sachs, the US investment bank. “This is a travesty of CDC’s original mandate,” said John Hilary, head of the charity War on Want. “The bonuses at Actis simply do not square with the job of poverty reduction.”
Britain urged to slash 20% off public spending: "Savage cuts in public spending of more than £130 billion will be needed to solve the growing budget crisis, Tony Blair’s former chief policy adviser claims today. Writing in The Sunday Times, David Halpern, a former senior aide at No 10, says that Britain needs to follow the example of 1990s Canada, which slashed expenditure by 20% to combat a similarly severe deficit. Halpern warns that modest “efficiency gains” being proposed by both Labour and the Conservatives “just don’t deliver what is needed”. In order to control Britain’s £175 billion budget deficit, he argues that government needs to be “reinvented” and some basic services may need to be axed altogether".
Britain ends tank production after 93 years - and future models will have GERMAN guns: "They have fought alongside British soldiers for generations, playing heroic roles on historic battlefields such as the Somme, Cambrai and El Alamein. They have carried famous names such as Centurion, Churchill, Cromwell and Crusader. But now, nearly a century after inventing the first armoured warhorse - to storm through German lines in the First World War - Britain is to stop building its own tanks. BAe Systems, which makes the Army's Challenger 2 tanks, revealed it was closing its tank-making operation at Newcastle-upon-Tyne. It is also shutting its armour business at Telford in Shropshire and at other locations because it sees no prospect of new Government orders. The closures could result in 500 job losses and means the Army is likely to go into battle in future with tanks using German guns and Swedish chassis. The last squadron of British Challengers began returning to the UK from Iraq this weekend, with little chance of them being sent to Afghanistan because of the difficult terrain there. Defence Secretary John Hutton has declared 'a rebalancing of investment in technology, equipment and people to meet the challenge of irregular warfare'. He said he planned to strengthen and enlarge Special Forces but gave no hint of even a medium-weight tank in the Army's future." [A British Challenger tank above]
There is a new lot of postings by Chris Brand just up -- on his usual vastly "incorrect" themes of race, genes, IQ etc.
For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena
List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here
****************************
The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)
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Monday, May 04, 2009
Sunday, May 03, 2009
The Obama effect: Have blacks in general suddenly become smarter?
The NYT said so last January and the academic study upon which that claim is based has recently become available online. So I suppose I should say a few words about the absurdity. The first thing to notice is that everybody else seems to think it is an absurdity too. They don't put it as bluntly as I do, though. What they say is "This finding will have to be repeated by others before we take it seriously" -- or words to that effect. And the reason why they say that is that Left-leaning social scientists have been labouring mightily for many decades at the task of getting black intellectual achievement up to white levels. And nothing that they try works. So to say that the election of Obama has suddenly closed that pesky gap is improbable to say the least.
I don't have access to the full academic article but what I see in the abstract immediately reminds me of "the dog that didn't bark" in the delightful Sherlock Holmes story The Silver Blaze. The research involved giving the same group of people the same test four times. Now that immediately puts into the mind of any psychometrician "The practice effect" and so one would expect some mention of how that problem was dealt with. But there is no such mention. When you give the same test to the same people on two different occasions, you find, for various reasons, that they get higher scores the second time around. That is the practice effect. And to give the same test to the same people not twice but four times sets all the alarm bells about the practice effect ringing.
So there are two ways in which the final (post-Obama-election) results reported could simply be an artifact (product) of the practice effect: 1) Everybody had got so good at the test by then that hardly anybody got anything wrong -- thus equalizing the scores for blacks and whites; 2). Maybe blacks worked harder than whites at figuring out where they went wrong on the first couple of occasions and for that reason alone got their scores up to white levels eventually.
The only way those two possibilities could be precluded would have been for the authors to use not the same test four times but four parallel forms of the same test, and there is no mention of that. Parallel forms have to be very carefully constructed to ensure that they DO give the same scores for the same people and that is so onerous that I have never seen more than two forms of any test made available.
So the entire study would seem to be methodologically naive and incapable of supporting its conclusions.
I might mention that the entire study is the latest variation in the absurd "stereotype threat" literature. The stereotype threat theory says that blacks do badly at tests because they think blacks do badly at tests. The initial "proof" of the theory arose from a study wherein psychologists made some black test-takers especially aware of their blackness while others did not have their blackness mentioned. The more aware blacks got worse results. But the unaware blacks still scored the usual amount below whites. So it showed, rather clearly, that awareness of blackness was NOT the cause of the black/white gap -- as the unaware blacks still did badly. Awareness of blackness can WORSEN black performance but unawareness cannot IMPROVE black performance. But to this day the theory is believed by most academics who refer to it. They still assert that awareness of being black is why blacks do badly. There are many other absurdities in the theory, one of which is that it seems to apply only to blacks and not to all minorities, but anybody who wants to look at the matter in detail should read here, here, here, here, here and here.
REFERENCE: David M. Marx, Sei Jin Kob and Ray A. Friedman (2009) "The “Obama Effect”: How a salient role model reduces race-based performance differences". Journal of Experimental Social Psychology, Article in Press.
************************
The Thatcher legacy 30 years later
Thirty years on from Margaret Thatcher becoming Prime Minister, it is being suggested that we have come to the end of the Thatcher era. Don't believe it. Iron does not rust that easily.
There have been reversals of the direction that she set, with the partial nationalisation of banks and the increase in the higher rate of tax to 50 per cent. But the former is first aid to a tottering banking system rather than an ideologically motivated return to public ownership. The Government clearly wants out as soon as possible, recognising that it knows even less about banking than bankers, difficult as that is. We will not see Clause 4 exhumed.
The bonus classes largely have themselves to thank for the 50 per cent tax rate. Their excess made them an irresistible target. But the higher rate won't raise significant extra revenue. What it will do is deter effort, so Britain will lose out in tax competition with our market rivals, making it harder to restore the City's leading position in financial markets. The higher rate will have to be rolled back before long by whichever party is in government to avoid jeopardising economic recovery.
I don't see either of these measures - regrettable as they are - as a definitive rejection of Thatcherism. The real story is not that the Thatcher era is over but that it continues unabated. Nineteen years after she left office, no successor government has deliberately undone or reversed any of the main changes she brought about. Nor have they come up with anything better. The “Thatcher settlement” remains largely intact.
The best test of this is to imagine where Britain would be had her successors reverted to the political trajectory charted by both parties until 1979. It would be a case of hello there, Zimbabwe, can we join you? Serious as our present problems are, we would be in a very much worse state were it not for the strong foundations that Margaret Thatcher built.
She was asked some years ago what she had changed in Britain and replied “everything”. That is pretty well true, the exceptions being Parliament - to which she was too indulgent - the Armed Forces and the Post Office. Nationalised industries were privatised, tax rates dramatically lowered to encourage initiative and entrepreneurship, trade unions curbed, council housing sold to its tenants, the size of the Civil Service reduced and several of its functions hived off to executive agencies, the City opened up to competition, the professions compelled to adapt. I could go on and on, to quote a phrase. She also embarked on serious reform of education and the NHS but left them too late to complete in her term.
Her great and unusual strength as leader of the Conservative Party was natural empathy with the basic instincts of the electorate. The instincts may not necessarily be admired by Guardian readers or the politically correct, but they are none the worse for that. She understood that owning your own home, spending more of what you earn rather than have the Government spend it for you, dislike of the nanny state, support for our Armed Forces, independence from bossy Brussels and the aspiration to a middle-class lifestyle were not ambitions to sneer at but to be fulfilled. Platitudes about listening government are beside the point: she simply shared the instincts.
The only moment when this empathy deserted her was over the poll tax. Intellectually the case was strong, and benefited many of “her” people. But it loaded costs on an even greater number of “her” people, which they refused to accept.
She was and remains scornful of conventional wisdom. Just because something has always been so in the past does not mean that it has to be so in the future. It made her healthily sceptical of much of the expert advice with which all prime ministers are flooded in an attempt to drown their political instincts. The best known example was the 364 economists who opposed her early Budget. I suspect that John Maynard Keynes would be getting short shrift if she were Prime Minister today.
The other secrets of her success are clear thinking, careful preparation, extraordinary energy and, above all, willpower. The energy was truly remarkable. She viewed holidays with distaste, as an unwelcome interruption in the tempo of work. She punctuated them with eager telephone calls to No10 seeking an excuse for an early return as soon as the obligatory photograph on a beach with Denis and a borrowed dog had been snapped.
I was asked recently how she would cope with the test of being awakened by a 3am telephone call announcing some disaster - which Hillary Clinton implied President Obama would flunk - and was able to say with certainty that it would not be a problem. The chances are she would be up and about at 3am anyway.
Whether this perpetuum mobile was the best way to run a government is something for historians and psychiatrists to argue over. But it was embedded in her character from early on as illustrated by the passage in her memoirs recording schoolgirl holidays occupied with “PT exercises in the public gardens [of Skegness]... rather than sitting around day-dreaming”.
Her ability to focus remorselessly on the task in hand was another strength. She has never been inclined to see two sides to any question or work for consensus because that would imply doubt and indecision. She believed in backing her judgment and was reinforced in that when the electorate backed her three times. Yes, she knew how to be pragmatic and when to retreat, making smoke. But the ratio of pragmatism to steely resolve was lower than in any government before or since.
Not everything in the garden was lovely. There were victims, though far outnumbered by beneficiaries. And the egregious bonus culture has taken some of the moral shine off Thatcherism. But overall the changes she made to Britain have given us more than two decades of unprecedented prosperity. They saw Britain reinstalled as the world's fourth- largest economy, losing our reputation as the sick man of Europe and taken seriously again as a leading world power.
The new generation of Conservatives who will be called on to cart away the rubble from new Labour's implosion will inherit stronger fundamentals than Margaret Thatcher herself was bequeathed in 1979. They will need years of discipline and thrift in public spending to overcome the consequences of the Government's reckless expansion of borrowing and the untrammelled growth of the public sector.
They must also maintain Britain's defence strength. A defence review is certainly needed, and a radical one at that. But the ability to field forces in distant conflicts and deploy an effective nuclear deterrent is what makes the US take us seriously and leverages our influence globally. That will be more not less important as China and India play a greater world role and as more nuclear weapons states emerge. For conservatives, defence must surely be a sacred trust. Most of all they will need to acknowledge the continued relevance of Margaret Thatcher's agenda and achievements, and recapture the momentum of change that Thatcherism created.
The legacy of someone who killed off socialism in Britain, changed the face of the country and rescued us from being a nation in retreat is the best inheritance that an incoming Conservative government will have.
SOURCE
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ELSEWHERE
British police respond to capitalistic incentives too: "There was a big fall in the number of speed-camera penalties after police and local authorities lost the right to keep the proceeds. The drop came in the same year that road deaths fell to their lowest level since records began, undermining claims that an increase in cameras improves road safety. In 2007, 1.26 million fixed penalties were issued — down 370,000, or 23 per cent, on the previous year. Over the same period, road deaths fell below 3,000 for the first time, down 226 to 2,946. Until April 1, 2007, camera partnerships operated by police and local authorities were allowed to keep a proportion of fines to pay for more cameras. Since then, they have received a fixed amount for all aspects of road safety. The drop in fines suggests that police chiefs decided to put fewer resources into speed enforcement when they stopped being able to recover the costs of installing and operating cameras. Many camera housings are being left empty and some forces have reduced their use of camera vans".
Yuk! Britain gets an angry feminist as a poet laureate: "Duffy, 53, who has been an advocate of women’s rights ever since she was shocked by sexism on the poetry —circuit in the 1970s, told The Times that she felt deeply that the post should go to a woman. She favoured Jackie Kay, her former partner, or Alice Oswald. “I have a sense of humility because there are so many poets who should take this role. To have refused it would have been a bit cowardly. She said that she hoped to be a controversial figure, a role that she fulfilled last year when one of her poems, Education for Leisure, was pulled from the GCSE curriculum because examiners feared that it promoted knife crime. Duffy responded with a reply in verse that pointed out the quantity of knife usage in Shakespeare’s plays. Duffy was considered a frontrunner for the post ten years ago but lost out amid rumours that senior politicians had reservations about how the popular press would respond to the appointment of a lesbian."
Fawlty Towers not dead: "At a recent “excellence awards” ceremony organised to celebrate the very best in domestic hotels and visitor attractions by Enjoy England — the English tourist board — the great and the good of hospitality were in a hopeful mood. “Boom times” lay ahead for holidays in these isles. Tough economic conditions meant that fewer people would be flying abroad. Airport security queues and higher flight taxes would put off travellers heading for the skies, tourism board grandees predicted. It all seemed win-win. But then one official dared to strike a note of discord. “This is going to be the year of the complaint,” he whispered. “Hotels and attractions have been making staff cutbacks. And you’ve got the Poles going home of their own accord.” Many places are unlikely to cope in the busy summer, he said. The expected swarms of tourists from Europe taking advantage of the weak pound will only add to the bustle. John Cleese, playing the hapless hotel owner Basil Fawlty, once declared: “A satisfied customer — we should have him stuffed!” How many British hoteliers will be saying the same by the end of August? We’ll just have to wait and see".
Traffic lights a hindrance or a help?: "What would happen if traffic lights were suddenly switched off? Would there be gridlock or would the queues of frustrated drivers miraculously disappear? People in London are about to find out the answer in Britain’s first test of the theory that removing lights will cure congestion. For six months, lights at up to seven junctions in Ealing will be concealed by bags and drivers will be left to negotiate their way across by establishing eye contact with pedestrians and other motorists. Ealing Council believes that, far from improving the flow of traffic, lights cause delays and may even increase road danger. Drivers race towards green lights to make it across before they turn red. Confidence that they have right of way lulls them into a false sense of security, meaning that they fail to anticipate hazards coming from the side. The council hopes that drivers will learn to co-operate, crossing junctions on a first-come first-served basis rather than obeying robotic signals that have no sense of where people are waiting. Ealing found evidence to support its theory when the lights failed one day at a busy junction and traffic flowed better than before." [There have been similar reports from South Africa and Holland]
Swine flu hype fading: "Scientists are coming to the conclusion that the new strain of swine flu that has killed at least ten people around the world may actually be less dangerous than the average annual flu season. The World Health Organisation is expected to move quickly to designate a full pandemic - at level 6 of its 6-point scale - within days to reflect the continuing spread of swine flu among people who have not been to Mexico, including in Europe. But, though some people have died, the most common complaint from sufferers infected with the virus has been diarrhoea - and, despite the hype, the rate of infection appears to be more of a trickle than a deluge. This morning the World Health Organisation said on its website that as of 6am GMT, swine flu had infected 331 people in 11 countries, killing ten of them. Other estimates of the infections and deaths are higher - for instance Mexico says up to 176 people have died there and the authorities have confirmed 12 deaths. However, despite the variations, the numbers are still relatively small - and they don't seem to be multiplying"
Federal prosecution of pro-Israel Jews dropped: "The Justice Department Friday ended the high-profile prosecution of two former pro-Israel lobbyists suspected of having sought and distributed classified information involving Iran and Iraq — a decision that could strengthen the rights of reporters, lobbyists and social activists to obtain and publicize government secrets. The decision to drop the case against Steven J. Rosen and Keith Weissman, who were dismissed by the American Israel Public Affairs Committee (AIPAC) in 2005, was anticipated for several months. It came after the Justice Department lost a series of pretrial rulings on the classification of the evidence it wanted to bring to court and on the bar the prosecution would have to meet... The two purportedly talked to a reporter and an Israeli diplomat about policy options toward Iran then under review by the Bush administration and about threats to Israelis in Iraqi Kurdistan. While the counts fall under the 1917 Espionage Act, the prosecution explicitly stated that the two former AIPAC officials were not considered agents of a foreign power. The case aroused considerable controversy in Washington because of the Israel lobby's high profile and the fact that Mr. Rosen and Mr. Weissman were the first private citizens prosecuted under the Espionage Act for mishandling classified information obtained through conversation. The precedent, if upheld, could have made much national-security journalism and foreign-policy lobbying a federal crime".
For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena
List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here
****************************
The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)
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The NYT said so last January and the academic study upon which that claim is based has recently become available online. So I suppose I should say a few words about the absurdity. The first thing to notice is that everybody else seems to think it is an absurdity too. They don't put it as bluntly as I do, though. What they say is "This finding will have to be repeated by others before we take it seriously" -- or words to that effect. And the reason why they say that is that Left-leaning social scientists have been labouring mightily for many decades at the task of getting black intellectual achievement up to white levels. And nothing that they try works. So to say that the election of Obama has suddenly closed that pesky gap is improbable to say the least.
I don't have access to the full academic article but what I see in the abstract immediately reminds me of "the dog that didn't bark" in the delightful Sherlock Holmes story The Silver Blaze. The research involved giving the same group of people the same test four times. Now that immediately puts into the mind of any psychometrician "The practice effect" and so one would expect some mention of how that problem was dealt with. But there is no such mention. When you give the same test to the same people on two different occasions, you find, for various reasons, that they get higher scores the second time around. That is the practice effect. And to give the same test to the same people not twice but four times sets all the alarm bells about the practice effect ringing.
So there are two ways in which the final (post-Obama-election) results reported could simply be an artifact (product) of the practice effect: 1) Everybody had got so good at the test by then that hardly anybody got anything wrong -- thus equalizing the scores for blacks and whites; 2). Maybe blacks worked harder than whites at figuring out where they went wrong on the first couple of occasions and for that reason alone got their scores up to white levels eventually.
The only way those two possibilities could be precluded would have been for the authors to use not the same test four times but four parallel forms of the same test, and there is no mention of that. Parallel forms have to be very carefully constructed to ensure that they DO give the same scores for the same people and that is so onerous that I have never seen more than two forms of any test made available.
So the entire study would seem to be methodologically naive and incapable of supporting its conclusions.
I might mention that the entire study is the latest variation in the absurd "stereotype threat" literature. The stereotype threat theory says that blacks do badly at tests because they think blacks do badly at tests. The initial "proof" of the theory arose from a study wherein psychologists made some black test-takers especially aware of their blackness while others did not have their blackness mentioned. The more aware blacks got worse results. But the unaware blacks still scored the usual amount below whites. So it showed, rather clearly, that awareness of blackness was NOT the cause of the black/white gap -- as the unaware blacks still did badly. Awareness of blackness can WORSEN black performance but unawareness cannot IMPROVE black performance. But to this day the theory is believed by most academics who refer to it. They still assert that awareness of being black is why blacks do badly. There are many other absurdities in the theory, one of which is that it seems to apply only to blacks and not to all minorities, but anybody who wants to look at the matter in detail should read here, here, here, here, here and here.
REFERENCE: David M. Marx, Sei Jin Kob and Ray A. Friedman (2009) "The “Obama Effect”: How a salient role model reduces race-based performance differences". Journal of Experimental Social Psychology, Article in Press.
************************
The Thatcher legacy 30 years later
Thirty years on from Margaret Thatcher becoming Prime Minister, it is being suggested that we have come to the end of the Thatcher era. Don't believe it. Iron does not rust that easily.
There have been reversals of the direction that she set, with the partial nationalisation of banks and the increase in the higher rate of tax to 50 per cent. But the former is first aid to a tottering banking system rather than an ideologically motivated return to public ownership. The Government clearly wants out as soon as possible, recognising that it knows even less about banking than bankers, difficult as that is. We will not see Clause 4 exhumed.
The bonus classes largely have themselves to thank for the 50 per cent tax rate. Their excess made them an irresistible target. But the higher rate won't raise significant extra revenue. What it will do is deter effort, so Britain will lose out in tax competition with our market rivals, making it harder to restore the City's leading position in financial markets. The higher rate will have to be rolled back before long by whichever party is in government to avoid jeopardising economic recovery.
I don't see either of these measures - regrettable as they are - as a definitive rejection of Thatcherism. The real story is not that the Thatcher era is over but that it continues unabated. Nineteen years after she left office, no successor government has deliberately undone or reversed any of the main changes she brought about. Nor have they come up with anything better. The “Thatcher settlement” remains largely intact.
The best test of this is to imagine where Britain would be had her successors reverted to the political trajectory charted by both parties until 1979. It would be a case of hello there, Zimbabwe, can we join you? Serious as our present problems are, we would be in a very much worse state were it not for the strong foundations that Margaret Thatcher built.
She was asked some years ago what she had changed in Britain and replied “everything”. That is pretty well true, the exceptions being Parliament - to which she was too indulgent - the Armed Forces and the Post Office. Nationalised industries were privatised, tax rates dramatically lowered to encourage initiative and entrepreneurship, trade unions curbed, council housing sold to its tenants, the size of the Civil Service reduced and several of its functions hived off to executive agencies, the City opened up to competition, the professions compelled to adapt. I could go on and on, to quote a phrase. She also embarked on serious reform of education and the NHS but left them too late to complete in her term.
Her great and unusual strength as leader of the Conservative Party was natural empathy with the basic instincts of the electorate. The instincts may not necessarily be admired by Guardian readers or the politically correct, but they are none the worse for that. She understood that owning your own home, spending more of what you earn rather than have the Government spend it for you, dislike of the nanny state, support for our Armed Forces, independence from bossy Brussels and the aspiration to a middle-class lifestyle were not ambitions to sneer at but to be fulfilled. Platitudes about listening government are beside the point: she simply shared the instincts.
The only moment when this empathy deserted her was over the poll tax. Intellectually the case was strong, and benefited many of “her” people. But it loaded costs on an even greater number of “her” people, which they refused to accept.
She was and remains scornful of conventional wisdom. Just because something has always been so in the past does not mean that it has to be so in the future. It made her healthily sceptical of much of the expert advice with which all prime ministers are flooded in an attempt to drown their political instincts. The best known example was the 364 economists who opposed her early Budget. I suspect that John Maynard Keynes would be getting short shrift if she were Prime Minister today.
The other secrets of her success are clear thinking, careful preparation, extraordinary energy and, above all, willpower. The energy was truly remarkable. She viewed holidays with distaste, as an unwelcome interruption in the tempo of work. She punctuated them with eager telephone calls to No10 seeking an excuse for an early return as soon as the obligatory photograph on a beach with Denis and a borrowed dog had been snapped.
I was asked recently how she would cope with the test of being awakened by a 3am telephone call announcing some disaster - which Hillary Clinton implied President Obama would flunk - and was able to say with certainty that it would not be a problem. The chances are she would be up and about at 3am anyway.
Whether this perpetuum mobile was the best way to run a government is something for historians and psychiatrists to argue over. But it was embedded in her character from early on as illustrated by the passage in her memoirs recording schoolgirl holidays occupied with “PT exercises in the public gardens [of Skegness]... rather than sitting around day-dreaming”.
Her ability to focus remorselessly on the task in hand was another strength. She has never been inclined to see two sides to any question or work for consensus because that would imply doubt and indecision. She believed in backing her judgment and was reinforced in that when the electorate backed her three times. Yes, she knew how to be pragmatic and when to retreat, making smoke. But the ratio of pragmatism to steely resolve was lower than in any government before or since.
Not everything in the garden was lovely. There were victims, though far outnumbered by beneficiaries. And the egregious bonus culture has taken some of the moral shine off Thatcherism. But overall the changes she made to Britain have given us more than two decades of unprecedented prosperity. They saw Britain reinstalled as the world's fourth- largest economy, losing our reputation as the sick man of Europe and taken seriously again as a leading world power.
The new generation of Conservatives who will be called on to cart away the rubble from new Labour's implosion will inherit stronger fundamentals than Margaret Thatcher herself was bequeathed in 1979. They will need years of discipline and thrift in public spending to overcome the consequences of the Government's reckless expansion of borrowing and the untrammelled growth of the public sector.
They must also maintain Britain's defence strength. A defence review is certainly needed, and a radical one at that. But the ability to field forces in distant conflicts and deploy an effective nuclear deterrent is what makes the US take us seriously and leverages our influence globally. That will be more not less important as China and India play a greater world role and as more nuclear weapons states emerge. For conservatives, defence must surely be a sacred trust. Most of all they will need to acknowledge the continued relevance of Margaret Thatcher's agenda and achievements, and recapture the momentum of change that Thatcherism created.
The legacy of someone who killed off socialism in Britain, changed the face of the country and rescued us from being a nation in retreat is the best inheritance that an incoming Conservative government will have.
SOURCE
********************
ELSEWHERE
British police respond to capitalistic incentives too: "There was a big fall in the number of speed-camera penalties after police and local authorities lost the right to keep the proceeds. The drop came in the same year that road deaths fell to their lowest level since records began, undermining claims that an increase in cameras improves road safety. In 2007, 1.26 million fixed penalties were issued — down 370,000, or 23 per cent, on the previous year. Over the same period, road deaths fell below 3,000 for the first time, down 226 to 2,946. Until April 1, 2007, camera partnerships operated by police and local authorities were allowed to keep a proportion of fines to pay for more cameras. Since then, they have received a fixed amount for all aspects of road safety. The drop in fines suggests that police chiefs decided to put fewer resources into speed enforcement when they stopped being able to recover the costs of installing and operating cameras. Many camera housings are being left empty and some forces have reduced their use of camera vans".
Yuk! Britain gets an angry feminist as a poet laureate: "Duffy, 53, who has been an advocate of women’s rights ever since she was shocked by sexism on the poetry —circuit in the 1970s, told The Times that she felt deeply that the post should go to a woman. She favoured Jackie Kay, her former partner, or Alice Oswald. “I have a sense of humility because there are so many poets who should take this role. To have refused it would have been a bit cowardly. She said that she hoped to be a controversial figure, a role that she fulfilled last year when one of her poems, Education for Leisure, was pulled from the GCSE curriculum because examiners feared that it promoted knife crime. Duffy responded with a reply in verse that pointed out the quantity of knife usage in Shakespeare’s plays. Duffy was considered a frontrunner for the post ten years ago but lost out amid rumours that senior politicians had reservations about how the popular press would respond to the appointment of a lesbian."
Fawlty Towers not dead: "At a recent “excellence awards” ceremony organised to celebrate the very best in domestic hotels and visitor attractions by Enjoy England — the English tourist board — the great and the good of hospitality were in a hopeful mood. “Boom times” lay ahead for holidays in these isles. Tough economic conditions meant that fewer people would be flying abroad. Airport security queues and higher flight taxes would put off travellers heading for the skies, tourism board grandees predicted. It all seemed win-win. But then one official dared to strike a note of discord. “This is going to be the year of the complaint,” he whispered. “Hotels and attractions have been making staff cutbacks. And you’ve got the Poles going home of their own accord.” Many places are unlikely to cope in the busy summer, he said. The expected swarms of tourists from Europe taking advantage of the weak pound will only add to the bustle. John Cleese, playing the hapless hotel owner Basil Fawlty, once declared: “A satisfied customer — we should have him stuffed!” How many British hoteliers will be saying the same by the end of August? We’ll just have to wait and see".
Traffic lights a hindrance or a help?: "What would happen if traffic lights were suddenly switched off? Would there be gridlock or would the queues of frustrated drivers miraculously disappear? People in London are about to find out the answer in Britain’s first test of the theory that removing lights will cure congestion. For six months, lights at up to seven junctions in Ealing will be concealed by bags and drivers will be left to negotiate their way across by establishing eye contact with pedestrians and other motorists. Ealing Council believes that, far from improving the flow of traffic, lights cause delays and may even increase road danger. Drivers race towards green lights to make it across before they turn red. Confidence that they have right of way lulls them into a false sense of security, meaning that they fail to anticipate hazards coming from the side. The council hopes that drivers will learn to co-operate, crossing junctions on a first-come first-served basis rather than obeying robotic signals that have no sense of where people are waiting. Ealing found evidence to support its theory when the lights failed one day at a busy junction and traffic flowed better than before." [There have been similar reports from South Africa and Holland]
Swine flu hype fading: "Scientists are coming to the conclusion that the new strain of swine flu that has killed at least ten people around the world may actually be less dangerous than the average annual flu season. The World Health Organisation is expected to move quickly to designate a full pandemic - at level 6 of its 6-point scale - within days to reflect the continuing spread of swine flu among people who have not been to Mexico, including in Europe. But, though some people have died, the most common complaint from sufferers infected with the virus has been diarrhoea - and, despite the hype, the rate of infection appears to be more of a trickle than a deluge. This morning the World Health Organisation said on its website that as of 6am GMT, swine flu had infected 331 people in 11 countries, killing ten of them. Other estimates of the infections and deaths are higher - for instance Mexico says up to 176 people have died there and the authorities have confirmed 12 deaths. However, despite the variations, the numbers are still relatively small - and they don't seem to be multiplying"
Federal prosecution of pro-Israel Jews dropped: "The Justice Department Friday ended the high-profile prosecution of two former pro-Israel lobbyists suspected of having sought and distributed classified information involving Iran and Iraq — a decision that could strengthen the rights of reporters, lobbyists and social activists to obtain and publicize government secrets. The decision to drop the case against Steven J. Rosen and Keith Weissman, who were dismissed by the American Israel Public Affairs Committee (AIPAC) in 2005, was anticipated for several months. It came after the Justice Department lost a series of pretrial rulings on the classification of the evidence it wanted to bring to court and on the bar the prosecution would have to meet... The two purportedly talked to a reporter and an Israeli diplomat about policy options toward Iran then under review by the Bush administration and about threats to Israelis in Iraqi Kurdistan. While the counts fall under the 1917 Espionage Act, the prosecution explicitly stated that the two former AIPAC officials were not considered agents of a foreign power. The case aroused considerable controversy in Washington because of the Israel lobby's high profile and the fact that Mr. Rosen and Mr. Weissman were the first private citizens prosecuted under the Espionage Act for mishandling classified information obtained through conversation. The precedent, if upheld, could have made much national-security journalism and foreign-policy lobbying a federal crime".
For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena
List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here
****************************
The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)
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Saturday, May 02, 2009
People with higher IQs make wiser economic choices, study finds
Funnily enough. Nice to see yet another proof of some very old generalizations, though
People with higher measures of cognitive ability are more likely to make good choices in several different types of economic decisions, according to a new study with researchers from the University of Minnesota's Twin Cities and Morris campuses. The study, set to be published online in the Proceedings of the National Academy of Sciences this week, was conducted with 1,000 trainee truck drivers at Schneider National, Inc., an American motor carrier employing 20,000. The researchers measured the trainees' cognitive skills and asked them to make choices in several economic experiments, and then followed them on the job.
People with better cognitive skills, in particular higher IQ, were more willing to take calculated risks and to save their money and made more consistent choices. They were also more likely to be cooperative in a strategic situation, and exhibited higher "social awareness" in that they more accurately forecasted others' behavior.
The researchers also tracked how trainees persevered on their new job. The company paid for the training of those who stayed a year, but those who left early owed thousands in training costs. The study found that those with the highest level of cognitive ability stayed at twice the rate of those with the lowest.
The finding that individual characteristics that improve economic success -- patience, risk taking and effective social behavior -- all cluster together and are linked through cognitive skill, which could have implications for policy making and education. [Psychometricians have been saying that for over 100 years]
"These results could shed light on the causes of differential economic success among individuals and among nations," said University of Minnesota-Twin Cities economist Aldo Rustichini, a co-author whose theoretical work on cognitive skills is used in the paper. [Charles Murray and Richard Lynn have been pointing that out for years]
"It also suggests that the benefit from early childhood education programs not only affects cognitive skills, but extends to more effective economic decision-making," said study co-author Stephen Burks, the University of Minnesota-Morris economist who organized the project that gathered the data. [Rubbish! Childhood education intervention programs have NO lasting effect on IQ. Burks should look at the data and stop "suggesting"]
SOURCE
*************************
Cramdown Slamdown
Three cheers for obstructionism
The power of a united minority was on beneficial display yesterday, as Senate Republicans defeated the budget bankruptcy "cramdown" bill. Credit goes to Arizona's Jon Kyl and Minority Leader Mitch McConnell, who kept their party together to beat destructive legislation that had easily passed the House and was one of President Obama's housing priorities.
The cramdown would have allowed bankruptcy judges to rewrite contracts to reduce the amount that people owe on their mortgages. But a bipartisan majority understood that relief for today's troubled borrowers would be paid with higher rates on the next generation of homeowners, as lenders priced the added risk into mortgage contracts.
A dozen Democrats joined Republicans in the 51-45 vote, and even Pennsylvania turncoat Arlen Specter gave his former GOP comrades an assist. Speaking for millions of renters and nondelinquent borrowers, Mr. McConnell said that the vote "ensures that homeowners who pay their bills and follow the rules won't see an interest-rate hike at the whim of a bankruptcy judge."
Prior to the vote, the Associated Press described the looming defeat as "the first major legislative setback for the popular president." Illinois Senator Dick Durbin and New York's Chuck Schumer also did their worst to pass the bill, including some arm-twisting of politically vulnerable bankers. Their defeat is a victory for healthy credit markets and, let us hope, a sign that Americans do not want to throw out all the rules of our market economy.
The victory is also an example of Republicans helping the economy and thus saving Democrats from their own worst instincts. Liberals were so intent on helping troubled homeowners that they were willing to punish the profits of the very banks they say they want to lend more to new mortgage borrowers. May we have more such virtuous "obstructionism."
SOURCE
*********************
Chrysler: Obama trying to rip off private lenders and hand their money to the UAW
As April 30 approached, the Treasury Department stepped in with a heavy jack-boot. The bondholders – people who have extended loans to Chrysler in good faith – were told to accept 33 cents on the dollar, and to be happy about it. A group of these bondholders refused. They rightly saw that to accept so little was tantamount to having their pockets picked. And, to rub salt in the wounds, the government that is supposed to uphold the law and protect citizens was on the side of the muggers, helping them steal nearly $5 billion.
Make no mistake about it, this is theft. $5 billion is being taken by force from the private sector and funneled into union pension funds and other leftist devices. Private citizens gave Chrysler loans. The government is now telling these citizens to take a huge loss. When they refuse, the President of the United States publicly rebukes, ridicules, and attacks them.
Why isn’t Obama attacking the thugs at the UAW who bear a large part of the responsibility for the company’s financial mess? The primary reason the government did not allow Chrysler to go into Bankruptcy Court was purely to keep those pension and health plans in force. A Bankruptcy Court would have put the claims of the bondholders first and made the UAW accept less. Now, with the force of the government dictating the terms, the exact opposite is about to occur. Yes, the Red Queen is on her head.
The entire financial crisis has more twists and turns than a romp along the Skyline Drive. And, the American people are justifiably angry at Wall Street for their excess and cavalier attitude. But that anger is not an excuse for allowing the government of the United States to become a thief, to imitate the worst actions of a Hugo Chavez and other Third World dictators. Unfortunately, that seems to be the course Obama has set out upon.
So, to that small band of bondholders who refused to buckle under the pressure of Obama’s threats, good for you. Stay strong and resist the demands to be patsies for a government regime that is moving ever closer to the corrupt, thuggish Third World model it seems to admire so much. Whether Americans know it or not, we all win if you win.
More HERE
***************************
ELSEWHERE
Rasmussen poll: Republicans Top Democrats on Generic Congressional Ballot: "For just the second time in more than five years of daily or weekly tracking, Republicans now lead Democrats in the latest edition of the Generic Congressional Ballot. A new Rasmussen Reports national telephone survey found that 41% would vote for their district’s Republican candidate while 38% would choose the Democrat. Thirty-one percent (31%) of conservative Democrats said they would vote for their district’s Republican candidate. Overall, the GOP gained two points this week, while the Democrats lost a point in support. Still, it’s important to note that the GOP’s improved position comes primarily from falling Democratic support. Democrats are currently at their lowest level of support in the past year while Republicans are at the high water mark".
Reign of Paranoia: "In case you missed the headline, we are all going to die. Swine Flu has engulfed Mexico and is spreading to ever corner of the globe. Egypt is slaughtering its entire pig population, the UK is dispensing information leaflets to every single home, and Barack Obama has recommended that some schools be shut down. And yet, only one victim has been claimed in the United States by the strain of influenza. Likewise, the World Health Organization says that seven—not the reported 152—is the total worldwide death toll thus far. What is replicating rapidly and claiming the psyches of millions, however, is paranoia. Simply put, the Swine Flu is the latest in a long line of over-hyped illnesses and so-called pandemics that have done little more than send the world into a paranoid frenzy."
Pact for children’s rights opposed: “A global children’s-rights treaty, ratified by every U.N. member except the United States and Somalia, has so alarmed its American critics that some are now pushing to add a parental-rights amendment to the Constitution as a buffer against it. The result is a feisty new twist to a long-running saga over the U.N. Convention on the Rights of the Child. The nearly 20-year-old treaty has ardent supporters and opponents in the United States, and both sides agree that its chances of ratification, while still uncertain, are better under the Obama administration than at any point in the past.”
Canada: Average family spends nearly half its income on taxes: “The average Canadian family spends nearly half its total income on taxes, more than it spends on food, clothing, and shelter, according to a new study from independent research organization the Fraser Institute. The Canadian Consumer Tax Index 2009 shows that even though the income of the average Canadian family has increased significantly since 1961, their total tax bill has increased at a much higher rate.”
For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena
List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here
****************************
The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)
****************************
Funnily enough. Nice to see yet another proof of some very old generalizations, though
People with higher measures of cognitive ability are more likely to make good choices in several different types of economic decisions, according to a new study with researchers from the University of Minnesota's Twin Cities and Morris campuses. The study, set to be published online in the Proceedings of the National Academy of Sciences this week, was conducted with 1,000 trainee truck drivers at Schneider National, Inc., an American motor carrier employing 20,000. The researchers measured the trainees' cognitive skills and asked them to make choices in several economic experiments, and then followed them on the job.
People with better cognitive skills, in particular higher IQ, were more willing to take calculated risks and to save their money and made more consistent choices. They were also more likely to be cooperative in a strategic situation, and exhibited higher "social awareness" in that they more accurately forecasted others' behavior.
The researchers also tracked how trainees persevered on their new job. The company paid for the training of those who stayed a year, but those who left early owed thousands in training costs. The study found that those with the highest level of cognitive ability stayed at twice the rate of those with the lowest.
The finding that individual characteristics that improve economic success -- patience, risk taking and effective social behavior -- all cluster together and are linked through cognitive skill, which could have implications for policy making and education. [Psychometricians have been saying that for over 100 years]
"These results could shed light on the causes of differential economic success among individuals and among nations," said University of Minnesota-Twin Cities economist Aldo Rustichini, a co-author whose theoretical work on cognitive skills is used in the paper. [Charles Murray and Richard Lynn have been pointing that out for years]
"It also suggests that the benefit from early childhood education programs not only affects cognitive skills, but extends to more effective economic decision-making," said study co-author Stephen Burks, the University of Minnesota-Morris economist who organized the project that gathered the data. [Rubbish! Childhood education intervention programs have NO lasting effect on IQ. Burks should look at the data and stop "suggesting"]
SOURCE
*************************
Cramdown Slamdown
Three cheers for obstructionism
The power of a united minority was on beneficial display yesterday, as Senate Republicans defeated the budget bankruptcy "cramdown" bill. Credit goes to Arizona's Jon Kyl and Minority Leader Mitch McConnell, who kept their party together to beat destructive legislation that had easily passed the House and was one of President Obama's housing priorities.
The cramdown would have allowed bankruptcy judges to rewrite contracts to reduce the amount that people owe on their mortgages. But a bipartisan majority understood that relief for today's troubled borrowers would be paid with higher rates on the next generation of homeowners, as lenders priced the added risk into mortgage contracts.
A dozen Democrats joined Republicans in the 51-45 vote, and even Pennsylvania turncoat Arlen Specter gave his former GOP comrades an assist. Speaking for millions of renters and nondelinquent borrowers, Mr. McConnell said that the vote "ensures that homeowners who pay their bills and follow the rules won't see an interest-rate hike at the whim of a bankruptcy judge."
Prior to the vote, the Associated Press described the looming defeat as "the first major legislative setback for the popular president." Illinois Senator Dick Durbin and New York's Chuck Schumer also did their worst to pass the bill, including some arm-twisting of politically vulnerable bankers. Their defeat is a victory for healthy credit markets and, let us hope, a sign that Americans do not want to throw out all the rules of our market economy.
The victory is also an example of Republicans helping the economy and thus saving Democrats from their own worst instincts. Liberals were so intent on helping troubled homeowners that they were willing to punish the profits of the very banks they say they want to lend more to new mortgage borrowers. May we have more such virtuous "obstructionism."
SOURCE
*********************
Chrysler: Obama trying to rip off private lenders and hand their money to the UAW
As April 30 approached, the Treasury Department stepped in with a heavy jack-boot. The bondholders – people who have extended loans to Chrysler in good faith – were told to accept 33 cents on the dollar, and to be happy about it. A group of these bondholders refused. They rightly saw that to accept so little was tantamount to having their pockets picked. And, to rub salt in the wounds, the government that is supposed to uphold the law and protect citizens was on the side of the muggers, helping them steal nearly $5 billion.
Make no mistake about it, this is theft. $5 billion is being taken by force from the private sector and funneled into union pension funds and other leftist devices. Private citizens gave Chrysler loans. The government is now telling these citizens to take a huge loss. When they refuse, the President of the United States publicly rebukes, ridicules, and attacks them.
Why isn’t Obama attacking the thugs at the UAW who bear a large part of the responsibility for the company’s financial mess? The primary reason the government did not allow Chrysler to go into Bankruptcy Court was purely to keep those pension and health plans in force. A Bankruptcy Court would have put the claims of the bondholders first and made the UAW accept less. Now, with the force of the government dictating the terms, the exact opposite is about to occur. Yes, the Red Queen is on her head.
The entire financial crisis has more twists and turns than a romp along the Skyline Drive. And, the American people are justifiably angry at Wall Street for their excess and cavalier attitude. But that anger is not an excuse for allowing the government of the United States to become a thief, to imitate the worst actions of a Hugo Chavez and other Third World dictators. Unfortunately, that seems to be the course Obama has set out upon.
So, to that small band of bondholders who refused to buckle under the pressure of Obama’s threats, good for you. Stay strong and resist the demands to be patsies for a government regime that is moving ever closer to the corrupt, thuggish Third World model it seems to admire so much. Whether Americans know it or not, we all win if you win.
More HERE
***************************
ELSEWHERE
Rasmussen poll: Republicans Top Democrats on Generic Congressional Ballot: "For just the second time in more than five years of daily or weekly tracking, Republicans now lead Democrats in the latest edition of the Generic Congressional Ballot. A new Rasmussen Reports national telephone survey found that 41% would vote for their district’s Republican candidate while 38% would choose the Democrat. Thirty-one percent (31%) of conservative Democrats said they would vote for their district’s Republican candidate. Overall, the GOP gained two points this week, while the Democrats lost a point in support. Still, it’s important to note that the GOP’s improved position comes primarily from falling Democratic support. Democrats are currently at their lowest level of support in the past year while Republicans are at the high water mark".
Reign of Paranoia: "In case you missed the headline, we are all going to die. Swine Flu has engulfed Mexico and is spreading to ever corner of the globe. Egypt is slaughtering its entire pig population, the UK is dispensing information leaflets to every single home, and Barack Obama has recommended that some schools be shut down. And yet, only one victim has been claimed in the United States by the strain of influenza. Likewise, the World Health Organization says that seven—not the reported 152—is the total worldwide death toll thus far. What is replicating rapidly and claiming the psyches of millions, however, is paranoia. Simply put, the Swine Flu is the latest in a long line of over-hyped illnesses and so-called pandemics that have done little more than send the world into a paranoid frenzy."
Pact for children’s rights opposed: “A global children’s-rights treaty, ratified by every U.N. member except the United States and Somalia, has so alarmed its American critics that some are now pushing to add a parental-rights amendment to the Constitution as a buffer against it. The result is a feisty new twist to a long-running saga over the U.N. Convention on the Rights of the Child. The nearly 20-year-old treaty has ardent supporters and opponents in the United States, and both sides agree that its chances of ratification, while still uncertain, are better under the Obama administration than at any point in the past.”
Canada: Average family spends nearly half its income on taxes: “The average Canadian family spends nearly half its total income on taxes, more than it spends on food, clothing, and shelter, according to a new study from independent research organization the Fraser Institute. The Canadian Consumer Tax Index 2009 shows that even though the income of the average Canadian family has increased significantly since 1961, their total tax bill has increased at a much higher rate.”
For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena
List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here
****************************
The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)
****************************
Friday, May 01, 2009
Obama's Liberal Arrogance Will Be His Undoing
by Jonah Goldberg
The most remarkable, or certainly the least remarked on, aspect of Barack Obama's first 100 days has been the infectious arrogance of his presidency. There's no denying that this is liberalism's greatest opportunity for wish fulfillment since at least 1964. But to listen to Democrats, the only check on their ambition is the limit of their imaginations. "The world has changed," Sen. Charles Schumer of New York proclaimed on MSNBC. "The old Reagan philosophy that served them well politically from 1980 to about 2004 and 2006 is over. But the hard right, which still believes ... (in) traditional-values kind of arguments and strong foreign policy, all that is over."
Right. "Family values" and "strong foreign policy" belong next to the "free silver" movement in the lexicon of dead political causes. No doubt Schumer was employing the kind of simplified shorthand one uses when everyone in the room already agrees with you. He can be forgiven for mistaking an MSNBC studio for such a milieu, but it seemed not to dawn on him that anybody watching might see it differently.
When George W. Bush was in office, we heard constantly about the poisonous nature of American polarization. For example, Democratic pollster Stanley Greenberg came out with a book arguing that "our nation's political landscape is now divided more deeply and more evenly than perhaps ever before." One can charitably say this was abject nonsense. Evenly divided? Maybe. But more deeply? Feh.
During the Civil War, the political landscape was so deeply divided that 600,000 Americans died. During the 1930s, labor strife and revolutionary ardor threatened the stability of the republic. In the 1960s, political assassinations, riots and bombings punctuated our political discourse.
It says something about the relationship of liberals to political power that they can overlook domestic dissent when they're at the wheel. When the GOP is in office, America is seen as hopelessly divided because dissent is the highest form of patriotism. When Democrats are in charge, the Frank Riches suddenly declare the culture war over and dismiss dissent as the scary work of the sort of cranks Obama's Department of Homeland Security needs to monitor.
If liberals thought so fondly of social peace and consensus, they would look more favorably on the 1920s and 1950s. Instead, their political idylls are the tumultuous '30s and '60s, when liberalism, if not necessarily liberals, rode high in the saddle.
Sure, America was divided under Bush. And it's still divided under Obama (just look at the recent Minnesota Senate race and the New York congressional special election). According to the polls, America is a bit less divided under Obama than it was at the end of Bush's first 100 days. But not as much less as you would expect, given Obama's victory margin and the rally-around-the-president effect of the financial crisis (not to mention the disarray of the GOP).
Meanwhile, circulation for the conservative National Review (where I work) is soaring. More people watch Fox News (where I am a contributor) in prime time than watch CNN and MSNBC combined. The "tea parties" may not have been as big as your typical union-organized "spontaneous" demonstration, but they were far more significant than any protests this early in Bush's tenure. And yet, according to Democrats and liberal pundits, America is enjoying unprecedented unity, and conservatives are going the way of the dodo.
Obama has surely helped set the tone for the unfolding riot of liberal hubris. In his effort to reprise the sort of expansion of liberal power we saw in the '30s and '60s, Obama has -- without a whiff of self-doubt -- committed America to $6.5 trillion in extra debt, $65 billion for each of his first 100 days, and that's based on an impossibly rosy forecast of the economy. No wonder congressional Democrats clamor to take over corporations, tax the air we breathe and set wages for everybody.
On social issues such as abortion and embryonic stem cell research, Obama has proved to be, if anything, more of a left-wing culture warrior than Bush was a right-wing one. All the while, Obama transmogrifies his principled opponents into straw-man ideologues while preening about his own humble pragmatism. For him, bipartisanship is defined as shutting up and getting in line.
I'm not arguing that conservatives are poised to make some miraculous comeback. They're not. But American politics didn't come to an end with Obama's election, and nothing in politics breeds corrective antibodies more quickly than overreaching arrogance. And by that measure, Obama's first 100 days have been a huge down payment on the inevitable correction to come.
SOURCE
**********************
A Hundred Days of Media Love
There's something very curious -- even laughable -- about watching the media assemble to offer President Obama a grade after the first 100 days. They weren't exactly a team of dispassionate scientists in a lab. They continue to be what they've been all along -- a rolling gaggle of Obama cheerleaders -- only before it was a campaign, and now it's an administration. So now they're assessing whether their awe-inspiring historic candidate still glows with the luster of victory. Hmm ... let's see. They applied the luster, they boasted of the luster, and you can bet your bottom dollar they'll continue doing both.
Remember Chris Matthews, and apply his pre-inauguration pledge across the media: "I want to do everything I can to make this thing work, this new presidency work."
Three months have made zero difference in the major media's ardor. They were head over heels in love on Jan. 20, and they're still head over heels in love on April 29. Just as before, Obama is automatically destined for historical greatness: "Obama's start has been the most impressive of any president since FDR," crowed Time magazine. One can also say, "Obama has been the most socialist since FDR."
Time ran a long column of puffery from Joe Klein, who adored Obama's radical change from government-asphyxiating Reaganism and his long view of the sweep of history, as opposed to our "quick-fix, sugar-rush, attention-deficit society of the postmodern age." Klein declared, "The legislative achievements have been stupendous -- the $789-stimulus bill, the budget plan that is still being hammered out (and may, ultimately, include the next landmark safety-net program, universal health insurance)."
"Stupendous." That's what socialists think. Conservatives call it horrendous. You can quickly see whose side the media favor -- the multiplication of "landmark safety nets" of socialism, from the government takeover of health care to the imposition of onerous global-warming taxes.
More HERE
***********************
ELSEWHERE
Pirates, armed guards and “civilized” popinjays: “Certainly there are non-lethal ways to fight pirates, but as Gen. Petraeus said the other day, and I’m paraphrasing, I wouldn’t want to be on a water cannon when the guy at the other end has an RPG. Fighting off pirates requires resistance, and resistance requires at least equality in firepower. The whole point is to make piracy less and less attractive. Right now the pirates pick a target, board it and name their ransom. The risk to reward ratio is so low they won’t consider returning to their former life. One way to help them make such a decision more readily is to raise that reward-to-risk ratio to a level that it is no longer attractive. Seems to me armed ships along with military intervention are certainly a good way to do that.”
Arlen Specter's betrayal: "Sen. Arlen Specter's switch to the Democratic Party has implications on a personal and national scale. For Pennsylvanians, who must decide who will represent us in the U.S. Senate next year, the stakes are personal. A central question will be whether Mr. Specter can be trusted on anything. In recent weeks, Mr. Specter has made numerous statements about how important it is to deny Democrats the 60th seat in the U.S. Senate and how he intended to remain a Republican to prevent one-party dominance in Washington. What Pennsylvanians have to ask themselves now is whether Mr. Specter is, in fact, devoted to any principle other than his own re-election. On that question, there is much evidence. Mr. Specter began his political career as a Democrat, switched to the Republican side out of political convenience and has switched back for the same reason. On issue after issue, he has changed his position over the years to benefit his political calculations. The most recent example is card check, which denies workers a secret ballot in labor-union elections. First Mr. Specter supported it, then he opposed it when faced with Republican primary opposition, and now, who knows? That's something Pennsylvania Democrats will have to contend with. Do they really want to nominate someone who will switch his principles on a dime?"
How to send unionists bankrupt: Sell them a failed company: "To avoid a bankruptcy of Chrysler LLC at the end of the week, the Obama administration is trying to push through a deal that gives the automaker's unions majority ownership - a deal that could blow up if the company's lenders reject it. The pending proposal for Chrysler eventually would give the United Autoworkers Union a 55 percent stake in the company. That would exceed even the 35 percent share eventually given to Fiat, Chrysler's purported partner whose agreement to the deal will be critical if the company is to stay afloat. Chrysler's secured bank lenders would get no more than a 10 percent stake along with $2 billion in cash to expunge nearly $7 billion in debt. Mr. Welch said the auto companies would be better off getting out from under government control and going bankrupt. They would be able to get a fresh start as new companies that would be free of debt and free of union constraints that have hobbled the American car companies and made them uncompetitive with foreign manufacturers. Giving the union control of the company "seems fitting since the unions are one of the principal reasons why Chrysler went broke. They destroyed it and now they're getting the spoils," said Peter Schiff, president of Euro Pacific Capital."
For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena
List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here
****************************
The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)
****************************
by Jonah Goldberg
The most remarkable, or certainly the least remarked on, aspect of Barack Obama's first 100 days has been the infectious arrogance of his presidency. There's no denying that this is liberalism's greatest opportunity for wish fulfillment since at least 1964. But to listen to Democrats, the only check on their ambition is the limit of their imaginations. "The world has changed," Sen. Charles Schumer of New York proclaimed on MSNBC. "The old Reagan philosophy that served them well politically from 1980 to about 2004 and 2006 is over. But the hard right, which still believes ... (in) traditional-values kind of arguments and strong foreign policy, all that is over."
Right. "Family values" and "strong foreign policy" belong next to the "free silver" movement in the lexicon of dead political causes. No doubt Schumer was employing the kind of simplified shorthand one uses when everyone in the room already agrees with you. He can be forgiven for mistaking an MSNBC studio for such a milieu, but it seemed not to dawn on him that anybody watching might see it differently.
When George W. Bush was in office, we heard constantly about the poisonous nature of American polarization. For example, Democratic pollster Stanley Greenberg came out with a book arguing that "our nation's political landscape is now divided more deeply and more evenly than perhaps ever before." One can charitably say this was abject nonsense. Evenly divided? Maybe. But more deeply? Feh.
During the Civil War, the political landscape was so deeply divided that 600,000 Americans died. During the 1930s, labor strife and revolutionary ardor threatened the stability of the republic. In the 1960s, political assassinations, riots and bombings punctuated our political discourse.
It says something about the relationship of liberals to political power that they can overlook domestic dissent when they're at the wheel. When the GOP is in office, America is seen as hopelessly divided because dissent is the highest form of patriotism. When Democrats are in charge, the Frank Riches suddenly declare the culture war over and dismiss dissent as the scary work of the sort of cranks Obama's Department of Homeland Security needs to monitor.
If liberals thought so fondly of social peace and consensus, they would look more favorably on the 1920s and 1950s. Instead, their political idylls are the tumultuous '30s and '60s, when liberalism, if not necessarily liberals, rode high in the saddle.
Sure, America was divided under Bush. And it's still divided under Obama (just look at the recent Minnesota Senate race and the New York congressional special election). According to the polls, America is a bit less divided under Obama than it was at the end of Bush's first 100 days. But not as much less as you would expect, given Obama's victory margin and the rally-around-the-president effect of the financial crisis (not to mention the disarray of the GOP).
Meanwhile, circulation for the conservative National Review (where I work) is soaring. More people watch Fox News (where I am a contributor) in prime time than watch CNN and MSNBC combined. The "tea parties" may not have been as big as your typical union-organized "spontaneous" demonstration, but they were far more significant than any protests this early in Bush's tenure. And yet, according to Democrats and liberal pundits, America is enjoying unprecedented unity, and conservatives are going the way of the dodo.
Obama has surely helped set the tone for the unfolding riot of liberal hubris. In his effort to reprise the sort of expansion of liberal power we saw in the '30s and '60s, Obama has -- without a whiff of self-doubt -- committed America to $6.5 trillion in extra debt, $65 billion for each of his first 100 days, and that's based on an impossibly rosy forecast of the economy. No wonder congressional Democrats clamor to take over corporations, tax the air we breathe and set wages for everybody.
On social issues such as abortion and embryonic stem cell research, Obama has proved to be, if anything, more of a left-wing culture warrior than Bush was a right-wing one. All the while, Obama transmogrifies his principled opponents into straw-man ideologues while preening about his own humble pragmatism. For him, bipartisanship is defined as shutting up and getting in line.
I'm not arguing that conservatives are poised to make some miraculous comeback. They're not. But American politics didn't come to an end with Obama's election, and nothing in politics breeds corrective antibodies more quickly than overreaching arrogance. And by that measure, Obama's first 100 days have been a huge down payment on the inevitable correction to come.
SOURCE
**********************
A Hundred Days of Media Love
There's something very curious -- even laughable -- about watching the media assemble to offer President Obama a grade after the first 100 days. They weren't exactly a team of dispassionate scientists in a lab. They continue to be what they've been all along -- a rolling gaggle of Obama cheerleaders -- only before it was a campaign, and now it's an administration. So now they're assessing whether their awe-inspiring historic candidate still glows with the luster of victory. Hmm ... let's see. They applied the luster, they boasted of the luster, and you can bet your bottom dollar they'll continue doing both.
Remember Chris Matthews, and apply his pre-inauguration pledge across the media: "I want to do everything I can to make this thing work, this new presidency work."
Three months have made zero difference in the major media's ardor. They were head over heels in love on Jan. 20, and they're still head over heels in love on April 29. Just as before, Obama is automatically destined for historical greatness: "Obama's start has been the most impressive of any president since FDR," crowed Time magazine. One can also say, "Obama has been the most socialist since FDR."
Time ran a long column of puffery from Joe Klein, who adored Obama's radical change from government-asphyxiating Reaganism and his long view of the sweep of history, as opposed to our "quick-fix, sugar-rush, attention-deficit society of the postmodern age." Klein declared, "The legislative achievements have been stupendous -- the $789-stimulus bill, the budget plan that is still being hammered out (and may, ultimately, include the next landmark safety-net program, universal health insurance)."
"Stupendous." That's what socialists think. Conservatives call it horrendous. You can quickly see whose side the media favor -- the multiplication of "landmark safety nets" of socialism, from the government takeover of health care to the imposition of onerous global-warming taxes.
More HERE
***********************
ELSEWHERE
Pirates, armed guards and “civilized” popinjays: “Certainly there are non-lethal ways to fight pirates, but as Gen. Petraeus said the other day, and I’m paraphrasing, I wouldn’t want to be on a water cannon when the guy at the other end has an RPG. Fighting off pirates requires resistance, and resistance requires at least equality in firepower. The whole point is to make piracy less and less attractive. Right now the pirates pick a target, board it and name their ransom. The risk to reward ratio is so low they won’t consider returning to their former life. One way to help them make such a decision more readily is to raise that reward-to-risk ratio to a level that it is no longer attractive. Seems to me armed ships along with military intervention are certainly a good way to do that.”
Arlen Specter's betrayal: "Sen. Arlen Specter's switch to the Democratic Party has implications on a personal and national scale. For Pennsylvanians, who must decide who will represent us in the U.S. Senate next year, the stakes are personal. A central question will be whether Mr. Specter can be trusted on anything. In recent weeks, Mr. Specter has made numerous statements about how important it is to deny Democrats the 60th seat in the U.S. Senate and how he intended to remain a Republican to prevent one-party dominance in Washington. What Pennsylvanians have to ask themselves now is whether Mr. Specter is, in fact, devoted to any principle other than his own re-election. On that question, there is much evidence. Mr. Specter began his political career as a Democrat, switched to the Republican side out of political convenience and has switched back for the same reason. On issue after issue, he has changed his position over the years to benefit his political calculations. The most recent example is card check, which denies workers a secret ballot in labor-union elections. First Mr. Specter supported it, then he opposed it when faced with Republican primary opposition, and now, who knows? That's something Pennsylvania Democrats will have to contend with. Do they really want to nominate someone who will switch his principles on a dime?"
How to send unionists bankrupt: Sell them a failed company: "To avoid a bankruptcy of Chrysler LLC at the end of the week, the Obama administration is trying to push through a deal that gives the automaker's unions majority ownership - a deal that could blow up if the company's lenders reject it. The pending proposal for Chrysler eventually would give the United Autoworkers Union a 55 percent stake in the company. That would exceed even the 35 percent share eventually given to Fiat, Chrysler's purported partner whose agreement to the deal will be critical if the company is to stay afloat. Chrysler's secured bank lenders would get no more than a 10 percent stake along with $2 billion in cash to expunge nearly $7 billion in debt. Mr. Welch said the auto companies would be better off getting out from under government control and going bankrupt. They would be able to get a fresh start as new companies that would be free of debt and free of union constraints that have hobbled the American car companies and made them uncompetitive with foreign manufacturers. Giving the union control of the company "seems fitting since the unions are one of the principal reasons why Chrysler went broke. They destroyed it and now they're getting the spoils," said Peter Schiff, president of Euro Pacific Capital."
For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena
List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here
****************************
The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)
****************************
Thursday, April 30, 2009
How false Leftist assumptions about race are destroying America
One of my fellow psychologists speaks out about the way accusations of "racism" destroy rational thought and damage the future of American young people. I recycle his whole post below. See the original for links. I am glad I am not the only one willing to speak truth to power.
There are a few simple rules one must follow when talking about race. One must carefully adhere to the position that any inequality between Whites and Asians in which Hispanics and Blacks et al fare poorly must be explained as caused by racism or the legacy of racism while any inequality that favors Blacks and Hispanics must be studiously ignored. Without considering whether the disparity is caused by Nature (genetics, constitution) or Nurture (parenting, community standards, culture) it is clear, but dangerous to one's career for a White person to point out, that Blacks tend to be better athletes than Whites. (It is unexceptional for Charles Barkley to quip that "white men can't jump" but for a White commentator to make a similar point is to risk social opprobrium or worse.)
There is a high cost associated with our inability to speak honestly about race. Several recent examples come to mind.
Part of the reason for the financial collapse and our current recession is that people were given mortgages for over-priced properties that they had no real hope of ever being able to support. A majority of such mortgages were in four "sand states" (Florida, Arizona, Nevada, California.) As Steve Sailor has pointed out, there is something besides sand which these states have in common:
For those with short memories, it is worth recalling that the impetus for the development of exotic mortgage products included the need to hide (and deny) the risk associated with changing lending standards for minorities, who had been "red lined" by racist banks and thus were unfairly denied homes. If we remain mute and in denial of this unfortunate fact, we will find ways to replicate the current disaster. In other words if we understand the disparity in home ownership as being based solely on racism rather than as a multi-factorial, complex array of inputs that eventuate in higher default rates for minorities than Whites or Asians, our "cure" for the financial meltdown will necessarily include the seeds of the next meltdown.
A second area where our denial distorts our social and economic functioning is on display at the Supreme Court. The New York Times offers a classic example of the kind of Mobius strip thinking required to support the insistence that discrimination is the only acceptable discourse to explain the disparity between White and Minority functioning:
Is that clear? Since we cannot tolerate the idea that there might be an objective reality behind the disparity of results, we must discriminate, without calling it discrimination, against the White firemen and leave New Haven for the last five years with a more carefully selected (ie, diverse) set of temporary lieutenants, results be damned!
The sorry fact is that there is an entire industry that has sprung up that for forty years has attempted to create tests that will lead to equal outcomes between Minorities and Whites. The unspeakable secret is that whatever test has been devised, even those that are least reliant on language and those sub-tests that maximize Minority strengths, have consistently found that Whites and Asians out-perform Blacks and Hispanics. This has led to a third problem, the insistence on producing equality of results means that the upper limits of tests must be shifted downward; ie, we are dumbing down our society from top to bottom.
In the style that he has parlayed into a lucrative sinecure at the New York Times (though who knows for how much longer), Tom Friedman discusses the failure of our educational establishment to prepare our children for the modern world, and in his inimitable fashion manages to assume the critical rule without noticing how it impacts his argument:
It is easy to talk about closing the educational achievement gap but incredibly stupid to refuse to question the conventional wisdom as to the cause of the gap. It is quite literally unthinkable for Tom Friedman to consider that the educational achievement gap between Whites and Asians versus Blacks and Hispanics, might actually reflect an underlying reality rather than that our schools are subtly racist. Further, the failure to recognize that among the many reasons our students do worse the longer they stay in school is precisely because we must expect less and less from them in order to minimize that gap, is unconscionable.
Again, it matters not for the purposes of understanding our problem whether the gap between Whites and Asians versus Hispanic and Blacks is cultural, constitutional, or some as yet unidentified element of the ether. Further, is doesn't even matter if the gap is, in fact, caused by residual racism. The denial of the gap, the denial that the gap persists despite 30 years and counting of efforts to address the gap with mountains of money and good intentions, is destroying our educational system.
In 8th grade, my daughter, an avid reader, was offered a list of intriguing books by her Honors English teacher. When Mrs. SW met the teacher and asked why these books were no longer on the standard reading list for 8th grade Honors English, she as told sotto voce that the distinct no longer allowed her to include such challenging books for her 8th graders because too many children could not do the work. If that is not the definition of "dumbing down", what is?
The gap exists; the gap in performance is predictive of success or lack thereof, in academic pursuits. Our need to deny the evidence before our eyes is burdening our society with the equivalent of adding epicycles to Ptolemaic cosmology. The system of discrimination to repair the effects of discrimination without allowing the awareness of the new reverse discrimination, just becomes more and more cumbersome until it collapses of its own internal contradictions. Beyond everything else, when our efforts to resolve the problem has still not shown any progress in over 40 years of social engineering, it is time to consider whether or not our assumptions are accurate and warranted.
SOURCE
***********************
Fox drops Obama, but is that a big deal?
Yes, it looks bad. Fox announced earlier today that it would not carry Barack Obama's prime-time press conference on Wednesday, opting to air Lie to Me instead. Now, it is rare for a network to tell a president "no,” but before we accuse Fox of political bias, greed, or abandoning civic responsibility, we should take a look at the record on presidential interruptions -- for all networks. In that light, Fox’s decision seems a lot less menacing.
The problem Fox faces is one of perception. Most viewers tend to think of the network as conservative, and think that FoxNews, home of Bill O'Reilly, Glenn Beck and Sean Hannity , slants pro-GOP. (MSNBC, by contrast, is widely thought to support Democrats). Plus, Fox was the only network not to air the Democratic response to then-President Bush’s address on Iraq in 2007. Add all that up and it looks like the network simply didn’t want to dish out any of its precious sweeps time to the Democrat in the White House. The thing is, it only looks that way.
For one thing, Obama is not the first president snubbed by Fox. The network didn’t air a 2001 speech by Pres. Bush, then took the same tack three years later, joining all networks in declining to air Bush’s May 2004 speech on Iraq. What aired instead? Fear Factor...on NBC. Plus, if we’re really getting specific, Fox didn’t air two of the 2000 presidential debates, and ABC was the only network that didn’t air then-candidate Obama’s campaign infomercial.
So is it just the almighty dollar, then? Is Fox putting the Tim Roth procedural, Lie to Me (currently trying to attract sweeps dollars even though its ratings are trending downward), ahead of the civic good? Perhaps. But a Fox insider points out that the network typically comes in dead last in the ratings when it airs presidential interruptions (even coming in behind FoxNews most of the time), largely because Fox has no internal news division. There’s no Katie Couric or Brian Williams offering analysis or talking to pundits -- which is why most viewers turn to ABC, NBC, CBS, or the cable news outlets whenever the president invades primetime. And let’s face it, this president seems to enjoy interrupting our favorite shows, having already had three previous addresses/press conferences (and pre-empting Lie to Me before).
But we are in a recession. And two wars. And now we’re all freaked about swine flu. So yes, it would be nice if all the networks carried the president’s press conference. (We should note that an insider says Fox's decision is not a signal from new network chief Peter Rice that Fox will abandon the president indefinitely.) It would also be nice if we all watched, but that doesn’t happen either. Unless and until all of us would rather hear what’s going on with the nation than watch Lie to Me, maybe we should cut Fox just a bit of slack.
SOURCE
This swine flu scare is just another media-created panic anyway. It is now reported that there were only 7 cases in Mexico and other reports indicate that the mortality rate is similar to "normal" flu. And antivirals help cure it, with Relenza being best, I believe
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ELSEWHERE
British reservists to be trained for quick move to front line: "The Territorial Army is to be overhauled so that it can be deployed overseas more quickly, the Ministry of Defence has announced, a recognition of the military’s growing dependence on reservists in the war in Afghanistan. News of the overhaul came after months of speculation that the reserve force would be cut drastically to make savings in the defence budget. Bob Ainsworth, the Armed Forces Minister, told Parliament yesterday that there would be no drop in numbers, but that reservists would be relieved of “burdensome training that they don’t really need to do”, making them ready for deployment within three years. About 18,000 of Britain’s 33,000 active reservists have served in Iraq and Afghanistan since 2003 and reservists make up 8 per cent of Forces deployed in theatre".
Britain upstaged by Poland: "Gordon Brown's attempt to put the economic misery of Britain behind him on a whistle-stop world tour were stymied today when Poland's Prime Minister embarrassed him with a lecture on the perils of excessive public borrowing and culture of debt. Speaking after a breakfast meeting between the two leaders in Warsaw, Donald Tusk, the Polish premier said that while he did not want to comment on any other economy, the Poles had fared so well because they behaved with "full responsibility in terms of their deficit". While Britain is struggling to cope with the effect of three quarters of economic contraction, Poland is basking in 12 years of consecutive, uninterrupted growth. With Mr Brown standing next to him, Mr Tusk said that one of the main reasons Poland has so far managed to avoid the ravages of the credit crisis was because Warsaw had "efficient supervision to banks and sticking to the rules.... not exaggerating with living on credit. These are the most certain ways of avoiding [the consequences] of financial crisis."
For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena
List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here
****************************
The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)
****************************
One of my fellow psychologists speaks out about the way accusations of "racism" destroy rational thought and damage the future of American young people. I recycle his whole post below. See the original for links. I am glad I am not the only one willing to speak truth to power.
There are a few simple rules one must follow when talking about race. One must carefully adhere to the position that any inequality between Whites and Asians in which Hispanics and Blacks et al fare poorly must be explained as caused by racism or the legacy of racism while any inequality that favors Blacks and Hispanics must be studiously ignored. Without considering whether the disparity is caused by Nature (genetics, constitution) or Nurture (parenting, community standards, culture) it is clear, but dangerous to one's career for a White person to point out, that Blacks tend to be better athletes than Whites. (It is unexceptional for Charles Barkley to quip that "white men can't jump" but for a White commentator to make a similar point is to risk social opprobrium or worse.)
There is a high cost associated with our inability to speak honestly about race. Several recent examples come to mind.
Part of the reason for the financial collapse and our current recession is that people were given mortgages for over-priced properties that they had no real hope of ever being able to support. A majority of such mortgages were in four "sand states" (Florida, Arizona, Nevada, California.) As Steve Sailor has pointed out, there is something besides sand which these states have in common:
... the bubble was worse in Florida and California than in Georgia and Indiana. In the sand states in the fall of 2006, there were still Greater Fools around who believed that Hispanicization meant an unending increase in home values. The idea never gets fully articulated -- are home prices high because Hispanics can pay high prices? Or are home prices high because non-Hispanics are desperately paying high home prices to get their kids away from public schools full of Hispanics? When you spell out the logical alternatives, neither one sounds terribly sustainable, but the point is that political correctness keeps people from thinking it through. Young Wall Streeters just all emotionally believed Diversity = Goodness = Money.
It's one of those ideas -- that a constant influx of Hispanics meant ever growing property values -- that people get in their heads vaguely, but aren't allowed to interrogate under our reigning worldview and our reigning EEOC regulations, under which Malcolm Gladwell makes a fortune and Charles Murray makes nothing lecturing corporations.
For those with short memories, it is worth recalling that the impetus for the development of exotic mortgage products included the need to hide (and deny) the risk associated with changing lending standards for minorities, who had been "red lined" by racist banks and thus were unfairly denied homes. If we remain mute and in denial of this unfortunate fact, we will find ways to replicate the current disaster. In other words if we understand the disparity in home ownership as being based solely on racism rather than as a multi-factorial, complex array of inputs that eventuate in higher default rates for minorities than Whites or Asians, our "cure" for the financial meltdown will necessarily include the seeds of the next meltdown.
A second area where our denial distorts our social and economic functioning is on display at the Supreme Court. The New York Times offers a classic example of the kind of Mobius strip thinking required to support the insistence that discrimination is the only acceptable discourse to explain the disparity between White and Minority functioning:
A Bad Test
New Haven’s Fire Department administered an exam in 2003 for promotion to captain and lieutenant. A significant number of the 118 firefighters who took the test were black and Hispanic, but their pass rates were far lower than those of the white firefighters who took the test. If the Fire Department had promoted based on the test, two Hispanics and no blacks would have been eligible for the seven open captain positions. No Hispanics or blacks would have been eligible for the eight lieutenant positions.
Faced with a test that had such a strong adverse impact on minority applicants, New Haven decided to throw out the results and leave the supervisory positions open. In their lawsuit, the white firefighters insist that there was nothing wrong with the exam. They argue that the city’s refusal to rely on it was an unconstitutional race-based decision, motivated by a preference for promoting minority firefighters over white firefighters.
New Haven was in a bind once the results came in. If it had used the tests to make promotions, it would have opened itself up to a lawsuit by minority firefighters. When it decided not to use the results, it was sued by white firefighters....
New Haven still bears a good share of the blame for what has gone wrong. With all of the research that has been done on employment testing, it should have had a carefully constructed system for evaluating potential supervisors that could withstand a legal challenge.
The firefighters who took time out of their lives to study, did well on the test and then had their hard work nullified are right to feel as if they were treated badly. It does not mean that they should prevail. New Haven set aside the test results not to discriminate on the basis of race, but in a reasonable effort to avoid discriminating.
Is that clear? Since we cannot tolerate the idea that there might be an objective reality behind the disparity of results, we must discriminate, without calling it discrimination, against the White firemen and leave New Haven for the last five years with a more carefully selected (ie, diverse) set of temporary lieutenants, results be damned!
The sorry fact is that there is an entire industry that has sprung up that for forty years has attempted to create tests that will lead to equal outcomes between Minorities and Whites. The unspeakable secret is that whatever test has been devised, even those that are least reliant on language and those sub-tests that maximize Minority strengths, have consistently found that Whites and Asians out-perform Blacks and Hispanics. This has led to a third problem, the insistence on producing equality of results means that the upper limits of tests must be shifted downward; ie, we are dumbing down our society from top to bottom.
In the style that he has parlayed into a lucrative sinecure at the New York Times (though who knows for how much longer), Tom Friedman discusses the failure of our educational establishment to prepare our children for the modern world, and in his inimitable fashion manages to assume the critical rule without noticing how it impacts his argument:
Swimming Without a Suit
Just a quick review: In the 1950s and 1960s, the U.S. dominated the world in K-12 education. We also dominated economically. In the 1970s and 1980s, we still had a lead, albeit smaller, in educating our population through secondary school, and America continued to lead the world economically, albeit with other big economies, like China, closing in. Today, we have fallen behind in both per capita high school graduates and their quality. Consequences to follow.
For instance, in the 2006 Program for International Student Assessment that measured the applied learning and problem-solving skills of 15-year-olds in 30 industrialized countries, the U.S. ranked 25th out of the 30 in math and 24th in science. That put our average youth on par with those from Portugal and the Slovak Republic, “rather than with students in countries that are more relevant competitors for service-sector and high-value jobs, like Canada, the Netherlands, Korea, and Australia,” McKinsey noted.
Actually, our fourth-graders compare well on such global tests with, say, Singapore. But our high school kids really lag, which means that “the longer American children are in school, the worse they perform compared to their international peers,” said McKinsey. [Emphasis mine-SW]
There are millions of kids who are in modern suburban schools “who don’t realize how far behind they are,” said Matt Miller, one of the authors. “They are being prepared for $12-an-hour jobs — not $40 to $50 an hour.” .....
Using an economic model created for this study, McKinsey showed how much those gaps are costing us. Suppose, it noted, “that in the 15 years after the 1983 report ‘A Nation at Risk’ sounded the alarm about the ‘rising tide of mediocrity’ in American education,” the U.S. had lifted lagging student achievement to higher benchmarks of performance? What would have happened?
The answer, says McKinsey: If America had closed the international achievement gap between 1983 and 1998 and had raised its performance to the level of such nations as Finland and South Korea, United States G.D.P. in 2008 would have been between $1.3 trillion and $2.3 trillion higher. If we had closed the racial achievement gap and black and Latino student performance had caught up with that of white students by 1998, G.D.P. in 2008 would have been between $310 billion and $525 billion higher. If the gap between low-income students and the rest had been narrowed, G.D.P. in 2008 would have been $400 billion to $670 billion higher.
It is easy to talk about closing the educational achievement gap but incredibly stupid to refuse to question the conventional wisdom as to the cause of the gap. It is quite literally unthinkable for Tom Friedman to consider that the educational achievement gap between Whites and Asians versus Blacks and Hispanics, might actually reflect an underlying reality rather than that our schools are subtly racist. Further, the failure to recognize that among the many reasons our students do worse the longer they stay in school is precisely because we must expect less and less from them in order to minimize that gap, is unconscionable.
Again, it matters not for the purposes of understanding our problem whether the gap between Whites and Asians versus Hispanic and Blacks is cultural, constitutional, or some as yet unidentified element of the ether. Further, is doesn't even matter if the gap is, in fact, caused by residual racism. The denial of the gap, the denial that the gap persists despite 30 years and counting of efforts to address the gap with mountains of money and good intentions, is destroying our educational system.
In 8th grade, my daughter, an avid reader, was offered a list of intriguing books by her Honors English teacher. When Mrs. SW met the teacher and asked why these books were no longer on the standard reading list for 8th grade Honors English, she as told sotto voce that the distinct no longer allowed her to include such challenging books for her 8th graders because too many children could not do the work. If that is not the definition of "dumbing down", what is?
The gap exists; the gap in performance is predictive of success or lack thereof, in academic pursuits. Our need to deny the evidence before our eyes is burdening our society with the equivalent of adding epicycles to Ptolemaic cosmology. The system of discrimination to repair the effects of discrimination without allowing the awareness of the new reverse discrimination, just becomes more and more cumbersome until it collapses of its own internal contradictions. Beyond everything else, when our efforts to resolve the problem has still not shown any progress in over 40 years of social engineering, it is time to consider whether or not our assumptions are accurate and warranted.
SOURCE
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Fox drops Obama, but is that a big deal?
Yes, it looks bad. Fox announced earlier today that it would not carry Barack Obama's prime-time press conference on Wednesday, opting to air Lie to Me instead. Now, it is rare for a network to tell a president "no,” but before we accuse Fox of political bias, greed, or abandoning civic responsibility, we should take a look at the record on presidential interruptions -- for all networks. In that light, Fox’s decision seems a lot less menacing.
The problem Fox faces is one of perception. Most viewers tend to think of the network as conservative, and think that FoxNews, home of Bill O'Reilly, Glenn Beck and Sean Hannity , slants pro-GOP. (MSNBC, by contrast, is widely thought to support Democrats). Plus, Fox was the only network not to air the Democratic response to then-President Bush’s address on Iraq in 2007. Add all that up and it looks like the network simply didn’t want to dish out any of its precious sweeps time to the Democrat in the White House. The thing is, it only looks that way.
For one thing, Obama is not the first president snubbed by Fox. The network didn’t air a 2001 speech by Pres. Bush, then took the same tack three years later, joining all networks in declining to air Bush’s May 2004 speech on Iraq. What aired instead? Fear Factor...on NBC. Plus, if we’re really getting specific, Fox didn’t air two of the 2000 presidential debates, and ABC was the only network that didn’t air then-candidate Obama’s campaign infomercial.
So is it just the almighty dollar, then? Is Fox putting the Tim Roth procedural, Lie to Me (currently trying to attract sweeps dollars even though its ratings are trending downward), ahead of the civic good? Perhaps. But a Fox insider points out that the network typically comes in dead last in the ratings when it airs presidential interruptions (even coming in behind FoxNews most of the time), largely because Fox has no internal news division. There’s no Katie Couric or Brian Williams offering analysis or talking to pundits -- which is why most viewers turn to ABC, NBC, CBS, or the cable news outlets whenever the president invades primetime. And let’s face it, this president seems to enjoy interrupting our favorite shows, having already had three previous addresses/press conferences (and pre-empting Lie to Me before).
But we are in a recession. And two wars. And now we’re all freaked about swine flu. So yes, it would be nice if all the networks carried the president’s press conference. (We should note that an insider says Fox's decision is not a signal from new network chief Peter Rice that Fox will abandon the president indefinitely.) It would also be nice if we all watched, but that doesn’t happen either. Unless and until all of us would rather hear what’s going on with the nation than watch Lie to Me, maybe we should cut Fox just a bit of slack.
SOURCE
This swine flu scare is just another media-created panic anyway. It is now reported that there were only 7 cases in Mexico and other reports indicate that the mortality rate is similar to "normal" flu. And antivirals help cure it, with Relenza being best, I believe
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ELSEWHERE
British reservists to be trained for quick move to front line: "The Territorial Army is to be overhauled so that it can be deployed overseas more quickly, the Ministry of Defence has announced, a recognition of the military’s growing dependence on reservists in the war in Afghanistan. News of the overhaul came after months of speculation that the reserve force would be cut drastically to make savings in the defence budget. Bob Ainsworth, the Armed Forces Minister, told Parliament yesterday that there would be no drop in numbers, but that reservists would be relieved of “burdensome training that they don’t really need to do”, making them ready for deployment within three years. About 18,000 of Britain’s 33,000 active reservists have served in Iraq and Afghanistan since 2003 and reservists make up 8 per cent of Forces deployed in theatre".
Britain upstaged by Poland: "Gordon Brown's attempt to put the economic misery of Britain behind him on a whistle-stop world tour were stymied today when Poland's Prime Minister embarrassed him with a lecture on the perils of excessive public borrowing and culture of debt. Speaking after a breakfast meeting between the two leaders in Warsaw, Donald Tusk, the Polish premier said that while he did not want to comment on any other economy, the Poles had fared so well because they behaved with "full responsibility in terms of their deficit". While Britain is struggling to cope with the effect of three quarters of economic contraction, Poland is basking in 12 years of consecutive, uninterrupted growth. With Mr Brown standing next to him, Mr Tusk said that one of the main reasons Poland has so far managed to avoid the ravages of the credit crisis was because Warsaw had "efficient supervision to banks and sticking to the rules.... not exaggerating with living on credit. These are the most certain ways of avoiding [the consequences] of financial crisis."
For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena
List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here
****************************
The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)
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Wednesday, April 29, 2009
Welcome back Punditarian!
Consider this statement: "School bullies are inadequate people who endeavour to compensate for their own inadequacies by attacking vulnerable fellow-students".
Is there anything wrong with that statement? I don't think there is. But whether it is right or wrong, note what it does. It explains bullying by referring to two things: The characteristics of the bully ("inadequate") and the characteristics of the victim ("vulnerable"). And the entire social science discipline of Victimology does that. It sees victimization as an interaction between the characteristics of the victim and characteristics of the victimizer. And, being myself a social scientist I tend to look at human relations generally that way: as an interaction between different parties in different positions.
But here come the tricky bit: I do that when I speak of Jews too. I am the madman who thinks I am entitled to treat Jews like any other group and expect them to have both strengths and weaknesses. And you will see that I do that even in my side column. On the one hand I speak of Jews as being "the best we've got" and on the other I describe Jews in general as being politically stupid. And when I look at why Jews are persecuted and hated, I take into account vulnerabilities in Jews that might be one side of the explanation for the phenomenon. I think there is no doubt that doing that is good social science but it is of course politically perilous.
Which is where Punditarian comes in. He and I have engaged in dialogue about Jews several times and it has always been a civil and enjoyable exploration of the facts. He is himself one of the NY Ashkenazim so he does well to talk civilly with someone who tends to put him on the defensive. Jews are used to ignorant criticism but fact-based criticism from Goyim is normally beyond their experience. Jewish criticism of one-another is however a torrent. One only has to read the Israeli press to see that. Israelis who do their best to undermine Israel are appallingly common.
I recently put up a post about the role of high drive in both Jewish success and antagonism twoards Jews and Punditarian has just responded to that. I reproduce his comment:
I think my preamble about bullying etc. has adequately answered his first point so I will go straight to his point about the Mizrahim. He is quite right in saying that in IQ and in other characteristics the Mizrahim are not readily distinguishable from the Muslims among who they resided for many centuries. He is also right that they were oppressed by the Muslims. But were they any more oppressed than were the Christians living in Muslim lands? Not notably as far as I know. Muslims oppressed ALL "infidels". Mohammed during his early conquests did slaughter Jewish communities whom he thought stood in the way of his plans so The Koran in fact offered ample warrant for a holocaust against the Jews. But there was no holocaust. So I think that what Mizrahi Jews suffered was because they were kuffars (non-Muslims), not because they were Jews as such.
So I think the experience of the Mizrahim is quite dissimilar to the experience of the Ashkenazim and leaves the fate of the Ashkenazim in need of an explanation which considers just them and their experience. And I try to do that.
I might add that I do NOT go along with the story of a "golden age" for the Jews under the Moorish (Muslim) rulers of Spain. The Moors discriminated against Jews as much as did other Muslims. The grain of truth in the myth is that the Muslims were at least better than the Catholics -- who expelled all Jews from Spain once they had conquered the Moors.
It is always tempting to see deep similarities where there are only superficial similarities. In 1290 a Catholic King of England -- Edward I -- expelled all Jews from England too. That seems like pretty good comparability with Spain but it is not. The Spanish expulsion was motivated by religious fanaticism whereas Edward was mainly aiming at dodging his debts. The superficial similarity is there but the explanation is different.
********************
ELSEWHERE
Evening Newscasts Have Covered Obama More Than Bush & Clinton Combined: "The nonpartisan research group Center for Media and Public Affairs along with California's Chapman University released a study that found the nightly newscasts devoted 27 hours, 44 minutes to Pres. Obama's presidency in his first 50 days. That compares to 7 hours, 42 minutes for Pres. George W. Bush and 15 hours, 2 minutes for Pres. Bill Clinton during the first 50 days of their first terms. Not only has Obama gotten more coverage, but that coverage has been more positive than his predecessors. On the ABC, CBS, and NBC evening newscasts, 58% of all evaluations of the president and his policies have been favorable, while 42% were unfavorable. That compares with 33% positive in the comparable period of Bush's tenure and 44% positive for Pres. Clinton. CBS led the coverage with 365 stories and 10 hours 46 minutes of airtime, followed by NBC with 327 stories and 9 hours 38 minutes, and ABC with 329 stories and 7 hours 20 minutes. But Fox News stands apart from its competitors here - only 13% of comments were considered favorable. On ABC, 57% of the comments were favorable, compared to 58% for CBS and 61% for NBC.
Taxachusetts still in business: "House Speaker Robert A. DeLeo today plans to push a 1.25 percent sales tax increase, which would bring the state’s 5 percent sales tax to 6.25 percent, and bring in an estimated $900 million in new revenue. He wants to dedicate about $275 million to transportation — a maneuver designed to avoid increasing the state’s gas tax, as Governor Deval Patrick has proposed, according to a State House source briefed on the plan and a briefing document obtained by the Globe. Patrick has proposed a 19-cent increase in the gas tax, which would raise nearly double the amount for transportation that DeLeo’s plan would. DeLeo also wants to dedicate $200 million to restoring cuts in local aid.”
DC: Driveways now a no parking zone: “Beverly Anderson is mad as hell. She just started to get tickets for parking in her own driveway. That’s right. The District of Columbia is ticketing people who park their cars in their own driveways. ‘This is clearly an attempt by the city to extort money out of property owners,’ Anderson tells WTOP. Anderson has received two of the $20 tickets in the past month. Anderson has owned the Capitol Hill house (and the driveway, so she thought) for more than ten years and has never gotten a ticket. And she’s not alone. It seems Congresswoman Eleanor Holmes Norton has also been breaking the law in the eyes of the D.C. Department of Public Works.”
The victory of the emotions: “While I agreed with many of their positions, in retrospect the anti-Bush movement was poisonous to the level of discourse in this country. At the time, I thought it was healthy for citizens to be vocal and active critics of the powerful. But millions of people, most of them my generational and cultural peers, became accustomed to viewing their political opponents as evil idiots. The battle lines drawn, they are incapable of thinking through a policy issue for themselves, adopting valid ideas from political movements other than their own, or perceiving a debate with a viewpoint uncolored by rank partisanship. Their politics reside at an unfortunate intersection of boring group-think and dangerous, assertive self-righteousness. Moreover, the fanaticism of the anti-Bush movement fueled the emotional, messianic campaign of Barack Obama, whose Presidency has wiped out any remaining impulse to be critical of power.”
Is Pelosi a war criminal?: “House Speaker Nancy Pelosi — then the ranking Democrat on the House Permanent Select Committee on Intelligence — was briefed on CIA interrogation techniques including waterboarding when they were begun in 2002. She was among the ‘Big Eight’ present at the briefings — the Senate and House leaders and chairmen and ranking members on both intelligence committees. … what if Pelosi and the other Democrats had objected? [US Sen. Kit Bond (R-MO)] told me in a Friday interview that, ‘We know that when we object to planned activities by the CIA, they don’t do it.’”
Continuing attacks on the Georgian leadership: "The already embattled Georgian President Mikheil ‘Misha’ Saakashvili’s ill-fortunes don’t seem to be improving. In late March, Der Spiegel published a damning account of the yet-unreleased findings of the EU inquiry into the brief August war between Georgia and Russia. In short, the article places blame for the conflict most heavily upon the Georgian leadership, particularly Saakashvili. Paired with the PR blow of the New York Times‘ open questioning of the Georgian account in early November, there is a shifting consensus of the narrative. However, like the Times article, the circumstances of the Spiegel piece provide context for doubt and showcases more framed innuendo than evidence.”
Washington to regulate your bake sale: “Informal production and distribution, from small farms and homes, were once not only common, but the backbone of everyday life. Today, there’s a revival of much of this, as people begin to realize that corporate practices have increasingly relied upon putting additives in foods and plastics in other products. I have sad news for locavores and other health food fans hoping to buck the trend of corporate practice: H.R. 875, the Food Safety Modernization Act of 2009. This new bill, now worming its way through the corridors of Capitol Hill, would require anyone who stores or sells any food products to any third party to register with the federal government and keep extensive records about every product bought, produced, modified, or sold.”
For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena
List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here
****************************
The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)
****************************
Consider this statement: "School bullies are inadequate people who endeavour to compensate for their own inadequacies by attacking vulnerable fellow-students".
Is there anything wrong with that statement? I don't think there is. But whether it is right or wrong, note what it does. It explains bullying by referring to two things: The characteristics of the bully ("inadequate") and the characteristics of the victim ("vulnerable"). And the entire social science discipline of Victimology does that. It sees victimization as an interaction between the characteristics of the victim and characteristics of the victimizer. And, being myself a social scientist I tend to look at human relations generally that way: as an interaction between different parties in different positions.
But here come the tricky bit: I do that when I speak of Jews too. I am the madman who thinks I am entitled to treat Jews like any other group and expect them to have both strengths and weaknesses. And you will see that I do that even in my side column. On the one hand I speak of Jews as being "the best we've got" and on the other I describe Jews in general as being politically stupid. And when I look at why Jews are persecuted and hated, I take into account vulnerabilities in Jews that might be one side of the explanation for the phenomenon. I think there is no doubt that doing that is good social science but it is of course politically perilous.
Which is where Punditarian comes in. He and I have engaged in dialogue about Jews several times and it has always been a civil and enjoyable exploration of the facts. He is himself one of the NY Ashkenazim so he does well to talk civilly with someone who tends to put him on the defensive. Jews are used to ignorant criticism but fact-based criticism from Goyim is normally beyond their experience. Jewish criticism of one-another is however a torrent. One only has to read the Israeli press to see that. Israelis who do their best to undermine Israel are appallingly common.
I recently put up a post about the role of high drive in both Jewish success and antagonism twoards Jews and Punditarian has just responded to that. I reproduce his comment:
"You are making a very old mistake, of seeking in some feature of the Jew the reasons for his persecution. Jew-hatred comes first, however, and the reasons the Jew-haters give come after.
While it may be true that the Ashkenazi Jews are a couple of standard-deviations [actually about half a standard deviation -- JR] more intelligent than the populations surrounding them, and that they may have an energy or drive that the surrounding populations seem to have lost, the Mizrachi or Eastern Jews in the Arab and Muslim countries were hated by the people around them, despite the fact that they don't test out with such substantially higher IQ results, and were not more prominent in their countries than other members of the middle and merchant classes.
I think my preamble about bullying etc. has adequately answered his first point so I will go straight to his point about the Mizrahim. He is quite right in saying that in IQ and in other characteristics the Mizrahim are not readily distinguishable from the Muslims among who they resided for many centuries. He is also right that they were oppressed by the Muslims. But were they any more oppressed than were the Christians living in Muslim lands? Not notably as far as I know. Muslims oppressed ALL "infidels". Mohammed during his early conquests did slaughter Jewish communities whom he thought stood in the way of his plans so The Koran in fact offered ample warrant for a holocaust against the Jews. But there was no holocaust. So I think that what Mizrahi Jews suffered was because they were kuffars (non-Muslims), not because they were Jews as such.
So I think the experience of the Mizrahim is quite dissimilar to the experience of the Ashkenazim and leaves the fate of the Ashkenazim in need of an explanation which considers just them and their experience. And I try to do that.
I might add that I do NOT go along with the story of a "golden age" for the Jews under the Moorish (Muslim) rulers of Spain. The Moors discriminated against Jews as much as did other Muslims. The grain of truth in the myth is that the Muslims were at least better than the Catholics -- who expelled all Jews from Spain once they had conquered the Moors.
It is always tempting to see deep similarities where there are only superficial similarities. In 1290 a Catholic King of England -- Edward I -- expelled all Jews from England too. That seems like pretty good comparability with Spain but it is not. The Spanish expulsion was motivated by religious fanaticism whereas Edward was mainly aiming at dodging his debts. The superficial similarity is there but the explanation is different.
********************
ELSEWHERE
Evening Newscasts Have Covered Obama More Than Bush & Clinton Combined: "The nonpartisan research group Center for Media and Public Affairs along with California's Chapman University released a study that found the nightly newscasts devoted 27 hours, 44 minutes to Pres. Obama's presidency in his first 50 days. That compares to 7 hours, 42 minutes for Pres. George W. Bush and 15 hours, 2 minutes for Pres. Bill Clinton during the first 50 days of their first terms. Not only has Obama gotten more coverage, but that coverage has been more positive than his predecessors. On the ABC, CBS, and NBC evening newscasts, 58% of all evaluations of the president and his policies have been favorable, while 42% were unfavorable. That compares with 33% positive in the comparable period of Bush's tenure and 44% positive for Pres. Clinton. CBS led the coverage with 365 stories and 10 hours 46 minutes of airtime, followed by NBC with 327 stories and 9 hours 38 minutes, and ABC with 329 stories and 7 hours 20 minutes. But Fox News stands apart from its competitors here - only 13% of comments were considered favorable. On ABC, 57% of the comments were favorable, compared to 58% for CBS and 61% for NBC.
Taxachusetts still in business: "House Speaker Robert A. DeLeo today plans to push a 1.25 percent sales tax increase, which would bring the state’s 5 percent sales tax to 6.25 percent, and bring in an estimated $900 million in new revenue. He wants to dedicate about $275 million to transportation — a maneuver designed to avoid increasing the state’s gas tax, as Governor Deval Patrick has proposed, according to a State House source briefed on the plan and a briefing document obtained by the Globe. Patrick has proposed a 19-cent increase in the gas tax, which would raise nearly double the amount for transportation that DeLeo’s plan would. DeLeo also wants to dedicate $200 million to restoring cuts in local aid.”
DC: Driveways now a no parking zone: “Beverly Anderson is mad as hell. She just started to get tickets for parking in her own driveway. That’s right. The District of Columbia is ticketing people who park their cars in their own driveways. ‘This is clearly an attempt by the city to extort money out of property owners,’ Anderson tells WTOP. Anderson has received two of the $20 tickets in the past month. Anderson has owned the Capitol Hill house (and the driveway, so she thought) for more than ten years and has never gotten a ticket. And she’s not alone. It seems Congresswoman Eleanor Holmes Norton has also been breaking the law in the eyes of the D.C. Department of Public Works.”
The victory of the emotions: “While I agreed with many of their positions, in retrospect the anti-Bush movement was poisonous to the level of discourse in this country. At the time, I thought it was healthy for citizens to be vocal and active critics of the powerful. But millions of people, most of them my generational and cultural peers, became accustomed to viewing their political opponents as evil idiots. The battle lines drawn, they are incapable of thinking through a policy issue for themselves, adopting valid ideas from political movements other than their own, or perceiving a debate with a viewpoint uncolored by rank partisanship. Their politics reside at an unfortunate intersection of boring group-think and dangerous, assertive self-righteousness. Moreover, the fanaticism of the anti-Bush movement fueled the emotional, messianic campaign of Barack Obama, whose Presidency has wiped out any remaining impulse to be critical of power.”
Is Pelosi a war criminal?: “House Speaker Nancy Pelosi — then the ranking Democrat on the House Permanent Select Committee on Intelligence — was briefed on CIA interrogation techniques including waterboarding when they were begun in 2002. She was among the ‘Big Eight’ present at the briefings — the Senate and House leaders and chairmen and ranking members on both intelligence committees. … what if Pelosi and the other Democrats had objected? [US Sen. Kit Bond (R-MO)] told me in a Friday interview that, ‘We know that when we object to planned activities by the CIA, they don’t do it.’”
Continuing attacks on the Georgian leadership: "The already embattled Georgian President Mikheil ‘Misha’ Saakashvili’s ill-fortunes don’t seem to be improving. In late March, Der Spiegel published a damning account of the yet-unreleased findings of the EU inquiry into the brief August war between Georgia and Russia. In short, the article places blame for the conflict most heavily upon the Georgian leadership, particularly Saakashvili. Paired with the PR blow of the New York Times‘ open questioning of the Georgian account in early November, there is a shifting consensus of the narrative. However, like the Times article, the circumstances of the Spiegel piece provide context for doubt and showcases more framed innuendo than evidence.”
Washington to regulate your bake sale: “Informal production and distribution, from small farms and homes, were once not only common, but the backbone of everyday life. Today, there’s a revival of much of this, as people begin to realize that corporate practices have increasingly relied upon putting additives in foods and plastics in other products. I have sad news for locavores and other health food fans hoping to buck the trend of corporate practice: H.R. 875, the Food Safety Modernization Act of 2009. This new bill, now worming its way through the corridors of Capitol Hill, would require anyone who stores or sells any food products to any third party to register with the federal government and keep extensive records about every product bought, produced, modified, or sold.”
For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena
List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here
****************************
The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)
****************************
Tuesday, April 28, 2009
Milton Friedman co-worker Anna Schwartz on the present financial problems
Yet isn't Bernanke a disciple of Friedman and Schwartz? He publicly refers to them as mentors, and, thanks to their scientific breakthrough, he has famously declared that "the Great Depression will not happen again." Bernanke is right about the past, Schwartz says, "but he is fighting the wrong war today; the present crisis has nothing to do with a lack of liquidity." President Obama's stimulus is similarly irrelevant, she believes, since the crisis also has nothing to do with a lack of demand or investment. The credit crunch, which is the recession's actual cause, comes only from a lack of trust, argues Schwartz. Lenders aren't lending because they don't know who is solvent, and they can't know who is solvent because portfolios remain full of mortgage-backed securities and other toxic assets.
To rekindle the credit market, the banks must get rid of those toxic assets. That's why Schwartz supported, in principle, the Bush administration's first proposal for responding to the crisis--to buy bad assets from banks--though not, she emphasizes, while pricing those assets so generously as to prop up failed institutions. The administration abandoned its plan when it appeared too complicated to price the assets. Bernanke and then-Treasury secretary Henry Paulson subsequently shifted to recapitalizing the banks directly. "Doing so is shifting from trying to save the banking system to trying to save bankers, which is not the same thing," Schwartz says. "Ultimately, though, firms that made wrong decisions should fail. The market works better when wrong decisions are punished and good decisions make you rich." She's more sympathetic to Treasury secretary Timothy Geithner's plan, unveiled in March, to give private investors money to help them buy the toxic assets, but wonders if the Obama administration will continue to support the plan if the assets' prices turn out to be so low, once investors start bidding for them, that they threaten the banks.
What about "systemic risk"--much heard about these days to justify the government's massive intervention in the economy in recent months? Schwartz considers this an excuse for bankers to save their skins after making so many bad decisions. "The worst thing for a government to do, though, is to act without principles, to make ad hoc decisions, to do something one day and another thing tomorrow," she says. The market will respond positively only after the government begins to follow a steady, predictable course. To prove her point, Schwartz points out that nothing the government has done to date has really thawed credit.
Schwartz indicts Bernanke for fighting the wrong war. Could one turn the same accusation against her? Should we worry about inflation when some believe deflation to be the real enemy? "The risk of deflation is very much exaggerated," she answers. Inflation seems to her "unavoidable": the Federal Reserve is creating money with little restraint, while Treasury expenditures remain far in excess of revenue. The inflation spigot is thus wide open. To beat the coming inflation, a "new Paul Volcker will be needed at the head of the Federal Reserve."
Who listens to her these days? "I'm not a media person," she tells me. She rarely grants interviews, which distract her from her current research: a survey of government intervention in setting foreign exchange rates between 1962 and 1985. Never before have these data been combined to show what works and what doesn't. In her nineties, she remains a trendsetter.
More HERE
*********************
Bullets meant for bankers could kill the British welfare state
Note: "The City" is shorthand for London's financial services district. But it is the people there, not the geography, that matters and Britain's new higher taxes seem set to drive many of them abroad
My first reaction to Wednesday’s Budget was to focus on the increase in the top tax rate, rather than the explosion in public borrowing that horrified other commentators. On examining the Budget documents in greater detail, I am more confident than ever that the tax rise was Alistair Darling’s biggest blunder; but I have to concede that some other decisions and numbers hidden in the small print were far worse than I first thought....
The eye-catching measure in this respect was the increase to 50 per cent in the top tax rate, but there were several equally damaging changes, mostly relating to pensions, in the fine print. In terms of Treasury revenues, these reforms are likely to be self-defeating, or at best, utterly futile.
According to the Institute for Fiscal Studies, behavioural changes, such as changes in work patterns, relocations abroad and conversion of wages into corporate profits or capital gains, will mean that the Treasury raises much less than the £2 billion of revenue predicted. And even in the unlikely event that Mr Darling’s pre-election tax gesture did manage to raise the odd billion, these sums would be far too small to have any impact on public borrowing projections running at £150 billion to £200 billion a year...
Hopes of the quick improvement in UK economic conditions assumed by Treasury forecasts rely more than ever on maintaining the City’s role as the dominant centre of global financial and business services and on reviving the top end of the housing market. The Budget Red Book says the financial sector provided 25 per cent of the £47 billion in Britain’s total corporation tax before the recession, plus a “significant” proportion of income tax and national insurance receipts....
Yet the Budget tax measures seem deliberately designed to ensure that Britain’s financial and business service sectors never return to the global dominance they enjoyed... That, in turn, means that the growth of government revenues and the solvency of the British welfare state will depend largely on what happens to the international competitiveness of the financial sector. The logic of the Budget is simple: those who want to punish the bankers could end up destroying the welfare state.
More HERE
************************
Suspicions of staggering corruption surround GE’s CEO Jeffrey Immelt
O’Reilly: “Will GE get paid for supporting President Obama? GE, which owns MSNBC, has been very aggressive in helping Barack Obama.
O’Reilly: “There is also emerging evidence that GE CEO, Jeffrey Immelt, and NBC News Chief Jeff Zucker, told CNBC personnel to stop criticizing Obama’s economic policies. Now, that would be a major breach of journalistic ethics. In fact, Obama critic Rick Santelli was reported to have said that he was sent to a “Re-education camp” by NBC. “
An O’Reilly Factor producer and GE stockholder, Jesse Watters, asked GE CEO Jeffrey Immelt the following question at a stockholders’ meeting in Florida: “Last week on MSNBC, Janeane Garofalo, said that Americans who attended tea parties and were protesting high taxes and government spending were racist rednecks. She was not challenged by the anchor on MSNBC. Are you okay with that? And do you consider this a form of hate speech sir?”
Immelt’s response: “Again, we have not censored MSNBC. Again, my own personal beliefs aside, I believe that MSNBC has some standards that they follow and that’s what you are seeing.
Watters: With all due respect, this is the kind of hate that MSNBC traffics in on a regular basis. Are you comfortable with this and do you think this hurts the GE brand?
Immelt: I don’t censor what they do or what they say despite the fact that I might disagree with some of it or much of it, some of the time.
O’Reilly: “Most CEOs would have stopped NBC’s corruption a long time ago. But Immelt may be looking for a major payout. When a powerful corporation which controls a major part of the American media may be using its power and the airwaves to influence politics in order to make money from government contracts - That kind of corruption would make Watergate look small.”
TDC asks: Why would GE CEO Immelt put his own beliefs aside when GE owns MSNBC? He wouldn’t. However, he would choose to do nothing about this hate speech if he is trying to get into Obama’s good graces.
SOURCE
**************************
ELSEWHERE
Drugs in Portugal: A decriminalization success story: “Pop quiz: Which European country has the most liberal drug laws? (Hint: It’s not the Netherlands.) Although its capital is notorious among stoners and college kids for marijuana haze–filled ‘coffee shops,’ Holland has never actually legalized cannabis — the Dutch simply don’t enforce their laws against the shops. The correct answer is Portugal, which in 2001 became the first European country to officially abolish all criminal penalties for personal possession of drugs, including marijuana, cocaine, heroin and methamphetamine. At the recommendation of a national commission charged with addressing Portugal’s drug problem, jail time was replaced with the offer of therapy. The argument was that the fear of prison drives addicts underground and that incarceration is more expensive than treatment — so why not give drug addicts health services instead?”
Credit card folly: “By mandating that the credit card companies lower their fees, the government will severely hinder their tenuous profitability. In order to avoid bankruptcy, the companies will have to deny credit to marginal borrowers, which would reverse the ‘easy access’ policies that have defined the industry over the last generation.”
Strange idea in Nevada: "On a party-line vote, the Democrat-dominated Nevada Assembly on Tuesday backed a bill designed to neuter the 538-member Electoral College, guaranteeing the presidential candidate who wins the national popular plurality will always be declared president.The purpose of Assembly Bill 413 is to see to it that Nevada’s five electoral votes go to the presidential candidate who wins the most popular votes nationwide, regardless of which candidates carries the majority of Nevadans."
There is a new lot of postings by Chris Brand just up -- on his usual vastly "incorrect" themes of race, genes, IQ etc.
For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena
List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here
****************************
The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)
****************************
Yet isn't Bernanke a disciple of Friedman and Schwartz? He publicly refers to them as mentors, and, thanks to their scientific breakthrough, he has famously declared that "the Great Depression will not happen again." Bernanke is right about the past, Schwartz says, "but he is fighting the wrong war today; the present crisis has nothing to do with a lack of liquidity." President Obama's stimulus is similarly irrelevant, she believes, since the crisis also has nothing to do with a lack of demand or investment. The credit crunch, which is the recession's actual cause, comes only from a lack of trust, argues Schwartz. Lenders aren't lending because they don't know who is solvent, and they can't know who is solvent because portfolios remain full of mortgage-backed securities and other toxic assets.
To rekindle the credit market, the banks must get rid of those toxic assets. That's why Schwartz supported, in principle, the Bush administration's first proposal for responding to the crisis--to buy bad assets from banks--though not, she emphasizes, while pricing those assets so generously as to prop up failed institutions. The administration abandoned its plan when it appeared too complicated to price the assets. Bernanke and then-Treasury secretary Henry Paulson subsequently shifted to recapitalizing the banks directly. "Doing so is shifting from trying to save the banking system to trying to save bankers, which is not the same thing," Schwartz says. "Ultimately, though, firms that made wrong decisions should fail. The market works better when wrong decisions are punished and good decisions make you rich." She's more sympathetic to Treasury secretary Timothy Geithner's plan, unveiled in March, to give private investors money to help them buy the toxic assets, but wonders if the Obama administration will continue to support the plan if the assets' prices turn out to be so low, once investors start bidding for them, that they threaten the banks.
What about "systemic risk"--much heard about these days to justify the government's massive intervention in the economy in recent months? Schwartz considers this an excuse for bankers to save their skins after making so many bad decisions. "The worst thing for a government to do, though, is to act without principles, to make ad hoc decisions, to do something one day and another thing tomorrow," she says. The market will respond positively only after the government begins to follow a steady, predictable course. To prove her point, Schwartz points out that nothing the government has done to date has really thawed credit.
Schwartz indicts Bernanke for fighting the wrong war. Could one turn the same accusation against her? Should we worry about inflation when some believe deflation to be the real enemy? "The risk of deflation is very much exaggerated," she answers. Inflation seems to her "unavoidable": the Federal Reserve is creating money with little restraint, while Treasury expenditures remain far in excess of revenue. The inflation spigot is thus wide open. To beat the coming inflation, a "new Paul Volcker will be needed at the head of the Federal Reserve."
Who listens to her these days? "I'm not a media person," she tells me. She rarely grants interviews, which distract her from her current research: a survey of government intervention in setting foreign exchange rates between 1962 and 1985. Never before have these data been combined to show what works and what doesn't. In her nineties, she remains a trendsetter.
More HERE
*********************
Bullets meant for bankers could kill the British welfare state
Note: "The City" is shorthand for London's financial services district. But it is the people there, not the geography, that matters and Britain's new higher taxes seem set to drive many of them abroad
My first reaction to Wednesday’s Budget was to focus on the increase in the top tax rate, rather than the explosion in public borrowing that horrified other commentators. On examining the Budget documents in greater detail, I am more confident than ever that the tax rise was Alistair Darling’s biggest blunder; but I have to concede that some other decisions and numbers hidden in the small print were far worse than I first thought....
The eye-catching measure in this respect was the increase to 50 per cent in the top tax rate, but there were several equally damaging changes, mostly relating to pensions, in the fine print. In terms of Treasury revenues, these reforms are likely to be self-defeating, or at best, utterly futile.
According to the Institute for Fiscal Studies, behavioural changes, such as changes in work patterns, relocations abroad and conversion of wages into corporate profits or capital gains, will mean that the Treasury raises much less than the £2 billion of revenue predicted. And even in the unlikely event that Mr Darling’s pre-election tax gesture did manage to raise the odd billion, these sums would be far too small to have any impact on public borrowing projections running at £150 billion to £200 billion a year...
Hopes of the quick improvement in UK economic conditions assumed by Treasury forecasts rely more than ever on maintaining the City’s role as the dominant centre of global financial and business services and on reviving the top end of the housing market. The Budget Red Book says the financial sector provided 25 per cent of the £47 billion in Britain’s total corporation tax before the recession, plus a “significant” proportion of income tax and national insurance receipts....
Yet the Budget tax measures seem deliberately designed to ensure that Britain’s financial and business service sectors never return to the global dominance they enjoyed... That, in turn, means that the growth of government revenues and the solvency of the British welfare state will depend largely on what happens to the international competitiveness of the financial sector. The logic of the Budget is simple: those who want to punish the bankers could end up destroying the welfare state.
More HERE
************************
Suspicions of staggering corruption surround GE’s CEO Jeffrey Immelt
O’Reilly: “Will GE get paid for supporting President Obama? GE, which owns MSNBC, has been very aggressive in helping Barack Obama.
O’Reilly: “There is also emerging evidence that GE CEO, Jeffrey Immelt, and NBC News Chief Jeff Zucker, told CNBC personnel to stop criticizing Obama’s economic policies. Now, that would be a major breach of journalistic ethics. In fact, Obama critic Rick Santelli was reported to have said that he was sent to a “Re-education camp” by NBC. “
An O’Reilly Factor producer and GE stockholder, Jesse Watters, asked GE CEO Jeffrey Immelt the following question at a stockholders’ meeting in Florida: “Last week on MSNBC, Janeane Garofalo, said that Americans who attended tea parties and were protesting high taxes and government spending were racist rednecks. She was not challenged by the anchor on MSNBC. Are you okay with that? And do you consider this a form of hate speech sir?”
Immelt’s response: “Again, we have not censored MSNBC. Again, my own personal beliefs aside, I believe that MSNBC has some standards that they follow and that’s what you are seeing.
Watters: With all due respect, this is the kind of hate that MSNBC traffics in on a regular basis. Are you comfortable with this and do you think this hurts the GE brand?
Immelt: I don’t censor what they do or what they say despite the fact that I might disagree with some of it or much of it, some of the time.
O’Reilly: “Most CEOs would have stopped NBC’s corruption a long time ago. But Immelt may be looking for a major payout. When a powerful corporation which controls a major part of the American media may be using its power and the airwaves to influence politics in order to make money from government contracts - That kind of corruption would make Watergate look small.”
TDC asks: Why would GE CEO Immelt put his own beliefs aside when GE owns MSNBC? He wouldn’t. However, he would choose to do nothing about this hate speech if he is trying to get into Obama’s good graces.
SOURCE
**************************
ELSEWHERE
Drugs in Portugal: A decriminalization success story: “Pop quiz: Which European country has the most liberal drug laws? (Hint: It’s not the Netherlands.) Although its capital is notorious among stoners and college kids for marijuana haze–filled ‘coffee shops,’ Holland has never actually legalized cannabis — the Dutch simply don’t enforce their laws against the shops. The correct answer is Portugal, which in 2001 became the first European country to officially abolish all criminal penalties for personal possession of drugs, including marijuana, cocaine, heroin and methamphetamine. At the recommendation of a national commission charged with addressing Portugal’s drug problem, jail time was replaced with the offer of therapy. The argument was that the fear of prison drives addicts underground and that incarceration is more expensive than treatment — so why not give drug addicts health services instead?”
Credit card folly: “By mandating that the credit card companies lower their fees, the government will severely hinder their tenuous profitability. In order to avoid bankruptcy, the companies will have to deny credit to marginal borrowers, which would reverse the ‘easy access’ policies that have defined the industry over the last generation.”
Strange idea in Nevada: "On a party-line vote, the Democrat-dominated Nevada Assembly on Tuesday backed a bill designed to neuter the 538-member Electoral College, guaranteeing the presidential candidate who wins the national popular plurality will always be declared president.The purpose of Assembly Bill 413 is to see to it that Nevada’s five electoral votes go to the presidential candidate who wins the most popular votes nationwide, regardless of which candidates carries the majority of Nevadans."
There is a new lot of postings by Chris Brand just up -- on his usual vastly "incorrect" themes of race, genes, IQ etc.
For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena
List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here
****************************
The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)
****************************
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