Saturday, January 2, 2016
Proportion your enthusiasm to the evidence.
Another Victory In The War On Darwin's Rejects: A doofus who was too mentally incompetent even to find the local Walmart (the FBI agent provocateur drove him there and told him what to buy) has been arrested for planning
have a hamburger
an ISIS attack in Rochester. In an unwarranted
panic attack, the New Year's fireworks in Rochester were canceled.
Quoted: "It's always comforting when a scientist uses the words "absolutely terrifying."
Because Freedom: If someone back in 1995 had told you that in order to fly home for Christmas you and your kids would have to line up like sheep in a slaughter chute to be groped intimately by strangers and have to carry a passport in order to enjoy the indignity, you'd have been incredulous. But there you were last week, meekly lining up to be humiliated. But you didn't need a passport nor a note from Big Brother. Starting in January a lot of you will need passports while the note from Big Brother will come soon if we do not refuse - just leave the passport at home. If we do it en mass, by the tens of thousands, how much revenue loss do you think it would take for the airlines to change Homeland Security's mind? Communism fell and the Berlin Wall came down when the people simply stopped obeying the secret police. Remember - hundreds of millions patted down, not one terrorist nabbed. And quite a few weapons missed, too.
New Beginnings: From the 1990's to 2012, America's overlords (the 400 wealthiest taxpayers) saw their tax rate fall from 26.4% to a measly 16.7%. It has now edged back to 22.9%. Hold the kleenex.
Heart To Heart: Examinations of preserved pre-modern people's bodies indicate that the modern scourge of heart disease and atherosclerosis is not modern after all. Rather, irrespective of the diet or culture, our ancestors - all of whom ate less fat than we do and no high fructose corn syrup and who certainly got a lot more exercise than I do - "suffered striking levels of heart disease and atherosclerosis. ... The amount of atherosclerosis in ancient times isn’t much different from what you see in modern times. If you account for age, it looks like we’re in the same ballpark.” But just in case, eat lean and get off the couch.
Noted: 2015 was the first pre-election year since the Great Depression that the stock market ended down for the year.
It's Your Fault: Why haven't you been out spending all the money that $2 gasoline is saving you? According to conventional wisdom (ie mainstream economic guessers) the problem is that you are saving more. No, really, they say things like that. Actually, if you had anything at all to save, that would be 'more'. Actual spending data suggests people are spending pretty much what people spend - a bit more than they earn. Thus the explanation for the persistent weak GDP growth in the US must be found elsewhere. Maybe it's the trade deficit, which increased 23.3% Y/Y. That's enough to drop a percentage point off 2015's GDP, which was pretty puny to begin with. But supporters of the TPP ignore the trade deficit and its impact on growth and jobs, and blame the consumer for not spending enough. Because trade is good. Trade is good. Repeat after me: Trade is good. Don't look at the jobs. Don't look at wages. Trade is good.
Porn O'Graph: Fair's fairer.
The Parting Shot:
Posted by Charles Kingsley Michaelson, III at 6:52 AM