Wednesday, July 29, 2009

Still Center Right Country

You might have heard from the chattering class that the election of Obama marks a shift in the country wide political spectrum. I disagree. Here is some proof.
1. Culture of Corruption Culture of Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies
3. Glenn Beck's Common Sense: The Case Against an Out-of-Control Government, Inspired by Thomas Paine
7. Liberty and Tyranny Liberty and Tyranny: A Conservative ManifestoCatastrophe Catastrophe
20. Heaven and Earth Heaven and Earth: Global Warming, the Missing Science

Not a scientific survey I know, but probably more accurate than any phone survey. People are putting their money where there mouth is....
It's interesting to note that all those books are on the rise.

Thursday, July 16, 2009

Good new everyone...the Stimulus wasn't meant to "Stimulate."

Turns out the $787 billion “American Recovery and Reinvestment Act” (AARA) was not designed for full economic recovery, but rather to “stabilize” the downturn. That’s the word from White House officials today, who held off-camera briefings with reporters on how the AARA is working so far.

“This legislation was designed to cushion the downturn,” said White House Press Secretary Robert Gibbs. “That’s why we have always talked about this as one function of economic recovery.”

When pressed about the change in terminology, Gibbs said he was not trying to temper expectations after the fact. “I can probably find 15 or 20 occasions when I said this in the lead up,” Gibbs said, explaining that he had always defined the AARA as part of a “multi-legged stool.”

Thursday, July 9, 2009

If we don't pass Cap and Trade we will all DIE!!!

Meanwhile Canada issues a frost JULY!!!!

Environment Canada has issued a frost risk warning in low-lying areas of the province for Wednesday night. The temperature is expected to dip to 4 C.

Wednesday, July 8, 2009

Bootleggers and Baptists - FDA and Waxman

Via Econlog:
To save money for consumers, Waxman is willing to allow certain drugs, called biologic drugs, to enter the market without clinical testing that proves their efficacy. He realizes that requiring clinical testing for efficacy will slow things down and needlessly keep important drugs out of the hands of suffering patients.

Sound nice, but you know Waxman has some other motive.

Bruce Yandle of Clemson University has a theory called Bootleggers and Baptists. You can read and hear him talk about it at Econtalk.
Simply put, it goes that government regulations usually are lobbied by two different groups with two different motivations.
The baptists are the moralists. They do what they do with the air of moral high ground. Yandle uses the metaphor of Baptists trying to ban liquor sales on Sunday. The Baptists faith in the Bible and the belief that alcohol is evil, feel that they are doing society a favour.
The bootleggers are the exploiters. They do what they do because there is money to be made. The bootleggers lobby for the Sunday liquor ban because they can then sell liquor on Sundays via Black Market.
Politics make strange befellows.
Anyway back to Waxman. So my question is who are the bootleggers here?

It's obvious, at least to me, that the Baptists are they ones wanting lower cost drugs, which no FDA testing will surely do. Yet, we all know, no politician will do anything altruistic without a money man greasing his wheels.

So who is greasing Waxman's wheels?

I'm lazy right now, but does anyone know where you can get the info to see which Pharm companies have a new "biologic drug" coming out and just gave Waxman a campaign contribution?