Archive for the ‘Government Waste’ Category

I imagine that the 1,000 Megawatts of installed windpower in South Australia is one of the big successes touted by the wind power shills in congress and in Dover.

The article that I have linked to below was written by a member of the legislative council in the Australian state of South Australia.  That would be similar to our Delaware House of Representatives.

I guess that they must have been early adopters who have now learned the truth about this.

My recollection regarding one of the main differences between humans and monkeys was that humans were supposed to be able to learn from the mistakes of others without having to repeat them. I am sure that our politicians are smarter than monkeys.

But I am sure that here in the US, they check to make sure that the wind resources are available at the time and season that electricity is needed.  They would not make their friends rich at the public’s expense.

Yes, I am being a bit sarcastic.

Media Releases | The Hon. David Ridgway MLC | Leader of the Opposition in the Legislative Council.


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Virginia is first. None in New Jersey.  Wall Street Journal article last week. Government numbers, so you know its true.

Crazy DE

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The Liberally-leaning Mainstream Media and hand-wringing Republicans are whipping up a frenzy that the President is in a rather powerful position. The following analysis is an interesting take on a different view…

2 (Probably 4) More Years

How did that happen? Americans just re-elected Barack Obama but also gave Republicans an only minimally diminished House majority, thereby ratifying a status quo that hardly anyone finds satisfactory. The answer is that as almost all of the big swing states–North Carolina is the lone exception, with Florida still too close to call–went Democratic in the presidential race, they sent GOP majorities to Congress.

Here’s how the new House delegation breaks down for each swing state with 9 or more electoral votes, with Republicans counted first: Colorado 4-3, Florida 17-9 (with 1 yet uncalled), Michigan 9-5, North Carolina 9-3 (1 uncalled), Ohio 12-4, Pennsylvania 13-5, Virginia 8-3, Wisconsin 5-3.

Add it up, assuming Democrats hold their leads in the uncalled races (including for Florida’s 29 electoral votes), and Obama beat Romney in these eight states 115-15, while Republican House candidates beat Democratic ones 77-37. That’s enough to account for both Obama’s margin of victory and, in all likelihood, the Republican margin in the House.

So, the President’s victory States are the same as the Republican House’s victory States. However, Obama is a lame duck, while every member of the House will need to get re-elected in 2014. So, who has the incentive to cave in? Those facing re-election after promising that they would not raise taxes? Or the one person who is worried about his legacy?

It’s imaginable that Obama, freed from the re-election need to pander to his leftist base, will either tame the House Republicans or learn to work with them the way Bill Clinton did. But there is little in his first term to suggest he has the skill to do the former or the inclination to do the latter. And the history of presidential second terms is not a terribly promising one.

On the other hand, here’s an optimistic take from reader Mark Swanson: “The most powerful man in the country is now Speaker Boehner. He can tell Obama, ‘Meet us halfway, both of us giving up some of what we want and accepting some of what we don’t want. Or face four years of gridlock.’ Boehner holds all the cards because he can live with either outcome, while Obama wants neither. Obama’s desired outcome (also his idea of compromise) is, ‘Give me everything I want, but I’ll accept a slightly slower timetable.’ But he doesn’t want his second term to be four years of nothing, so Boehner has the stronger hand.”

2 (Probably 4) More Years – WSJ.com.

Again, every one of the House Republicans was elected on a platform of no tax increases, lower the rates and broaden the base, and cut federal spending. Every one of these members must face the voters in 2 years in Districts that support the member’s position. The Senate, on the other hand, has not passed a budget in 3 years and is an easy whipping boy for the House Republicans to use. The President is the only one sitting there with a free pass and a legacy at stake.

While I would have preferred a President Romney, the power of the purse still resides with Congress, and we’ve got a strong hand to play.

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The following was in the on-line edition of the Wall Street Journal this evening.

On the same [NY Times] page, Matthew Algeo, author of “The President Is a Sick Man,” describes how severe the weather has become. “On Tuesday, Aug. 22, in the Atlantic Ocean, four hurricanes were swirling simultaneously, an event never before recorded. . . . Wednesday night, one of the hurricanes slammed into New York City. At least 30 people were killed.” Four days later, an even more powerful hurricane killed some 2,000 in and around Savannah, Ga.

What, you don’t remember reading about those storms in the papers? That’s not because reporters are dropping the climate-change ball, but because Algeo is writing history, not news. The hurricanes in question occurred in 1893.

“Grover Cleveland did nothing,” Algeo writes. The 24th president, a Democrat, “opposed government intervention in natural disasters,” which he thought, as he once wrote in a veto message, “encourages the expectation of paternal care on the part of the government and weakens the sturdiness of our national character.” Just like Imaginary Mitt Romney!

But all’s well that ends well. “Into the void stepped Clara Barton, . . . who had founded the American Red Cross 12 years earlier,” Algeo writes. “Her heroic work, especially in the South, saved countless thousands from disease and starvation.”

Yet even though private charity proved sufficient in the absence of federal action, the history Algeo recounts is an indictment of Cleveland. To see why, connect the dots with the Kristof column. America was already experiencing severe weather in 1893. Yet history records that Stephen Grover Cleveland, despite having been president twice, did nothing to stop global warming.

via We Blame Grover Cleveland – WSJ.com.

Those who do not learn history are doomed to repeat it; the second time as farce.

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This brings us to Al Gore.

Earlier this month the Washington Post’s Carol Leonnig reported that the former vice president’s wealth is today estimated at $100 million, up from less than $2 million when he left government service on a salary of $181,400. How did he make this kind of money? It wasn’t his share of the Nobel Peace Prize. Nor was it the book and movie proceeds from “An Inconvenient Truth.”

Instead, as Ms. Leonnig reports, “Fourteen green-tech firms in which Gore invested received or directly benefited from more than $2.5 billion in loans, grants and tax breaks, part of President Obama’s historic push to seed a U.S. renewable-energy industry with public money.”

That’s nice work if you can get it—at least if you’re on the investment-management end of the deal. But what if you’re on the worker-bee end?

The Post story mentions one of the beneficiaries of Mr. Gore’s investment acumen, Milwaukee-based Johnson Controls, JCI -1.34% which won a $299 million award from the federal government in 2009 to make electric-car batteries. Here’s how that worked out:

“The company has dramatically scaled back, after executives concluded demand for electric cars was far lower than the administration forecast. The factory outfitted with stimulus funds is nearly idle, and plans to build a second plant have been postponed.”

via Stephens: Barack Obama and Other Has-Beens – WSJ.com.

Compare this to:

Johnson Controls Breaks Ground on New Automotive Battery Distribution Center in Delaware

MIDDLETOWN – Johnson Controls, Inc., the world’s largest supplier of automotive batteries, today broke ground on a new 400,000 square-foot distribution center in Middletown, Del. The company is investing more than $75 million in the facility, which will perform the charging, packaging and distribution of automotive batteries for the Northeast region of the United States.

The groundbreaking was attended byGovernor Jack Markell, U.S. Senator Tom Carper, U.S Senator Chris Coons,Delaware Economic Development OfficeSecretary Alan Levin, Middletown Mayor Kenneth Branner and Johnson Controls Vice President and General Manager for the U.S. and Canada Kevin Pasqua and Middletown Plant Manager Rick Thompson. Several other company leaders and state officials joined the celebration.

“Johnson Controls could have relocated elsewhere but decided to stay in Middletown and expand in Delaware,” said Governor Jack Markell. “It’s great to see a business here succeed and be confident that expanding its work will lead to even greater success. This project puts Delawareans to work producing and distributing products for the region. As Johnson Controls moves forward with its expansion, Delaware’s job market moves forward as well.”


Add the $2.06 million received by Johnson Controls to the tens of millions received by Fisker Automotive and Bloom Energy as companies that have received special treatment in Delaware because of their connection to the California Venture firm of Kleiner Perkins, whose leadership consists of Markell donor, John Doerr, and Green-energy profiteer, Al Gore. Oh, and Johnson Controls purchased the remaining assets of A123, the failed battery developer for Fisker Automotive. And the Wall Street Journal article speaks to the success of electric car batteries.

In the Governor’s defense in the case of Johnson Controls, it is an existing company with an existing supply chain, existing expertise, and they received significantly less money. But this payout continues a dangerous trend in Delaware. Send Jack the money, and he gives it to his friends…

Al Gore has profited nicely from the public. Will anyone else?

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There’s an old joke, “The firings will continue until morale improves”, that is told as a form of gallows humor when discussing a company on the ropes. Helicopter Ben has re-written the joke in terms of Fed Policy.

The Fed on Thursday said it would pump $40 billion into the U.S. economy each month until it saw a sustained upturn in the weak jobs market. (Read more: Fed’s ‘QE Infinity’ — Four Things That Could Go Wrong)

via US Credit Rating Cut by Egan-Jones … Again – US  Business News – CNBC.

After pumping two million million (a trillion is a million million, I like to write it this way, periodically, to remind myself what a huge number a trillion really is.) into the economy and getting scant return, he’s at it again. Kind of reminds me of another classic phrase: The definition of insanity is doing the same thing over and over again while expecting a different result.

Mr. Chairman. The problems that our economy faces are not monetary. They are fiscal and governmental policy-based. You have fouled up the market so badly that no one knows what the actual price of risky assets are anymore. Get out of the way, and let the folks in Washington flop around until they develop the right mix of legislators to simplify the tax code, reduce regulatory burdens, and re-establish the gold standard.

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Children used to have aspirations to achieve greatness in the private sector. But what are they learning now? Visit: http://www.CronyChronicles.org

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