Friday Feed Bag

This has been one of those weeks that you get to Friday and you really wish it were Saturday already.  Between Obambarrasment at the United Nations to the GOP "debate," from the Solyndra scandal that would have brought impeachment charges to a Republican president to yet another Congressional CR to keep the government moving it's been exhausting.  All this going on with the back drop of Europe crumbling and the stock market cratering...oh, and did I mention that a satellite might fall out of the sky?

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But don't worry - if the satellite does fall and do damage to you, you can rely on America's lawyers to help!  Ever wonder how a case gets to the Supreme Court? Take a look:

I've just about finished my stack of articles relating to the tenth year anniversary of 9/11.  I know I mentioned one in last week's Feed Bag, allow me to present two more to you.  The first is from il miglior fabro, Victor Davis Hanson: The Ripples of 9/11.  His wrap up paragraph is like a good Scotch, just swirl it around and sniff:

The common denominator in these ten years? American life under its hypercritical, volatile, and mercurial democracy proves resilient; the Islamic terrorists and their authoritarian sponsors who would destroy it do not. And even after a decade of acrimony, partisan rancor, and stasis, Americans continue to be horrified—and angry—over those who were murdered on September 11. We’ve done our best for ten years to ensure that it cannot happen again.

Makes you feel a teensy bit better in this madcap time, doesn't it?  

OK, stop that feeling right now and read this piece: The Fruits of the Philosophy of Self-Abnegation.  The central theme of this piece we have discussed often on these pages:

Intellectually, we have refused to face the fact that we are at war and should act to end it quickly. Morally, we have denied all principles except one: moral goodness means self-sacrifice. Psychologically, we lack confidence in our efficacy, and have murdered our self-esteem by leaping into the quicksand of sacrifice. Politically, we are at perpetual war, because to win decisively would be an act of self-interest—and that is the one action we dare not take.

Finally, to round out your weekend reading, you really should put this in your "stack of stuff:" "Nathan Glazer's Warning."  As a real estate practitioner, I see a lot of effort to practice sociology by site planning.  Mr. Glazer warned us a long time ago where the road of best intentions heads.

Have a great weekend...don't forget your aluminum foil hats to protect yourself from the satellite!

Rumble on!

Dear World, We're Sorry

As a child of America's Diplomatic Corps, seeing stuff like this sends me through the roof:

Who wants Obama to be re-elected?

This is the "Open Government Conference" at the UN yesterday.  How is it that every other pol there knows to keep their hands down.  That is the Mongolian Prime Minister behind Alfred E. Neuman's hand.  The complete lack of situational awareness on this man's part is truly frightening.  How is it that someone who is sooooo goshdarned smart can't grasp the basics?

Just add this to the long and glorious string of diplomatic gaffes this dolt has committed, from bowing to every foreign leader in the world to giving iPods full of his own speeches to the Queen of England.  Please November, 2012, come quickly.

Obama of York

So, Obama proposes $1.5 trillion in new taxes - certainly reminds me of this great skit from the old days of SNL:



Just what the economy needs right now - a little more blood letting!

Friday Feed Bag

I've been busy these past few weeks, but have been keeping up with my reading and via Twitter, trying to keep you abreast of important events too - please hit the "follow" button over there to keep yourself up to speed.  Anyhow, after a two week absence, here is the latest edition of the "Friday Feed Bag:"

Like many of you I spent part of this past Sunday reflecting on where we have come in a decade since the Twin Towers fell.  I was actually flying back Sunday morning and was in the terminal at BWI at 8:46 when they requested a moment of silence in honor of the victims of 9/11.  I was sipping a cup of coffee, waiting for my flight and reading an excellent piece over at the City Journal titled "The Vanished Skyline."

On my last trip to New York, I was impressed by the progress on the new WTC Tower, and the developer, Larry Silverstein, deserves enormous credit for his patience.  But we need to be honest and realize what was lost and cannot be replaced.  I remember being on the roof of Tower 1 in 1984 and feeling how the building actually swayed in the wind.  This graceful and powerful building symbolized and her sister symbolized American presence, stability and power.  On a recent documentary about the building of the new WTC tower, I heard the architect describe how the reflective surfaces of the building would make the building appear to look like the original towers when approached from different angles.  Neat?  You bet...but it's an optical illusion.  I pray that our country hasn't become an optical illusion for what it once was.

The always insightful Joel Kotkin has a masterful analysis of the Obama administration titled "The Crisis of the Gentry Presidency." For all the accusations made at the Republicans for being slaves of the well-heeled, they are chumps compared to the circles that Obama swims in.  The emerging scandal behind the Solyndra funding is Exhibit A for Kotkin's theory.

Hat tip American Thinker

I had Rush on in the background a bit ago and the discussion about Obama's narcissism reminded me to go back and dig up this article I had saved in my "Read it Later" file: "Barack Obama's Emotional State  of Mind."  Here's a pull from the column:

As Mr. Obama is increasingly overwhelmed by events, as he and his presidency shrink before our eyes, his worst tendencies are being exacerbated, his narcissism further exposed, his anger at an unaccommodating world more pronounced. A man of supreme self-regard is watching things crumble before his eyes. He is obviously not well equipped to process any of this. It is enough for one to feel, if only for a moment, some pity for Mr. Obama.

Gagging through, err watching Obama's speech to the joint session of the House and Senate last week to announce his latest fantasy about job creation, I reached the conclusion that he has reached Jimmy Carter status - no one listens or cares, they just want him to go away.  Stephen Moore over at the Wall Street Journal chronicles the promises and the lack of delivery in a fine piece this morning: "The Obama Promise Then and Now."

Hey, speaking of Solyndra and the abuse of taxpayers, take a look at this outrage:

The rest of us are just trying to move along, but it ain't easy.  Remember the old "Misery Index" from the Jimmuh Carter days?  It's baaack!  Investor's Business Daily has a succinct piece this morning: "Living Miserably."Here's the graphic if you aren't miserable enough already:

OK, no fair for me to leave you for the weekend in a foul mood - be of good cheer:



Have a great weekend!
Rumble on!

Still NOT Shovel Ready

Chinese high-speed rail crash site.

Where oh where did the money go?  As Investor's Business Daily points out today in a piece titled "5 Myths Behind Obama's Infrastructure," we were supposed to spend $809 Billion in 2009 on "infrastructure projects..."  that was going to save the economy.  It was going to create "400,000 jobs."  Instead, the number of workers in that sector fell dramatically.  Now the figure is $50 Billion more that Obama wants to add and for what?  To build high-speed rail so we can be more like China?  As the image at the right illustrates, top down mandates of construction projects don't turn out so well.

Yes, the Eisenhower Interstate system was an incredible investment - but remember - it was primarily done for military purposes.  During World War II, Eisenhower had accompanied a military convoy and seen how long it had taken to move from A to B.  The interstate system ties in with the Strategic Road Network to facilitate the movement of forces internally in the United States. The airstrip every 5-mile myth is just that...but it is still considered important for moving men and materiel in time of crisis.

We will probably never know if Obama was a good student or not - those grades are deep in the vault - but what we do know is that he is not very bright about creating jobs and encouraging growth.  As damned near every American knows now, the Federal Government cannot create a job without funding it by taking the money from someone else - or worse, borrowing or printing the money.  

Do we have infrastructure needs in the United States?  You bet we do - take a look at the ASCE Infrastructure Report Card where a minimum of $2.2 Trillion is estimated to bring our infrastructure up to par.  The Urban Land Institute's Annual Report on Infrastructure is another scary read.  But remember, the authors of both of these reports have an incentive to encourage the spending.  As an old business partner of mine used to remind me:  "Always remember how people are compensated."  Not saying their intentions are bad, nor that the reports are not sobering, but the problems are better solved at the local level and that's where the problems of regulation and interference by such interest groups as the environmentalists, for example, become insurmountable.

One of the bridges, that Obama talked about in his taxpayer funded campaign stop speech at NC State yesterday is the Bonner Bridge in the Outer Banks - guess who is holding that improvement up?  The environazis.  Read all about it here.  Even if you gave full Federal funding for these projects, they will either get held up in the Courts or take years to plan, design, issue the RFP's, receive the RFP responses, impose Federal wage rate and quota regulations, pull permits, conduct environmental impact studies, traffic count studies etc. etc.  The cost of the project will double in that time period, so it still won't get done.

The best way for these projects to get done is to have demand bubble up from below.  The light rail projects along the Front Range in Denver are a great example.  When the plans were originally presented for a $3 billion system, the citizens of the metro-Denver area rejected them outright.  It took several years of explaining the benefits of the system and a measured "let's test it as we go" approach before the voters approved the tax increases necessary to fund the system.  The closer to the dirt that you can get the funding and the impetus, the more successful the project will be.  Just don't tell the President that.  

Orwellian Attackwatch.com Spoofed!

Yes, our tyrannical regime's dear leader has resumed the paranoid "fink on your neighbor" behavior - at least we conservatives still have a sense of humor!

Keynesian Twilight Zone

I watched BHO's speech last week and kept thinking of the movie "Groundhog Day."  This is a better and more frightening analogy: