I've been trying like hell, fairly successfully, to avoid listening to political ranting on the TV shows for the past couple of weeks. But, as a patriotic American, I was compelled to watch the president spout amazing nonsense for much of the 48 minutes that he addressed the joint session of congress earlier this evening.
So here I am, wondering if President Obama is the smoothest liar I've ever seen or heard of, or whether he managed to get through Harvard and several highly profitable years in Chicago and Illinois politics without learning anything about how government bureaucracies work.
For instance, he very forcefully said, several times, that he can pay for his entire massive health care program by saving more than a hundred billion dollars each year that's currently consumed by waste and fraud in the Medicare and Medicaid programs.
Now, as it happens, I'm very cynical about the competence of government bureaucracies, so I believe Medicare and Medicare are paying for quite a bit of fraudulent care; but even I don't believe they're being defrauded for over a hundred billion dollars a year. And if they are being defrauded for that much money, I fail to see why President Obama hasn't already done a wholesale shakeup of the management of those bureaucracies. If they're really wasting more than $12 Billion per month there should be bureaucratic heads rolling all over Washington, DC.
So I have a couple of questions that I hope some reporter will ask the president.
"Mr. President, you've said you can pay for your health care program by saving over a hundred billion dollars a year in fraudulent Medicare and Medicaid payments. And you have been in office for almost nine months. Why haven't you already done something to to stop such an outrageous amount of fraud?"
And here's a follow-up question:
"Mr. President, who is the great manager that you plan to put in charge of Medicare and Medicaid to stop all that fraud? Will it be the same sort of genius you put in charge of the cash for clunkers program that can't seem to pay it's claims within the two weeks that the law explicitly promised? Or will it be the kind of genius you put in charge of the stimulus program that has given hundreds and hundreds of billions of tax dollars into the care of the same executives who ran the huge banks that made a mess of the mortgage market with their bad decisions.
Showing posts with label government. Show all posts
Showing posts with label government. Show all posts
Wednesday, September 9, 2009
Wednesday, August 19, 2009
President Obama supports offshore drilling!
President Obama supports offshore drilling; but not in the U.S. of course. Instead he's loaning a couple of billion dollars of your tax money to Petrobras to drill off the coast of Brazil. At the same time he supports so called environmentalists who use all manner of legal maneuvering to make it impossible for oil and gas companies to drill off the coast of this country.
This makes not one lick of sense in any dimension.
Since our government is running a deficit it must borrow money by selling bonds in order to loan this money out. So our government is borrowing money from China and others in order to lend the money to an oil company owned and run by the Brazilian government.
And, on another level, Petrobras must be the only oil company in the world that can't make enough money to do its own drilling. Which says something about just how inefficient government run businesses can be.
The Wall Street Journal has the whole story at the link below. I've quoted some of it below.
http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html
Obama Underwrites Offshore Drilling
The Wall Street Journal - 8/18/09
You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.
The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.
The U.S. Export-Import Bank tells us it has issued a "preliminary commitment" letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.
But look on the bright side. If President Obama has embraced offshore drilling in Brazil, why not in the old U.S.A.? The land of the sorta free and the home of the heavily indebted has enormous offshore oil deposits, and last year ahead of the November elections, with gasoline at $4 a gallon, Congress let a ban on offshore drilling expire.
The Bush Administration's five-year plan (2007-2012) to open the outer continental shelf to oil exploration included new lease sales in the Gulf of Mexico. But in 2007 environmentalists went to court to block drilling in Alaska and in April a federal court ruled in their favor. In May, Interior Secretary Ken Salazar said his department was unsure whether that ruling applied only to Alaska or all offshore drilling. So it asked an appeals court for clarification. Late last month the court said the earlier decision applied only to Alaska, opening the way for the sale of leases in the Gulf. Mr. Salazar now says the sales will go forward on August 19.
This is progress, however slow. But it still doesn't allow the U.S. to explore in Alaska or along the East and West Coasts, which could be our equivalent of the Tupi oil fields, which are set to make Brazil a leading oil exporter. Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won't allow at home.
This makes not one lick of sense in any dimension.
Since our government is running a deficit it must borrow money by selling bonds in order to loan this money out. So our government is borrowing money from China and others in order to lend the money to an oil company owned and run by the Brazilian government.
And, on another level, Petrobras must be the only oil company in the world that can't make enough money to do its own drilling. Which says something about just how inefficient government run businesses can be.
The Wall Street Journal has the whole story at the link below. I've quoted some of it below.
http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html
Obama Underwrites Offshore Drilling
The Wall Street Journal - 8/18/09
You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.
The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.
The U.S. Export-Import Bank tells us it has issued a "preliminary commitment" letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.
But look on the bright side. If President Obama has embraced offshore drilling in Brazil, why not in the old U.S.A.? The land of the sorta free and the home of the heavily indebted has enormous offshore oil deposits, and last year ahead of the November elections, with gasoline at $4 a gallon, Congress let a ban on offshore drilling expire.
The Bush Administration's five-year plan (2007-2012) to open the outer continental shelf to oil exploration included new lease sales in the Gulf of Mexico. But in 2007 environmentalists went to court to block drilling in Alaska and in April a federal court ruled in their favor. In May, Interior Secretary Ken Salazar said his department was unsure whether that ruling applied only to Alaska or all offshore drilling. So it asked an appeals court for clarification. Late last month the court said the earlier decision applied only to Alaska, opening the way for the sale of leases in the Gulf. Mr. Salazar now says the sales will go forward on August 19.
This is progress, however slow. But it still doesn't allow the U.S. to explore in Alaska or along the East and West Coasts, which could be our equivalent of the Tupi oil fields, which are set to make Brazil a leading oil exporter. Americans are right to wonder why Mr. Obama is underwriting in Brazil what he won't allow at home.
Wednesday, July 8, 2009
I'm baaaack!
It's been a while since I posted a blog because my laptop computer has been acting funny. For some reason it won't let me log into the blogger software.
Here are a few things I've wanted to share.
1. In the You just can't win department: This fellow and his wife installed a nice environmentally friendly windmill on their property, and now the neighbors are whining and the local government made them shut the thing down because it makes a bit of noise. I did find it suspicious that the couple located the windmill 230 feet from their own house, but only 164 feet from the neighbor's house. It's also interesting that the windmill cost them 20,000 pounds but it only saved them 500 pounds a year in energy cost - so it would take forty years to pay for itself, even leaving aside the interest they could have earned on the money they used to buy it.
http://www.dailymail.co.uk/news/article-1187936/Green-homeowner-hit-noise-abatement-order-40ft-wind-turbine-driving-neighbours-mad.html
2. In the You can't win unless you're a government employee department: California has started to pay some of it's bills with IOUs because the state is running out of money due to a spending binge worthy of a sailor loose in Olongapo after 60 days at sea. But here's a funny thing - the state is not paying any of its hundreds of thousands of government workers and government pension benefit recipients with IOUs. The government folks get cash; all others get IOUs. You might be tempted to think that this is because the state is concerned about the government workers because they depend on their salaries to eat; but it turns out that the state is giving IOUs to a whole bunch of other folks who depend on their government check to eat. Fat cat college professors and judges get cash; the blind and the disabled get IOUs.
http://blogs.reuters.com/felix-salmon/2009/07/01/california-the-haves-and-have-nots/
3. In the None of us humans can win in the long run department: It turns out that we're all doomed after these Argentinian ants consolidate their position globally. The Orkin man had better get ready for battle on a global basis.
http://news.bbc.co.uk/earth/hi/earth_news/newsid_8127000/8127519.stm
4. In the Even if you can't win you can live in a certain style before you are eaten by ants: Sometimes a house comes on the market that has an extra nice garden or a very nicely outfitted kitchen. And then sometimes a house comes on the market that has a really special feature. The owner of this house automatically becomes a Count, and his wife becomes a Countess. The house also comes with extra thick walls that won't let in the whoosh, whoosh, whoosh sound of any nearby windmills.
http://online.wsj.com/article/SB10001424052970204621904574248540382556988.html
Here are a few things I've wanted to share.
1. In the You just can't win department: This fellow and his wife installed a nice environmentally friendly windmill on their property, and now the neighbors are whining and the local government made them shut the thing down because it makes a bit of noise. I did find it suspicious that the couple located the windmill 230 feet from their own house, but only 164 feet from the neighbor's house. It's also interesting that the windmill cost them 20,000 pounds but it only saved them 500 pounds a year in energy cost - so it would take forty years to pay for itself, even leaving aside the interest they could have earned on the money they used to buy it.
http://www.dailymail.co.uk/news/article-1187936/Green-homeowner-hit-noise-abatement-order-40ft-wind-turbine-driving-neighbours-mad.html
2. In the You can't win unless you're a government employee department: California has started to pay some of it's bills with IOUs because the state is running out of money due to a spending binge worthy of a sailor loose in Olongapo after 60 days at sea. But here's a funny thing - the state is not paying any of its hundreds of thousands of government workers and government pension benefit recipients with IOUs. The government folks get cash; all others get IOUs. You might be tempted to think that this is because the state is concerned about the government workers because they depend on their salaries to eat; but it turns out that the state is giving IOUs to a whole bunch of other folks who depend on their government check to eat. Fat cat college professors and judges get cash; the blind and the disabled get IOUs.
http://blogs.reuters.com/felix-salmon/2009/07/01/california-the-haves-and-have-nots/
3. In the None of us humans can win in the long run department: It turns out that we're all doomed after these Argentinian ants consolidate their position globally. The Orkin man had better get ready for battle on a global basis.
http://news.bbc.co.uk/earth/hi/earth_news/newsid_8127000/8127519.stm
4. In the Even if you can't win you can live in a certain style before you are eaten by ants: Sometimes a house comes on the market that has an extra nice garden or a very nicely outfitted kitchen. And then sometimes a house comes on the market that has a really special feature. The owner of this house automatically becomes a Count, and his wife becomes a Countess. The house also comes with extra thick walls that won't let in the whoosh, whoosh, whoosh sound of any nearby windmills.
http://online.wsj.com/article/SB10001424052970204621904574248540382556988.html
Monday, February 23, 2009
Oligarchy, Democracy, Constitutional Republic
Don A, who may or may not be down in Florida, sent me this and I found it interesting.
I don't fully buy the use it makes of Rome as an example of governmental evolution; but this is an interesting way of presenting the attributes, benefits and disadvantages of the various types of governmental systems available, especially for people who think we live in a democracy.
http://www.wimp.com/thegovernment/
I don't fully buy the use it makes of Rome as an example of governmental evolution; but this is an interesting way of presenting the attributes, benefits and disadvantages of the various types of governmental systems available, especially for people who think we live in a democracy.
http://www.wimp.com/thegovernment/
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