Dopenhagen Update

This has to make all environmentalists proud:

Iranian Prime Minister Mahmoud Ahmadinejad, Venezuelan President Hugo Chavez and Zimbabwean President Robert Mugabe plan to address negotiators at international climate talks in Copenhagen next week.

After all, the intellectual ability and good sense of these three men is right up there with such AGW luminaries as Al Gore, right?

The whole thing is a sick joke – but one which could be quite expensive as it seems a lot of people, Obama included, want to shake down the United States for billions of dollars to fight the phony effects of bogus global warming.

UPDATE: To believe in AGW, you have to ignore facts.

Hard Times Ahead and What About Those Jobs Numbers?

Please read the whole article over at Mish’s and play the video “Mish: Nov. Jobs Report ‘Looks Fabricated’. Expect Harder Times in 2010”.

Its not like they are necessarily making up numbers out of whole cloth – they don’t have to. The very way the jobs are calculated allows Obama and his liberals to pretend things are better and try to sell us on that notion. Remember – the reason we lost “only” 11,000 jobs in November is because of factors like the BLS believing “X” number of jobs were created, when there is no indication any jobs were created at all, outside government, in November. Additionally, participation in the labor force continues to decline as people lose their unemployment benefits and/or just give up on job hunting – meaning that even as more people have been losing their jobs, the unemployment rate can go down.

But even if the jobs numbers are correct, the economic prospects are still bleak because we’re still losing jobs in manufacturing, construction and other wealth-creating businesses. While GDP is forced up by printing and borrowing money and then spending it like gangbusters, the actual wealth of the country continues to decline. How long can Obama and the Fed keep the magic going? I don’t know – but eventually, everything has to be paid for. I figure its months before it all comes crashing down – but it could be a year or two. But crash it will – and not just here, but all around the world where there are economic bubbles upon bubbles (China’s stock market and the European bond market, for instance).

Save as much as you can and get ready for the worst – it is still to come.

Boom Time for Federal Employees

The story:

The number of federal workers earning six-figure salaries has exploded during the recession, according to a USA TODAY analysis of federal salary data.

Federal employees making salaries of $100,000 or more jumped from 14% to 19% of civil servants during the recession’s first 18 months — and that’s before overtime pay and bonuses are counted.

Federal workers are enjoying an extraordinary boom time — in pay and hiring — during a recession that has cost 7.3 million jobs in the private sector.

This is horribly wrong – if anything, the federal workforce should be undergoing reductions in order to control spending. But what do Obama and the liberals propose? Much, much more of the same. This is insane! We need more people creating wealth, not more draining of our economic lifeblood to boost up AFSCME Union numbers, and donations to the Democrat party.

Message to everyone hired since January 20th: don’t get too comfy. You’ll be forced out soon – and that isn’t a threat, its a promise.

HAT TIP: Mish’s

Liberal Fascism and the Culture of Death

Come together in this amazingly anti-human article:

The “inconvenient truth” overhanging the UN’s Copenhagen conference is not that the climate is warming or cooling, but that humans are overpopulating the world.

A planetary law, such as China’s one-child policy, is the only way to reverse the disastrous global birthrate currently, which is one million births every four days…

…The fix is simple. It’s dramatic. And yet the world’s leaders don’t even have this on their agenda in Copenhagen. Instead there will be photo ops, posturing, optics, blah-blah-blah about climate science and climate fraud, announcements of giant wind farms, then cap-and-trade subsidies.

None will work unless a China one-child policy is imposed…

What is the “one child” policy? It is a policy which mandates forced abortions and sterilization once you’ve had one child per couple. It would “work”; there would be a lot less people around. But are there really too many of us?

The author notes that we’ll reach 9 billion people by 2050 – and “unsustainable” number, in her view. Left out – because it doesn’t fit with a hate-filled, anti-human screed – is the fact that population growth rates, currently about 1.22%, are expected to fall to 0.33% by 2050. Also left out is the fact that some estimates have global population at 7.4 billion in 2050…this if the reduction in the birth rate continues on as current (and there’s no indication of a change in this pattern). Further left out is the projection that population could be 500 million less in 2100 than it was in 2000.

The truth about human population is that the Culture of Death has already seized hold of us – birth rates are dropping like a rock all around the world and most of Europe already has a birth rate lower than replacement. But voluntary suicide isn’t enough – when you really, really hate yourself and the human race, you want more positive measures. So, a one-child policy naturally commends itself.

All of this is, of course, utter nonsense. We’re not overpopulated now. We won’t be overpopulated in 2050. We can never actually overpopulate the world. Breed like mad and without any sense at all and we’ll still not be able to overcome the amount of land and resources available. Current global population density for the land area of the world is about 118 per mile. Japan’s is 874; and Japan is not exactly and environmental basket case. Put 42 billion people on earth and we still won’t have the population density of Japan. Anyone out there think that we’re ever going to reach 42 billion? 20 billion? Heck, even 10 billion? My bet is on the low end of population projections, given that even a here to for fertile nation like Mexico is only an ace away from being below replacement in fertility.

Some of the nations which are already below replacement level include Tunisia (just in case you think all Moslem nations breed like rabbits), China, Germany, Brazil, Japan, Poland (just in case you think Catholic countries are immune), New Zealand and Puerto Rico. Among the nations which will probably shortly fall in to the negative are Iran, United States, Vietnam, Turkey and Indonesia. The most fertile nation on earth is Niger – one of the three nations which have a birth rate of 7 or more per child. My great-grandparents had 14, and that wasn’t unusual a century ago; so, 7 really isn’t all that much in the grand scheme of things. Keep in mind that each nation which falls below 2.1 children per couple can only maintain its current population by immigration – but even the nations which supply the immigrants are drying up.

Our problem is no longer how to deal with growing population, but how to prepare ourselves for a world which will have a declining population. Don’t tell this to the Culture of Death people, however, because it would upset them – if they can’t promulgate new ways to murder the innocent, their whole day is wrecked.

The "Personal Mandate" in ObamaCare is Unconstitutional

Heritage explains:

This “personal responsibility” provision of the legislation, more accurately known as the “individual mandate” because it commands all individuals to enter into a contractual relationship with a private insurance company, takes congressional power and control to a striking new level. Its defenders have struggled to justify the mandate by analogizing it to existing federal laws and court decisions, but their efforts do not withstand serious scrutiny. An individual mandate to enter into a contract with or buy a particular product from a private party, with tax penalties to enforce it, is unprecedented– not just in scope but in kind–and unconstitutional as a matter of first principles and under any reasonable reading of judicial precedents.

If a health care bill is passed with an individual mandate, I will not participate – and I will welcome any legal sanctions as step one in a legal challenge to any such law. I’m certain that millions of other Americans would gladly join me in such an effort – in fact, we should start thinking of setting in motion a pre-commitment on this. Have people state, in public, that they will not adhere to any law which requires a citizen to engage in an economic activity – its bad enough that we’re required to buy car insurance, but at least there’s the “out” of not driving a car. Under ObamaCare, there would be no way out – save by popular revolt.

I’m not having any of this – I hold fast to my liberty and say, “thus far, but no further” to government attempts to control my life.

Phrase of the Day

Why do liberals want ObamaCare and Cap and Trade? Here’s why:

It is easy to understand why the law is used by the legislator to destroy in varying degrees among the rest of the people their personal independence by slavery, their liberty by oppression, and their property by plunder. This is done for the benefit of the person who makes the law, and in proportion to the power that he holds. – Frederic Bastiat

A Trillion Here, a Trillion There…

…and pretty soon, you’re talking about real money:

In a bold but risky year-end strategy, Democrats are preparing to raise the federal debt ceiling by as much as $1.8 trillion before New Year’s rather than have to face the issue again prior to the 2010 elections.

“We’ve incurred this debt. We have to pay our bills,” House Majority Leader Steny Hoyer told POLITICO Wednesday. And the Maryland Democrat confirmed that the anticipated increase could be as high as $1.8 trillion — nearly twice what had been assumed in last spring’s budget resolution for the 2010 fiscal year.

Republicans should attempt a filibuster – certainly, all Congressional Republicans must vote “no” on this, as a matter of principle. Make the Democrats, if we can, vote for increases on a month by month basis so that the people can ask the question: when will we balance the budget? Obama says he’ll cut the deficit in half by the end of this term – meaning, that we’ll “only” have $700 billion or so deficits, given the deficit for 2009. This is absurd – we must stop spending more than we take in.

Are US Bonds Turning to Junk?

Interesting:

On its face, the probability of the U.S. defaulting on its spiraling debts seems highly unlikely. But that’s not what the markets think. The price of insurance against such a default—using derivatives known as credit default swaps—has jumped by more than 50% in the private market in recent months. According to CMA DataVision in London, a specialist in these contracts, it will now cost you 0.34% of the principal per year to buy default insurance on U.S. government bonds. If you held $1 million in Treasurys, insuring against default would cost you $3,400 for the year. A few months back, insuring those bonds would’ve cost less than $2,000.

Not exactly a vote of confidence in Uncle Sam. Now, as the author of the linked piece goes on to note, an actual default on US bonds is highly unlikely – but there’s nothing stopping Obama and the Fed from forcing in a round of inflation, thus making the bonds we currently hold functionally worthless, and thus easy for the government to pay back. For as long as the US has issued bonds, our bonds have been the gold standard – the “risk free” investment. But, are they really?

I will review my decision to go in to bonds – perhaps I’ll find somewhere else to park my money.