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Posts Tagged ‘Crony Capitalism’

Education and Student Debt

Posted by Steve Markowitz on August 26, 2016

Marshall McLuhan“The reason universities are so full of knowledge is that the students come in with so much and leave with so little.”  Marshall McLuhan

 

Republicans and Democrats attempt to differentiate themselves via their views of the government’s role in the economy.  With close examination, it is hard to find real differences between them.

Those on the Right promote the benefits of “true” capitalism that allows markets to set prices via supply and demand.  Those on the Left share the view that capitalism is too harsh and that the government needs to step in and smooth out inequities created by markets.  At the extreme Left, socialism is promoted, irrespective of its history of failure.

At the macro-economic level there is little difference between Republicans and Democrats.  Crony capitalism is rampant within both parties.  Republicans typically support large industries and those in the military industrial complex.  Democrats promote social programs that benefit industries including education, social services, medical services, and trial lawyers.  The result of crony capitalism has been a significant increase in governmental spending and a surging United States’ debt over the past 50 years.  This debt is in part responsible for the economic malaise that has been inflicted on the country over the past decade.

An example of crony capitalism and the damage it has done is the educational industry.  Through the US Department of Education, as well as at the state and municipal levels, the funds spent on primary education have been skyrocketing as indicated by the charts below.

Total Educational Spending

Spending Per StudentSat Scores

 

 

 

 

However, the increased spending has not resulted in improved education.  The chart shows how poorly our students are doing in basic reading comprehension.

Student DebtThe problem is more significant at the college level.  The educational industry, with support of the US government and its loan programs, has created the false narrative that all Americans require and deserve a college education, irrespective of whether or not it improves their economic well-being.  As a result, the amount of student debt now exceeds $1 trillion and a significant portion of college graduates cannot make an income level that would allow them to pay off the debt in a reasonable period of time.  Many have been forced to move back into their parents’ houses.

While a market-based economy can be a cruel arbitrator of scarce resources, crony capitalism has proven to be catastrophic to those who have been cajoled into inappropriate economic decisions based on government programs.  It is a major cause of the growing wealth disparity between the ultra-rich and average Americans.

Yes, both Hillary Clinton and Donald Trump have prospered under crony capitalism.  The same cannot be said for most Americans.

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US Judge Stops Windmills from Killing Bald Eagles

Posted by Steve Markowitz on August 21, 2015

Progressives have demonstrated over the years a willingness to protect wildlife irrespective of consequences to society or the economy.  In some cases they have used various wildlife protection laws including the 1940 Bald and Golden Eagle Protection Act and 1918 Migratory Bird Treaty Act.  Interpreting and enforcing regulations are left to various government agencies including windmillthe U.S. Fish and Wildlife Service.  However, bureaucrats often politicize their interpretation by selective enforcement.

This week the Wall Street Journal published a story of selective enforcement by the U.S. Fish and Wildlife Service (FWS).  Obama appointed US District Judge Lucy H. Koh has slapped down the FWS for allowing the wind industry to legally kill Bald and Golden Eagles for up to 30 years.  The judge found that the agency violated the National Environmental Policy Act in 2013 by not doing the required environmental impact assessment and limiting permits to a maximum of five years.

It is common knowledge that wind generators kill birds.  A 2008 study estimated that one facility in northern California killed dozens of eagles and thousands of raptors and non-raptors annually.

It seems that to the Left, saving endangered species is important only if it does not interfere with their political agenda that includes promoting green energy.  This selective enforcement of regulatory edicts shows that crony capitalism is alive and well in the Obama administration.

Posted in Governmental Intervention | Tagged: , , , , , , | Leave a Comment »

Obama Offers Political “Gifts” at State of the Union Address

Posted by Steve Markowitz on January 28, 2014

Tonight Pres. Barack Obama made his second State of the Union Address of his second term.  What a difference a year makes. Last year’s State of the Union address came shortly after Obama’s reelection when had at least a partial mandate to govern.  This year, most certainly aggravated by the Obamacare debacle, the President’s political capital is nearly spent with even some Democrats distancing themselves from the resident.

The Wall Street Journal released the results of a recent poll indicating that Americans are dissatisfied with Obama’s policies and lost faith in his leadership skills.  That poll concluded:

  • Since the 1930s, only George W. Bush had lower poll numbers going into is six year in office.  Obama is now in very special company!
  • More poll respondents want the President to focus on job creation and early childhood education compared to those favoring increasing the minimum wage.
  • Over 50% of those polled disapprove of Obama’s job performance.
  • Approximately 60% of those polled indicated they were worried or pessimistic about Obama’s performance during the remainder of his presidency.
  • 75% of poll respondents believe that the President should place a high priority on reducing the federal budget deficit.
  • Over 70% of poll respondents expressed dissatisfaction with the overall economy.
  • Only 34% of those polled view Obamacare is positively.

Given the unpopularity of Obama and his policies one would think that the President would reach across the aisle in an attempt seek common ground.  That is not the case with Obama saying during the speech:  The President called for “a year of action“, specifically saying: “That’s what most Americans want – for all of us in this chamber to focus on their lives, their hopes, their aspirations.”  Further, Obama vowed to around Congress to pursue his agenda stating: “Wherever and whenever I can take steps without legislation to expand opportunity for more American families, that’s what I’m going to do.”    In other words, Obama will use executive orders to bypass Congress.  This is a similar tactic used by autocrats throughout history, most turning out badly for the people.

You have to give it to Pres. Obama, he sure has gall.  The massive government interventions he’s already pursued including the stimulus package, green energy “investments” such as Solyndra, cash for clunkers, Obamacare, etc. have been dismal failures.  Still he calls for “a year of action“.  That is nothing more than doubling down on losses.

While Obama has been president for over five years, he continues to act as if he was in campaign mode, not surprising given his background as a community organizer.  The President is an expert in the tactic of obtaining political advantage by promoting popular, but unsound, programs that he knows Republicans cannot support.  One example is his call for increasing the minimum wage.  The Left throughout modern history has used this voodoo economics as a way to supposedly create instant prosperity. This bogus claim raises an interesting rhetorical question:  If merely increasing the minimum wage could create real wealth, then why stop at $10 an hour?  Why not triple it?  The answer becomes self-evident.

In addition, Obama recent sound bites include the ills of the growing income disparity in the United States.  While excess concentration of wealth in a small minority of the population is ultimately a drag on an economy, it cannot be eliminated by government edict.   Obama does not discuss the causes for this inequity, but instead focusing on the more populist demonizing it.  He purposely evades this important issue since that the income disparity has increased during his presidency.  The Progressive policies of bailouts, crony capitalism, and artificially low interest rates mainly benefited wealthiest of Americans who have taken advantage of the resulting equities’ bubble to increase wealth.  The answer to this challenge is not for the government to redistribute wealth, as Obama would promote, but instead to eliminate the governmental programs that feed the growing disparity.

Congressman Stephen King, Republican from Iowa, was recently interviewed by CNN host Chris Cuomo.  Cuomo, a card-carrying member of the Progressive media, attempted to pull at the heartstrings of King (and is audience) to promote Progressive policies including increasing the minimum wage.  King stood tall and responded articulately concerning problems that come along with the governmental redistribution of wealth, as seen in the video below.

Politicians on both sides of the aisle attempt to maintain power by taxing some and rewarding others.  Democrats use social programs supposedly in an effort to cure the ills they see in society.  The recipients of their handouts include those on entitlement programs, unions, government employees, and companies that support the liberal agenda.  Republicans historically promote interests of the military-industrial complex and large businesses creating their own version of crony capitalism.  With their ability to print money, these politicians promote their pet programs as including no cost, their versions of alchemy.

The Tea Party is a grass roots movement whose main theme revolves around fiscal responsibility.  This focus allowed them to make enemies in both the Democratic and Republican Parties.  Little wonder; should a movement succeed in taking away the politicians’ ability to hand out candy to constituents and their chances for reelection decrease significantly.  Unfortunately this is the main motivation of those in Washington.

 

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Obama’s Set up 501(C) Organization

Posted by Steve Markowitz on January 21, 2013

michelle-obamaThe Obama for President Campaign has gone where no presidential campaign went before it.  Last week it turned itself into a 501(c) 4 non-profit organization to promote its political agenda.  The name of this entity is “Organization For Action” and it was introduced on video by First Lady Michelle Obama.

In an email to supporters concerning Organization For Action, the President is quoted: “We’ve got to keep working on growing the economy from the middle out, along with making meaningful progress on the issues we care about – immigration reform, climate change, balanced deficit reduction, reducing gun violence, and the implementation of the Affordable Care Act.”  This agenda is telling totally ignoring the issues important to Red states’ voters.  This is yet another indication that there has, in fact, been no more partisan a president in modern American history.

The irony of the Obama announcement nearly humorous, as reported in freedomoutpost.com:

Democrats and liberals bashed the Koch brothers, Sheldon Adelson and other conservatives who spearheaded hundreds of millions of dollars in secret donations to groups like Crossroads GPS and Americans for Prosperity during the 2012 campaign.  Obama, while raising over $1 billion himself, repeatedly lamented the influence of big money.

Ironically, under the law, a super PAC would be more transparent.  Unlike a super PAC, which has to file regular reports with the Federal Election Commission, the 501(c)4 non-profits don’t have to disclose their donors or amounts, so it’s up to each group to decide what (if anything) it makes public and when (if ever) that happens.

As a 501(c), the Obama’s Organization For Action will be able to accept unlimited corporate contributions with few requirements to publicize the donors.  This is another nail in the coffin of Obama’s promised transparency.  Mary Boyle of Cmmon Cause said it bluntly: It’s ironic and puzzling that a grassroots organization with a public interest agenda is going to take unlimited corporate money.  It doesn’t square.  There’s one reason that corporations spends money on politics–they’re looking for something in return.

Even some hard Left organizations see the danger in the Obama’s actions.  Adam Green, cofounder of the Progressive Change Campaign Committee complained: “They won’t take money from MoveOn, Democracy for America, or Progressive Change Campaign Committee PACs, but will accept million-dollar checks from Bank of America and Goldman Sachs? What’s the principle there?  No big bank or corporation will donate million-dollar checks to OFA without the expectation that it will impact which issues they engage on, and that’s very troubling.

It is likely that the Obama’s are raising this war-chest not only to push their agenda, but as a tool to attack those who disagree with their programs.  Adding to this likelihood is the fact that this new organization is being run by Obama 2012 campaign manager Jim Messina and longtime Obama pal and advisor David Axelrod, as well as other members of the Obama team.

Four years ago Barack Obama indicated that his inauguration would not include corporate sponsorship.  Today the Country celebrated the inauguration of Obama’s second term.  The inauguration was paid for with large corporate donations including $250,000 from Exxon Mobil.  Much has change in four years.  Crony capitalism, however, is back in full force.

Posted in Politics, President Obama | Tagged: , , , , , , , , | Leave a Comment »

Obama’s Job Councils Head Praises State Run Communism

Posted by Steve Markowitz on December 13, 2012

On Monday morning, GE CEO, Jeffrey Immelt was being interviewed on CBS by Charlie Rose.  During a discussion included in the video below, Immelt said:

“Look, I think it’s good for China.  To a certain extent, Charlie, 11 to 12 percent is unsustainable.  You end up getting too much stimulus or a misallocation of resources.  They are much better off working on a more consumer-based economy, less dependent on exports, driving technology and innovation harder.  Really, the one thing that actually works, state run communism may not be your cup of tea, but their government works.”

How ludicrous a statement.  First Immelt criticizes China for the handling of its economy and then concludes: “… state run communism may not be your cup of tea, but their government work.”

The relationship Jeffrey Immelt has with Barack Obama is yet another indication of the corruption of Washington and the crony capitalism that has remained under this Administration.  Obama continually chides the wealthy for not paying their fair share.  At the same time he appoints Immelt, the head of one of America’s wealthiest corporations, GE, who by the way in in 2011 did not pay one penny in America income tax, as his jobs czar.

http://www.youtube.com/watch?feature=player_detailpage&v=sxXYFjYLabM#t=7s

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State and Municipal Crony Capitalism

Posted by Steve Markowitz on December 3, 2012

Often when this Blog writes about the ills of crony capitalism it refers to the actions of the federal government.  Examples are many with this year’s high-profile ones including the $500 million plus loss that the taxpayers took on the wasted Solyndra investment.  A bit further back there was the ill-advised bailouts of General Motors and the Wall Street banks.  In each of these situations, taxpayers were forced to pony up money to save others who made poor business, personal or job decisions.

Crony capitalism is not limited to the federal level.  States and municipalities are guilty of corrupting capitalism and using it for political power.  The New York Times has published an in-depth look on how state and local governments hand out the People’s money to the benefit of some over others in an article titled: As Companies Seek Tax Deals, Governments Pay High Price.

The Times made studied over 150,000 awards made by states and municipalities to various companies.  It concluded that mayors and governors use governmental subsidies and handouts to attract or retain businesses in their localities in an effort to retain the related jobs.  However, these efforts often do not succeed with costs far outweighing the benefits.  Not only do the companies often close or shrink the facilities after receiving the handouts, but in the negotiations themselves the government officials are outgunned by the professionals hired by the companies to extract benefits.

The Times determined that the state and regional governmental handouts that include tax credits, tax exemptions, subsidize services and tax abatements and up to more than $80 billion annually with 20% of this total being subsidized by the federal government.  It offered examples of these misguided efforts:

General Motors – Long before GM received its $50 billion plus 2009 bailout from the federal government, it was extracting handouts from states and local governments in exchange for opening or retaining plants in certain locales.  Approximately 50 properties involved with the 2009 shutdowns or shrinkage were located in towns and/or states that gave GM incentives and handouts in the billions. The subsidies continue today with GM receiving nearly $2 billion in local subsidies during the past five years.

Ford and Chrysler – Each company received approximately well over $1 billion in subsidies during the past five years

Hollywood – Filmmakers continue to be large recipients of governmental gifts.  It is no wonder that these Leftists are for big government.  An example offered by the Times is Oliver Stone’s 2010 “Wall Street” sequel.  While this film by necessity had to be made in New York City, the filmmaker received $10 million in tax credits from the City.  While Stone has been a vocal critic of subsidies to banking and agriculture, he has no problem justifying handouts to his industry and when questioned said: “It’s good.  Or like basically the way business is done. I don’t understand what the moral qualm is.”  How disingenuous.  Like so many others, Stone is only against handouts that go to others.

New York Times – Yes, even the publisher of the story critical of government givebacks to companies received $24 million since 2000 from the state of New York and New York City.

Shell Oil – Pennsylvania has given this multinational conglomerate tax credits worth up to $1.6 billion over the 25 year period.

Caterpillar – This large equipment manufacturer received nearly $200 million in local aid since 2007.

Twitter – After threatening to leave the city, San Francisco exempted Twitter up to $22 million of payroll taxes.  However, this accompany is flush with cash and has since received a $300 million investment from a Saudi Arabian Prince and $800 million from another source.

BMW – This producer of luxury automobiles perceived a $130 million package from the state of South Carolina in 1992 to locate a plant there.

Mercedes-Benz – Not to be outdone by BMW, another German firm, Mercedes, in 1993 received incentives worth over $300 million from the state of Alabama to locate its plant there.

38 Studios – This videogame startup owned by retired Boston Red Sox pitcher Curt Schilling received $75 million in loan guarantees from the state of Rhode Island.  The company never released a game and dismissed nearly all of its 400 workers earlier this year.  The taxpayers of Rhode Island are stuck with the bill.

*******

States and municipalities across the Country are guilty of wasting taxpayer funds on crony capitalism.  The Times reported that Texas offers the most incentives, almost $20 billion per year.  Alaska, West Virginia and Nebraska offer the most corporate handouts per state residents.  Oklahoma and West Virginia giveaways account for about one third of their states’ budgets.  This corruption is massive.

The crony capitalism exhibited in the governments’ corporate handouts is problematic on many levels.  First, it assumes that the states’ constitutions allow these governments to make the gifts.  In addition, there are no guarantees the companies will remain after receiving the handouts.  Finally, giving these awards to particular companies is nothing more than governments’ picking winners and losers.  For example the incentives to bring in new companies come from the tax base that includes long-term payers, the already existing employers in the states.  This perverse system results in money from the long-term tax payers being used to increase the competition for local labor and materials that ultimately increases their costs and lowers their profits.  Not only is this a unfair disadvantage to the already existing corporations, but it ultimately leads to lower tax revenues from these entities as they become less profitable.

A company’s decision to locate its facilities in a state or city should be made only on the basis of sound economics that includes the quality of its labor force, the relative cost of that labor, as well as other factors such as permanent taxes and infrastructure availability.  When the government subverts this most basic of business and economic logic, it guarantees negative consequences in the long term.  It is also a corruptive force on the political class.

 

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Crony Capitalism and the Political Class

Posted by Steve Markowitz on December 1, 2012

A remarkable data point to come from the 2012 presidential election was that Republican candidate Mitt Romney received 3 million less votes than John McCain did in 2008.  While neither Republican candidates were extremely attractive, this discrepancy is astounding given that Barack Obama ran against the unpopular legacy of George W. Bush in 2008 that included the Iraq war and economic meltdown.  However, this time around it was Obama who had the legacy of failure, but did not pay a political price for it.

While many conclude that the Republican’s 2012 defeat was the result of changing demographics, this logic is incomplete.  While the style of Romney and Obama were clearly differentiated, the Republicans spent much of their time running against Obama, rather than proposing game-changing policies.

One area that the Republicans failed to present a coherent case was on taxes.  Obama ran on increasing taxes on the top 2%, and easy sell for the lower 98% of the electorate.  Romney countered by offering an undefined promise to end loopholes.  However, without specifics, this sounded to many as protecting the country-club set at the expense of the common folks.

Relating to taxes and income redistribution is the subject of subsidies.  The government subsidizes many special interests.  While this includes programs for the needy, it also includes programs that subsidize wealthier Americans.  Romney and the Republicans were viewed as attacking the programs that mainly benefit the needy.  This caricature could have been avoided with a simple program to eliminate government corporate subsidies, a big part of crony capitalism.  But the Republicans were silent on this issue.

Boston Globe columnist Jeff Jacoby wrote an interesting piece titled: “Yes, slash farm subsidies — but don’t stop there.  Jacoby, a conservative writer, suggests support of a policy being proffered by the ultra-Leftists US Senator-elect from Massachusetts, Elizabeth Warren.  Ms. Warren suggests eliminating America’s federal agricultural subsidies, a view shared by Jacoby and this Blogger.  Jacoby points out the following concerning the subsidies:

  • During the past six years, farm subsidies cost US taxpayers approximately $275 billion.
  • The average farm household income in 2010 was over $84,000, 25% higher than the average for all US households that year.
  • 75% of government payments to farmers went to only 10% of farm businesses.  Some of these funds went to millionaires.

While Ms. Warren’s motivation behind cutting farm subsidies is political rather than altruistic given that few of these subsidies go to her state of Massachusetts, conservatives should back her proposal.  This could then be used as a springboard to eliminate other crony capitalism subsidies that also disproportionately benefit wealthier Americans.  Such a platform, if appropriately presented, would have wide appeal since such programs by their very nature can only benefit a small percentage of the population.

Attacking subsidies to wealthier Americans is but a first step in a broader program to limit the handout and entitlement mentalities that is taken over the Country.  However, it is a prerequisite for cutting the handouts that are the basis of power for the nanny state and the political class that runs it.  Republicans would do well to take a truly conservative position on this bi-partisan issue of the People.  But those already in power have self-interest in perpetuating the political power of handouts.

Posted in Capitalism, Government Handouts | Tagged: , , , , , , , , | Leave a Comment »

“Hope and Change”, Four Years Later

Posted by Steve Markowitz on November 23, 2012

During his first run for the White House, Barack, Obama won on the vague promise of Hope and Change.  Both goals played well on American’s desire for improvement with an unpopular war in Iraq and an economy that was in the midst of a financial crisis.

With Obama preparing for his second four years, it is instructive to review his first term.  Whether “hope” has been delivered likely depends of an interpreter’s circumstance.  On the economic front, hope it is a rare commodity with unemployment in the minority communities and with recent college graduates at well above 10%.  In addition, the household total wealth has dropped significantly during the past four years.  On the other hand, significant government money has been spent on crony capitalism, payments to states for continued payments to government employees and handouts such as extended unemployment benefits have been dished out liberally.  Those on the receiving end of these benefits likely will feel better with the Obama Presidency.

As for change, little is evident.  Obama entered office with a dysfunctional government in Washington, which remains so today.  Crony capitalism existed before the President was elected, but he has used it extensively since.  Backroom deals remain a Washington politician’s favorite tool and the promise of transparency never materialized.  Finally, the President uses the US military liberally, including continuing a war in Afghanistan that cannot succeed.

What will the next four years of the Obama Administration look like?  Given the President’s radical Leftist positions it is likely that Americans will become more dependent on the federal government and government will obtain more power over the People.  However, it is likely that the realities of economics with the Country’s significant debt will have at least some limiting effect on Obama’s power grab.

One Blog reader and past guest writer, James Mahoney, has a less optimistic view of the next four years.  That view is posted below.

The Next Four Years, by James Mahoney

“In this week s news conference he acted like a man who received a mandate.  This myopic approach will result in his second term becoming as disastrous as that of George W. Bush.”

Barack Obama’s second term will be disastrous for the United States, and will likely result in the end of our Country as we know it.  The difference is that anyone who only receives their news from the mainstream media will never hear a word about it.  During the Bush administration an increase in the unemployment rate from 4.6% to 4.7% was relentlessly cited by the media as “evidence” that we were in the midst of a recession.  Under Obama the stated unemployment rate of 8% (actual rate well over 11%) is totally ignored.

If Fast and Furious, the embassy murders and subsequent cover up in Benghazi, crony capital payments to bogus solar companies or any of the antics of Eric Holder had occurred under George Bush, the press would have had him run out of office.  We are in grave danger because instead of being a watchdog, the press are now willing accomplices in running interference for the Obama Administration and preemptively branding anyone who dares to raise legitimate questions as sexist, racist bigoted homophobes.  The press will pretend that Obama has a mandate and it will magically be so.

Of course, the only reason the press can get away with any of this is because we now have a near majority of the electorate who are so dumbed-down they accept the false narrative at face value.  They care about the latest installment of Dancing With the Stars and getting their free Obama phones, but they possess virtually no critical thinking skills.  In the past these uninformed voters usually stayed home on election day and didn’t do any real damage, but in 2008 Obama cultivated them as part of his core constituency.

So let’s review.  Obama will be free to do as he pleases for the next four years without fear of reprisals from the lapdog media, Congress, the courts or a largely clueless public.  He has already demonstrated lawless behavior by illegally using executive orders to accomplish what Congress would not give him the authority to do.  His federal agencies are cranking out an average of 59 new regulations per day.  He will have 2, and possibly 3, appointments of young activist judges to the Supreme Court who will rubber stamp his agenda and leave a scorched earth of legal precedent that will haunt us for the next generation.  Face it folks – it is now Game.

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Federal Mandate Wastes Food

Posted by Steve Markowitz on October 20, 2012

One of the myriad of recent federal mandates is leading to an unintended consequence; food being wasted and thrown out.  This mandate, The Healthy, Hunger-Free Kids Act of 2010, is purported to promote healthier eating habits in the Country’s youth and help curb childhood obesity.

The USDA standard now requires that public schools serve twice as many fruits and vegetables, along with other requirements.  Should a school not comply, it will lose their federal reimbursement for school lunches, which typically equals about $.85 per lunch, per student.  Like most federal mandates, it is missing a key component to be successful.  While it mandates what schools must put on their food trays, it does not mandate what students must eat.  The result, some students are either giving the food other students, or worse still, throw it away, as reported by the Allentown Morning Call.

On the one hand, this is another example of government creating mandates that are costly and do not achieve the desired goals.  However, there is a more sinister issue.  These mandates are often created as part of government’s crony capitalism.  Some business interest is typically served under the guise government advancing some noble cause.

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Global Warming Stopped 16 Years Ago According to Scientific Data

Posted by Steve Markowitz on October 15, 2012

British publication MailOnline.com today published a report relating to recently released data on global warming.  This data brings into question the foundation of the theory behind carbon dioxide’s relationship to global warming, as well as the hysteria created by those who promote the theory.

The data accumulated from more than 3,000 measuring points throughout the world indicates that the 16-year global warming trend from 1980 through 1996, the foundation of the man-made global warming theory, stopped 16 years ago.  In other words the Earth’s temperature has not risen in the past 16 years.

Some scientists call the most recent 16-year temperature finding significant, while others do not give it much credence.  Professor Judith Curry, who heads Georgia Tech University’s Climate Science Department, indicates that the computer models used to predict future global temperature trends are seriously flawed stating:

  • ‘The new data confirms the existence of a pause in global warming.”
  • “Climate models are very complex, but they are imperfect and incomplete.  Natural variability [the impact of factors such as long-term temperature cycles in the oceans and the output of the sun] has been shown over the past two decades to have a magnitude that dominates the greenhouse warming effect.”
  • “It is becoming increasingly apparent that our attribution of warming since 1980 and future projections of climate change needs to consider natural internal variability as a factor of fundamental importance.”

On the other hand, Professor Phil Jones, of the Climatic Research Unit at the University of East Anglia, United Kingdom, now indicates that 16 years is too short a period to draw conclusions.  However, that was not his view in 2009 when he said: “Bottom line: the “no upward trend” has to continue for a total of 15 years before we get worried.”  With this kind of junk science it is no wonder that Prof. Jones got caught in Climategate scandal that included hiding emails that questioned the global warming alarmists’ theories and predictions.

Interestingly, even a zealot like Prof. Jones admits to problems with the modeling approach for predicting global temperatures stating: “We don’t fully understand how to input things like changes in the oceans, and because we don’t fully understand it you could say that natural variability is now working to suppress the warming.  We don’t know what natural variability is doing.”

The MailOnline.com article indicates that since 1880, when recording temperature readings worldwide began, the world’s temperature has increased only by about 0.75°C.  Given that global industrialization has been ongoing for about 130 years, this logically brings into question the singular supposed connection between global warming and man-made CO2emissions.

Whether or not the theories behind man-made global warming are correct is more than mere intellectual discussion.  Significant policy decisions are being made based on governments’ buying into the junk science.  Crony capitalism has led to some companies becoming wealthy while others get poorer.  More significantly, these decisions will increase commodity prices including staples such as energy and food.  Living conditions will deteriorate and increased starvation will occur in various poorer countries as a result.

The information just released that worldwide temperatures during the past 16 years have not increased demand reevaluation of green policies being pursued by Progressives worldwide.  This must begin by ending of the “book-burning” mentality that demonizes anyone who disagrees

Posted in Global Warming | Tagged: , , , , , , , , , , | 5 Comments »