Thursday Open Thread: Bailout Edition
by PubliusToday, in 1980, President Jimmy Carter authorized the first federal bailout of Chrysler. Sometimes you have to wait a couple decades to say “I told you so…”
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I was in the Air Force when Carter was elected. After all these years there is a big difference what I think of Carter now as to then. Years ago I thought Carter was an ass, and now I know he is.
Carter is typical left. Huge chip on the shoulder, always angry about some perceived injustice, knows more than the poor masses, is morally superior.
Sound like a typical teenager? Some liberals grow up, others never do and become President.
Jimmy "I'll Never Lie to You" Carter another Presidency that should have never been.
Jimmy Carter's advice and a quarter will get you a cup of coffee at 7-11 (small)- and calling his legacy an "unmitigated disaster" would be mighty charitable.
This naive and incompetent man stopped B-1 production, gave away the strategic Panama Canal (utilized now by Russian warships), handed Iran to the Ayatollahs, who now are on the brink of pointing nuclear weapons at us and Israel. He pardoned draft-dodgers and reached out to Fidel Castro… who KGB archives show considered him no more than a "useful idiot".
Carter allowed the Soviets to gain military superiority, and after the Russians met with him and saw what they were dealing with, they promptly invaded Afghanistan. On Carter's watch, the USSR actually went on an unrestrained rampage in which it took over not only Afghanistan, but also Ethiopia, S. Yemen, Angola, Cambodia, Mozambique, Grenada and Nicaragua.
In spite of all this, Carter's last defense budget proposed spending -45% below pre-Vietnam levels for fighter aircraft, -75% for ships, -83% for attack submarines and -90% for helicopters.
Years later, as a civilian, Carter negotiated a peace agreement with N. Korea to keep them from developing nuclear weapons. He also convinced President Clinton to go along with it. But the N. Koreans deceived Carter, and instead used our money, incentives and technical equipment to build nuclear weapons and pose the threat we face today.
On the domestic side, Carter gave us inflation of 15%,the highest in 34 years; interest rates of 21%, the highest in 115 years; and a severe energy crisis thad produced lines around the block at gas stations nationwide.
Stuff it Jimmy- nobody cares what you think.
http://reaganiterepublicanresistance.blogspot.com
Every generation must have an erstwhile Jimmah Carter. That paves the way for the next Ronald Reagan to step forward into the breech. Unfortunately, at the moment, we are fresh out of Ronald Reagans………….
Anybody else remember the misery index?
i wasn't politically minded in the 70s, was young-too young to vote for most that decade. some things i think i remember about the Chrysler bail-out are that;
. one of the reasons given for not letting them fail was we relied on them to build tanks and other military equipment
. the 'cuda was no more.. very sad
. Iaccoca became a legend, seems like they paid back the money very fast?? – poor memory there probably
Anyway, I do recognize now the bad precedent it set and other terrible Carter things and I'm trying to remember – Who was his opponent(s) during election?. and why were they so inept that Carter won?? Seems to be alot like now, there is some substantial blame due to the losing side for putting somebody in the contest who was not even capable of defeating a total fool.
Remember when "bail out" meant getting out of something ? Not buying into it.
It ain't a "bail out" It's a "buy-out" and the majority buys it . Again.
Nobody ever went broke by underestimating the American public.
You make some interesting points. Not to parse your words, but what we now have is not a bailout, but a "buy-in", the only exception is, the preponderance of the American public is no longer "buying it". None of it…….
I remember the misery index.
In Obamas case, they need to invent the "Lie-o-meter". Everytime he tells another lie, it registers on the Jumbotron in Times Square……….
yaknow CL – since you mention it. I look at that photo and see most of the group looking at the floor.
?in shame? naa, that can't be right. politicians have no shame.
Let's not forget the Community Reinvestment Act was passed under Master Jimmah's watch and subsequently bolstered by Slick Willy. This wonderful piece of crap (legislation) took just over 30 years to culminate in the big housing bubble/bust and will haunt us for decades by way of Fannie and Freddie.
I think they are all embarrased.
They probably saw where Ioacocca was, and in what position, prior to the cameraman snapping the recorded photo. But he did get the money…………..
Chris Dodd was a huge proponnent pf the Community Reinvestment Act, Fannie Mae, Freddie Mac and an often overlooked older GSE: Ginnie Mae. Ginnie was a precursor to Fannie and Fredie, and was fraught with corruption and embezzlement………..
:~} he's on the tube every day, multiple times is common. better use the national debt clock to have enough digits. – you ever think about the fact he is on tv everyday.. you know he has to wear makeup on tv – and probably all day when he's on multiple times. I'll just skip over how much time makeup must take from his day and just go straight to; our male president wears makeup every day… geeze
If you have ever had a doubt about Google being biased, check out the results of a test search I preformed this morning:
Search string used: muslim missouri
Yahoo: 17.0 Million hits
Bing 3.7 Million hits
Google 1.9 Million hits
I voted for the peanut farmer thinking he was a good man – I must have been nuts.
This president has a lot in common – like Carter, he grew up around a lot of nuts.
ok, enlighten us. be sure to not leave out any negative influence unions may have had.
For someone so young you remember it well. The bailout was about national security and jobs (which is the same thing). We were facing down the Warsaw Pact and 10,000 Soviet tanks in Europe and the new M-1 tank was going to be our main battle tank. It was a very dangerous time.
Hindsight reveals that Billy was the smart one.
I've never understood why people on the right are so offended by Jimmy Carter. He has been a model ex-president and compared to Bush 43 he was an economic genius.
We are still paying on the Reagan deficits. He ran on a platform of balanced budgets and never even tried to curb spending. His second term was marred by the onset of Alzheimer''s and he should never have sought another term. It was the only time in our history when public policy was turned over to a Lt. Col.
It took almost thirty years, but the bad ideas of Ronald Reagan finally came home to roost when our banking system almost melted down and the economy tanked. Supply side economics failed and the mentality that government is somehow our enemy prevented any meaningful oversight of financial markets.
Compared to Reagan, Carter looks pretty smart.
Well maybe then there is a god looking out for us.
Teabaggers are a cancer… liberalism is chemo.
I was in early grade school during the Carter Years and I thought he was a wonderful, gentle, kind, compassionate President. I distinctly remember the meandering Peanut Farm movie and how wonderful Pres. Carter was.
Now I know better. What were my teachers teaching me?
Funny how Chrysler got a bailout in the 70s and needed another injection 30 years later. Obviously bailouts don't work.
What does it matter whether you get two million hits or 10 million? You are not going to look at more than twenty or thirty. Your post is misleading and silly.
You might be correct, if it was the only search result that showed bias. I have posted many test results on this site that show Google bias. To anyone with knowledge of how search strings work and results are returned it is very obvious. You are apparently not one of those.
You might be correct, if it was the only search result that showed bias. I have posted many test results on this site that show Google bias. To anyone with knowledge of how search strings work and results are returned it is very obvious. You are apparently not one of those.
“I can’t drive 55!” Déjà vu’ all over again, as young people ask was he really that crappy of a president? YES! Let us count the ways…21% interest on a mortgage, CRA, Gas lines – - odd even fill up times, 55 mph speed limit, hostage crisis, misery index, 10% plus unemployment rate, on and on and on… One good thing, Carter gave us Reagan.
Snow still on ground, yet the sun is shining. A sure sign of outer-space warming.
The only bias at google is profit. They have no motive to pander to a small fringe of the population like the "far left". The way they make money is through advertising revenue generated by the number of hits their service receives. And the only way they compete for hits is to provide fast and relevant search returns for as many people as possible.
So for you to do a couple of biased searches and announce the service to be bias ignores the elephant in the room… profit. If google doesn't meet your needs try yahoo. They all have the same goal… profit.
What a small, little person you are…………..
mika i think if the lack non-bias opinions was within your primary point you should be able acknowledge unioins negative impact. my opinion of unions is both historical and first hand experience. The original historical deeds were necessary and honorable. Even within the past decade I have watched a over-night change in management to tyranical practices and saw it as reason for unions to still exist. — but I have been in a couple unions (IBEW and a labor union I don't remember it's acronym), when I was younger, and nothing about them in their current form is a positive in my experiences. Tenure trumps performance, top down pressure to slow down, top down pressure to not communicate directly with management, etc.. there were 'most popular' union members who had set their original pace so slow that they practically stopped between each step, but were protected and put on a pedestal by the union stewards. My main issue was the tenure trumping performance though. Ten and fifteen year lazy slobs were getting promoted, leaving hard working/less tenured folks working far below their capabilities. so, even though corporate tyranny drove me out of the system – i'll not see unions as defendable.
Now Mike you are going to hurt my feelings… ok, I'm just kidding.
If you have a different opinion on this subject this is a good place to air it out. When you use your space to lash out at knuckleheads you always feel bad about it later… at least I do.
I compare it to losing my temper with my wife in an argument. Even if I'm winning (which isn't often) the subject now becomes my bad behavior.
Rock, I don't have a lot of personal experience with unions other than jobbing out in a bakery in high school. So my opinions on unions are based on common political goals. I will share a funny story with you that does not shed a great light on unions.
It was in the last 80s and Northwest Airlines had recently purchased Republic airlines. In an attempt to stay viable, Republic had gotten concessions from their baggage handlers union and best as I can recall, were paying them $10 an hour. When they still couldn't make a go of it they merged with Northwest. The Republic guys changed their uniforms, but Northwest held them to the renegotiated contract which still had a couple of years left on it. So the Republic guys found themselves working along side of Northwest guys who were making $18 per hour.
In the middle of all this old mika shows up at the Northwest desk in Minneapolis and they lose my checked bag. The bag shows up three months later along with a note of apology and $50 off my next flight. Turns out the Republic guys were mad and throwing luggage on airplanes without paying much attention to the destination tags. I don't recall how the company solved the problem.
It is a lovely little planet. My goal is to leave it better off than I found it.
Under… I totally agree. There once was a purpose for unions many, many years ago but not now. It is just an organization of total corruption! They don't protect you from harrassment or abuse in the workplace when you try to get any help. I worked in a school and it was absolutely disgusting how much they earn and no decication to teaching or the students. Oh and by the way, one of the problems they had with me was "my work ethic is too high!" Go figure.
!n 1980, Carter was ahead in the polls when Reagan's people paid the Iranians to agree NOT to release the US Hostages until after the election. Had the hostages been freed before, Reagan would have lost the election.
http://www.btinternet.com/~nlpWESSEX/Documents/co...
!n 1980, Carter was ahead in the polls when Reagan's people paid the Iranians to agree NOT to release the US Hostages until after the election. Had the hostages been freed before, Reagan would have lost the election.
http://www.btinternet.com/~nlpWESSEX/Documents/co...
Ok, I want to play?
I did a search with "teabagger + idiot" "
Yahoo 389,000 hits
Google 533,000 hits
Dan, you may be on to something here… Does Glenn Beck know about this outrage?
See, you just proved the biased for me.
Remember, it's roasty toasty in Aussie land. Climate change theory doesn't suggest that we no longer have winter.
No, a failed rescue effort and Nixon's "southern strategy" gave us Reagan. We had no idea when those brave men died in the Iranian desert that the failure to rescue the embassy hostages would still be felt in the 2010 economy.
Who could have predicted?
You can revise history in whatever way you wish, I’ll remember it as it was! '68 Nixon won with a strong majority over Humphrey, in '72 he won with a landslide, as I recall McGovern won one state. This is also a reflection of Nixon's stupid paranoia that led to Watergate. The other RINO Ford was president when the peanut graced the nation…yuck! …and Regan did indeed follow Carter. But lets not allow reality to get in the way of convoluted logic and the “southern strategy” be damned.
It wasn't my idea:
"In American politics, the Southern strategy refers to a Republican Party (GOP) method of winning Southern states in the latter decades of the 20th century and first decade of the 21st century by exploiting opposition among the once segregationist South to the cultural upheaval of New Left, Vietnam protests, the Hippie culture, Gun control, Abortion and to desegregation and Civil Rights."
I think it being summer in Australia might have something to do with it
Appreciate the back up pinky… thanks.
BUT—CAN WE BE LUCKY TWICE? I THINK NOT!
LOL must have been the beer
So Mika your theory is climate changes…. Hmmmm I have a theory weather changes…Hmmmm I have another trees grow… Okay so what is the point is there a shred of proof that man causes climate change? ….NOPE….I can make a case for some effect on weather (Urban center warming)…I can make a case for tree growth (fertilizer).. Climate growth …not so much but that doesnt stop the MMGW croud from pouring the fertilizer on and hoping…WOW Hope for Change i should run for office.
Yawn…I remember the discussion about the “southern strategy” for forty plus years. Reagan won by landslides his strategy was simple, “conservatism.”
It is not my theory, but the climate is indeed changing… and it is being caused by human activity.
It is not so much that we are changing our environment, it is the rate of change. Given 1000 years we can adapt to almost anything. But we may not have that kind of time.
We will survive as a species. But human society is going to change dramatically quickly. We depend on our infrastructure and without it our planet supports maybe a billion humans if we are lucky. The sooner we get started adapting, the better off we will be in the future.
Good work ethics are rarely a problem. A crappy, know-it-all attitude will get you canned every time.
Chrysler introduced the minivan in the fall of 1983, which led the automobile industry in sales for 25 years[5] Because of the K-cars and minivans, along with the reforms Iacocca implemented, the company turned around quickly and was able to repay the government-backed loans seven years earlier than expected.
Say what you want about the k-car but it helped bring Chrysler out of the ditch.
I'm also a little bigoted – owning a 68 Charger w/440 4 speed and Barracuda but want to see the American auto companies survive on their own.
and your proof of this is that once it was colder and once it was warmer and now it is colder again. This can not be from an unforgiving ebb and flow of planetary forces it must be from one of the smallest population of life forms populating the planet EVIL HUMANS. Take off the Tin hat Mika and buck up its going to be a rough road, a summer and a winter every year. Forced migration because of shifts in climate has been the one constant in human history. (There are no longer winemakers working the vinyards of greenland) The Eskimos made it and so did the Watusi. You will make it to grasshopper
Just followed a thread from Fox to American Spectator. The article, "Football: A Matter of National Security?" By Robert Stacy McCain, and the following comments seem to think US Customs and Border Protection agents were guarding the Rose Bowl the day prior to the TEXAS-Alabama game in order to enjoy the "official" perk of being around big events while possibly trying to prevent drug smuggling. This bothered me…a LOT!
Hellooooooo… I have ANOTHER scenario that is SLIGHTLY more serious. Just perhaps these agents are helping secure the facility in order to prevent a far more spectacular, televised terrorist act!
By the way, not only was my mother’s father a fine Southern gentleman from Alabama, but a local player is on Alabama’s starting line. Still, my heart belongs to TEXAS!
President Ronald Reagan was right when he said “Now, so there will be no misunderstanding. It’s not my intention to do away with government. It is rather to make it work — work with us, not over us; to stand by our side, not ride on our back.” Mr. Reagan spoke these words at his inaugural on January 20, 1980. At that moment in time our country was driven to a precipice via a myriad of misguided policies, but it was President Carter, and his band of liberal Democrats that took the final steps off the ledge. Mr. Reagan caught us safely from the fall through inner-strength, after he survived an assassination attempt, and then brought to bear his uncommon display of common sense on our nations past economic calamity. President Reagan successfully led the country through the last battle in the cold war, renewed our national purpose, and provided leadership to a nation in dire need of it.
This nation has spent $1.8 Trillion dollars more than it has taken in in tax receipts, it has $12 Trillion on its national credit card, and has completely consumed all funds held in our entitlement programs. The only way that Medicare, Medicaid, or even Social Security gets paid is via a printing press buttressed by the willingness of foreign governments to underwrite it. That is what the “full faith and credit” of the United States has come to, a promise to pay interest on an obligation to a foreign government. If we are not able to meet the obligations we presently have; why do we seek to create more of them via a nationalization of our health care system? In short: Uncle Sam is broke, the US economy is shrinking, and the President of the United States wants the federal government to run 1/6 of the US economy that health care represents; and the government is unable to run a monopoly, the US Post Office, at a profit.
As President Reagan warned in his speech in 1961, on the dangers of socialized medicine; the American people would not accept socialism outright, but under the banner of liberalism we would accept every facet of socialism. For the past sixty years the entitlement programs that started as humanitarian safety nets, under Democratic majorities, have since grown into retirement programs to the exclusion of private investment, and the most fraud ridden delivery of health care any nation has ever witnessed. Remember where we are presently situated fiscally, how long will it be until those promises are worthless? As you and I can only live beyond our means for a limited time, so too with governments, one way or the other the printing press will be stopped. When we fail to meet these obligations the liberal democrats will aim for the rich, and when they miss, it will be our wallets that they hit.
I love the photo here. Ol' Lee Iacocca is doing to precursor of the "Obama Bow" to Carter, after kissing the ring…
The proof is the warming oceans, the melting ice and the regional extremes of both hot and cold weather. The direct scientific evidence is statistical correlation between atmospheric carbon and rising global temps. Statistics are science and we use statistical correlations all the time to make public policy (smoking and seat belt laws are two that spring to mind). Climate change should be no different.
Now obviously it is far more complex than the fourth grade explanation I provided. If you want to understand the science, go to the source. http://www.realclimate.org. There you will find actual climate scientists discussing and explaining climate change.
The Watusi… Pain you are funny. Thanks for that.
and had the same ultra-radical 60s survivors in the lead the whole way. and still. Yet we won't kill their organizations while we have the chance.
Liberalism is a cancer on the body politic.
At least Iacocca knew how to run a business…Govt. funds or not, Iacocca pulled Chysler (pronounced chis-ler) out of the dumps and made them a viable company once again. I mean honestly…What would have became of the 'misery index' if we never had the K-Car? LOL__
….." My goal is to leave it "
The sooner the better
That's all you got? I "told you so"?
A lot of things went wrong with Chrysler and the American auto industry between the mini van and the PT Cruiser. And it had far more to do with bad management choices than government interference. You're comment may go over well on this list, but your understanding of the issue is poisoned by right wing ideology.
I'll leave the union bashing to you. I'll address quality here. Let's start with the K car. Considered a success because they sold a bejellion of them because they were cheap. But they were also disposable. They were rattletraps in a year and used up in three years… about the time you got them paid off. That attention to detail went into the design of cars like the Dodge Diplomat and the Chrysler LeBarron. Even the handy and affordable mini van suffered from planned obsolescence. In 1999 I rented a Sebring convertible because my wife liked the styling. I could not believe the way a car with 1000 miles on it shook and rattled. We ended up buying a 99 Camry that my sister in law still owns and it still drives well.
By this time Toyota and Honda were building cars that were good looking and reliable. There was no way Chrysler could get away with poor quality control. Yet still they persist… My niece could not resist a 2008 Chrysler 300. It requires premium gas, gets 15 mpg and is in the shop twice a month.
Quality is a management issue. Hard to blame on the unions because Ford has addressed its quality issues and is now competing nicely… with union labor.
Will you be visiting our planet long? He was… and still is an idiot!
Google is biased
Yahoo 41.9 Million Hits
Google 3.6 Million Hits
PLEASE, TELL ME THE DIFFERENCE BETWEEN AN IDIOT AND A GENIUS, OR THE THINKING OF THE RICH AND POOR?
GREAT ARTICLE: Thursday Open Thread: Bailout Edition
by Publius Because HE TOLD US SO IN 1980 AND NOT MANY BELIEVED HIM, IT APPEARS!
The ills of the banking system are far deeper then anything you could accuse Reagan of…And I am pretty sure Blarney Frank and waitress sandwich Dodd have been creating bubbles to ride for years…Our Founding Fathers believed government was a necessary evil best kept small and in check…
Ford is competing because they moved there factories out of America….they have several factories in latin america which are run far more efficient because they aren't union…The k-cars were simple designs that should have delivered better quality but were hamstrung by contracts with union controlled suppliers…Today the cars produced by the Big three can compete with foreign cars in quality because they started playing hardball with the suppliers…
The oceans might also get warmer because of the BIG BALL of FIRE in the sky !!…How arrogant to believe that humans are effecting the climate to such a degree that it will cause catastrophe…There are more scientists who question man made climate change then agree with it…..and statistics can be manipulated by political ideals… especially ones that restrict freedom yet are labeled " for your protection"….That is not the governments job…
I've seen some of the lists of people you call scientists. They are not climate scientist.
The first thing any researcher has to do is rule out the obvious sources of heat like the sun. Since 1979 we have been using satellites to monitor solar radiation and it has been relatively stable while global temps have risen.
http://www.skepticalscience.com/solar-activity-su...
Your fear of government prevents you from seeing anything that doesn't fit your preconceived world view. A pleasant and comfortable way to go through life, but not adequate for public policy formulation.
The deregulation mentality of Reagan led directly to the collapse of the Savings and Loans, and indirectly to financial meltdown of 2008.
Our founding fathers didn't have to deal with 300 million people.
In Texas we call this horse manure, at least when we are being nice. And I am always nice.
mikatollah act of contrition…
I want to thank the nice folks on biggovernment.com for sharing their time and ideas with me for these past few weeks as I have thoroughly enjoyed myself. I try and conduct myself with proper respect and a sence of humor, and not get drawn into flame wars that always seem to generate a life of their own.
I know I have offended many of you with my use of the term "teabagger". It seemed harmless at first when I believed this list was filled with knuckleheads. I justified it by telling myself and others that it's ok because others do it. But I was wrong. There are many good people here who love their country and are just as passionate about their politics as I.
So to all of you I give my heartfelt apology and hope you can find it in your hearts to forgive. I want to assure you that the word will never pass my lips again, either while blogging or in my personal life. The word is dead to me.
I'm not going anywhere and I look forward to future debates. And just a note, you are going to see this post several times because I am going to post it everywhere I find someone that I know I particularly offended.
mikatollah
URGENT: I WANT FRED THOMPSON TO RUN FOR PRESIDENT IN 2012!!!
Well I guess you know plenty about manure considering the crap you've been shoveling around here…and I am being nice….and what was that about a crappy know-it-all attitude???..
…"The first thing any researcher has to do is rule out the obvious sources of heat like the sun"……." solar radiation has been relatively stable"…You information is suspect..Solar activity caused by suns spots is stable….now…it has been recorded as very active for several decades….sun spot activity diminished in 1998 and ocean temps have fallen…evidenced by the decline of hurricane activity…the increased temps recorded by your scientists are also suspect because they erased the raw data from which it came…and you do not eliminate the sun as a heat sourse…you measure it and quantify it's effect.
of course they didn't have to deal with 300 milloin people…that has nothing to do with it…..The system they made worked for all people with the realization that the population would grow…The savings and loan collapes could be blamed on deregulation…but I would rather blame it on criminals who broke the law….they were criminals before deregulation and after…The criminals that currently go unpunished { Dodd , Frank , Reid , Rangle ,} are the cause of the recent meltdown..
Sorry if my attitude offends.
Thanks for writing.
Your use of 1998 as a focal point is disingenuous. I like to say you are using the facts to distort the truth.
The truth is the global temperature jumped in 1998 not due to global warming, but because of a natural heat transfer mechanism known as El Neno. The following year the currents returned to more of a traditional rhythm and temps continued to rise at about the rate we had seen throughout the 1990s. They did not reach 1998 levels again until 2005.
Had you used any other year as a base, 1997 or 1999 you would see that the warming trend has continued to progress a fairly stable rate. Even more important, CO2 concentrations in the atmosphere have risen each year whether we set new records or not. So it is still there…. waiting.
The culling of unreliable data is common in scientific research and it is not a conspiracy to create desired results.
If a banker takes a huge pile of cash out of the vault and stacks it on the lobby floor, who is at fault when some less than honest customer walks out with a couple of Benjamin s? Sure, we can throw the thief in county lockup when we catch him, but by that time any hope of getting the money back it long gone.
So then the bank charges each account .03 to cover the loss. Who are you going to be angry at? The criminal who did what criminals do, or the guy you trusted to watch your cash and let you down?
El nino is a weather pattern effect..it is cyclical….CO2 has never been proven to have an effect on global temps…A single volcano eruption spews more CO2 then 100 years of industry…or even a 1000 years….CO2 is not a toxin and we are talking about a layer .00038..of an inch in the atmosphere…Who decided that data was unreliable especially since they used and/or changed the data that would fit there " theory"….and gee it sure is cold outside.
If said bank allowed that then they wouldn't have many customers then would they?…That would mean that the free market worked as it was ment to…it doesn't require government intervention…The free market is self correcting and Reagan understood that…I don't agree with everthing he did . but I do not doubt he understood freedom and the free market system.
Can't argue with your first statement… El Nino is indeed a weather pattern. It originates in the south pacific and affects weather as far away as Greenland. But the fact that they come and go is precisely the point of my post. So what was your point?
CO2 has a proven statistical correlation to climate change, and statistical methods are science. We use them all the time in developing public policy and climate change should be no different.
No one that I know of, particularly climate scientists, has ever said that CO2 is a toxin. It is the greenhouse gas property of co2 that creates the environmental hazard.
As for your point about volcanoes well, you've gotten some bad poop. According to the USGS folks who monitor world wide volcanic activity, in a typical year, all of the volcanoes in the world, both above and below sea level release roughly 200,000 million metric tonnes of CO2 into the atmosphere. Global estimates for CO2 emissions created from burning fossil fuels in 2003 came in at a shade less than 27 billion metric tonnes. That is billion, with a B.
So get out your calculator and divide 200,000,000 by 27 billion. Here, I'll do it for you. It's less than 1 percent (0.74).
Climate scientists are trained to manage statistical data so that bad data doesn't trash good data. It is all publish in peer reviewed journals for all of us to read so there is no monkey business going on. They would risk being caught and discredited and that is too high a price for any scientist to risk fudging data to match predetermined goals. And besides, I have to believe that any ambitious climate scientist would love to be the guy who writes up the paper that disproves climate change theory. There would be science labs and dorms all over the world named for him (or her).
Ever ask yourself, what ever happened to climategate? Wasn't that supposed to finally put an end to this climate change hoax once and for all? Well, it turns out that every one of the cherry picked stolen e-mails that you saw on right wing websites and Fox News…they had all been published in scientific journals. That is why the media dropped it and that is why any denier who has a scientific reputation at risk has quietly walked away. And that is why whenever you hear one of your right wing friends reference it, you can know they either have not been paying attention, or they have political agenda.
Finally, don't confuse weather with climate. Most of the heat on the globe is held in the oceans, so the bad weather in a North American winter is a drop in the global bucket. Plus, you do know that it is summer down under…
Here in the real world, the bank would satisfy their customer base by firing my simple bank manager here and the bank would do just fine. A couple of customers would drift away, and the bank would have a special promo to giveaway a new toaster with each new account and they will get 3 new accounts for each one lost.
Now if the bank assets were insured, the 3 pennies would show back up in their accounts in about a week and trust would be restored.
The reason the banks need to be regulated is they want to put that FDIC sign in the window. Because in America, people don't put their savings in uninsured accounts. To qualify for this insurance, the bank has to willingly agree to federal oversight. Same is true for all band who are members of the Federal Reserve.
Banks are not a real good place to make your free market points. Almost all are insured or members of the fed, or some other group that insures deposits. And the rule is, if you want insurance you have to submit.
Here in the real world, the bank would satisfy their customer base by firing my simple bank manager here and the bank would do just fine. A couple of customers would drift away, and the bank would have a special promo to giveaway a new toaster with each new account and they will get 3 new accounts for each one lost.
Now if the bank assets were insured, the 3 pennies would show back up in their accounts in about a week and trust would be restored.
The reason the banks need to be regulated is they want to put that FDIC sign in the window. Because in America, people don't put their savings in uninsured accounts. To qualify for this insurance, the bank has to willingly agree to federal oversight. Same is true for all band who are members of the Federal Reserve.
Banks are not a real good place to make your free market points. Almost all are insured or members of the fed, or some other group that insures deposits. And the rule is, if you want insurance you have to submit.
The proof is …"regional extremes of both hot and cold weather.""____Thank-you for the laugh and making my point
I'm here for you pain… glad to help.
[...] worse than Carter. The similarities truly are uncanny, however. Rampant unemployment? Check! Bailing out auto companies? Check! Dismal and delusional foreign policy? Check! Attempting to grow government to unsustainable [...]
[...] worse than Carter. The similarities truly are uncanny, however. Rampant unemployment? Check! Bailing out auto companies? Check! Dismal and delusional foreign policy? Check! Attempting to grow government to unsustainable [...]
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