News reports indicate (even if they often try to bury) that President Obama’s supposed austerity moves include massive increases over already-inflated spending levels for ‘green energy’ boondoggles. These are very economically harmful.

To support this move, the Senate Environment and Public Works Committee, via its subcommittee chaired by the politically candid Bernard Sanders, will hold a hearing this afternoon touting ‘Green Jobs and Trade’.

After I was first contacted about testifying I prepared remarks which, though I am not appearing, I have submitted. Someone has to say these things before we triple- or quadruple-down on the ethanol debacle, a mess from which we are unlikely to extricate ourselves even after the harm becomes known. That’s what creating then richly feeding constituencies will do.

Below is a truncated version of points made in the opening and first section, ‘China Syndrome’ (with citations omitted). The remarks include other sections — Not ‘New’, Not of ‘the Future’; Green ‘Census’ Jobs and the Green-Jobs Bubble; The German Model; The Broader European Experience; Spain; Expensive Waste; and an appendix of Recent Developments in Other EU “Green Economy” Programs — all of which you can read here:

(more…)

I grew up in Kentucky where every boy who ever played baseball knew the name of Jim Bunning. He is the Hall of Fame pitcher who threw a perfect game for the Philadelphia Phillies and knew how to play hardball long before the tingly-legged Chris Matthews co-opted the name for his decidedly softball show.

If you are anywhere near being a fiscal conservative you have to absolutely love what Senator Jim Bunning did this week. This week Senator Bunning showed Senator Harry Reid, and a few Senate Republicans how to throw one high and tight. His one man play at fiscal responsibility has the Washington “in” crowd crying foul and showing their hypocrisy.

In case you missed it here is a brief rundown. A few weeks ago the Congress passed a bill known as “Pay-Go,” a fluffy piece of nonsense posturing. On its surface Pay-Go seems to be fiscally responsibly, if you want to spend some money you need to show where it is going to come from. Senator Bunning knew the bill was hogwash because any spending could avoid being subject to Pay Go if it was “an emergency.” He didn’t vote for the bill for that reason. He also saw another flaw in the bill, a single Senator could hold up the whole Senate if they wanted to.

This week when Senator Reid tried to push through an extension to unemployment benefits Senator Bunning played a little chin music for the Majority leader and put the breaks on the additional 10 billion in spending. Senator Bunning invoked his right to stop the bill and call for the application of the Pay Go rule. When members of the media hounded Senator Bunning for a comment he showed them the door, of the elevator he was taking. Nice added touch!

(more…)