Comments on: Global Warming and the Anthropogenic Financial Crisis http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html ... for evil to triumph is for good people to do nothing Wed, 08 Feb 2012 18:52:33 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Is Pro-Obama News Coverage Hurting ObamaCare? | All That Is Necessary... http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html/comment-page-1#comment-1044 Is Pro-Obama News Coverage Hurting ObamaCare? | All That Is Necessary... Mon, 24 Aug 2009 16:55:53 +0000 http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html#comment-1044 [...] pass the porkulus bill without even reading it made people nervous, but hey, the whole idea was to throw money at the economy as quickly as possible.  (Ooops, they didn’t achieve even that.)  Now that the focus has moved on to health care [...] [...] pass the porkulus bill without even reading it made people nervous, but hey, the whole idea was to throw money at the economy as quickly as possible.  (Ooops, they didn’t achieve even that.)  Now that the focus has moved on to health care [...]

]]> By: A Center-Right Nation Balks at Obamacare | All That Is Necessary... http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html/comment-page-1#comment-1035 A Center-Right Nation Balks at Obamacare | All That Is Necessary... Tue, 18 Aug 2009 18:05:35 +0000 http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html#comment-1035 [...] because the country was perceived to be in an economic crisis — something had to be done now now now now now.  Certainly some people across the spectrum were concerned about committing to so much spending, [...] [...] because the country was perceived to be in an economic crisis — something had to be done now now now now now.  Certainly some people across the spectrum were concerned about committing to so much spending, [...]

]]> By: Time May Have Expired for Obama’s “Crisis=Opportunity” Tactics :All That Is Necessary… http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html/comment-page-1#comment-952 Time May Have Expired for Obama’s “Crisis=Opportunity” Tactics :All That Is Necessary… Tue, 21 Jul 2009 15:01:27 +0000 http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html#comment-952 [...] like ramming through a mammoth “stimulus” bill now now now now now — never mind that nobody except the bill’s authors had even read it.  It was an [...] [...] like ramming through a mammoth “stimulus” bill now now now now now — never mind that nobody except the bill’s authors had even read it.  It was an [...]

]]> By: It Didn’t Work the First Time, So Now: Porkulus II :All That Is Necessary… http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html/comment-page-1#comment-921 It Didn’t Work the First Time, So Now: Porkulus II :All That Is Necessary… Sun, 12 Jul 2009 20:34:45 +0000 http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html#comment-921 [...] in mind that the first time around, we were told that the porkulus bill had to be passed now now now now now — not a day to spare if we want to ward off catastrophe.  So Congress passed a pork-laden [...] [...] in mind that the first time around, we were told that the porkulus bill had to be passed now now now now now — not a day to spare if we want to ward off catastrophe.  So Congress passed a pork-laden [...]

]]> By: Better Pass It Quickly — Someone Might Read It! :All That Is Necessary… http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html/comment-page-1#comment-868 Better Pass It Quickly — Someone Might Read It! :All That Is Necessary… Sat, 27 Jun 2009 23:30:52 +0000 http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html#comment-868 [...] leaders and the Obama Administration were twisting arms to gather the votes they needed for the $800 zillion porkulus bill, I wrote this: When listening to President Obama’s dire predictions of “catastrophe” if a [...] [...] leaders and the Obama Administration were twisting arms to gather the votes they needed for the $800 zillion porkulus bill, I wrote this: When listening to President Obama’s dire predictions of “catastrophe” if a [...]

]]> By: Kirk Petersen http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html/comment-page-1#comment-335 Kirk Petersen Tue, 10 Feb 2009 13:17:00 +0000 http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html#comment-335 Apollo, I just don't think things are nearly that dire -- I wrote a <a HREF="http://blog.kirkpetersen.net/2009/02/slow-down-on-the-stimulus-and-stop-saying-depression.html" REL="nofollow" rel="nofollow">subsequent post</a> to that effect. Apollo, I just don’t think things are nearly that dire — I wrote a subsequent post to that effect.

]]> By: Apollo http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html/comment-page-1#comment-332 Apollo Tue, 10 Feb 2009 08:59:00 +0000 http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html#comment-332 @Kirk: The system has created the strongest economy on the surface for a limited amount of time (just like a mutual fund who gives you an annual headline 'fake' of a 6% gain but in reality you have lost money). The economic problems started over three decades ago, the economy has borrowed its way to strength but underneath there was little substance.<br/><br/>You can compare the economy to a sky-scraper built on a foundation for a single-family home. It was clear that it will collapse.<br/><br/>The system for some time has faked strength but was destined to collapse which is the reason why it needs to be torn down completely (there is little left right now anyway) and rebuild with intelligence for sustained growth which will benefit a broader range of the economy which in turn will fuel economic growth.<br/><br/>Sure, right now it is a topic which can be debated back and forth but once it becomes evident it is too late. The economy will experience problems for over a decade from now (similar to Japan but a little worse after their huge bailout/stimulus idiocy in 1999).<br/><br/>A ship which sinks will hit rock bottom and stay there so why would you load more goods on to the sinking ship?<br/><br/>It is time to board a new ship... @Kirk: The system has created the strongest economy on the surface for a limited amount of time (just like a mutual fund who gives you an annual headline ‘fake’ of a 6% gain but in reality you have lost money). The economic problems started over three decades ago, the economy has borrowed its way to strength but underneath there was little substance.

You can compare the economy to a sky-scraper built on a foundation for a single-family home. It was clear that it will collapse.

The system for some time has faked strength but was destined to collapse which is the reason why it needs to be torn down completely (there is little left right now anyway) and rebuild with intelligence for sustained growth which will benefit a broader range of the economy which in turn will fuel economic growth.

Sure, right now it is a topic which can be debated back and forth but once it becomes evident it is too late. The economy will experience problems for over a decade from now (similar to Japan but a little worse after their huge bailout/stimulus idiocy in 1999).

A ship which sinks will hit rock bottom and stay there so why would you load more goods on to the sinking ship?

It is time to board a new ship…

]]> By: VH http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html/comment-page-1#comment-330 VH Mon, 09 Feb 2009 06:24:00 +0000 http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html#comment-330 Journalist <a HREF="http://www.naomiklein.org/shock-doctrine" REL="nofollow">Naomi Klein wrote a very popular</a> (among Progressives and Liberals) and absurdist tome on the Machiavellian tactics used by capitalists (Somehow she blamed Milton Friedman for the lot of it) all over the world to install their vision of economics during a crisis. Yet, when liberals or progressives use similar alarmist language and tactics, they feel that their cause is beyond reproach, dissent, or even discussion. According to self stylized climate saviour, Al Gore, there is no time for discussion on GW because it is a "moral imperative" for it to be solved by any means and right now: invoking morality is an effective crisis mechanism that easily shuts down debate. <a HREF="http://www.washingtontimes.com/news/2009/feb/04/cbo-obama-stimulus-harmful-over-long-haul/" REL="nofollow">Despite warnings by the CBO</a>, we are going to get a crisis inspired stimulus that will balloon the national debt. Journalist Naomi Klein wrote a very popular (among Progressives and Liberals) and absurdist tome on the Machiavellian tactics used by capitalists (Somehow she blamed Milton Friedman for the lot of it) all over the world to install their vision of economics during a crisis. Yet, when liberals or progressives use similar alarmist language and tactics, they feel that their cause is beyond reproach, dissent, or even discussion. According to self stylized climate saviour, Al Gore, there is no time for discussion on GW because it is a “moral imperative” for it to be solved by any means and right now: invoking morality is an effective crisis mechanism that easily shuts down debate. Despite warnings by the CBO, we are going to get a crisis inspired stimulus that will balloon the national debt.

]]> By: Kirk Petersen http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html/comment-page-1#comment-328 Kirk Petersen Sun, 08 Feb 2009 13:30:00 +0000 http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html#comment-328 Paul, I agree the Rahm Emanuel quote is telling. I wouldn't necessarily mind if the administration tried to use the crisis do a "big thing," if it were a carefully chosen big thing that we could debate and consider. Greg Mankiw's taxation suggestion would be a big thing, for example. But the Christmas-tree spending bill is not a big thing, it's a huge collection of expensive little things.<br/><br/>Apollo, I'm glad you like the post, but I can't sign on for your "extreme overhaul" (although it would certainly be a big thing!) Far from being "set up for failure," the system we have has produced by far the strongest economy in the world. We may need to make some adjustments, but I don't think we should tear the system up and start over. Paul, I agree the Rahm Emanuel quote is telling. I wouldn’t necessarily mind if the administration tried to use the crisis do a “big thing,” if it were a carefully chosen big thing that we could debate and consider. Greg Mankiw’s taxation suggestion would be a big thing, for example. But the Christmas-tree spending bill is not a big thing, it’s a huge collection of expensive little things.

Apollo, I’m glad you like the post, but I can’t sign on for your “extreme overhaul” (although it would certainly be a big thing!) Far from being “set up for failure,” the system we have has produced by far the strongest economy in the world. We may need to make some adjustments, but I don’t think we should tear the system up and start over.

]]> By: Apollo http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html/comment-page-1#comment-327 Apollo Sun, 08 Feb 2009 12:55:00 +0000 http://blog.kirkpetersen.net/2009/02/global-warming-and-the-anthropogenic-financial-crisis.html#comment-327 Wow, nice to see how a post about the stimulus plan was almost turned into a discussion about WMD and the Iraq war. <br/><br/>Anyway, the stimulus will not work and be counter-productive. Over $500 Billion of the proposed stimulus have nothing to do with the economy to begin with. The failure of any of the discussed version of the stimulus will be evident once it is too late.<br/><br/>The only thing the stimulus will do is stimulate a recession into a depression. <br/><br/>An extreme reduction of federal and state income tax (20%+) as well as the elimination of capital gains taxes would stimulate the economy. As a matter of fact there could be 0% income tax and a 0% capital gains tax but a flat (8% for example) consumption tax.<br/><br/>The government should privatize just about everything since they clearly do not know how to operate anything (especially when money is involved). Once the government has its hands out of everything the need for the government to earn revenues through high taxes is eliminated as well and the 8% consumption tax will provide sufficient revenue to budget the few small programs in government hands.<br/><br/>This would eliminate all those pathetic social programs, give consumers a strong boost since they will receive higher net paychecks and revenues as well as see more overall progress with modernization and implementation of new ideas, products etc.<br/><br/>There needs to be an extreme overhaul of the entire system as even the most pathetic socialist (democrat if you prefer) should have realized that the entire system was set-up for failure.<br/><br/>The idea to rely on credit and debt to finance your lifestyle is beyond ridiculous.<br/><br/>Nice post. Wow, nice to see how a post about the stimulus plan was almost turned into a discussion about WMD and the Iraq war.

Anyway, the stimulus will not work and be counter-productive. Over $500 Billion of the proposed stimulus have nothing to do with the economy to begin with. The failure of any of the discussed version of the stimulus will be evident once it is too late.

The only thing the stimulus will do is stimulate a recession into a depression.

An extreme reduction of federal and state income tax (20%+) as well as the elimination of capital gains taxes would stimulate the economy. As a matter of fact there could be 0% income tax and a 0% capital gains tax but a flat (8% for example) consumption tax.

The government should privatize just about everything since they clearly do not know how to operate anything (especially when money is involved). Once the government has its hands out of everything the need for the government to earn revenues through high taxes is eliminated as well and the 8% consumption tax will provide sufficient revenue to budget the few small programs in government hands.

This would eliminate all those pathetic social programs, give consumers a strong boost since they will receive higher net paychecks and revenues as well as see more overall progress with modernization and implementation of new ideas, products etc.

There needs to be an extreme overhaul of the entire system as even the most pathetic socialist (democrat if you prefer) should have realized that the entire system was set-up for failure.

The idea to rely on credit and debt to finance your lifestyle is beyond ridiculous.

Nice post.

]]>