Wednesday, May 21, 2008

Taxes & Wages Under Republicans

Dims claim that Republicans have, in recent years, harmed the working person.

But, the objective, quantitative data tell another story (as usual):

1) The Truth About Tax Cuts.

2) The truth about inflation adjusted hourly compensation for working persons:


Inflation Adjusted Hourly Compensation (for the working person)
Click the image to enlarge & view the source data

Click the image to enlarge & view the source data

Continuously Compounded Annual Rate of Change
in Inflation Adjusted Hourly Compensation (for the working person)
Click the image to enlarge & view the source data

Click the image to enlarge & view the source data


Comparing pre-LBJ to post-LBJ, there was a slight slowdown in (continued positive) inflation adjusted wage growth from roughly 1975 to 1997. Blame the tidal wave of Federal Entitlements imposed by LBJ in the mid 1960’s, starting with Medicare and Medicaid.

But, trends have been improving since 1997 (after Republicans took control of Congress in 1996). Will the positive trends continue if Dims control both houses of Congress AND the White House. No, they won’t. But, the media will, as usual, lie and distort. And, the terminally gullible will, as usual, believe every word of it.

Friday, May 16, 2008

Insanity Defined

===========================================
5/19/2008 - Life is Better in the Red States
===========================================


Carpe Diem noted the current economic conditions in Texas.

Meantime, even the farthest of the Far Left states are already rebounding.


===========================================
5/16/2008 - Expanded to Include a Gas Tax Map
===========================================

It has been said that one definition of insanity is doing the same thing over and over again and expecting different results each time.

So-called “Liberals” do that all the time. They apply the same tired old Socialist theory, watch it fail, tweak it (or simply rename it), watch it fail again and repeat the cycle ad infinitum. After each failure, they swear the theory is good, only the implementation was bad and this time it’s going to work. But, it never does (and they never learn).

Fast forward to today and the two hot (and interrelated) topics on the campaign trail, the economy and the price of gasoline. So-called Liberals promise they will “fix” both issues. But, just one glance at the following four maps proves that anyone who believes that fits the aforementioned definition of insanity:

1) So-called Liberal voters are evident in this map of Presidential election results for 2004. Darker red denotes stronger support for Bush. Darker blue denotes stronger support for Kerry (click the image to enlarge, click here for the source image):



I use the above image merely as an indication of the national voting habits which generally translate to the state level voting habits (and the ensuing harmful state legislation).

2) The following map documents the cents per gallon in taxes paid for a gallon of gasoline in each state (blue is lower & red is higher). Note that, as is described here, there are other legislative factors which come to bear beyond direct taxation at the pump. Click the image to enlarge, click here for the source image:



3) The following map documents the price of gasoline as of 5/10/2008. Darker red denotes higher gas prices (click the image to enlarge, click here for the most recent data):



4) The following map documents the unemployment data as of March, 2008. Darker blue denotes higher unemployment (click the image to enlarge, click here for the most recent data):



Does anybody notice a general pattern among these four maps? It’s not exact, but it’s pretty darn close.

And yet, tens of millions of so-called Liberals will, in 2008, vote for more of the same that got them where they are. And they will have absolute conviction that doing so will reverse the trends that got them where they are.

Yep, that’s insanity all right!

If it Feels Good, Do it

The Woodstock generation proclaimed:
“If it Feels Good, Do it”:


Some of that generation were fortunate enough to outgrow that hedonistic, self-absorbed, self-destructive “philosophy”. Others used it as the foundation of their political ideology well beyond the point where their ponytails turned gray.

Thomas Sowell, in a three part series, has now laid bare, for all to see, exactly why so-called “Liberals” repeatedly exercise their precious liberties in such a self-destructive manner:

1) Too "Complex"?

2) Too "Complex"?: Part II

3) Too "Complex"?: Part III

Basically, so-called “Liberals” never outgrew the “philosophy” of their Woodstock days. Worse still, all too many went on to become university professors indoctrinating the next generation in their self-destructive “philosophy”.

Wednesday, May 14, 2008

Who Stole The American Spirit?

Folks, this is what happens when naïve individuals fall for the hysteria peddled by so-called “journalists” (and worse) who are either too ignorant to know better, are just following the herd or are looking to hand the White House to a Democrat (or, more likely, all of the above).

Quoting this excellent commentary:

“[T]here is something both startling and disturbing about the gloom that has settled over Wall Street and the country in general. In fact, looking back over the past century, it would be a stretch to rank the current problems as especially notable or dramatic. Something else is going on – namely a cultural rut of pessimism that is draining our collective energy, blinding us to possibilities, and eroding our position in the world.”

There are extremely relevant, objective and quantitative perspectives offered in that commentary which makes it well worth the short read.

Here are some additional perspectives:

1) In the prelude to the 2001 recession, the NASDAQ lost almost 70% of its value in less than 13 months.

And yet, as I documented here, the 2001 recession was the second shortest recession since World War II and arguably the least severe recession since World War II.

When somebody can document that, nationwide, the median home value declined by almost 70%, I will begin to think that we might be in for a really mild recession. Until then, it’s all just a bunch of hysteria pimping from so-called “journalists”.

2) With a giant hat tip to an excellent blog (Carpe Diem), click each of the images below to read the associated blog post:

Gas At Historical Highs? Not Even Close When Considering Income is Also at Historical Highs
Click the image to read the associated blog post



Gas At $3.56 Per Gallon Is A Bargain, Adjusting for The 71% Increase in Fuel Efficiency Since 1973
Click the image to read the associated blog post



And You Thought Gasoline Prices Were High? The U.S. Postal Monopoly Has Its Privileges
Click the image to read the associated blog post



And, there’s a great deal more fine perspective on the current state of our economy at Carpe Diem.

Monday, May 5, 2008

Climate Change Videos

Each of the next four videos features IPCC scientists who question the extent of Man Made Global Warming and whether Man Made Global Warming represents a climate crisis or even anything we should be remotely concerned about.

Video
Stossel vs. An Inconvenient Truth
:
(Note how children are abused by Environmental Extremist scare tactics)



Video
Government Policy -
FAR More Dangerous Than Climate Change:



Video
The Great Global Warming Swindle:



Video
Climate of Fear:



Video
Air Con - Part I:



Video
Weather Channel Founder and Meteorologist John Coleman:



And, more observations from John Coleman.

After reviewing all of this (or not), review a six step template for advancing any Environmental Extremist nonsense you like.

Now, witness how easy it is to use even one or two portions of that template to get recruits signed onto your new cause (no matter how crazy):



Video
Environmental Activists Sign a Petition to Ban Water:




Oh heck, while we’re at it, let’s take a look at eco-Imperialism. It’s all interrelated.

Return to Climate Change 101

Saturday, April 26, 2008

The Ethanol Debacle

Let’s review the Ethanol debacle (finally getting some attention in the so-called “Mainstream Media”):

1) Government, under pressure from environmental extremists, mandates Ethanol use:

http://www.heritage.org/Research/energyandenvironment/wm1879.cfm

http://www.google.com/search?hl=en&q=ethanol+mandate

2) But:

A) Even the “true believers” in Man Made Global Warming report that:

“When you tote up the carbon emissions caused by clearing land to grow corn, fertilizing it and transporting it, corn ethanol leaves twice the carbon footprint as gasoline.”

B) And, peer reviewed science says double the carbon footprint may be on the low end of the estimates:

“last September, an article in the prestigious journal Science demonstrated that global ethanol production emits two to nine times the greenhouse gas emissions ‘saved’ by substituting it for gasoline”

Another peer reviewed study finds:

“corn-based ethanol, instead of producing a 20% savings, nearly doubles greenhouse emissions over 30 years and increases greenhouse gases for 167 years. Biofuels from switchgrass, if grown on U.S. corn lands, increase emissions by 50%. This result raises concerns about large biofuel mandates”

C) Besides having two to nine times the carbon footprint (as if that mattered), Ethanol also directly results in a real impact on Global Warming which far exceeds any impact which fossil fuels ever have had or ever will have (tropical rainforest destruction):

http://news.mongabay.com/2007/0516-ethanol_amazon.html

http://blogs.wsj.com/environmentalcapital/2008/01/30/the-forest-for-the-trees-ethanol-and-deforestation/

3) Worse still:

New demand for corn to produce Ethanol results in skyrocketing prices for corn. That, in turn, results in skyrocketing prices for gasoline, beef, pork, chicken, milk etc. and creates inflationary pressures driving the economy down (meaning less money available for real private sector entrepreneurs to find real solutions):

http://www.google.com/search?hl=en&q=ethanol+corn+price

http://www.google.com/search?hl=en&q=ethanol+corn+price+beef+OR+pork+OR+chicken+OR+milk

http://www.financialsense.com/editorials/cooke/2007/0202.html

But, those “unintended consequences” associated with Ethanol would have been obvious to anybody with even a basic understanding of science, economics and markets.

Wednesday, April 23, 2008

Is CO2 a Primary Driver of Climate Change?

1/31/09 Update: Click here for a related analysis of temperature driving CO2.
3/8/16 Update: Fixed a broken link.

Q) Has atmospheric CO2 historically (over the last 650,000 years) driven temperature?

A) No! Over that time frame, temperature has primarily driven atmospheric CO2 (and Milankovitch cycles have primarily driven temperature). As temperatures rise, CO2 is released from the oceans. As temperatures decline, CO2 is reabsorbed into the oceans.

Note: In this post, I will present 4 independent examples of peer reviewed science published in peer reviewed science journals which demonstrate the above conclusion. These studies were published in 1999, 2001, 2003 and 2005. If there exists any peer reviewed study which has ever found otherwise, I am unaware of it.

Q) Does this mean Man Made CO2 does not warm the planet?

A) No. Man Made CO2 does warm the planet, but not enough to matter (ever). In fact, a peer reviewed study published in November of 2007 concludes that continuing on our present course is unlikely to raise temperatures by much more than 0.4C over the next 100 years:

Here is the peer reviewed science which proves the above conclusion.

Here is the published version of the above peer reviewed science.

Here is a slightly more lay person friendly discussion (from a PhD Physicist) of the above peer reviewed science.
(Included is the analysis of why we could expect about 0.4C of man made warming in the next 100 years.)

Here is just a sampling of how the scientific community has reacted to this very recent peer reviewed paper (and others).

The core argument in asserting CO2 driven Climate Change is the fact that, for hundreds of thousands of years, there has been a close correlation between temperature and atmospheric CO2. This correlation is, quite accurately, presented in charts like this one from The Sierra Club:


Click here to view the image on the Sierra Club server.


The implication is that CO2 has historically driven temperature and that any elevation of CO2 above relatively recent historic norms will result in a corresponding increase in temperatures above historic norms.

But:

1) Over the last 600 million years, it is only in the relatively recent past that we’ve seen any consistent correlation between temperature and CO2:

Click the image to enlarge it:
Click the image to enlarge it
Click here to learn more about this chart.

A) Sources for the above chart:

i) The Paleomap Project by Dr. C.R. Scotese, a PhD geologist at the University of Texas at Arlington.

ii) R.A. Berner, 2001 (GEOCARB III), as published in the American Journal of Science, Vol. 301, February 2001, P.182-204.

B) Note, in the above chart, that we are presently in one of the three coldest periods ever seen in the last 600 million years. In fact, quoting this source:
"During most of the last 1 billion years the earth had no permanent ice [as it cycled (NATURALLY) in and out of multi-million year Ice Ages]"
Another Note: When I followed the instructions contained in Geocarb III for translating RCO2 into ppm, the chart which I created (using the Geocarb III data file downloaded from this NOAA page) showed the exact same pattern as the above chart, but it showed even higher levels of historic CO2 ppm than that chart:
Click the image to enlarge it:
Click the image to enlarge it

2) About 500 to 600 million years ago, CO2 was, due to volcanic activity, about 20 times higher than today (using the Geocarb III data file, my chart and a current CO2 level of 385 ppm). That conclusion is very consistent with this additional chart. If “runaway global warming” was ever going to happen, it would have happened then. It did not. To the contrary, about 460 million years ago, when CO2 levels were about 10-15 times higher than today, the planet fell into one of the three coldest periods in the last 600 million years (much like the present period).

3) At about 386ppm CO2, we are already about 29% above relatively recent historic highs for CO2.

4) And yet, we are not yet as warm as any of the previous four perfectly normal, perfectly natural interglacial warming periods:
Click the image to enlarge it.
Click here to further put current temperatures in perspective
(and, more readily verify the source data used in the chart).

Click the image to enlarge it


Note: The current interglacial warming period is, in no way, unprecedented. According to NASA, there have been:
around 100 [glacial/interglacial cycles] in the last 2.5 million years

5) In fact, as the following NOAA chart clearly demonstrates, temperatures were more than 2C higher as recently as 8-10 thousand years ago (at what may well turn out to have been the apex, or climatic optimum, for the current interglacial warming period):

Click to view the NOAA source image

Again, click the above image to view the NOAA source image. Aside from being mirror images of one another, the above NOAA chart is perfectly consistent with my own chart of the very same data (dating back to 140,000 years ago).

So, how do we reconcile these observations with the historic data? All we need to do is take a closer look at the historic data (and find that, over the last 650,000 years, temperature has driven CO2, and not the other way around)!

We can then more easily understand why the previously mentioned peer reviewed study examining “Climate Sensitivity” determined that continuing on our present course is unlikely to raise temperatures by much more than 0.4C over the next 100 years.

Every peer reviewed ice core study I've ever seen shows that, over the last 650,000 years, CO2 has risen in response to rising temperatures and CO2 has decreased in response to decreasing temperatures.

Quoting from Fischer, H., M. Whalen, J. Smith, D. Mastroianni, and B. Deck, 1999: Ice core records of atmospheric CO2 around the last three glacial terminations. Science, 283, 1712-1714:
"carbon dioxide concentrations increased by 80 to 100 parts per million by volume 600 ± 400 years after the warming of the last three deglaciations."
In other words:
Warming occurred first and, in response, atmospheric CO2 rose 2 to 10 centuries later.

"Despite strongly decreasing temperatures, high carbon dioxide concentrations can be sustained for thousands of years during glaciations"
In other words:
High CO2 concentrations "can be sustained for thousands of years" while at the very same time we see "strongly decreasing temperatures" leading us into AND thousands of years through a glacial period (aka Ice Age).

This study was credible enough for the IPCC to cite it in their 2001 Third Assessment Report (even if they completely ignored one side of the findings and applied their own CO2-centric political spin to the other side of the findings):
lags of up to 2,000 to 4,000 years in the drawdown of CO2 at the start of glacial periods suggests that the low CO2 concentrations during glacial periods amplify the climate change but do not initiate glaciations (Lorius and Oeschger, 1994; Fischer et al., 1999).

The "References" page of the above report clearly refers to the same study I've linked to:
Fischer, H., M. Whalen, J. Smith, D. Mastroianni, and B. Deck, 1999: Ice core records of atmospheric CO2 around the last three glacial terminations. Science, 283, 1712-1714.


The following are quotes from a November, 2005 peer reviewed study. Each quote links to the associated peer reviewed study. In total, we have here four independent studies demonstrating that, historically, temperature has driven CO2, not the other way around:
Fischer et al. (5) concluded that CO2 concentrations lagged Antarctic warmings by 600 ± 400 years during the past three transitions.

Monnin et al. (9) found a lag of 800 ± 600 years for termination I

Caillon et al. (32), with use of the isotopic composition of argon in air bubbles instead of deuterium, calculated a value of 800 ± 200 years for termination III.

Additionally, Siegenthaler, et al. report observed lags of:
"800, 1600, and 2800 years"
and go on to report:
"the best correlation for a lag of CO2 of 1900 years".

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