Reagan’s Legacy

The Reagan Legacy
George Gilder

Ronald Reagan’s legacy is a new epoch of American leadership in liberty and strength. Through his economic policies, Reagan brought the United States to world leadership among major industrial nations in all the key dimensions of economic growth: investment (51 per cent growth), industrial production (30 per cent growth), manufacturing productivity (26 per cent growth), job creation (15 million new jobs), real per-capita income (18 per cent increase), and technological innovation (a rising U.S. market share in information technologies).

Defying a worldwide siege of economic stagnation, the Reagan boom was unique in the postwar era. By contrast, the U.S. economic recoveries of the 1950s, 1960s, and 1970s all fed on faster growth abroad. During all these prior upturns, the U.S. lagged behind Europe and Japan in all the key indices of expansion. During the Reagan era, the U.S. surpassed Europe by a wide margin and caught up with Japan in rates of economic growth, and led the world in growth of investment and employment. Since Reagan assumed office, the U.S. has been the only major industrial nation to increase investment as a share of GNP or to reduce unemployment.

The Trouble With Liberals

“The trouble with our liberal friends is not that they’re ignorant: It’s just that they know so much that isn’t so.”
— Ronald Reagan

The election proved it’s quite easy to make idiot voters out of ignorant people. The gubbermint screwl system provides the ignorants in prodigious quantity to make it easy.

Global Cooling

Narwhal whales, trapped in rapidly advancing sea ice — This is a direct consequence of the Arctic Ice rebuilding at record setting rate in 2008, not the envisioned outcome of the alarmist who were spreading the ice free Arctic for the last few years. So what happened? Simple, the weather has turned against the alarmists, making their tale of woe a harder sell. Now with the economy crashing worldwide, it’s just going to get tougher to sell the ‘hottest hoax’ around.

The narwhal whale is an arctic-dwelling whale that has been called ‘the unicorn of the sea’ due to its long pointy tusk. There is debate about the true purpose of this tusk, but finally the truth is revealed! The narwhal uses its tusk to impale the cute animals of the world, specifically baby seals, baby penguins and koalas.

So Where Do The Cap And Trade Taxes Go ?

You probably were thinking all the “cap and trade” money raised for the phony hoax of AGW were going to be used to save the planet? Well they aren’t saying so, but you may be able to figure out by observing what happened with the tobacco settlement money. You do remember all the promises about that settlement, don’t you? The money was to be used for prevention and education programs.

But then reality hits, and you realize in the 10 years since the landmark tobacco deal, the states have received $79.2 billion of the settlement and another $124.3 billion from tobacco taxes, but have spent only about 3 percent of it — $6.5 billion — on tobacco prevention and cessation programs, the groups said in a report.

Cold, Hard Facts

IBD has an interesting article on the latest data fake out by NASA’s Dr Hansen.

Despite record snows and low temperatures around the world last month, a major Al Gore supporter says October was the hottest on record. The only thing being cooked here is not the Earth, but the books.

Since it’s now been established that the Al Gore film was mostly fiction, there isn’t much else you can do but fake the data and cook the books. Apparently that is what NASA’s Hansen thinks should pass for science to back up the AGW hoax.

Huge Natural Gas Discovery At North Slope, Alaska

Alaska’s North Slope is home to more than 85 trillion cubic feet of natural gas in the form of gas hydrates that can be extracted using current technology, the U.S. Interior Department estimated in a study released Wednesday.

“This is a huge source of untapped energy,” Interior Department Secretary Dirk Kempthorne said at a press conference, according to Reuters. “These ice-like solids can be turned into usable natural gas.”

The study was the first-ever assessment of technically recoverable natural gas hydrates, which are crystalline solid structures that contain methane-gas molecules. The amount of gas discovered is estimated to be enough to heat more than 100 million homes for a decade.

Scientists have been speculating for years that the Arctic region as a whole holds vast frozen gas deposits, and the U.S. Geological survey predicted last year that the Arctic could contain 1,670 trillion cubic feet of natural gas. Of course, when it comes to Alaska and the Arctic’s vast energy potential, most of the interest has been in oil, to fill the existing pipeline. The agency also predicted last year that the area contains about 25 percent of the world’s undiscovered oil reserves, or about 90 billion barrels of oil that could supply the world with energy for three years.

Looks like Gov Palin’s natural gas pipeline was quite timely.

Natural gas can be easily converted into liquid petroleum fuels like gasoline and diesel — As a side benefit, the converted fuel is often cleaner than regular oil based fuels, because of the lower impurity of the base natural gas. The resultant vehicle emissions are also reduced with the converted fuel. The converted fuel can also be mixed with conventional oil based fuel with no changes needed for existing engines.

Famous Quotes

“Most people understand that if you are not caring for your family, then you are probably not the kind of person who is going to be caring for other people.” — Barack Obama, October 23, 2008

Granny Dunham, the rock in Barack Obama’s life was buried today, Obama couldn’t make the funeral. Granny Dunham has served her purpose during the campaign, as the ever important “rock of the family” yet “typical white person” in now President-elect Barack Obama’s life. After a silent, but both respected and disrespected foil in Obama’s campaign, she died election day. Obama made barely the slightest mention of her passing. Today he even skips her funeral.

Reread the first paragraph.

The Biggest Myth Of All

Associations

Associate yourself with men of good quality if you esteem your own reputation. It is better be alone than in bad company. — George Washington

Words that describe Barack Obama perfectly.

Raising Taxes Stops Recession

Causes depression. Suitably Flip has an analysis of the 1930s which offers some insight into what went wrong, and why the 1929 crash turned into the 1930s decade long depression.

When government tax receipts go down, government thinks raising taxes will fix. Sounds like an Obama spokesman talking, doesn’t it.

Let’s not forget the New Deal, the make work era of America. One characteristic of make work, building dams, bridges, roads, even low income housing projects, once the work is done, the workers return to the unemployment lines. Long term sustainable employment comes only when people are employed providing goods and services that other people want to purchase, with their income. It’s the circle of economic life, drives an economy, propels everyone to a higher standard of living. Many fail to grasp this basic tenet of what free market economies are all about.