Issue CLXXX

December 16-17, 2008

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Culture
The Socialist and the Stone:
Selwyn Duke

December 16, 2008
When Selwyn Duke was still within a stones’ throw of ladhood, he had an acquaintance who was essentially a socialist.  Mr. Duke relates a story of his encounter with this man's worldview, and what it taught him about the motivations behind many people's desires to redistribute wealth and hobble competence.

Economics
Unlocking Resources Could Fix the Financial Crisis:
Marita Noon

December 17, 2008
Alaska ’s citizens don’t pay taxes and even get a bonus check each year from the state government. Why is Alaska in such good financial shape while many other states and the federal government are facing record deficits? The answer is simple. Alaska maximizes its development of natural resources. Marita Noon recommends that the U. S. Congress lift a wide variety of restrictive energy policies that prevent a similar maximization in the rest of the country.

Structural Obstacles are Penalizing Innovation in Europe:
Molinari Economic Institute

December 17, 2008
The financial crisis and a looming recession could have adverse effects on the resources available for investment in research and development (R&D). These effects will be made all the most painful by a series of regulations instituted gradually over the last several decades that make the market more rigid and could prevent companies from innovating and adapting flexibly to current challenges. A new study from the Institut économique Molinari (IEM) says innovating companies have to deal in particular with three types of public policy whose indirect effects on innovation are little known or underestimated in public debate.

 
Politics
Act Now to Reject Constitutional Convention:
Chuck Baldwin

December 16, 2008
The modern Constitutional Convention effort began back in the 1970s. Since then, 32 states have issued the call. The total number of states that are required to enact the Constitutional Convention is 34. Simple math reveals that we are only two states short of this disaster, and Ohio is considering calling for a Convention. Dr. Chuck Baldwin writes that, given the kinds of politicians who are likely to be present at the convention, it is imperative to stop this effort and preserve the Constitution written by the American Founders, who understood liberty far better than those currently in power.

Obama Wants a Climate Czar... But Al Gore Has No Consensus:
Tom DeWeese

December 16, 2008
As Al Gore continues to issue the same tired warning, there has been no chaos, no flooding, and no eco-refugees. However, what has occurred is an outpouring of dissent against the theory of human caused global warming fears. Tom DeWeese presents an overwhelming list of articles about how anthropogenic global warming is increasingly coming into question among the world's top scientists. Why does new President-Elect Barack Obama want to create a cabinet position for a “Climate Czar” even though there is so much proof that man-made global warming is little more than a hoax?

Rethinking the Middle East:
Alan Caruba

December 16, 2008
After 9/11 much of Alan Caruba's thinking reflected the general view that Al Qaeda had to be found and destroyed. He thought, too, that Saddam Hussein had to be removed as an obstacle to stability in the Middle East given his invasion of Kuwait and general belligerence. Since those days Mr. Caruba has had plenty of time to reassess his views of U.S. policies and to educate himself regarding the Middle East. A lot of his thinking had been based on the inescapable fact that the U.S. and the West needs access to Middle Eastern oil.

The Liar-Elect and the Death of America:
Alan Caruba

December 17, 2008
Just because President Bush, whose family fortune was built on the oil industry, and now Barack Obama, President-elect, say we are addicted to oil does not make that true, but Obama goes way beyond that statement to claim as he did in naming his energy and environmental team, that the world is running out of oil. That, too, is a lie. Alan Caruba discusses the many falsehoods that Obama and his supporters are using to justify regulating and restricting Americans' use of energy.

How Obama and the Democrats Will Destroy the U. S. Economy:
Alan Caruba

December 17, 2008
When Alan Caruba heard President-elect Obama speak casually of “bankrupting” the coal industry because of its role as a source of greenhouse gas emissions, he knew that Obama would become a serious threat to the economy of the nation.Obama enters the Oval Office as perhaps the President who is most committed to the murderous objectives of the environmental movement that took root and has expanded since the 1960s.

Ready for the Great Negotiation? You Better Be!:
Jim Camp

December 17, 2008
The November 24 cover of Time magazine pictured President-elect Barack Obama as the reincarnation of Franklin Delano Roosevelt. Obama has a lot of charisma and appeals to the emotions of many Americans today, but many of his policies may add to the current problems rather than solve them. America is at a critical moment. Our effectiveness as individuals, as citizens, in negotiation has never been more important in our lifetimes. Jim Camp urges all rational, thinking individuals to participate and let the President-elect and your representatives know your thoughts.

Filling the Federal Coffers:
Marita Noon

December 17, 2008
A week before the election, the news was abuzz over ExxonMobil’s record profits—with some even calling the number obscene. Marita Noon looks at the issue, differently, however. Sure, ExxonMobil had $14 billion in profits, but it paid more than twice that in taxes: $32 billion—and these numbers are just from one quarter! The taxes paid through the third quarter are $94 billion, and this figure doesn’t even include bonus bids or royalty payments to the taxpayer.

"Contradictions do not exist. Whenever you think you are facing a contradiction, check your premises. You will find that one of them is wrong." 
~ Ayn Rand

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