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Archive for October 30th, 2008

Obama and the politics of crowds

Posted by Richard on October 30, 2008

Fouad Ajami in today's Wall Street Journal:

There is something odd — and dare I say novel — in American politics about the crowds that have been greeting Barack Obama on his campaign trail. Hitherto, crowds have not been a prominent feature of American politics. We associate them with the temper of Third World societies. We think of places like Argentina and Egypt and Iran, of multitudes brought together by their zeal for a Peron or a Nasser or a Khomeini. In these kinds of societies, the crowd comes forth to affirm its faith in a redeemer: a man who would set the world right.

As the late Nobel laureate Elias Canetti observes in his great book, "Crowds and Power" (first published in 1960), the crowd is based on an illusion of equality: Its quest is for that moment when "distinctions are thrown off and all become equal. It is for the sake of this blessed moment, when no one is greater or better than another, that people become a crowd." These crowds, in the tens of thousands, who have been turning out for the Democratic standard-bearer in St. Louis and Denver and Portland, are a measure of American distress.

On the face of it, there is nothing overwhelmingly stirring about Sen. Obama. There is a cerebral quality to him, and an air of detachment. He has eloquence, but within bounds. After nearly two years on the trail, the audience can pretty much anticipate and recite his lines. The political genius of the man is that he is a blank slate. The devotees can project onto him what they wish. The coalition that has propelled his quest — African-Americans and affluent white liberals — has no economic coherence. But for the moment, there is the illusion of a common undertaking — Canetti's feeling of equality within the crowd.

Read. The. Whole. Thing.  

 

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Udall’s promises cost ten times Schaffer’s

Posted by Richard on October 30, 2008

The National Taxpayers Union Foundation (research arm of the National Taxpayers Union) compared the campaign platforms of the U.S. Senate candidates in Colorado, Nebraska, and New Mexico, and assessed the fiscal impact of their promises. In the Colorado race, Mark Udall's promises are far more expensive than Bob Schaffer's:

In preparing the study, NTUF reviewed the candidates' campaign Web sites and news reports to find any proposals that would impact the federal budget. Cost estimates come from a variety of independent sources, including Congressional Budget Office reports and data from NTUF's BillTally cost-accounting system, which since 1991 has computed a net annual agenda for each Member of Congress based on their sponsorship of bills. Among the findings:

  • Udall has offered 54 proposals that would affect federal spending – 25 of which would increase annual outlays, three of which would decrease expenditures, and 26 of which have unquantifiable fiscal effects — for a net annual spending hike of $55.3 billion.
  • Schaffer has offered 41 budget-related items — nine of which would boost annual federal spending, three of which would cut it, and 29 of which have costs that could not be calculated – for a net annual spending hike of $5.8 billion.

In fact, of the six candidates in the three states analyzed, Mark Udall is by far the biggest spender. The runner-up, at $25 billion, is New Mexico Democratic candidate Tom Udall. Maybe it's something in the DNA.

The most frugal of the six is New Mexico Republican candidate Steve Pearce, with a net increase of only $345 million. 

I suspect that most of the estimates significantly understate the true cost. Many of the campaign promises have a fiscal impact judged "unquantifiable." I strongly suspect that "unquantifiable" is not "costless" — not by a long shot.

The analyses for all six (in PDF form) are linked on this summary page.

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Gas prices and wackonomics

Posted by Richard on October 30, 2008

Last night, I gassed up at King Soopers (that's a supermarket, a Kroger subsidiary, for you easterners). Taking advantage of the ten-cent discount I'd earned buying groceries, I paid $2.239 per gallon. That's quite a drop from the $4.19 or so I paid back in July. So I completely understand Walter Williams' latest column, Wackonomics:

For the U.S. Congress, news media, pundits and much of the American public, a lot of economic phenomena can be explained by what people want, human greed and what seems plausible. I'm going to name this branch of economic "science" wackonomics and apply it to some of today's observations and issues.

Since July this year, crude oil prices have fallen from $147 to $64 a barrel. Similarly, average gasoline prices have fallen from over $4 to a national average of $2.69 a gallon. When crude oil and gasoline were reaching their historical highs, Congress and other wackoeconomists blamed it on greedy oil company CEOs in their lust for obscene profits. But what explains today's lower prices? The only answer, consistent with wackonomic theory, is easy: Oil company CEOs have lost their lust for obscene profits. …

Speaking of CEOs, there's the "unconscionable," "obscene" salaries they receive, in some cases over $10 million a year. Wackonomics has an easy answer for these high salaries: it's greed. However, CEOs don't have the corner on greed. There are other greedy people we don't scorn but hold in high esteem. According to Forbes' Celebrity 100 list, Oprah Winfrey receives $275 million, Steven Spielberg gets $130 million, Tiger Woods $115 million, Jay Leno $32 million and Dr. Phil $40 million. I need to talk to these people and learn their strategy. I've been making every effort to get that kind of money. I go to bed greedy, dream greedy dreams, awaken greedy and proceed through the day greedy. Despite my heroic efforts, it's all been for naught; I earn a pittance by comparison.

Read the whole thing.

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Contemptible form of sexism

Posted by Richard on October 30, 2008

I just saw Ben Stein interviewed by Craig Ferguson on the Late Late Show. He praised McCain effusively, but said his first impression of Sarah Palin, upon meeting her prior to some local talk show, was that she must be a hooker promoting a sex book.

Ben Stein is a conservative whose most recent claim to fame is a ridiculous documentary film promoting the anti-science, anti-reason "creation science" against the theory of evolution. 

His dissing of Palin echoes what other members of the "intelligentsia," right and left, have said. 

Apparently, the New York / Washington / Hollywood "intelligentsia" simply can't take seriously a woman who just happens to be cute or pretty

It seems to me that that's the worst kind of sexism. 

But apparently, NOW doesn't care.

Disgusting.

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TV viewing update

Posted by Richard on October 30, 2008

No, I'm not watching the Obama infomercial. Don't be silly! You can't trust infomercials.

More importantly, Pushing Daisies is on.  Thanks, ABC!

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