Tag Archives: Academic

Obama to appoint anti-business radical to regulate businesses?

From ABC News. (H/T Verum Serum)

Excerpt:

President Obama will announce this week that Elizabeth Warren, the Harvard Law School professor who first proposed the Consumer Financial Protection Bureau, will be named to a special position reporting to both him and to the Treasury Department and tasked with heading the effort to get the new federal agency standing, a knowledgeable Democrat told ABC News.

Warren currently chairs the Congressional Oversight Panel of the Troubled Assets Relief Program and has been seen by many on the Left as a force for greater accountability and transparency, and a check against the forces in the Obama administration more closely allied with the financial sector. Many officials in that sector eye her warily as too anti-business…

Naming Warren as an assistant or counselor to both the president and Treasury Secretary Tim Geithner would allow the president to bypass a Senate confirmation process that could prove lengthy and contentious.

Morgen writes:

The official White House announcement tomorrow will no doubt emphasize Warren’s role in originating the idea for this agency, and her impressive academic credentials. (Credential number one – she’s a “dear friend” of Obama’s dating back to law school.)

But expect there to be major fireworks over this appointment. Just how anti-business is Warren? Here is only a preview, from her blog on TPM in 2005 (emphasis added):

The middle class is being carved up as the main dish in a corporate feast.  Strugging with flat incomes and rising costs for housing, health care, transportation, child care and taxes (yes, taxes), these folks are under a lot of financial strain.  And big corporate interests, led by the consumer finance industry, are devouring families and spitting out the bones.

Well, I think it’s safe to say she isn’t a fan of this particular industry, if not corporations in general. But with the Consumer Financial Protection Agency charged with regulating everything from mortgages to credit cards, and the companies who market them, you would think it would be helpful to have someone with at least a semblance of impartiality heading it up.

Apparently the White House disagrees.

This is why corporations aren’t hiring. They’re waiting for anti-business Obama to get voted out in 2012.

US money supply contracting at Great Depression levels

The most-read story today on the UK Telegraph. (H/T ECM)

Excerpt:

The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history.

The M3 figures – which include broad range of bank accounts and are tracked by British and European monetarists for warning signals about the direction of the US economy a year or so in advance – began shrinking last summer. The pace has since quickened.

The stock of money fell from $14.2 trillion to $13.9 trillion in the three months to April, amounting to an annual rate of contraction of 9.6%. The assets of insitutional money market funds fell at a 37% rate, the sharpest drop ever.

“It’s frightening,” said Professor Tim Congdon from International Monetary Research. “The plunge in M3 has no precedent since the Great Depression. The dominant reason for this is that regulators across the world are pressing banks to raise capital asset ratios and to shrink their risk assets. This is why the US is not recovering properly,” he said.

What should we expect from a man who opposes capitalism? Well, we should expect to be poor. We should expect to be as poor as people were during the Great Depression.

I have an idea. Next time, let’s elect someone who is responsible enough to have his own credit card.

MUST-READ: Why women today are refusing to have children

This article from Maclean’s magazine, (Canada’s most popular magazine), has about 400 comments right now. (H/T Andrew)

The article explains why people, especially women, are refusing to have children.The entire tone of the article is extremely narcissistic, which is exactly what I have argued follows from the denial of God. If there is no God, there are no objective moral values, no moral obligations and no human rights. The purpose of life is to have happy feelings, and to force others to give you happy feelings. Survival of the fittest.

The facts:

“Are you planning to have children?” is a question Statistics Canada has asked since 1990. In 2006, 17.1 per cent of women aged 30 to 34 said “no,” as did 18.3 per cent of men in the same category. The U.S. National Center of Health Statistics reports that the number of American women of childbearing age who define themselves as “child-free” rose sharply in the past generation: 6.2 per cent of women in 2002 between the ages of 15 and 44 reported that they don’t expect to have children in their lifetime, up from 4.9 per cent in 1982.

You might say that adults who will depend on the taxes paid by other people’s children for their retirement and health care are not just selfish and narcissistic, but also morally evil. But they don’t agree.

See, their narcissism is actually virtuous because we need to save the planet!

In a culture in which Jennifer Aniston’s childlessness provides weekly tabloid lamentations, a female star who goes public with a decision to remain so demonstrates courage. In a recent interview in U.K. Cosmopolitan, the 36-year-old actress Cameron Diaz, who is childless, expressed a disinclination to have children, citing environmental reasons: “We don’t need any more kids. We have plenty of people on this planet.”

Selfishness is morally good! And you know what else is good? Viewing children as parasites who disrupt your selfish hedonism.

Now the childless in North America have their most defiant advocate in a mother of two: Corinne Maier, a 45-year-old French psychotherapist whose manifesto, No Kids: 40 Good Reasons Not to Have Children, created a furor when published in France last year. Count on the same happening when it’s released here this week. Among Maier’s hard-won advice: “If you really want to be host to a parasite, get a gigolo.”

One woman laments the fact that you can’t abort children after they are born, in case you don’t like them.

The American author Lionel Shriver, who never wanted children, writes in “Separation From Birth” that her greatest fear “was of the ambivalence itself”: “Imagine bearing a child and then realizing, with this helpless, irrevocable little person squalling in its crib, that you’d made a mistake. Who really, in that instance, would pay the price?”

And women who choose not to have children are victims of mean, judgmental people!

Speaking from her home in Brussels, Maier says she was prompted to write No Kids by a conversation she had with two female friends in their 30s who told her they felt like social deviants because they didn’t want children. That perception is well-founded, she writes: “To be childless is considered a defect; irrevocably judged, those who just don’t want children are also the objects of pity.” But Maier believes “conscientious objectors to this fertility mythology” should be rewarded, not stigmatized. “To have a kid in a rich country is not the act of a citizen,” she writes. “The state should be helping those who decide not to have children: less unemployment, less congestion, fewer wars.”

But it goes much further:

Maier doesn’t mince words, calling labour “torture,” and breastfeeding “slavery.” The idea that children offer fulfillment is also dismantled: “Your kid will inevitably disappoint you” is reason No. 19 not to have them. Much of what she has to say won’t be breaking news to most parents: children kill desire in a marriage and can be demanding money pits. Without them, you can keep up with your friends and enjoy your independence.

Research backs Maier’s assertions. Daniel Gilbert, who holds a chair in psychology at Harvard and is the author of the 2006 best-seller Stumbling on Happiness, reports that childless marriages are far happier. He also reports researchers have found that people derive more satisfaction from eating, exercising, shopping, napping, or watching television than taking care of their kids: “Indeed, looking after the kids appears to be only slightly more pleasant than doing housework,” he writes in Stumbling on Happiness.

[…]Over-attentive focus on children saps cultural creativity, she argues: “Children are often used as an excuse for giving up on life without really trying. It takes real courage to say ‘Me first.’ ”

And look how wisely Canadian taxpayer dollars are being spent.

Ingrid Connidis, a sociologist at the University of Western Ontario and the author of Family Ties and Aging, has conducted pioneering studies among people 55 and over that distinguish between those who are childless by choice and those who are childless by circumstance. All have adapted, she says: “But the childless by choice are more content, have higher levels of well-being and are less depressed.”

And Canada also spends taxpayer money on studies (conducted by feminist academics) to demonstrate the need for polygamy. Well, what else is the Justice Department and the commission on the Status of Women supposed to do with all the money they collect from working families? Give it back to the families? Families are just going to spend their own money on beer and popcorn! What we really need is taxpayer-funded day care!

What I learned from this article

The point of this article for me is that some women (and men!) are just blundering their way through life grasping at pleasure wherever they can find it, and justifying their narcissism with a lot of lies. They don’t want to commit. They don’t want to love. They don’t want to be responsible for other people who need them. A man would have to be supremely ignorant to get married and have children in this environment.