Tag Archives: Finance

Are liberals or conservatives more likely to believe in weird things?

From the leftist Washington Post, of all places. (H/T ECM)

Excerpt:

A belief in astrology is surprisingly widespread in modern America. The National Science Foundation recently released a report reviewing scientific knowledge and attitudes. As noted by Chris Mooney at Mother Jones, perhaps NSF’s most striking finding was an increase in the belief in astrology from 32 percent in 2006 and 35 percent in 2010 to 45 percent in 2012.

At the Demography of Diversity Project at Northwestern University, we took the same astrology data from the General Social Survey that NSF used and broke it down further by political party and liberal-conservative orientation. The results can be found in a brief report that I put up at the Social Science Research Network: “Who Believes That Astrology is Scientific?”

Here are the top 3 groups:

1. Conservative Democrats

In the 2012 General Social Survey, 56.9 percent of conservative Democrats believe that astrology is very or sort of scientific, while only 43.1 percent believe that it is not scientific at all. This support for astrology is the highest among 15 overlapping political groups.

2. Moderate Democrats

The political group that is second most likely to believe in astrology is moderate Democrats. A majority of them — 52.0 percent — think that astrology is at least sort of scientific.

3. Democrats (overall)

Although liberal Democrats are insignificantly less likely than average to believe in astrology (43.5 percent), the difference is not enough to offset the beliefs of moderate and conservative Democrats. Thus, Democrats overall are in the third position, with nearly half (49.1 percent) believing in astrology.

The surprising thing is that no Republicans appear in the top 7 groups.

Pew Research

I blogged a Pew Research survey before.

Excerpt:

Among both evangelical and mainline Protestants, those who attend church weekly express much lower levels of belief in reincarnation, yoga, the existence of spiritual energy in physical things and astrology compared with those who attend religious services less often.

[…]Older people (those over age 65) consistently express lower levels of acceptance of these kinds of beliefs compared with younger people. These beliefs are more common among Democrats and independents than Republicans and are more widely held by liberals and moderates than conservatives.

[…]Evangelical Protestants are the group least likely to say they have felt in touch with a dead person (20%).

[…]Compared with those with a college degree, more Americans with a high school education or less report having felt in touch with a dead person (32% vs. 24%) and having seen a ghost (21% vs. 13%). However, Americans with less education are no more inclined to have consulted a fortuneteller than are Americans with a college education (13% vs. 17%). Conservatives and Republicans report fewer experiences than liberals or Democrats communicating with the dead, seeing ghosts and consulting fortunetellers or psychics.

It’s not just Pew, it’s Gallup, too.

Gallup survey

And here is a Wall Street Journal article about the Gallup survey entitled “Look Who’s Irrational Now“.

Excerpt:

“What Americans Really Believe,” a comprehensive new study released by Baylor University yesterday, shows that traditional Christian religion greatly decreases belief in everything from the efficacy of palm readers to the usefulness of astrology. It also shows that the irreligious and the members of more liberal Protestant denominations, far from being resistant to superstition, tend to be much more likely to believe in the paranormal and in pseudoscience than evangelical Christians.

The Gallup Organization, under contract to Baylor’s Institute for Studies of Religion, asked American adults a series of questions to gauge credulity.

[…]The answers were added up to create an index of belief in occult and the paranormal. While 31% of people who never worship expressed strong belief in these things, only 8% of people who attend a house of worship more than once a week did.

And it’s not just spiritual superstition, it’s economics, too.

Zogby survey

And of course, Republicans are more informed on economic issues than Democrats, and even Independents. The Wall Street Journal explains.

Excerpt:

Who is better informed about the policy choices facing the country—liberals, conservatives or libertarians? According to a Zogby International survey that I write about in the May issue of Econ Journal Watch, the answer is unequivocal: The left flunks Econ 101.

Zogby researcher Zeljka Buturovic and I considered the 4,835 respondents’ (all American adults) answers to eight survey questions about basic economics.

The first question was “Restrictions on housing development make housing less affordable.” The right answer there is agree, because any time you restrict supply while demand is high, you create a shortage, causing prices to go up.

Here are the others:

The other questions were: 1) Mandatory licensing of professional services increases the prices of those services (unenlightened answer: disagree). 2) Overall, the standard of living is higher today than it was 30 years ago (unenlightened answer: disagree). 3) Rent control leads to housing shortages (unenlightened answer: disagree). 4) A company with the largest market share is a monopoly (unenlightened answer: agree). 5) Third World workers working for American companies overseas are being exploited (unenlightened answer: agree). 6) Free trade leads to unemployment (unenlightened answer: agree). 7) Minimum wage laws raise unemployment (unenlightened answer: disagree).

And the results:

How did the six ideological groups do overall? Here they are, best to worst, with an average number of incorrect responses from 0 to 8: Very conservative, 1.30; Libertarian, 1.38; Conservative, 1.67; Moderate, 3.67; Liberal, 4.69; Progressive/very liberal, 5.26.

To be conservative means to understand the world as it is, and how it really works. We don’t believe in superstitious nonsense like astrology and socialism.

Can you have an apologetics ministry and still hold down a full-time job?

J. Warner Wallace is passionate about encouraging Christians to keep their day jobs and do their apologetics ministry without financial constraints. He did it, and it worked for him. He has just posted a list of people who have full-time vocations with a part-time apologetics ministry.

He writes:

The Christian community is experiencing an apologetics “renaissance”, and this resurgence of interest in Christian Case Making is being driven by an unexpected group of “tent-making” Christian Case Makers. Like the Apostle Paul, these avocational apologists draw their income from “conventional” careers (Paul was described as a tent-maker inActs 18:1-3) as they evangelize, preach, make a case or serve. I’m proud to be a member of this growing group of “One Dollar Apologists”. In this post, I’d like to bring your attention to many of the tent-making Case Makers having an impact in our world today. If you are interested in apologetics, you’ve undoubtedly visited many of the websites I’ve collected here. In fact, you may not have realized these resources were being provided by people who are working in vocations similar to your own. As you scan this list of tent-making apologetics websites, take note of the variety of occupations held by the men and women behind the scenes…

I checked out the list to see what all the bloggers I read do in their day jobs, and was pleased to see a number of people in the list who are in science, technology and engineering fields. That’s what I do, and I think it’s the best thing to do. So for the rest of this post I want to give some reasons why people who want to be tent-maker case-makers should consider a STEM degree and a STEM job. (STEM = Science, Technology, Engineering, Math).

Why you should prefer a STEM degree

I always recommend that people prefer STEM degrees when they want to do a “tent-maker” model of apologetics ministry, for five reasons:

1. Doing a STEM degree will make you miserable and give you nightmares for life, and nothing you do after you do a STEM degree can ever be as bad as sitting in a lab all night trying to get something to work that doesn’t want to work. Not even changing diapers. It’s good to get you to accept that life is hard, that your feelings don’t matter to anyone and that you can’t have your way all the time.

2. Doing a STEM degree will give you a lot of money for your ministry, so much that you can even give some away to other ministries. Yesterday, I sent $150 to a Ratio Christi chapter that I like and $300 to another apologetics ministry that I like. And that’s not a problem because a STEM job typically pays better than average.

3. Doing a STEM degree will help you to pay back any student loans you take out, which is a big problem these days because the economy is lousy for young graduates.

4. Doing a STEM degree will shield you from a lot of the pressure you might face from the secularists and leftists who dominate the university classroom, because there just isn’t time to talk about politics much in those classes. The only time I ever got any trouble was my machine learning / search algorithms course in graduate school.

5. Doing a STEM degree will give you an advantage in credibility when discussing apologetics. I think that atheists are more impressed when we have some experience with a demanding job in some practical field. I don’t know about you, but I don’t find arguments like “the argument from fantasy literature” and “the argument from desire” persuasive coming from artsy people who don’t know how to do anything practical for money in the real world.

If you are a woman and want to be a stay-at-home mom, that is excellent, but a STEM degree is still for you! I think it’s useful for everyone. I have a friend who is busy doing her nursing degree part-time and she is a stay-at-home mom, and some of my favorite women apologists (Letitia Wong and Melissa Travis) have science backgrounds.

The best degrees for a tent-maker

If you are just picking a STEM field, then here is a list of the majors that lead to higher paying jobs, although other jobs might even help you to study apologetics, like being a police detective.

Top 10 highest-paid college majors

  1. Petroleum Engineering: $120,000
  2. Pharmacy Pharmaceutical Sciences and Administration: $105,000
  3. Mathematics and Computer Science: $98,000
  4. Aerospace Engineering: $87,000
  5. Chemical Engineering: $86,000
  6. Electrical Engineering: $85,000
  7. Naval Architecture and Marine Engineering: $82,000
  8. Mechanical Engineering: $80,000
  9. Metallurgical Engineering: $80,000
  10.  Mining and Mineral Engineering: $80,000

And here are some majors that you should avoid at all costs:

  1. Counseling Psychology: $29,000
  2. Early Childhood Education: $36,000
  3. Theology and Religious Vocations: $38,000
  4. Human Services and Community Organization: $38,000
  5. Social Work: $39,000
  6. Drama and Theater Arts: $40,000
  7. Studio Arts: $40,000
  8. Communication Disorders Sciences and Service: $40,000
  9. Visual and Performing Arts: $40,000
  10. Health and Medical Preparatory Programs: $40,000

If you’re not going to do a STEM degree, then a trade degree in the right area can be just as good. The main thing is to be able to do work, preferably in the private sector, that is valuable enough to someone else that they are willing to pay you for it. I think in this economy, it is particularly reckless to be doing a PhD in the humanities, unless you are already retired and fully-funded from your previous work.

Related posts

J. Warner Wallace: practical advice on becoming an effective one-dollar apologist

New housing bubble: Obama proposes lowering mortgage-lending requirements

I must have blogged a million times about how the Democrats caused the recession by forcing banks to make bad loans to people who couldn’t pay them back. Although the Republicans got blamed for the crisis, they were the ones who tried to regulate Fannie Mae and Freddie Mac, but they were shut down by Democrats. Well, guess what? The Democrats didn’t learn their lesson the first time, and they want to start another housing bubble, just like the first one that gave us the recession.

Take a look at this article in the leftist Washington Post. (H/T ECM)

Excerpt:

The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.

[…][A]dministration officials say they are working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs — including those offered by the Federal Housing Administration — that insure home loans against default.

Housing officials are urging the Justice Department to provide assurances to banks, which have become increasingly cautious, that they will not face legal or financial recriminations if they make loans to riskier borrowers who meet government standards but later default.

Officials are also encouraging lenders to use more subjective judgment in determining whether to offer a loan and are seeking to make it easier for people who owe more than their properties are worth to refinance at today’s low interest rates, among other steps.

Obama pledged in his State of the Union address to do more to make sure more Americans can enjoy the benefits of the housing recovery, but critics say encouraging banks to lend as broadly as the administration hopes will sow the seeds of another housing disaster and endanger taxpayer dollars.

“If that were to come to pass, that would open the floodgates to highly excessive risk and would send us right back on the same path we were just trying to recover from,” said Ed Pinto, a resident fellow at the American Enterprise Institute and former top executive at mortgage giant Fannie Mae.

And if that was not enough,the Democrats also have another bubble being inflated. They nationalized the student loan industry, and now taxpayers are going to have to bail out those risky unpaid student loans as well.

Excerpt:

America’s now-nationalized student loan industry just reached a value of $1 trillion, according to Citigroup, growing at a 20 percent-per-year pace. Since President Obama nationalized the industry (a tacked-on provision of the Obamacare bill), tuition has gone up 25 percent and the three-year default rate is at a record 13.4 percent.

[…]With many young people unable to pay their loans (average graduating debt is about $29,000), Citigroup and others are speculating that this industry might be ripe for a bailout.

To pay off all the current defaults, Citigroup says it would cost taxpayers $74 billion. However, this number doesn’t include those who will default in the coming years, and, when the government rewards the defaulters, it will encourage more borrowers not to pay their debts.

And liberals in Congress have proposed forgiving all student loans via “The Student Loan Forgiveness Act 2012,” costing taxpayers $1 trillion.

Adding another $1 trillion dollars to the national debt isn’t exactly “forgiveness” for young people—it’s prolonging the payoff. In fact, student loan bailouts are a catch-22 for young people because they’re going to be held accountable for paying off the national debt and interest payments.

At least the young people who voted for Obama are going to be the ones to get the bill for his socialist economic policies.

Related posts

Are people who vote Democrat smarter than people who vote Republican?

Video from Neil Simpson’s round-up.

The Pew Research Center, a liberal organization, actually did a study on this uninformed voter problem.

Excerpt:

So Republicans are more knowledgeable than Democrats, contrary to what many would like to believe.

According to whom?  None other than the Pew Research Center, a left-of-center organization.  Moreover, Pew’s latest survey only reaffirms previous surveys demonstrating the same result.

In fact, the results weren’t even close.

In a scientific survey of 1,168 adults conducted during September and October of last year, respondents were asked not only multiple-choice questions, but also queries using maps, photographs and symbols.  Among other subjects, participants identified international leaders, cabinet members, Supreme Court justices, nations on a world map, the current unemployment and poverty rates and war casualty totals.

In a 2010 Pew survey, Republicans outperformed Democrats on 10 of 12 questions, with one tie and Democrats outperforming Republicans on just 1 of the 12.  In the latest survey, however, Republicans outperformed Democrats on every single one of 19 questions.

[…]Those Pew results are confirmed by some surprising other sources.  According to a New York Times headline dated April 14, 2010, “Poll Finds Tea Party Backers Wealthier and More Educated.”  Shattering widespread myths, that survey revealed that Tea Party supporters were more likely to possess a college degree than their counterparts (23% to 15%), and also more likely to have completed post-graduate studies (14% to 10%).  Tea Partiers were also more likely to have completed “some college” by a 33% to 28% margin, and substantially less likely to have not completed high school than non-supporters (3% versus 12%), or to possess only a high school degree (26% versus 35%).

Previously, I posted about how Democrat voters understand very little about economics, whereas Republicans understand more.

Excerpt:

Who is better informed about the policy choices facing the country—liberals, conservatives or libertarians? According to a Zogby International survey that I write about in the May issue of Econ Journal Watch, the answer is unequivocal: The left flunks Econ 101.

Zogby researcher Zeljka Buturovic and I considered the 4,835 respondents’ (all American adults) answers to eight survey questions about basic economics.

The first question was “Restrictions on housing development make housing less affordable.” The unenlighted answer for that one is “disagree”, since restrictions on development reduce the supply of available housing. Demand stays the same and so there is a shortage, and prices rise. D’uh!

Here are the others:

The other questions were: 1) Mandatory licensing of professional services increases the prices of those services (unenlightened answer: disagree). 2) Overall, the standard of living is higher today than it was 30 years ago (unenlightened answer: disagree). 3) Rent control leads to housing shortages (unenlightened answer: disagree). 4) A company with the largest market share is a monopoly (unenlightened answer: agree). 5) Third World workers working for American companies overseas are being exploited (unenlightened answer: agree). 6) Free trade leads to unemployment (unenlightened answer: agree). 7) Minimum wage laws raise unemployment (unenlightened answer: disagree).

And the results:

How did the six ideological groups do overall? Here they are, best to worst, with an average number of incorrect responses from 0 to 8: Very conservative, 1.30; Libertarian, 1.38; Conservative, 1.67; Moderate, 3.67; Liberal, 4.69; Progressive/very liberal, 5.26.

It’s true, the majority of Democrat voters are people who don’t work at all, or they “work” for government, or they “work” in education, or they hold picket signs while on strike, or they are in prison, or they are chasing ambulances, or they are Hollywood celebrities. No economics knowledge is required for any of that. Republicans work in private industry, and many of us own small businesses. So we actually have to work to earn money, because we have competitors to watch out for and consumers to please. Many of us are married and many of us have to get along with our spouses and raise children. Republicans don’t need the government, we do fine making our own decisions, and making our own way without help from the government.

UPDATE: I think this ad says a lot about who votes Democrat:

Their great plan is to borrow money from our children in order to provide contraceptives to unmarried college students. Is that something to vote for? Remember the Life of Julia? Their vision is cradle-to-grave government dependency, with husbands and fathers made completely unnecessary.

Ratings agency Moody’s downgrades 15 banks, some by two notches

From Yahoo News.

Excerpt:

Ratings agency Moody’s downgraded many of the world’s biggest banks on Thursday, lowering credit ratings of 15 companies by one to three notches.

Morgan Stanley, one of the most closely watched firms, had its long-term debt rating lowered by just two notches, one level less than had been expected, and its stock rose in after-hours trading. The downgrade left Morgan Stanley more highly rated than Bank of America Corp and Citigroup but a step below Goldman Sachs Group.

Credit Suisse , which last week was warned about weak capital levels by Switzerland’s central bank, was the only bank in the group to suffer a three-notch downgrade. But its new A1 deposit and senior debt ratings, however, rank higher than many of its peers.

[…]In addition to Morgan Stanley, downgraded by two notches were Barclays , BNP Paribas , Royal Bank of Canada , Citigroup, Goldman Sachs Group, JPMorgan Chase , Credit Agricole , Deutsche Bank , and UBS .

Falling one notch were Bank of America, HSBC Holdings , Royal Bank of Scotland and Societe Generale.

Nomura and Macquarie were included in an original list of global banks, but have already been downgraded.

I don’t think that the Obama administration should be so concentrated on legalizing gay marriage and subsidizing green energy right now. I also think that if you are going off to college, you would do well to study a STEM field. There’s a storm coming.