Tag Archives: Money

Who did Obama pick to handle the re-organization of General Motors?

Look!Obama is appointing the best and the brightest person possible to oversee the bankruptcy re-organization of GM!

First, you need to know about Obama’s take-over of GM, which is pure communism.

Here’s the story from CNSNews:

Without the prior approval of Congress or any legislation authorizing the act, President Obama plans to announce on Monday that the federal government will take a 60-percent ownership stake in General Motors as part of a bankruptcy and reorganization plan for the company.

The White House on Sunday night announced that the plan will require the federal government to provide another $30 billion of taxpayer money to General Motors, on top of the $20 billion in aid the federal government already has given the company.

And guess who Obama’s picked to supervise the bankruptcy and reorganization?

Here’s the left-wing New York Times article: (H/T Hot Air)

It is not every 31-year-old who, in a first government job, finds himself dismantling General Motors and rewriting the rules of American capitalism.

But that, in short, is the job description for Brian Deese, a not-quite graduate of Yale Law School who had never set foot in an automotive assembly plant until he took on his nearly unseen role in remaking the American automotive industry.

Nor, for that matter, had he given much thought to what ailed an industry that had been in decline ever since he was born. A bit laconic and looking every bit the just-out-of-graduate-school student adjusting to life in the West Wing — “he’s got this beard that appears and disappears,” says Steven Rattner, one of the leaders of President Obama’s automotive task force — Mr. Deese was thrown into the auto industry’s maelstrom as soon the election-night parties ended.

“There was a time between Nov. 4 and mid-February when I was the only full-time member of the auto task force,” Mr. Deese, a special assistant to the president for economic policy, acknowledged recently as he hurried between his desk at the White House and the Treasury building next door. “It was a little scary.”

Ed Morrissey comments:

Scary?  Well, yes, and not just for Mr. Deese, whose executive experience actually is less than Obama’s.  He’s never run any business, let alone worked in the auto industry.  He joined the Hillary Clinton campaign by taking a hiatus from law school, which he began after working as an assistant to Gene Sperling, now an advisor to Tim Geithner.  His entire resume consists of campaign work.

Perhaps Deese will do a good job, but I’m not terribly sanguine about the prospects of GM prospering under the guidance of someone who hasn’t ever met a payroll or sold a car.  A President who took his own job seriously would never have appointed a second-tier adviser to this position. A national media who took their jobs seriously wouldn’t let him get away with it, and don’t count this NYT piece in their favor.  They give a glowing report to this political-hackery appointment.

Heck of a job, Deesie!

Nice Deb has reactions from around the blogosphere here. Here’s one from the Heritage Foundation:

Will the new majority owner of General Motors — the United States Government — take an active role in managing the firm as it struggles for viability? In a statement earlier today, President Obama insisted that the government wouldn’t impose it’s own political agenda on GM.

“What we are not doing, what I have no interest in doing, is running GM,” he declared. Calling the government a “reluctant shareholder”, he declared that “GM will be run by a private board of directors and management team with a track record in American manufacturing that reflects a commitment to innovation and quality…They and not the government will call the shots and make the decisions about how to turn this company around… When a difficult decision has to be made like where to open a new plant or what type of new car to make, the new GM, not the US government will make that decision”.

This sounds reassuring, but in fact this non-interference pledge was broken even before he started speaking, as the White House was already trumpeting a pledge extracted from GM to “build a new small car in an idled UAW factory”, furthering the President’s environmental goals as well as pleasing his labor allies.

I think a law student/Hillary campaign lackey is the best candidate available. He’s a Democrat, at least, so you know you’re getting superior economic reasoning power. And GM just asked for another 30 billion, presumably to pay for their union member pensions and benefits. What do you expect when the President and Democrat Congress are running trillion-dollar deficits?

His Supreme Court nominee has similar qualifications. She’s Hispanic and female – female and Hispanic. And she thinks her sex and race will make her a better judge than white male candidates. The best and brightest!

Round-up of stories about intelligent design, from the Discovery Institute

The Discovery Institute is the headquarters for ID research and advocacy in the United States. They send out a newsletter by e-mail and I though this week’s hit on all cylinders. Below are some of their stories from the newsletter. Thanks to commenter ECM for an earlier tip on the Junk DNA story.


When “Junk DNA” Isn’t Junk: Farewell to a Darwinist Standard Response

Richard Sternberg, research scientist at the Biologic Institute supported by the Center for Science and Culture, is now blogging at Evolution News & Views, weighing in on the latest research showing that so-called “Junk DNA,” which Darwinists have discounted as “rubbish,” are actually “anything but that.”

Sternberg writes:

In the Darwinist repertoire, a standard response to evidence of design in the genome is to point to the existence of “junk DNA.” What is it doing there, if purposeful design really is detectable in the history of life’s development? Of course this assumes that the “junk” really is junk. That assumption has been cast increasingly into doubt. New research just out in the journal Nature Genetics finds evidence that genetic elements previously thought of as rubbish are anything but that. The research describes tiny strands of RNA, previously thought to be junk, that now turn out to play a role in gene expression. Another finding by Dr. Geoff Faulkner shows that “retrotransposons,” a further variety of “junk” as the dogma previously taught, play a similar role.

Also at ENV, Dr. Sternberg takes a look at the old Darwinian tripe that biological systems couldn’t possibly have been designed because they exhibit “shoddy engineering”:

We often hear from Darwinians that the biological world is replete with examples of shoddy engineering, or, as they prefer to put it, bad design. One such case of really poor construction is the inverted retina of the vertebrate eye. As we all know, the retina of our eyes is configured all wrong because the cells that gather photons, the rod photoreceptors, are behind two other tissue layers. Light first strikes the ganglion cells and then passes by or through the bipolar cells before reaching the rod photoreceptors. Surely, a child could have arranged the system better — so they tell us.

The problem with this story of supposed unintelligent design is that it is long on anthropomorphisms and short on evidence. Consider nocturnal mammals. Night vision for, say, a mouse is no small feat. Light intensities during night can be a million times less than those of the day, so the rod cells must be optimized — yes, optimized — to capture even the few stray photons that strike them. Given the backwards organization of the mouse’s retina, how is this scavenging of light accomplished? Part of the solution is that the ganglion and bipolar cell layers are thinner in mammals that are nocturnal. But other optimizations must also occur. Enter the cell nucleus and “junk” DNA.

Jerry Coyne Recycles: Why Darwinism Is False

Jonathan Wells is reviewing Jerry Coyne’s Why Evolution Is True over at ENV, and already the list of problems with Coyne’s book is mounting:

On Earth Day 2009, we are reminded of the ecological importance of recycling. As a professor in the Department of Ecology and Evolution at The University of Chicago, Jerry A. Coyne must be keen on recycling: He even recycles worn-out arguments for Darwinism.

If “evolution” meant simply that existing species can undergo minor changes over time, or that many species alive today did not exist in the past, then evolution would undeniably be true. But “evolution” for Coyne means Darwinism — the theory that all living things are descendants of a common ancestor, modified by unguided natural processes such as DNA mutations and natural selection.

Coyne discusses the fossil record, embryos, vestigial structures, the geographic distribution of species, artificial and natural selection, and the origin of species. In the process, (1) he ignores the Cambrian explosion — which Darwin considered a “serious” problem — and he rearranges the fossil record to fit Darwin’s theory; (2) he defends Ernst Haeckel — who faked some drawings of vertebrate embryos to provide support for Darwinism — and he dredges up the doctrine that ontogeny recapitulates phylogeny; (3) he claims that much human DNA is useless junk — despite abundant recent evidence that this is not true — and he relies on theological arguments that have no legitimate place in natural science; (4) he invokes “the well-known process called convergent evolution” to explain many cases of the geographic distribution of species — even though the “well-known process” is merely speculation — and he again falls back on theology to justify a supposedly scientific theory; and (5) he describes examples of natural and artificial selection — none of which show anything more than minor changes within existing species — and he misrepresents experimental evidence to make it sound as though the origin of species by natural selection has been directly observed.

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Other stuff

The newsletter also discussed historian A.N. Wilson’s return to faith from atheism, which is really interesting because he seems to be well-rounded in his reasons for rejecting atheism. And the newsletter mentions that Jay Richards’ forthcoming book, “Money, Greed, and God: Why Capitalism Is the Solution and Not the Problem” is out May 6th! Jay gave a great lecture on basic economics for Christians and another great lecture on what Christians should think about global warming.