Tag Archives: Regulation

Keith Hennessey and Howard Dean debate health care reform on CNBC

You need to click through to see the video. (11 minutes long)

It’s a great little debate! I recommend watching it.

HINT: Somebody won, and somebody lost. And it’s obvious.

About Keith Hennessey

Keith Hennessey is the former Assistant to the U.S. President for Economic Policy and Director of the U.S. National Economic Council. He was appointed to the position in November 2007 by President George W. Bush, and served until the end of Bush’s second term in office. Mr. Hennessey served in the White House since August 2002, when he was appointed to his previous position of Deputy Assistant to the U.S. President for Economic Policy and Deputy Director of the U.S. National Economic Council.

Hennessey holds a B.S. in Mathematics and Political Science from Stanford University as well as a Master of Public Policy from the John F. Kennedy School of Government at Harvard. The title of his Harvard public policy thesis was Unintended Consequences: Critical Assumptions in the Clinton Health Plan.

About Howard Dean

Yeaarrrrrrghhh! He makes Al Franken look like an even-tempered centrist.

Round-up of news on Obama’s economic policies

Tax policies that destroy traditional families

New taxes on married couples with intact families to subsidize out-of-wedlock births. (This is basically an incentive to not marry, by the way)

Hans Bader at the CEI’s blog reports: (H/T ECM)

Not content with repealing welfare reform through the job-killing stimulus package, and proposing a massive marriage penalty in the tax code, Obama and his Congressional allies are now planning to make married and widowed taxpayers subsidize benefits for which they are not eligible, such as payments to households with out-of-wedlock births. For example, they are pushing a bill that will allow even households that receive tens of thousands of dollars a year in child support to demand food stamps.

…Intact families, and widows, usually have every dollar they make considered in whether they qualify for food stamps. But under the Obama-backed proposal, unwed mothers, and divorced mothers, would not, since the child-support dollars they receive would be arbitrarily excluded.

Stop and think about what sorts of incentives this creates. What kind of man would be stupid enough to consider getting married and being a father to his own children? This is how Democrats destroy the family with tax policies, so that women with children depend on the state, and the state can in turn influence the way children are raised by getting them into day care, pre-K and government-run schools.

The goal is to prevent parents from influencing their own children with benighted traditional beliefs about traditional religion and morality. According to Democrats, that is the job of qualified public school teachers using approved teaching materials designed by experts like Kevin Jennings. And besides, the more children are raised without fathers, the more government jobs are created to deal with the fallout.

And there’s more:

The Obama-backed bill also increases the federal matching funds states receive for maximizing their collection of child support payments, giving them an incentive to artificially jack up child support obligations in order to reap federal money (as many states did in the aftermath of the 1988 Family Support Act), even if that means forcing fathers who have never missed a payment to pay much more than the actual cost of raising a child. I have previously written about how court-ordered child support payments generally exceed the actual cost of raising a child under most existing state child-support guidelines.

Democrat women that I know (single/divorced women and single/divorced mothers) are so mystified as to why men are not lining up to marry them. Maybe they should be thinking about the policies that they actually voted in favor of – they are not husband-friendly or father-friendly.

Democrat women think that they can crush the last drop of liberty and autonomy out of a man, and still expect him to love, protect and provide for women and children. Inexplicable. They want the security of the state and they don’t realize how it decreases the number of men willing to make commitments.

Home sales will require government approval

The Democrats cap-and-trade bill will require you to fix your house up to be eco-friendly, before you will be allowed to sell it. What? Global warming isn’t going to solve itself, you know…. Oh, wait!

CNSNews reports on what we can expect. (H/T Gateway Pundit)

The 1,400-page cap-and-trade legislation pushed through by House Democrats contains a new federal policy that residential, commercial, and government buildings be retrofitted to increase energy efficiency, leaving it up to the states to figure out exactly how to do that.

This means that homeowners, for example, could be required to retrofit their homes to meet federal “green” guidelines in order to sell their homes, if the cap-and-trade bill becomes law.

This is the first time since these subprime mortgage bank bailouts started that I’ve ever been happy about renting.

New Republican cap-and-trade TV ad

Here’s the new ad put out by Republicans to educate the public about the cap-and-trade bill that just passed the house. (H/T ECM)

Now that’s a great ad.

Why Democrats voted for Obama

Because they don’t know anything about economics!

The second one is from Nice Deb.

Obama’s car regulations will kill more Americans than the Iraq war

The Heritage Foundation reports on Obama’s proposed regulations on fuel economy.

Time for practice. Time to pile into the…Toyota Prius? Maybe the Yaris. Or surely the Smart Car will do. Those are three of eleven cars that meet President Obama’s new emissions standards that include “nothing larger than a midsize sedan, even when you include hybrids.”

Eleven choices of vehicle? The soccer moms will not be liking that.

But it gets worse. It’s going to cost another 50,000 jobs added on to Obama’s massive count.

Keith Henessey writes: (H/T Competitive Enterprise Institute)

NHTSA estimated that a similar option would cost almost 50,000 U.S. auto manufacturing jobs over five years.

See Table VII-1 on page 586 of the NHTSA analysis.  NHTSA estimated that the TC=TB option, which I’m using as a proxy for the Obama plan, would result in the following job losses among U.S. auto workers:

MY 2011

MY 2012

MY 2013

MY 2014

MY 2015

8,232

24,610

30,545

36,106

48,847

Compared to the Bush draft final rule, this is 37,000 more jobs lost.

Since I know this table is inflammatory, I will anticipate some of the responses:

  • This is an estimate for the job loss from the TC=TB option analyzed by NHTSA in 2007.  This is the closest proxy for the Obama rule, and I’m convinced it’s a good proxy until someone demonstrates otherwise.  But technically, it’s not a job loss estimate for the Obama proposal.
  • This estimate was done in a different economic environment (late 2008), and before the U.S. government owned 1.5 major U.S. auto manufacturers.  My guess, however, is that these changed conditions should push the estimated job loss up from the above estimate, rather than down.
  • There’s a false precision in the above table.  It’s just what NHTSA’s model spits out.  …I don’t put any weight on the precise annual estimates.

And it gets even worse than that.

Steve Milloy writes about the really bad problem on Green Hell blog: (H/T Gateway Pundit)

The Obama administration’s proposed mileage standards that will be announced today may kill more Americans at a faster rate than the Iraq War — his signature issue in the 2008 presidential campaign.

Obama’s standards will require automakers to meet a 35 miles-per-gallon standard by 2016 — four years earlier than the same standard imposed by the Energy Security and Independence Act of 2007.

As discussed in my new book Green Hell, the only way for carmakers to meet these standard is to make smaller, lighter and deadlier cars.

The National Academy of Sciences has linked mileage standards with about 2,000 deaths per year. The National Highway Traffic Safety Administration estimates that every 100-pound reduction in the weight of small cars increases annual traffic fatalities by as much as 715.

In contrast in the more than six years since the Iraq war began, there have been 4,296 deaths among American military personnel.

The Iraq war cost 550 billion and 4300 lives. And for this we got more liberty and security. Obama is spending trillions and trillions of dollars, and he wants to kill 2,000 Americans per year? I am not even talking about his subsidies to kill more unborn babies at home and abroad. This is on top of that!