Archive for 2010

READER RYAN BLEEK WRITES: “What can those of us who live in uncompetitive districts do to help defeat members of Congress from districts across the country? I think that there are a ton of people who are very upset and yet don’t know what practical way to respond. Thanks.” Well, you can always donate money. Beyond that . . . any suggestions?

UPDATE: Charlie Martin emails: “It seems the first thing to do is stop saying ‘uncompetitive districts’. At this point, nearly every district is probably at least somewhat competitive, and campaigns against people in ‘safe’ seats will probably force resources to be distributed where they wouldn’t otherwise go.” Well, it depends. My district, for example, is uncompetitive-Republican. But, yeah. . . .

NANOTECHNOLOGY UPDATE: Nanotech robots deliver gene therapy through blood. “A team at the California Institute of Technology in Pasadena used nanotechnology — the science of really small objects — to create tiny polymer robots covered with a protein called transferrin that seek out a receptor or molecular doorway on many different types of tumors.”

Sounds promising. I just hope the “death panels” will let me have it when I need it . . . .

POLITICS: “The politics didn’t end last night. They began.” Related item here.

OUT AND ABOUT in Orange County’s Little India.

UPDATE: Reader Drew Kelley emails: “You should know that Little India, in Artesia CA, is not in Orange County, but in south-east Los Angeles County. The writer of that article probably lives in the OC, and Little Saigon (Garden Grove) certainly is in the OC, but Artesia is not.”

BRINGING A NEW MEANING TO “STATE-CONTROLLED MEDIA:” Journalist Funded by Stimulus Money. “Today’s new-media ethical quandary: Should a nonprofit news outlet dedicated to public-interest investigative journalism extract substantial amounts of funding from the government it’s covering? That’s the question being confronted by the award-winning San Francisco Public Press, which, according to director Michael Stoll, is now paying the salary of one of its editorial employees with money from a San Francisco jobs-stimulus program.”

ILYA SOMIN: Crisis, The Health Care Bill, And The Growth Of Government. “Ultimately, the political lesson of the health care bill is that the combination of crisis and single-party control of the White House and Congress leads to massive government growth even in a situation where the proposal in question faces public skepticism and unified opposition by the minority party. I don’t claim that this by itself proves that the bill is a bad policy. But it does teach an important lesson about the dynamics of government in times of crisis.”

WELL, this didn’t take long.

CHANGE: Bloomberg: Obama Paying More Than Buffett as Bonds Show U.S. Losing AAA. “The bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama. Two-year notes sold by the billionaire’s Berkshire Hathaway Inc. in February yield 3.5 basis points less than Treasuries of similar maturity, according to data compiled by Bloomberg. Procter & Gamble Co., Johnson & Johnson and Lowe’s Cos. debt also traded at lower yields in recent weeks.”

UH OH: Public Pension Deficits Are Worse Than You Think. “Pension plans for state government employees today report they are underfunded by $450 billion, according to a recent report from the Pew Charitable Trusts. But this vastly underestimates the true shortfall, because public pension accounting wrongly assumes that plans can earn high investment returns without risk. My research indicates that overall underfunding tops $3 trillion.”

PETER SUDERMAN: Health Care Reform Passes, But At What Cost? “This bill is unlikely to achieve most of the objectives that have been set out for it. In the end, then, we’re left with a highly expensive, fiscally dangerous expansion of health insurance that locks even more people into a broken system. That’s an achievement, all right, but not a particularly good one.”

MY PREDICTION: A brief poll bump for Obama based on positive news coverage of the bill passage. Then, more decline.

IRA STOLL: “Republicans despondent because they think the bill is a government takeover that is about to ruin the American health care system may want to cheer up. First, if the bill is half as terrible as the Republicans say it is, Americans are going to be so upset about it that they blame the Democrats. That will redound politically to the benefit of the Republicans, and it may even make a repeal of the bill possible. Second, even without passage of this bill, health care costs were growing to the point where they were putting pressure on family and government budgets, and it was about to get worse because of the aging of the Baby Boom generation into Medicare. Now the Republicans have a plausible way of blaming the Democrats for all these problems, which were going to happen anyway under the course set by a Republican administration.”

RICK MORAN IS UNHAPPY: “This was rammed down the throats of the American people with as much cynicism, trickery, deliberate obfuscation, and budgetary tomfoolery as has ever been seen for a major piece of legislation in the history of the republic.”

DAN RIEHL: “You may have to wait for the GOP’s new Fire Pelosi site to open. It’s that jammed and donations are pouring in. . . . And we will win in the end. Too many solid citizens were already up in arms, taking to the streets before this. Those numbers will not shrink. They will grow exponentially. As the saying goes, this is not the beginning of the end. It is the end of the beginning.”