Archive for 2021

‘KAMIKAZE DEMOCRATS’ HAVE ARRIVED:

This handy little description was coined by The Wall Street Journal editorial board Tuesday to describe Democratic lawmakers who must now face the daunting reality of the multitrillion dollar tax, climate and entitlement spending bill, which passed in the U.S. House five days ago.

“House Speaker Nancy Pelosi marched her majority off a cliff in 2010 with votes on ObamaCare, and now she has done it again,” said the detailed editorial.

“The 81-year-old Mrs. Pelosi is almost certainly retiring after this Congress, and this vote is a legacy project for her. But her younger members will have much to explain in 2022 as they defend this gargantuan, destructive and unnecessary bill,” the editorial advised, citing expensive particulars of the legislation which will raise taxes, raise energy prices and empower illegal immigrants, among other things.

“Democrats say their specific programs are popular — who doesn’t love free child care? But voters understand that nothing is free from the government, and polls are starting to show that voters think they will end up paying for it. They are right. There are only so many rich people to soak, and Democrats are cutting taxes for most of them,” the Journal continued.

“Americans have also begun to link the flood of government spending to inflation, which is acting like another tax. With this bill, passed in the wake of their nationwide election drubbing this month, Democrats are underscoring that they are the inflation party,” the editorial said.

“Mrs. Pelosi promised Democrats she wouldn’t make them vote on a bill before the Senate agreed to it, but as in 2010 she’s done that again. They’ll now have to defend provisions that couldn’t pass a Democratic Senate. No wonder Minority Leader Kevin McCarthy spoke on the House floor for eight hours. He knows the Democrats were voting to make him Speaker,” the Journal concluded.

As Mark Steyn once wrote, “When the British Prime Minister Harold Macmillan dumped some of his closest cabinet colleagues to extricate himself from a political crisis, the Liberal leader Jeremy Thorpe responded: ‘Greater love hath no man than to lay down his friends for his life.’”

THIS IS MORE LIKE THE 21st CENTURY I WAS PROMISED: Flying Motorcycles, Better E-Bikes and More Personal Transportation to Come.

The Speeder is a futuristic-looking flying motorcycle created by Ventura, Calif.-based Jetpack Aviation. Though some elements are still in development, the vertical take-off-and-landing aircraft will have jet turbine engines that provide vertical thrust. Once in the air, the engines would tilt backward and the aircraft would fly on small wings powered by net-zero-carbon fuel. Two recreational models, priced starting at $385,000 each, are available for preorder. One reaches speeds of over 150 mph, and flies for nearly an hour at more than 15,000 feet; an ultralight version that doesn’t require a pilot’s license to operate is limited to 60 mph by federal regulations and flies for 15 minutes. The company hopes to make them available in 2023. A faster, heavy-duty model intended for military and rescue missions is also in development. Within 10 years, the recreational Speeder could be automated and used for public transportation in cities, with rooftops repurposed for parking, says CEO David Mayman.

The illustration atop the article displays a key breakthrough in the advance of flying motorcycles — the propeller blades are hidden within the jet turbine engines. Otherwise, what could possibly go wrong?

https://www.youtube.com/watch?v=fmAbvJC23qc

#AMAZONSHITCARSHOW: The Grand Tour Presents: Carnage A Trois.

 

THIS TIME IT’S DIFFERENT! Why the boom in US home sales is not a bubble. “Economists argue This time is different. Tight supply and rising demand—not lax lending standards—are driving the current boom. So while the housing market in 2006 was a bubble waiting to pop, this one appears to reflect the entry of a new generation of buyers into the market, and the plausibly long-lived disruptions of a global pandemic.”

If it’s not a bubble, it’s because it’s inflation.