Archive for 2023

VIA RAND SIMBERG, Gary Hudson remembers a space pioneer. Jim Bennett comments: “Bevin certainly would belong on the list of the twenty key people in launching the commercial spaceflight industry, arguably the ten. He deserves to be known that way.”

OABAMA’S UNFETTERED THIRD TERM: Power companies ask Biden to end war on fossil fuel plants as EPA comment deadline looms. “Electricity providers recently spoke out against the Biden administration’s attack on the fossil fuel industry, specifically power plants, warning that the speed at which officials are pursuing a “green energy transition” risks significant energy shortage.”

Previously: Obama: ‘Under my Plan … Electricity Rates Would Necessarily Skyrocket.’

LEFTIES KEEP TELLING ME THE RIGHT HAS BEEN GETTING MORE RADICAL BUT I KEEP READING STORIES LIKE THIS ONE: This Group Of Self-Described Socialists Is Growing In Numbers And Pushing Local Democrats To The Left. “Democratic Socialists make up the left flank of the Democratic Party, supporting abolishing prisons, aggressive climate policies, rent controls and radical racial equity policies, according to the Democratic Socialist website. They’ve been aggressively adding to their membership over the past few years, as well as gaining ground in key deep blue cities such as New York City, Los Angeles and Minneapolis, calling for radical policy changes and opposing mainstream Democrats.”

FUNNY HOW THAT WORKS: As US standards fall, military less trusted.

Not only has public trust in the US military declined, so has the US military itself.

The Wall Street Journal in its article “The Military Recruiting Crisis: Even Veterans Don’t Want Their Families to Join,” noted a growing crisis facing US military recruiters who are struggling to find qualified Americans who are both capable and willing to join the US military even as standards are repeatedly lowered.

Standards are lowered for two reasons: to attract more people who are otherwise unqualified to join the military and to resolve the problem that each year the average American is less qualified for military service. This is due to factors such as drug abuse, obesity, criminal backgrounds, and poor education, which in turn lead to poor military entry test scores.

America’s decline feeds into all of these factors, and all of these factors contribute to America’s decline as well as the US military’s decline.

There’s a direct correlation between a declining America and an increasingly chaotic world.

EVERYTHING IS GOING SWIMMINGLY: Latest Housing Data Are Clear: ‘Bidenomics’ Is Heading Toward a Crash.

From the fourth quarter of 2020 to the fourth quarter of 2022, the U.S. housing market experienced one of the most significant increases in housing prices in American history. Data provided by the Federal Reserve Bank of St. Louis show that over that two-year period, the average sales price of a home skyrocketed more than 36 percent, from $403,900 to a whopping $552,600.

For the first time in history, the 12-month increase in home prices topped 15 percent for seven quarters in a row, beginning in the second quarter of 2021.

Many current homeowners celebrated the unprecedented rise in housing values, but those rapid increases came with an important caveat: whenever housing prices increase as quickly as they have in recent years, an economic, stock market, and/or housing crash is almost certain to follow.

The evidence on this point is well established. In the 1970s, late 1980s, and in the early to mid-2000s, there were similarly large, sustained growths in housing prices. In every case, a large recession followed. And although the rule doesn’t always apply perfectly, it tends to be that the bigger the increase in housing prices is, the harder the economy falls.

Washington can paper over a weak economy with funny money — that shows up in places like inflated home prices that make existing owners feel good — but eventually the truth will out.

CHANGE? Democrats worry young people souring on party. “Della Volpe argued that although young voters appear to be getting more progressive in their values, fewer are identifying as Democrat or liberal, are paying close attention to political news and are likely to believe in politics as a means for system change. The share of younger voters who say they’ll ‘definitely’ vote in the 2024 race is now at 51 percent in the Harvard poll, down from 55 percent who said the same at this point in the 2020 race.”