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Journal Journal: The GOP's red state kickbacks are as ugly as anything the Dems do 39

When Congress threw ethanol producers a gigantic bone by expanding the Renewable Fuel Standard through the Energy Independence and Security Act of 2007 by annually increasing the amount of ethanol that fuel refiners are required to blend into the nation's gasoline supply, they blithely made the crucial assumption that Americans' gasoline consumption would continue to increase indefinitely. Thanks to heightened fuel efficiency and slackened driving habits, however, Americans' demand for gasoline has actually decreased, meaning that refiners would have to blend gasoline with ethanol well above the E10 level that is considered safe for most of the older cars and trucks on the road today in order to comply properly.

The GOP can just take all its pious capitalistic talk and cram it someplace useful. Ethanol is to the GOP what all these crappy green energy and global warming scams are to Democrats.
What a pile of crap.

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Journal Journal: "Facts Are Stubborn Things . . . As Thomas Piketty Is Beginning to Find Out" 19

Emphasis original:

The charges are devastating, and there is plenty to back them up. And again, let's be abundantly clear: The Financial Times is accusing Thomas Piketty of dishonesty, of making up his arguments, of actively trying to mislead readers and actively trying to mischaracterize inequality trends. This mischaracterization leads to policy prescriptions on Piketty's part that are both entirely unrealistic in their design and implementation, and, more importantly, are wholly unsupported by the actual data on inequality . The main thrust of Thomas Piketty's book is entirely undermined, and his arguments and conclusions are annihilated. It is hard to imagine a more comprehensive refutation.
. . .
The second thing we ought to note is that neither Giles, nor Giugliano, nor the Financial Times would have discovered that Piketty's books is fundamentally flawed if they listened to Paul Krugman, who famously said on his blog that "if you think you've found an obvious hole, empirical or logical, in Piketty, you're very probably wrong. He's done his homework!" Yes, that was a real statement by Paul Krugman, and yes, it ought to haunt him for the rest of his lifeâ"and beyond. We now know that it is more accurate to say that Piketty fudged his homework. I doubt that Krugman knew that Piketty's conclusions were pretty much made up out of thin air-if he did, there is truly something rotten in the state of economics-but the point is that Krugman tried his damnedest to ensure that no one would take a critical eye to Piketty's data and conclusions.

And this is the same parade of no-talent rodeo clowns that embrace anthropogenic global warming (or whatever the term of the week is), abortion, ObamaCare, and pretty much every other intellectual cock-up going today. May God require of these idiots their idiocy.

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Journal Journal: Fed up 12

Zero Hedge

Of course, the direct implication here is also very clear, if very sad: the rich who can afford college, will end up becoming even richer thanks to the better-paying jobs their degree affords them, while everyone else will either drown under the weight of student loans, or simply be relegated to far less-paying jobs during their career. And while the Fed can be confused about this conclusion, not even the Fed is confused that it itself is the reason for this record and increasing disparity between rich and poor.
So the next time you curse someone for making college so expensive you need hundreds of thousands in debt to pay for it, or are cursing the fate that made you into a 40+ year old debt slave, aim those curses where they belong: Alan Greenspan, Ben Bernanke and now, obviously, Janet Yellen. Because for all the "confusion" about America's record wealth divide that French socialists have to reprise the role of Karl Marx in the process selling blockbuster books to a new generation of pre-communists, the fundamental reason for the greatest class divide in history is a very simple three letter word: the Fed.

I'm guessing that the Progressive gravy train crashes spectacularly.

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Journal Journal: "I'll be your Virgil through this latest ring of ObamaCare hell" 2

Ilya Shapiro introduces an all star panel:
What's fascinating is that, for all anybody with a plural brain cell count knew that ObamaCare was a river of lies, seemingly nothing could stop the evil.
User Journal

Journal Journal: This is Jeremiah Cornelius good 9

My tinfoil hat melted. Ron Paul puked. Good times:
A taste:

Clearly, Putin and Russia are just two more puppet pieces on the globalist chessboard, pitted against other puppets in the West in a grand theater designed to distract and divide the masses through chaos. As Kissinger points out, in crisis there is opportunity.
What is the goal? Theyâ(TM)ve already told us, openly, on numerous occasions.
The first great prizes of the New World Order are a global currency and centralized economic control. The elites are not satisfied with quiet dominance of individual economies. They want complete political homogenization and the end of all sovereignty. Period. With a global currency in place, the steps towards global government become quick and small.

My observation: people don't scale. Stuff just keeps falling apart, for all the efforts to build The Bigger, Shinier Things.

User Journal

Journal Journal: A balanced look at Keystone XL 8

Genuinely refreshing to hear a reasoned, respectful exchange of ideas, with time split for both sides to develop ideas without getting cut off by someone being rude.
The only thing new data point in all this was that the Left is chiefly using the pipeline as a rallying flag for the environmentalist base. I found the lady's argument that building the pipeline would drive up prices was completely nonsensical; if the government thought it could gain revenue with this (that is, taxes on increased gas prices), it should've long since been approved. Duh.

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