Questions and Observations

Free Markets, Free People

Nanny Wants New Credit Card Rules

Why not just wrap us all up in bubble wrap and bottle feed us?

“We like credit cards — they are valuable vehicles for many people,” said Senator Christopher J. Dodd, Democrat of Connecticut, the chairman of the Senate banking committee and author of the measure now being considered by the Senate. “It’s when these vehicles are being abused by the card issuers at the expense of the consumers that we must step in and change the rules.”

Doug Bandow provides the proper pithy reply to Sen. Dodd:

“Abused by the card issuers.” Of course. The very same card issuers who kidnapped people, forced consumers to apply for cards at gunpoint, and convinced merchants to refuse to accept checks or cash in order to force everyone to pull out “plastic.” The poor helpless consumers who had nothing to do with the fact that they wandered amidst America’s cathedrals of consumption buying wiz-bang electronic goods, furniture, CDs, clothes, and more. The stuff just magically showed up in their homes, with a charge being entered against them against their will. It’s all the card issuers’ fault!

Certainly card issuers are raising their rates arbitrarily to very high rates. And, as I did recently, card holders are calling them up and very politely saying “stuff it – and while you’re at it do it with my canceled card”.

Credit cards aren’t a ‘right’, and the fact that someone gets themselves into trouble with them doesn’t make them a ‘victim’ deserving of special legislation to “right a wrong”.

What in the world ever happened to individual responsibility and accepting the consequences for your actions?

~McQ

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Speaking Of The “Drug War” …

Not everyone engaged in it is the sharpest knife in the drawer – and that goes for both sides.

In this particular case it’s the supply side, instead of the enforcement side, which gets the spotlight:

Officials say a suspected drug dealer who led police on a 90 mph chase in Indiana was arrested after he stopped suddenly at a Taco Bell parking lot.

Fort Wayne police Sgt. Mark Walters says 36-year-old Jermaine Askia Cooper told officers he “knew he was going to jail for a while” and wanted to get one last burrito.

Expect to see a variation on that theme in a Taco Bell commercial soon. At least Cooper was thinking outside the bun.

~McQ

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Drug Czar Wants To Banish Idea US Fighting “War On Drugs”

I don’t know if this is a bit of clever semantics or a real shift in policy, it’s just too early to tell, but if true, it may signal the beginning of a move toward sanity as it concerns drugs:

The Obama administration’s new drug czar says he wants to banish the idea that the U.S. is fighting “a war on drugs,” a move that would underscore a shift favoring treatment over incarceration in trying to reduce illicit drug use.

In his first interview since being confirmed to head the White House Office of National Drug Control Policy, Gil Kerlikowske said Wednesday the bellicose analogy was a barrier to dealing with the nation’s drug issues.

“Regardless of how you try to explain to people it’s a ‘war on drugs’ or a ‘war on a product,’ people see a war as a war on them,” he said. “We’re not at war with people in this country.”

But, of course, that’s precisely what a “war on drugs” has to be – a war on users, suppliers, growers, processors and the supporting network of people who get it from A to B. That’s precisely what we’ve been fighting from its inception and it is a war that’s being lost. It is time to consider the problem again and approach it with a different strategy. After all if input (I) + process(P) = output(O) and you never vary I or P, how can you expect O to ever be any different?

The Obama administration is likely to deal with drugs as a matter of public health rather than criminal justice alone, with treatment’s role growing relative to incarceration, Mr. Kerlikowske said.

Drugs are only a “criminal justice” problem because government chose prohibition – a policy that had been tried and failed miserably decades before – over a more rational and sane approach to drug use. There is no reason that a program that is much less of a threat to all of our freedoms and liberty shouldn’t be tried in the face of the miserable failure of the “war on drugs”. Perhaps then we’d see the violence inherent in the market created by government prohibition, as well as world record incarceration rates, subside dramatically. We can do this much, much better than we’re doing now.

~McQ

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Obama’s Decision About Photos

Chris Cillizza notes:

President Barack Obama’s reversal on the release of detainee photos has angered the liberal left, a perceived poke in the eye that has left some questioning Obama’s commitment to progressive policies.

“Progressive policies”? Here’s the stated Obama reasoning:

Obama argued that “the publication of these photos would not add any additional benefit to our understanding of what was carried out in the past by a small number of individuals” and, in fact, the most likely effect would be “to further inflame anti-American opinion and to put our troops in greater danger.”

As the Clintons would say, this is “old news”. The situation in question has been sifted through with a fine-tooth comb and those who responsible are in jail. What in the world, other than what Obama points out, would be the effect of releasing old photos now? Is it “progressive policy” to do precisely what Obama wants to avoid?

I supported the release and the investigation into the abuses at Abu Ghraib. We covered them extensively here at QandO, and frankly, didn’t think those further up the chain of command got everything they deserved for letting the situation develop. Nothing new will be learned from the release of more photos. But what we do know is there are those who will use such a release for purposes that are not in our best interest and the end result will be endangering our troops in the field.

As you’ll see in Cillizza’s article, it is mostly the usual suspects in the left blogosphere who are whining and stamping their feet. Others outside that group apparently have much cooler heads and apparently better reasoning power:

“Politically, not reversing course could have had much worse consequences,” said Tad Devine, a Democratic media consultant. “I think it is the right move, and that makes it a smart move politically.”

And I, for one, applaud the decision.

~McQ

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CIA Out To Get Dems?

Seriously, you just can’t make stuff like this up.

–Democrats decry waterboarding as torture and claim it occurred because of lack of Congressional oversight (on the Republican watch).

–CIA releases 40 separate documents that chronicle key Democrats, to include Nancy Pelosi, were aware of the use of EIT, to include waterboarding, for years.

–Democrats claim the CIA is out to get them and that becomes the story.

Yeesh.

~McQ

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“Suddenly”, Social Security Is In Trouble

Turbo Tax Tim Geithner tells us:

Social Security’s annual surpluses of tax income over expenditures are expected to fall sharply this year and to stay about constant in 2010 because of the economic recession, and to rise only briefly before declining and turning to cash flow deficits beginning in 2016 that grow as the baby boom generation retires.

Of course what Geithner and the Democrats want you to believe is this sudden problem with both Social Security and Medicare has been brought on by the recession and, of course, that means it’s Bush’s fault.

But I took the opportunity to hit the QandO archives and found a couple of interesting live blogs Dale did. The first was the State of the Union address from February 3, 2005.

Thirteen years from now, in 2018, social Security will be paying out more than it takes in. And every year, the annual shortfall will get larger…By 2042 the system will be bankrupt.

That line, of course, was met by Democratic jeers.

A couple of months later at one of his rare news conferences, Bush again emphasized the point and adjusted the dates. As Dale live blogged it:

—Social Security will start spending more than it take in 2013. By 2040, it’ll be bankrupt. Like, you know, it’s not bankrupt now, really.

Again, that was met by Democratic jeers. That’s because Bush mentioned private accounts. Incredibly, much to the horror of many on the right, he also mentioned means testing. But still, the Dems were more interested in blowing off the impending crisis as fiction than addressing it.

The same story was told the next year with the same results.

Our boy Harry Reid in May of ’06:

In a statement released Monday, Senate Minority Leader Harry Reid (D-Nev.) said the trustees’ report “confirms that, despite White House scare tactics, Social Security remains sound for decades to come.”

According to Reid, “The real threat to Social Security comes from Republicans, most of whom support and voted for privatizing Social Security.”

As it turns out Medicare/Medicaid is in much worse shape than Social Security, and deserves some discussion as well – but the Social Security question is instructive. This isn’t some ‘sudden’ problem brought on by the recession. This is one that was identified years ago and ignored by the very same people who are now trying to lay blame elsewhere. Just something to remember when they stand in front of the microphones, look directly into the cameras and lie through their teeth.

~McQ

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Business As Usual In Congress

The Congress described as the “most ethical and open Congress” in history by its Speaker is busy writing massive and costly health care legislation in secret. Even Democrats aren’t happy about this process:

Forty-five House Democrats in the party’s moderate-to-conservative wing have protested the secretive process by which party leaders in their chamber are developing legislation to remake the health care system.

The lawmakers, members of the fiscally conservative Blue Dog Coalition, said they were “increasingly troubled” by their exclusion from the bill-writing process.

They expressed their concerns in a letter delivered Monday to three House committee chairmen writing the bill, which House leaders hope to pass this summer.

Representative Mike Ross, an Arkansas Democrat who is chairman of the coalition’s health task force, said: “We don’t need a select group of members of Congress or staff members writing this legislation. We don’t want a briefing on the bill after it’s written. We want to help write it.”

Of course the Blue Dogs are Democrats elected in mostly conservative districts and thus hold seats which have traditionally been Republican. Meanwhile the chairmen of the three committees in question all hold safe Democratic seats.

The committee chairmen writing the House bill are Representatives Henry A. Waxman and George Miller, both of California, and Charles B. Rangel of New York.

Asked about the letter, Karen Lightfoot, a spokeswoman for Mr. Waxman, said he had met with some members of the Blue Dog Coalition and welcomed their suggestions. When she was asked why, then, they were complaining, she said, “That’s more of a question for the Blue Dogs than for us.”

Very similar to the Obama outreach to Republicans on the budget and stimulus. He ‘welcomed their suggestions’, but they certainly had no chair at the table when the legislation was formulated.

Your future health care is being decided behind closed doors by the liberal wing of the Democratic party. Apparently input from the “center” and right are not welcome.  I’m not surprised in the least, but I’m sure there are some out there that are.

~McQ

[HT: Mary R]

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Predicted vs. Actual

Here’s an interesting little chart I found at Innocent Bystanders.  The light blue line is the Obama administration’s prediction of how terrible unemployment would be if we didn’t pass the stimulus plan.  The dark blue line is the prediction of how much better things would be we did pass it.  The dark red triangles show the actual unemployment statistics.

The Amazing Effectiveness of Stimulus

The Amazing Effectiveness of Stimulus

So, how’s that recovery plan working out for us?  Not so good, apparently.

I merely provide the chart for informational purposes.  I know it’s useless to make any criticisms of the actual performance of the plan, just as it was useless to predict that this is pretty much what would happen.

Besides, saying, “I told you so”, is so churlish and mean.

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