“How Barack Obama rescued the US economy”

That’s the headline on a recent Financial Times piece (sorry, the FT has a paywall) by Martin Wolf.  It’s a silly headline, for a silly article.

How should we assess the economic success or failure of Barack Obama’s presidency?

This is a difficult question to answer.

Happy New Year

Originally published in 2012, I repeat it here.

This blogger hopes for increasing prosperity for all in the new year just begun.  Following are some additional thoughts, from those better than I.

Dinner was made for eating, not for talking.
–William Makepeace Thackeray

New Year’s Resolution: to tolerate fools more gladly, provided this does not encourage them to take up more of my time.
–James Agate

Those who gave thee a body, furnished it with weakness; but He who gave thee Soul, armed thee with resolution.  Employ it, and thou art wise; be wise, and thou art happy.
–Akhenaton

Four Pillars of a Health Care System?

The Wall Street Journal posited this in a Wednesday op-ed.

1. Provide a path to catastrophic health insurance for all Americans.

The WSJ then supports this with old saws: being covered generally leads to better medical results, health insurance is good for the wallet, and so on.  Then they want a government solution—while they carefully avoid saying how they would pay for it:

The ObamaCare replacement should make it possible for all people to get health insurance that provides coverage for basic prevention, like vaccines, and expensive medical care that exceeds, perhaps, $5,000 for individuals.

Federal Green Expenditures

Watts Up With That has some ideas for budget cutting in the next administration.  Or, actually, these ideas come from Salon (!) via WUWT (never mind that cutting isn’t what Salon meant).

  • Energy Department

2017 climate-related budget: $8.5 billion

  • Interior Department

2017 climate-related budget: $1.1 billion

  • State Department

2017 climate-related budget: $984 million

  • NASA

2017 climate-related budget: $1.9 billion

  • Environmental Protection Agency

2017 climate-related budget: $1.1 billion

  • National Oceanic and Atmospheric Administration

2017 climate-related research and development: $190 million

That works out to $13.8 billion of “useless waste.”  Yes, indeedy.

Happy New Year

Originally published in 2012, I repeat it here.

This blogger hopes for increasing prosperity for all in the new year just begun. Following are some additional thoughts, from those better than I.

Dinner was made for eating, not for talking.
–William Makepeace Thackeray

New Year’s Resolution: to tolerate fools more gladly, provided this does not encourage them to take up more of my time.
–James Agate

Those who gave thee a body, furnished it with weakness; but He who gave thee Soul, armed thee with resolution. Employ it, and thou art wise; be wise, and thou art happy.
–Akhenaton