Way To (Hu)go

Posted by: Pejman Yousefzadeh

Monday, October 13, 2008 at 01:03AM CDT

1 Comment

Remember, as you read this that it is more important to feel pity for the people of Venezuela than it is to feel schadenfreude over the potential political trouble that Hugo Chavez might get into thanks to his bungling and incompetence:

Venezuela's daily oil production has fallen by a quarter since President Hugo Chavez won power, depriving his "Bolivarian Revolution" of much of the benefit of the global boom in oil prices.

To win allies and forge an anti-American front, Mr Chavez sells oil to friendly countries at low prices. Ironically, the only big customer buying Venezuelan oil at the full market price is the United States, which the president routinely denounces as the "Empire".

"As production falls, the sales to the US become more important," said Pietro Donatello, an oil analyst from Latin Petroleum in the capital, Caracas. "Only the US is paying the full amount for Venezuelan oil and in cash, the rest are in some kind of barter agreements."

The state oil company, PDVSA, produced 3.2 million barrels per day in 1998, the year before Mr Chavez won the presidency. After a decade of rising corruption and inefficiency, daily output has now fallen to 2.4 million barrels, according to OPEC figures. About half of this oil is now delivered at a discount to Mr Chavez's friends around Latin America. The 18 nations in his "Petrocaribe" club, founded in 2005, pay Venezuela only 30 per cent of the market price within 90 days, with rest in instalments spread over 25 years.

[. . .]

"There is a bottleneck in the Venezuelan production system," said Mazhar al-Sheridah, 68, an oil expert at the Central University of Venezuela. "It will cost at least $32 billion to build another three upgrading units and take some five years, meaning that Venezuelan production is stuck at current levels for a while yet."

All this means that Venezuela has missed much of the benefit from the oil boom and, now that prices are falling, Mr Chavez faces huge financial problems. Nobody is sure at what point his government would be unable to pay its bills, but most sources consulted believe this would probably happen if oil falls to $80 a barrel. Yesterday, oil was trading at $79.80.

Fear And Loathing On The Campaign Trail

Posted by: Pejman Yousefzadeh

Monday, October 13, 2008 at 01:01AM CDT

1 Comment

Dear Lord, we may have to put up with this for at least four years:

Accusing businesses and wealthy individuals of using "offshore tax loopholes" to hide $100 billion a year in income, Biden told the crowd Sunday, "It is unpatriotic when you earn your money in the United States of America and you hide it offshore to avoid taxes, making sure YOU have to make up the difference."

His voice rising, the Delaware senator shouted: "It is unpatriotic to take $100 billion offshore and not pay your taxes! That is unpatriotic! So I don't need a lecture on patriotism! I've had it to here!"

If Biden knew anything about tax policy in particular and economics in general, he would know that his comments constitute fatuous nonsense. But I suppose that it is now "unpatriotic" to point out these basic facts.

Interestingly enough, all of those people who decried supposed attacks on their patriotism during the course of the Bush years are now silent while Joe Biden goes about trying to prove Samuel Johnson to have been one of the smartest people to have ever walked the Earth. Expect their silence to continue.

Rage And Fury On The Campaign Trail

Posted by: Pejman Yousefzadeh

Monday, October 13, 2008 at 01:00AM CDT

6 Comments

We've heard a lot of stories about the phenomenon. I presume that it refers to this:

The presidential campaign got a little too hot for two Portland men who were arrest early Saturday morning, Oct. 11, and charged with burning a John McCain campaign sign in Southeast Portland.

Portland Fire and Rescue investigators said the two men made a Molotov cocktail and threw it at the sign in the 7900 block of Southeast 17th Avenue.

And this:

Vandals spray-painted the words "Republican means slavery" on the door of the York County GOP campaign headquarters overnight Friday.

Party volunteers called police after discovering the message when they arrived at the office on Rock Hill's Oakland Avenue. The vandals also stole about 45 candidate signs from the front yard and spray-painted over a banner that carried a picture of Republican presidential nominee John McCain. Their messages included lettering and symbols sometimes used by gangs.

None of the people responsible for these outrages and obscenities can be said to be representative of the Democratic Party or of the Obama campaign. Distinctions need to be made.

Too bad they weren't made when a few rotten apples at McCain rallies were used to tar the entire campaign and the Republican Party as a whole.

So, About Those Oil Prices

Posted by: Pejman Yousefzadeh

Monday, October 13, 2008 at 12:56AM CDT

0 Comments

They are falling:

The average price of a gallon of gasoline in the United States recorded its largest drop ever as consumer demand continued to wane and oil prices slid, a prominent industry analyst said on Sunday.

The national average price for self-serve, regular unleaded gas fell 35.03 cents to $3.3079 a gallon on October 10 from $3.6582 two weeks earlier, according to the nationwide Lundberg Survey.

It was the lowest national average price since March 21, 2008. Since peaking at $4.1124 on July 11, the average cost of a gallon of gas has receded by 80.45 cents. Diesel fuel fell 21 cents to $3.95 a gallon, the first time since March that it has been below $4.00 a gallon.

"Plummeting oil prices and caving gasoline demand have combined to bring the biggest retail gasoline price cut in the history of the market," Trilby Lundberg, who compiles the survey, said in an interview. "We've been doing this 58 years. This is truly the biggest price drop."

Now, I know that the price drop has to do with supply and demand fluctuations--as the first paragraph of the article points out.

But while oil prices were rising, certain people--you all know who you are!--were telling us that the reason oil prices went up was that George W. Bush, Dick Cheney and the oil companies conspired to price gouge.

Logic would dictate that this same group of people--let's call them "the reality-based community" just for the sake of convenience--would now write that George W. Bush, Dick Cheney and the oil companies conspired to de-gouge and thus give Bush, Cheney and the oil companies as much credit for reducing the price of oil as they gave them blame for increasing it.

But since when has the "reality-based community" followed the dictates of logic?

The Trade Policy Equivalent Of "Man Bites Dog"

Posted by: Pejman Yousefzadeh

Monday, October 13, 2008 at 12:54AM CDT

0 Comments

It isn't every day when socialists express the fear that the world might become too protectionist:

Pascal Lamy, director general of the World Trade Organisation, has warned that the global financial crisis could lead to surges in protectionism as governments seek to blame foreigners for their problems.

"That is exactly what happened in the 1930s when it [protectionism] was the virus that spread the crisis all over the place," he said in a video interview with the FT. "This is a risk."

However, Mr Lamy said the good news was that the WTO's 153 members had learned from history. They had entered into binding commitments not to go it alone even if they were finding it difficult to conclude the current Doha round of trade liberalisation talks.

"We are having a lot of trouble on trade round number nine. But we have concluded eight previous rounds in 60 years," he said.

One hopes that Lamy--who really is a socialist but who has an uncommon (among socialists) appreciation of the benefits of free trade--is right when he says that we have learned from history. But when one looks at the campaign rhetoric from Team Obama on the issue of trade, one cannot help but wonder whether a refresher course is needed.

I should perhaps add that Lamy is a very close friend of World Bank President--and one of the Official Public Policy Heroes of Pejman Yousefzadeh--Robert Zoellick. Both Lamy and Zoellick are excellent on the issue of trade and both need help from the next American President to spread the benefits of trade liberalization.

They will get that help from John McCain. From Barack Obama? All signs point to "not so much."

E.J. Dionne Doesn't Think Ahead When Putting Forth An Argument

Posted by: Pejman Yousefzadeh

Monday, October 13, 2008 at 12:52AM CDT

0 Comments

To wit.

You know, tossed-off comments like the one Dionne made are easily rebutted and dispensed with. One wonders why the Washington Post tolerates his continued presence on their editorial pages if he can't form a more cogent, coherent and tough-minded argument. Does the Post think so little of its readers that it believes they can't see through Dionne's nonsense?

Working The Refs

Posted by: Pejman Yousefzadeh

Monday, October 13, 2008 at 12:45AM CDT

0 Comments

VDH writes and people ought to listen. Of course, he is quite right in pointing out that Obama has prepped the rhetorical contest so that any criticism of him is met with overwrought expressions of concern and criticism, not to mention the now-expected tut-tutting that the McCain of 2008 is not the McCain we saw in 2000. The major reason why McCain is no longer a media darling is that he is now the Republican nominee and no longer a foil to the hated George W. Bush, but since this cannot be said out loud, pundits pretend that the scales have suddenly fallen from their eyes, that McCain has "changed," that if only they could vote for the McCain of 2000, they would, etc.

This constitutes brilliant campaigning by the Obama team. But let's be honest as well; it isn't as if the Obama campaign had to work hard to set the rhetorical groundwork in the way that it did. The media is in the tank for the Obama campaign, after all. If they weren't, they would have noted long ago that rage is a two-way street. And so is guilt by association.

My Favorite Oxymoron: Tolerant Liberals

There's Not Much Love for Free Speech, Either

Posted by: Brian Faughnan

Sunday, October 12, 2008 at 01:39PM CDT

60 Comments

There's no defending a comparatively few violent criminals who think molotov cocktails are an acceptable form of political expression. But what do you say about hundreds of liberal Democrats from one Maryland community who want to boycott a business whose owner dares to show his support for John McCain?

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Palin on the Attack: Life Issues

"There are the world’s standards of perfection... and then there are God’s, and these are the final measure. "

Posted by: Moe Lane

Sunday, October 12, 2008 at 01:21PM CDT

63 Comments

Go here for the transcript, and here for Allahpundit's commentary on the video:

This page contained an embedded video. Click here to view it.

AP's worried (not very surprising: he's a good and habitually pessimistic blogger) that this is more evidence that McCain & Palin are at odds with each other over how hard to hit the Democrats on this and other issues.

I do not agree.

Anyway, while not a Evangelical myself, I fully understand why David Brody is so happy with the text quoted in the subtitle above; I share his reaction. It's refreshing to have a politician that's this unapologetic about the ultimate source of her stance on life issues: unapologetic, and unafraid. Far too many of our current legislators act as if straightforwardly acknowledging the influence of their religious beliefs on their moral philosophy is somehow... tacky. Watching somebody who won't do that soothes.

Moe Lane

The Sunday Morning Talk Shows - The Review

Axelrod and Schumer are grinning broadly. I'm just sayin'.

Posted by: Mark Kilmer

Sunday, October 12, 2008 at 12:19PM CDT

19 Comments

ImageSunday, October 12, 2008

PREFACE:

On FOX News Sunday, host Chris Wallace first talked to Rick Davis and David Axelrod, who spoke mostly at the same time. Davis posited that the media would not discuss Bill Ayers, and Axelrod countered that Bill Ayers the most discussed "unknown public figure" in the history, I suppose, of unknown public figures. In the next segment, Governor Tim Pawlenty stressed Obama's inexperience while Governor Ed Rendell said that, despite his ravings about how Pennsylvanians hate blacks, this time the economy will trump race in his State. Rendell said also that divided government is a bad thing and the entire system should be run by one party.

On ABC's This Week, host George Stephanopoulos talked first to former Larry Summers and James Baker. Summers said that it is time to stop talking and to start acting. Former Treasury Secretary James Baker said that "this will be with us for a while," but "we will come out of it." In the next segment, Congressman Barney Franks said that it is "very important to get this done today." Congressman Roy Blunt argued that there were going to be losses, but it should not be the taxpayers who lose.

On NBC's Meet the Press, it was Rob Portman and John Corzine. It was a civil exchange between adults, despite Tom Brokaw attempts to stir things up. For instance, Portman spoke of McCain's proposed spending freeze while Corzine spoke of Obama's plan to start spending $50-billion dollars to create jobs, rebuilding infrastructure, converting to alternative energy, etc.

On CBS's Face the Nation, Lindsey Graham took offense at the Obama campaign comparing John McCain and Sarah Palin to George Wallace. Congressman Adam Putnam sees McCain as strong in Florida. Douglas Wilder sees the Bradley Effect being nullified because of Obama's gifts and because "America is ready." Colorado Governor Bill Ritter declared that "the gloss has come off Governor Palin." NEXT SEGMENT, Fred Bergsten, a former official in the Administration of Jimmy Carter, declared that there is now a "crisis of confidence." (Where have we heard that one before?) However, he thinks the "authorities" are doing the right things this time and we should come out of it alright.

On CNN's Late Edition, Senators Chuckie Schumer and Arlen Specter had a major dustup over Schumer's political attacks on Senate Republican Leader Mitch McConnell on an issue over which everyone agreed that there would be no partisan attacks.

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Where's Obama's proof of citizenship?

If he can post his birth certificate on the web, why can't he give it to the court?

Posted by: Dan Spencer

Sunday, October 12, 2008 at 09:57AM CDT

108 Comments

Both presidential candidates have been accused of not meeting the Constitutional requirement that only "natural-born" citizens hold the presidency.

Last month a federal judge threw out a lawsuit seeking to remove John McCain from the California ballot because he was born in the Panama Canal Zone:

Judge William Alsup of Federal District Court ruled late Tuesday that the law at the time of Mr. McCain’s birth automatically granted citizenship to offspring of American citizens.

Mr. McCain’s parents were both citizens when he was born on Aug. 29, 1936, in the Panama Canal Zone, an American territory where his father was stationed with the Navy.

Obama still faces a legal challenge to his constitutional eligibility to be president. A lawsuit, Berg v. Obama, brought by Philip J. Berg, a Philadelphia attorney, alleges Obama is not eligible to be president.

Instead of producing records proving Obama is a natural born citizen, Obama and the Democratic National Committee have filed a motion seeking a protective order to block production of documents until a motion to dismiss is the law suit is ruled on by the court. Obama and the Democratic National Committee also claim attorney Berg has no standing - has no right - to bring the lawsuit.

What is it that Obama and the Democratic National Committee are trying to hide? Why not just produce documents that prove Obama's citizenship and make the lawsuit go away?

Watch the following video, in which Berg talks about his lawsuit:

I repeat, what is it that Obama and the Democratic National Committee are trying to hide? If Obama can post his birth certificate on his website why can't he provide it to the court?

The Palate Cleanser This Was Everybody's Childhood Dream Memorial Open Thread.

Don't Lie: you wanted to do this.

Posted by: Moe Lane

Sunday, October 12, 2008 at 09:23AM CDT

14 Comments

Everybody did.

This page contained an embedded video. Click here to view it.

Gotta love modern engineering, huh?

Open thread.

So, is it the *Good* Parts of ACORN that you want to help you shape the agenda, Senator?

As opposed to the parts that keep getting investigated, arrested, and convicted for voter registration fraud?

Posted by: Moe Lane

Sunday, October 12, 2008 at 07:00AM CDT

13 Comments

Because it's getting harder and harder to keep track of who's doing what, and to whom.

Via Ace of Spades

Moe Lane

PS: Just to reassure Allahpundit: here's a link to the connections that the CCC has with all of its community organization friends, not to mention Leftist, Marxist, and generally radical activist groups. These people have been pretty much all living in each other's pockets for the last forty years; by now they're more incestuous than a Faulkner novel.

PPS: You may want to have a chat with DNC mouthpiece Brad Woodhouse about what the phrase "There's no relationship here" actually means. Although I must say that the accelerated mushroom treatment that you've put the DNC through seems to have paid dividends: they repeat the Approved Points of Talk quite steadily. Electroshock? Drug cocktail? Forced memetic downloading?... oops, ignore that last one.

John Lewis is a Race Baiter

Posted by: Erick Erickson

Sunday, October 12, 2008 at 06:20AM CDT

20 Comments

Let's just call John Lewis (D-GA) what he is: a race baiter.

It is not deniable. It is not controversial. John Lewis, who made history standing up for civil rights, has become a parody of his former self. It is somewhat understandable. He struggled for civil rights in the sixties. He saw friends gun downed by white police officers and was himself targeted.

But John Lewis has never put aside the legitimate hate he developed in the sixties. All struggles now are as bad as struggles then for John Lewis. He uses his celebrity to drive the hyperbole of race baiting.

The left may not like me saying it, but it is the truth.

In 2006, John Lewis cooperated with a radio ad for John Eaves, the present Chairman of the Fulton County Commission in Georgia. The ad played on black radio stations. In it, Lewis said this:

On Nov. 7, we face the most dangerous situation we ever have. You think fighting off dogs and water hoses in the '60s was bad. [Now we] sit idly by, and let the right-wing Republicans take control of the Fulton County County Commission.

This was followed with Atlanta's current mayor Shirley Franklin claiming the efforts of Martin Luther King, Jr. might be undone and of former Atlanta mayor Andrew Young saying they couldn't afford to turn the clock back.

Lewis, though, got the last word, saying:

Your very life may depend on it.

The message is clear: Vote Republican and you go back to slavery.

John Lewis is a race baiter. The man who routinely sows seeds of hatred in the black community against the white community is really in no position to accuse John McCain of anything.

Molotov cocktails. :pause: I don't really need to go on, do I?

And may I add in passing that there is no way that this was not premeditated?

Posted by: Moe Lane

Sunday, October 12, 2008 at 12:49AM CDT

20 Comments

Leslie Brockette Leudtke and Kevin Carl Robinson - the two suspects - didn't just happen to have incendiary devices in their car trunk. They had a plan. Via Protein Wisdom Pub:

Pair arrested after large McCain sign torched in Sellwood yard

PORTLAND, Ore. - Authorities have arrested two men after a Molotov cocktail was thrown at a 4-foot by 8-foot campaign sign for Republican presidential candidate John McCain in a southeast Portland yard.

Karen Scrutton said she was asleep inside her home at 7956 S.E. 17th Ave. in the Sellwood neighborhood when she saw her sign go up in flames after 1 a.m.

"I screamed upstairs to my husband, 'Jean! Jean!" she said.

A neighbor heard a crash and chased off one of the suspects. Jean Scrutton said his son-in-law found another suspect not far away.

And yes, "Molotov cocktails." That's what it says on the news release.

Moe Lane

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