Politics bashing bidness, otherwise known as the famed and apparently widely sought-after Rectal-Cranial Inversion.
Have you noticed the direct correlation between Nancy Pelosi’s statements and the stock market tumbles? Consider this. Every 400 point drop in the Dow has come immediately after Ms. Pelosi mounted her podium.
Is it something in the water? Is it genetic? What is the matter with politicians in general, with Democrats in particular, and with Ms. Pelosi specifically? Are they just plain stupid or is it their God-given mission to ruin America?
We’ve been riding a couple of horses in this series: bad science and bad management.
Global Warming is a good example of Not-So-Real science. The popular press and the Congress would have us believe that all scientists agree on the causes and outcomes of Global Warming. And yet. And yet the National Climatic Data Center reports that global temperatures in 2006 were the third coldest on record.
Meanwhile, Weather Channel founder John Coleman wrote, “There is no significant man made global warming. There has not been any in the past, there is none now and there is no reason to fear any in the future. The climate of Earth is changing. It has always changed. But mankind’s activities have not overwhelmed or significantly modified the natural forces.” Mr. Coleman may be a whackjob but he is a whackjob with better scientific credentials than any national elected official.
That must be why Ms. Pelosi (with the help of Mr. Gore) will once again proclaim that Congress has more scientific knowledge than the actual scientists. The Democratic Global Climate Control machine just keeps on trucking. So to speak.
And then there is business.
Here’s a typical recent comment: “Automakers don’t need a bailout. Look at the airlines.”
And another: “General Motors doesn’t make cars that people want to buy.”
It may be true that American automakers can survive without an infusion of loan funds but that airline analogy is just plain wrong. The airlines are a service business. Automakers make actual products.
Which company sells more cars in the world, General Motors or, say, Citroen? How about General Motors or, say, Volkswagen? Oooh, I know. How about General Motors versus, say, Toyota? Yeah, yeah, there is a real battle between the General and Toyota over which is the largest automaker in the world but the fact remains that millions literally millions of people have bought, are buying, and will buy brand new General Motors vehicles this year. That doesn’t add up to “not making cars that people want” even inside the Beltway.
Econ 101: You can fix labor problems by cutting wages, particularly in a service business. You cannot make fixed assets cost less by cutting income.
Ms. Pelosi is playing pur sang politics with a single objective. I believe Ms. Pelosi understands that she cannot ever look good. Therefore she must make everyone else look bad. If the Global Warming political argument destroys American industry and if she can force the automakers into bankruptcy, she believes she can rescue the teeny-tiny-and-oh-so-grateful remainder.
Assuming that any American employers last long enough to be “saved.”
Is it something in the water? Something in the air? Is it genetic? Maybe we need a government-funded study.
Eighteenth century Scottish historian Alexander Tytler postulated: “A democracy cannot exist as a permanent form of government. It can only exist until a majority of voters discover that they can vote themselves largess out of the public treasury.”
Similarly, Twenty-First century American conservative republican geno postulates: “Capitalism ceases to exist as a permanent form of economics once it learns that liberalism will bail it out.”