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Don't Blame Voters for California's Budget Woes

The following column appeared in The Wall Street Journal on October 3, 2009: Don't Blame Voters for California's Budget Woes Big spending pols falsely claim citizen ballot initiatives have tied their hands. By SHIKHA DALMIA, ADRIAN MOORE AND ADAM B. SUMMERS With the Golden State still struggling to balance its books, politicians from both sides of the aisle have come up with a nifty way to avoid responsibility for the mess: Blame the voters. Gov. Arnold Schwarzenegger, a Republican, summed it up for his fellow pols recently by telling a reporter: "All of those propositions tell us how we must spend our money. . . . This is no way, of course, to run a state." State Senate President Pro Tem Darrell Steinberg, a Democrat, has made similar comments in denouncing "ballot-box budgeting." Their indictment is false. Voters aren't tying lawmakers' hands too much, but too little. Here's the background: For decades, state officials have habitually proposed ...
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Gore On The Grill

American Thinker: Gore On The Grill October 14, 2009 Gore On The Grill By Brian Sussman Last Friday, global warming's poster boy, Al Gore, spoke to the Society of Environmental Journalists' convention in Madison, Wisconsin. After his speech to this flock of propagandists, there was a rare Q and A session. Among those asking a question was Irish filmmaker Phelim McAleer, director of Not Evil, Just Wrong, a movie critical of the global warming movement. McAleer queried Gore about a 2007 decision by the British High Court which determined that Gore's global warming flick, An Inconvenient Truth, was so packed with fraud that it required a 56-page disclaimer if it was to continue to be shown to students in the United Kingdom. McAleer asked, "The judge in the British High Court, after a lengthy hearing, found that there were nine significant errors [in the movie]. This has been shown to children. Do you accept those findings, and have you done anything to correc...
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China Banking Regulator: U.S. Policy Fueling Asset Speculation

by CalculatedRisk on 11/15/2009 09:20:00 AM From Bloomberg: China’s Liu Says U.S. Rates Cause Dollar Speculation “The continuous depreciation in the dollar, and the U.S. government’s indication, that in order to resume growth and maintain public confidence, it basically won’t raise interest rates for the coming 12 to 18 months, has led to massive dollar arbitrage speculation,” [Liu Mingkang, chairman of the China Banking Regulatory Commission said] ... Liu said this has “seriously affected global asset prices, fuelled speculation in stock and property markets, and created new, real and insurmountable risks to the recovery of the global economy, especially emerging-market economies.” President Obama will be in China today, and there will probably be some dicussion of China's exchange rate policy.
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