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Monday, March 02, 2009

Global Warming Washington Style

SEARCH BLOG: GLOBAL WARMING

From Marc Morano of Sen. Inhofe's staff:
to "Morano, Marc (EPW)"
date Sat, Feb 28, 2009 at 9:51 PM
subject BREAKING: Not again! Big DC Snowstorm to Greet 'Largest public protest of global warming ever in U.S.!' - Unseasonably Cold March Temps!
mailed-by epw.senate.gov
BREAKING: Not again! Big DC Snowstorm to Greet 'Largest public protest of global warming ever in U.S.!' - Unseasonably Cold March Temps!

[Note: All I (Marc Morano) can say is: HA! HA! HA!  - The ‘Gore Effect’ Strikes again – this time it impacts NASA’s James Hansen! See also: GORE HEARING ON WARMING MAY BE PUT ON ICE – Jan. 26, 2009 ]

 

BREAKING: Not again! Big DC March Snowstorm to Greet 'Largest public protest of global warming ever in U.S.!' – Unseasonably Cold March Temps!

 

DC under 'Winter Storm Watch'...Snow and unseasonably cold temps! 

http://forecast.weather.gov/MapClick.php?CityName=Washington&state=DC&site=LWX&textField1=38.895&textField2=-77.0373&e=1

 

'Largest public protest of global warming ever in U.S.' set for Monday March 2, 2009 at U.S. Capitol w/ NASA’s James Hansen – Fox News – Feb. 27, 2009

Excerpt: NASA's chief climate scientist is in hot water with colleagues and at least one lawmaker after calling on citizens to engage in civil disobedience at what is being billed as the largest public protest of global warming ever in the United States. In a video on capitolclimateaction.org, Dr. James Hansen is seen urging Americans to "take a stand on global warming" during the March 2 protest at the Capitol Power Plant in Southeast Washington, D.C. "We need to send a message to Congress and the president that we want them to take the actions that are needed to preserve climate for young people and future generations and all life on the planet," says Hansen, who has likened coal-fired power plants to "factories of death" and claims he was muzzled by the Bush administration when he warned of drastic climate changes. […] But critics say Hansen's latest call to action blurs the line between astronomer and activist and may violate the Hatch Act, which prohibits federal employees from participating in partisan political activity. "Oh my goodness," one of Hansen's former supervisors, Dr. John Theon, told FOXNews.com when informed of the video. "I'm not surprised ... The fact that Jim Hansen has gone off the deep end here is sad because he's a good fellow." “Why he has not been fired I do not understand," Theon said.

http://www.foxnews.com/story/0,2933,501064,00.html

 

Tracking 'The Gore Effect' – Politico November , 2008

 

[Note: The “Gore Effect” has a long and storied history. What follows is a sampling of how Mother Nature enjoys mocking global warming fear promoters.

 

1) First October snow since 1922 blankets London as global warming bill debated – October 2008  #

 

2) Global Warming Vote on Snowy Day in Washington - Senate committee debates expensive climate change bill snow blanket D.C. – December 2007  #

 

3) HOUSE HEARING ON 'WARMING OF THE PLANET' CANCELED AFTER SNOW/ICE STORM – February 2007  #

 

4) NOT AGAIN! DC 'Snow Advisory' Issued on Day of Congressional Global Warming Hearing – March 2007 #

 

5) Gore decries 'global warming' in bitterly cold NYC – December 2006 #

 

6) Gore delivers environmental message at Harvard - ...with near 125-year record breaking low temps – October 2008 #

 

7) Global warming activists urged to focus on Earth Day rallies and ignore snow as it 'piles up outside our windows' – April 17, 2007 #

 

8) No Joke! Cyclists 'braved freezing cold temps' to promote global warming awareness in New York - October 22, 2008 #

 

9) Global warming protest in Maryland frosted with snow – January 2008 #

 

10) Global warming rally in the snow – April 2007  #

 

11) Snow won't dampen global-warming rallies – April 2007  #

 

12) Brrr. - Obama to global warming demonstrators: 'This is probably not the weather to hold up those signs...it's a little chilly today' - October 28,  2008 #

 

13) Global Warming Awareness Walk Braves Snow Storm – March 2007  #

 

14) The Gore Effect, Cont. - Gore speaks in Italy during 'rare' cold and snow #

 

15) Tracking 'The Gore Effect’ – Politico November 26,6, 2008 #

 

16) Climate protest cancelled 'due to rain and cold' – Nov. 23, 2008 ]

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There is always an easy solution to every human problem—neat, plausible, and wrong.
Henry Louis Mencken (1880–1956)
“The Divine Afflatus,” A Mencken Chrestomathy, chapter 25, p. 443 (1949)
... and one could add "not all human problems really are."
It was beautiful and simple, as truly great swindles are.
- O. Henry
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Tracking Interest Rates

Tracking Interest Rates

FEDERAL RESERVE & HOUSING

SEARCH BLOG: FEDERAL RESERVE for full versions... or use the Blog Archive pulldown menu.

February 3, 2006 Go back to 1999-2000 and see what the Fed did. They are following the same pattern for 2005-06. If it ain't broke, the Fed will fix it... and good!
August 29, 2006 The Federal Reserve always acts on old information... and is the only cause of U.S. recessions.
December 5, 2006 Last spring I wrote about what I saw to be a sharp downturn in the economy in the "rustbelt" states, particularly Michigan.
March 28, 2007
The Federal Reserve sees no need to cut interest rates in the light of adverse recent economic data, Ben Bernanke said on Wednesday.
The Fed chairman said ”to date, the incoming data have supported the view that the current stance of policy is likely to foster sustainable economic growth and a gradual ebbing in core inflation”.

July 21, 2007 My guess is that if there is an interest rate change, a cut is more likely than an increase. The key variables to be watching at this point are real estate prices and the inventory of unsold homes.
August 11, 2007 I suspect that within 6 months the Federal Reserve will be forced to lower interest rates before housing becomes a black hole.
September 11, 2007 It only means that the overall process has flaws guaranteeing it will be slow in responding to changes in the economy... and tend to over-react as a result.
September 18, 2007 I think a 4% rate is really what is needed to turn the economy back on the right course. The rate may not get there, but more cuts will be needed with employment rates down and foreclosure rates up.
October 25, 2007 How long will it be before I will be able to write: "The Federal Reserve lowered its lending rate to 4% in response to the collapse of the U.S. housing market and massive numbers of foreclosures that threaten the banking and mortgage sectors."
November 28, 2007 FED VICE CHAIRMAN DONALD KOHN
"Should the elevated turbulence persist, it would increase the possibility of further tightening in financial conditions for households and businesses," he said.

"Uncertainties about the economic outlook are unusually high right now," he said. "These uncertainties require flexible and pragmatic policymaking -- nimble is the adjective I used a few weeks ago."
http://www.reuters.com/

December 11, 2007 Somehow the Fed misses the obvious.
fed_rate_moves_425_small.gif
[Image from: CNNMoney.com]
December 13, 2007 [from The Christian Science Monitor]
"The odds of a recession are now above 50 percent," says Mark Zandi, chief economist at Moody's Economy.com. "We are right on the edge of a recession in part because of the Fed's reluctance to reduce interest rates more aggressively." [see my comments of September 11]
January 7, 2008 The real problem now is that consumers can't rescue the economy and manufacturing, which is already weakening, will continue to weaken. We've gutted the forces that could avoid a downturn. The question is not whether there will be a recession, but can it be dampened sufficiently so that it is very short.
January 11, 2008 This is death by a thousand cuts.
January 13, 2008 [N.Y. Times]
“The question is not whether we will have a recession, but how deep and prolonged it will be,” said David Rosenberg, the chief North American economist at Merrill Lynch. “Even if the Fed’s moves are going to work, it will not show up until the later part of 2008 or 2009.”
January 17, 2008 A few days ago, Anna Schwartz, nonagenarian economist, implicated the Federal Reserve as the cause of the present lending crisis [from the Telegraph - UK]:
The high priestess of US monetarism - a revered figure at the Fed - says the central bank is itself the chief cause of the credit bubble, and now seems stunned as the consequences of its own actions engulf the financial system. "The new group at the Fed is not equal to the problem that faces it," she says, daring to utter a thought that fellow critics mostly utter sotto voce.
January 22, 2008 The cut has become infected and a limb is in danger. Ben Bernanke is panicking and the Fed has its emergency triage team cutting rates... this time by 3/4%. ...

What should the Federal Reserve do now? Step back... and don't be so anxious to raise rates at the first sign of economic improvement.
Individuals and businesses need stability in their financial cost structures so that they can plan effectively and keep their ships afloat. Wildly fluctuating rates... regardless of what the absolute levels are... create problems. Either too much spending or too much fear. It's just not that difficult to comprehend. Why has it been so difficult for the Fed?

About Me

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Michigan, United States
Air Force (SAC) captain 1968-72. Retired after 35 years of business and logistical planning, including running a small business. Two sons with advanced degrees; one with a business and pre-law degree. Beautiful wife who has put up with me for 4 decades. Education: B.A. (Sociology major; minors in philosopy, English literature, and German) M.S. Operations Management (like a mixture of an MBA with logistical planning)