Free kibbles

ECONOMY:

Government's attempts to reinflate the housing bubble, while they've managed to create a wealth-destroying bounce, are doomed to fail and failing. The Fed's money creation is like blowing air into a balloon with hole in it. For a little while, the Fed may be able to blow more air into it than is leaking out, but it can't last, and it's doomed to fail.

FEDERAL RESERVE:

Krugman pretends the Fed doesn't export inflation as if the dollar wasn't the reserve currency of the rest of the world.

GLOBAL WARMING AND ENERGY:

This is an important post about how NASA has intentionally corrupted temperature data during the global warming fraud era and where this year fits in in reality.

"1934 has long been considered the warmest year of the past century. A decade ago, the closest challenger appeared to be 1998, a super-el nino year, but it trailed 1934 by 0.54°C (0.97°F). Since then, NASA GISS has “adjusted” the U.S. data for 1934 downward and 1998 upward (see December 25, 2010 post by Ira Glickstein) in an attempt to make 1998 warmer than 1934 and seemingly erased the original rather large lead of 1934 over 1998."

Here's the kicker about this year:

"The last phases of the strong 2009-2010 el nino in early 2010 made this year another possible contender for the warmest year of the century. However, December 2010 has been one of the coldest Decembers in a century in many parts of the world, so 2010 probably won’t be warmer than 1998.  But does it really matter?"

Not when government controls the dataset and therefore corrupts it to meet it to meet the never-ending agenda of the aristocrats to loot the people of wealth and power and amass it to themselves. This essay goes on to put the last decades into the context of the last century, millennia, and longer to show that current global temperatures are markedly lower than normal throughout human history.

Hundreds of snow records including for New York City set this December. It's soooooo warm.

POLITICS:

Chris Matthews, an admitted Marxist, and two other liberals have finally come around to the same position I've had since before Obama was elected: we all want to see Obama's full birth certificate. Not because we doubt he was born in Hawaii, that seems almost certain, but because the American people have a right to see it. Because the only reason Obama doesn't release it is he's hiding something, and the American people have a right to know what that is. I also want to see his full records from Columbia. The American people have that right. Here's the crucial point I've made over and over which tells us Obama is hiding something:

"Obviously, even liberals are beginning to wonder why the White House doesn’t kill this issue by simply providing the evidence."

The answer is even more obvious: the document contains information Obama thinks will seriously harm his agenda. This isn't rocket science. Obama thinks the birther movement is less damaging than the information in the document. The longer he refuses to release the document, the more damaging the information must be. Just for fun, I'll through out a make-believe guess: Richard Nixon is Obama's godfather.

It's interesting that the incoming governor of Hawaii is a Democrat, Obama ally and knew him as a child and wants to release Obama's full birth certificate. This pits Obama against his core constituency. This lends more credence to my theory that the longer Obama refuses, the more damaging the information must be. If Abercrombie backtracks on this, and that's almost certain to happen, it will do more damage to Obama.

""What bothers me is that some people who should know better are trying to use this for political reasons," Abercrombie told the Los Angeles Times last week. "Maybe I'm the only one in the country that could look you right in the eye right now and tell you, 'I was here when that baby was born.'""

As governor of a state, this man is guaranteed to be significantly corrupt, so this statement lends more credence to the birthers' case, imo. If Obama had nothing to hide, if they would work in his favor, he would have released those records long before he was elected president. Release the documents, Mr. President.

MISC:

Rethinking charity. This begs the question of whether the goals of charity couldn't be better achieved through entrepreneurship and business than through handouts. For example, instead of giving money to cancer research, it would almost certainly be more effective to create or invest in a cancer research business.

Ed Rendell calls the US a nation of wusses after NFL postpones Eagles-Vikings game. I completely agree with his assessment, but I'm not sure it makes sense in this context. I bet the NFL made a ton more money by postponing this game, and that's what the NFL, like every other business in America, is supposed to do.