Moses said to the people in his final charge "I put before you life and death, blessing and curse. Choose life...Be strong and resolute..for the Lord will not forsake you" Deut. 30 and 31. Former US National Debate Champion and Ordained Rabbi tackles issues of Public Policy, Israel, Islamic Terrorism, Antisemitism, Jewish Wisdom and the Chicago Bears
"In 2019 (under Trump) the U.S. became energy-independent, a net exporter. Gas and electricity prices were low, and the U.S. was the largest producer of energy on the planet. Thanks to abundant and affordable clean-burning natural gas, brought to us by horizontal drilling, the reduction in greenhouse-gas emissions was the most successful in the industrialized world...In the year since the administration (Biden) froze new drilling leases on 26% of federal land and more than a third of the nation’s resources in productivity, the U.S. has been falling further from energy independence, putting national security at risk."
on those 9000 permits that Psaki loves to crow about:
1. some of those are dry, so there was nothing to pump out of them.
2. Some are restricted over environmental issues, some of which are due to Biden's executive actions he took reversing Trump's executive actions in 2017.
3. Biden loves comparing 2017 production to current production, but 2017 was the year Trump removed many of the restrictions that the Obama/Biden Administration had placed on oil companies, so it took that period of 2017 to ramp up production. An oil well isn't drilled and put into production in a single day. It takes time, but if you compare Trump's numbers from 2018-19 they'll be higher than Bidens.
4. If Biden's numbers were as great as Psaki claims he wouldn't have to have increased imports by 40.6%.
'Climate-change moralists love humanity so much in the abstract that they must shut down its life-giving gas, coal and oil in the concrete. And they value humans so little that they don’t worry in the here and now that ensuing fuel shortages and exorbitant costs cause wars, spike inflation and threaten people’s ability to travel or keep warm.
Ad 1 of 1 (0:00)
volume_off
-0:00
fullscreen
Auto (225p)
225p
360p
Subtitles Off
Subtitles EN
English
Up Next - Pelissero reveals Davante Adams trade compensation for Packers, Raiders
NFL Network's Tom Pelissero reveals wide receiver Davante Adams trade compensation for Green Bay Packers, Las Vegas Raiders.
Pelissero reveals Davante Adams trade compensation for Packers, Raiders
NFL
|
0:20
Von Miller 'excited to chase multiple Super Bowls' with Bills
NFL
|
0:43
Carson Wentz 'ready to take command' as Commanders QB in 2022
NFL
|
0:13
Von Miller announces he's joining Bills on Instagram
NFL
|
0:15
Pelissero: Ravens signing Za'Darius Smith to four-year, $35M deal
NFL
|
0:34
Garafolo: Marcus Maye to sign three-year deal, $28.5M deal with Saints
NFL
|
0:41
Pelissero: Browns to sign Jakeem Grant to three-year deal
NFL
|
0:24
Darius Leonard makes pitch sell for Allen Robinson, Stephon Gilmore
NFL
|
0:33
Pelissero: Patriots to re-sign RB James White to two-year, $5M contract
NFL
|
0:16
Garafolo: Jets agree to terms with S Jordan Whitehead on two-year, $14.5M contract
NFL
|
0:31
The Biden administration stopped all gas and oil production in the ANWR region of Alaska. It ended all new federal leases for drilling. It is canceling major new pipelines. It is leveraging lending agencies not to finance oil and gas drilling. It helped force the cancellation of the EastMed pipeline that would have brought much-needed natural gas to southern Europe. And it has in just a year managed to turn the greatest oil and gas producer in the history of the world into a pathetic global fossil-fuel beggar."
Victor DAVID HANSON
"His administration is similarly proceeding as if Vladimir Putin weren’t exploiting his energy dominance to kill Ukrainians. The Federal Energy Regulatory Commission recently announced a new pipeline review policy that will stop most projects. The White House continues its near-moratorium on new leases to drill on federal land and its block of Alaskan drilling. The president announced he’ll attempt to impose his Green New Deal via executive order. The House Progressive Caucus this week offered ideas, calling on him to “declare a national climate emergency,” and use it to ban “fossil fuel leases,” and force companies to build renewables under the Defense Production Act.
Across the pond, things look exactly opposite. The Europeans have embraced the climate religion with a fervor to rival Bernie Sanders. Yet Mr. Putin’s shocking violence in Ukraine—his willingness to wield energy as a weapon—sobered the Continent overnight."
No one has more reason to be shocked by the results of last week’s San Francisco recall election than the three school-board members whom voters threw over the side. The vote totals to kick them off the progressive island were 72%, 75% and 79%.
Commentaries by Democrats are now emerging to argue the party will be wiped out in November’s midterm elections unless its candidates distance themselves from the progressives. As a long-ago boss of mine might have said as he prowled the loading dock: These Democrats are a day late and a dollar short.
With readers’ indulgence, I’d like to play the devil’s advocate for the three card-carrying San Francisco progressives. Across the whole landscape of American politics the past five years and more, what evidence has there been that influential Democrats were willing to break with the party’s left? Nearly none.
Take cancel culture. The destruction of careers, businesses and reputations for giving offense to the new woke orthodoxies has been running for at least eight years. It is one of the worst phenomena the American left has ever produced, not least in San Francisco.
NEWSLETTER SIGN-UP
Opinion: Morning Editorial Report
All the day's Opinion headlines.
Two years ago, a respected senior curator of American art at the San Francisco Museum of Modern Art was forced out for saying something vaguely favorable about “white artists.” An internal museum-staff petition said his removal “is nonnegotiable.” His colleagues around the art world pulled the curtains and said nothing.
Recall last year’s firing of the docents at the Chicago Art Institute for racial reasons. As the late Bob Dole once asked, where was the liberal outrage? How did the default become that only conservatives called out this stuff?
Why shouldn’t the three San Francisco school-board members have thought that erasing the names of Abraham Lincoln or George Washington would be no problem when simultaneously monuments to “racist” presidents and other Americans were torn down all over the country with little liberal resistance, or even with assent?
Presumably the San Francisco school-board members watched or attended the Democratic National Convention in August 2020, where no speaker—not any of the presumed “moderates”—tried to separate the urban protests in May over George Floyd from the store lootings and pitched battles with police.
Defund the police and progressive prosecutors aren’t Republican-concocted “messaging” issues. Where were the liberal critiques arguing for a more common-sense balance between decriminalization and the police function? By the way, those 70%-plus vote totals happened inside the context of San Franciscans living in a city occupied by shoplifters and street people.
Why shouldn’t the San Francisco school-board members have thought they could ignore objecting parents? President Biden himself had their backs. When parents in Loudoun County, Va., noisily objected to their school board imposing progressive racial theories on curriculums, Attorney General Merrick Garland’s Department of Justice sicced the FBI on them.
But here’s the fun part: No Democrat, including the party’s new critics, dissents from the notion that their common cause is protecting “our democracy.” Nancy Pelosi on ABC: “Nothing less is at stake than our democracy.” Alexandria Ocasio-Cortez to the New Yorker magazine: “What we risk is having a government that perhaps postures as a democracy, and may try to pretend that it is, but isn’t.”
This is almost wholly about Donald Trump’s clinical obsession that the 2020 election was “rigged.” If that’s the Democratic Party’s unifier, then by all means they should ride the Trump voting-fraud horse until it drops.
History may thank former Twitter CEO Jack Dorsey for pulling the plug on the Trump Twitter account. With Mr. Trump’s post-midnight tweets no longer blotting out the U.S. political sun, Democrats have to stand before voters with their own policies and behavior. The recall vote in San Francisco was a portent, summed up in this remark to the Washington Post by a recall organizer:
“I’ve always thought of myself as a progressive—until now, recently, when I’m looking at this situation,” said Siva Raj. “I’m shocked—like, how can progressives be for something like this? This is not me. These are not the values that I buy anymore.”
Democratic self-reflection after the startling schools defeat in San Francisco and Glenn Youngkin’s gubernatorial win in Virginia may reflect the natural ebb and flow of American politics. But it isn’t enough.
The progressive problem is deeper than the Democratic Party’s loss of independents. The left achieved a fundamental ideological transformation that has gone unanswered by liberals for years, starting in the universities. Liberal academics who spoke out were censured by administrators and shunned by colleagues.
Then when novel ideas about identity, race and gender—now being criticized as a liability because they alienate non-base voters—marched toward the country’s cultural and corporate institutions, liberals held the doors open. Coercion had become king.
A midcourse November correction won’t change that. Only a resounding midterm defeat will force a necessary revision of these destructive ideas. The Democrats deserve to lose. They’ve earned it.
capitalism offers solutions to all of those challenges. The largest reductions in carbon emissions have come from natural gas, thanks to the market innovation of shale fracking. Competitive labor markets have helped minorities rise despite residual racism because bigotry is too expensive. The wealth created by free markets and innovation, along with global trade, has lifted billions out of poverty.Extreme global povertyhas plunged to less than 10% from 45% in 1980 while world GDP has more than tripled.
We now have fast broadband and smartphones that connect with others anywhere, anytime; 24-hour home delivery of almost anything we want; breakthrough medical treatments and vaccines; genetically engineered crops that have increased farm yields and global nutrition; cheap energy thanks to an oil and gas shale boom; and a rising standard of living for most of the world. Socialism didn’t build that.
Yet if they had been paying attention in recent years, they might have noticed that “free-market fundamentalism” could have spared the U.S. from some terrible mistakes.
For example, when government pays people not to work, many don’t work. When government increases taxes and regulation, output declines. And when government floods the economy with money, inflation breaks out. Is 7.5% inflation helping “wealth inequality”?
Jerome Powell Is Wrong. Printing Money Causes Inflation.
The Fed chairman insists the growth of M2 doesn’t ‘have important implications.’ The math shows otherwise.
By Steve H. Hanke and Nicholas Hanlon
Federal Reserve Chairman Jerome Powell still believes that inflation and the money supply are unconnected. He first made this remarkable assertion in his Semiannual Monetary Policy Report to Congress last February, saying that “the growth of M2 . . . doesn’t really have important implications for the economic outlook.” Since then, the U.S. annual inflation rate has climbed to 7.5% from 1.7%, but Mr. Powell hasn’t changed his mind. He doubled down during congressional testimony in December, arguing that the connection between money and inflation ended about 40 years ago. The nearby chart shows otherwise.
By turning a blind eye to money, the Fed has allowed the printing presses to run in overdrive. The money supply as measured by M2, which is the Fed’s broadest measure of money in the economy, has been growing at record rates—with 39.9% cumulative growth since February 2020. M2 is still growing at an elevated, inflationary rate of 12.6% a year. Before the pandemic, you’d have to go back to the early 1980s to find a monetary growth rate this high.
One of us, Mr. Hanke, predicted in these pages last July that year-end inflation for 2021 would “be at least 6% and possibly as high as 9%.” That was based on the quantity theory of money, which economic thinkers have used since the Renaissance. The theory rests on a simple identity, the equation of exchange, which demonstrates the link between the money supply and inflation: MV=Py, where M is the money supply, V is the velocity of money (the speed at which it circulates relative to the money supply), P is the price level, and y is real gross domestic product. So, the quantity theory of money provides the link between money and inflation.
If Mr. Powell is right and all that is outdated thinking, then when looking back through economic data, the equation of exchange shouldn’t be able to predict prices. But look at the chart. When we took the past 60 years of economic data and the rate-of-change form of the identity we explained above, it predicted price changes almost perfectly. Our estimate deviated from actual inflation only during 2020, as the money supply grew at unprecedented rates and lockdowns stanched real growth. By June 2021, our estimate for inflation based on the quantity theory of money had reverted back to its conjunction with actual inflation.
It’s time for Mr. Powell and his colleagues at the Fed to realize that money matters.
Mr. Hanke is a professor of applied economics at Johns Hopkins University. Mr. Hanlon is chief of staff at the Johns Hopkins Institute for Applied Economics, Global Health and the Study of Business Enterprise.
