American Elephants

Happy Valentines Day! by American Elephant
February 14, 2010, 9:58 pm
Filed under: Pop Culture | Tags: ,

Happy Valentines Day!

Being of the male of the species, I’ve never much understood the importance some place on the holiday. Let’s face it, Valentines Day is nothing more than a concoction of the greeting-card industry to promote the sales of schmaltzy valentines. And as a holiday, its kind or a rip-off — if even the most perfectly executed Valentine’s Day gesture doesn’t excuse one from being romantic the rest of the year, then, really, what’s the point?

That said, I should point out that Elephants are known to be very partial to chocolate truffles.

Democrats Will Spend President’s Day Celebrating — The Stimulus! by The Elephant's Child

From The National Journal’s ” Hotline”, not, as you might suppose, the Onion:

House Dems will spend the Pres. Day recess marking the 1-year anniversary of the $787B stimulus act, embracing a bill that has them in some political hot water.

Wednesday marks the anniversary of the bill’s passage, and Speaker Nancy Pelosi is encouraging Dems to hold events touting its success. As polls show the economy still tops voters’ list of pressing concerns, members’ votes on the bill itself could prove decisive.

“The Recovery Act is a hallmark achievement of this Congress,” Pelosi wrote in a memo to House Dems, obtained by Hotline On Call. In the memo, Pelosi says the bill has created or saved 2M jobs and will “support” 3.5M jobs by the end of the year — numbers that GOPers reject as invented.

No Longer the Stuff of Science Fiction! by The Elephant's Child

Baker Spring, FM Kirby Research Fellow in National Security Policy at the Heritage Foundation notes:

Although the U.S. Department of Defense and its industry partners work constantly to advance and improve defense technology, it is a rare occurrence when one such program can be described as a breakthrough. Mark your calendars, because just such an occurrence took place on February 11, 2009, off the coast of California. That day the Missile Defense Agency announced that a modified Boeing 747 aircraft carrying a high energy laser had tested the laser against a boosting ballistic missile and successfully intercepted and destroy the target missile .

It is understandable that the America people may have believed that using a laser to shoot down a launching ballistic missile is the stuff of science fiction. Clearly that used to be case, but today it is just science and no longer fiction.

According to Reuters the laser system is being developed by the Boeing Company and the Missile Defense Agency. The MDA reported that its airborne laser successfully destroyed a boosting ballistic missile and “the entire engagement occurred within two minutes of the target missile launch.” Baker Spring earlier wrote:

On February 2, 2009, Iran successfully launched a satellite into orbit using a rocket with technology similar to that used in long-range ballistic missiles. On May 20, it test fired a 1,200-mile solid-fuel ballistic missile. North Korea attempted to launch a satellite on April 6 that, while failing to be placed in orbit, delivered its payload some 2,390 miles away in the Pacific Ocean. This was followed on May 25 by an explosive nuclear weapons test. Under these circumstances, with the ballistic missile threat to the U.S. and its allies clearly growing, common sense would dictate that the Obama Administration fully fund the missile defense program.

The Obama administration has unfortunately slated the Airborne Laser program for budget cuts. The administration has proposed to cap at 30 then number of fielded interceptors for countering long-range missiles, to terminate the Multiple Kill Vehicle (MKV) program for defeating counter-measures  in midcourse stage of flight, and to terminate the Kinetic Energy Interceptor (KEI) program for intercepting ballistic missiles in the boost-phase stage of flight.

There is a video of the historic first ballistic Missile test available at the website.  The $862 billion stimulus bill promised to save or create  3.5 million jobs by the end of 2010, and  as of this January, employment had actually dropped by 3.4 million jobs.  Nice to know that the money the administration has spent has accomplished so much.

President Obama Signs Law Raising Public Debt Limit to $14.3 Trillion! by The Elephant's Child
February 14, 2010, 6:27 pm
Filed under: Capitalism, Economy, Taxes | Tags: , ,

Friday night news drop — ABC News Senior White House Correspondent Jake Tapper:

Behind closed doors and with no cameras present, President Obama signed into law Friday afternoon the bill raising the public debt limit from $12,394 trillion to $14,294 trillion.

The current national debt is $12.3 trillion.  Check out the National Debt Clock, which tells you your share of that — roughly $40,000 per citizen, $113,000 per taxpayer.

The bill also establishes a statutory Pay-As-You- Go procedure requiring that new non-emergency legislation affecting tax revenue or mandatory spending not increase the Federal deficit — in other words, that any new spending or tax cuts be paid for with new taxes or spending cuts.

President Transparency strikes again.  One of my worst moments recently was when I was listening to the radio while I did other stuff, and the broadcast captured the moment when the Democrats passed the bill raising the public debt limit to $14.3 trillion.

The Democrats all cheered.

The Stimulus Bill’s “Record” Job Creation. by The Elephant's Child
February 14, 2010, 5:07 pm
Filed under: Democrat Corruption, Economy, Election 2008, Energy | Tags: , ,

The “Stimulus Bill” (the American Recovery and Investment Act) allocated around $2 billion to support wind power, thus promoting American energy independence while creating American jobs  of the very best “green” kind.

Last October, the Investigative Reporting Workshop at American University reported that a consortium of U.S. and Chinese companies announced a deal to build a $1.5 billion wind farm in Texas, using imported Chinese turbines.

The project is expected to create some temporary construction jobs in America, but some 2,000 manufacturing  jobs will be created in China.  Of the 1,807 turbines that will be erected on 28 wind farms receiving grants, foreign owned manufacturers built 1,219, according to the workshop report.  The installation of these turbines may have created as many as 6,838 manufacturing jobs overseas.

In its 2009 year-end report, the American Wind Energy Association acknowledged that despite billions in stimulus spending, there had been a net loss in manufacturing jobs.  CEO Denise Bode estimates the manufacturing job loss at 1,500.

Investors Business Daily notes that:

Last March, a cargo of steel towers was unloaded at the port of Vancouver, Wash. They were made in Vietnam for a Danish wind company and destined for a Portuguese wind farm in Indiana that got a stimulus grant.

If we were allowed to drill for our own oil and gas, and bring in the offshore oil that we know to be there, we would be creating thousands of high-paying permanent jobs.

But China isn’t beholden to the environmental lobby for electoral campaign money. They are working hard and successfully to develop their manufacturing sector and searching for the energy supplies to support that sector.

Senator Gregg Reminds the Budget Director that TARP is Not a Piggybank for the President’s Priorities. by The Elephant's Child
February 14, 2010, 12:39 am
Filed under: Democrat Corruption, Economy, Law, Politics | Tags: , , ,

Senator Judd Gregg, (R-NH) has become one of my heroes.  As the ranking member of the Senate Budget Committee, he takes on Budget Director Peter Orzag, and explains the law. This is for all those folks that worry that the Republicans are not fighting back.  They are, of course.  You might let them know that you appreciate their efforts.

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