Seeking Alpha

GaltMachine

GaltMachine
Send Message
View as an RSS Feed
View GaltMachine's Comments BY TICKER:
Latest  |  Highest rated
  • Conservative Positions For A Liberal World [View article]
    ED

    The science of man-made global warming is a fraud.

    Your statistics are a joke as is your critique. Get over it.

    You want to believe in garbage, go ahead.

    Climategate.com

    Where is your list of the 97-98% of scientists in the whole world that say it happening? Show me that link? Show me that survey's methodology? What are their exact names, numbers, and credentials?

    Statistics are the final refuge of the tendentious and the con-men.

    You do not have to be a climate scientist to question the structure of the Theory - Scientific Method when flawed produces flawed results.

    Consensus is not science. I can't be plainer than that.

    Thanks for the debate but it obvious that you have a vested interest in promoting this fraud. I don't.

    Have a nice day.
    Nov 16, 2012. 03:48 PM | 1 Like Like |Link to Comment
  • Fiscal Cliff: How Bad Would It Be? [View article]
    Dana,

    "We've had an election. Get over it.'

    No, I don't think I will. Thanks for asking.

    "Dissent is the highest form of Patriotism" "Blind faith in bad leadership is not patriotism" - Hillary Clinton
    Nov 14, 2012. 07:05 PM | 1 Like Like |Link to Comment
  • Fiscal Cliff: How Bad Would It Be? [View article]
    Dana,

    "The President has only called for the Bush tax cuts to expire. He hasn't called for big tax increases."

    Do you ever actually think about the things that you write prior to writing them?

    The "Expiration" of the Bush tax cuts is a big tax increase on everyone. Its been the law of the land for 10 years.
    Nov 14, 2012. 04:30 PM | Likes Like |Link to Comment
  • Conservative Positions For A Liberal World [View article]
    ED,

    "I invite you to please share with me your superior published data that contradicts the current majority of published research that points to climate change."

    Man, where have you been the last 3 years. Did you not see the Climategate scandal prior to Copenhagen in 2009?

    The systematic suppression of contrary science in those peer reviewed journals you so admire? The huge number of errors in the IPCC report?

    The hockeystick discredited? The science faked? The hiding of the temperature decline? The "where's the warming?" episode?

    I understand why you might not be aware of this data given the bias of the press on the issue but it doesn't take much to find it.

    The links I gave you lay it all out.

    http://bit.ly/u4Nywi
    http://bit.ly/SDD07q

    Along with over 32,000 scientists who think the science is unsettled and that higher C02 levels are beneficial for plants and animal life.

    Here's hoping you are open-minded.
    Nov 14, 2012. 04:23 PM | Likes Like |Link to Comment
  • Conservative Positions For A Liberal World [View article]
    "31,487 American scientists have signed this petition,
    including 9,029 with PhDs"

    PetitionProject.org

    http://bit.ly/SDD07q
    'The purpose of the Petition Project is to demonstrate that the claim of “settled science” and an overwhelming “consensus” in favor of the hypothesis of human-caused global warming and consequent climatological damage is wrong. No such consensus or settled science exists. As indicated by the petition text and signatory list, a very large number of American scientists reject this hypothesis.

    Publicists at the United Nations, Mr. Al Gore, and their supporters frequently claim that only a few “skeptics” remain – skeptics who are still unconvinced about the existence of a catastrophic human-caused global warming emergency.

    It is evident that 31,487 Americans with university degrees in science – including 9,029 PhDs, are not "a few." Moreover, from the clear and strong petition statement that they have signed, it is evident that these 31,487 American scientists are not “skeptics.”

    These scientists are instead convinced that the human-caused global warming hypothesis is without scientific validity and that government action on the basis of this hypothesis would unnecessarily and counterproductively damage both human prosperity and the natural environment of the Earth."
    Nov 14, 2012. 02:12 PM | 1 Like Like |Link to Comment
  • Conservative Positions For A Liberal World [View article]
    ED,

    "Objectivity, for me, rests with the scientists, most of whom are not standing to lose or gain much either way."

    What a naive thought. Scientists who are paid by governments to prove and study the effects of Global Warming will be out of a job if they report back that there is no global warming.

    FYI, there hasn't been any warming in a decade so the models are all wrong.

    Whatever, it is so frustrating to be a skeptic in today's world. Science like everything else has been politicized and corrupted by money and power.

    http://bit.ly/u4Nywi
    Nov 14, 2012. 02:04 PM | 2 Likes Like |Link to Comment
  • Is Motor Trend's naming of the Model S as the 2013 Car of the Year the watershed moment for electric vehicles? The editors at the magazine say the model beat back rivals in a variety of categories including a direct comparison of the power of the car's electric powertrain against internal combustion engine peers. Scoring high on safety, design, and driveability - the most telling characteristic was the car exceeded the equivalent gas mileage ratings on test runs and made a Vegas-to-LA trip on a single charge. Is TSLA a buy or does the 31M short interest position in the stock say more than gushing reviews? [View news story]
    I wonder how much they paid for that endorsement.
    Nov 13, 2012. 03:22 PM | Likes Like |Link to Comment
  • Microsoft (MSFT) -3.8% premarket after the departure of Windows chief and putative heir apparent Steven Sinofsky. As to the reason for his exit, the spin room is open. One source tells Owen Thomas, Sinofsky threatened to quit if not given the CEO nod, and Ballmer called his bluff. Maybe not helping are tepid sales of Surface, which reportedly may only reach 60% of company forecasts by year end. [View news story]
    Tack,

    The sad thing about this scenario with MS is that they were actually ahead of their time with the touchscreen based phone technology in the early 2000's.

    I used one of their PocketPC/Windows CE phones in 2002. At the time it was quite revolutionary but had one major, major drawback. The touchscreen only worked alongside the pen. It wasn't standalone so it was generally annoying to use when you wanted to switch screens or make phone calls. The second big problem was it was boring to use - no apps, no camera, no music, no fun. Like the original Newton it may have been too far ahead of its time to recover from the brand damage.

    In hindsight, this was a huge missed opportunity for them and I suspect Jobs saw it and ran with it. They gave up on it prematurely probably because they feared a cannibalization of their revenue stream. Like most companies with monopoly revenue streams they fear change that threatens that revenue stream.
    Nov 13, 2012. 01:43 PM | Likes Like |Link to Comment
  • Conservative Positions For A Liberal World [View article]
    rudester,

    No thank you!
    Nov 13, 2012. 11:59 AM | 5 Likes Like |Link to Comment
  • Conservative Positions For A Liberal World [View article]
    I am amazed by how many angry liberals there are on these blogs considering they won the election and kicked our collective conservative butts. We having been crushed have the right to express our anger and misery, it's part of the cathartic process of getting over grief :)

    What's the liberal's excuse for being so petty and miserable?

    Maybe there is something about being a liberal that just makes you angry all the time ;)
    Nov 13, 2012. 09:43 AM | 18 Likes Like |Link to Comment
  • Effects Of Obamacare On Employment [View article]
    Green,

    "I find it hard to believe"

    Your problem is you refuse to acknowledge information which conflicts with your viewpoint. You start with a conclusion and find proof to support it. Why not try something new and read things that you don't agree with as I do?

    That is why I provided the link. The CBO (which is the govt) also forecasts that companies will drop coverage. There are many sources that forecast this event that are non-partisan, non-political experts who are studying the issue.

    Belief has nothing to do with this. Companies will find it cheaper to pay the penalty and tell their employees to sign up with the exchanges. Employees can leave their employers if they want so employers do it at their own risk.

    My premiums are up over 40% since Obamacare was passed in 2009 and it will only get worse so if the goal was to control health care costs this was a miserable failure.

    Apparently some employers don't think it is that risky a decision to drop coverage. No point in arguing this hypothetically anymore since it is the law of the land and we will see the consequences of its implementation very soon.
    Nov 12, 2012. 03:52 PM | 2 Likes Like |Link to Comment
  • Fiscal Cliff: How Bad Would It Be? [View article]
    Dana,

    The problem with your thinking is your language "repay the tax cuts", what are you talking about?

    The revenues government generates come from the productive work of the people which is taken away from them in the form of taxes.

    Your logic twists around the equation.

    Governments do not generate "revenues" they tax individuals and businesses. Allowing people to keep more of their own earnings is not immoral or evil but apparently according to your thinking it is.

    Why not just tax everyone 100% of their incomes and let government decide how to spend it?
    Nov 12, 2012. 03:46 PM | 4 Likes Like |Link to Comment
  • Effects Of Obamacare On Employment [View article]
    Green,

    "For companies that already provide have employer based health plans the change will be imperceptible."

    According to research from Deloitte, Mercer, the CBO and others, the percentage of employers who will drop coverage for their employees and pay the penalty ranges from 10-30% of all companies over 50 employees.

    McKinsey has the most pessimistic forecast at 30%:

    http://bit.ly/ZwgoHl

    If you like your healthcare there is a 1/3 chance you won't be able to keep it.

    However since this is a done deal it doesn't matter what the forecasts say or what your opinion is about the issue because the evidence will reveal itself fully in the years ahead.
    Nov 12, 2012. 01:53 PM | 1 Like Like |Link to Comment
  • Fiscal Cliff: How Bad Would It Be? [View article]
    Captain,

    Here is a link to a chart based upon WSJ data that is very useful to visualizing the cliff.

    http://bit.ly/UyoDnl

    The Obamacare taxes of $24 billion next year are a certainty as of Jan 1 and would translate to a negative $70 billion GDP drag if you accept the tax multiplier premise. The size of rest of the cliff (hump?) is unknown which is why these are dangerous times.
    Nov 12, 2012. 01:40 PM | 2 Likes Like |Link to Comment
  • Weighing The Week Ahead: Will The U.S. Dive Over The Cliff? [View article]
    Jeff,

    What is your opinion of Christina Romer's research on tax policy?

    http://bit.ly/TVN7mJ
    "Tax changes have very large effects: an exogenous tax increase of 1 percent of GDP lowers real GDP by roughly 2 to 3 percent."

    How do changes in the level of taxation affect the level of economic activity? The simple correlation between taxation and economic activity shows that, on average, when economic activity rises more rapidly, tax revenues also are rising more rapidly. But this correlation almost surely does not reflect a positive effect of tax increases on output. Rather, under our tax system, any positive shock to output raises tax revenues by increasing income.

    In The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks (NBER Working Paper No. 13264), authors Christina Romer and David Romer observe that this difficulty is just one manifestation of a more general problem. Changes in taxes occur for many reasons. And, because the factors that give rise to tax changes often are correlated with other developments in the economy, disentangling the effects of the tax changes from the effects of these underlying factors is inherently difficult."

    I found this great chart breaking down the fiscal cliff:

    http://bit.ly/UyoDnl

    The only "guaranteed" tax increase is the Obamacare tax starting on Jan 1 and estimated to raise $24 billion which means a negative GDP drag of around $70 billion according to Romer.

    The payroll tax is the most obvious candidate to have lapse especially since people do not appreciate the fact that their future benefits have been reduced because they have not been paying into the system. At $127 billion/yr that would be over $350 billion in reduced GDP which obviously would be noticeable.

    Obviously tacking on any other taxes would be very bad assuming you accept the research.

    So the question really is which tax increases beyond Obamacare are going to happen?

    Some taxes will be going up and GDP will be reduced if you accept the premise so from my standpoint there is no irrationality in assuming that something bad is going to happen. The question is what has the market "priced in" for next year?

    I don't know the answer.

    Great article. Thanks.
    Nov 12, 2012. 12:12 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
1,490 Comments
2,724 Likes