Rick Santelli Nails Mortgage Bailout

Here is a video of Rick Santelli on CNBC.  He gets vocal about Obama’s proposed $275 Billion (to be funded by more debt of course) mortgage bailout plan.  Rick gets a ton of support from those on the trading floor in Chicago.  He shouts out at one point “President Obama, are you listening?” It seems apparent that the backlash on Obama’s policies is growing.

6 comments, join the conversation

Posted under Economy

Written by admin on February 19, 2009

Tags: , ,

Sensor Issues Causing Underestimation of Sea Ice

Photo by Timothy K Hamilton

The National Snow and Ice Data Center is one of the key organizations in tracking sea ice coverage.  Yes, this is the same organization that thought an ice-free polar region was possible by September of 2008.  It appears that they have had sensor issues that have caused them to incorrectly report some sea areas ice-free when they were actually ice-covered.  They have reported that they have under-reported ice coverage by 500,000 square kilometers.  NSIDC has removed their invalid data and are searching for other data sets to find accurate information.

Sea ice is currently tracking higher than the previous 4 years.

3 comments, join the conversation

Posted under Climate

Written by admin on February 19, 2009

Tags:

12 Year Old Speaking on Abortion

Came across this video.  Very eloquent young lady!

11 comments, join the conversation

Posted under Misc

Written by admin on February 18, 2009

Tags: ,

Biofuels Actually Increase CO2

Let me preface this by saying that I don’t buy into AGW theory, but I know some of my readers do and may find this interesting…

AFP has an article stating that biofuels are actually increasing the rate of CO2 emissions.  According to the article, a good portion of the land used to grow crops used for biofuels are newly cut rainforests or disturbed forests.  The stored CO2 that is released by the cutting of these forests will take 40 to 120 years to break even in a high-yield crop (such as sugar).  Worse yet, a low-yield crop (such as corn or soybeans) will require 300 to 1500 years to break even.

Throw in that biofuels raise food prices as well as the negative energy return of using them, and you have to question using crop-based biofuels if your movitvation is to reduce CO2.

One comment, what do you think?

Posted under Climate

Written by admin on February 18, 2009

Tags:

Obama Spoof Video

Hats off to “The Deep Insight“, where I came across this spoof video.

No comments, add your thoughts here

Posted under Misc

Written by admin on February 17, 2009

Tags: , ,