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About Jerry Bowyer

Columnist National Review Online and TechCentralStation.com, Author of The Bush Boom, Founder of Verity Forecasting, Chief Economist for Benchmark Financial Network.

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Jerry Bowyer

Author, Entrepreneur, Financial Writer, Talk Show Host, Speaker

  • Sunday, August 31, 2008
    How Palin Will Help McCain

    It’s a big day for John McCain. It’s a big day for Sarah Palin. And it’s a big day for CNBC and Larry Kudlow of CNBC’s Kudlow & Company. The vast majority of mainstream media hovered like flies around Tim Romnlenty (or is it Mitt Pawmney?). This is about the biggest case of received-wisdom-wrong-again in my memory. A small number of big-time media outlets were talking about Palin, and probably none of them was further out ahead on this one than Kudlow. Guys, take a victory lap. I may take one myself.

    Now, what does it mean. It means that drill, drill, drill gets stronger. Sarah knows this stuff inside and out. She can back McCain in the defense of drilling, transporting and refining oil. She puts ANWR back on the map. Who knows it better than the governor of Alaska?

    The delegates may have been unified last night, but the party isn’t. Women feel dissed, and why shouldn’t they? They went majority for Hillary. She lost largely because the party threw out the Michigan and Florida votes (until Obama was a foregone conclusion).

    Forget this nonsense about how women are natural parts of the democratic party because it supports ‘equal pay’ for ‘comparable’ work. Women have become the emerging center of American entrepreneurship. They start business at twice the rate of men. I should know, I’m married to a brilliant lady entrepreneur (for whom I work). They know about capital gains taxes, and s-corporations. They sweat the details of payroll withholding taxes. They won’t be easy to fool into believing that a hike in the top tax bracket won’t really be a tax hike on entrepreneurs. (For more economic discussion, see video).

    Also forget the nonsense about women and abortion. Women are by and large a more pro-life demographic than men. In fact the most pro-choice group is young, single men (gee, I wonder why?). Who better to make this case than Sarah Palin who just brought Trig into the world this past April, her beautiful little Down’s Syndrome boy.

    Add the Palin choice to the fact that the drilling moratorium ends roughly a month before the election, and you get an election that will largely be about, drill, drill, drill. Sounds pretty good to me.

    This article originally appeared on CNBC.com.

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  • Sunday, August 31, 2008
    Jerry Bowyer on Kudlow & Company
    Jerry Bowyer appeared on CNBC’s Kudlow & Company on Thursuday, August 28th. The show aired at 7:00 PM EST.
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  • Sunday, August 31, 2008
    Jerry Bowyer on Kudlow & Company
    Jerry Bowyer appeared on CNBC’s Kudlow & Company on Wednesday, August 27th. The show aired at 7:00 PM EST.
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  • Sunday, August 31, 2008
    Obama's Pick and Democratic Friction

    So, Obama went for the ‘safe’ pick – Joe Biden.

    Intrade was right again—they caught the Biden surge.

    Intrade gives Obama a very small bounce from this, about 3 percent. Welcome news for Obama after a tough couple of weeks.

    TV will be filled with video of Biden’s attacks on Obama during the primary. Even though they favor Obama, they can’t resist the lure of video which is in recent archives and easy to get to. McCain should make an ad entirely out of Biden quotes, and get it out fast.

    I’m not sure that a pro-abortion Catholic really helps in God-and-guns, small-town America. The press will play up Biden as a Pennsylvanian because he was born in Scranton and because Delaware is next to us. This is a reach. Delaware knows that it’s next to Pennsylvania, but Pennsylvania doesn’t know that it’s next to Delaware.

    All the more important, then, that McCain doesn’t go with Ridge. I like Ridge, quite a lot. If McCain wins, Tom will make a fine Attorney General.

    Romney’s gotten a pretty big bump in the future’s market. Either rumors are saying Romney, or Romney is seen as a counterbalance to Biden. I think it’s the latter.

    The way to balance a middle-aged man is a young woman, Sarah Palin.

    The deep race/gender division in the Democratic party which has been brewing for 40 years, but bubbled over this year, is worsened by this pick. Hillary supporters (of whom Obama only had half) will feel the insult. They should. Hillary was the natural choice to unite the party.

    This is bad news for Obama-cons who hope that Barack will turn out deep down to be a growth guy. Biden has a 0% rating from Club for Growth.

    All in all, what we learned about Barack is that when he has a lead, he plays it safe, not bold. That he won’t choose a genuine rival (like Clinton) for Veep because he’s no Abraham Lincoln. That centrism for which he is often extolled, seems to be illusory. That women are still in the back of bus.

    This article originally appeared on CNBC.com on Saturday, August 23rd.
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  • Whenever we're in Washington, my wife and I try to visit the Theodore Roosevelt Memorial on Roosevelt Island. Everyone else goes to the Lincoln or the Jefferson or the Washington, and they are all wonderful. But the TR is different. There are almost never any crowds. That's because it is hidden in the middle of the woods at the heart of the island. In fact, Susan and I discovered it quite by accident a few years ago as we were hiking through the woods.

    You walk along a system of trails through thick forest, and then all of a sudden everything opens up in front of you and you find yourself in a clearing. Teddy is standing in the middle of it, in bronze, and he is ringed by massive stone panels, into which are chiseled some of his statements about manhood, the state and development. The site is peaceful, almost holy, and beautiful - usually.

    But not last time we visited, at least not after EarthFirst arrived.

    My wife is kind of an amateur naturalist (she and the kids are gradually working on a survey of the flora and fauna of Wilson's Run, the valley adjoining our property), and they were enthusiastically identifying trees and wild flowers. That's when the clamor started. Loud noises began to drift up from the south trail and echo around the pavilion.

    Suddenly a hundred or more young men and women were stomping their way into the memorial, all wearing green shirts, on which were printed the words "EarthFirst". They were chatting, flirting, and texting away. No one was looking at the trees. No one was reading the quotes on the obelisks. There were TV cameras, and they were getting tape on all of this. I leaned over to Susan "That's for the funders", I told her. "They'll want to show the video to their board."

    We knew the TR Memorial would not be a memorial for the next hour or so, but a stage, on which young people (bored by the specific flora and fauna around them) would congratulate themselves, before the cameras, for their love of 'the earth'. So we left, sadly, the sound of speeches, zeal and sanctimony trailed us into the woods for a hundred yards or so, until it was swallowed by the forest.

    I wished that they had actually stopped for a moment to read the memorial, especially the part where TR admonishes us that, "Conservation means development as much as it does protection." That's probably the thing that mob needed most (even more than "Order without liberty and liberty without order are equally destructive.") Maybe if they came to understand that Teddy was not an early version of themselves; that the founders of their movement fought him, they might have a moment of self-doubt about whether the earth really should be put first. Teddy certainly didn't think so. He thought people came first.

    Teddy was a conservationist, not a preservationist. Not surprisingly, this meant that he wanted to conserve natural resources, not preserve them. To conserve is to save in order to use later. Cash reserves are money set aside for the future. Fuel reserves are there in case you need them later. Preserves are not supposed to change. Like a museum or an archeological site, they are to be frozen in time.

    TR and his Director of Forestry Services, Gifford Pinchot created a system of 'wildlife Reserves'. They argued that it would not be fair for one generation to do all the logging and all the digging and to leave nothing behind for future generations. They didn't think of these reserves as something pristine, which would be rendered somehow ceremonially unclean by the signs of human development. They just wanted to share natural resources and beauty with future generations, like ours. In fact the shift in language from 'resources' to 'the environment' signals the shift in world-view from conservation to preservation. A resource, by its very nature, is to be used, sparingly, perhaps, but nonetheless, used.

    This is why the Roosevelt-Pinchot philosophy is known to historians as the 'wise-use' movement. It's why the administration's forestry handbook contained explicit instructions for how to extract lumber and minerals from the protected lands. That's why the memorial lauds 'development', which contemporary environmentalists forbid in places like ANWR.

    The preservationists of the time, like Sierra Club founder, John Muir, fought against them. While Roosevelt/Pinchot sought to make nature useful to humanity, by opening it to efficient use, and protecting it from destruction, Muir claimed that nature was to be useful to nature itself, not to man. For Roosevelt earth is for us, for people. For Muir man and land were equals. It wasn't the conservationist Roosevelt who put ANWR's oil out of our reach, but the environmentalist Carter.

    In other words, the activist/extras who stomped their way across the memorial that day, did it under a slogan (EarthFirst) against which Teddy most heartily disapproved.

    This article originally appeared on TCSDaily.com

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