Not economist, just wrong

posted at 9:40 am on November 28, 2009 by King Banaian

Al Gore, apparently not content with the job of cleaning the Climategate mess, is now opining on GDP accounting.

Surely a broader accounting of economic activity will enhance economic policy and decision-making. We commend the work of Professor Joseph Stiglitz and the Commission on the Measurement of Economic Performance and Social Progress for recognising that while facts and figures are important – indeed critical to thoughtful decision-making – we have placed too great an emphasis on outdated modes of distilling economic value. The longer we defer the proper accounting for externalities such as global warming pollution, the greater the strain we place on our already fragile economies.

This concept of green GDP has been around for a long time. Minnesota had some group write a report on how to restate the state’s economic growth with environmental factors. But it isn’t just environmental — if it was, you could have a reasonable discussion of a “net-of-resources domestic product” that would include some depletion charge for nonrenewables that would have a basis in real national accounting. But once you start this process you get a “genuine progress index” where “genuine” is determined by some elitists who decide whose income matters, which goods matter more, etc. Once one starts down the road you often don’t like the result. The Chinese government tried green GDP in 2004, but killed the idea a few years later when the “deductions” decided to count against measurable growth of goods and services gave an answer decidedly against the political judgment.

GDP is a score, not a judgment. And it should be that way, so that we don’t have to worry about whether we get the east German judge.

(P.S. the title of this post refers to the new film, Not Evil Just Wrong, which we need to show somewhere in St. Cloud soon.)

h/t: SCSU emeritus Professor Pat Mattson.

This post was promoted from GreenRoom to HotAir.com.
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Its time for someone else to stand up in congress and yell ” They Lied “

bluegrass on November 28, 2009 at 9:42 AM

Bombarding the Senators this weekend with that message, again. “You lie, and continue to lie.”

BetseyRoss on November 28, 2009 at 9:50 AM

As long as Obama is POTUS nothing will become of ACORN suffering in any way. They are the group that intimidated voters ( known fact ) commited fraud in the voter registration ( known fact ) rigged to get al Frankenstein in office ( known fact ), aided and abetted in the housing bubble. They are a temporary scape goat for the goat herder and they will rise again. They are the backbone and the showcase of this boy king and nothing will happen…………

bluegrass on November 28, 2009 at 9:50 AM

Boy, he sure speaks in good old plain english anyone can understand.

faol on November 28, 2009 at 9:54 AM

Mr. Gore needs to stop running his mouth on matters beyond his limited sphere of knowledge and listen to the sound of the thin ice of AGW breaking up beneath him. Perhaps he’ll feel true kinship with his beloved and “endangered” polar bears once he’s at sea and hunting feverishly for another ice floe from which he can begin pitching his revised and / or latest economic con jobs.

ya2daup on November 28, 2009 at 9:54 AM

Enron didn’t like accepted accounting principles. Enron started the carbon trading scheme disaster.
Algore is a danger to the planet.

seven on November 28, 2009 at 9:55 AM

All of the news this am is the Party Crashed at White House and Tiger Woods Car accident. I like Tiger Woods but why all the press? Let me tell you why! Its a cover for the boy kings weak and corrupt ways and inability to get anything done. Every time there is blame to pass around no one wants to give these sleezy bastards credit. Just learn to accept high unemployment, no work, a muslim take-over of our streets and way of life and world-class traveling Bozo the Clown Nobel Winner.

bluegrass on November 28, 2009 at 9:57 AM

Grasping at straws and trying to turn a negative into a positive will not dig him out of this. Yes, Yes, we now know that they are Master Book Cookers and number jugglers but I really dont think we want to turn over the accounting for our GDP to them. Yes I know we are in (and I refuse to call it a reccession anymore)a Depression and they can make our numbers look better, but no. Take your enviro side show and peddle your wheat grass and peanut oil elixer elsewhere!

Koa on November 28, 2009 at 9:59 AM

What needs investigation and prosecution are these so-called “carbon credit” schemes that are run by people like Algore. He has gotten very rich off a scheme that would make Bernie Madoff look like a piker.

wildcat84 on November 28, 2009 at 10:00 AM

It is Evil AND wrong.

solidaction on November 28, 2009 at 10:00 AM

bluegrass on November 28, 2009 at 9:50 AM

Exactly. The current crop of criminals that make up this administration are a new breed. As long as they feel they have the power, they will simply ignore any attempt to hold them accountable.
They are like the huge bear that has gotten into your garden..it doesn’t matter how much noise you make or what you throw at them, they will just go about their slow motion destruction, knowing you don’t have the power to challenge them. It’ll take birdshot in the face to get their attention.
Can we get Cheney to run?

Itchee Dryback on November 28, 2009 at 10:01 AM

Even as the Global warming Balogna goes down in flames the Al Bore and like minded wealth redistributors try desperately to find new ways to fleece the people who make this country great, and redefine the economic condition so as to hide the fact that their policies and their Presidente is an EPIC FAILURE!

Throw the bums out or lynch em if necessary! Hang em high and let God sort em out!
I fear the day is approaching when the cleasning will necessitate a more dramatic solution than the ballot box and Tea Bags, will We The People have the will to say YOU LIE and we’re not gonna take it anymore?
Be prepared!

dhunter on November 28, 2009 at 10:02 AM

A gratuitous suggestion for Mr. Gore: you appear to be a world-reknowned expert on hot air; have you considered shilling for the airship industry?

ya2daup on November 28, 2009 at 10:02 AM

All of the news this am is the Party Crashed at White House and Tiger Woods Car accident. I like Tiger Woods but why all the press? Let me tell you why! Its a cover for the boy kings weak and corrupt ways and inability to get anything done. Every time there is blame to pass around no one wants to give these sleezy bastards credit. Just learn to accept high unemployment, no work, a muslim take-over of our streets and way of life and world-class traveling Bozo the Clown Nobel Winner.

bluegrass on November 28, 2009 at 9:57 AM

The muslims will never be able to take over our streets. Well, except in already dead and gone places like Detroit and our other decrepit, obsolete urban centers. Anywhere else jihad will be stopped by lead.

We haven’t been disarmed, and we must not allow ourselves to be. That, to me, is the line of demarcation. The day they decide they can seize private firearms owned by law abiding citizens without repealing the 2nd Amendment is the day we MUST shoot “fed”. I hope it never comes to that, but if the government decides to impose absolute tyranny it’s either fight it or surrender and live under it.

wildcat84 on November 28, 2009 at 10:04 AM

Surely a broader accounting of economic activity will enhance economic policy and decision-making. We commend the work of Professor Joseph Stiglitz and the Commission on the Measurement of Economic Performance and Social Progress

Do these guys know how creepy they sound? May be they just don’t care, but people are starting to figure out what “Social Progress” and “Social Justice” mean. The Democrats should keep a close eye on their focus groups and polling on this kind of Orwellian language.

forest on November 28, 2009 at 10:04 AM

The man is standing on the deck of the Titantic trying to tell everybody to remain calm and return to their rooms.

NeoKong on November 28, 2009 at 10:06 AM

So now we will all get participation ribbons. They can keep mine and act like they are smuggling it into prison and shove it up their global warming Assumptions.

uber on November 28, 2009 at 10:08 AM

These slugs have no shame.

bloggless on November 28, 2009 at 10:09 AM

Hey Al,
you frickin crapweasal, give up your stuff first! Give up your mansions and your jets, and your limos and swimming pools. Show us how to be responsible citizens of the universe Al you flaming hippocritic thief!
Come on Republicans find your manhood and call these crapweasals out or be gone, with them!
The lady from the north cares not a wit which party name the scoundrels and lyin scumbags hide behind. Sarah took down thieves from both parties before and will do so again if We The People stand up and say NO MORE, YA LYIN SCUM!

dhunter on November 28, 2009 at 10:09 AM

Do these guys know how creepy they sound? May be they just don’t care, but people are starting to figure out what “Social Progress” and “Social Justice” mean. The Democrats should keep a close eye on their focus groups and polling on this kind of Orwellian language.

forest on November 28, 2009 at 10:04 AM

The 97% Obama approvers,(up 1%) know what it means, it means Obama cash from Obama stash

dhunter on November 28, 2009 at 10:12 AM

Given the fraud, I’m fairly certain they are just evil and not wrong.

jhffmn on November 28, 2009 at 10:14 AM

Another thing no one talks about is perseverance and hard work.. Our value system is shot to hell with this take from the rich and give to the poor mentality. Our welfare rolls are getting larger than they were in the early nineties when they split this country into. Obama’s audacity of hope is the biggest f**king joke of the century. Bigger than Al Gores fraud and the thinking of western Europe. Its time for a little tough love for this country and its peoples. Will it be hard……yes. But if you want it you will work for it or do without. Its damn time that everyone learns that nothing is free in this world.

bluegrass on November 28, 2009 at 10:15 AM

Translation: “I have my money so I’m more than willing to keep you from getting yours.”

I wonder if Gore would put his money where his big fat mouth is, would he give up 99.9% of his fortune if the U.S. were to pass Crap and Trade?

Bishop on November 28, 2009 at 10:23 AM

Why isn’t this guy in jail already? Global Warming IS A MANMADE HOAX. I have rights on that bumper sticker.

dogsoldier on November 28, 2009 at 10:23 AM

GDP is a score, not a judgment.

And one often politically tampered with to produce the “right” results.

Revenant on November 28, 2009 at 10:23 AM

The only person not tired of hearing algore talk is algore.Personally I would like to see him inflated with methane and released into the atmosphere!

tim c on November 28, 2009 at 10:24 AM

I think the folks understand that there are the ” HAVES ”
and the ” HAVE NOTS ”

I also think the Haves are not going to give what they have worked for to the folks who have never worked for anything and support hem and their mentality for the rest of time.

That not a Harvard concensus but one from someone who has worked all their life, never took anything from the government and forced to watch it all go away. What am I and those like me to do???????

bluegrass on November 28, 2009 at 10:25 AM

Back off folks – we need to pay attention to Carbon Al. We should hire Gore to handle the money. Anyone who can take a lie worth about two cent and convert it into 100 million plus ought to be sitting in the White House.

Don L on November 28, 2009 at 10:29 AM

Don L on November 28, 2009 at 10:29 AM

You think so do you?

bluegrass on November 28, 2009 at 10:31 AM

Perhaps your right.

Hell Obama, the nothing accomplished president, wrote a book of Jerimiahs Wrights sermons and made his first real money from the kool aid drinkers and sits there now. Let me re-phrase… he jumping in the White House gym playing basketball, just exactly what our country has always needed.

bluegrass on November 28, 2009 at 10:34 AM

GIVE THAT MAN THE NOBEL PIECE(of crap) PRIZE FOR ECONOMICS BABY!
He’s a GENIUS!

JeffinOrlando on November 28, 2009 at 10:37 AM

Why should anyone listen to Al Gore?

He doesn’t practice what he preaches.

scotash on November 28, 2009 at 10:56 AM


Why should anyone listen to Al Gore?

He doesn’t practice what he preaches.

scotash on November 28, 2009 at 10:56 AM

Yeah, but remember, Al Gore flunked out of seminary, so he really doesn’t know how to “preach.” What I don’t understand is how such an obvious dumbass as he is, can get such a large following.

Webrider on November 28, 2009 at 10:58 AM

The people of the world spent millions on this fake research. I’m sure some of those countries couldn’t afford to throw money into a scam. The hoax has been exposed and our dear leader still wants to press forward with it. We’ve got to take our country back in 2010 and beyond. There’s nowhere else to go.

Kissmygrits on November 28, 2009 at 11:00 AM

GDP is a score, not a judgment.

Likewise the earth’s temperature is a score not a judgment. It’s 11/09 and we here at HA know that all this AWG stuff is crap. The question is how long it will take the folks at HuffPo to figure it out?

Mojave Mark on November 28, 2009 at 11:01 AM

Enron didn’t like accepted accounting principles. Enron started the carbon trading scheme disaster.
.
seven on November 28, 2009 at 9:55 AM

.
Sorta off topic, but anytime I see the poster queen for Progressive angst over corporate malfeasance (Enron), I think in terms of comparitive economic damage.
.
Enron cost shareholders and employees a few tens of Billions of dollars. While not trivial in the least and I’m sure very painful for those who lost their life savings, the Obambi have “lost” or “misplaced” that much in Stimulus funds alone!
.
Enron is chump change compared to the screwing we are getting from Washington.

Metanis on November 28, 2009 at 11:03 AM

The Greenies are well aware that their economic numbers suck. So just like the gamers in the GW emails, they plan on ‘tweaking’ the numbers to get the desired results.

Hell, who needs “scientists” or “economists”. Just state the result you want, then massage the numbers to justify your position. The Air Resources Board in Kalifornia has already done this. When peer reviewed, the conclusion was that the assumptions and numbers in “the study” were rigged at the outset. That didn’t stop ARB. They’d already made their minds up. Next they’ll want to commission a study as to why manufacturing firms are fleeing the state.

GarandFan on November 28, 2009 at 11:17 AM

You have to start putting people in jail for anything to get done.
There is extortion and fraud going on using taxpayer money in this green nonsense. And get rid of congressional committees.
They will not convict themselves.

lilium on November 28, 2009 at 11:32 AM

Algore hoax: Not merely wrong, but also evil.

petefrt on November 28, 2009 at 12:16 PM

Great idea Al, now can we get all the email correspondence between Professor Joseph Stiglitz and the Commission on the Measurement of Economic Performance and Social Progress and you, your AGW cronies and the NY Times?

Evrviglnt on November 28, 2009 at 1:22 PM

Al Gore just can’t fade away ………….. like an ordinary bozo.

SC.Charlie on November 28, 2009 at 1:30 PM

The question is how long it will take the folks at HuffPo to figure it out?

Mojave Mark on November 28, 2009 at 11:01 AM

They can’t figure themselves out of a position they didn’t figure themselves into.

Merovign on November 28, 2009 at 2:01 PM

Not Evil Just Wrong,

Sorry the title is incorrect. If the results of environmentalism is death and suffering, which it is, then it is evil.

chemman on November 28, 2009 at 2:56 PM

The lady from the north cares not a wit which party name the scoundrels and lyin scumbags hide behind. Sarah took down thieves from both parties before and will do so again if We The People stand up and say NO MORE, YA LYIN SCUM!

dhunter on November 28, 2009 at 10:09 AM

AMEN

IowaWoman on November 28, 2009 at 3:10 PM

“Mr. Gore needs to stop running his mouth on matters beyond his limited sphere of knowledge and listen to the sound of the thin ice of AGW breaking up beneath him.?

..that would be pretty much an across-the-board STFU for that polar-bear-humping, lying sack of dog crap then, wouldn’t it?

VoyskaPVO on November 28, 2009 at 6:36 PM

Shorter Al Gore:

“If you call “up” “down” and “down” “up”, then everything doesn’t look quite so upside down.”

Even shorter:

“If you change the rules, I win.”

Noel on November 28, 2009 at 8:05 PM

You distill whiskey not economic facts.

Green GDP concept is as “qualitative” as any elitist notion. Sophistry at its highest.

All you peasants are consuming too much oil, the derricks are going to screw up my ocean front property….

lpierson on November 28, 2009 at 11:17 PM

Al Gore’s second career is going down in flames and increasing his carbon footprint.

He needs a new job – that super energy sucking green house in TN needs more money to keep it running.

So Al’s trying to break into a new field as an expert.

Won’t someone please just offer him a job. He could clean up TN parks by being the Doggie Doodie Officer. Just a thought. Any other job offers?

gobblemom on November 28, 2009 at 11:41 PM

Data that does not fit the agenda must be “adjusted”.

crosspatch on November 29, 2009 at 7:14 PM