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OpenMarket: Michael Fumento

  • Constipated Colombia Pact

    April 8, 2011
    Pres. Obama has made expanding U.S. exports a centerpiece of his economic plan. In his January State of the Union Address, he noted that "95% of the world's customers and fastest-growing markets are beyond our borders" and that export-related jobs "pay 15% more than average." At a time when jobs are in short supply, he later said, "building exports is an imperative."

    So naturally, he's done everything possible to ease passage of the Colombia Free Trade Pact, which the Bush Administration negotiated and the then-Democrat controlled Congress battled up. Right? Wrong.

    As I write in Investor's Business Daily, the Pact is lopsided towards the U.S. in that Colombia's exports to us are already tariff-free,...
  • 3 Numbers: Why a U.S. Economic Meltdown is Inevitable

    April 5, 2011

    • Amount Democrats argue should be cut from current budget to raise debt ceiling: $33 billion.

    • Amount Republicans argue should be cut: $61 billion.

    • Monthly increase in publicly held U.S. debt during past year (March to March): $139 billion.

    We are a spendaholic nation of people who feel entitled; we will not change. Time to reread The Grapes of Wrath -- or read it for the first time.
  • Rationality and the Taping of Moving Boxes

    March 9, 2011
    I have long been fascinated by both aberrational and irrational human behavior, at least since I documented a mass outbreak of hysteria regarding the so-called “heterosexual AIDS explosion” that wasn’t GOING to take place but allegedly already had.

    More recently, I documented that the whole Toyota flap was mass sociogenic hysteria in the same category of the missing children and Satanic abuse in the day care centers hysteria. This notwithstanding that I’ve been unable to find a single publication that’s willing to print what I show is clearly obvious. Editors don't think anybody is interested that this is America's greatest mass hysteria in many years, and that such mass hysterias usually cause tremendous and lasting damage. And maybe they're right.

    Mind, “irrational” and “aberrational” are by no means synonymous. Often enough, irrationality rules the day and it’s rationality that is...
  • The American Subsidy is Coming to an End

    January 28, 2011

    Two items on the front page of yesterday's Washington Post: "Record U.S. Deficit Projected this Year" and "Two lawmakers from Michigan propose billions in incentives for buyers of electric cars." What's wrong with this picture? That's the problem. We don't see anything wrong with this picture. We want it all. But we can't have it all.

    Some people think electric cars are nice, because the pollution they generate is off-site. But as Charles Lane, a liberal, writes: "If the cars were cheaper than gas-power cars of equal performance," that would be one thing. "But electrics are substantially more expensive than cars of greater quality." So we have to heavily subsidize them to get them...

  • Autism Doctor a Fraud, But Hardly Alone

    January 10, 2011
    "A deliberate fraud." That's what the British Medical Journal, one of the world's most prestigious periodicals, has written of the study that kicked off the current anti-vaccine movement. It's "clear evidence of falsification of data should now close the door on this damaging vaccine scare," it said in a heavily documented editorial.

    The lead author of that anti-vaccine study, which also appeared in one most respected medical journals, The Lancet, was British physician Andrew Wakefield. And its consequences, as I write in AOL News...
  • It's World AIDS Day; Is it the "Forgotten Epidemic"?

    December 1, 2010
    World AIDS Day has rolled around again, amid charges by C. Everett Koop that "HIV is no longer on the public's radar screen, and the result is deadly serious." So the 94-year-old former Surgeon General told the 2010 National Summit on HIV Diagnosis, Prevention and Access to Care in late November. The disease is becoming "the forgotten epidemic," he claimed, causing a dangerous "growing sense of...
  • Now! In Black and White, the Toyota Hysteria Exemplified!

    November 18, 2010
    It's not "live!" It's not even "In color!" And there's no sound. But it's quite stunning.

    A surveillance video  posted by Fox Chicago News Online shows a 2006 Toyota Corolla backing out of a parking space and striking a car. The Corolla then shoots forward and slams into another vehicle, knocking it aside. Next the car swerves, presumably in an effort to avoid a strip mall, and crashes into a brick wall. The driver, Leon Przybylowski, died of his injuries later that day.

    As I write in my new piece, "In Black and White, the Toyota Hysteria Exemplified," the family is now suing Toyota. They insist the video supports their claim that Przybylowski, as the newscaster...
  • Butcher's Bill for Texting While Driving

    October 29, 2010
    In my LA Times piece "Texters, You'd Be Better off Driving Drunk," Oct. 3, I stated "There are no reliable studies regarding deaths associated with driving and texting." Well, there is now.

    Texting behind the wheel accounted for 16,141 deaths between 2002 and 2007, according to Researchers from the University of North Texas Health Science Center in Ft. Worth. One way of putting that in context is that in the last 10 years NHTSA has attributed five (5) deaths to...
  • Supreme Court Case May Wipe Out Vaccine Industry

    October 27, 2010
    Back when Congress knew how to pass good legislation, in this case in the mid-1980s, it took most cases involving vaccine liability out of the normal court system and put them in a special vaccine court where science and medicine would rule instead of the whims of scientifically and medically ignorant juries.

    That's because vaccine companies were going the way of the woolly mammoth, in part because it's just not a very profitable business and in great part because they were awash in over $3.5 billion of lawsuits claiming little more than the post hoc fallacy of "Before the person was vaccinated her or she was fine and since the vaccination he or she became sick." Seriously.

    Even as it dramatically cut spurious claims, it helped persons who really had suffered from adverse reactions both by cutting litigation costs and by taking them outside of "roulette wheel" justice wherein...
  • Of Mice and Men and Christine O'Donnell

    October 20, 2010
    A recent exchange between Christine O'Donnell and Bill O'Reilly, with a lack of scientific information on both sides.

    O'REILLY: Everybody knows that scientists have enough knowledge to clone a human being if they wanted to.

    O'DONNELL: Right.

    O'REILLY: But they're not, at least not that we know of. And now they're in the monkey realm. And I don't understand, if that's the possibility that people might be cured, why the objection. Because I never buy the slippery slope....

    O'DONNELL: By their own admission these groups admitted that the report that said, "Hey, yay, we cloned a monkey. Now we're using this to start cloning humans." We have to...

    O'REILLY: Let them admit anything they want. But they won't do that here in the United States unless all...


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