From Stephen Moore <[email protected]>
Subject Unleash Prosperity Hotline #915
Date December 13, 2023 3:08 PM
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Harvard Punts on Integrity

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Unleash Prosperity Hotline
Issue #915
12/13/2023
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1) Harvard Punts Away Its Integrity

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One of our favorite reads is the Political Forum Institute’s Morning Call.

They are even more irreverent than we are. Their take on the cowardly lions on the Harvard board and the indelible damage they have done to the reputation of this once-exalted university in the name of diversity and “equity” nails the whole sordid affair better than we could. We reproduced their analysis of what happened:

The Washington Free Beacon broke Harvard President Claudine Gay's plagiarism story wide open. They "worked with nearly a dozen scholars to analyze 29 potential cases of plagiarism. Most of them said that Gay had violated a core principle of academic integrity as well as Harvard's own anti-plagiarism policies, which state that 'it's not enough to change a few words here and there,'" precisely the writing method Gay used in at least 4 of her 11 career papers.

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Morning Call wrote:

Harvard’s board voted... to retain Gay as the university’s president. Its members did so, presumably, for a variety of reasons, the most important and likely of which is that they weren’t going to let 'those people' – i.e. the rubes, hillbillies, and other deplorables – take her scalp as they did Penn’s Liz Magill’s. Well…good for them, we suppose. They stuck it to the…whomever.

Harvard’s board has put itself and the university in the position of appearing, at the very least, to protect an intellectual fraud specifically to poke their collective finger in their critics’ collective eye...

All it would have taken to avoid this mess is a few quotation marks here and a handful of indented paragraphs there. And it’s not like Gay had to worry about her readers tuning out. We can almost guarantee you that no one ever read anything she wrote – least of all her dissertation – unless they had to. Getting readers to “tune in” was her bigger challenge. Nevertheless, she placed posturing and personal convenience over intellectual integrity. She is, in short, contemporary American academia personified.

Postscript: The New York Post has a story out that Harvard knew of Gay's plagiarism and covered it up. This is what happens when identity politics trumps competence and professionalism.

The Harvard story became more sordid last night when the New York Post reported that the university had engaged in a coverup, which included having its lawyers threatening The Post over the story.

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2) Headline of the Day: Ford Cuts EV Truck Production by Half

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Biden has decreed that the auto companies shall produce and the car buyers shall purchase electric vehicles from here on in. Except somebody in the White House forgot to tell Ford. Ford has reportedly cut its 2024 production target for the F-150 Lightning electric truck from 150,000 to 75,000. Why? Because no one is buying them.

The website Zero Hedge notes this is a Steve Moore I-told-you-so:

It appears Stephen Moore's grim prediction in early November is coming true.

The senior economist at FreedomWorks and former senior economic adviser to President Trump told Fox News in an interview.

"I'm here to tell you, if these trends continue, we're going to see the EV market become the next big flop because car buyers don't want them."

"The obvious lesson for the industry: you can’t bribe Americans to buy cars they don’t want. Given the all-in approach mentality for EVs at Ford and GM, it’s clear that Detroit never got this message," he wrote.

President Biden has set a goal of 50% of all new vehicles by 2030 being either EVs or plug-in hybrids.

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3) Lina Kahn: The Most Failed FTC Chair in History
Lina Kahn is the Federal Trade Commission chair who wants to radically change federal antitrust policy (her lawsuit charging Amazon Prime as being anti-consumer is her latest crusade).

An economic pyromaniac, her crusade to block any merger or acquisition has luckily stalled. She lost her antitrust cases against Meta and Microsoft in court and her attempt to stop a drug company merger was also blocked. The Wall Street Journal has asked: “Does Lina Khan Ever Win A Single Case?”

Now even the liberal New York magazine has published a searing expose of her. Legal analyst Andush Khardori finds her cases have “shaky legal underpinnings” and questions if she is costing progressives more than she’s worth.

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"Khan’s failure could ultimately prove fatal to a once-in-a-generation movement to dramatically transform government antitrust policy,” writes Kharori. “If her tenure at the head of the FTC turns out to be a failure, it could deal an existential blow to the movement that she has devoted her career to.”

If this is accurate then maybe something good has come out of this hyper-regulator who knows nothing about the businesses she is overseeing.

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4) Shutting Down U.S. Oil and Gas Is an Environmental Disaster
A few years ago, energy analysts at The Daily Mail reported that: “the super-ships that keep the West in everything from Christmas gifts to computers pump out killer chemicals linked to thousands of deaths because of the filthy fuel they use.”

Now we have an updated report out from our two friends, Lee Rizzuto, a former U.S. Consul General in Bermuda, and Alfredo Ortiz of Job Creators Network, which finds that the Biden war on fossil fuels may be INCREASING global carbon emissions. Here’s why:

“In 2022, the U.S. imported 8.3 million barrels of petroleum per day, including one million barrels a day from the Persian Gulf. According to the Energy Information Administration, a tanker’s one-way trip from Saudi Arabia to the U.S. takes between 32 and 51 days, meaning an average trip will burn around 2.5 million gallons of what is arguably the dirtiest fuel around.

Why do environmental activists who oppose energy development ignore the ecological impact of tankers, container ships, and cruise vessels? Only 15 of the biggest ships produce more sulfur pollution than all the world’s cars combined.

One large container ship emits the same amount of sulfur oxide as 50 million cars. New research concludes that 214 cruise ships emitted four times more sulfur than one billion cars in 2022.”

Does that sound like a wise environmental policy?

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5) Milei's 2024 Budget Would Reduce Government Spending by 5% Of GDP
For those who say there is no way out of our debt crisis here in America, maybe we should follow the Milei model in Argentina. His government downsizing plan would be the equivalent of cutting about $1.5 trillion from our federal budget in Washington this year.

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6) Bidenomics: Now the Logic Makes Sense

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