Thursday, April 08, 2010

High and Low Finance - Why So Glum? History Suggests a Strong Recovery - NYTimes.com

High and Low Finance - Why So Glum? History Suggests a Strong Recovery - NYTimes.com:

Why is good news being received with such doubt? Why is “new normal” the currently popular economic phrase, signifying that growth will be subpar for an extended period, and that the old normal is no longer something to be expected?

It is possible, of course, that I am wrong and the prevalent pessimism is correct. Many economic indicators, including Thursday’s retail sales report, are looking up, but that does not prove the recovery will be self-sustaining. There are issues relating to over-indebted consumers and local governments. The housing collapse will have an impact for some time."

Initial jobless claims increase unexpectedly - Yahoo! Finance

Initial jobless claims increase unexpectedly - Yahoo! Finance:

WASHINGTON (AP) -- The number of newly laid-off workers seeking unemployment benefits rose last week, a sign that jobs remain scarce even as the economy recovers.

The Labor Department said Thursday that first-time claims increased by 18,000 in the week ending April 3, to a seasonally adjusted 460,000. That's worse than economists' estimates of a drop to 435,000, according to a survey by Thomson Reuters."

RealClearPolitics - Articles - Print Article

RealClearPolitics - Intersection For a Disaster - George Will:

WASHINGTON -- The times truly are out of joint when the most important IPO -- initial public offering -- of 2010 could come from what was American capitalism's iconic corporation for most of its 102 years. Andrew Bary, writing in Barron's, says General Motors 'may go public in the second half of this year, and its stock market value could top $50 billion, more than Ford's $40 billion.'

This is justice under today's state capitalism: Ford took on $23.6 billion in debt to avoid becoming dependent on Washington, whereas GM shed much of its debt by becoming dependent. Washington, Bary explains, turned most of its $50 billion loan to GM into 60.8 percent ownership, the United Auto Workers got 17.5 percent for forgoing a $20 billion health care claim against the company, and Canada's government got an 11.7 percent stake for $9 billion.

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Detroit's long drive down the crumbling road to disaster is chronicled in 'Crash Course' by Paul Ingrassia, formerly of The Wall Street Journal. It is a story of the hubris of a corporate oligopoly and the myopia of a union monopoly."

The American Spectator : A Pattern of Deception

The American Spectator : A Pattern of Deception:

When he was asking for our vote in 2008, then candidate Barack Obama most famously promised the American people:

And I can make a firm pledge. Under my plan no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.' [Emphasis added]"

The American Spectator : The Color of Tea

When I look at Barack Obama....I see a liberal.
I see a FAR LEFT LIBERAL.
I don't see a black man....I could care less if he was from MARS! I do not see the man anymore, I just see his policy's and what I feel and know they have the potential to do to this country.
When I look at most Republicans right now...I see STUPID. That my friend, as no color....is not racist...I see STUPID. When I look at the White/Black/Green/Asian/American Congress...I see no color.....
Actually - NONE at all...not passion, not skin....not ANYTHING.
What I again see is blind ignorance to the electorate...and THAT has no color.
I AM a member of the Tea Party....and proud of it...because my goal is to see America come back from the abyss. We will remember in November.....

The American Spectator : The Color of Tea:

Is calling Tea Party activists racist the best liberals can do?

Consider the thoughts of the inaptly named openmind82 in a post titled 'Is the Tea Party or conservs the modern day Klan?' on the Daily Kos:

When I hear words yelled like, 'Faggot, Nigger' or politicians being cursed and spit on, then one has to believe it's no longer about politics, but about something else. And it's RACISM, it's always been about racism, you know it, I know it, and the media knows or at least they pretend not to."

The American Spectator : Republicans Against Repeal

The American Spectator : Republicans Against Repeal:

Well, that didn't take long. After Democratic supermajorities rammed through their health care bill, Republicans were full of sound and fury about how this injustice will not stand. Even John McCain was on board, telling a television interviewer, 'Outside the Beltway the American people are very angry and they don't like it and we are going to try to repeal this.'"

The American Spectator : Republicans Against Repeal

The American Spectator : Republicans Against Repeal:

Well, that didn't take long. After Democratic supermajorities rammed through their health care bill, Republicans were full of sound and fury about how this injustice will not stand. Even John McCain was on board, telling a television interviewer, 'Outside the Beltway the American people are very angry and they don't like it and we are going to try to repeal this.'"

CNSNews.com - D.C. Leader Calls on Illegal Immigrants to Fill Out Census for Taxpayer-Funded Resources

CNSNews.com - D.C. Leader Calls on Illegal Immigrants to Fill Out Census for Taxpayer-Funded Resources:

The executive director of a D.C. Latino community organization at a rally Thursday called on Hispanics, regardless of their immigration status, to participate in the 2010 Census, adding that doing so will expand their access to $400 billion in government-funded “resources.”"

Getting Gas Wrong | FrontPage Magazine

If you don't think things like this and Cap & Trade won't hurt you....say Hi! to Tinkerbell for me because you are living a fairy tale!

Getting Gas Wrong | FrontPage Magazine:

In an economy full of problems there are still a few high points. One of them, as you may have noticed if you pay attention to your utility bills, is that natural gas prices are relatively low. Back in mid-2008, natural gas prices hit record highs. The market reacted as it is supposed to: exploration took off, production increased and now, almost two years later, the cost of natural gas has stabilized at a comfortable level, amid normal seasonal variations. We shouldn’t have to worry about this sector of the economy, but there is a dark cloud looming on the horizon in the form of yet another environmental initiative that the Obama administration is pushing forward, one that has the potential to cut domestic natural gas production, cost us jobs and revenue and force energy prices upward."

American Thinker: H1N1 and Health Care Reform

American Thinker: H1N1 and Health Care Reform:

The government that mismanaged the H1N1 vaccine is stepping up to do an even worse job on ObamaCare. As a general pediatrician and medical practice owner, I have been surprised at our inability as a society to apply the lessons of the recent past to our current health care debate. Those who know me will recall that I was especially aggravated over the H1N1 debacle of late last year."

American Thinker: Tea Partiers and the New Party Leaders

American Thinker: Tea Partiers and the New Party Leaders:

Tea Partiers know and remember that the Republicans lost control of Congress in 2006 and the White House in 2008 not because of Pelosi, Reid, and Obama, but because Republican leaders at the national and state levels broke their promise to govern as conservatives."

American Thinker: President Obama Needs to Prove His Constitutional Eligibility to Be Commander-in-Chief

Very interesting perspective on the Birth Certificate question...

American Thinker: President Obama Needs to Prove His Constitutional Eligibility to Be Commander-in-Chief:

Last week, I entered Walter Reed Army Hospital to notify the Department of Defense that I would refuse to obey any orders from my commanding officers -- including President Obama -- until the president produces his original birth certificate. After nearly eighteen years of wearing the military uniform of the country I have proudly served, including overseas assignments in imminent danger/combat areas in Bosnia and Afghanistan, I felt compelled to take this step."

Bernanke Says Joblessness, Foreclosures Pose Hurdles (Update2) - Bloomberg.com

Yeah...yeah...I know....it's ALL Bush's fault.....the fact it's raining....the fact I just ran out of copy paper...the Mine disaster in W. Virginia.....the Muslim world blowing us up......my donut being stale.......WILL IT NEVER END!?!?!?!

Bernanke Says Joblessness, Foreclosures Pose Hurdles (Update2) - Bloomberg.com:

April 7 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said joblessness, home foreclosures and weak lending to small businesses pose challenges to the economy as it recovers from the worst recession since the 1930s"

Nearly half of US households escape fed income tax - Yahoo! Finance

And who is surprised? And...we're STILL told by our Fearless Leaders there's MORE "Social Justice" to be doled out.....

Nearly half of US households escape fed income tax - Yahoo! Finance:

WASHINGTON (AP) -- Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it's simply somebody else's problem.

About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization."

Man Billed 'Crash Tax' For Emergency Response - cbs2chicago.com

So....WHAT exactly DO our tax dollars pay for then....WHAT?

Man Billed 'Crash Tax' For Emergency Response - cbs2chicago.com:

If you get into a car accident and 911 is called, you may get billed for the emergency response. Cash-strapped communities are sending out bills to cover the costs of fire trucks responding to crashes. As CBS 2 Investigator Dave Savini reports, often times it does not matter whether you caused the accident or are the victim."

Wednesday, April 07, 2010

CNSNews.com - Counting Once, Counting Twice: U.S. Census Sending Millions of Americans A Second Form

OK....how many trees have they killed with the Census Forms, reminders, info etc....etc....??? Where's Al Gore NOW?????

CNSNews.com - Counting Once, Counting Twice: U.S. Census Sending Millions of Americans A Second Form:

About 40 million “replacement” Census questionnaires are being sent nationwide to households in areas with low mail return rates, even if those households already have returned the first form they received, Census officials announced on Thursday.

And just days after completing their paid training, hundreds of Census enumerators in Northern Virginia were abruptly laid off without explanation on Thursday."

Volcker: Taxes likely to rise eventually to tame deficit | Reuters

Hang onto what's left of your wallet! this is gonna be a WILD ride!!!

Volcker: Taxes likely to rise eventually to tame deficit | Reuters:

(Reuters) - The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White House adviser Paul Volcker said on Tuesday."

My Way News - Not all terrorism: Obama tries to change subject

"Word Smithing"...or how I won the War"....think renaming them Tinkerbell will make a difference? Or just give them cover to create another "Man Caused Disaster"......?

My Way News - Not all terrorism: Obama tries to change subject:

WASHINGTON (AP) - President Barack Obama's advisers plan to remove terms such as 'Islamic radicalism' from a document outlining national security strategy and will use the new version to emphasize that the U.S. does not view Muslim nations through the lens of terrorism, counterterrorism officials say."

Health care overhaul spawns mass confusion for public | McClatchy

Wait til' they find out just how expensive "FREE CARE" is....

Health care overhaul spawns mass confusion for public | McClatchy:

WASHINGTON — Two weeks after President Barack Obama signed the big health care overhaul into law, Americans are struggling to understand how — and when — the sweeping measure will affect them.

Questions reflecting confusion have flooded insurance companies, doctors' offices, human resources departments and business groups.

'They're saying, 'Where do we get the free Obama care, and how do I sign up for that?' ' said Carrie McLean, a licensed agent for eHealthInsurance.com. The California-based company sells coverage from 185 health insurance carriers in 50 states."

The Laffer Curve: Past, Present, and Future | The Heritage Foundation

The Laffer Curve: Past, Present, and Future | The Heritage Foundation:

The Laffer Curve, by the way, was not invented by me. For example, Ibn Khaldun, a 14th century Muslim philosopher, wrote in his work The Muqaddimah: 'It should be known that at the beginning of the dynasty, taxation yields a large revenue from small assessments. At the end of the dynasty, taxation yields a small revenue from large assessments.'"

American Thinker: Laff It Up, Tax Lovers

American Thinker: Laff It Up, Tax Lovers:

The national debt problem has become so apparent that it is even recognized in San Francisco now. Would raising taxes help?

In January 2009 I wrote, 'We have less than 10 years to get our mess straightened out.' Here is what the San Francisco Chronicle reported fifteen months later, April 5, 2010."

American Thinker Blog: Dan Quayle's words of wisdom to the tea party movement

American Thinker Blog: Dan Quayle's words of wisdom to the tea party movement:

Together we stand, divided we fall. I agree with Dan Quayle's exhortation to the Tea Party to stay non-partisan, and not to create a third party. In Sunday's Washington Post, Quayle argues that tea partiers should heed the past:"

Lefty freak-out over the Tax Day Tea Parties | RedState

Lefty freak-out over the Tax Day Tea Parties | RedState:

As you have probably surmised, there will be a large round of Tea Parties coming up on April 15th. There will be large names, even larger crowds - and honestly, organizers would be unable to stop people from coming if they wanted to at this point. I will be speaking in Atlanta, and the FreedomWorks event in DC has a fantastic line-up including Lord Monckton, Andrew Breitbart, and Ron Paul."

America Under ObamaCare, Day 14: IRS chief: Buy health insurance or lose your tax refund - America under ObamaCare

Happy now????

America Under ObamaCare, Day 14: IRS chief: Buy health insurance or lose your tax refund - America under ObamaCare:

Individuals who don't purchase health insurance may lose their tax refunds according to IRS Commissioner Doug Shulman. After acknowledging the recently passed health-care bill limits the agency's options for enforcing the individual mandate, Shulman told reporters that the most likely way to penalize individuals that don't comply is by reducing or confiscating their tax refunds."

Tuesday, April 06, 2010

RealClearPolitics - Video - MSNBC Host: Time For "Socialism" In Talk Radio

Nice to know they feel strongly enough in THEIR beliefs that they can argue in the arena of ideas.....NOT!!!!!!!!!!

RealClearPolitics - Video - MSNBC Host: Time For "Socialism" In Talk Radio:

In an unusually candid rant, MSNBC libtalker Ed Schultz tells radio listeners he believes the next 'socialist' takeover by the government should be on all the radio airwaves."

RealClearPolitics - Video - Obama Can't Name A White Sox Player

How about "Manny Ortiz"???? Just ask John Kerry...he's as up on the Red Sox!!!

RealClearPolitics - Video - Obama Can't Name A White Sox Player:

President Obama has a tough time naming his favorite White Sox player when asked by broadcaster and former Sox pitcher Rob Dibble."

Court: FCC has no power to regulate Net neutrality | Politics and Law - CNET News

Court: FCC has no power to regulate Net neutrality | Politics and Law - CNET News:

The Federal Communications Commission does not have the legal authority to slap Net neutrality regulations on Internet providers, a federal appeals court ruled Tuesday.

A three-judge panel in Washington, D.C. unanimously tossed out the FCC's August 2008 cease and desist order against Comcast, which had taken measures to slow BitTorrent transfers before voluntarily ending them earlier that year."

American Thinker Blog: Tend to Your Seeds, Mr. President

American Thinker Blog: Tend to Your Seeds, Mr. President:

Should the United States someday suffer a budget crisis, it will be hard not to conclude that Obama and his allies sowed the seeds, because they ignored conspicuous warnings."

Reid mocks Palin during speech - The Hill's Blog Briefing Room

Just keep it up you folks on the Hill...keep making fun of your VOTERS. Remember we put you there...and the VOTE is a mighty weapon!

Reid mocks Palin during speech - The Hill's Blog Briefing Room:

Senate Majority Leader Harry Reid poked fun at former Alaska Gov. Sarah Palin, who campaigned against Reid in his hometown.

Reid (D-Nev.) took aim at the 2008 GOP vice presidential nominee, who joined Tea Party ralliers in Searchlight, Nev., to campaign against Reid, the top Democrat in the Senate.

'I was going to give a few remarks on the people who were over here a week ago Saturday,' Reid said in a video posted by Fox News anchor Greta Van Susteren, 'but I couldn't find it written all over my hands."

Obama Limits When U.S. Would Use Nuclear Arms - NYTimes.com

Obama Limits When U.S. Would Use Nuclear Arms - NYTimes.com:

WASHINGTON — President Obama said Monday that he was revamping American nuclear strategy to substantially narrow the conditions under which the United States would use nuclear weapons."

Monday, April 05, 2010

The American Spectator : Obamacare vs. Jobs

The American Spectator : Obamacare vs. Jobs:

Now that Obamacare has been enacted, we definitely won't be knocking any new archways through the wall at our restaurant and expanding into the empty storefront next door.

With a waiting line on weekends, we could use the additional seats. The adjacent space could also be turned into a party room with seating for 50, perfect for communions, business meetings, and showers."

Bluegrass Bummer - Stephen Spruiell - National Review Online

Bluegrass Bummer - Stephen Spruiell - National Review Online:

Does Kentucky’s experience with health-insurance overregulation hold lessons for repealing Obamacare?"

RealClearPolitics - Articles - Print Article

RealClearPolitics - Articles - Should America Bid Farewell to Exceptional Freedom?:

Last week, on March 21st, Congress enacted a new Intolerable Act. Congress passed the Health Care bill - or I should say, one political party passed it - over a swelling revolt by the American people. The reform is an atrocity. It mandates that every American must buy health insurance, under IRS scrutiny. It sets up an army of federal bureaucrats who ultimately decide for you how you should receive Health Care, what kind, and how much...or whether you don't qualify at all. Never has our government claimed the power to decide when each of us has lived well enough or long enough to be refused life-saving medical assistance."

American Thinker Blog: Distractions used to hide Obamacare's failures

American Thinker Blog: Distractions used to hide Obamacare's failures:

It should have been predictable that the reaction to the passage of the health care bill was to focus on the tone rather than the substance.

Racial slurs, veiled and unveiled threats, a litany of name calling, and the level of hysteria have all been useful tools for the proponents of the bill who would rather discredit the opposition than face the defects of the bill, the campaign promises that have been become lies, and the general bribery and sleaze that surrounded the support of the bill."

American Thinker Blog: The Democrats' Risky Business

American Thinker Blog: The Democrats' Risky Business:

As time goes on it is increasingly clear that a contrivance designed to defame the Tea Party and drive people from them was the base of charges that Tea Party demonstrators hurled homophobic and racist epithets and spat at Congressmen as they passed by to vote for the horrific ObamaCare Act.

A less credulous press would have exposed that immediately. A more honorable press would by now have conceded the error of its reporting."

Russia eyes $5 billion in arms sales to Venezuela: Putin | Reuters

Russia eyes $5 billion in arms sales to Venezuela: Putin | Reuters:

Putin met Venezuelan President Hugo Chavez in Caracas on Friday to discuss oil, defense and nuclear energy cooperation, although no new no arms agreements were signed.

The United States has frequently expressed concern about Russian weapons sales to Venezuela, one its most prominent foes in the region."

Kids Feel Pinch of Parents' Unemployment - WSJ.com

Kids Feel Pinch of Parents' Unemployment - WSJ.com:

FAIRFIELD, Conn.—When Maurice Johnson was laid off a year ago from his six-figure salary as a managing director at GE Capital, it wasn't his future he was worried about.

It was his children's.

The family income of the Johnsons is a fifth of what it used to be. And the children are about to feel the pain. Mr. Johnson's two oldest are attending his alma mater, Johns Hopkins University, at an annual cost of $50,000 apiece. And his youngest daughter, 15 years old, recently began her own college search. Mr. Johnson isn't sure whether he'll be able to help her to go to college, or even to get the older kids to graduation."

David Petraeus for President: Run General, run - Telegraph

David Petraeus for President: Run General, run - Telegraph:

With many voters yearning for an outsider, and military officers looked up to, General David Petraeus could be a powerful presidential candidate and a potentially accomplished President."

Sunday, April 04, 2010

American Thinker: The Man in the Watchtower

American Thinker: The Man in the Watchtower:

Some years ago, my sister wrote from Milwaukee to tell me that Lauren, the daughter of a friend of hers, was going to be interning for the summer in Washington and asked if I might look after her. The girl is a brilliant mathematician, and the program offered her housing, so she spent a very short time with us. But the following summer, after her freshman year in college where she was a classmate of my son's, she stayed with us while enrolled in another program at NSA."

Gore gets camera-shy for N.C. speech, limits media :: WRAL.com

Whatsamatta Al??? Getting a little TOO hot out there for ya???

Gore gets camera-shy for N.C. speech, limits media :: WRAL.com:

RALEIGH, N.C. — Former Vice President Al Gore may have won an Oscar for his documentary on global warming, but he appears to be a little cool toward the camera for a speech in North Carolina."

44 - Obama's 17-minute, 2,500-word response to woman's claim of being 'over-taxed'

Obama's 17-minute, 2,500-word response to woman's claim of being 'over-taxed':

CHARLOTTE - Even by President Obama's loquacious standards, an answer he gave here on health care Friday was a doozy.

Toward the end of a question-and-answer session with workers at an advanced battery technology manufacturer, a woman named Doris stood to ask the president whether it was a 'wise decision to add more taxes to us with the health care' package.

'We are over-taxed as it is,' Doris said bluntly."