Monthly Archives: March 2013

News

March 21, 2013:From the New York Times (which will shortly begin leading the attacks on Dr. Benjamin Carson):

‘He draws on the Bible’s description of tithing to argue in favor of a flat tax, a perennial favorite of conservatives. “You make $10 billion, you put in a billion; you make $10, you put in 1,” Dr. Carson explained at the prayer breakfast. “Now some people say that’s not fair because it doesn’t hurt the guy who made 10 billion as much as the guy who makes 10. Where does it say you’ve got to hurt the guy?”’ 
March 15, 2013: We find his disingenuousness “inexplicable”:

New York Governor says that the mass shooting in Herkimer NY by shotgun (like the one owned and used by Cuomo and Biden) is “inexplicable.” When the mass shooting by semi-automatic handgun happened in Newtown, Cuomo had a ready legislative solution to keep New York safe (Cuomo’s emergency SAFE Act). Why the difference?
March 8, 2013: “Good” job growth? From zerohedge.com:

“When it comes to government data, every silver lining has a cloud. Sure enough even today’s NFP number, which on the surface was quite acceptable, had its share of thorny issues.

Those who track the quality composition of the jobs, as opposed to just the quantity, will know that the part and full-time jobs breakdown has long been a major issue. And not unexpectedly, in February according to the Household Survey, the number of full-time jobs declined by 77K from 115,918 to 115,841. The offset: a jump in part-time workers which rose from 27,467 to 27,569, or 102K. Part-time jobs, for those who are unaware, are “jobs” only in the broadest of definitions.

But the most surprising development in February from a quality standpoint was that the number of multiple job-holders rose by a massive 340K, which just happens to be a record. One wonders: how many actual people got new jobs, as opposed to how many qualified singleindividuals ended up getting more than one job in February in order to boost that much needed weekly income to sustainable levels”.
March 4, 2013: Hmmmmm. We now have until September 30 to “avoid” phony sequester cuts? And be prepared for Obama to offer to “talk” about entitlement reform without offering any reform in writing. This will revive the “crisis.”

Reuters: “President Barack Obama raised anew the issue of cutting entitlements such as Medicare and Social Security as a way out of damaging budget cuts, a White House official said on Sunday . . . Now that they are in place, the $85 billion in spending cuts must be carried out by September 30 if no alternative is found. Half of those cuts would hit the military with the rest scattered over thousands of other domestic programs.”

March 2, 2013: Zeb Shipherd is going to Gamestop!

March 1, 2013: Why bother working? Bloomberg says we can spend and borrow an “infinite” amount of money:

“Furthermore, while saying the federal deficit does indeed need to be curtailed, Mr. Bloomberg argued the United States could owe “an infinite amount of money” and there is no specific amount that would cause the country to default.
“We are spending money we don’t have,” Mr. Bloomberg explained. “It’s not like your household. In your household, people are saying, ‘Oh, you can’t spend money you don’t have.’ That is true for your household because nobody is going to lend you an infinite amount of money. When it comes to the United States federal government, people do seem willing to lend us an infinite amount of money. … Our debt is so big and so many people own it that it’s preposterous to think that they would stop selling us more. It’s the old story: If you owe the bank $50,000, you got a problem. If you owe the bank $50 million, they got a problem. And that’s a problem for the lenders. They can’t stop lending us more money.”

February 28, 2013: Gee, only in Washington DC can the “typical household” afford a new car. I wonder why?

From CNBC:  

“Looking to buy a new car, truck or crossover? You may find it more difficult to stretch the household budget than you expected, according to a new study that finds median-income families in only one major U.S. city actually can afford the typical new vehicle.

According to the 2013 Car Affordability Study by Interest.com, only in Washington DC could the typical household swing the payments,the median income there running $86,680 a year. At the other extreme, Tampa, Fla., was at the bottom of the 25 large cities included in the study, with a median household income of $43,832.

The study looked at a variety of household expenses, such as food and housing, and when it comes to purchasing a new vehicle, it considered more than just the basic purchase price, down payment and monthly note, factoring in such essentials as taxes and insurance.”


February 27, 2013: Obama House Organ Washington Post finds Administration dissembling about Sequestration:

The descriptions of the post-sequester landscape that have been coming out of the Obama Administration have been alarming, specific–and, in at least some cases, hyped.

“There are literally teachers now who are getting pink slips, who are getting notices that they can’t come back this fall,” Education Secretary Arne Duncan said Sunday on CBS’s “Face the Nation.”

When he was pressed in a White House briefing Wednesday to come up with an example, Duncan named a single county in West Virginia and acknowledged, “whether it’s all sequester-related, I don’t know.”

And, as it turns out, it isn’t.

February 26, 2013: Supersizing stupidity:

Mayor Michael Bloomberg is urging the state to follow New York City’s lead and prohibit the sale of large sugary drinks in the same venues statewide that are covered by the city’s soon-to-be-enacted ban, City Hall confirmed late Monday afternoon.

“The mayor believes our policy on sugary drinks in restaurants and food service establishments is the right one and it will save lives, so of course he believes the rest of the state should adopt the same policy,” Marc LaVorgna, a spokesman, said in a statement.

He issued the statement to clarify remarks Mr. Bloomberg made earlier in the day that seemed to suggest the mayor thought some exempt venues, such as grocery stores, should be part of the ban. The spokesman said late Monday that the mayor is “not taking a position on what state government should do with grocery stores.”


February 25, 2013: ABC News calls out Chicken Little:

“Hundreds of thousands of jobs are at risk. Delays await at airports. Padlocks are ready at national parks.The nation will suffer greater risk of wildfires, workplace deaths, and even surprise weather events, if government predictions are to be believed. Our entire military readiness and superiority are at risk.

What if nobody cares?

President Obama sure does. He’s making the case, aggressively and comprehensively, that the automatic spending cuts set to go into effect at the end of the month will have a devastating impact, both on the economy and on essential government services . . .

But there are few signs to suggest the public is listening. A poll out late last week found that barely one in four Americans said they’d heard much about the automatic spending cuts — known unhelpfully for public-comprehension purposes as “sequestration” — and four in 10 said they were comfortable with the cuts going into effect.

‘Here’s yet another deadline, and everyone’s telling us everything will be destroyed if we go past it,” said Michael Dimock, director of the Pew Research Center for the People and the Press, which conducted the poll. “It’s very hard to get the same sense of urgency for a third time in a row, just two months after the last one.’”


February 13, 2013: Bin Laden brought to Justice:

“For some reason, I said to myself the George Bush 9/11 quote: ‘Freedom itself was attacked this morning by a faceless coward, and freedom will be defended,’ ” he said. “I could just hear his voice, and that was neat. I started saying it again and again to myself. Then I started to get pumped up. I’m like: ‘This is so on.’ ”

February 11, 2013: Can we all agree that too big to fail is too big?

George F. Will: “The 20 largest banks’ assets total 84.5 percent of the nation’s gross domestic product. Such banks have become bigger, relative to the economy, since the financial crisis began, and they are not the only economic entities to do so. Last year, the Economist reported that in the past 15 years the combined assets of the 50 largest U.S. companies had risen from around 70 percent of GDP to around 130 percent. And banks are not the only entities designated TBTF because they are “systemically important.” General Motors supposedly required a bailout because a chain of parts suppliers might have failed with it . .

By breaking up the biggest banks, conservatives will not be putting asunder what the free market has joined together. Government nurtured these behemoths by weaving an improvident safety net and by practicing crony capitalism. Dismantling them would be a blow against government that has become too big not to fail. Aux barricades!”
February 10. 2013: Speaking Truth to Power (From WSJ):
“Dr. Ben Carson speaking to the White House prayer breakfast this week.

Seated in view to his right are Senator Jeff Sessions and President Obama. One doesn’t look happy. You know something’s coming when Dr. Carson says, “It’s not my intention to offend anyone. But it’s hard not to. The PC police are out in force everywhere.”

Dr. Carson tossed over the PC police years ago. Raised by a single mother in inner-city Detroit, he was as he tells it “a horrible student with a horrible temper.” Today he’s director of pediatric neurosurgery at Johns Hopkins and probably the most renowned specialist in his field.

Late in his talk he dropped two very un-PC ideas. The first is an unusual case for a flat tax: “What we need to do is come up with something simple. And when I pick up my Bible, you know what I see? I see the fairest individual in the universe, God, and he’s given us a system. It’s called a tithe.

“We don’t necessarily have to do 10% but it’s the principle. He didn’t say if your crops fail, don’t give me any tithe or if you have a bumper crop, give me triple tithe. So there must be something inherently fair about proportionality. You make $10 billion, you put in a billion. You make $10 you put in one. Of course you’ve got to get rid of the loopholes. Some people say, ‘Well that’s not fair because it doesn’t hurt the guy who made $10 billion as much as the guy who made 10.’ Where does it say you’ve got to hurt the guy? He just put a billion dollars in the pot. We don’t need to hurt him. It’s that kind of thinking that has resulted in 602 banks in the Cayman Islands. That money needs to be back here building our infrastructure and creating jobs.”

Not surprisingly, a practicing physician has un-PC thoughts on health care:

“Here’s my solution: When a person is born, give him a birth certificate, an electronic medical record, and a health savings account to which money can be contributed—pretax—from the time you’re born ’til the time you die. If you die, you can pass it on to your family members, and there’s nobody talking about death panels. We can make contributions for people who are indigent. Instead of sending all this money to some bureaucracy, let’s put it in their HSAs. Now they have some control over their own health care. And very quickly they’re going to learn how to be responsible.”


February 8, 2013:
Strange silence from the mainstream media regarding the love-note manifesto from Christopher Dorner to left-wing politicians and media/entertainment figures. The mainstream media silence regarding the Southern Poverty Law Center “Hate Map” is equally instructive. The Center notices.

February 7, 2013: It’s time for a Senate Budget Proposal:
“House Speaker John Boehner said he will oppose any delay of $1.2 trillion in automatic U.S. spending reductions set to begin March 1 unless Congress replaces them with other “cuts and reforms.” Boehner said it is time for Senate Democrats and President Barack Obama to come up with a plan to replace the spending cuts. He said he is “more than willing” to work with them, as he reiterated his opposition to tax-revenue increases in such a proposal.

February 6, 2013: From John Crudele of the New York Post: “[T]he Justice Department said it would sue Standard & Poor’s for rating mortgage-backed securities incorrectly during the 2008 financial crisis. This is funny on a number of levels; LOL — or laugh out loud — funny, in fact. For one thing, why wasn’t Moody’s Investors Service sued? There’s no indication that Moody’s was any better at spotting the crappy mortgages that were bundled into securities by Wall Street and later sold (or taken over) by the government and taxpayers. Could the exclusion of Moody’s have anything to do with the fact that Warren Buffett, a DC favorite who thinks he and other rich people are paying too little in taxes, is a major stakeholder in Moody’s?”
February 5, 2013: Where are the Librarians?

“A confidential Justice Department memo concludes that the U.S. government can order the killing of American citizens if they are believed to be “senior operational leaders” of al-Qaida or “an associated force” — even if there is no intelligence indicating they are engaged in an active plot to attack the U.S.

The 16-page memo, a copy of which was obtained by NBC News, provides new details about the legal reasoning behind one of the Obama administration’s most secretive and controversial polices: its dramatically increased use of drone strikes against al-Qaida suspects abroad, including those aimed at American citizens, such as the  September 2011 strike in Yemen that killed alleged al-Qaida operatives Anwar al-Awlaki and Samir Khan. Both were U.S. citizens who had never been indicted by the U.S. government nor charged with any crimes.