"In fact, in Feelingstown, facts become insults: If facts debunk feelings, it is the facts that must lose." Ben Shapiro
Saturday, April 11, 2009
New auto warranties
Rated R for an F bomb
Why Viagra is so expensive
This guy should have been a porn star.....
TV presenter Claire Sweeney has revealed she was chatted up by Bill Clinton at a fancy dress party.The former Brookside star was at a bash in Russia, hosted by Cliff Richard, when Clinton, who was U.S. President at the time, approached her, dressed as an admiral.
Sweeney, who was at the party with her then-boyfriend businessman Tony Hibbard, told Channel Five’s The Wright Stuff: ‘Clinton came over and started chatting me up.
‘I thought: “You dirty dog”.
'His bodyguard then came over and said: “Mr President, we need to go”.’
However, Clinton managed to shake off his bodyguard and swiftly made a beeline back to Sweeney, who was dressed in a saucy Dangerous Liaisons-style outfit.
The 37-year-old asked him: ‘You don’t want to go, do you?
'He said “How can you tell?”
‘I said “Because your left leg is dancing”.’
To which 62-year-old Clinton is alleged to have responded: ‘My middle leg will be dancing soon!’
So much for subtlety. No wonder I never got laid on the dating scene. I just did all that crazy stuff like take a girl out to dinner and a movie. I never tried that direct tact.
Article here
Spoiled punks
I don't know that there's anything more disgusting than a bunch of spoiled punks who's parents shell out $40,000 a year so these twits can act like total derelicts. These punks didn't get an ass beating 14 years ago so the police are going to give them a healthy one now.
By the way, why are they protesting? Because they dislike Bob Kerrey for his early support of the Iraq War. Oh, and the chocolate pudding they serve in the cafeteria. If I was in NY I'd ask the cops for a club and I'd go in and beat on them.
Friday, April 10, 2009
PSU Student Affairs Vets Video
A classic case of liberal projection.
Who did she vote for? #921
A 64-year-old Florence woman faces charges she cashed her dead mother’s Social Security checks for 13 years.
Janice Tanner was indicted Thursday by a federal grand jury for theft of public money, forgery, Social Security fraud and aggravated identity theft. She forged her mother’s name on checks totaling $164,673, according to an investigation conducted by the Social Security Administration.
So this past November, did Janice Turner pull the chain for The Messiah or The Maverick?
Article here
Life in "Redville"
A suspected meth lab in Harrison exploded Thursday evening. Emergency personnel, and a HAZ-MAT unit were called out. Two men suffered severe burning from the blast, which burned the home in the 100-block of Campbell Rd. Police are not releasing the identities of the two men, who remain hospitalized. There were no reports of any other injuries.
These two clowns are probably the only democrats in the neighborhood....
article here
Branch Gorevidians get frozen in....
The Catlin Expedition, which is trekking to the North Pole to highlight effects of global warming on Arctic sea ice, has had equipment malfunctions due to extremely cold weather.But when the expedition, the Catlin Arctic Survey, set off in late February, it encountered an unexpected wind chill as low as minus 70 degrees Celsius, and the technology failed.The What’s Up With That (WUWT) website, run by Antony Watts, found phony biometric data at the expedition's website and began to question the claims that this data was being fed live. The very next day the BBC carried a story that several pieces of their equipment had malfunctioned much earlier as well due to the cold.
One of the key pieces of equipment that failed is a radar device to measure ice thickness. The expedition seeks to show that arctic sea ice is getting thinner due to global warming. They are also making ice measurements by drilling through the ice.
The expedition has been walking to the North Pole although the going has been rough. They have encountered shifting ice driven by arctic winds that is driving them backwards at times. Their progress is so slow they are unlikely to make it to the pole. The expedition members have also been battling frostbite and chronic hypothermia. They are supplied at intervals by aircraft.
You can't make this stuff up....
More at The American Thinker
They made their own demise
But as I say goodbye to my wonderful Times colleagues, I also can't imagine anything more dangerous than a society in which the news industry has more or less collapsed.
If newspapers become mostly infotainment websites -- if the number of well-trained investigative journalists dwindles still further -- and if we're soon left with nothing but the yapping heads who dominate cable "news" and talk radio, how will we recognize, or hope to forestall, impending national and global crises? How will we know if government officials have made terrible mistakes, as even the best will sometimes do? How will we know if government officials have told us terrible lies, as the worst have sometimes done? A decimated, demoralized and under-resourced press corps hardly questioned the Bush administration's flimsy case for war in Iraq -- and the price for that failure will be paid for generations.
It's time for a government bailout of journalism.
Let's analyze the demise of the newspaper business.
First, it starts with public schools. Why? Because the citizens we churn out of these schools are dumb asses; some barely able to read let alone balance a check book. We're turning out graduates that can't even comprehend that they cannot buy a $300,000 house on a $10 an hour job. Do you think these citizens buy newspapers to get in depth coverage of the financial collapse?
Who's responsible for public schools? Hint, it's not republicans.
Second, we've devalued and coarsened our culture to a point where we now think of a fetus as nothing more than an appendix, wisdom teeth or tonsils. It's just tissue to be removed anytime it's not convenient or causes discomfort.
In addition, our entertainment has turned sex, drugs and rock and roll into a montra for the masses. Do you think these people care about The Middle East let alone, read about it?
Who do you think is responsible for the cheapening of culture in the US? Put another way, who did Larry Flynt vote for this past election?
Third, the few people in the country who can read, develop a thought and have money (conservatives), can't find anything in a current newspaper that's anything but more liberal conjecture. And that doesn't even count the editorial section of the paper.
So conservatives go where they can at least hear some truth in the world, talk radio and Fox News. Do you think that would be an incentive for the liberals who run these papers to maybe change the way their "news" is reported?
Who responsible for serving shit sandwiches to the general public? Another hint, it ain't a conservative cabal.
It's kind of funny that The Wall Street Journal's subscription rates continue to grow steadily. It's the only paper I get because it's the only paper that adds any depth to any issue.
Like I've said before, I'm not the smartest guy in the world so I try to imitate what the smartest guys do. You'd think there'd be a smart guy in a news room asking the question "what is the WSJ doing that we're not?".
But of course they're too damn stupid to even know their own limitations. That's why they're democrats to begin with and why their newspapers are going down in flames.
More of the pit party here
Squeezing a buck
The Los Angeles Times has lent some credibility to the phrase that you can't believe everything you read in the newspaper — even if it's on Page One.The newspaper took the unusual step Thursday of running a front-page advertisement that resembles a news story.
The ad for the new NBC program "Southland" covers half the height of an entire column and appears on the lower half of the page, below the fold. It's labeled as an advertisement at the top but occupies space previously reserved for news. The text is adjacent to a graphical display ad for the show at the bottom of the page.
University of Southern California journalism professor Bryce Nelson said it seemed to be the first time in recent history that an ad resembling a news story appeared on the front page of a major U.S. newspaper — something once common in 19th-century newspapers.
Thursday, April 09, 2009
The not so secret secret prisons
Riddle me this Batman..... if everyone knew of these secret prisons it doesn't sound like much of a secret now does it?
More...
Let's call a meeting
Lo and behold, a leading democrat wants to confront Somalian pirates doing what? Having a few meetings of course.
The chairman of the Senate Foreign Relations Committee called for hearings on the mounting piracy threat as the fate of an American cargo-ship captain remained in limbo Thursday.
"These acts of piracy off of Somalia’s coastline may seem surreal, but they’re all too real and a thorough policy debate is long overdue," said Sen. John Kerry (D-Mass.) in a statement. "When Americans, including at least one from Massachusetts, are endangered, you’ve got a complicated and dangerous international situation brewing, and that includes questions about a hot-pursuit policy on Somalia’s coastline."
More....
Cincinnati Tea Party
Here's the itinerary.Date: April 15, 2009
Itinerary:
11:30 am meet at Fountain Square
12:00 pm march begins to City Hall
12:30 pm present petition to City Hall
What to Bring:
We are asking everyone to bring signs and people. We expect to have some media coverage when we present the petitions to City Hall so the more signs and people the better. We will be bringing the tea bags that were “dumped” during the March 15th event to also present to City Hall as a symbol of how our government is not responsibly representing the views of the people.
But I'd like to see a big crowd. If you go send me some pictures and I'll post them.
If you plan to go, commit over at the Tea Party site so they can plan accordingly.
How socialism works in practice
From reader Doug
Read and absorb.... it says a lot and it tells you about our future in this country if we stay on this same path.
An economics professor at Texas Tech said he had never failed a single student before but had, once, failed an entire class. The class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said ok, we will have an experiment in this class on socialism.
All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A. After the first test the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. But, as the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too; so they studied little.. The second Test average was a D! No one was happy. When the 3rd test rolled around the average was an F.
The scores never increased as bickering, blame, name calling all resulted in hard feelings and no one would study for anyone else. All failed to their great surprise and the professor told them that socialism would ultimately fail because the harder they worked to succeed the greater the reward but when a government takes all the reward away; no one will try or succeed.
Sounds like AIG to me
Government Motors first car
Thanks to reader Bernie
April 9, 1999
I'll remember the day because that morning I got up and shut my windows because the weather sirens were keeping me awake only to find out that the tornado missed my office by about a mile.
The devastation was quite impressive. you can still see the line of trees ripped out of the nature preserve over by Sycamore High School.
We were out of power through the weekend and I believe the following Monday which makes doing tax returns difficult. But I wasn't sitting around on the top of my roof laying around for someone to save me. I packed up a computer and headed out to a place with electricity so I could at least get something done.
There were blue tarps on roofs for well over a year, much like we have today with the hurricane damage from last fall.
Finally, I'll always remember Al Gore touring the area and promising federal aid to help rebuild. That aid never came but the rebuilding got done without them.
A lesson for future disasters.
Wednesday, April 08, 2009
The curious case of 200 identical headlines
Reason number 828 why newspapers are going under.
Actions speak louder than words
Governor David Paterson responded with the following sage comment.....
"If I knew that would be the result," he said of Rush's leaving, "I would've thought about the taxes earlier."
Yeah that's a freakin' riot. Your state is hemorrhaging taxpayers like they're going out of style and this is how you decide to treat one of the people actually contributing to your economy.
This is exactly the mentality liberals who run cities have. And they wonder why all those rich republicans head to places where they are appreciated, like the suburbs.
Neil Cavuto bitch slaps Paterson on this very point......
Rush Limbaugh to New York: "Drop dead. I'm leaving." New York to Rush: "Don't let the screen door hit you on the way out."
And with that, New York Governor David Paterson laughed off a millionaire packing up and heading out. Paterson even found it funny.
"If I knew that would be the result," he said of Rush's leaving, "I would've thought about the taxes earlier." Everyone laughed. Why?
Because this isn't about a broadcaster named Rush, but a tax hiking rage for which politicians seem in such a rush. The governor is free to laugh off Rush bolting from a fancy Fifth Avenue penthouse condominium.
Clearly, the gov's not a fan of Rush. But I suspect he is a fan of Rush's money. He's going to need it. And now he won't have it. And if other rich guys join Rush, guys like Donald Trump....he won't have a lot of it, or them.
Then what will become of the governor's millionaire tax for which $300,000 is enough to qualify? If you can't stick it to the rich who are bolting, how much lower on the financial food chain are you going to have to be moving? Because you better move fast, governor.
more....
Where's John Galt?
It's my duck
Thanks to reader Bernie
A new nick name
I think I have a new one. President Nomad. He's on the road 24/7 like some kind of door to door huckster selling elixir.
Can this guy spend a night in The White House?
Now he's off to Mexico...........
Reporting from Washington -- When Americans learned that unemployment had reached its highest level in a quarter of a century last week, President Obama was midway through a star turn in Europe. And next week, with barely time to pack fresh shirts and refuel Air Force One, he's off again -- first to Mexico, then to a summit meeting in the Caribbean.
It's the sort of thing that can get a political leader into trouble, jetting out of town while the home front suffers.Obama strategists see his foreign travel as satisfying another domestic political need -- the longing of many Americans to view their president as a global leader commanding respect for himself and his country.Carville said people had been calling White House aides to deliver the message that "foreign trips aren't what they used to be. We got a recession back here!"
But even some of Obama's supporters are nervous about the timing of the trips. They worry that meetings with the queen and other bits of stagecraft may suggest a detachment from the concerns of ordinary people.
James Carville, an architect of former President Clinton's victory in 1992, said his guess was that the weeklong, multi-country visit would be a "neutral" to "a slight positive" for Obama but could turn out to be a mistake.
Personally, I think this is demonstrative of one of Obama's character flaws that was apparent from his resume. The guy can't stay in one place for long. It doesn't matter if it's community organizer, senator, anything, he's repeatedly shown an incapacity to take a job and actually accomplish something before moving on. He's worse than a college basketball coach.
Now he's stuck with the job of The Freakin' Presidency. As one guy told me after the election, "don't worry he's never held any job for four years."
Hell it looks like he's done with this one after a 70 days.
More.....
Why newspapers are going under
Why?
Because their solution to any financial problem is to simply raise the price of their product; just like democratic governance.
Never mind that everyone who's ever taken an Econ 101 class knows that when prices increase, demand drops. I guess it's never occurred to a newspaper owner that maybe if they actually produced a product that more people wanted to read, maybe more people would buy it.
The Boston Globe said it will raise the newsstand price of the newspaper to $1 from 75 cents in the city zone, and to $1.50 from $1 outside Greater Boston, effective May 4. The newsstand price of the Sunday Globe will rise to $3.50 within Greater Boston and $4 outside the region from $2.50.Home delivery prices remain unchanged.
The higher prices, aimed at generating additional revenue, are part of the strategy to improve the paper's financial position, as noted by Globe publisher P. Steven Ainsley in a memo sent to staff Monday.
Many newspapers have raised prices over the past year. The Boston Herald raised its newsstand price to 75 cents from 50 cents in the summer, following a similar increase by the Globe last year. Globe spokesman Robert Powers declined to comment on whether the price increase might result in fewer newsstand sales.
For you dip shits who graduated from J-school; let's go over this again. Here is the news food chain....
Internet
Radio
TV
Newspapers
Magazines
Newspapers have to realize that they are down towards the bottom of the chain. The further down the chain you go, the more depth and accuracy you need your information to be.
Unfortunately, even though I used to be a local newspaper junkie, I started realizing that nearly all the "news" in the thing, I had already read on the internet a day or two before. In addition, since most newspapers are filled with nothing but AP clips, there usually is no new information in the things at all. So I quit buying them.
When you guys figure that out, call me.
More....
But I thought he was a uniter
Well now these same dumb asses are starting to get it.
Who has been the most polarizing new president of recent times? Richard Nixon? Ronald Reagan? George W. Bush?No, that honor belongs to Barack Obama. According to the Pew Research Center, the gap between Republican and Democratic approval ratings for Bush a few months into his first term was about 51 percentage points. For Obama, this partisan gap stands at 61 points. Obama has been a unifier, of sorts. He has united Democrats and united Republicans -- against each other.
The Pew report notes that this is the extension of a long-term trend. Decades ago, a majority of Democrats approved of Richard Nixon's job performance early in his first term. A majority of Republicans did the same for Jimmy Carter. But that has not been true for any president since.
Ron Brownstein, the author of "The Second Civil War," cites a variety of structural reasons for intensified division. There has been a "sorting out" of the political parties, making each more ideologically uniform. Long, nasty presidential campaigns stoke our differences. Media outlets have become more partisan. Ideological interest groups have proliferated. Congressional leaders have changed the rules, making it easier to impose party discipline.
But Obama was supposed to be the antidote to the poison of partisanship. During the presidential campaign, chief strategist David Axelrod told Brownstein, "If there's an enhanced Democratic majority, I think that he's going . . . to urge a special sense of responsibility to try and forge coalitions around these answers, not because we won't be able to force our will in many cases, but because, ultimately, effective governance requires it in the long term."That makes last week's votes on the budget resolutions a landmark of ineffective governance. Not a single Republican in the House or Senate supported the bill, largely because the Democratic majo0rity forced its will. Republicans were flattened, not consulted. Democratic leaders talk of enacting controversial elements of the budget through the "reconciliation" process -- which would require 51 Senate votes, not the normal 60, for passage. Only in Washington would the word "reconciliation" refer to a form of partisan warfare.
In the words of The Messiah "I won".
More...
Tuesday, April 07, 2009
Obama hires Tommy Chong
Instead, the Obamunists have hired Kal Penn as "associate director in the White House Office of Public Liaison". Whatever that is.
I wonder if it entails heading to White Castle in the middle of the night stoned out of your mind.
I'm just glad they offed him on House.
Article here.
A lesson in fairness
Taxpayer A's tax liability, $16,679
Taxpayer B's tax liability, zero
The difference is basically lifestyle choices (kids, mortgages, etc).
Question. Should lifestyle choice result in a discrepancy this large? Is it fair? Why should one taxpayer subsidize the lifestyle of the other?
Gotta love bacon
The Law of Gravity
The Law of Relativity
and
The Law of Bacon; it makes everything taste good.
Now there's a medicinal purpose for bacon......
Researchers claim food also speeds up the metabolism helping the body get rid of the booze more quickly.Elin Roberts, of Newcastle University's Centre for Life said: "Food doesn't soak up the alcohol but it does increase your metabolism helping you deal with the after-effects of over indulgence. So food will often help you feel better.
"Bread is high in carbohydrates and bacon is full of protein, which breaks down into amino acids. Your body needs these amino acids, so eating them will make you feel good."Ms Roberts told The Mirror: "Bingeing on alcohol depletes neurotransmitters too, but bacon contains a high level of aminos which tops these up, giving you a clearer head."
Researchers also found a complex chemical interaction in the cooking of bacon produces the winning combination of taste and smell which is almost irresistible.
I'm starting to get that Homer Simpson drool thing going just reading this....
In fact, I think we should replace the five basic food groups we teach kids in school with the following.
Bread - Donuts
Vegetables - Pizza
Dairy - Cheesecake
Meat - Bacon
Fruit - Beer
Eat that diet, and you'll be every bit as slim and trim as 'ole Gordon here.
More...
Deep Thoughts
If the bank sends your check back with an "insufficient funds" stamp on it; does it refer to you or the bank?
.
Just don't build them near the Kennedy's
NIMBY as a Kennedy would say.
What ever got accomplished in a meeting?
And who do you think is the party of meetings?
I'm thinking democrats. Why? I can't think of one damn thing that ever got accomplished from a meeting.
Case in point, The Big O wants to handle Iran and North Korea's nuclear ambitions how?
By having some meetings.......
Barack Obama vowed to turn to the U.N. Security Council for strong action following North Korea's weekend missile launch. He would have done better by turning to Dr. Phil.So, as the good doctor likes to say: Get real. Get real about North Korea. Get real about the U.N. Get real, also, about NATO, arms control, Russia, the global financial system, and every other item headlining the president's unreality tour through the capitals of Europe.
Start with North Korea. What was the purpose of the missile test? Surely not (or not mainly) to showcase the efficacy of North Korean technology, which Dear Leader Kim Jong Il must have known was likely to fail. The real test conducted Sunday was of Mr. Kim's international position. And here he scored a direct hit.
At the U.N., China's ambassador counseled a "cautious and proportionate" response, which is tantamount to no response at all. Russia wondered, in a style worthy of Andrei Gromyko, whether Pyongyang had actually violated the terms of Resolutions 1695 and 1718, which demand, inter alia, that the North "not conduct any further nuclear test or launch of a ballistic missile." (My emphasis.)
But the greatest prize for Mr. Kim was the reaction from President Obama. "Rules must be binding," the president told his audience in Prague on Sunday. "Violations must be punished. Words must mean something." But how are words supposed to mean anything if all the administration proposes to do is offer up yet another resolution -- which is to say, more words?
To nobody's surprise (except, perhaps, Mr. Obama's) the Security Council has so far failed to agree on a resolution. But that's the U.N. for you, as opposed to a serious organization like NATO, at whose 60th anniversary summit in Strasbourg . . . nothing much was accomplished, either.
The only thing to ever come out of meetings is a commitment to more meetings.
Think about it, the UN has been having kick the can meetings on Darfur for the better part of a decade. How's that working out?
More....
Reminder
If you receive earned income credit, food stamps, subsidized housing, ADC, or any other government subsidy to just simply exist, consider yourself discriminated against.
As far as I'm concerned, I've already paid for your beer, drugs, lottery tickets, ipods, HD TV's and smokes.
In fact, you should come next week to buy our beers.
Democratic corruption du jour
Last month, I noted the connection between Stanford and Biden's sons, who run hedge funds (the anti Christ for all things socialist). In addition, Stanford has a nice tie to Chuck Schumer, Charles Rangel, et al.
I'm just guessing that if this were Dick Cheney's kids we'd be hearing more about it.
What's so "progressive" about corruption?
Monday, April 06, 2009
Deep thoughts
It seems to me that when you've already paid $400,000 in federal income tax through payroll withholding, you shouldn't still owe another $62,000.
.
A Nation of Moochers
As April 15 rolls around let us take a moment to recall why we Americans pay taxes: Because some of our country's good-for-nothing bums are too chicken to rob us at gunpoint. That would be members of Congress and the executive branch. How come we keep electing politicians who will tax the bejeezus out of us? Especially Democrats? At least Republicans are smart enough to lie about it.
We keep electing them because taxes are a pretty good deal. The American government will spend $3.6 trillion this year. There are 306 million of us Americans. We each get $11,765. Sure, we get it mostly in transportation pork projects, agricultural price supports, GM charitable contributions, the Marine Corps, and interest payments on Chinese T-bills when we'd rather get it in cash. But, still, $11,765 isn't bad. Let's say you're a family of five: a dad, a mom and three lovely, high-scoring kids participating in enough community service programs to pad their college applications. You're the kind of family we conservatives endorse. And you're getting $58,825. Even Republicans are on the dole. Dad (conservative women are proud to be stay-at-home moms) will have to make a pile of money to pay $59K in taxes so you can each get $11,765 from the government.
Although it is unclear just how big a pile of money Dad will have to make to ensure that he's feeding, housing, and grooming America for the future rather than sucking her teat.
For one thing there's the possibility that President Obama will make all income greater than the 2009 Madoff investor average return subject to punitive capitation. Also U.S. income taxes are so complex that even Secretary of the Treasury Timothy Geithner can't understand them. Plus we all cheat on our taxes (except for Timothy Geithner who can't understand his). Furthermore, personal income tax, Social Security, and Medicare exactions account for only 75 percent of federal receipts. Corporate taxes provide 13 percent, 6 percent is borrowed, and 6 percent comes from that $9 pack of Marlboros you just bought because April 15 is stressing you out.Pete Sepp of the National Taxpayers Union did some complicated mathematics and says, "By my reckoning, somewhere between 85 and 95 million households out of 115 million total have a smaller tax liability than the per-capita spending burden." The breadwinners for 18 to 26 percent of our households are shoveling coal in the engine rooms of the ship of state, while everybody else is a stowaway, necking with Kate Winslet like Leonardo DiCaprio in Titanic.
This is a must read for all of the economically challenged voters in this country.
Here
Obama speaks in circles
"If people in other countries cannot spend, that means they cannot buy the goods we produce here in America, which means more lost jobs and more families hurting. Just yesterday, we learned that we lost hundreds of thousands more jobs last month, adding to the millions we’ve lost since this recession began. And if we continue to let banks and other financial institutions around the world act recklessly and irresponsibly, that affects institutions here at home as credit dries up, and people can’t get loans to buy a home or car, to run a small business or pay for college."
So let me make sure we have this straight. Banks and financial institutions have acted "irresponsibly".
But now we need them to make loans they shouldn't have been making in the first place to get the economy revved up.
Even better, we need foreign countries to over consume so that we can buy cars and send our kids to college.
Huh
Thanks to Mark for the forwarded the link here.
Morons gain traction
A movement to bypass the Electoral College and elect the president based on the popular vote is gaining steam, racking up almost one-fifth of the support needed to trigger the plan.National Popular Vote, a California-based group formed in 2006, has won commitments from four states to award their electoral votes to the winner of the popular vote. Those four states — Maryland, New Jersey, Illinois and Hawaii — have 50 electoral votes among them.
The goal is for states with a total of 270 electoral votes to enter into a compact in which they agree to give their electoral votes to the winner of the popular vote.
If you ever needed a good reason for the electoral college, just look at the Minnesota senatorial race.
Multiply that mess by 50 and that is what you would have in a close presidential popular race.
When morons win.
more....
If this isn't socialism, what is?
Here's a true story first reported by my Fox News colleague Andrew Napolitano (with the names and some details obscured to prevent retaliation). Under the Bush team a prominent and profitable bank, under threat of a damaging public audit, was forced to accept less than $1 billion of TARP money. The government insisted on buying a new class of preferred stock which gave it a tiny, minority position. The money flowed to the bank. Arguably, back then, the Bush administration was acting for purely economic reasons. It wanted to recapitalize the banks to halt a financial panic.Fast forward to today, and that same bank is begging to give the money back. The chairman offers to write a check, now, with interest. He's been sitting on the cash for months and has felt the dead hand of government threatening to run his business and dictate pay scales. He sees the writing on the wall and he wants out. But the Obama team says no, since unlike the smaller banks that gave their TARP money back, this bank is far more prominent. The bank has also been threatened with "adverse" consequences if its chairman persists. That's politics talking, not economics.Think about it: If Rick Wagoner can be fired and compact cars can be mandated, why can't a bank with a vault full of TARP money be told where to lend? And since politics drives this administration, why can't special loans and terms be offered to favored constituents, favored industries, or even favored regions? Our prosperity has never been based on the political allocation of credit -- until now.
More....
Keeping poor people poor
For some reason, "progressives" seem intent on protecting that monopoly when they would dare protect any other monopoly.
From the WSJ
Education Secretary Arne Duncan did a public service last week when he visited New York City and spoke up for charter schools and mayoral control of education. That was the reformer talking. The status quo Mr. Duncan was on display last month when he let Congress kill a District of Columbia voucher program even as he was sitting on evidence of its success.In New York City with its 1.1 million students, mayoral control has resulted in better test scores and graduation rates, while expanding charter schools, which means more and better education choices for low-income families. But mayoral control expires in June unless state lawmakers renew it, and the United Federation of Teachers is working with Assembly Speaker Sheldon Silver to weaken or kill it.
President Obama's stimulus is sending some $100 billion to the nation's school districts. What will he demand in return? The state budget passed by the New York legislature last week freezes funding for charters but increases it by more that $400 million for other public schools. Perhaps a visit to a charter school in Harlem would help Mr. Obama honor his reform pledge. "I'm looking at the data here in front of me," Mr. Duncan told the New York Post. "Graduation rates are up. Test scores are up. Teacher salaries are up. Social promotion was eliminated. Dramatically increasing parental choice. That's real progress."
What's so "progressive" about keeping poor kids in poor schools?
Spring is here
It doesn't matter when the calendar says spring is. It starts with the first pitch.
Sunday, April 05, 2009
Do high taxes spur growth?
If taxes are so wonderful, how is it that the 10 highest taxed states almost mirror the states having the roughest economic times.
Here's a list compiled by ultra conservative news network, MSNBC......