“I think we have to find a way to hold people accountable for paying for their health care."
-- Newt Gingrich, quoted here
Monday, May 16, 2011
No Newts in 2012
Everybody's piling on today. ThinkProgress.org on the left is one, with links to some of the righties joining on the pile, here. George Will notably on Sunday called his an unserious candidacy. Indeed.
Does Newt really expect us to believe that his different version of a healthcare mandate is any less radical than Obama's, or than Rep. Paul Ryan's proposed entitlement reforms for that matter?
Newt evidently also thinks that his long history of flip-flops, detailed by The Weekly Standard, doesn't matter in the new world of Obama's promises with expiration dates.
Sunday, May 15, 2011
Need for Cooling Water at Fukushima Reactors Due to Leaks, Not Boil-Off
Leaks in the pressure vessels themselves, where the fuel is. In other words, perhaps three of the reactors are technically in a state of meltdown and breached containment.
This appears to be the conclusion this week, ever since repair of a water gauge has resulted in data showing that the water is disappearing at a faster rate than otherwise expected, and apparently accumulating in the lower levels of the plant, in the turbine buildings. Radiation levels where the water is pooling are said in a Wall Street Journal story to be in the range of 1 to 2 Sieverts per hour. A two hour exposure at such levels would kill you in 30 days.
Scientific American has these details via Reuters:
"There must be a large leak," Junichi Matsumoto, a general manager at the utility [TEPCO] told a news conference.
"The fuel pellets likely melted and fell, and in the process may have damaged...the pressure vessel itself and created a hole," he added.
Since the surface temperature of the pressure vessel has been holding steady between 100 and 120 degrees Celsius, Matsumoto said the effort to cool the melted uranium fuel by pumping in water was working and would continue.
VESSEL HAS A HOLE
Based on the amount of water that is remaining around the partially melted and collapsed fuel, Matsumoto estimated that the pressure vessel had developed a hole of several centimeters in diameter.
Read the full story, here.
Newt Thinks Paul Ryan is a Right Wing Radical
Here.
If Jack Kemp were alive to hear that, he'd have died of a heart attack on the spot after the laugh heard round the world. PAUL RYAN REPRESENTS THE MIDDLE.
I suppose declaring independence from Great Britain would have been too radical for Newt, too.
Is this what happens to conservatives when they become Catholics?
Bank Failures By Year
2000: 002
2001: 004
2002: 011
2003: 003
2004: 004
2007: 003
2008: 025
2009: 140
2010: 157
Year to Date 2011: 40
Saturday, May 14, 2011
The Line of the Day from Real Clear Politics
"I heard the line was too long so Osama gave up."
-- kegan05, comment in response to:
George Bush: The Smug Head Speaks
Just recently, here:
Bush said US foreign policy needs to continue to promote the ideas of democracy and freedom as a way to combat global terrorism.
"The long-term solution is to promote a better ideology, which is freedom. Freedom is universal," Bush said.
The problem is that 1.57 billion people around the world, who value submission as a way of life over freedom, would not agree.
Fighting ideology with ideology is not the solution.
Friday, May 13, 2011
Manufacturing Jobs Have Tanked to Levels Last Seen in the 1940s
The declines under W and under Obama have been precipitous, after three decades of relative continuity.
The jobs all went to China. I love my fancy stainless steel All-Clad cookware made there. Unfortunately I can't afford the steak I'd like to cook in it.
"And they shall beat their cookware into swords, and their patio furniture into spears, and nation shall lift up the sword against nation, and they shall learn to make warfare evermore."
Allegations Planned Parenthood Complicit in Covering Up Child Rape in Kansas
As reported here:
During 18 months in 2002 and 2003, Planned Parenthood and Tiller performed 166 abortions on girls aged 14 or younger, yet state agencies had only one report of statutory child rape from each. Why weren't they reporting clear cases of child rape, as required by law?
Pompous Senators Rake in 18.4 Cents For Every Gallon of Gas Sold . . .
. . . while states take in 20.6 cents!
And they begrudge Exxon 7 cents a gallon in profits?
Jerks! Government is the biggest gasoline profiteer!
If Healthcare is a Right, a Doctor Becomes a Slave
A point we have made in the past:
"With regard to the idea of whether you have a right to health care, you have realize what that implies. It's not an abstraction. I’m a physician. That means you have a right to come to my house and conscript me. It means you believe in slavery."
-- Senator Rand Paul, quoted here
Tuesday, May 10, 2011
Obama Sent Planes to Mexico to Fight Fires, But Wouldn't Help Texas
Military C-130s were sent to stop Mexico's fires in April, as reported here, but Texans didn't get a federal declaration of disaster for their recent fires, as reported here.
Obviously, Mexico provides Obama with more votes than Texas.
Showing no favor to worthy people: one of the marks of a tyranny. And another is like it, from Aristotle: "The guards of a tyrant are foreigners."
Showing no favor to worthy people: one of the marks of a tyranny. And another is like it, from Aristotle: "The guards of a tyrant are foreigners."
Leftist FDL Slams Obama for Kicking Housing Can Down the Road
And rightly so:
The design of HAMP simply kicked the can down the road. It was never designed to be a durable solution for the housing market. And we’re seeing the results: four years after the housing crash, prices keep dropping, distressed properties keep popping up on the market, and people keep losing their homes.
It also shows how the homebuyer’s tax credit was a useless giveaway to people wealthy enough to buy homes, which did nothing to alter the fundamentals of the housing market.
The rest is worth reading, too, here.
Monday, May 9, 2011
Five Radiation Monitoring Posts in Fukushima Prefecture Still Above 10 MicroSv/hr
Post #32: 20.1 microsieverts/hour
Post #33: 15.3
Post #79: 10.2/10.7
Post #81: 18.4
Post #83: 43.8/43.4
(source)
Sunday, May 8, 2011
Radiation Conditions at Fukushima Daiichi Nuclear Plant Still 154-3700 Times Normal
On May 7th, 2100 hours, Japan time:
408 microSv/h at the south side of the office building;
45 microSv/h at the Main gate;
17 microSv/h at the West gate.
Saturday, May 7, 2011
How We Punish Determines Who We Are
A concept I have not found discussed anywhere in the wake of the "bin Laden" execution, except here at Salon by Glenn Greenwald.
The reason? Only about 14 percent of you give a damn.
If the US Navy Seals were sent to take no prisoners, how are we any different than bin Laden?
If the US Navy Seals were sent to take no prisoners, how are we any different than bin Laden?
"Narrow is the gate and difficult the way that leads to life, and few there be that find it."
Friday, May 6, 2011
Is SITE Monitoring Service Credible in Report of Al Qaeda Confirming Death of Osama?
There's at least one person who doesn't think so:
SITE is a US military-industrial complex front and has been caught red-handed releasing fake Al-Qaeda tapes on numerous occasions.
The SITE organization is nothing more than a contractor for the US government, receiving some $500,000 a year annually from Uncle Sam, the majority of which is paid for by US taxpayers. The group was founded by Rita Katz, the daughter of an executed Israeli spy. Katz has worked closely with the Department of Justice, Department of the Treasury, and the Department of Homeland Security.
Bin Laden Waited Until The Very Last Moment To Lunge For a Weapon?
That's what you have to believe if you accept your government's explanation, which seems even more incredible now that we have this from a morally challenged US Senator:
US commandos missed with their first shot a[s] the world’s most wanted man poked his head out of a third-floor room in his fortress, according to US Sen. Saxby Chambliss, the ranking Republican on the Senate Intelligence Committee.
Bin Laden ducked back in, and the Navy SEALS quickly followed and finished the job, Chambliss said in a telephone interview this afternoon.
The job? Try execution.
Much more here.
"A murder committed by uninvited American troops on foreign soil, illegally"
Bob Ellis rips us a new one:
"And Osama Bin Laden was buried at sea. Full fathom five thy father lies. Of his bones are coral made. Those are pearls that were his eyes. Imagine Hitler, buried at sea. Or Trotsky. How stupid can they be?"
"Al Qaeda Confirms bin Laden Death." Unless, of course, That's an NSA Operation.
One lie is as good as the next one.
"Al Qaeda confirmed the death of Osama bin Laden Friday in an Internet message that vowed revenge on the United States and its allies, including Pakistan, according to the SITE monitoring service."
As reported here via Reuters.
Thursday, May 5, 2011
My Favorite Made Up Story About the Abbottabad Assault
As soon as they realised what was happening, Bin Laden’s guards opened fire from the rooftop with rocket-propelled grenades and apparently managed to shoot down one of the Black Hawks.
Univ. of Michigan Ph.D. Doesn't Know His Principles From The Principal
Honestly, I don't go looking for these mistakes, I just happen to find them somehow! That I find them so broadly distributed and at the supposedly highest levels is a bad sign of an accelerating cultural decline.
". . . Bell’s principle concern in the chapter is to correct some popular misconceptions . . .."
It is a popular misconception that there is mastery of knowledge apart from mastery of the language with which one expresses it.
Go to the principal's office at once!
(source)
A Lovely Grammatical Error, By a So-Called Associate Professor
". . . including one recently convened by my colleagues and I from Baylor University's Institute for Studies of Religion . . .."
Seen here, by I.
Savage Asks: Why Now? Why Get "bin Laden" on Sunday?
To wipe the royal wedding off the news cycle, because Obama wasn't invited. The I-Me-My-Narcissist excuse.
Sorry, nice dig, but too short-sighted, and it underestimates the size of that narcissistic ego, whose fortunes all hinge on race. If Obama suddenly appeared white, it would all be over in an instant.
Re-election is the goal. Ending the war in Afghanistan is the one obstacle he can still affect. The end of "bin Laden," who may well have died long ago, leads easily to closure of that debacle. Alexander the Great might have concluded as much, who got bogged down and fought until he was tired, and needed to move on.
So find a victory, declare it, and get the hell out.
The original plan had called for the first withdrawals, after the ramp-up, "the surge," to begin this summer. The "bin Laden" victory in May provides the necessary praeparatio to start them. Ending America's longest war "successfully" will make Obama popular with the troops and with the people, who all are weary.
"Bin Laden" Had Plenty of Time to Arm Himself as Others Were "Eliminated"
The "lunge" for a weapon when faced with a US Navy Seal in the doorway is pure fantasy. He had plenty of time to prepare with a weapon as the systematic assault unfolded.
How about a lunge for cover instead, and a bullet in the back of the head as he went?
And in a revelation which appears to lend weight to the claims in Pakistan, a senior US defence official told reporters that only one of the five people killed in the raid that took down Osama Bin Laden was armed and ever fired a shot.
And the official said the shooter was killed in the early minutes of the commando assault, in an account that differs greatly from the original reports which portrayed a chaotic, prolonged firefight amid stiff resistance.
The new details emerged after officials debriefed the Navy Seals who pulled off the raid in Pakistan.
He said the operation was a precision, floor-by-floor mission through Bin Laden's compound where all of the others encountered were not carrying weapons and were quickly eliminated.
. . . Especially if the US Navy Seal Shot "bin Laden" in the Back of the Head
"It is important for us to make sure that very graphic photos of somebody who was shot in the head are not floating around as an incitement to additional violence or as a propaganda tool."
-- Obama, quoted here
A caller to Rush Limbaugh today suggested, on the analogy of the headshot to JFK, that the exit wound is the problem here, not the entry wound.
News Organizations Tip-Toe Up to Fact of White House Incompetence and Lies
Even the gullible UK Daily Mail has noticed:
The raid on Bin Laden's lair has been the focus of a constantly changing stream of information from the White House.
So has the normally compliant Reuters:
US accounts of what happened have changed throughout the week, and initial characterizations of a 40-minute gun battle have given way to officials being quoted as saying only one of the five people who were killed had been armed.
AP Report Shows Obama Intended to Kill, Not Capture: Only One Was Armed
This was a state sanctioned murder of unarmed combatants, which Obama and his attorney general have insisted in the past be treated as civilian criminals. So not only were his actions illegal and contrary to the American values he has claimed to defend, his actions were contrary to his own definition of those values:
Only one of the five people killed in the raid that got Osama bin Laden was armed and fired a shot . . ..
As the Navy SEALs moved into bin Laden's compound, they were fired on by bin Laden's courier, who was in the guesthouse, the official said. The SEALs returned fire, and the courier was killed, along with a woman with him. ...
The Americans were never fired on again as they encountered and killed a man on the first floor and then bin Laden's son on a staircase, before arriving at bin Laden's room. Officials have said bin Laden was killed after he appeared to be lunging for a weapon.
The complete story is here.
Obama Would Tax You By The Mile If He Could
Obama is trying to figure out yet another way to tax Americans:
The Obama administration has floated a transportation authorization bill that would require the study and implementation of a plan to tax automobile drivers based on how many miles they drive.
Read the rest here.
"It is necessary [in a tyranny] also to multiply taxes, as at Syracuse; where Dionysius in the space of five years collected all the private property of his subjects into his own coffers."
-- Aristotle, Politics
Wednesday, May 4, 2011
Leon Panetta to the Rescue: Implicates Live Feed Breakdown for Ignorant Statements
See the video here:
"[T]here was a time period of almost 20 or 25 minutes where we - you know, we really didn't know just exactly what was going on . . .."
Live Feed From Abbottabad Assault Was Cut Off For 25 Minutes
The White House was blind during that whole time:
Leon Panetta, director of the CIA, revealed there was a 25 minute blackout during which the live feed from cameras mounted on the helmets of the US special forces was cut off.
Full story here.
The President Lied to the World on Sunday Night
“After a firefight, they killed Osama bin Laden and took custody of his body.”
There was no firefight. There were no weapons in the compound. The only fire came from US Navy Seals, ordered (unlawfully) to execute "Osama."
Waterboarding, no.
Execution of an unarmed combatant, yes.
Impeachable offenses, yes.
The Petty Tyrant Stiffs The Free Republic of Texas, Twice
No space shuttle, no fire disaster aid.
Story here.
"A tyrant also should show no favour to a man of worth or a freeman; for he should think, that no one deserved to be thought these but himself; for he who supports his dignity, and is a friend to freedom, encroaches upon the superiority and the despotism of the tyrant: such men, therefore, they naturally hate, as destructive to their government."
-- Aristotle, Politics
"A tyrant also should show no favour to a man of worth or a freeman; for he should think, that no one deserved to be thought these but himself; for he who supports his dignity, and is a friend to freedom, encroaches upon the superiority and the despotism of the tyrant: such men, therefore, they naturally hate, as destructive to their government."
-- Aristotle, Politics
The UK Daily Mail Totally Falls For Obama's Lies
Story here:
My favorite whopper is point 5: Commandos dodge bullets as Osama fires AK47 from bedroom window.
That's rich.
White House Admits "bin Laden" was Unarmed
This was a lawless, assassination, mission, pure and simple, committed by a tyrant and the agents of a tyrant:
MR. CARNEY: And I want to make clear that is, again, information that is fresh, and we will continue to gather and provide to you details as we get them and we’re able to release them.
The resistance was throughout. As I said, when the assaulter entered the room where Osama bin Laden was, he was rushed by one individual in the room, and the resistance was consistent from the moment they landed until the end of the operation.
Yes.
Q Jay, just to follow up, how did Obama -- excuse me, Osama bin Laden resist if he didn’t -- if he didn’t have his hand on a gun, how was he resisting?
MR. CARNEY: Yes, the information I have to you -- first of all, I think resistance does not require a firearm. But the information I gave you is what I can tell you about it. I’m sure more details will be provided as they come available and we are able to release them.
Q Did he have any weapon?
MR. CARNEY: He was not armed, is what I understand to be true.
Bin Laden and Company Had No Weapons
So says Al Arabiyah News here:
Similarly, according to information Pakistani officials collected from detained persons, Osama was neither armed nor did inmates at the compound fire at the US choppers or commandos.
“Not a single bullet was fired from the compound at the US forces and their choppers. Their chopper developed some technical fault and crashed and the wreckage was left on the spot,” a well-informed official explained.
Koran Burning Endangers Soldiers, But Assassinating bin Laden Won't?
Let's see, how many US officials pressured Rev. Jones about the meaningless, symbolic insult?
Jones had been under pressure from the U.S. government to cancel the protest. President Barack Obama, Defense Secretary Robert Gates, Gen. David Petraeus and others had warned that the protest could bring attacks against U.S. troops in Afghanistan and elsewhere.
Earlier Thursday, Obama implored Jones to call off his Quran-burning "stunt," telling ABC's "Good Morning America" in an interview aired Thursday that he hopes Jones listens to "those better angels."
"And as a very practical matter, I just want him to understand that this stunt that he is talking about pulling could greatly endanger our young men and women who are in uniform," Obama said.
Oh, but that was then. This is now.
"Waterboarding is Evil, But Shooting an Unarmed Man in the Head is OK"
Heard on "Don Wade and Roma" this morning.
Tuesday, May 3, 2011
Monday, May 2, 2011
The Purpose of War in a Tyranny
"A tyrant also should endeavour to engage his subjects in a war, that they may have employment and continually depend upon their general."
-- Aristotle, Politics
Famous Last Words: I Don't Believe That Story About . . .
From The Outlaw Josey Wales:
FLETCHER: I don't believe that story about Josey Wales.
TEN SPOT: You don't?
FLETCHER: No sir, I don't. I don't believe no five pistoleros could do in Josey Wales.
ROSE: Maybe it was six. Could have even been ten.
FLETCHER: I think he's still alive.
TEN SPOT: Alive? No sir.
FLETCHER: I think I'll go down to Mexico to try to find him.
JOSEY: And then?
FLETCHER: He's got the first move. I owe him that. I think I'll try to tell him the war is over.
FLETCHER: What do you say, Mr. Wilson?
JOSEY: I reckon so. I guess we all died a little in that damn war.
Obama is a leech . . .
. . . and the IRS can go audit itself.
Oh the delights we enjoy from PJ O'Rourke, here, who proposes a 35 percent tax on the federal budget, which will eliminate its current deficit. Problem solved!
Have another beer!
Income Taxes are for Chumps, Capital Gains Taxes are for the Rich
[Bruce] Bartlett, a former member of the Reagan White House, isn’t against the wealthy paying higher taxes. He’s that rare conservative who thinks higher taxes need to be part of the deficit debate. His beef? It’s a hollow gesture to say the federal government should raise the tax rate on the country’s top wage earners when the likes of Zuckerberg have most of their wealth tied up in stock. Many of the super-rich see virtually all their income as capital gains, and capital gains are taxed at a much lower rate—15 percent—than ordinary income.
More here!
"The most significant achievement to date in effort to defeat al Qaeda"
From the president's remarks about Osama:
I can report
I directed
I was briefed
I met repeatedly with my national security team
I determined
Today, at my direction
I've made clear
I've repeatedly made clear
Tonight I called
my team has also spoken
These efforts weigh on me every time I as commander in chief
Let me say.
How Convenient
Kill "Osama" on May Day, and bury him quickly out of respect for Islamic law, at sea because no one would take the body. Like Pakistan hadn't already had it for years, albeit alive.
Next will be the announcement that since we've achieved our objectives, we're pulling out of Afghanistan.
Re-election can't be far behind.
Oh the money he'll now be able to spend.
Sunday, May 1, 2011
Government Revenues in 2008 were $2.5 Trillion
Government revenues in 2008 came from the following taxes:
Individual income taxes -- $1.14 trillion; (IRS data is slightly different at $1.03 trillion)
Social insurance taxes -- $0.9 trillion; (earnings beyond $107,000 or so are not fully taxed for this)
Corporate income taxes -- $0.3 trillion; (think GE!)
Other -- $0.1 trillion; (think?)
Sales and excise taxes -- $0.06 trillion; (think gasoline)
Total -- $2.5 trillion. Not enough by a long shot, under Obama, Pelosi and Reid.
So whattayawannado? Raise taxes to pay for the new spending under these bums, or get rid of the bums?
So whattayawannado? Raise taxes to pay for the new spending under these bums, or get rid of the bums?
(source)
Doh! We Tax the Rich Because That's Where The Money Is, Knucklehead.
Per Census.gov here, these are the income limits by each quintile of 23,507.6 households in 2009:
Lowest: up to $20,453
Second: up to $38,550
Third: up to $61,801
Fourth:up to $100,000
Fifth: $100,000+.
That means 80 percent of the country, about 94,030 households, makes $100,000 per year or less.
We know from IRS data that earners reporting adjusted gross incomes of approximately $67,000 or less in 2008, totaling $2.8 trillion in AGI, represented 105 million tax returns out of 140 million total. They are the bottom 75 percent of tax returns in the country, a rough proxy for the first 4 of the 5 income quintiles.
Using back of the envelope estimates, perhaps another 7 million more tax returns represent the rest of the territory up to $100,000, and AGI of another $0.6 trillion, meaning that the first 4/5 of the country contributes AGI of about $3.4 trillion.
Roughly 28 million tax returns would then round out the top quintile, with AGI of approximately $5 trillion. It is certain that 14.4 million of these returns account for $3.9 trillion of AGI, the top 10 percent of earners.
Thus one can estimate that tax returns from the top quintile have something like 6 times the AGI per return compared with the returns of all the quintiles below them taken together.
About 80 percent of the earners have 40 percent of the income, while the top 20 percent of the earners have 60 percent of the income.
That's where the money is.
Saturday, April 30, 2011
Politico Reports Boston Globe Reporter Had Obama INS Files Since 2009
So The Boston Globe spiked the story?
Politico doesn't say. So inquisitive are they.
So inquisitive, in fact, that they don't notice that the details in the release contradict Obama's often repeated story about his earliest childhood.
Others have noticed.
Politico's story is simply participating in the administrations's diversion strategy, focusing on the fact that Obama Sr. was prodded out of the country by Harvard.
Friday, April 29, 2011
Gas at Sam's Club Grand Rapids, MI, Now Tops 4 Bucks a Gallon
And I just filled both cars there two days ago at $3.999/gallon:
Patriots Switched to Coffee, Loyalists Stayed with Tea
"The Boston Tea Party is usually mentioned as nothing more than a humorous anecdote but its significance was profound and affected American cultural mores as deeply as the impetus it gave to revolutionary fervor in New England and later throughout the thirteen colonies. Anti-tea literature and boycotts swept the colonies and provided an emotional catharsis which every would-be patriot could share in by switching from tea to coffee."
-- Norman Berdichevsky here
Why Obama Revealed His Certificate of Live Birth This Week
Because he wanted to divert attention from a different, unavoidable, embarrassing revelation.
What revelation is that?
The revelation disclosed here as a result of a Freedom of Information Act request.
Namely, that the narrative Obama has been telling about the first two years of his life is a lie. His mother and father never lived together with Barack Jr. as a family. She went to Washington State. Obama Sr. stayed in Hawaii and left for Harvard before the future president turned one, not when he was two. The marriage itself might be in question.
Everyone is consumed by the release of the Certificate of Live Birth, but not with the truth behind it.
Obama is skillfully playing this out, no doubt on the advice of counsel, to divert, dissemble and distract.
See the discussion here.
Over a Million Apply for 50 Thousand Burger Flipping Jobs
Some recovery.
I'm sure the president is going to think long and hard about the hapless 950,000 or so, between sips at the Wednesday night parties, and between shots on the fairway on the next weekend golf outing.
It's hard work being president. Just ask George Bush.
Fukushima Daiichi Nuclear Plant Radiation Conditions
As of 0900 on April 29, Japan time:
438 microSv/h at the south side of the office building;
49 microSv/h at the Main gate;
19 microSv/h at the West gate.
More here.
Concrete Pump with 58 Meter Boom Replenishes Water at Fukushima Unit 4 Pool
Presumably one like this:
Another news report here said a 70 meter version was being dispatched.
The Fukushima Daiichi Unit 4 used fuel pool has needed nearly 1300 cubic meters of water over 13 days from April 13-25, according to this update. That number is consistent with, but about 200 cubic meters lower than, the predicted boil-off rate for the period in question:
Unit 4 pond contains a total 1331 used assemblies (783 plus full fuel load of 548), giving it a heat load of about 3 MW thermal, according to France's IRSN, which in that case could lead to 115 cubic metres of water boiling off per day, or about one tenth of its volume. ...
The pond at unit 4 is the main focus of concern now. It needs continual top-up with water, but at the same time there is concern about the structural strength of the building, which has been weakened either by the earthquake or the hydrogen explosion. Some 195 m3 was added to the pond on 13 April, about 20% of its capacity, and another 140 m3 on 15 and also on 17 April, by concrete pump. Another 100 m3 went in on 20 April, then 200 m3 on 22nd, 140 m3 on 23rd, 165 m3 on 24th and 210 m3 on 25th. Temperature has been up to 90°C and water level 5 metres down. It is not clear whether the main water loss is from leakage or boiling. However, Tepco reports that analysis of radionuclides in water from the used fuel pool of unit 4 suggests that some of the fuel assemblies there may have been damaged, but the majority are intact.
Thursday, April 28, 2011
I'm Flooring It and I'm Only Going 1.8
Thanks for the inspiration:
1.8 percent GDP growth in the face of massive stimulus is the equivalent of your car sputtering down the highway at 45 miles per hour while you have the gas pedal floored.
Read more from Henry Blodget here.
After Two Years, Bear David Rosenberg Finally Throws in the Towel
“This is not about throwing in the towel; it is an acknowledgement of what the market internals are flashing at the current time from a purely tactical and technical standpoint.”
“The (US dollar) is on a one-way ticket south and so far has been orderly—will that be sustained is anyone’s guess."
“For now it is being viewed as fodder for the global liquidity and risk-on trades.”
"[The tech rally] is a clear sign that the big boys are putting money to work."
“Market internals are too strong to ignore right now—NYSE advancers beat decliners by a 3-to-1 ratio (Tuesday); the Dow transports soared 1.9 percent; and the small caps beat their major benchmarks."
“My overall macro concerns have not gone away, but these market facts on the ground are tough to ignore.”
-- David Rosenberg, quoted here
Q1 2011 Advance Estimate of GDP Slows to 1.8 Percent
From 3.1 percent in Q4 2010. Yikes.
So reports the BEA here.
In 2009 we were down 2.6 percent, in 2010 up 2.9 percent on the federal intravenous drip.
Drip. Drip. Drip.
In 2009 we were down 2.6 percent, in 2010 up 2.9 percent on the federal intravenous drip.
Drip. Drip. Drip.
Rush Limbaugh Can't Think Before 1913
"Look, in a classic sense, Trump's not a conservative, folks. You don't promise to raise tariffs on the ChiComs 25%. That's not conservative. (interruption) People understand this, Snerdley. You remember when George W. Bush threatened to raise tariffs on imported steel, there was an outcry. No, you don't raise taxes, period. That's not the way to deal with it. That's protectionism. Smoot-Hawley. It's a death wish. This is why I'm always worried about populism. Populism is not conservatism."
-- Rush Limbaugh, 27 April 2011 (here)
"Tariffs were the largest source of federal revenue from the 1790s to the eve of World War I, until it was surpassed by income taxes."
-- "Tariffs in United States History" (here)
"The magnitude of the tariff shock in the Smoot-Hawley legislation . . . was simply not large enough to trigger the kind of economic contraction experienced after 1930."
-- Douglas A. Irwin (quoted here)
The baneful influence of doctrinaire libertarianism on conservatism continues . . . in the voice of Rush Limbaugh.
America's Biggest Pair of Boobs
 |
| the left one is bigger |
 |
| the right one just thinks it is |
Notice the wide
cleavage→→→→→→→→→→→→→→→→→→→→
Wednesday, April 27, 2011
May We See The Certificate Of Live Birth Number Now On The Certification?
Ask Snopes.
A Certificate of Live Birth has been released by The White House. Shouldn't the Certification above reference this by its number? Did it match? Let's see it. Let's authenticate it.
61-10641?
61-10641?
Government Aid Swells to 18.3 Percent of Income in 2010
Dennis Cauchon reports for USA Today, here:
A record 18.3% of the nation's total personal income was a payment from the government for Social Security, Medicare, food stamps, unemployment benefits and other programs in 2010.
Wages accounted for the lowest share of income — 51.0% — since the government began keeping track in 1929. ...
From 1980 to 2000, government aid was roughly constant at 12.5%.
Tuesday, April 26, 2011
33 Percent of Voters Have Ties to Tea Party
As of early April, per Rasmussen, here, which also says that percentage hasn't moved since December.
Monday, April 25, 2011
Our Enemy, David Stockman, Wants Higher Taxes on the Middle Class
We already know David Stockman wants to turn home owners into renters.
Now his first words out of the box for The New York Times, here, call for raising taxes on the middle class, as if the middle class had any money:
IT is obvious that the nation’s desperate fiscal condition requires higher taxes on the middle class, not just the richest 2 percent.
Mr. Stockman affects displeasure with class warfare in others while himself engaging in it, on behalf of the speculators who enriched themselves for years at the expense of Americans' primary store of wealth: their homes.
But our world is not shaped by the top 2 percent of earners, and everyone else below them "the middle class." This sort of nonsense plays as well at a White House prayer breakfast as it does at the country club, where everyone is middle class for purposes of public discussion, which is why The Times is happy to put up a former (was he ever one?) conservative to say what it doesn't have the courage to say openly.
Having screwed us out of our housing wealth, they're next target is our declining American paycheck.
And unless the Fed wants to ruin the value of the dollar . . . Mr. Stockman tellingly opines later in the piece, revealing how miserable is his grasp of the utter failure of The Federal Reserve since its inception. What do you mean, "unless?" The 1913 dollar is today worth about 4 cents. I'm sure Americans will be happy to surrender 100 percent of their paychecks to the government when the dollar goes to zero.
No, the middle income quintile in America is just 35 million tax returns strong, with a paltry $1.7 trillion in adjusted gross income. To eliminate our annual budget deficits under the big spending liberals like Obama, Pelosi and Reid, Mr. Stockman would have to confiscate 100 percent of this middle class money. Comrade David Stalin might as well starve us all to death, or line us up against the wall and shoot us.
Is there enough money below them?
Where the two lowest income quintiles dwell there are 70 million tax returns with even less money: $1.1 trillion in AGI.
At the top in America are 35 million tax returns with $5.6 trillion in AGI resting on these 105 million with $2.8 trillion in AGI. The 105 million are getting crushed.
The very top 14 million carry the most weight, with $3.8 trillion in AGI.
Even if we imagined raising taxes on the middle class meant we increased taxes on the 21 million tax returns in the upper middle and lower upper class, the pile of money available there for Mr. Stockman's extraction efforts barely beats that available in the real middle class at $1.8 trillion in AGI.
The big money is concentrated at the top, for a multitude of reasons, despite the on-going lies from The Wall Street Journal, Rush Limbaugh, Sean Hannity, and now David Stockman. That's why President Obama's rhetoric about increasing taxes on the wealthy plays so well with the American people. It's the secret of his success.
By overwhelming numbers Americans support increasing taxes on "the rich." Despite all the success of the Tea Party in the US House, the American people obviously still haven't made the connection between the president and the Democrats and the massive revenue shortfalls. The shortfalls exist not because taxes aren't high enough. They exist because of massive new overspending.
That Mr. Stockman attempts to exploit the failed connection, perceiving that an opening yet remains, to confuse, obfuscate and lie, tells you all you need to know about him. Like the rest of our elites, he hates the Tea Party.
Right back atcha, David.
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