Friday, September 25, 2015

Politico lies about what John Boehner and Barack Obama accomplished together


"But [Boehner's] tenure will also be remembered for his complicated relationship with President Barack Obama. He and Obama tried — but repeatedly failed — to cut a deal on a sweeping fiscal agreement."

Boehner got the Bush tax cuts made permanent, and under a Democrat president no less, something Bush couldn't do while he himself was president. If I were Politico I wouldn't mention it, either.

Boehner also got the fix to the Alternative Minimum Tax made permanent, something which eluded Republicans for decades, again under a Democrat president.

Passed at the very opening to 2013, the stock market boomed as a result, tax revenues recovered and the dollar soared from 80 to 95ish today, helping to tank oil prices, for which each and every American should be grateful everytime he fills the gas tank.

"Repeatedly failed"?

Utter nonsense.


John Boehner to resign at the end of October

Story here.

Better to resign than face the mutiny?

Thursday, September 24, 2015

German Americans still the largest ethnic group in 2013 at 46 million

The Economist reported here in February:

German-Americans are America’s largest single ethnic group (if you divide Hispanics into Mexican-Americans, Cuban-Americans, etc). In 2013, according to the Census bureau, 46m Americans claimed German ancestry: more than the number who traced their roots to Ireland (33m) or England (25m). In whole swathes of the northern United States, German-Americans outnumber any other group (see map). Some 41% of the people in Wisconsin are of Teutonic stock.


That figure is down from 51 million before 2009 and from 50 million in 2009, so evidently the German American population is declining by about 1 million per year. 


Walls work: The pope's Vatican has a population of 8 people per acre, Manhattan 109

People who live in walled states shouldn't throw stones, even if they have plenty.

Trump's critics of his investment success need to get a new calculator, and some brains

This morning on the Chris Plante Show on WMAL a caller complained that Trump inherited $200 million and that anyone could have $10 billion after 30 years, too, just by investing in a CD.

Chris Plante said "that's some CD"!

This meme is now ubiquitous in the media critical of Trump, and while not as obviously silly as this morning's example the critics nevertheless display remarkable investment ignorance.

Grant for a moment that Trump inherited $200 million, and keep in mind that that is the upper end of the estimates, which go as low as $40 million. Also keep in mind it's mostly real estate, not cash, not stocks, not bonds, a completely different business.

$200 million invested in the S&P 500 for 30 years from 1985 to 2015 yielded $4.2 billion, or just 42% of the net worth Trump claims to have accumulated over the period. The actual average nominal rate of return for the S&P 500 was 10.75% per annum, dividends fully reinvested. The $10 billion net worth claim, on the other hand, represents an annual net rate of return of 13.93%, again assuming the investment of $200 million, almost 30% better every year than what the S&P 500 actually yielded. But again, the S&P 500 return is not net. You still have to deduct taxes, inflation and expenses from that, which is an individual calculation and highly variable, and in New York can be quite onerous. 

On the other end of the scale, the investment of $40 million becoming $10 billion is the equivalent of a net return of 20.21% per annum, 88% better than the S&P 500 nominal return every year on average.

The truth probably lies somewhere in between, but no matter how you cut it, Donald Trump capitalized on what he was given in a way which has been exceptionally more successful than what most people ever experience.

He's Yuge.

Mark Penn strategy memo from 2007 shows Hillary Clinton campaign wanted to exploit Obama's "lack of American roots"

The Atlantic has the memo here.

Trump has held first place in the Real Clear Politics poll average since July 19th, over two months


Trump in first in Real Clear Politics poll average with 24%, 7.7 points ahead of Carson, 12.2 ahead of Fiorina


Wednesday, September 23, 2015

Trump, Carson, Rubio and Fiorina all rise in latest FOX poll, Trump still in first with 27.5% in Real Clear Politics poll average


FBI successful at recovering e-mails from "wiped" Hillary private server used while she was Secretary of State

Bloomberg originally reported here:

The FBI has recovered personal and work-related e-mails from the private computer server used by Hillary Clinton during her time as secretary of state, according to a person familiar with the investigation. ... Internal government watchdogs have determined that classified information ended up on the system. Their findings sparked the FBI inquiry. ... There has been some question as to whether Clinton deleted her messages or took the more thorough and technical step of “wiping” the server. [Andy] Boian said Tuesday that Platte River [Networks] had “no knowledge of it being wiped.”

Is Hillary worried we'll find the birther e-mail on her server?

Hillary's vigorous denial of the birther story only lends more credence to the charge that she started the birther movement. If it's so ludicrous, why give it this credibility?

Hillary throwing up the smokescreen here, never mentioning that Politico reported, not the right wing, that the anonymous birther e-mail (!) circulated in the Clinton campaign in early 2008:

HILLARY CLINTON: That is – no. That is so ludicrous, Don. You know, honestly, I just believe that, first of all, it’s totally untrue, and secondly, you know, the President and I have never had any kind of confrontation like that. You know, this is such a bad example of what’s wrong with, you know, instantaneous reactions and Americans getting all worked up and people feeding prejudice and paranoia like Donald Trump. And obviously all of us have to stand against it. And, you know, I have been blamed for nearly everything, that was a new one to me, but you know, I’ll just keep going and talking about what I want to do to get income risings and making college affordable and making all of the positive changes that we have to be worried about.

Ben Carson shifts a little, allows a Muslim who forswears Sharia could be president

You mean like Obama?

Ben Carson, quoted here:

"If they embrace our Constitution and are willing to place that above their religious beliefs, I have no problem with that. ... I think anybody, regardless of their religion, if they are willing to embrace the values and principles of America and our Constitution and subject their beliefs to the Constitution, I have no problem with that at all. And that's perfectly reasonable."

Carly Fiorina is a Dreamer, supports citizenship for the children brought here by illegal aliens

From the story here:

“Following her town hall at Iowa State University in Ames, Fiorina said she would be open to passing a version of the Dream Act to grant citizenship for young undocumented immigrants who came to the U.S. as children,” reported NBC News.

Tuesday, September 22, 2015

WaPo rips papal visit to Cuba's Castro, concluding "it takes more fortitude to challenge a dictatorship than a democracy"

The editorial is here, which I was able to see without a paywall.

When WaPo rips the church for hypocrisy, it makes sure you know it.

Someone should ask Ben Carson to swear to place the Constitution above the writings of Ellen G. White

Ben Carson, quoted here:

BEN CARSON: Now if someone has a Muslim background and they are willing to reject those anti-democratic] tenets [of some Islamic theocracies] and will swear to place our Constitution above their religion, then of course they will be considered infidels and heretics, but I would be quite willing to support them...

Monday, September 21, 2015

Hey Reince Priebus! Show us Scott Walker's signed Pledge to Support the Nominee!


Gov. Scott Walker has large personal debt problems, consistent with reports of his negative net worth

Reported here:

"The Re­pub­lic­an pres­id­en­tial can­did­ate has cast him­self as both a fisc­al con­ser­vat­ive lead­er and a penny-pinch­ing every­man on the cam­paign trail, of­ten tout­ing his love of Kohl’s, the dis­count de­part­ment store. His newly pub­lished fin­an­cial dis­clos­ure shows that, like many Amer­ic­ans, Walk­er has few as­sets, some ma­jor debts (in­clud­ing more than $100,000 for stu­dent loans for his chil­dren), and a pun­ish­ing in­terest rate on his cred­it-card ob­lig­a­tions. Walk­er in­curred one cred­it-card debt with Barclays in 2014, ac­cord­ing to the fin­an­cial dis­clos­ure form, and owed between $10,000 and $15,000 at a 27.24 per­cent in­terest rate as of Ju­ly 2015. ... One of Walk­er’s cred­it-card debts, to Bank of Amer­ica, dates back to 2011, his first year as gov­ernor, ac­cord­ing to the dis­clos­ure form. Walk­er cur­rently owes between $10,000 and $15,000 on that one, with an in­terest rate of 11.99 per­cent."

Flip-flopping Scott Walker ends campaign for president, declares war on Trump

Scott Walker's entire political career comes to an ignoble end, lashing out at the man who seized the issue of the time, illegal immigration, from his hands.

Watch Walker triangulate again in the near future and moderate his position on amnesty back to what it was just a couple of years ago. Walker never really opposed amnesty. He just wanted the Republican base to think he did, and now proves it.

The Guardian had the money quotes, here:

“Today, I believe that I am being called to lead by helping to clear the field in this race so that a positive conservative message can rise to the top,” Walker said. “With this in mind, I am suspending my campaign indefinitely.” Walker encouraged other candidates to do the same, “so that voters can focus on a limited number of candidates who can offer a positive, conservative alternative to the current frontrunner.”

A small man was he, not ready for prime time.