Business/Economy (Bloggers & Personal)

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  • Subsidizing Failure

    06/07/2012 11:46:04 AM PDT · by Congressman Tom McClintock · 4 replies
    Rep. Tom McClintock ^ | June 1,2012 | Rep. Tom McClintock
    Subsidizing Failure House Chamber, Washington, D.C. June 1, 2012 Mr. Chairman: This amendment saves nearly one and a half billion dollars by ending the failed Energy Efficiency and Renewable Energy Program. If we’re serious about an “all of the above energy policy” we’ve got to stop using taxpayer money to pick winners and losers based on their political connections, and instead require every energy company to compete on its own merits as decided by the customers it attracts by offering better products at lower cost. For too long we have suffered from the conceit that politicians can make better energy...
  • Subsidizing Failure

    06/07/2012 11:45:58 AM PDT · by Congressman Tom McClintock · 1 replies
    Rep. Tom McClintock ^ | June 1,2012 | Rep. Tom McClintock
    Subsidizing Failure House Chamber, Washington, D.C. June 1, 2012 Mr. Chairman: This amendment saves nearly one and a half billion dollars by ending the failed Energy Efficiency and Renewable Energy Program. If we’re serious about an “all of the above energy policy” we’ve got to stop using taxpayer money to pick winners and losers based on their political connections, and instead require every energy company to compete on its own merits as decided by the customers it attracts by offering better products at lower cost. For too long we have suffered from the conceit that politicians can make better energy...
  • Facebook NASDAQ:FB Big Money went Short (#1 Short Sale Target for Big Cap Stocks)

    06/07/2012 9:12:35 AM PDT · by C19fan · 3 replies
    LIVE TRADING NEWS ^ | June 7, 2012 | Staff
    hort Sellers focused on Facebook, # 1 target for Big-Cap companies Facebook has attracted more Short Sell attention than any other Big Cap US company, as they bet that the World’s biggest social-networking company will keep falling after losing $27-B since its IOP in May. Short interest in the California-based company reached 5.9% of shares outstanding, according to data compiled by Data Explorers Ltd.
  • Voters Reject 114 Percent Tax Increase on Cigarettes in California

    06/07/2012 8:07:02 AM PDT · by 92nina · 14 replies
    ATR ^ | 2012-06-06 | Joseph Shanahan
    Despite having the second lowest smoking rate in the country, voters in California have rejected Proposition 29, which would have more than doubled the tobacco excise tax. Proposition 29’s supporters purported that the measure would raise $775 million in funds for cancer research, but the results from California show that smokers and non-smokers alike saw that Prop. 29 would’ve funneled taxpayers dollars to an unaccountable bureaucracy. It's clear that because of this, Proposition 29 was never really about smoking at all. This remarkable victory comes at a crucial time in California. With a budget deficit of over $16 billion accrued...
  • Moving the market..

    06/07/2012 7:17:11 AM PDT · by pickrell · 2 replies
    07-Jun-2012 | Ron Pickrell
    Heavy gains were made in the stock market yesterday as traders reacted to the news that a shoelace factory in Burma would increase hiring. An unnamed spokesman for White House spokesman Jay Carney, brushed aside suggestions that optimism was instead more closely related to the recently demonstrated power in Michigan that voters have finally had just about enough of progressive economic vandalism. "Suggestions that extremist conservative ideas, such as acting responsibly with taxpayers money, could possibly have any bearing on whether or not people choose to invest, is simply silly. It had to be the shoelace factory. Anyway, that's our...
  • Michigan Licensing Laws Must Change

    06/07/2012 5:55:59 AM PDT · by MichCapCon · 2 replies
    Michigan Capitol Confidential ^ | 6/4/2012 | Dick Carpenter, Ph.D.
    This spring brought a bit of bad and good economic news for Michigan. First the bad news: In May, Chief Executive magazine released results from a poll of CEOs in which respondents named the 10 worst states for doing business. States were rated on taxes, regulatory structures and other costs of doing business, and Michigan ranked among the worst. The good news is, however, initial efforts are underway that could help make Michigan a better place to get and create jobs. In April, Gov. Rick Snyder’s Office of Regulatory Reinvention recommended, after months of study, the elimination of 18 occupational...
  • Making Reporters Use Government Equipment to Write About Jobs Numbers?

    06/06/2012 7:33:33 PM PDT · by jazusamo · 8 replies
    PJ Media ^ | June 6, 2012 | Bridget Johnson
    The unilateral, unprecedented move by the Labor Department with this politically critical data has First Amendment proponents up in arms.The deadline is closing in on a Labor Department order requiring news organizations to use government computers and equipment to distribute sensitive economic data — including the politically important and sometimes unsavory monthly jobs report. Until now, reporters have been provided the Labor data shortly before the embargoed release time to analyze and draft their stories from a lock-up room at the department. When it’s release time, the Labor Department flips a switch to let news organizations transmit over secure lines...
  • The Limits of Monetary Policy and the Importance of Fiscal Policy

    06/06/2012 5:19:42 PM PDT · by moneyrunner · 2 replies
    The Virginian ^ | 6/6/2012 | Moneyrunner
    Here is the rub. As mentioned, the FOMC sets monetary policy for the nation, for all 50 states—its influence is uniform across America. The same rate of interest is charged on bank loans to businesses and individuals in Texas as is charged New Yorkers or the good people of Illinois or Californians; Texans pay the same rates on mortgages and so on. Why is it that the Texas economy has radically outperformed the rest of the states? A cheap answer is to revert to the hackneyed argument that Texas has oil and gas. It is true that we produce as...
  • Despair As Collapse Accelerates: “My Shotgun is Full I Hope I Don’t Need to Use It.”

    06/06/2012 4:41:35 PM PDT · by Kartographer · 54 replies
    SHTF Plan ^ | 6/6/12 | Mac Slavo
    Our long time friend and regular contributor Manos has been keeping us abreast of the day-to-day goings on in Greece for the better part of three years. Suffice it to say, it’s getting worse with very little hope of resolution to the economic and political woes facing the country, as well as its European neighbors. The following is a first person perspective of the realities on the ground, and what it looks like in the midst of a truly frightening economic collapse that threatens to not only wipe out the financial wealth and life savings of an entire nation, but...
  • The White House's Mortgage Refi for Dummies - A Letter From Obama

    06/06/2012 4:04:34 PM PDT · by whitedog57 · 1 replies
    Confounded Interest ^ | 0606/2012 | Anthony B. Sanders
    The Federal Reserve released its Beige Book (not to be confused with the Necronomicon from Bruce Campbell’s film “Army of Darkness”) said today that the U.S. economy maintained a moderate pace of growth as factory output rose and the real-estate market improved. “Overall economic activity expanded at a moderate pace” from early April to late May, the Fed said in its Beige Book business survey, which is based on reports from its 12 district banks. “Hiring was steady or increased slightly.” Real GDP growth at 1.9% is pretty moderate. And a cash only/investor housing recovery is doing about as well...
  • How do Romney and Obama compare on loans to help a business become profitable?

    06/06/2012 4:03:49 PM PDT · by Mark Landsbaum
    Let us stipulate that the government shouldn’t be making loans to companies in the first place. It’s not a proper role for government, which perhaps more than any other entity on the planet is most incapable of understanding what makes private businesses profitable. That said, how have the two candidates for president differed when they have done what governments shouldn’t be doing in the first place? . . .
  • SEIU Sues State, Governor to Keep Home Health Care 'Dues Skim' Money Flowing

    06/06/2012 12:43:35 PM PDT · by MichCapCon · 8 replies
    Michigan Capitol Confidential ^ | 6/3/2012 | Tom Gantert
    The union that was taking money from the state subsidy checks of 60,000 home health care workers has sued Gov. Rick Snyder and the state Department of Community Health a few days after the Attorney General ordered an end to the practice. The Service Employees International Union Healthcare Michigan lawsuit claims the state is ending an existing collective bargaining agreement and is in violation of the contract clause of the U.S. Constitution. The SEIU has taken more than $30.4 million from the home health care aides since 2007. A judge has put disputed union dues of $500,000 — the amount...
  • Slackers for Obama Picks Up Where Occupy Movement Left Off

    06/06/2012 10:25:43 AM PDT · by MichaelAsher54 · 15 replies
    Washington, D.C. – In an act of desperation after the sizable Democrat loss in Wisconsin, President Obama’s campaign is targeting underachievers and all Americans who like entitlements with a brand new movement called Slackers for Obama. “With Occupy Wall Street’s numbers in decline, we felt we had to reenergize the vast majority of Americans who’ve become accustomed to handouts and give them a reason to believe that Obama will win reelection and keep the freebies coming,” said Communications Director for Obama's re-election campaign David Axelrod. Together, Axelrod and Senior Advisor to the President David Plouffe came up with the slogan,...
  • City Cuts Police OT in Half Once Union Contract’s Restrictive Language Was Removed

    06/06/2012 9:46:48 AM PDT · by MichCapCon · 8 replies
    Michigan Capitol Confidential ^ | 6/3/2012 | Tom Gantert
    When Joyce Parker took over as emergency manager for the city of Ecorse in 2009, she was faced with a police union whose five-year contract had been expired for two years. Faced with $8 million in debt, Parker wasn’t going to be able to save any money in police overtime with more efficient scheduling. That was because the contract wouldn’t allow it. The provision of the Police Officers Association of Michigan contract read: “The City will not change the work schedule resulting in the loss of overtime.” “I’ve never seen that in a contract,” Parker said this month. “There is...
  • MBA: Refinance Activity Increases as Mortgage Rates Fall (Fed Mulling More Monetary Stimulus!)

    06/06/2012 7:37:31 AM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 06/06/12 | Anthony B. Sanders
    The MBA Refinance Index has shown a general increasing trend since early 2011 (pink line) and is almost reaching the peak of the 2010 refi waves. Actually this is quite disappointing given 14 Administration mortgage refinancing programs and historically low mortgage rates. Perhaps even more disappointing is the MBA Purchase Application Index. It actually fell (again) and remains in “the red zone.” That is, the red zone of little growth. It is hard to argue for a strong housing recovery fueled by cash-only and investors. Are we becoming a nation of renters? Thanks to both Fed monetary policy and Europe’s...
  • Scott Walker 'the liberal slayer' wins one for the producers(he is our Tea Party model hero)

    06/05/2012 8:44:52 PM PDT · by sickoflibs · 23 replies
    sol rant | 6/5/2012 | sickoflibs
    Wisconsin count as of 11:30pm EST , Walker 54%, Barrett 45%. NBC calls it for Walker back at about 10pm. It was a classic. I watched MSNBC all night flipping to FNC only briefly from time to time. Over at ‘MSNBC/Destroy Walker-BC’ they were predicting such a close election that they said it would probably require a recall. 'Be prepared for a long night' they repeated. Dem are knocking on a million doors today, boots on the ground', they were calling those who didn't vote in 2010 to shame them to get out and vote. Then with 1% counted Walker...
  • Who’s science and math do you buy? The EPA’s?

    06/05/2012 5:42:55 PM PDT · by Mark Landsbaum · 6 replies
    Government agencies, who have a vested interest in justifying what they spend, expanding what they do and making a case for more of both, are hardly disinterested parties. Witness the EPA, that political entity dating to the Nixon Administration, which was created much like opening a Pandora’s box. The unforeseen consequences continue to pour forth to degrees not even Rachel Carson could have imagined. One of the short-comings of the mainstream media is that it swallows then regurgitates so much of what the government has to say about itself without bothering to critically examine, or even to seek out other...
  • Speaking of a war on women…

    06/05/2012 4:04:59 PM PDT · by Mark Landsbaum · 6 replies
    To hear the Democrats and presidential re-election candidate Barack Obama tell it, the Republicans and that party’s presidential candidate wage a war on women. What would a war on women look like? . . .
  • I Stand With ALEC (Fight Van Jones and the Left)

    06/05/2012 1:31:54 PM PDT · by 92nina · 3 replies
    I Stand With ALEC ^ | 2012-06-05 | ATR
    What is ALEC? The American Legislative Exchange Council (ALEC) is dedicated to promoting Jeffersonian, free market principles. At ALEC, bi-partisan state legislators from every state come together to develop and share pro-growth, pro-jobs policies. Why Stand With ALEC? Obama's former "green jobs" czar and self-proclaimed communist, Van Jones, has partnered with George Soros and Big Labor to put pressure on state legislators and supportive companies to stop supporting ALEC and their free market agenda. How Can I Help? The left has already been successful in persuading several large corporations to leave the ALEC Private Enterprise Members. Send them, the remaining...
  • Nein! Nein! Nein! Again

    06/05/2012 1:20:02 PM PDT · by bruinbirdman · 5 replies
    The Telegraph ^ | 6/5/2012 | Ambrose Evans-Pritchard
    No, Germany has not agreed to a "banking union". It has not agreed to mutualise the costs of bank bail-outs, knowing perfectly well that this means 'Eurobonds lite' and the start of a slippery slope towards debt pooling. A banking union? Nein It has not cleared the way for use of the EU rescue machinery (EFSF and ESM) for direct recapitalisation of banks – which is what Spain wants to avoid having to bear the contingent liabilities of its crumbling lenders on sovereign shoulders. Germany has not moved one inch towards fiscal union of any kind. It may do so...
  • Nanny State Update: Radioactive Meters and Flavored Cigar Wrappers

    06/05/2012 10:36:13 AM PDT · by 92nina · 3 replies
    Cost of Government Center ^ | 2012-06-01 | [Staff]
    ...Farewell to Flavored Cigar Wrappers in Illinois: In the process of cracking down on the use of heroin, legislators in Illinois this week took the next step towards criminalizing the sale of flavored cigar wrappers this week. The one-size-fits-all ban would punish legal behavior in the name of being “tough on drugs,” banning cigar wrappers just because some have mispurposed them for use with illegal substances. The lone opponent to the ban, which passed the state Senate 46-1, expressed dismay at the cavalier attitude displayed by fellow lawmakers; proponents failed to offer any sound reason for why flavored cigar wrappers...
  • UN Tax Bureaucrats Coming to a Town Near You

    06/05/2012 9:44:28 AM PDT · by 92nina
    ATR ^ | 2012-06-01 | Ashley A. Bautista
    There are ongoing debates over tax hikes and cuts in the United States domestic front, which makes it extremely frightening to imagine a world in which third-party, international organizations could impose taxes on countries. Global taxes would give the power to tax overseas to organizations such as the World Health Organization (WHO) and the United Nations (UN). The Center for Freedom and Prosperity released a study titled “Global Taxes Threaten Fiscal Sovereignty and Democratic Accountability” which can be viewed here. If these organizations succeed in passing their proposed global taxes, they would be applied in a "one size fits all"...
  • Students Pay SLM 9.25% on Exploitative Loans for College (Bloomberg Link Only)

    06/05/2012 8:02:30 AM PDT · by C19fan · 10 replies
    Bloomberg Link Only ^ | June 5, 2012 | Janet Lorin
  • Bloomberg to Issue Carbonation Credits For People Who Want to Buy Out From Under His Soda Ban

    06/05/2012 7:44:23 AM PDT · by smoothsailing · 8 replies
    iOwnTheWorld ^ | 6-5-2012 | BigFurHat
    June 5, 2012 Michael Bloomberg to Issue Carbonation Credits For People Who Want to Buy Out From Under His Soda Ban BigFurHat
  • Feds: Mob Goon Brought Baby Son To Beat Down

    06/05/2012 5:42:43 AM PDT · by AtlasStalled · 5 replies
    Friends of Ours ^ | 06/05/12 | Friends of Ours
    Reputed Gambino associate Christopher Colon was sentenced yesterday to eight years in prison, and at the hearing a federal prosecutor said the mob enforcer once brought his two-month-old infant son along on a job as reported by the Daily News: The Gambino family goon used a bat to threaten both the debtor and a neighbor who had tried to intervene, prosecutor Elie Honig said. Then he hit the neighbor with his car, breaking the man's ankle and clavicle. "The fact that he had his son in the car at the time speaks to an alarming lack of control," Honig said...
  • That Other Question in the Public Unions debate…

    06/04/2012 6:32:07 PM PDT · by Starman417 · 10 replies
    Flopping Aces ^ | 06-04-12 | Brother Bob
    First off, I'd really like to hear from members of unions on this one, particularly the public sector ones. Please drop your comments below. In the not too distant future the state of Wisconsin will be holding what a number of pundits are dubbing, "The second most important election in 2012." This is referring to the recall election that Governor Scott Walker faces against Democrat challenger Tom Barrett. The long and short of the reason for this election is that Wisconsin, like many other states was facing a budget crisis. Walker noticed that a large chunk of their budget...
  • As Obama's Intrade Odds Tank Following Gruesome Jobs Numbers, Adm'n Excuse-Makers Melt Down

    06/04/2012 5:01:13 PM PDT · by Reaganite Republican · 7 replies
    Reaganite Republican ^ | June 4, 2012 | Reaganite Republican
    It was only a little over a year ago the Bolshevik Boy Wonder's seemingly limitless supply of dumb-luck had his second term a forgone conclusion in the minds of many, including myriad RINOs and other Republican defeatists. Oddsmakers like Intrade are notoriously accurate -possessing the same eerie prescience found in Vegas football bookies- as these are people who make a living betting on such things... and Barack Obama's reelection was a 70% certainty to them at one point. Alas, while not 'wanting America to fail', I myself have long felt it a certainty that reckless Obama policies would have reality intervening...
  • Facebook “friends” aren’t exactly allies, let alone paragons of democratic virtue

    06/04/2012 4:29:53 PM PDT · by Mark Landsbaum · 3 replies
    Deposed President of Egypt Hosni Mubarak was considered, rightly or wrongly, to be an American ally. Does the U.S. have any allies left in Egypt? And is Egypt a sign of things to come? We’re finishing up a book by David P. Goldman, “How Civilizations Die.” We recommend it. It dovetails with our recent column by Mark Steyn, in which he bluntly explained what has been left in the wake of the “democratic” Facebook-driven uprising in Egypt that tossed our presumed ally. . .
  • Banks And The "Whole Democracy Thing" In 90 Seconds Or Less

    06/04/2012 1:19:18 PM PDT · by Kartographer · 4 replies
    Zero Hedge ^ | 6/4/12 | Tyler Durden
    "Now cabbies and crop-pickers will pick up the slack; your taxes will bring the bankers right back; where we'll keep spreading our good news, of deregulation and free market views - 'We know what we're doing, just stop with the rules!'" "Now we're buying both sides to do our good bidding; That whole Democracy thing? Surely You're Kidding"
  • Pennies on the Dollar

    06/04/2012 11:39:20 AM PDT · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 6/1/2012 | Michael Jahr
    Let’s start with the obvious. A government-employee union exists to represent employees in the collective bargaining process with a government employer. Except in the case of home health care providers in Michigan. In this highly unusual scenario, the Service Employees International Union gets its dues not from State of Michigan paychecks but from Medicaid payments issued to people who are often providing care to an ailing family member in their own home. Since 2007, the SEIU has skimmed more than $30 million from taxpayers and the welfare state in this fashion. Weirder yet, the Michigan Quality Community Care Council —...
  • Obama Euphoria Dwindling; 2008 Donators Not Giving In 2012

    06/04/2012 10:34:32 AM PDT · by Starman417 · 20 replies
    Flopping Aces ^ | 06-04-12 | Curt
    Looks like all those Obama fanatics that gave and gave and gave some more in 2008 aren't feeling it this time around: In 2008, more than 550,000 gave more than $200 to Barack Obama, entering their names in the longest list of individual donors ever seen in American politics. That list was a snapshot of the hope Obama inspired in a cross sections of liberals, young professionals, African-Americans, and Democrats who saw in him a generational and historic moment. But now, as Obama struggles to keep pace with his 2008 fundraising clip, that list offers a cross-section of Democratic...
  • Chevy to Build Impalas, Malibus at Underutilized Volt Plant

    06/04/2012 8:57:15 AM PDT · by jazusamo · 42 replies
    National Legal & Policy Center ^ | June 4, 2012 | Mark Modica
    CBC News reports that an Ontario General Motors' plant where Chevy Impalas and Equinoxes were built will be closed down, costing Canadians around 2,000 jobs. GM reportedly plans to partially move production of the Impala to its Detroit-Hamtramck assembly plant in Michigan. You may remember the Hamtramck site from the Chevy Volt commercial which trumpeted the building of Volts there. It now seems that low demand for the Volt has led to the plant having enough time to build other, conventionally-powered vehicles. While the Volt may have been the car GM "had to build," it appears that consumers would...
  • Attorney General Orders State To Stop SEIU 'Dues Skim'

    06/04/2012 6:11:22 AM PDT · by MichCapCon · 9 replies
    Michigan Capitol Confidential ^ | 6/1/2012 | Tom Gantert
    When the Service Employees International Union convention begins Monday in Colorado, there will be some bad news from its leaders out of Michigan. Michigan Attorney General Bill Schuette released a letter Friday that mandated that state agencies were to end the withholding of SEIU dues from private individuals who provide home health care. "Private individuals do not transform into public employees simply by participating in taxpayer-funded programs like Medicaid," he said in the letter. "In order to comply with the law, state agencies should end the withholding of public union dues from private individuals who provide home help." Gov. Rick...
  • Get OUT Of The Futures Markets

    06/03/2012 9:40:52 PM PDT · by hope · 33 replies
    The Market Ticket ^ | 6/3/12 | Karl Denninger
    If you get reamed don't say you weren't warned. In 2008 there were repeated instances where the futures gapped ~20 handles overnight, clearing out the stack and gapping over your stop, filling you on the other side for hideous losses. Stop orders are worthless when this happens -- all they do is lock in a loss as you fill on the other side (which usually is the extreme print) and then the market reverses some of the move, costing you twice.
  • Obama to fight judge’s ruling EPA overstepped bounds in revoking coal mine permit

    06/03/2012 7:48:45 PM PDT · by Texas Fossil · 17 replies
    Unified Patriots ^ | June 2, 2012 | Lady Impact Ohio
    The sorry saga continues, as the Obama administration is intent on getting their way in everything and by any means possible. In January of 2011 I reported that the EPA had revoked the permit for an already-in-use coal mine in West Virginia, the Spruce Mine to be specific operated by Arch Coal, citing “violations of the Clean Air Act.” This unprecedented action struck fear in the hearts of not only coal companies who have invested millions of dollars and time into securing the necessary permits, but other business owners as well. After all, why would they want to invest in...
  • Greek Power Regulator Calls Emergency Meeting to Avert Collapse of Power Grid and Natural Gas System

    06/03/2012 6:25:59 PM PDT · by Kartographer · 13 replies
    SHTF Plan ^ | 6/3/12 | Mac Slavo
    When the political and economic systems of entire nations collapse the consequences are devastating. Earlier this year pharmacies and hospitals in Greece were unable to provide life saving medicines due to a shortages caused by a freeze in the flow of credit from manufacturers to distributors to patients. A collapse in the country’s economy has forced many Greeks to turn to black market barter economies and has left millions financially devastated, with no hope of finding an income stream for the foreseeable future. The credit system of the entire country is in shambles. So much so that reports are emerging...
  • Why are taxpayers paying for professional sports?

    06/03/2012 3:45:28 PM PDT · by wewillnotcomply · 21 replies
    Professional sports teams are getting money from taxpayers, and it isn't anything new. The Minnesota Vikings will receive half a billion dollars from Minnesota taxpayers, as Tim Carney highlights here. Samuel Staley at the Reason Foundation's Out of Control Policy blog writes about the cronyism occurring when professional sports teams are subsidized by taxpayers, and gives several examples: Professional sports continues to be crony capitalism at its worst, using its oligopoly status to extract rents from taxpayers through elected officials. The reality is that precious little evidence exists suggesting that professional sports teams boost economic growth for cities, let alone...
  • Labor Secretary Asks Media to Be More Discreet with Jobless Figures

    06/03/2012 2:20:22 PM PDT · by John Semmens · 17 replies
    Semi-News/Semi-Satire ^ | 2 June 2012 | John Semmens
    Labor Secretary Hilda Solis called the repeated reports of high unemployment and new jobless claims “demoralizing,” and asked that the media be more discreet. “Look, we’re fighting a war against the worst economic conditions this country has seen in 75 years,” Solis said. “Sure, there are going to be casualties in this war, but do the media have to harp on them every week? Don’t they realize that they’re undermining our efforts to win this war?” Solis drew a parallel with how the media’s handling of the rising body-counts undermined the country’s willingness to fight to win in Vietnam. “Even...
  • Barrett, Mitchell, and the Future of Wisconsin

    06/03/2012 12:15:18 PM PDT · by jfd1776 · 1 replies
    Illinois Review ^ | June 3, 2012 A.D. | John F. Di Leo
    There’s an old saying: A conservative is a liberal who got mugged. Well, the state of Wisconsin is now filled with such newly minted conservatives. After decades of the corrupt partnership between the Democratic Party, the public and private unions (especially WEAC), and the state’s bureaucracy, the residents of Wisconsin have watched their economic opportunities plummet and their government costs rise. Manufacturers have fled the state in droves, ever fewer new startups have arrived to take their place, and their taxes have continued to climb, taking ever-larger bites of an ever-shrinking taxpayer base. Taxpayers feel like they’ve been mugged, again...
  • Obama Apologizes for, Defends Bush Presidential Portrait

    06/03/2012 11:00:35 AM PDT · by John Semmens · 7 replies
    Semi-News/Semi-Satire ^ | 2 June 2012 | John Semmens
    The unveiling of the official portrait of former President George W. Bush at the White House provided an occasion for current President Barack Obama to say a few words for the media. “As we all know, former President Bush bears the lion’s share of the responsibility for the country’s current mess,” Obama declared. “His tax cuts are responsible for the humongous deficits we now face. His failure to kill bin Laden besmirched our nation’s international reputation for the entire eight years of his tenure in office. We must never forget or forgive the harm Mr. Bush has done to every...
  • Risk On: Obama and Soros Call For European Action To Stem Crisis (Roy Hobbs from “The Natural”)

    06/03/2012 10:54:34 AM PDT · by whitedog57 · 7 replies
    Confounded Interest ^ | 06/03/2012 | Anthony B. Sanders
    This should be an interesting week in global markets. President Obama, speaking at a Chicago fundraiser on Friday, said that a report showing the slowest month of U.S. employment growth in a year was in large part “attributable to Europe and the cloud that’s coming over from the Atlantic.” The “whole world economy has been weakened by it,” he said. Sorry, President Obama, the cloud you are referring to is outrageous government spending, entitlements and debt … and the cloud is already here. Remember, 50% of Americans do not pay Federal taxes and 50% of Federal government spending is on...
  • Immigration Law Foes Tell Tourists not to visit Alabama

    06/03/2012 7:42:38 AM PDT · by moonshinner_09 · 21 replies ^ | Jun 2nd, 2012 | Michael Burg
    Labor and civil rights groups that are not in agreement with the new Alabama immigration law are warning tourists to stay away from the state. The groups say the new tough law will encourage profiling. On Thursday, in a news conference held over the phone, the coalition leaders said they plan to also have demonstrations in front of all Hyundai car dealerships around the county to encourage the auto manufacturer from South Korea to publically take a stance against the law in Alabama.
  • The Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming

    06/03/2012 6:58:23 AM PDT · by SeekAndFind · 40 replies
    The Economic Collapse Blog ^ | 06/02/2012 | Michael Snyder
    Another month, another bad jobs report. For the month of May, the U.S. economy only added 69,000 jobs and the unemployment rate rose to 8.2%. Many are calling this a total "disaster" and are worried that the U.S. economy could be headed back into another recession. Economists had been expecting 150,000 payroll jobs would be added, so the 69,000 number really shocked a lot of people. The truth is that the economy needs to add approximately 125,000 new jobs every single month just to keep the unemployment rate steady. So yes, this bad jobs report is not welcome news...
  • Seventy-Six Trombones and 8.2% Unemployment

    06/02/2012 11:36:13 PM PDT · by 2ndDivisionVet · 2 replies
    American Thinker ^ | June 3, 2012 | Clarice Feldman
    This week the economic news is so grim even the media's usual qualifier "unexpected" is meaningless. We have grown to expect a stagnant economy on the rocks. Meantime, the Obama campaign is heading into full conman territory, hoping like the Wizard of Oz that we'll just pay no attention to the pint sized amateur behind the curtain pulling the government levers. Thomas Lipscomb in a Facebook conversation explains: The innate optimism of Americans makes us particularly vulnerable to con men... consider the Duke and the King from Huckleberry Finn, Melville wrote a whole book on it called THE CONFIDENCE MAN......
  • It All Comes Down to Race: Your opinions on health care reform, taxes, even the president’s dog..

    06/02/2012 5:36:47 PM PDT · by 2ndDivisionVet · 7 replies
    Slate ^ | June 1, 2012 | Sasha Issenberg
    The wishful scenario many Republicans envisioned after Barack Obama’s change of heart this month on gay marriage—the president’s African-American base, far less supportive of expanding marriage than other parts of his coalition, becomes demobilized or even defects as a result of Obama’s stance—already seems unlikely to be realized. Last Thursday, Public Policy Polling revealed a 36-point swing in black support for gay marriage among Maryland voters, who will have the chance to legalize the practice in a November referendum, since PPP’s last poll on the subject in March. Then, 56 percent had been opposed to the new marriage law and...
  • On Day Of Dismal Jobs Report, Anderson Cooper Goes After… Mitt Romney?

    06/02/2012 12:20:14 PM PDT · by 2ndDivisionVet · 17 replies
    Mediaite ^ | June 2, 2012 | Frances Martel
    Yesterday, the first day of the month, came with no good news for the Obama campaign– a jobs report showing a slow-down in an economy the President was arguing had been growing, in an election year where the economy was first and foremost in the minds of voters. On last night’s Anderson Cooper 360º, host Anderson Cooper noted that the jobs numbers were, in fact, bad, but spent a much greater time correcting claims by the Romney camp that the President had made certain promises– an editorial choice that seemed to diminish the day’s biggest headline. Cooper played the clip...
  • “Recovery Summer” Scorecard: 170,000 More on Disability Than Decline in Unemployment

    06/02/2012 10:23:01 AM PDT · by whitedog57 · 3 replies
    Confounded Interest ^ | June 2, 2012 | Anthony B. Sanders
    Since President Obama was inaugurated in January 2009, I will ignore the summer of 2009 since the economic policies adopted by his Administration did not have time to fully kick-in. So, I am starting the “Recovery Summer” scorecard as of July 1, 2010. So, we have had two recovery summers (2010 and 2011) and we are entering the third recovery summer. Here is the scorecard beginning with July 1 2010 and ending with the latest BLS report for May 1, 2012. While unemployment has fallen since the beginning of the 2010 recovery summer by 1,899,000, the number of people going...
  • More global warming bad news, well, that is depending on how you view the issue of global warming

    06/01/2012 3:00:45 PM PDT · by Mark Landsbaum · 4 replies
    If it’s not the global warming schemers deserting the cause, and global warming profiteers going belly up, and real life contradicting the premise, it’s another bulletin of bad news. Where will it all end for the global warming worshippers? Here’s the latest, which just happens to devastate another assumption of the warming theorists (emphasis ours): . . .
  • Obama's Green Jobs Don't Materialize (Paul Chesser interview on FBN)

    06/01/2012 11:43:28 AM PDT · by jazusamo · 1 replies
    National Legal & Policy Center ^ | June 1, 2012 | NLPC Staff
    VIDEO Interview 4:47 minutes NLPC Associate Fellow Paul Chesser was interviewed on Fox Business Network's Willis Report on Thursday. Here's a transcript: Gerri Willis : Joining me now, Paul Chesser, Associate Fellow at the National Legal and Policy Center. Hey Paul, welcome back to the show, always great to have you here. Paul Chesser : Great to be here. Gerri Willis : Let me tell you, this is crazy, is it not? I want to just show folks with some of these companies that got loans from the Department of Energy - the jobs that were promised but never delivered....
  • Europe solves its “green” quota, declares gas to be green enough

    06/01/2012 11:36:11 AM PDT · by Mark Landsbaum · 5 replies
    This is our favorite news item this week, hands down. The Europeans, so enamored by things green that they have implemented subsidies, mandates and regulations that have nearly strangled their economy, have found a way out of their dilemma. “Energy from gas power stations has been rebranded as a green, low-carbon source of power by a €80bn European Union programme, in a triumph of the deep-pocketed fossil fuel industry lobby over renewable forms of power,” reports the Guardian in Great Britain. There you have it. To make the green quota, simply reclassify a fossil fuel as green enough. Voila! ....