Saturday, June 4, 2011
After 29 months of Obama, America is heading towards the economic abyss
Telegraph:Years of profligate spending, massive bailouts and useless stimulus measures have made America poorer, not richer, and threaten the long-term economic foundations of this great country. President Obama’s big government experiment has been a dangerous failure, only further proof that the deadening hand of federal intervention is the last thing America needs at this time. The United States needs more economic freedom, less government regulation and spending, and lower taxes if it is to create jobs, wealth and prosperity, a message that seems to have been lost on the Obama presidency as it drives the United States towards the financial abyss.
Friday, June 3, 2011
Hidden Deep Within ObamaCare, Racial Preferences
Pajamas Media:
"...institutionalized racial preferences and ethnic quotas at nursing, dental, and medical schools is nothing new. What the bill’s language does that is new is make sure that race, sex and ethnic quotes will be institutionalized in perpetuity.
"...institutionalized racial preferences and ethnic quotas at nursing, dental, and medical schools is nothing new. What the bill’s language does that is new is make sure that race, sex and ethnic quotes will be institutionalized in perpetuity.
Medical schools have been making use of racial preferences for decades. And like everywhere else where racial preferences have been practiced, there’s a huge downside.
To be sure, outstanding black and Latino students are studying at many of the nation’s best medical training institutes. But racial preference policies have allowed other black and Latino students who are less-than-qualified into many of these same schools. This has led to high dropout rates and the failure to pass critical licensing exams at rates far higher than their classmates."
Thursday, June 2, 2011
Henninger: Obama's Cloud Economy - WSJ.com
WSJ.com:
It is sometimes unfair to tag presidents with blame for an underperforming economy. Not this time. This president made conscious policy choices during a deep recession to reorder vast swaths of American industry. Strong-performing economies need clarity. Barack Obama has given ours indecision stretching to the horizon.
It is sometimes unfair to tag presidents with blame for an underperforming economy. Not this time. This president made conscious policy choices during a deep recession to reorder vast swaths of American industry. Strong-performing economies need clarity. Barack Obama has given ours indecision stretching to the horizon.
Can We Please Stop Pretending the GDP Is "Growing"?
zero hedge: The Federal Government borrowed and spent $5.1 trillion to get $700 billion in total GDP "growth" from 2008-2011. In constant dollars, there was no growth at all.
PIMCO's Gross: monetary policy represses Treasury yields
HousingWire: Gross advises all frogs who are asleep in the pot to jump before the water hits a boiling point.
via Newsalert.
via Newsalert.
Elderly Japanese volunteer to tackle nuclear crisis
BBC News:
The Skilled Veterans Corps, as they call themselves, is made up of retired engineers and other professionals, all over the age of 60.
The Skilled Veterans Corps, as they call themselves, is made up of retired engineers and other professionals, all over the age of 60.
They say they should be facing the dangers of radiation, not the young.
Unexpectedly
Jobless Claims Fall Less Than Expected.
Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 422,000, the Labor Department said. The prior weeks figure was revised up to 428,000.
Economists polled by Reuters had forecast claims dropping to 415,000 from a previously reported count of 424,000.
Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 422,000, the Labor Department said. The prior weeks figure was revised up to 428,000.
Economists polled by Reuters had forecast claims dropping to 415,000 from a previously reported count of 424,000.
Some links for Thursday
June is Goat Trauma Awareness Month.
Top 10 Funny Beer Commercials. If you don’t like the taste of beer, there’s Adult Chocolate Milk.
Wednesday, June 1, 2011
Meet the lizard that will kill Texas oil production
HotAir:
Texas has a shale boom starting that could dramatically increase American oil production — an increase perhaps as high as 25%, which would help curb gas prices and reduce our dependence on foreign sources of oil. But this field could be at risk — and other fields as well — if the US Fish and Wildlife Service lists the sand dunes lizard as endangered.
Reminiscent of the debacle in California's Central Valley, where crops rot and people stand in line for food while the EPA engineers a drought.
Texas has a shale boom starting that could dramatically increase American oil production — an increase perhaps as high as 25%, which would help curb gas prices and reduce our dependence on foreign sources of oil. But this field could be at risk — and other fields as well — if the US Fish and Wildlife Service lists the sand dunes lizard as endangered.
Reminiscent of the debacle in California's Central Valley, where crops rot and people stand in line for food while the EPA engineers a drought.
Tuesday, May 31, 2011
Graphs of foreclosures in the pipeline
Figures being reported are the tip of the iceberg. Also, "of the 2.2 million homes in foreclosure you have 675,000 homes (31 percent of the pool) that have not made a payment in over two years."
Monday, May 30, 2011
Sunday, May 29, 2011
Pro-Obama media always shocked by bad economic news
Unexpectedly: It's obviously going to be hard to achieve the unacknowledged goal of many mainstream journalists -- the president's re-election -- if the economic slump continues. So they characterize economic setbacks as unexpected, with the implication that there's still every reason to believe that, in Herbert Hoover's phrase, prosperity is just around the corner.
Sisterhood and the SEALs
City Journal: Not only has the rise of women to positions of power and control in American society not dented feminist irrationality, it seems to have exacerbated that irrationality.
Revenge of the geeks
What made them outsiders in high school makes them stars in the world.
Adults tend to be mature enough to recognize that there would be no progress — cures for diseases, ways to harness new energy sources — without people who are different. Successful scientists think distinctively.
So what happens to high school's popular students? Research shows that they are more likely than outsiders to conform, which can also mean they're less likely to innovate.
Adults tend to be mature enough to recognize that there would be no progress — cures for diseases, ways to harness new energy sources — without people who are different. Successful scientists think distinctively.
So what happens to high school's popular students? Research shows that they are more likely than outsiders to conform, which can also mean they're less likely to innovate.
Greece Denies Missing Fiscal Targets as Default Looms
CNBC: Greece's hopes of averting default dimmed on Saturday as fears grew the country may have missed fiscal targets set by its lenders while euro zone policymakers bickered on how to respond to the deepening crisis.