In another notable moment from Thursday’s Fox News Channel GOP debate where a candidate invoked the liberal media and their failed agenda, Senator Ted Cruz (Tex.) railed against the failed liberal policies that have led to the decline of Detroit that’s been allowed to drag on for well over half a century.
To believe what the Associated Press's Tom Krisher and Dee-Ann Durbin wrote yesterday about February's auto sales, you have to believe that last month's car buyers were either: "a) affected with vertigo; dizzy"; or b) "frivolous and lighthearted; impulsive; flighty."
That's because they claimed that in February, "consumers - giddy from Super Bowl ads - returned to showrooms after a snowy January." Good grief.
Another Democratic candidate forum, seen by few, went as expected.
On Wednesday, The New York Times posted an article by reporter Robert Pear calling out Marco Rubio for taking the pen to Obamacare in the budget legislation from last year. On Thursday, it appeared on the front page with the headline “Rubio Measure Delivered a Blow to Healthy Law.”
The political definition of Cronyism is: government policy that favors one or more specific beneficiaries - at the expense of everyone else. To wit: $80 billion of the 2009 “Stimulus” was wasted on “green energy” companies - 80% of whom were Barack Obama donors. Amongst the parade of horribles contained therein: the government took money from energy companies - to fund competitors to their energy companies.
Sadly, a $3.5-trillion-a-year federal government budget is filled to the rafters with nigh-endless Cronyism. There’s so much to undo - one must triage and prioritize. And while we work to reduce and eliminate, we most certainly should not create a whole new Cronyism - that will dwarf all the others combined.
The Wall Street Journal (WSJ) late last week gave us a quintessential example of aiming at the tiny - while they have for years championed the huge. Behold:
The media are, of course, almost uniformly Leftist - which means they just about always toe the Party line. Including the belief that in order to help the poor - government must perpetually grow. Of course we conservatives also want to help the poor - we just think shrinking government is the way to actually do it.
When things get more expensive - the poor get hammered hardest. But the media misses the obvious - the more government there is, the more things cost. It is axiomatic - in (at least) two ways.
The news coming out of Detroit about near-deadline negotiations between the United Auto Workers union and General Motors has been pretty quiet. As the Sunday 11:59 p.m. deadline approaches, the Associated Press only has a four-paragraph blurb indicating that the union wants to get a richer package than it just garnered in negotiations with Fiat Chrysler. A Reuters report goes into detail about GM's cost structure still being higher than that seen at Toyota's and Nissan's U.S. plants by about 15 percent and 31 percent, respectively. The New York Times is only carrying reports from the wires.
One note of substance about the UAW's strategy covered at Bloomberg News — surely known to others following the industry who are filing bland reports — is that it plans to milk the unemployment insurance system in the event of a protracted strike.
Almost four years ago, solar energy manufacturer Solyndra filed for bankruptcy, leaving the federal government with a loan guarantee-related loss of up to $535 million.
The Energy Department's inspector general released a report on the debacle today. At the Associated Press, reporter Kevin Freking made sure readers knew that the loan guarantee program began under President George W. Bush, but somehow "forgot" to note, as the Weekly Standard did at the time, that the Energy Department under Bush made a "unanimous decision to shelve Solyndra's application two weeks before Obama took office."
In his MSNBC show The Last Word Tuesday evening, Lawrence O’Donnell dedicated a segment to describing his opinion of what “good and bad socialism” looks like. Naturally his example of “good” socialism included the man and policies Bernie Sanders. It also included a 6 year old cover from Newsweek magazine that proclaimed “We Are All Socialists now,” which detailed how it's becoming normal (and good) for America to fund massive socialist policies like Social Security and Medicaid. Bad socialism is, of course, allowing the government to “socialize” the sports industry by subsidizing the construction of new stadiums for rich and greedy team owners and the millionaire athletes they employ.
Mientras Puerto Rico, bajo el liderazgo del socio del Presidente Obama, el gobernador Alejandro García-Padilla (D) ponía en mora los pagos a los acreedores, Univisión transmitió un informe completamente parcializado sobre manifestaciones contra la "austeridad" en frente de una firma de inversiones con sede en Nueva York.
The current headline at a June 29 New York Times story by Peter Eavis, also appearing on the front page of today's print edition, is "Loads of Debt: A Global Ailment With Few Cures."
But the last portion of the story's web address is "... trillions-spent-but-crises-like-greeces-persist.html." That's because the original headline, the one used at the Times's Twitter account — was "Trillions Spent But Crises Like Greece Persist." Of course without admitting it, Eavis's writeup is an ode to the worldwide failure of Keynesian economics — a term which naturally never appears in any form — and the closed minds of those who don't understand why shoveling vast sums of money created out of thin air into the financial system is only marginally helpful in the short-term, and serious harmful, over the long-term.