WaPo Catches Obama Recycling Policies That Sunk Housing Market
To his credit, the Washington Post's Zachary A. Goldfarb reported yesterday that the Obama administration is possibly repeating the same policy mistakes that sank the housing market. To get to the heart of the matter, our national housing bubble quickly inflated as a result of too many people with poor credit buying homes that they couldn’t afford. As that number multiplied, banks created…
Krugman Credits Cali's Comeback to Fighting 'Fanatical' Conservatives
New York Times columnist Paul Krugman was giddy over a triumph of the liberal vision in the supposedly resurgent California economy in Monday's "Lessons From A Comeback." The state has overcome a "fanatical conservative minority" to push through "desperately needed tax increases." But is California really back?
....California has been solidly Democratic since the late 1990s. And ever since…
Barnicle Bemused: Why Do Top College Grads Choose Tech & Finance Jobs
A question with a more obvious answer might yet be asked on national TV this morning, but someone's going to have to try very hard . . . On today's Morning Joe, during a segment on the Atlanta school-test scandal, Mike Barnicle actually wondered out loud why more top college grads take jobs with high-tech firms like Google, or in the financial-services sector, instead of teaching.
Barnicle…
Pity the Fool: Celebrate April 1st with 8 Anti-Capitalist Journalists
Sometimes liberal bias goes so far it actually becomes absurd, like Roseanne Barr saying that she would bring back the guillotine in order to behead any rich people who wanted to keep more than $100 million of their own money. She set the bar (or the guillotine) higher than her $80 million net worth. But it wasn’t just extreme left-wing celebs like Roseanne and Michael Moore, news anchors and…
CNNMoney's Reaction to 0.4% Annualized GDP Growth: 'Economy Climbs Off
The latest estimate of economic growth for the final quarter of 2012 published by Uncle Sam's Bureau of Economic Analysis on Thursday told us that the economy grew at an annualized rate of 0.4%. Not annualized, that means it actually grew by 0.1%. A $100,000-a-year business doing that "well" during a quarter would have seen its sales increase by $25 (.001 times $100,000 divided by 4).…
Rasmussen Poll: 45% Say Sequestration 'Cuts' Weren't Deep Enough; That
At the Politico, Darren Samuelsohn reports that "The public has largely tuned out the Democrats’ repeated warnings about ... (what will happen) if the sequester cuts stay in place." He also notes in a separate report that Republicans "Republicans are winning the sequester wars," and that "even the White House admits there’s little chance of reversing all the cuts."
Of course, what's in…
PBS's Mark Shields: 'The Rich Are the Scum of the Earth
Mark Shields on PBS's Inside Washington Friday made a comment that perfectly defines how liberal media elites view the financial success of anyone other than themselves and their ilk.
Misquoting the late English author G.K. Chesterton, Shields said, “Wherever they are, the rich are the scum of the earth" (video follows with transcript and commentary):
As Warming 'Hiatus' Nears Two Decades, AP Reports Continue to Unskepti
A quick review of recent dispateches from the Associated Press, aka the Administration's Press, finds four items which unskeptically take claims of "global warming" at face value -- and that's just from Thursday and Friday.
Too bad for AP, and the public at large being brainwashed by the incessant repetition of what is proving to be patently false, that we're nearing the two-decade mark of…
AP and Reuters Whitewash Dijsselbloem Statement About Cypriot Account
So much for Cyprus being a "one-off."
On Wednesday, Bruno Waterfield at the UK Telegraph relayed that "Jeroen Dijsselbloem, the Dutch chairman of the eurozone, told the FT and Reuters that the heavy losses inflicted on depositors in Cyprus would be the template for future banking crises across Europe." That's "would," not "could." The Associated Press hasn't had the nerve to correctly…
St. Louis Post-Dispatch Columnist: 'Most Veterans Did Nothing Heroic
St. Louis Post-Dispatch columnist Bill McClellan is mighty proud of himself this week. Today, he wrote that the negative response to a column he wrote on Wednesday ("One last call to service – end military funeral honors") is "pig heaven for an attention-craving columnist." The porcine parallel McClellan made seems more than appropriate in the circumstances.
You see, Budget-cutter Bill is…
ABC's Stephanopoulos Hypes 'Net Benefit For the Treasury From Gay Marr
On Thursday, George Stephanopoulos touted how legalizing same-sex "marriage" would supposedly bring in additional revenue into the federal government's coffers. The former Clinton administration official claimed that "the Treasury would actually take in more money if gays and lesbians were allowed to get married and get federal benefits."
Stephanopoulos cited an eight-plus year old study…
Comcast Bans Gun and Ammo Ads Following NBCUniversal Purchase
The Comcast Corporation, sole owner of NBCUniversal now, recently made the decision to refuse advertising from gun stores and ammunition manufacturers. Operating in 39 states and the District of Columbia, it is by far the largest cable company in the country. What's more, it holds a regional monopoly on cable TV in a multitude of markets, meaning it's the only affordable televised commercial…
AP: 'Massive Government Spending Cuts' Caused Sharp March Consumer Con
On February 28, though he hedged a bit, Martin Crutsinger at the Associated Press, aka the Administration's Press, wrote the following about prospects for economic growth: "The only impediment may be the across-the-board government spending cuts that kick in Friday — especially if those cuts remain in place for months."
Having established the template, the self-described Essential Global News…
Report: Yahoo CEO (and Her Former Employer Google) Insist That New Hir
Sometimes one learns interesting things perusing stories at tech web sites.
A report by Michelle Maisto at Eweek about Yahoo CEO Marissa Mayer has one nugget of information which has been out there for a while, and another which I believe hasn't been and still isn't widely known about both Mayer and her former employer Google. Both items indicate to me that Mayer as a woman and the two tech…
