At least something good has come out of the Rep. Wiener scandal, a new word. My friend and colleague, who insisted I take his name out of this post, made it up. From now on, any lewd tweet accidentally sent to the tweet universe, should be henceforth known as a twiener (sounded out, it’s tweener). A Goggle search for the term “twiener” turns up no | Read More »
From the diaries by Erick Note to the universe: do you really think the Supreme Court will act like there is a severability clause in ObamaCare, when one does not exist? It’s not like the Supremes spend their dawns poring over statutes, line by line, or anything at all like that. So, President Clinton thought he might mention it. And now TIME magazine is reporting | Read More »
This is real simple: The One and Senate Democrats refuse to ever cut spending in a meaningful way. As a result, paltry cuts are well-reported but never actually occur. The GOP, in control of only the U.S. House, will not precipitate a crisis by refusing to raise the debt ceiling. The White House will call their non-bluff. This will end any ability of the GOP | Read More »
This is the part where the U.S. debt crisis could, maybe, perhaps, possibly get real. If Congress refuses to raise the debt ceiling, so the tax-borrow-and-spend-some-more cycle in D.C. can not continue without change, then Congress and the White House would have to do something real about the debt ceiling. Without the crisis of not raising the debt limit, the U.S. will simply never change | Read More »
This just in, Estonia — the former Soviet communist captive state — has a better financial rating than the United States. Here is the U.S. strategic financial situation — a complete joke. While the public tries to sort out if CBO was right, and the great budget deal only cut $350 million, or the $38 billion widely reported by the mainstream media, Rome is burning. | Read More »
The One’s steadfast refusal to cut spending and his tax raising proposals are not the only thing that is driving the spiraling in of the U.S. economy and the value of the U.S. dollar. No, The One is the trillion dollar President, the spender-in-Chief, and anyone who believes for a second he cares about the deficit or about the Fed’s printing of money or that | Read More »
Similarities of events (patterns) warrant a re-examination of the consequences. For example, when liberalization of energy production options in the United States produces a renaissance in nuclear power generation approvals interest as a viable power generation strategy, and The One actually approves off shore drilling, it seemed that the U.S. was on its way to a Brazil like strategy of finally becoming its own producer | Read More »
To date, The One has not stopped the U.S. economic decline. By all recent measures, none of The One’s policies to-borrow-and-print-money-and tax-and-spend-it-on-the-government has worked. While Japan is experiencing a slow march towards an uncertain fallout outcome, and it begins to call its debts due from the U.S. Treasury, the Federal Reserve announced the very corrosive policy decision to print $600 billion, presumably — in part | Read More »
Politico just spent four pages outlining how the GOP House Freshmen want to cut spending and how Senate Majority Leader Reid refuses to cut spending in order to pass a continuing resolution that would fund the federal government. Meanwhile, The One is radio silent, and is not engaging either the Republicans in the House or in the Senate. The Dems are also in nostalgia-land about | Read More »
The One is finding that States are handing back billions and telling him to take his high speed rail (most of which funds small speed increases for existing slow Amtrak trains) and high tail it out of their state. The One is weak, everyone can see it, smell it and taste it. It invites an expansion of influence into The One’s shrinking sphere of influence. | Read More »
OK, so now I’ve really have heard everything. E.J. Dionne, the uber-liberal, is complaining about the mainstream media coverage, it’s too-tea-party-friendly. Hah. The recent focus on the Federal debt, city and state debt has sent E.J. over the edge — he thinks it is all the Tea Party’s and the media’s fault. Dionne uses the usual go to liberal lines about the bad economy and | Read More »
The New York Times is crying over the many and varied cuts that the GOP in the House is merrily voting on to trim the monster U.S. government. These cuts are a result of not dealing with Social Security, Medicare or Medicaid, so says the New York Times. But the NYT did not oppose ObamaCare, a massive entitlement growth of Medicaid, nor did they call | Read More »
As time slips by, and ObamaCare has it’s appointment with the Supremes — sooner or later — the decision will come to make void ObamaCare and its political wreckage for the Dems. (Of course, the political gains made by the GOP as a direct result of ObamaCare will largely be retained.) It is highly unlikely that the Supreme Court will decide the individual mandate is | Read More »
Oh, the joy! What the objection to the conferees in the U.S. Senate has wrought is the now legal reality of the ObamaCare law being declared null and void. No House and Senate conference for ObamaCare meant that the Dems could not insert a severability clause in the bill, which would allow one of the provisions of a law to be declared unconstitutional, but the | Read More »
After losing the Speaker’s Office and having more than 80 freshmen Republicans encamp in the U.S. House of Representatives, while watching moderate Dems retire at a fast clip in the Senate, it has not stopped the Dems from drinking more of the Jonestown Brigade Kool-Aid served up by the White House and the Minority Leader’s office. It’s a new flavor, they call it ObamaCare. The | Read More »
Here is the thing, when The One gave his address to the Joint Session of Congress on ObamaCare, his speech he repeatedly talked about a bill that was not the bill before Congress. In fact, The One later admitted to then Rep. Stupak (D-MI) — who could not square what Obama said with what was in the ObamaCare legislation — that his Joint Session of | Read More »
The Democrats are going to be tarred and feathered with this issue of over-paying their friends, which is so clearly described by Mortimer Zuckerman below. The Dems cannot escape it, and it will act like the political equivalent of a massive parasite sucking political power, voter consensus and support from the Dems — just like bailouts and ObamaCare did: “According to a study by Daniel | Read More »
We know from the Dem ObamaCare cliff-jumping exercise, that the Dems listen to, and do as they are told by the mainstream media. But the cracks in the ObamaCare-hold-hands-and-sing-kum-bah-ya-love-fest are now beginning to be hard for the MSM to ignore. First, Kate Pickert of TIME magazine wrote a piece that argued the Dems have fallen into a trap by passing ObamaCare, and that politically, things | Read More »
Regular readers of this blog know that one of my major concerns has been an impending bailout of the blue states and cities by the Federal Reserve. This concern was largely eliminated when Federal Reserve Chairman Ben Bernanke put a pad-lock on the Federal Reserve cash machine when he announced the Fed would not bail out cities and states who cannot get their fiscal house | Read More »
Thank you Megan McArdle for this wonderful piece of clarity in confused times. She cites Governor Cuomo (D-NY) blunt and spin-free truth-telling about how to manipulate and influence the political process — a lesson that free enterprise leaders need to understand: Cuomo himself has described the [budget] process thusly: “The governor announces the budget; unions come together, put $10 million in a bank account, run | Read More »
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