OK, for $200K after you’ve given your notice, maybe you don’t tell the Boss to shove it. Seriously, 6eorge? You must be making this up. What type of entity would do something so foolish? Pay for “G’Day”? According to Thursday’s (Detroit) Free Press, Wayne County Executive Robert Ficano said that the $200,000 going away present given to outgoing (Michigan) Wayne County economic development boss Turkia | Read More »
Is this a sign of the Apocalypse? In Skunked, the PIMCO Investment Outlook published today by Bill Gross, the PIMCO Bond King laments I speak, of course, to the budget deficit and Washington’s inability to recognize the intractable: 75% of the budget is non-discretionary and entitlement based. Without attacking entitlements – Medicare, Medicaid and Social Security – we are smelling $1 trillion deficits as far | Read More »
including a new bonus round, “Before the election, or After?” The lead paragraphs in the lowly fourth!! story in the Washington Post today Just after 10:12 a.m. Friday, Leslie Johnson frantically phoned her husband, Jack B. Johnson, the Prince George’s county executive. Two FBI agents were at the front door of their two-story brick colonial in Mitchellville. “Don’t answer it,” the county executive said, unaware | Read More »
Rep. Brian Baird, a retiring six-term Democrat from Washington state, relays to John Fund of the WSJ the advice he would give incoming Republicans: “Governing isn’t as easy as you think. Many of you have taken pledges that are contradictory—to balance the budget and cut taxes, for example. You must be honest about the numbers, since our annual deficit now exceeds all discretionary spending combined. | Read More »
Sorry for the short diary, but I didn’t see any logical place to put this awesome response from Winston Churchill Chris Christie. Gov Christie calls S-L columnist thin-skinned for inquiring about his ‘confrontational tone’ h/t to the National Review Might as well use this diary as an open thread.
Jetson thinks the Dems are giddily running up the deficit, not only to provide the entitlement programs themselves, but to increase the role of government in the future by forcing the “need” for new taxes. In contrast, Jetson favors a 100% tax on all new government programs which would be most efficiently collected by simply eliminating the programs. In his article today, George Will warns | Read More »
While I should expect no less of an MSNBC hack, Norah O’Donnell outdid herself last Friday when she let her “inside words” slip out for all to see. In the clip below, Norah navigates her own mental associations to arrive at “All Black People Are Good Athletes” from Newt Gingrich’s reference to Obama “shooting three-pointers”. But I’m not sure what he means by this particular | Read More »
As the number of active workers supporting each retiree falls from three to two, there will be some hard choices to make. You either cut benefits by 33% or raise the taxes that fund those benefits by 50%. Yikes. Open buffets result in more consumption than a-la-carte purchases and are the most expensive when everything on the menu is included in the buffet. And that’s | Read More »
Does the Left really care about the oppressed? Or are they merely useful pawns in the Left’s quest for power. Of course there is no shortage of the Left’s self-serving criticism of the Iraqi War. In one of the first Lefty articles to come up in a Bing search of Bush Lied, People Died. the author strives to stoke the anger so common in the | Read More »
a short adaptation of Tom Clancy’s work of fiction The First Day Friday, 3 December Captain First Rank Marcia Ramius of the Communist Movement was dressed for the arctic conditions normal to the Northern Atlantic. A dirty tug pushed as she commenced her campaign. The dock that had held the Red October for 46 interminable years was now a water-filled concrete box, one of the | Read More »
in his latest column Kudlow writes What’s a yield curve and why is it so important? Well, the curve itself measures Treasury interest rates, by maturity, from 91-day T-bills all the way out to 30-year bonds. It’s the difference between the long rates and the short rates that tells a key story about the future of the economy. When the curve is wide and upward | Read More »
Will: Why are we still in Afghanistan? Each call regarding whether to continue to pursue a war or not is its own animal. Will got the call in Iraq horribly wrong when he deemed it ill-advised after learning that the expected WMDs were not to be found in Iraq. Unless the D’s snatch defeat out of the jaws of victory in Iraq–which is very possible | Read More »
With the election of 2044 a mere 423 months away, multiple Republican prospects — almost certainly including Piper Palin — are gearing up for the run for the Oval Office. For a party anxious to move past 2008, it’s not too soon to start thinking about “the next, next, next, next, next, next, next, next, next time,” as the pros call it. Now officially, of | Read More »
Sorry, Jetson, you lose. The story contains no mention of The Party That Must Not Be Named. Mary Easley is fired; Oblinger resigns N.C. State Chancellor James L. Oblinger resigned and former first lady Mary Easley was fired Monday in a stunning new round of fallout over her job at the university. After weeks of flat out denial, Oblinger’s lies denying any use of influence | Read More »
Ho-hum. This time it’s Mike Easley, former Democratic Governor of North Carolina from 2001-2009. From Raleigh’s left-leaning, but no punch-pulling (here) News and Observer, …Interviews and records, some kept secret while Easley was in office, show that the Easley family reaped many rewards from its relationship with (McQueen) Campbell: • Inside access on the Cannonsgate land deal. Campbell, familiar with plans for the | Read More »
Yesterday, Gamecock documented the expansion of the NC State purview into privately owned restaurants. The smoke-free Mob In spite of the existing self-segregation of NC restaurants into two-thirds smoke-free, one-third, smoking allowed. (Matching the distribution of non-smokers/smokers quite well.) From Britain, as a sign of where the need for control can go, Gordon Brown’s War on Obesity should give us pause. But what really ticked | Read More »
This is what we’re up against. A speech given by Tom Tancredo today (4/15) at UNC-Chapel Hill was shut down by thug tactics. The speech is interrupted at 2:20. The window is broken at 2:45. Good job by the video operator/commentator William Green.
Carl Spackler Hired by Spokane Parks Hello? Anybody home? Hello, Mr. Gopher! Its me, Mr. Squirrel. Just a harmless squirrel. Not a plastic explosive or anything. Nothing to be worried about. Im just here to make your last hours on earth as peaceful as possible. Dont mind this. This is doctors orders. You dont mind if I just pop in there for a few laughs? | Read More »
I thoroughly enjoyed Mark Hemmingway’s third person account in the National Review, which provided a forum for Dirk to add some contextual comments such as Not being able to shy away from such politically incorrect opinions also might have had something to do with his decision to abandon Hollywood for Montana. And Benedict protests that he never had the pathological hunger for fame that characterizes | Read More »
“It is not going to help a lender who knowingly made a bad loan.” Bagdad Bob Gibbs Of course it’s not going to help a shady mortgage originator that sold off the cash flows to the aiding and abetting Fannie Mae & Freddie Mac. That mortgage originator took his or her cut long ago and passed the risk off to Fannie & Freddie, who used | Read More »
From Clinton Says Don’t Blame Him for the Economic Crisis On Monday morning’s Today Show, Ann Curry’s interview with the former president – recorded over the weekend outside a Clinton Global Initiative event in Texas – addressed Clinton’s inclusion on TIME’s list of the "25 People to Blame" for the global economic collapse. “Oh no,” he responded, “My question to them is: Do any of | Read More »
While the often-cited big picture conclusion is correct (the CRA was very harmful), I don’t think we’re getting the series of events quite right. Certainly, the Community Reinvestment Act sanctioned and encouraged subprime lending. But I don’t believe banks were necessarily drawn kicking and screaming to participate. To the contrary, subprime lending was profitable in the early 2000s, and defended strongly by such “champions of | Read More »
citing those “failed (goverment) policies of the past eight years” as to why we must act hastily in passingfalling for the destimulus bill. Would you care to elaborate as to what those failed government policies were?? Was not the housing sector at ground zero of the economic slow down? Yes or no. Did the US massively overallocate debt-financed resources into the housing sector? Yes or | Read More »
As promised, a diary entry with links to articles on the near commerical paper mkt meltdown. It turns out that if you perform a simple Google search on “Commercial Paper” meltdown, you’ll get accounts of the near meltdown from varioius perspectives below. And as mentioned, RedState contributor Francis Cianfrocca would give you a more authoritative perspective. Some of his comments can be found here , | Read More »
As all of the MSM know, President George W. Bush is a complete and total idiot. Science has proven beyond a shadow of a doubt that he is the Worst. President. Ever. In a little reported but interesting turn of events, Obama is choosing to continue many of George Bush’s policies by retaining Secretary of Defense Robert Gates, selecting a major player from the Paulson/Bernanke/Bush | Read More »
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