Tag: policy

Another dismal jobs report.

9:47 am

Another dismal jobs report.

Job growth amounted to a disappointing 80,000, below analyst expectations of 90-100K, while the jobless rate remained the same at 8.2%:

Read the whole article. There’s a lot more, all of its depressing and trending downward.

While no President should be blamed entirely for the unemployment numbers, the policies of any President do have a direct influence on those numbers, and should bear some responsibility, especially in this era where we have ceded so much power to the federal government. Consider this graph (below the fold), which shows the “total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.” The steep upward swing, beginning in 2008, sadly corresponds too closely with the beginnings of the Obama administration. And it is with this administration that we have seen the worst deficits, the most regulation, and the biggest increase in the power of government in our lifetimes. It is thus no surprise the economy has crumbled.
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Obamacare: the final battle.

9:27 am

Obamacare: The final battle.

Mitt Romney said it best on Thursday. “If we want to get rid of Obamacare, we’re going to have to replace President Obama.” Those who have been sitting on the sidelines, out of complacency or loyalty to someone else from the primaries, must get out of their chairs and get to work. But while that work must end with Mitt Romney in the White House, it must begin with a Republican majority in the Senate.

As I said last week, the only right way to get this terrible law it is for the voters to insist upon its repeal. And the only way to do that is to elect politicians who say they will repeal it. Not only will that get rid of the law, but it will instill such fear in politicians that it will be decades before any of them will attempt to introduce another one of these kinds of draconian laws.

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A SWAT team in Indiana broke down the unlocked front door, tossed in stun grenade, and then stormed into … (wait for it) … the wrong house.

11:00 am

Does this make you feel safer? A SWAT team in Indiana broke down the unlocked front door, tossed in stun grenade, and then stormed into … (wait for it) … the wrong house.

Update: Thank you Steve for noting that I typed the wrong state, Illinois, in the post. This has now been corrected.

2 comments

“It’s all up to the voters now.”

10:31 am

“It’s all up to the voters now.”

It always has been up to the voters. Sadly, my baby-boom generation has too often turned to the courts to absolve themselves from responsibility for making tough decisions as voters. With Obamacare, that is no longer possible. If the public wants to get rid of this turkey of a law, which every poll says they do, the public had better come out to the polls in November and vote for candidates who are in favor of its repeal.

11 comments

A Modest Proposal

9:48 am

“A Modest Proposal.”

Now that the Roberts Court has affirmed that the government has the power to mandate purchases of private goods and services as long as it’s structured as a tax, I propose that we put this new-found authority in the service of an explicit Constitutional right. For far too long, too many Americans have suffered from an inequal distribution of firearms, despite the Second Amendment’s express exhortation to “keep and bear arms,” in large part because income inequality in this nation has kept the poor and working classes from having the proper protection for themselves and their loved ones. We need to end this disparity now by applying the ObamaCare model immediately.

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The scientific stupidity of the TSA’s security rules.

10:03 am

The scientific stupidity of the TSA’s security rules.

Here’s one example from the article:

Take the Transportation Security Administration’s rules about carry-on electronics, for example. Laptops have to come out of their bags and lie flat in a plastic tub—but not tablets, phones, Kindles, cameras or portable game consoles. Why the distinction? The TSA says that it’s not just about detecting explosives: removing bigger gadgets also unclutters your bag for better x-ray examination. Even so, on close inspection the rules get arbitrary very quickly. For example, according to the TSA, the 11-inch model of the MacBook Air is fine to leave in your bag, but the 13-inch model must be removed.

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Obamacare: 0-98

2:37 pm

Obamacare: 0-98

As the nation awaits the Supreme Court’s ruling on President Obama’s centerpiece legislation, it’s worth reviewing the American public’s response to it across the 27 months since Obama signed it into law. Over that span, from March 2010 through a poll released this morning, Rasmussen has conducted 98 polls of likely voters. All 98 times, support for repeal has outpaced opposition to repeal. Across 98 contests, Obamacare has gone 0 and 98.

What amazes me is how completely oblivious the Democratic Party has been to these polls. Despite the public’s clear and passionate opposition to this law the Democrats have continued to act as if they believe the law will win them votes.

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The Dodd-Frank downgrade.

10:11 am

The Dodd-Frank downgrade.

What comes through in the Moody’s assessment [the credit-rating downgrade of 15 banks] and in any review of their returns on equity is that banks have lost significant ability to generate earnings to offset the inevitable losses. The lost earnings power is surely due in part to reduced leverage, which helps protects taxpayers.

But 2,300 pages of Dodd-Frank and countless other federal efforts to put sand in the financial gears are also taking their toll. The Obama tax and regulatory frenzy, of which Dodd-Frank is a part, weighs on economic growth. Those are our words, not Moody’s, but the rating agency does note that the abysmal economic environment is a drag on ratings for everyone.

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Forbidden by the Forest Service from using powered equipment, a shovel brigade of 60 people last weekend made temporary repairs to Tombstone’s water line.

7:30 pm

Forbidden by the Forest Service from using heavy equipment, a shovel brigade of 60 people last weekend made temporary repairs to Tombstone’s water line.

“It took 60 people two days to complete a work project that could have been done in two hours with the appropriate equipment,” Barnes said. “We have a lot more work that needs to be done up there, but we don’t have the permits from the forest service to go back.”

For reasons that only bureaucrats understand, the Forest Service decided that the use of heavy equipment like a bulldozer is more harmful to nature than 60 people with shovels, even though in the end the work done is exactly the same, and that this same work was done repeatedly in the past by heavy equipment.

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The Social Security Trust Fund will start losing value in 2013.

3:19 pm

The day of reckoning looms: The Social Security Trust Fund will start losing value in 2013, not 2020 as claimed.

In 2010, Social Security’s Office of the Chief Actuary projected that this interest income would keep the trust fund growing in real value through 2020. The 2011 projections moved this date to 2018, and the recently released 2012 projections pushed the date to 2012, meaning that the trust fund will start declining in real value next year. After 2013, the trust fund is projected to decline by greater amounts each year until becoming exhausted in 2033.

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