Not good: The man tapped to head Romney’s transition team should he win the election favors implementing Obamacare on the state level.
The Romney campaign responded to say that Romney intents to repeal Obamacare fully once in office. Still, to pick this man to head his transition team is worrisome.
Bipartisan corruption: A bank run by an Obama fund-raiser has gotten an Republican-led House committee to exempt that bank from provisions of the Dodd-Frank act, saving the bank $300 million.
Any law that allows legislators to grant individual waivers isn’t a law at all but a form of extortion: Pay up or you won’t get your exemption. Dodd-Frank, as well as much of all the legislation passed by Congress in the past decade, should be repealed so that everyone gets the exemption.
In his first two years in office, Democrats gave Mr. Obama everything he wanted, save for cap and trade and union card-check, which would have done even more harm to job creation. They passed stimulus, ObamaCare, multiple housing bailouts, Dodd-Frank and more.
Even after Republicans took the House, they gave Mr. Obama the payroll tax holiday he demanded first for 2011 and again for 2012. Far from some new fiscal “austerity,” overall federal spending hasn’t declined. Meanwhile, the Federal Reserve has delivered monetary stimulus after stimulus—QE I, QE II, Operation Twist, and 42 months of near-zero interest rates with the promise of 30 months more.
Mr. Obama has had the freest run of policy of any President since LBJ. So maybe the problem is the policies.
Maybe Milton Friedman was right that “temporary, targeted” tax cuts don’t change the incentives to invest or hire because people aren’t stupid. Maybe each $1 of new federal spending doesn’t produce a “multiplier” of 1.5 times that in added output. Maybe the historic burst of regulation of the last three years has harmed business confidence and job creation. And maybe the uncertainty that comes from helter-skelter fiscal and monetary policy has dampened the animal spirits needed for a durable expansion.
As I said yesterday, though no president or Congress is entirely to blame for the state of the economy, they both can do great harm if they make decisions that interfere with the freedom of the market. And sadly, having the government interfere with the freedom of the market has been Obama’s mantra since the day he took office.
The day of reckoning looms: The head of the World Bank yesterday warned that Europe is heading for an economic “danger zone” as bad as 2008.
Not good: The Labor Department announced today that the U.S. economy only added 69,000 jobs in May, the fewest in a year.
The unemployment rate went up slightly as well, Labor also adjusted downward the number of jobs created in the past two months to terribly comparable numbers.
While no president is ever entirely responsible for the state of the economy, Barack Obama’s policies have certainly done significant harm. High regulation, Obamacare, and a clear hostility to private enterprise in all fields except space exploration has helped produce what appears to be the longest period with a floundering economy in my lifetime.
The trial of seven earthquake scientists in Italy on charges of manslaughter for not correctly predicting the earthquake in L’Aquila continued yesterday with each of the defendants testifying.
The trial will not resume again until the fall.
A government study has found that the more educated in science and math an American is, the more likely they will be skeptical of the dangers of global warming.
The results of the survey are especially remarkable as it was plainly not intended to show any such thing: Rather, the researchers and trick-cyclists who carried it out were doing so from the position that the “scientific consensus” (carbon-driven global warming is ongoing and extremely dangerous) is a settled fact, and the priority is now to find some way of getting US voters to believe in the need for urgent, immediate and massive action to reduce CO2 emissions.
Having discovered that educating the public will defeat these activists in their goals, the researchers than suggest, like Paul Krugman, that maybe the U.S. government should stop trying to educate people and focus on fake propaganda instead.
Finding out what’s in it: A college has been forced to double the healthcare fees it charges its students, and lays the blame solely on Obamacare.
Banned by the Forest Service from using heavy equipment to repair their water supply, Tombstone residents are planning an event in June where thousands will gather to do the work manually with shovels.
According to the Tombstone Shovel Brigade’s website, the group was established for several reasons, including to bring public awareness to the issues facing the city regarding repairs to its historic water system and the “limited cooperation” the city has received from the Forest Service.
“Another goal of the Tombstone Shovel Brigade is to get a lot of work done using hand tools and horses. A few workers can only make so much progress but a couple of thousand people with picks, shovels, ropes and chains can accomplish a lot and will send a loud message to the National Forest Service and the federal government,” states the website.
We’re here to help you: The University of Arkansas has been forced by the Obama Justice Department to allow a male student permanent access to female bathrooms.
From the Palestinian Authority: “[Christians and Jews] are inferior and smaller, more cowardly and despised.”
Two points: 1. This was read on the PA’s official television network by a a young girl as part of a children’s show. 2. Our federal government, under the Obama administration, has sent the PA hundreds of millions of dollars to fund this kind of bigotry and hate.
