Grandiose Double Dipping Flip Flap
November 19, 2008 | Filed Under Business, Congress, Democrats/Leftists, Economy/Finances, Media Bias, News, Publius Contributor, Socialism, Society/Culture, Taxes, Vince Johnson | No Comments
-By Vince Johnson
What percentage of the U.S. population understands the language used by those assigned to the task of getting our economy back on course? Take this quick test and you’ll see what I’m driving at:
Q: What does “PWG” stand for? A: President’s Working Group on Financial Markets.
Q: When was the “PWG” established? A: Undetermined. Best guess is “recently”.
Q: What authority does the “PWG” have? A: Undetermined.
Q: What is an “Initiative to strengthen OTC Derivatives Oversight and Infrastructure”? A: Huh? Duh!
Q: What is a “Credit Default Swap Central Counterparty”? A: Grandiose double-dipping-flip-flap if I ever heard it.
The above questions are based upon a News Released issued by the U.S. Department of Treasury on November 14, 2008. The first three paragraphs are quoted below. If you want the full text let me know and I’ll send it. You can also get to it using Google with key words “U.S. Department of Treasury News Releases”.
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MSNBC Pronounces Auto Industry ‘Needs’ Bailout, Says Republicans Tell Industry to ‘Drop Dead’
November 17, 2008 | Filed Under Budget, Business, Congress, Democrats/Leftists, Economy/Finances, Government, Corruption, Media Bias, News, Publius Contributor, Republicans, Socialism, Society/Culture, Taxes, Unions, Warner Todd Huston | No Comments
-By Warner Todd Huston
Well, I guess that settles it. We don’t need any political discussion or economist’s studies. The auto industry officially needs a bailout. It’s just a fact. After all, MSNBC and BusinessWeek have just said it. The auto industry “needs” one or it cannot survive. Oh, yeah, and MSNBC is also informing the world that Republicans have told auto workers to “drop dead.” I think this is what the Old Media calls “news.”
This story by David Kiley of BusinessWeek is amazing for its assumptions, pronouncements and slanted anti-capatilist rhetoric and it boggles the mind that it could be called journalism. It certainly isn’t “news” because of all the personal opinions that Kiley pads this thing with, anyway.
Unions Killing Detroit
November 17, 2008 | Filed Under Business, Congress, Democrats/Leftists, Economy/Finances, Government, Corruption, News, Publius Contributor, Socialism, Society/Culture, Taxes, Unions, Warner Todd Huston | No Comments
-By Warner Todd Huston
Dan Ikenson of the CATO Institute has another great posting on the “cancer” that is unions in the U.S. auto making industry.
If you’ve followed developments in the auto industry at any time during the past couple couple decades, you’ve probably heard of GM’s “Jobs Bank.” This nausea-inducing scam was the concoction of the UAW in the 1980s. Rather than allow GM to layoff workers when conditions warranted, the UAW had GM assign workers to the Jobs Bank, where they were paid almost full wages and benefits NOT to work. The Jobs Bank was pitched nominally as a retraining program, where workers would acquire the skills and train themselves in the technologies and techniques of the future, or where “workers” could perform community services.
Creeping Socialism… THAT is What Bailouts Are
November 17, 2008 | Filed Under Business, Communism, Congress, Conservatives, Constitution, Democrats/Leftists, Economy/Finances, Education, Elections, History, Jobs, Media Bias, News, Publius Contributor, Republicans, Socialism, Society/Culture, Taxes, Warner Todd Huston | No Comments
Ronald Reagan’s wisdom can be directed against these bailouts.
A nation of Peter Pans
November 15, 2008 | Filed Under Budget, Democrats/Leftists, Education, Elections, Family, Government, Corruption, Health, Media Bias, Michael Bates, News, Publius Contributor, Security/Safety, Socialism, Society/Culture | No Comments
-By Michael M. Bates
Author J. M. Barrie gave literature Peter Pan, the boy who refused to grow up. Government, by encouraging people to not assume the responsibilities of adulthood, is fashioning a nation of Peter Pans.
Many health insurance policies allow parents to carry their children as covered dependents until they turn 19 or, if a full-time student, around 23. That’s changing. Two years ago, New Jersey required health insurance companies to extend coverage to qualifying children up to age 30.
Tony Rezko’s favorite Democratic governor, Illinois’ Milorad Blagojevich, used his amendatory veto authority this year to do the same. The covered “children” need not be students nor even live with their parents.
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The French First Lady: Eye Candy and Air
November 15, 2008 | Filed Under Anti-Americanism, Barack Obama, Democrats/Leftists, Elections, Foreign Policy, Government, Corruption, Media Bias, News, President, Publius Contributor, Security/Safety, Selwyn Duke, Socialism, Society/Culture | No Comments
By Selwyn Duke
It’s hard to shock a man living in a planetary insane asylum, so it doesn’t raise my eyebrows when I watch a people commit suicide. Nevertheless, I had to shake my head when I read about how Barack Obama’s election has inspired France to consider affirmative-action policies to combat their dreaded “white political and social elite.” Weighing in on this pressing problem is none other than singer, esteemed intellectual and French first lady Carla Bruni-Sarkozy. Writes Cnews.canoe.ca:
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