1 hospitalized after carbon dioxide poisoning Associated Press 9:19 p.m. EDT April 14, 2014
ROCHESTER, Minn. - A Rochester bar employee is hospitalized after being overcome by carbon dioxide from the restaurant's pop machine. Authorities say 63-year-old Jerry Johnson was poisoned by the gas while working Monday morning at Rooster's Barn and Grill. Deputy Fire Chief Vance Swisher tells KTTC-TV employees at Rooster's heard what sounded like something leaking. That's when Johnson went downstairs to check it out. Swisher says a carbonation machine that puts the fizz into the restaurant's pop had malfunctioned and filled the basement with carbon dioxide. Johnson collapsed when he went into the basement. A co-worker called 911. Restaurant patrons and employees tried to pull him out, but turned back because they couldn't breathe. Firefighters had to use breathing tanks while inside the restaurant. Mayo Clinic says Johnson is in serious condition.
Ben Carson: White House wanted apology for ‘offending’ Obama 11:41 PM 04/14/2014
Neurosurgeon Ben Carson says the White House wanted him to apologize for “offending” President Obama after he famously delivered a conservative message at the National Prayer Breakfast last year.
Carson, the former director of pediatric neurosurgery at Johns Hopkins Hospital, recalls the events surrounding his 2013 speech in his new book, One Nation: What We Can All Do To Save America’s Future. The Daily Caller obtained an advance copy of the book, which is set for release May 20.
“He did not appear to be hostile or angry,” Carson writes of Obama, “but within a matter of minutes after the conclusion of the program, I received a call from some of the prayer breakfast organizers saying that the White House was upset and requesting that I call the president and apologize for offending him. I said that I did not think that he was offended and that I didn’t think that such a call was warranted.”
I wonder what any Rand Paul supporters here think of the specific points made by Stephens, such as this one:
Dick Cheney, who opposed driving all the way to Baghdad when he was defense secretary in the first Bush administration, later went to work for Halliburton. "Makes hundreds of millions of dollars, their CEO. Next thing you know, he's back in government and it's a good thing to go into Iraq." Mr. Paul's conclusion: "9/11 became an excuse for a war they already wanted in Iraq."
Let's dissect that a little. The circumstances for not going into Baghdad a decade earlier were different - a misleading and empty comparison. The reasons to want to go into Iraq prior to 9/11/01 were lengthy including the violation of all agreements made in the original ceasefire, supporting terrorists - yes, nuclear inspection refusals and shooting daily at American aircraft. To focus on the Halliburton profit take is to join and validate the shameful left, in my view. The Ron Paul view , and Rand Paul too if he embraces it, is that we shouldn't have been there in the first place enforcing those agreements, leaving him/them again with only the strange bedfellows of the far-left.
Let's accept that we all have different views on foreign policy. People including Bill Krystal (and Crafty) heavily faulted Rumsfeld and Bush for staying too long with a failed strategy in Iraq. But that is VERY different from the statement above which attacks the motive of the American - Republican Vice President, not just the strategy of the people who disagree with him, even on his own team.
Besides rejecting the winning concept of peace through strength, needlessly attacking your own side below the belt is not exactly Reaganesque.
In case Hank Aaron is reading the forum: The hate mail you received was not from 'all of us' and maybe not from any of us, and the reason we don't like Barack Obama as President is because of his policies, not his race. If he was Dennis Kucinich or Howard Dean, the opposition would be the same or worse.
This story is amazing. The Feds concede the loss of control, turn it to state and local authorities and then ban them from any enforcement. If it's not safe or secure 75 miles in, then its not safe anywhere - it's not like we have another line of defense somewhere further in.
Let HHS nominee Sylvia Burwell explain Obamacare lie:
“if you like your health-care plan, you can keep your health-care plan.”
Burwell was OMB director when Obama declared on Sept. 26, 2013: “Now, let’s start with the fact that even before the Affordable Care Act fully takes effect, about 85 percent of Americans already have health insurance — either through their job, or through Medicare, or through the individual market. So if you’re one of these folks, it’s reasonable that you might worry whether health-care reform is going to create changes that are a problem for you — especially when you’re bombarded with all sorts of fear-mongering. So the first thing you need to know is this: If you already have health care, you don’t have to do anything.” ---- "Burwell should explain to Congress and the American people how her office allowed blatant falsehoods to get into presidential speeches, including whether political aides overruled career policy advisers who warned that the president’s claims were untrue." - Marc Thiessen, Washington Post
Nothing is going right for Hangzhou at this moment. Walmart will be closing its Zhaohui store in that city on April 23 as a part of its overall plan to dump marginal locations—about 9% of the total—in China.
Thanks to the world’s largest retailer, another large block of space in Hangzhou, the capital of Zhejiang province, will go on the market at a time when there is generally too much supply. The problem is especially pronounced in the city’s premium office market. Hangzhou’s Grade A office buildings at the end of 2013 had, according to Jones Lang LaSalle, an average occupancy rate of 30%.
The real weakness, however, is Hangzhou’s residential sector. The cause is simple: massive overbuilding. Sara Hsu of the State University of New York at New Paltz writes that Hangzhou faces “burgeoning swaths of empty apartment units.”
Hangzhou’s market has not yet collapsed. There are still secondary sales, for instance. Singapore’s Straits Times reports Allen Zhao, a businessman, has been looking to sell his two-bedroom flat in Hangzhou for 2 million yuan. His neighbor just let go a similar unit for 1.7 million. If Zhao also sells for that amount, he will make a profit, but he will be disappointed. “That is not much more than the price I paid in 2012,” Zhao told the paper. “Now I’m regretting not selling earlier—more bad news about the property market keeps coming in every day.”
New homes also face price pressure. Developers in Hangzhou are now offering deep discounts, and investors and owners are noticing. And not just in that city. “It seems that the 30% price cut in Hangzhou really changed the way Chinese people think about real estate,” writes Anne Stevenson-Yang of J Capital Research, “and I doubt there is any turning back from here.” (more at link)
Try this thought experiment. Imagine that someone grows up in poverty, works his way through law school by holding the night shift as a Capitol Hill policeman, and spends all but two years of his career as a public servant. Now imagine that this person’s current salary — and he’s at the top of his game — is $193,400. You probably wouldn’t expect him to have millions in stocks, bonds, and real estate.
But, surprise, he does, if he’s our Senate majority leader, whose net worth is between 3 and 10 million dollars, according to OpenSecrets.org. When Harry Reid entered the Nevada legislature in 1982, his net worth was listed as between $1 million and $1.5 million “or more,” according to the Las Vegas Review-Journal. So, since inquiring minds inquire, let’s try to figure out how Reid’s career in public service ended up being so lucrative. He hasn’t released his tax returns, which makes this an imperfect science, but looking at a few of his investments helps to show how he amassed his wealth.
In 2004, the senator made $700,000 off a land deal that was, to say the least, unorthodox. It started in 1998 when he bought a parcel of land with attorney Jay Brown, a close friend whose name has surfaced multiple times in organized-crime investigations and whom one retired FBI agent described as “always a person of interest.” Three years after the purchase, Reid transferred his portion of the property to Patrick Lane LLC, a holding company Brown controlled. But Reid kept putting the property on his financial disclosures, and when the company sold it in 2004, he profited from the deal — a deal on land that he didn’t technically own and that had nearly tripled in value in six years.
When his 2010 challenger Sharron Angle asked him in a debate how he had become so wealthy, he said, “I did a very good job investing.” Did he ever. On December 20, 2005, he invested $50,000 to $100,000 in the Dow Jones U.S. Energy Sector Fund (IYE), which closed that day at $29.15. The companies whose shares it held included ExxonMobil, ChevronTexaco, and ConocoPhillips. When he made a partial sale of his shares on August 19, 2008, during congressional recess, IYE closed at $41.82. Just a month later, on September 17, Reid was working to bring to the floor a bill that the Joint Committee on Taxation said would cost oil companies — including those in the fund — billions of dollars in taxes and regulatory fees. The bill passed a few days later, and by October 10, IYE’s shares had fallen by 42 percent, to $24.41, for a host of reasons. Savvy investing indeed. Here’s another example: The Los Angeles Times reported in November 2006 that when Reid became Senate majority leader he committed to making earmark reform a priority, saying he’d work to keep congressmen from using federal dollars for pet projects in their districts. It was a good idea but an odd one for the senator to espouse. He had managed to get $18 million set aside to build a bridge across the Colorado River between Laughlin, Nev., and Bullhead City, Ariz., a project that wasn’t a priority for either state’s transportation agency. His ownership of 160 acres of land nearby that stood to appreciate considerably from the project had nothing to do with the decision, according to one of his aides. The property’s value has varied since then. On his financial-disclosure forms from 2006, it was valued at $250,000 to $500,000. Open Secrets now lists it as his most valuable asset, worth $1 million to $5 million as of 2010.
How Reid acquired that land is interesting, too. He put $10,000 into a pension fund his friend Clair Haycock controlled, to take over the 160-acre parcel at a price far below its assessed value. Six months later, Reid introduced legislation that would help Haycock’s industry, a move many observers said appeared to be a quid pro quo, though Reid and Haycock denied that the legislation was the result of a property deal.
We don’t know how much more money Reid has or how he made all of it. For that, we’d have to see his tax returns.
'Smart growth' means that leftist, centrally planned governments will tell you where you may work, live and travel.
THE LEFT’S DREAM IS THE TWIN CITIES’ NIGHTMARE Relying on the excellent work of Katherine Kersten, we’ve written before about the left’s big plans for the Twin Cities. The Metropolitan Council, an unelected body, wants to steer new jobs, homes, and economic development to areas within one half mile of major transportation stops. These stops will mostly be in the urban core and inner-ring suburbs.
In these favored areas, tax dollars will be lavished on high-density housing, bike and pedestrian amenities, and subsidized retail shops. The money thus lavished will come from people who live elsewhere.
The transportation needs of the rest of the metropolitan area will take a back seat. Money to improve highways and bridges will shrink. Congestion will grow and traffic safety will suffer. Residents will be pushed into “stack and pack” high-density housing.
As Kersten observes in her latest column on the subject, such a regime “is a tough sell in a democracy in which people believe they have a right to govern their own towns with their neighbors.” Accordingly, it is being promoted as the price the Twin Cities region must pay to remain “economically competitive” with peer regions. The Council insists that without its program — which it markets as Thrive MSP 2040 — the Twin Cities will lose jobs and creative young professionals to more enlightened metro areas like Portland and Seattle.
Intuitively, though, it seems obvious that, in Kersten’s words, people don’t move to a metro area for light rail; they move for opportunity. Similarly, intuition tells us that rigid central planning around a leftist agenda does not promote opportunity.
The facts bear this out. According to the Council’s own data, between 2000 and 2010, while the Twin Cities were was losing population and New York and Los Angeles were experiencing a mass exodus, Atlanta gained 415,000 residents; Dallas-Fort Worth 318,000; Houston 241,000, and Raleigh, North Carolina 190,000.
What do these “people magnets” have in common? Less burdensome government regulation and fewer land use restrictions. Both are strongly correlated with greater economic growth. Thus, Kersten concludes that the Council’s plan will push the Twin Cities in exactly the wrong direction.
In reality, though, Thrive MSP isn’t about competing with other areas for jobs and creative professionals. Rather, it’s about implementing a vision of how, as a matter of leftwing ethics and aesthetics, we should live. People always seem to vote with their feet against this top-down, authoritarian approach.
The Council’s other rationale for Thrive MSP is concern about the economic plight of the region’s low-income households. Here, the Council may be sincere. However, as Kersten shows, these households are likely to suffer most from its misguided policies:
The council deplores our region’s lack of “affordable housing.” Yet its drive for densification likely will significantly increase housing prices, which will harm low-income residents. Rents will rise, too. In Portland, for example, income-adjusted median gross rents in high-poverty areas rose more than 2.5 times the increase in the rest of the metro area during densification from 1999 to 2009.
The “gentrification” that accompanies transit-oriented development often disproportionately displaces low-income households, driving them from the urban core to more dispersed areas with less transit. Low-income families also suffer disproportionately when bus service must be cut to pay for light rail serving well-heeled suburbanites, as frequently occurs.
Clinton administration memories from an Obama cabinet appointee.
Don't get me wrong, Sylvia Mathews Burwell is a Rhodes Scholar level trash sorter. And we believe her about what she decided was important and not important in what they found, took, hid and discarded from Vince Foster's office - the day that he died.
http://www.nytimes.com/1995/07/26/us/no-intention-to-question-first-lady.html Members questioned Sylvia Mathews, a former White House aide, in laborious detail about what she had found in Mr. Foster's garbage on the night he died. Other than a few routine documents, the garbage contained nothing that shed light on Mr. Foster's thinking, said Ms. Mathews, who is now chief of staff at the Treasury Department.
Republicans on the committee found it significant, however, that Ms. Mathews had also managed to retrieve a special bag of garbage containing classified and sensitive papers that was usually destroyed by the Secret Service. The contents of that bag were never examined by anyone to see if Mr. Foster had left anything in it that might shed light on his state of mind.
Ms. Mathews said that she got the bag from the Secret Service and began looking briefly through it, when she discovered that it contained all of the classified garbage from the West Wing. Concerned about a possible security breach, she sought Mr. Nussbaum's opinion about whether to continue looking through it. She said she was told by Mr. Nussbaum that since Mr. Foster did not have a classified garbage bin in his office, it was doubtful that there would be anything from Mr. Foster in the bag. Therefore, she said, Mr. Nussbaum told her to return the bag unexamined to the Secret Service to be disposed.
The White House said after the hearing that a Secret Service agent on detail that evening said Mr. Nussbaum had been mistaken and that in fact there had been a special classified garbage bin, or "burn bag," in Mr. Foster's office. But the agent also said Mr. Foster's classified bin had never been emptied into the bag that Ms. Mathews had retrieved.
Whatever one thinks about the US' role in the world, and whether or not we should be the world's policman, can we just agree on one obvious certainty - under this leadership and mindset the US is going to defend no one.
Under any real threat of aggression, the non-nuclear states of Taiwan, Japan and South Korea are going to fold like Asian Ukraines, falling first for the neo-liberal-US 'guarantee' of their security, and second for non-threatening rhetoric of their power hungry neighbors.
Let Asia Go Nuclear | The National Interest | April 14, 2014
America’s policy of opposing the proliferation of nuclear weapons needs to be more nuanced. What works for the United States in the Middle East may not in Asia. We do not want Iran or Saudi Arabia to get the bomb, but why not Australia, Japan, and South Korea? We are opposed to nuclear weapons because they are the great military equalizer, because some countries may let them slip into the hands of terrorists, and because we have significant advantage in precision conventional weapons. But our opposition to nuclear weapons in Asia means we are committed to a costly and risky conventional arms race with China over our ability to protect allies and partners lying nearer to China than to us and spread over a vast maritime theater.
None of our allies in Asia possess nuclear weapons. Instead, they are protected by what is called extended deterrence, our vaguely stated promise to use nuclear weapons in their defense if they are threatened by regional nuclear powers, China, North Korea and Russia. ... More at link --------------
As we build down our arsenal, de-fund our ships, bring home our troops, and focus on our bureaucracy at home, what is Plan B for securing our allies?
pro-Russian forces taking control of the police headquarters in Kramatorsk
Takeover Of A Local Government Building In Kramatorsk, In The Donetsk Oblast of Ukraine, April 12, 2014
A video that clearly shows the ontology of the takeover of a local government building in Kramatorsk, in the Donetsk region. First, organized spetsnaz teams enter--guns blazing. They are followed by organized bands of less well armed "titushky" ( paid $ 500 if they participate in a takeover) and these are followed by local protestors--mainly poor, some ideological-- (many of whom are reportedly encouraged with payments of $50 for participation in protests). Phase one and two of such a takeover is chillingly recorded in this video. This is a planned, military and paramilitary operation.
Sebelius: The Greatest Hits Collection It's been quite a year for the outgoing HHS secretary. And now she won't get to keep her health plan.
Kathleen Sebelius, who has presided over the disastrous rollout of the Affordable Care Act, is expected to resign as Secretary of Health and Human Services. The news comes less than two weeks after she told the Huffington Post that she would "absolutely" stay in office through November. A Journal editorial notes that her departure "before the election reckoning" is "best understood as one more attempt to dodge political responsibility."
It's been quite a year for the former Kansas governor. At around this time in 2013 Ms. Sebelius was pressuring private companies she regulates to make "independent" donations to outfits promoting ObamaCare.
But the aggressive sales job could not overcome defects in the product. October brought the failed launch of the healthcare.gov website, which Ms. Sebelius initially characterized as simply the result of surging consumer demand for ObamaCare and a "great problem to have."
December brought more embarrassing news as Ms. Sebelius waived the law's individual mandate to buy insurance by categorizing ObamaCare itself as a hardship worthy of exemption.
This was just one of many on-the-fly rewrites the administration claimed the authority to make under a law passed by Congress and signed by the President. As recently as last month, Ms. Sebelius enacted what a Journal editorial called "ObamaCare Delay Number 38"—an extension of the deadline for individuals to enroll in an insurance plan— just weeks after she told Congress that such a delay would not occur.
Though she is leaving now, her legacy is secure, as her name adorns several of the most consequential federal cases resulting from the law. Halbig v. Sebelius is testing whether the Obama Administration can continue to subsidize insurance exchanges created by the federal government, even though the law says it cannot. And the cases of Sebelius v. Hobby Lobby and Conestoga Wood Specialties v. Sebelius test whether the Obama Administration can force the owners of private businesses to violate their religious beliefs.
Of course there's a reason that the law isn't called SebeliusCare. She is merely the person charged by the President with imposing the law upon American patients and doctors. Her resignation doesn't change the fact that Democrats will remain politically accountable for a law sold on a fraudulent promise from Mr. Obama.
But this latest news does mean that not even the Secretary of Health and Human Services will get to keep her insurance plan.
I heard that new Health Secretary has private sector experience. Turns out it was giving money away at private foundations. -----------------------------
A graduate of Harvard University and Oxford University as well as a former Rhodes Scholar, Burwell also was President Bill Clinton’s deputy chief of staff. Before joining the Clinton White House she was chief of staff to then-Treasury Secretary Robert Rubin.
After leaving Washington, Burwell worked in philanthropy. She ran the global development program at the Bill and Melinda Gates Foundation. In January, 2012 she was named president of the Wal-Mart Foundation, which gave $959 million in cash and in-kind contributions worldwide in 2011, according to its website. She held the job until Obama chose her for OMB in March, 2013.
Her White House connections are deep. National Security Adviser Susan Rice helped introduce Burwell to her husband, lawyer Stephen Burwell, with whom she has two children. The two women first met as Rhodes Scholars at Oxford University. Housing and Urban Development Secretary Shaun Donovan was a dormitory mate at Harvard.
When Obama nominated Burwell last year as his budget director, she went before the Senate as Obama and Republicans were squaring off in another battle: raising the federal debt limit and dealing with the automatic budget cuts known as sequestration. She was confirmed on a 96-0 vote.
I appreciate the Wesbury posts. That said, I don't recall him telling us we were not experiencing Plow Horse growth this past winter. Spinning only the positive? Positive economic performance reported last fall was adjustted downward, BTW.
"After a winter hibernation, the Plow Horse economy has woken up and is ready to go"
I don't know if anyone has followed this. Post "journalists" were busted taking false Koch brothers Keystone XL talking pints directly from Dem party. They keep correcting without correcting. I recall that Dan Rather also ran up against Powerline fact checking, came up with the 'false but true' defense - and lost.
My Questions to Juliet Eilperin, and a Message to Jeff Bezos, by John Hinderacker
Over the last few minutes, I sent the following four tweets to Washington Post reporter/Democratic Party propagandist Juliet Eilperin:
Why won’t you answer my questions about whether your false reporting on Keystone is coordinated with the Democratic Party?
You know perfectly well that Keystone has nothing to do with Koch. Why do you perpetrate a lie, along with Whitehouse and Waxman?
You know that Keystone would damage Koch economically. Why do you perpetrate a falsehood based on 3% leasehold ownership?
The public demands answers. You are going to have to account for your false reporting. Did you coordinate with the Dem Party?
If you follow me on Twitter @jhinderaker–as you should!–you can retweet these tweets. You can also tweet messages directly to Ms. Eilperin @eilperin. We are not going to let this rest until we get answers from the Washington Post and from Henry Waxman and Sheldon Whitehouse.
Finally, Jeff Bezos, this is for you: I have no idea what your political views are, but I assume you are a Democrat, like most rich people. Maybe you knew, when you bought the Washington Post, that it is nothing but a corrupt mouthpiece for the Democratic Party. If so, nothing about the Post/Keystone scandal will surprise you; on the contrary, you will probably applaud the Post’s latest effort to fool its readers so as to promote the Democratic Party’s interests.
But on the off chance that you thought you were buying a real newspaper, you should be shocked to learn that the Post cannot respond to a simple question: does the Post coordinate its reporting with Congressional Democrats, or does it not? If the Post were an honest paper–a real newspaper, part of an actual free and independent press–that would be an easy question to answer. That the Post is unable to respond speaks volumes. If this isn’t what you thought you were buying, you should clean house.
POTH reporting is like a bad dream where a bunch of scattered images are thrown together but make up no useful story.
"We can’t make water." Actually not true. Water is a byproduct of hydrocarbon combustion. We are making it at twice the rate of carbon dioxide: CH4 +2O2 = CO2 + 2H2O. And we don't destroy water by 'using' it. We are moving it around in a closed system, by drinking, flushing, irrigating. Who is he calling fact-deniers? What does any of this have to do with immigration; immigrants could move there, not work, and collect food stamps?
Not mentioned, agriculture now uses larger machines and employs fewer people. Oops.
Where do you live that you see 36 states through tornado coverage on television? As (denier) Rush L said after a Republican election victory, the NY Times will have to send foreign correspondents out there to see what is happening. This is what they came up with.
Gov. Scott Walker attended Marquette Univ. 4 years, did not graduate. He is looking at finishing now through correspondence, 'not for political reasons': http://www.jsonline.com/news/statepolitics/getting-a-degree-would-encourage-others-scott-walker-says-b99244173z1-254559581.html
'Reason' asks, Can Bobby Jindal's Health Plan Get the Republican Party on Track? The Louisiana governor's proposal could be a turning point for the party. Jindal’s plan was a challenge to his fellow Republicans to take health policy more seriously, to reckon with the tradeoffs it requires, and to begin the process of unifying around an alternative. It was a declaration, of sorts, that Republicans and the right could—and should—be wonky and policy focused too. http://reason.com/archives/2014/04/08/can-bobby-jindal-change-the-republican-p
Very bummed to see that Sen. Lee might have some dirt , , ,
It doesn't seem that anything came out of this against Mike Lee. The accusation is that he did business with someone he knew once and that it was not investigated. Then they combined the story with Harry Reid, a known crook. I did not see the connection.
"Look carefully at Housing appreciation. The truth is that Housing as an investment is greatly overstated. Housing over the long run appreciates at 2-3% per year and nothing more."
I like to assume zero appreciation and zero tax benefit when I buy. The 2-3% appreciation quoted is above and beyond rent collected and debt potentially paid down.
"The years of 2002-2006 were an aberration,"
Since the houses did not change, I just assume the dollar buying them was worth less. Then your loos was to hold anything that did not move with the dollar.
I find that broken houses can be bought for 50 cents on the dollar and then repaired with free labor and relatively small materials costs. (I paid as low as 15 cents on the dollar of the previous sale in the current down cycle.) This is not for everyone. If you are able to repair and restore efficiently, you are in for the cost of your free labor plus maybe a little over 50% of the value. For me, this takes out most of the risk for major market corrections.
On the upside, good real estate at least keeps up with inflation, and when the dollar is done and gone, people will still need a place to live.
Who tipped off the powerful to scrub their photos? The World Wide Web was incapable of coming up with an image of indicted, anti-gun, gun runner San Francisco State Sen Leland Yee pictured with San Francisco Rep. Nancy Pelosi or either of California Senators Barbara Boxer or Diane Feinstein as the bad news of corruption broke. Jerry Brown was not so lucky: John Edwards, no clout at all:
In other news, there is no record in George Orwell's 1984 that Oceana was ever in alliance with Eurasia. Only in your mind and they can erase that too.
Kobe clarified with a quote: “I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin, but by the content of their character.”
They didn't see a competence problem during Cash for Clunkers, Solyndra, Russian reset, the Queen sent Obama speech videos - in American video format?! Norwegian ambassador who doesn't know the capital? Susan Rice promoted? Fast and Furious??!!
If we had a competent media people might know whether or not thew administration was competent.
My contacts on the ground in Colo tell me the recent legalization of recreational and tourist purchasing has completely screwed up the pricing for the medical license holders. It is taxed differently but the exact same supplies serve both markets.
Obj, Nice work. I have no idea what the connection is between the President's closest adviser Valerie Jarrett being Iranian born and noting that when the world's number one sponsor of terror Iran suffered a popular uprising during his first year in office he had absolutely no reaction to it.
Paraphrasing Ronald Reagan: Liberal elites are very smart people, Ivy Leaguers. Stanford and Univ of Michigan in Jarrett's case - even smarter. But most of what they know just isn't so.
Jarrett and Obama preferred the idea of talking to neo-holocaust-supporter Ahmadinejad to toppling the regime.
Liberals have an economic view that the rich get rich at the expense of the poor and a worldview that everything would be better if only the US was weaker. Neither is so.
The roots of Obama's, Jarrett's and Axelrod's leftisms are all interesting, perhaps damning. Still we need (in my view) to de-personalize this and fight against the policies and underlying philosophies. We will still be fighting against failed, leftist philosophies long after this current cast of characters leaves the stage.
"The morning after the morning after." A cliche on a cliche. I can't read NYT Thomas Friedman from the old neighborhood without wondering if this column is really his or from this random generated Friedman column site: http://thomasfriedmanopedgenerator.com/about.php Go back and click Generate column more than once to get the humor in it.
"How do you say Moore’s Law in Russian? ... solar power, the price of which is falling so fast that more and more homes and even utilities are finding it as cheap to install as natural gas. Wind is on a similar trajectory, as is energy efficiency."
Moore's law involved a doubling of price-performance every 18 months. There is no similarity here. Most (all?) solar manufacturers in the US are bankrupt while gas and oil producers are growing by leaps and bounds. It was the surge in natural gas production that brought down US CO2 emissions! A little irony for the global warming crowd.
Europe needs gas. Ukraine needs gas. Natural gas from Russia is Ukraine's no. 1 import. Russia escalates the price and we give the difference in financial aid. Our money goes to Russia and finances cross border tyranny. Sound familiar?!
Let's just replace that with solar panels and windmills. The weather forecast in Kiev is cloudy with a light wind diminishing during the coldest part of the night. Good luck cooking your meals and heating your homes with wishful thinking.
How does such a great thinker, 3 time Pulitzer Prize winner, not see the leverage Russia has right now over Europe with energy?
I gave a little rant yesterday over in Monetary policy about how are our problems (and solutions) are not monetary. That said, I thought the followup should go here - on the optimistic side, or else in a doomsday thread.
ccp: Doug, So how long can we go on with this charade?
It hasn't really occurred to me that we won't snap out of this. The world and the economy looked this bad just before the Reagan revolution. The table is set and we are one good leader away from solving this, IMO.
When we were poised to win a tea party victory in 2010, GM said and I agreed that this was a two election fix. From there we won the House but blew TWO good chance to win the Senate and an almost perfect opportunity to take back the White House.
Yet the same opportunity is still presenting itself, $4 trillion in debt later and with a deteriorating workforce and work ethic. Is it too late now? No. Is is to late if we blow it again? God help us! I don't know. At some point if we choose the policies of Venezuela or Greece, we will get the results of Venezuela or Greece - or Haiti or the Republic of the Congo, with our goal of perfect income equality even as it approaches zero.
Pew published recently that new voters will soon be majority non-white. Dems think that means majority Dem because they own non-white vote. (http://washingtonexaminer.com/pew-white-majority-over-next-generation-more-than-50-non-white/article/2546219) But they have not earned their vote with the results of their policies and owning non-whites has been illegal for 150 years. Wise, older black conservative Thomas Sowell says, as I have said, the Republicans don't need to win the black vote but they need to chip the Dem black vote down from 90% to 80%, a critical mass that would allow all blacks to believe they have a choice - especially a school choice! (http://jewishworldreview.com/cols/sowell032514.php3) [Similar arguments obviously can and need to made with Hispanics, women, gays, Asian-Americans, young people etc.]
What we have gained through Obama is clear data that the liberal, leftist policies don't work, for white or non-white, at home or abroad. What we do with that new data from a policy and marketing challenge is up to us.
Monetary policy lately has been like adding gas to a car that already had the tank full but had 3 flat tires and 2 brakes struck on. The additional gas won't go in, didn't do any good or harm, and the car keeps showing the same lousy symptoms after the gas spills out on the ground.
A tight dollar not was the problem of the last decade and a loose dollar was not the solution. (Nor was cash for clunkers, ACA, raising the minimum wage, immigration reform, Solyndra, shovel-ready jobs or any other phony initiative we have seen.) The loosening and tightening of reserves will only matter after the real problems that are preventing economic expansion are addressed. For now the excess reserves just sit idle.
A friend who runs a venture capital business told me last week that banks have plenty of money to lend but will only put 50% into a good company transaction instead of perhaps 80% previously and suggested they only lend to known entities whom they know and trust. They will not lend to unknowns or startups. The price and quantity of money (on the sidelines) is not the limiting factor right now. Instead there is a shortage of proven, solid companies wanting or needing expansion capital in an environment poisoned by over-taxation and over-regulation. Loose money did not stimulate and tightening now will not significantly affect our stalled, Pelosi/Reid, Obamanomic economy.
In 2004, the International Energy Agency prepared an analysis with the collaboration of the OECD Economics Department and with the assistance of the International Monetary Fund Research Department:
“. . . a sustained $10 per barrel increase in oil prices from $25 to $35 would result in the OECD as a whole losing 0.4% of GDP in the first and second year of higher prices. Inflation would rise by half a percentage point and unemployment would also increase.” -------------------------------
Inspired by Scotland's hopes for independence and hot on the heels of Crime'a 95% preference for accession to Russia, 89% of the citizens of Venice voted for their own sovereign state in a ‘referendum’ on independence from Italy. As The Daily Mail reports, the proposed ‘Repubblica Veneta’ includes the five million inhabitants of the Veneto region and has been largely driven by the wealthy 'who are tired of supporting the poor and crime-ridden south' (Venice pays EUR71bn in taxes and receives only EUR21bn in services and investment). The ballot appointed a committee of ten who immediately declared independence from Italy. Venice may now start withholding taxes from Rome. http://www.dailymail.co.uk/news/article-2586531/Venice-votes-split-Italy-89-citys-residents-opt-form-new-independent-state.html