Retired Navy Master Chief Scores an Obama Broadside

Here is an open letter to President Obama sent by retired Master Chief Harold Estes, USN.
I bet the HUFF & PUFF Post or any of the other liberal news organizations covered, interviewed, or printed a word of his letter. I think that it deserves to be passed on.
The Master Chief could not have said this more elegantly and mirrors what many of us have been trying to say.
Its unfortunate but I believe that the Obama liberal base really does not give a damn.
To them its what is in it or me or me first, as long as I'm not the one who has to suffer or
pay for it. After all, its "Obama money.
I want to personally Thank the Master Chief for standing up and defending our nation once again. He has more than earned the right to sit back and let someone else stand up and step into the line of fire. I also wish him a Happy Birthday and may God Bless him and all of our servicemen and women, young and old for their desire to fight to keep this nation safe regardless of which idiot sits in the White-house.
Are you listening Congressman Massa?
In view of your position on Afghanistan, you could use a lesson on what it means to be a patriot. I think that the Master Chief has pretty clearly defined it for you.
Its more than being a military veteran. It's a lifetime commitment to a nation and its citizens, not ones personal beliefs or party agenda.


Dear President Obama,

My name is Harold Estes, approaching 95 on December 13 of this year. People meeting me for the first time don't believe my age because I remain wrinkle free and pretty much mentally alert.
I enlisted in the U.S. Navy in 1934 and served proudly before, during and after WW II retiring as a Master Chief Bos'n Mate. Now I live in a "rest home" located on the western end of Pearl Harbor, allowing me to keep alive the memories of 23 years of service to my country.
One of the benefits of my age, perhaps the only one, is to speak my mind, blunt and direct even to the head man.
So here goes.

I am amazed, angry and determined not to see my country die before I do, but you seem hell bent not to grant me that wish.

I can't figure out what country you are the president of.

You fly around the world telling our friends and enemies despicable lies like:
" We're no longer a Christian nation"
" America is arrogant" - (Your wife even
announced to the world,"America is mean-
spirited. " Please tell her to try preaching
that nonsense to 23 generations of our
war dead buried all over the globe who
died for no other reason than to free a
whole lot of strangers from tyranny and hopelessness.)

I'd say shame on the both of you, but I don't think you like America, nor do I see an ounce of gratefulness in anything you do, for the obvious gifts this country has given you. To be without shame or gratefulness is a dangerous thing for a man sitting in the White House.

After 9/11 you said," America hasn't lived up to her ideals."

Which ones did you mean? Was it the notion of personal liberty that 11,000 farmers and shopkeepers died for to win independence from the British? Or maybe the ideal that no man should be a slave to another man, that 500,000 men died for in the Civil War? I hope you didn't mean the ideal 470,000 fathers, brothers, husbands, and a lot of fellas I knew personally died for in WWII, because we felt real strongly about not letting any nation push us around, because we stand for freedom.

I don't think you mean the ideal that says equality is better than discrimination. You know the one that a whole lot of white people understood when they helped to get you elected.

Take a little advice from a very old geezer, young man.

Shape up and start acting like an American. If you don't, I'll do what I can to see you get shipped out of that fancy rental on Pennsylvania Avenue. You were elected to lead not to bow, apologize and kiss the hands of murderers and corrupt leaders who still treat their people like slaves.

And just who do you think you are telling the American people not to jump to conclusions and condemn that Muslim major who killed 13 of his fellow soldiers and wounded dozens more. You mean you don't want us to do what you did when that white cop used force to subdue that black college professor in Massachusetts, who was putting up a fight? You don't mind offending the police calling them stupid but you don't want us to offend Muslim fanatics by calling them what they are, terrorists.

One more thing. I realize you never served in the military and never had to defend your country with your life, but you're the Commander-in-Chief now, son. Do your job. When your battle-hardened field General asks you for 40,000 more troops to complete the mission, give them to him. But if you're not in this fight to win, then get out. The life of one American soldier is not worth the best political strategy you're thinking of.

You could be our greatest president because you face the greatest challenge ever presented to any president. You're not going to restore American greatness by bringing back our bloated economy. That's not our greatest threat. Losing the heart and soul of who we are as Americans is our big fight now.

And I sure as hell don't want to think my president is the enemy in this final battle.

Sincerely,
Harold B. Estes

Climategate and the difference between Science and Unscience

The scientific way of resolving Climategate via UK Telegraph:

In a statement welcomed by climate change sceptics, the university said it would make all the data accessible as soon as possible, once its Climatic Research Unit (CRU) had negotiated its release from a range of non-publication agreements.

The publication will be carried out in collaboration with the Met Office Hadley Centre. The full data, when disclosed, is certain to be scrutinized by both sides in the fierce debate.

As I pointed out last week, this is the way a scientific person would settle the Climategate scandal.  I also said that the above would never happen.  Was I wrong?

The unscientific way of resolving Climategate via Times Online:

SCIENTISTS at the University of East Anglia (UEA) have admitted throwing away much of the raw temperature data on which their predictions of global warming are based.

It means that other academics are not able to check basic calculations said to show a long-term rise in temperature over the past 150 years.

The UEA's Climatic Research Unit (CRU) was forced to reveal the loss following requests for the data under Freedom of Information legislation.

The data were gathered from weather stations around the world and then adjusted to take account of variables in the way they were collected. The revised figures were kept, but the originals — stored on paper and magnetic tape — were dumped to save space when the CRU moved to a new building.

Question!  If you release all data, but the data you've scrubbed, can this be considered releasing all data?  

It also begs the question, "why would a scientist throw out raw data."  To a real scientist, raw data is gold.  You'd never destroy it!  Raw data is what allows people to find errors, recreate your work, prove your theories and establish improvements to models.  

CRU is boasting of 95% disclosure of their temperature data.  Sounds nice, 95%, but sometimes the devil is in that 5%.

NY Times teaches us about "what capitalism can learn from socialism" and cars

I admit it, I love reading the NY Times!  Why read the funnies when you can watch the left's spin machine in action.  With last Friday's piece "US Teaches Car Makers Capitalism," comedy is at your fingertips.

Obama's nationalization of the car companies was vastly unpopular and aside from the stimulus, it is the only thing Obama has actually done since taking office.  Time for the Times to manufacture a stunning success for socialism.  Please remember to check your energy and health care usage at the entrance to your new Obama utopia!

As with all MSM outlets, news is covered in half-truths.  I've got to be honest with you the problems with the article were many and I can't possibly present them in a way that doesn't make my post look like a dissertation.  Here is all the information abridged.

The spin formula:

1.  Capitalists do not care about efficiency. They are greedy and want only want profit.  
2.  Their greed blinds them to logical, objective decision making (the Times says while batting their eyes at Obama)
3.  The rising price of domestic cars is proof that Obama's cost cutting strategies are working?  I don't know how the opposite outcome proves the strategy, but this is why they call it spin folks.
4.  Gee!  Why can't we just take over the banks and be socialistic.  Then we'd do everything right.

Here is the article's greatest hit:  (Please remember: this is not exhaustive by a longshot!)

Evidence of what is going on came this week in the consumer price figures for October. The index for new autos was up 1.6 percent for the month, and 3.8 percent for the last 12 months. It has been more than a decade since that index rose by nearly that much. That is what can happen when companies focus on raising margins, no matter what the impact on volume.

The Times is totally correct that GM and Chrysler are focused on margins.  One way to do so is to cut costs.  By lowering your costs and holding price steady, you can increase your profit.  The problem?  The proof of a successful cost cutting strategy is a stable or slightly lower price, but level or increased profit.  Instead, the article is touting higher prices, which is indicative of a value or quality centered strategy.  It sounds like nit-picking, but in actuality, it means all the marbles.  

Why?  Because unlike the Times' straw man argument that:

One rap on socialism has always been that governments are much more worried about jobs than profits. No politician wants to be responsible for layoffs, so the government is happy to rely on optimistic assumptions to avoid painful decisions.

The real rap on socialism is that it favors cronies.  The UAW now owns GM and Chrysler, check.  The other rap is that government does not run as efficiently as the profit seeking behavior found in free markets.  Proof that the government is not running efficiently would be…rising prices!  

Maybe double check!

Al Gore and his favorite topic...Clim...I mean Capitalism

Al Gore was silent for days after the Hadley e-mails pointing to global warming the scam were leaked out. Fearful that his gig was up, Gore carefully crafted his next message as the fallout from Hadley began. He waited until Thanksgiving to give it a play. Interestingly enough, as Al Gore speaks up for the first time in days, he says nothing about global warming or climate change--nope, it's about responsible long-term capitalism.


Gore with David Blood ask, "Why do investors and business leaders continue to focus on the short-term and ignore the fact that businesses that think long-term end up more competitive and profitable?"


While immediately there are not obvious themes of global climate change in the essay, we know Gore's long-term plans have been to profit from the long-term scare tactics of climate change which are now public record in the Hadley e-mails. His essay is really a what is at stake for Al Gore, who has spent the better part of a decade frauding the world to fulfil his long-term goals of carbon domination similar to the very same practices liberals attack the oil for, even though Gore has made plenty of investments in big oil in his time--remember Occidental? Read More at BBCW

Someone found my site via "Dan Maffei Sucks"

I haven't looked at my analytics in a long time. I figured I'd check them out and see how my new blogging strategy was doing. So far, my hits are about 40% higher than last month. I was looking over the google search words, where I was pleasantly surprised.



That's right! Someone found my site via "Dan Maffei Sucks." Dan Maffei is a local Democrat congressman that I have written about in the past.

That just made my Thanksgiving.

Happy Thanksgiving everyone.

Global Warming Hoax and how unscience begets unscience

Hit Tip to Green Hell Blog for the Video


Earlier this week hackers broke into the computers at the Hadley CRU, one of the four institutes feeding data to the UN's IPCC.  The information that was released as a result is playing out its own little doomsday scenario on AGW science's credibility.  A UK Telegraph writer has a great breakdown of some of the more juicy details found in the hacked information, here.  However, while you watch the global warming hoax unravel, make sure to be mindful of how unscience begets more unscience.

What am I talking about?  Long before these emails were released, estimates from AGW scientists simply did not make sense.  Let me give you an example from one of my earlier posts:

The holy Grail of AGW reports, the IPCC, was estimating average global temperatures over the next 100 years, using data from the last 100 years.  Of those temperatures, any rational person would maybe grant that the last 40 years of temperatures were accurate (that's when they started using satellites to measure temperature).  If I were making an economic model with as many points in my forecast as were in my data set, I would be laughed at.  Read more here.

Such problems were annoying, but easily side stepped by the AGW crowd by justifying their unscience with more unscience.  Anyone raising these concerns were shrugged off or labeled crazy.  How scientific of them.  Thus, over the years as criticism mounted over the AGW unscience, AGW scientists were spared the rigorousness of being scientific in exchange for a bully pulpit, a microphone and a chance to play world politics.  

Problems such as the fact that the earth has been much cooler and much hotter regardless of human activity were no obstacles to the unscience of AGW.  Ian Plimer, an Australian scientist and AGW skeptic has often pointed out that in the history of the entire planet, we are in a cool period.  Today, even the most ardent AGW scientist would not disagree that the planet has been cooling for the last 4 years (many others say 10 years).  They shrug.  "Temperatures are not constantly going up, they go up and down, but trend up," the AGW crowd says without a single explanation for the temperature drop.  Does no one see the problem with declaring the issue of rising temperatures settled science even as they have no clue what is causing the receding of temperatures? A problem with a model is a problem that needs an answer according to the scientific method.  Instead, what we got was Al Gore marketing, PR and polar bears.

Instead of dealing with the unscience of their science, they chose more uscience.  Now that the house of cards is falling, don't expect them to fall back to any body of science they've been perfecting for vindication.  That is what I would do if I were using science and not unscience to promote my theory.  I'd show the world my books, my data, and let rational thought prevail.  That is not what will happen here.  It's back to the bully pulpit and unscience for these fakers.  Instead, we are about to experience a rapid expansion of even more unscience.  There will be blame games.  There will be denials.  There will be name calling, cover ups and finger pointing and none of it will have anything to do with science.  As it all unfolds, don't get caught up in the idea that real science is about to parade triumphantly down the street.  What you are about to see is the explosion of unscience.  

Evidence that the Unscience is Exploding

Newsbusters on MSM's blackout of the scandal

More recently exposed unscience

Absorption of CO2 has increased, not deteriorating and deforestation's impact embellished.

How to break the bad health care news to your co-workers

My company recently held meetings to role out the health benefits for 2010.  There was a giant elephant in the room and its name was health care reform.  

HR started a panic when it indicated that they were "closely watching the health care reform legislation."  That led many others to wonder, why "they" were watching the reform.  After all, the reform is only for people without heath care and we, that comprise the 200 million that have insurance, already have insurance.  There is no reason to watch the legislation form…unless…

It was someone in the back row that asked if the company was considering dropping our health care benefits if the health care reform passed.

What was most surprising was the number of people who looked puzzled. I had a chance to speak to several of them after the meeting.

"Why would "our company name redacted" be thinking about dropping our health care coverage if the health care bill is passed?"  One asked.  My first impression was that this person must be a liberal.

I was only too willing to lay out the cold hard truth of the legislation.  "Well, according to the congressional budget office, companies have an incentive to drop coverage since people can go sign up for government health care."

Since we were talking about health care and I have a great deal of knowledge on the symptoms of bad legislation, I decided to give my coworkers their prognosis.

"If they pass the congressional bill, the CBO estimates we have a 1 in 10 chance of losing our plans.  The senate bill has it at 1 in 20."

Their reply?

"Well, I'm sure that they'll fix all that before making it law.  It doesn't make sense passing a bill that would kick people out of their current health insurance."

No, they will pass health care legislation because their ideology is more important than you and yes, it is crazy.

Alas! Someone is finally listening to me!

Via the Washington Examiner

Five months ago, I laid out my confusion regarding the large support from younger generations for Obama's agenda.  There is a huge disconnect from the under thirty crowd regarding what health care reform really means for their generation.  In short, I cannot understand why any rational person, from this generation, would support the Obama agenda.

It looks like the Washington Post has finally caught on:

"Now comes the House-passed health-care "reform" bill that, amazingly, would extract more subsidies from the young. It mandates that health insurance premiums for older Americans be no more than twice the level of that for younger Americans. That's much less than the actual health spending gap between young and old. Spending for those age 60 to 64 is four to five times greater than those 18 to 24. So, the young would overpay for insurance that -- under the House bill -- people must buy: Twenty- and thirtysomethings would subsidize premiums for fifty-and sixtysomethings. (Those 65 and over receive Medicare.)"

The article goes on:

"Although premium changes would apply mainly to people using insurance "exchanges," the differences would be substantial. A single person 55 to 64 might save $3,490, estimates an Urban Institute study. By contrast, single people in their 20s and early 30s might pay about $600 to $1,100 more. For the young, the extra cost might be larger, says economist Diana Furchtgott-Roth of the Hudson Institute, because the House bill would require them to purchase fairly generous insurance plans rather than cheaper catastrophic coverage that might better suit their needs."

When Obama was asked what the middle class would get from his health care reform he answered, "Peace of mind."  The young missed it, but those words from Obama are, in actuality, a call to serfdom.  Make no mistake, this is serfdom.  In medieval times, a serf would work part of the landowner's property in return for food and protection.  At least the medieval serfs of yore traded their freedom in exchange for something they had needed.  For peace of mind from your philosopher-king, Lord Obama, you will pay dearly for what you don't need, health insurance.  

Did we say 3.5% GDP growth? Oops!

Do remember last month's GDP report showing that the economy grew at 3.5%.  Well, experts are expecting the estimate to be adjusted downward to 2.9%.  This is not unusual.  GDP figures come out every quarter and during off-months the numbers are adjusted.  According to the AP:

"A government report due out Tuesday morning is expected to show that the economy expanded at a pace of 2.9 percent from July through September, according to Wall Street economists surveyed by Thomson Reuters. If they are right, it would mark a slower expansion than the 3.5 percent pace reported a month ago. Most of that rebound reflected federal support for spending on homes and cars.

The main forces behind the expected third-quarter downgrade: commercial construction was weaker, the nation's trade gap was more of a drag, businesses trimmed more of their stockpiles and consumers didn't spend as much.

So, the good news is the economy finally started to grow again, after a record four straight losing quarters. The bad news: The rebound, now and in the months ahead, probably will be lethargic.

Federal Reserve officials and other economists say growth won't be strong enough to quickly drive down the nation's unemployment rate. The nation's current 10.2 percent jobless rate marks only the second time in the post-World War II period that unemployment has topped 10 percent."

It will be interesting to see the revised numbers.  Over the last few quarters, the only component to GDP that was growing was government and as the article pointed out, all the elements that are not government are expected to be revised down.

NY Times discovers that there is a deficit problem!

Big Hat tip to Rob Verdi at The 46

Rob Verdi at The 46 is an excellent news aggregator.  I've followed his site almost since the inception of my own blog and he has tipped me off to numerous breaking news stories, including the most recent Times article.  Rob writes:

Is Obama alone responsible for this, of course not. Has he exacerbated the problems to levels almost unbelievable, heck yeah! as for what next:

"Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed.

Even as Treasury officials are racing to lock in today's low rates by exchanging short-term borrowings for long-term bonds, the government faces a payment shock similar to those that sent legions of overstretched homeowners into default on their mortgages.

With the national debt now topping $12 trillion, the White House estimates that the government's tab for servicing the debt will exceed $700 billion a year in 2019, up from $202 billion this year, even if annual budget deficits shrink drastically. Other forecasters say the figure could be much higher."  Read more at The 46

Please remember to add Rob's site to your list of pages for research.  I promise you won't be disappointed.

The “Fix” is in on new deficits and Media Matters' mindless drones

You may have missed it with the CBO scoring and vote on the Senate health care bill, but the Doctor fix passed the house last Thursday.  I wrote about the Doctor Fix shenanigans last week.  Whenever you hear the media state the cost of health care legislation as scored by the CBO, be sure to tack on at least $210 billion to that number.

On a related note, I like to see what the mindless left are up to every now and then, so I stopped on over at Media Matters.  They had a post on how Fox & Friends had overstated the cost of health care by including the Doctor Fix in the overall cost of health care legislation, which is the honest thing to do I might add.  Fox & Friends even mentioned that they were adding the Doctor Fix to the cost of the bills.

Here is the best part.  The article wasn't actually about how Fox incorrectly reported anything.  It was about how hypocritical the right is for complaining about the Doctor Fix deception.  However, it is clear from the mindless drone responses at the bottom that none of the lefty drones actually read any of the information.  Here is a taste!

Bluestate69 said: "fox news motto "when all else fails, LIE!!" "

I'm sorry mindless drone.  The Media Matters article plainly defends that Fox's analysis was correct.

Read More about the Doctor Fix:

Hot Air has two excellent posts on the Doctor Fix here and here.

Million Med March Today!

Hat Tip to Right Klik

If you are looking for something to do today, how about the Million Med March? Marchs are happening all over the US to protest the Senate bill.

Find a march near you!

Government: working hard to squelch recovery

Via the Drudge Report

It looks as though several city mayors are looking at budgetary problems as a result of the economic downturn.  The poor budget management of states and cities highlights the real truth about government in an economic downturn.  Government is a 2,000 pound gorilla, jumping on your back as the private sector tries to climb the hill of recovery.

"While federal stimulus funds have helped states close budget gaps and preserved jobs for many state and school-board employees, the mayors said federal money hasn't done much to ease their day-to-day budget problems. "The stimulus is going to special things," said Chuck Reed, mayor of San Jose.

Beyond budget and services cuts, the mayors discussed new ways to raise revenue at a time when incomes are stagnant and the national unemployment rate is at 10.2%. Philadelphia, for instance, has temporarily increased its sales tax while Mesa has levied a property tax for the first time."

States and local governments face different budgetary problems then the politicians at the federal level.  For example, they often have to finance lavish unfunded federal mandates that are out of their control (I'm sure they can't wait for health care reform).  However, take a look at these mayors' solutions to the problem.  Sales taxes are down, because people are buying things, because they don't have jobs.  So how do cities respond?  Raise taxes that aren't dependant on sales, like property taxes.  It is no wonder that we are headed for a second dip in the recession.  

Knock, Knock, Knock!  The Taxman cometh.

Geithner asked to step down

Via Lonely Conservative

Treasury Secretary Tim ‘Turbo Tax’ Geithner was asked to step down by Rep. Kevin Brady (R-TX). Geithner was extremely defensive, blamed it all on Bush and refused to step down. Brady asked Geithner where he was working at the time of the financial meltdown and Geithner stuttered his response.

Picture it – your bosses call you in for a performance evaluation. They point out where you’re lacking and you get belligerent and blame your predecessor...Read more at The Lonely Conservative

Reid’s health care bill CBO Scoring is good politics, but the legislation still stinks

Last night, the CBO released the scoring for Reid's health care bill.  Instantaneously, the news reports gushed over how Reid's bill would not only be deficit neutral, but would in fact reduce the deficit by nearly $130 billion in ten years.  Unfortunately, the good news is more the result of well-timed politics than actually creating good legislation.  

The real reason the news seems so positive regarding Reid's legislation is the direct result of Reid not making the legislation available to be criticized ahead of the CBO scoring.  The media, in its pliant attitude towards leftist policies are merely trumpeting the wonderful news for all to hear before anyone has a chance to tell you what policies are included in the bill.  Let me be the first to fill you in on how the CBO projected surplus gains on the legislation:

• The Doctor Fix is out; wink-wink!  You can read all about this scam in one of my more recent posts.  Without the Doctor Fix, a 23% cut in Medicare reimbursements, any of the health care legislation that has been proposed thus far would project surpluses.  I don't think a single rational human being would make the argument that cutting payments to doctors and hospitals is the best approach to tackling the deficit.  Pass the Doctor Fix separately and projected surpluses magically turn into deficits.

• If a program adds to state and local deficits, but not the federal deficits, does that really mean that the program is deficit neutral?  One of the biggest pieces of this legislation is a gigantic expansion of the Medicaid and S-Chip entitlement programs.  These won't add to the Federal Budget though, instead Uncle Sam has decided to create an Unfunded Mandate for the states so that Washington politicians can pretend that there are no budgetary effects.  How many states are going broke right now?

• What are costs of implementation and enforcing the mandates?  They don't keep score at the CBO.  Costs that are associated with enforcing mandates, such as increased oversight by the IRS, are not accounted for in CBO scoring.  If the CBO has to calculate this every time congress wanted to pass legislation, they'd never be able to find deficit neutral legislation.

• The CBO did not indicate whether the legislation actually bends the increasing costs to health care.  As I've pointed out before, this is the real issue.  I'm fine with balancing the budget.  It is a plus to legislation, but the cost crisis is in stemming the rate of health care cost increases year over year.  All the legislation being proposed by Democrats is akin to kicking Grandma to the curb and taking away the large sums of entitlement money currently allotted to a few (old people) and reallocating those entitlements to a larger number of people.  

It's a great way to buy votes, but it doesn't do anything to fix, reform, or improve health care.  I'm sick and tired of all the pretending that this legislation is anything more.

Side Note:

Backdoor single payer is also stronger in Reid's bill.  The new bill charge's only $750/year to those that refuse to purchase health care.  That's a mere $62.50/month.  I can't imagine why anyone would purchase health care insurance under this mandate, if the same legislation is going to bar insurance companies from refusing coverage based on preexisting conditions.  It creates a situation where no one will buy insurance until they need to use it, which will either make private insurance more expensive or put private companies out of business.

Another Side Note:

I was unable to determine from the report whether Reid's bill had the same revenue generating scheme as the Bacchus bill. The Bacchus bill collected 10 years of taxes to fund 7 years of costs.

Read the scoring here.

Update #1

MSNBC has the scoop on some more gimmicks in the Senate bill. The effective date for the legislation is one year later, 2014. Therefore, the effects of legislation that will occur for six of the ten years in the ten year window, will be spread out accross ten years. That's in part, how the senate bill comes in lower then the congressional bill. Also, tax start a year earlier, so we will collect taxes for 7 years to pay for 6 years of costs. Does that sound like it pays for itself?

Hungry for more news? Check out these links!

Democrats hit hardest by Obama recession and more at Left Coast Rebel. See more excellent writing on this topic at Reaganite Republican.

What about the 255 million people not in Reid's bill?

Who in the world vetted and supported Eric Holder's nomination? Track and Klik have video of Eric Holder...sounding...how can I say it?...You'd better just see for yourself.

Even more!

The Czar of the Czars!

Alas the Democratic Hodgepodgery!

Obama is thinking really really hard on Afghanistan

It depends on your definition of Created

The CBO has scored the health care bill. I'll be looking to get you some input tomorrow after I've read it. In the meantime, while CNN is productively fact checking SNL and the AP is doing the important job of fact checking Sarah Palin, the Washington Examiner is fact checking something that matters. Obama's saved and created jobs. They have pooled all the bogus saved and created news reports and made an interactive map. It's very interesting.

So far 10% of the jobs saved and created are bogus and this is strictly what has been reported. It is not a full audit.

Making some changes to New Conservative Generation and I need your help

Tonight, I take my final for my fall graduate course (it seemed as though this class would never end).  If you are new to this site, I have been laboring to complete my MBA for several years now.  I take about two courses a year, one in the fall and one in the spring.  It's a snail pace, but I'm a working man in the business of finance.  It's the best I can do.

With the end of my class tonight, I plan on refocusing my efforts to the blogging world and I could use input from my friends and readers.  I'd like to share some of my plans and get your ideas as well.

What I plan on doing:

Focusing the content of New Conservative Generation

Left Coast Rebel, a great friend of mine and brilliant blogger, has suggested I focus my posts on public finance and economics with a twist of unashamed, conservative political analysis and commentary.  If you want to interest readers, you need to differentiate.  Given my experience, education and background, going content specific is a great angle for me and this site.  I hope you will stop by often to read and comment on my posts regarding the money and economics involved in the politics and policy of the day.  You may have noticed, that I have already started.  Please let me know what you think.

Going Local in a Big Way

I live in Upstate NY, which means I live in the area of NY that is not NYC.  As evidenced by the NY-23 election, the local races here will prove to be a key battle ground for 2010.  There are about 4 or 5 upstate congressional seats held by Democrats in Republican strongholds and I plan on putting 110% into promoting local candidates with smart, level-headed ideas.  

 
What are your thoughts?

Side projects?

I've long been thinking about starting other cooperative sites with other bloggers.  However, I have not been able to bring anything to fruition.  If you enjoy my writing, would like exclusive NCG content for your site, or just would like to engage in a side project, please shoot me an email.

Would you like to post your content?

I'm open to picking up your content as well, especially if you want to provide content relating to economics and finance (that's my proposed shtick).  Please send me an email.

Other thoughts?

What do you like?  What do you think should change?  What would you like to see?

Thank you everyone for your input and support!

Recently passed, Pelosi’s health care bill was not scored deficit neutral by CBO and news of a new Congressional Confidence Scheme

My headline above is not entirely accurate, but then, few specifics regarding health care legislation is being reported accurately. Pelosi’s self proclaimed “most open and transparent” congress in over a hundred years has been nothing of the sort under Democrat leadership. So what’s the latest Democratic scam to surface from Pelosi’s grifters? Why it’s the doctor fix, resurrected from the health care chopping block and it is piggy-backing fiscal responsibility.

Let me set the stage.

Democrats received all kinds of heat over the summer for the deficit costs of HR3200. The way Democrats tried to sell HR3200 went a little like this, “Our health care reform is deficit neutral! In fact, we’ll even have a surplus. Except for the Doctor fix which is one third of the total cost of the plan. The rest is surplus Baby!” In combination with the November elections showing voters were growing weary of Big Spend Democrat policies, Pelosi’s legislation needed a deficit neutral CBO scoring to get Blue Dog support. As a result, Pelosi dropped the Doctor Fix from her bill.

The Doctor Fix is a correction to current legislation, which promises to dramatically cut the reimbursement rate that doctors receive for Medicare. Essentially, it was the carrot being used to get AMA support.

Since Pelosi fixed the Doctor Fix Bob Barker style, her health care bill got the deficit neutral thumbs up from the CBO and Democrats passed the legislation. Byron York is reporting that the Doctor Fix is back and it’s piggy-backing Pay-Go legislation.

According to the Washington Examiner:

But it just happens that the Democratic version of Pay-Go contains a specific exemption for the doctor fix. So the House could approve a measure that would cost $210 billion, have no way to pay for it and still meet the requirements it has set for itself in terms of restraining spending.

In essence, the house plans to pass a bill requiring that congress find funding for all spending with an amendment that costs $210 billion in unfunded spending.

It’s a slick gimmick so that the lapdog media can report lies of omission. Congress will say that health care legislation is fully funded by congress. The media will report this as if it were true. Congress will say that they passed Pay-Go legislation that requires congress to fund all legislation. The media will report this as if it were true. It’s a confidence game perpetrated by congress with the media as an accomplice.

In reality if the Pay-Go bill is passed, we will have the same deficit ridden health care legislation as would have occurred under HR3200 and a Pay-Go bill to curb unfunded spending that kicks in right after congress has maxed out the taxpayer's credit card.

Now I’m not saying that a Doctor Fix should not be considered and debated. I’m not saying that Pay-Go isn’t something that should be considered and debated. I’m saying that Democrats are grifting legislation to sell you an unconventional health care mortgage and hiding all the nasty details in the fine print. Those that are perpetrating this are the same that have condemned banks as bastions of greed for the same shenanigans.

Read more about leftist shenanigans:

The report the left was starving for

Your weatherman may believe in the bogeyman, but not climate change

Calling out those that don't get McCain. Not that one, The Other McCain

Obama Has A Dream and Reaganite Republican is having a little fun with them.

GMs best seller is Green Cars…Just Kidding!

Remember when GM went bankrupt?  If you can't remember, Obama and the entire leftist echo chamber blamed SUVs on GM's failures.  It was GM's abstinence in entering the hybrid market that caused their collapse, but not union contracts.  Don't look at the union contracts.  Anything but big labor, because there is nothing to see here.

Thanks to the wonderful strategy of the left, GM's best sellers since bankruptcy are hybrids;  Just kidding!

AP reports:

"GM said its improved performance was fueled by new products including the Chevrolet Camaro muscle car, and the Chevrolet Equinox and GMC Terrain midsize crossover vehicles. The company's top sellers through October were the Chevrolet Silverado pickup truck and Impala full-size car."

Good thing we screwed the bondholders, AP goes on:

"The better showing also reflected lower debt payments. The automaker paid $250 million in interest for the latest period, far lower than the $1.1 billion it had to pay in the first quarter, before it went into bankruptcy protection. Before Chapter 11, GM was weighed down by a huge debt of almost $95 billion that has since been cut to $17 billion."

Too bad the government still has its hands in GM's pocket:

"Although GM reported positive cash flow for the third quarter, it does not expect that to continue into the fourth quarter because of the government loan repayments and a $2.8 billion payment to help Delphi Corp., its former parts division, out of bankruptcy protection."

And, union workers are going to love seeing their retirement fund diluted by:

"GM has said it plans to sell stock to the public late next year so taxpayers can recoup at least part of their remaining investment."

Obama brings back terrorism to NYC

I try hard to stay away from the topics of law and foreign policy. A wise man knows his strengths and weaknesses. I’ve been through several law classes in my endless collegiate career and my grades in those classes never revealed legal genius. Despite my better judgment, I’m going to jump right into both subjects in the same post. With all the analysis and discussion over KSM being tried in NYC, I couldn’t let the subject pass without a few sage words. In short, many are missing the most important paradigm being established in the White House’s recent move (you can read the foolishness here and here)

The arguments for a civilian trial has been regurgitating from the left for years. I believe the following letter to the editor in a NJ paper sums up the standard leftist argument:

“Dismiss any of the hogwash people are spewing that bringing Khalid Sheikh Mohammed, the self-described mastermind of the horrific 9/11 attacks, and four other Guantánamo detainees to trial in New York is foolish. The overdue legal proceedings are an opportunity to showcase America at its best.

Our justice system is built on the bedrocks of due process and rule of law, which sadly have been put aside for terrorist suspects languishing for years in Gitmo. It’s time to bring those principles front and center again.”

Doesn’t it just fill you with warm, fuzzy feelings of America? There is always some meany to cut down to size or some victim to be saved, but this kind of rhetoric from the leftist machinery is a charade for the simple. I have always enjoyed how arguments from the left come rapped in pretty, pink bows, while inside the box is a totally different beast. So let’s open the box and take a look at the monster we have been regifted.

The cold, hard reality is that the upcoming KSM trial will be an exhausting mockery of our constitution and the whole world will be watching it. Are we going to throw out evidence, because KSM was not read Miranda Rights? Are we going to allow evidence not obtained through the specific due processes established over 200 years of case law? What would be the appropriate jury of peers, certainly not 12 US citizens? Was a warrant issued for KSM’s detention? How could a judge even consider hearing the case of a man who was not indicted timely? These are the procedures and rights provided by the constitution in civil trials. Is the left now demanding that these rights be subverted?

The hypocrisy of the left can be exposed in a simple question. Under what circumstances, do we exonerate KSM? If we are going to subvert all the procedural rights granted under the constitution, then you are making a mockery of yourself and the constitution. Many in Obama’s administration have all but assured that these procedural constitutional land mines would not be countenanced by the judge hearing the trial. What we are guaranteed is a show trial, which by definition is both unconstitutional and a horrific example of America at its worst (not best as the author above has opined).

I have no doubt that there are many well intentioned people that buy into the argument presented by the left above. That is why the Obama administration has wrapped the constitution wrecking ball KSM trail in flowery wrapping paper for the masses, a clever ruse indeed. The lapdog media is sure to follow suit. You on the other hand, shouldn’t.

Read More on this Topic @

And So it Goes in Shreveport: "It is a presidential decision—one about the hard, ever-present trade-off between civil liberties and national security."

What will be the Jobs Summit’s proposed solution? I know the answer.

I am baffled by the predictability of the Obama Administration. Many are weighing in on what the administration plans to accomplish with the upcoming Jobs Summit and many are incorrect in their assumptions that this is merely a media, PR stunt. Yes, it is a media stunt, but it will also be a signal that the gears of the leftward moving political machine are about to jumpstart in a new direction and away from health care (ATTENTION EVERYONE! This is a sign that the administration is confident about passing health care soon, not that it is throwing in the towel).


The media is already signaling the change in focus. Just look at all the recent interest in unemployment and the budget. Wouldn’t it have been nice to get all this discussion in relation to health care legislation? Progressive politicians gave away the ball game a long time ago. Remember…, “We need to pass health care so that we can focus on the economy.” With health care nearly behind them, it’s time to shore up that pesky economy problem. The only question left to ask is what will be the strategy coming down from the White House in regards to the Jobs Summit? I believe I can provide you with some insight on this.


Luckily, I have a long memory. Does anyone else remember the last summit? You know the fiscal responsibility summit? The solution to all our fiscal responsibility problems was Pay-Go and…HEALTH CARE. For the next eight months, the left has been ramming their health care legislation monstrosities down American’s throats.


So what will be the result of the Jobs Summit? Haven’t you guessed it? It will be green jobs and Cap and Trade right behind it. The solution is retraining, green infrastructure, and green jobs. Why are we holding onto TARP funds? Why have we barely spent any stimulus funds? There is a little red answer painted in green and it is as the President promised, transformational.


I have some ideas on how Obama plans on playing this game out and I’ll share them with you should my prediction come to fruition. You may think this strategy seems obvious and that few are likely to fall for it. You underestimate the mind numbing power of Democrats backed fully by the media.


CBO director Doug Elmendorf told the Politico that he believes Obama will need to nix his Cap and Trade plans. This is because Mr. Elmendorf has integrity and understands the nature of the legislation. The leftists behind the levers of power in Washington are not in the same mindset. They are concerned about legislating ideology, creating a permanent leftward shift in America and the problems be damned.


Few leftists in congress seemed concerned about fiscal responsibility when they passed the congressional health care bill last week, despite the fact that eight months ago, health care was offered as a budget solution. Just to give you an idea of how unconcerned the left is with fiscal responsibility, the Senate health care plan collects taxes for ten years to cover seven years of benefits. Now does that sound like a plan that will pay for itself in the years to come? Yet the media, politicians, and supporters all act as though the ten year deficit scoring from the CBO is transparent and legit. If they can pull this off, just imagine what they will do with green jobs.

Has anyone noticed that the Party of “No” is accomplishing more than the Obama?

The media and Democrats might want to stop labeling the Republican Party as the “Party of No.” One the surface, the label “Party of No” seems like good political strategy. It is a creative attempt to define and brand the opposition party negatively as the party opposed to all progressive ideas of hope and change. So what’s the problem with a little strategic branding? The problem is that saying “No” to Obama policies as a platform is starting to prove successful in producing tangible benefits for Americans.

Here are just a few successes we’ve seen by simply saying “No” to the Obama agenda:

The Republican Party strongly opposed Obama’s Cap and Tax legislation in July and is currently working to hold the bill up in the Senate. Democrats contend that by holding up the bill, Republicans are harming the world’s efforts to abate global warming. However, a newly released report by NOAA regarding October’s temperatures is telling us a different story. According to the report, October 2009 was the third coldest month on record. The average temperatures in October were 4 degrees Fahrenheit below average for the last century. Of course global warming scientists cannot reasonably explain the shocking drop, but one thing is evident, not passing Cap and Tax into law seems to be having a powerful effect on lowering average temperatures at a dramatic rate.

Republican opposition held up health care legislation in August. Despite claims from Democrats that the Republicans are intentionally killing off the sick as a result of their opposition, Obama touted a dramatic decrease in the number of uninsured from 47 million to 30 million. The drop occurred in less than of month after just saying “No” was congressional drumbeat. Saying no proved cheaper for Americans and dramatically effective.

Let’s also take a look at Obama’s stimulus. Sadly in this case, the “Yes” votes prevailed in February. However, if you look at Obama’s projections below, you will see that following the call of “No” would have put us at 9% unemployment. A dramatic improvement over the 10.2% unemployment we currently have under the stimulus. Only a fool would overlook the obvious wisdom of the “No” strategy.



All kidding aside, (I love writing about paradoxes) it is unfortunate that most liberal media and politicians push the idea that something is better than nothing. The truth is that there are good ideas and bad ideas. We can actually come out of legislation worse then when we came in. Many of Obama’s policies fall under the category of bad ideas. Nearly all of the current administrations big agenda items are crafted and rooted in accomplishing political goals as opposed to solving problems.

For example via The American Spectator:

Liberal John Cassidy explains of the progressive agenda:

"[W]e will be dealing with its consequences for decades to come, and I think it’s important to be clear about what the reform amounts to," Cassidy wrote. He goes on to confess that, "The future cost savings that the Administration and its congressional allies are promising to deliver are based on wishful thinking and sleight of hand. Over time, the reform, as proposed, would almost certainly add substantially to the budget deficit, thereby worsening the long-term fiscal crisis that the country faces."

After explaining many of the accounting tricks the Democrats have used to obtain a passing grade from the Congressional Budget Office, which I have detailed on numerous occasions, Cassidy concludes:

So what does it all add up to? The U.S. government is making a costly and open-ended commitment to help provide health coverage for the vast majority of its citizens. I support this commitment, and I think the federal government’s spending priorities should be altered to make it happen. But let’s not pretend that it isn’t a big deal, or that it will be self-financing, or that it will work out exactly as planned. It won’t.

The reason “No” has been so successful to date is that the “Yes” solutions aren’t intended to address any particular problem. It's easy to say "No" to solutions that don't fix problems. The health care bill will cut the spiraling costs of health care, the answer is no so just say "No." Cap and trade will reduce global temperatures, the answer is no so just say "No." The stimulus is jolting the economy back to life, the answer is no so just say "No" more spending. When the leaders in congress and the White House are not bringing viable options to the table, the productive response is "No."

AMA, AARP, SEIU WHAT'S IN FOR THEM

So what was so important about passage of this bill on this particular weekend? It is the one year anniversary of the election of BHO as president. I like using his initials. It reminds me of a syndrome that I do not particularly want to contract.
As BHOC (Obamacare) moves a step closer to reality despite the objections of a majority of the American public, the Washington demigod's continue their march to power and control of the United States Health Care System, they are being aided in their effort by three vary powerful lobbing groups. The American Medical Association (AMA), the American Association of Retired Persons (AARP), Service Employees International Union (SEIU), have added their collective stamps of approval.

I see this as one of the largest games of "Texas Hold Em" ever played.
For the demigod's, a chance to consolidate their power into a one party socialist system by rendering the Republican party as impotent (sorry I digress). Fortunately there is a cure called the Independents which the BHO supporters seem to have forgotten about.

The question is what do these three lobby groups get in return?
Let me try to explain how this works since they don't teach this in public schools anymore.

I wonder why!!

Once a bill is passed by both houses of Congress and is signed into law by the President, the executive branch then kicks into gear. Remember that the Congress makes the laws and the executive branch then has the power to implement the law. That goal is accomplished through the "Code of Federal Regulations" (CFR). The CFR is broken down into 50 fifty separate Titles (possibly 51 if that portion of the House & Hose Bill survives) is published in the Federal Resister. The bill now law is administered by the Administrative Branch that is assigned to enforce it.
For example Title 26 Section 7805 of the Internal Revenue Code (IRC) gives the US Secretary of Treasury the power to create the necessary rules and regulations for enforcing the IRC. These regulations, also known as the “Income Tax Regulations,” are located in Title 26 of the Code of Federal Regulations. The regulations are organized according to the IRC section that a regulation interprets. Citations to the Treasury Regulations may appear in different formats. For instance, the definition of gross income in the regulations may be cited to as “26 C.F.R. 1.61-1” or as “Treas. Reg. 1.61-1.” Both citations refer to the same regulation, which interprets the IRC Section 61, "Gross income defined."

Boiled down, Congress grants very broad authority to executive branch agencies to interpret the statutes in the US Code (and in uncodified statutes) which the agencies are entrusted with enforcing. This is where the Czars come into play their hands. They can determine who gets be heard during the public hearings and meetings with interested third parties (IE..Lobby Groups). To give you an example CFR Title 49 covers the "Transportation of Hazardous Chemical for Commerce". It was written almost entirely by input from the Chemical Manufacturer's Association which lobbied heavily. Title 49 contains one book of regulations and 3 books of exceptions to the regulations.

Point being those that support the bill can gain favorable status in writing the statutes. So you have 3 eager beavers that are vying for the power of drafting the regulations. My guess is that since BHO is partial to unions the SEIU has the inside track meaning that the AMA and the AARP are holding their cards a little bit closer to the chest in case they don't have the winning hand.

And so the game continues with the next hand will be dealt in the US Senate.

How do you kill a monster?

What’s more interesting than the passing of Saturday’s historic congressional health care legislation? How about, why is the legislation still alive? Read the monster stories and you will see that a silver bullet kills a werewolf, a wooden stake through the heart will kill a vampire, but there seems to be no stopping the government take over of health care. Here are a few things that should have killed this Obamanation and yet the beast lives on.

1. Bipartisanship

After nearly a decade of the left extolling the positive virtues of bipartisanship and its ability to solve all problems, bipartisanship proved ineffective in stopping health care unreform on Saturday. Despite the heavy bipartisan effort to kill the monster, it proved ineffective. In fact, the press has been working hard to show that bipartisanship was directly responsible for resurrecting the creature.

2. The monster’s true image

I’m reminded of the story of Dorian Grey who would have been immortal had he not looked upon the reality of his true image. That wasn’t the case with health care. Even today, the left continues to pontificate that private insurance companies are needlessly and immorally denying patient’s access to health care for money. AMA released a report showing that government run Medicare rejects more patients than private insurance, thus showing the monster the monster’s true image and yet the evidence proved unsuccessful in abating the bills passage.

3. Medical science’s magic bullet

Obama has been adamant that by releasing this monstrous bill, the monster will in turn fight off the pending health care doom on the horizon. The strategy was that the bill focused on prevention and as a result, preventative measures would lower costs of treatment. Medical research took its best shot at besting the health care menace by showing that preventative medicine does not lower health care costs. The shot was well aimed and timed, but I think it’s safe to say at this point that rational arguments will not fell this ghoul.

4. The villager’s with their fire and pitchforks

The villagers have been out in force to protest this monster’s creation. However, Dr Frankenstein congressional members seem to be reluctant to end their evil creation. There was a time where fire and pitchforks were a reality, as was the practice of tar and feathering and riding politicians on rails. Despite the claims from congress that villager violence is at an all time high in this country, so far the peasants have not progressed beyond peacefully insistent. I’m not advocating a change in strategy. Instead, I’m pointing out that the mad scientists in congress are feeling very confident that their lordly, castle walls will restrain the peasants.

5. Dr Jekyll will take the potion even if it means death

Despite the fact that congress has removed the doctor fix, both the AARP and AMA have pledged their undying support. What’s the doctor fix? According to current legislation, Medicare is set to dramatically slash the amount that the government will reimburse doctors for services. As a result, many doctors are threatening to either close up shop or flat out refuse Medicare patients. This is one of those “the government fails at everything” examples you are supposed to ignore. The doctor fix would have corrected this issue. However, the doctor fix also would have made the government monster health care bill look a little too frightening for Democrats as deficits in the 10 year window would have popped up in the CBO report, so it had to go. As a result, many Medicare users may face losing their doctors and doctors face bankruptcy. Please take note as to whom the left chooses to through under the bus first.

Congress also decided to impose a tax on health care equipment like pace makers and still no peep from AARP and AMA. When it comes to the left, ideology trumps even your constituents.

6. Don’t expect the zombies to become less zombie-like

As in all evil rituals, those that desire to summon evil must provide a sacrifice. The left chose to sacrifice human sacrifice. The house bill added a last minute amendment guaranteeing that the public option will not cover abortions. However, as is the case when you are dealing with zombies, you cannot expect zombies to start becoming less zombie-like. This health care bill was unacceptable to most zombies long before the abortion sacrifice and still they follow their master.

7. King Kong versus Godzilla or King Kong and Godzilla

We are at 10.2% unemployment and many analysts are concerned about a double dip recession. In short, Godzilla is destroying Tokyo. For some reason, many on the left believe that letting loose their King Kong health care plan will bring about Godzilla’s destruction (or was it that people would be too worried about King Kong that they wouldn’t notice Godzilla?). In watching the old Japanese horror films, have you ever wondered why King Kong and Godzilla bothered fighting each other? That’s my puzzlement with this strategy.

Today, the media is busy talking about how the health care bill is dead on arrival at the Senate. I don’t believe it for a second. If the things I listed above can’t kill this monster, I doubt that moderate senators will be up to the task. If you know how to best this beast, now’s the time to speak up before the left let’s loose this monster on the innocent.

Saturday Stands for Links and the bipartisan thing to do is to vote against the health care bill

It’s Saturday and although I’m about to go to bed, congress is still debating on the health care bill. However, despite all the claims at Republican partisanship, Eric Cantor correctly points out that opposition is actually bipartisan. So in the interest of bipartisanship, this post is dedicated to those that are voicing dissent for the health care bill.

1. And so it goes in Shreveport is doing a great job live blogging the congressional debate. Also, check out her run up story here.

2. KOOK’s cartoon find is featured at the top.

3. The Lonely Conservative has the news on Barney Frank's dig at health care protesters.

4. Track’s post may not be related to health care, but anything related to Michelle Obamais instantly more important.

5. Left Coast Rebel has picks of Thursday’s health care protest.

6. Health care bill to lose women vote? Teresamerica has the story.

Blogs to keep your eye on:

1. I love being right has an excellent blog as evidenced by his expose on the health care bill. Well written and very well laid out. Make sure you visit often.

2. Disinformation you deserve has an exhaustive list of the new boards and bureaucracies hidden within the pages of the health bill. She also has a top notch blog.

What does unemployment data mean for health care bill?

H/T Legal Insurrection
H/T Reaganite Republican

The support has been bought, congress member’s arms twisted, and now Pelosi has declared that a health care vote will occur tomorrow. Congress works on Saturday? No, this will be a “special session.” Let’s not forget that this wouldn’t be the political left if they weren’t foremost concerned with leftist politics. Connolly, a Democrat from VA, titled the Democrats cards indicating why the vote is being pushed. He said of Tuesday’s elections:

"What I saw was a depressed Democratic base. And what that told me is, Democrats are going to have to deliver for that base if they want to excite that base…"

Somebody hand these people a pair of glasses, because clearly they are not seeing the writing on the wall. It was written on the pages of newspapers today with big print reading, “Unemployment hits 10.2%!” Yet where are the special congressional sessions to discuss the economy?

What is more interesting is the complete lack of respect from congressional democrats for their base of supporters. According to Connolly, you are to overlook their failures in dealing with the economy in exchange for a health care bill only a politician would love (here and here), but never use. I pity the sheeple on the left that are not revolting with disgust at this slight.



Since Tuesday’s exit polls showed that all voters are concerned about the economy, let me show you the way to reality (Big Hat Tip to Regeanite Republican for the amazing graph (I still love graphs)). If unemployment data mirrored the White House’s projections for the stimulus, would the left be saying the stimulus is working? Would it not be reasonable to say that the stimulus is causing the problem since we are doing worse than the “do nothing” scenario?

I am well aware that unemployment is a lagging, not leading, economic indicator. This means that the economy needs to improve before unemployment improves. However, this doesn’t mean that nothing about the future of the economy can be extrapolated from unemployment numbers. By all means, the figures we are looking at today regarding unemployment points to a very serious problem with last quarter’s GDP figures.

Over the last few months, economists had been forecasting a slowing in the recession and unemployment. Today’s numbers do not show a slowing in unemployment, but stagnation. If unemployment is stagnate and not tapering off towards positive employment growth as predicted, what does this mean about our recession assumptions? It raises the possibility that the recession is also stagnate and not easing as forecasted.

That’s not all that is stagnating. The Obama administration is dithering on all fronts be it the economy, Iran or Afghanistan. Yet this Saturday, it is absolutely imperative that we pass a health care plan that won’t be implemented until 2013.

Other related posts:




Left Coast Rebel