Archive for July, 2009

Rick Moran
The Weekly Standard’s Fred Barnes writes “There’s no evidence Obama has even a sketchy grasp of economics.” He makes a good case:

The president also spoke favorably at the press conference of taxing “risky” ventures by Wall Street investors. It wasn’t clear what risky investments he had in mind. Never mind. Reckless risk-taking is hardly a problem at the moment. It’s the lack of any risk-taking at all by investors that’s holding back the economy. Read the rest of this entry

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According to the United States Department of Labor, the nation’s unemployment rate has already risen to 9.5%. The Obama administration is predicting that the nation’s unemployment rate will soon rise above 10% and the Federal Reserve predicts unemployment could stay above that 10% mark for sometime. One would think, therefore, that the Obama administration would do everything in their power to stop federal government policies from causing even more job losses. You’d be wrong. Today the Obama administration is not just allowing, but celebrating, a job- and opportunity-killing raise in the federal minimum wage.

Secretary of Labor Hilda Solis told the USA Today that the federally mandated raise to $7.25 per hour will create “extra disposable income [that] comes to about $120 a month.” Solis expects “workers to spend much of that cash in their local communities.” What nonsense. Where does Solis think this “extra” $120 a month comes from? Does she think it falls from the skies or grows on trees? Here in the real world, when governments force firms to pay some workers more money, it has to come from somewhere. And that “somewhere” usually is lost jobs and lost opportunity for low-skilled workers. Read the rest of this entry

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ADVISERS WANT TO RATION CARE

Last updated: 1:13 am
July 24, 2009
Posted: 1:03 am
July 24, 2009

THE health bills coming out of Congress would put the de cisions about your care in the hands of presidential appointees. They’d decide what plans cover, how much leeway your doctor will have and what seniors get under Medicare.

Yet at least two of President Obama’s top health advisers should never be trusted with that power.

Start with Dr. Ezekiel Emanuel, the brother of White House Chief of Staff Rahm Emanuel. He has already been appointed to two key positions: health-policy adviser at the Office of Management and Budget and a member of Federal Council on Comparative Effectiveness Research. Read the rest of this entry

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Beware of variations of a new email Scam where a company will request a quote for various hardware products such as Hard Drives. Scammers are targeting smaller resellers and shops that may not be as “tech savvy” as they should be or not have the resources to fully verify the request is legit. Even if the offer comes with payment such as a Credit Card or Cashiers Check the odds are the check is fake or the Credit Card stolen.

Here is an example of such an email request:

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With the public’s trust in his handling of health care tanking (50%-44% of Americans disapprove), the White House has launched a new phase of its strategy designed to pass Obamacare: all Obama, all the time. As part of that effort, Obama hosted a conference call with leftist bloggers urging them to pressure Congress to pass his health plan as soon as possible.

During the call, a blogger from Maine said he kept running into an Investors Business Daily article that claimed Section 102 of the House health legislation would outlaw private insurance. He asked: “Is this true? Will people be able to keep their insurance and will insurers be able to write new policies even though H.R. 3200 is passed?” President Obama replied: “You know, I have to say that I am not familiar with the provision you are talking about.” (quote begins at 17:10) Read the rest of this entry

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A series of bailouts, bank rescues and other economic lifelines could end up costing the federal government as much as $23 trillion, the U.S. government’s watchdog over the effort says – a staggering amount that is nearly double the nation’s entire economic output for a year.

If the feds end up spending that amount, it could be more than the federal government has spent on any single effort in American history. Read the rest of this entry

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By Michael A. Fletcher
Washington Post Staff Writer
Monday, July 20, 2009 5:04 PM

The Obama administration is delaying release of a congressionally mandated report on the nation’s economic conditions, spawning speculation that it is trying to tamp down bad economic news to avoid further complicating the already fraught legislative debate over health care reform.

The report, which is normally published by late July, is being delayed by several weeks, the administration acknowledged on Monday. Officials said the hold-up is not unusual in presidential transition years, noting that Presidents George W. Bush and former President Bill Clinton each published their initial budget updates weeks late. Read the rest of this entry

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The Winston-Salem City Council will meet tonight to vote on taking ownership of the downtown, TAXPAYER FUNDED, Baseball stadium. This has turned out to be a non-voter approved investment in building a $42 million dollar stadium using Tax Payer money which if put to a vote would have never been approved in my opinion.

Stay tuned for updates on the outcome of the meeting.

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