The new Obama administration Housing Justice Czar is describing the sweeping, new legislation proposed by the President. Let’s listen in … “We obviously have great inequity in housing in America that requires comprehensive and courageous reform. First, we have some people living in massive, monstrously over-sized, over-built, luxurious estates as if royalty in castles. Others with larger families and more need for space live in small, cramped houses and apartments, not to mention the people who are entirely homeless. This legislation will create fair and equal access to appropriate housing and to home ownership for every American. Public-option housing will... continue reading
Forget the stock market. Sure, the Dow has made a stunning improvement since January 20. The market has jumped from just under 8,000 to over 10,000 – a 29 percent increase. But that’s not the place to put your money. Unemployment is outpacing Wall Street just a bit. Joblessness went from 7.6 percent when Obama took office to 10.2 – a 34-percent increase. If you could invest in job loss, you’d be a big winner under the current president. Clearly the people without jobs might not appreciate that philosophy. Who could blame them? For all that the media maligned the... continue reading
When President Obama took office, I set the over-under for reported unemployment at 16 percent. I have a few wagers on the over, which I would gladly forfeit should he resign and turn the reins over to somebody not hell-bent on destroying the American economy. But I fully expect to collect on my bets. So don’t be bothered by the new high of 10.2 percent the government admitted to this past week. There’s much worse to come. And these stats mask the new, relatively unique reality of the Obama Recession: the huge number of those on the employed side of... continue reading
In a recent Newsweek article, senior editor Michael Hirsh quoted Larry Summers who said: “Large swaths of economics are going to have to be rethought on the basis of what's happened.” Summers is correct that the recent credit crisis and recession has generated books and papers galore in attempt to provide an explanation for the crisis and suggest remedies. Hirsh went on to indicate that the efforts of liberal philanthropist George Soros to “take back the economics profession from the champions of free-market zealotry who have dominated it for decades, and to correct the failures of decades of market deregulation”... continue reading
It’s been a year since the American public first said “I do” to Barack Obama and it’s still a honeymoon period for the mainstream press. The first year of marriage might have been a bit rocky , but journalists still have that crush on Obama. The first time they ever really saw him speak , their hearts leapt. It was love at first sight. The media already had a betrothed who had promised them “Hillarycare” and taught them “It Takes a Village.” That all changed when Obama gave the keynote address to the Democratic National Convention in 2004. At ABC... continue reading
Around the globe, environmental protesters tried “a synchronized burst of more than 4,300 demonstrations, from the Himalayas to the Great Barrier Reef,” according to The New York Times. The sweeping Oct. 24 protest was to bully developed nations like the United States into a climate change agreement when they meet in Copenhagen this December. The protesters, who want to drop CO2 in the atmosphere to that level, were especially critical of the U.S. “You have destroyed nature with your industrial waste and gases more than any other nation in history. Despite this, you refuse to sign the Kyoto agreement... continue reading
There is now talk of a federal bailout for newspapers. The Washington Post, lobbying for such a bailout in its editorial pages, used Obama-esque language: collective responsibility. That’s the suggestion that newspaper owners are entitled to take money from you and I by force, when we fail to give them enough voluntarily. They have joined the line of beggars. They’ll be welcomed. The administration is eager to get its grubby paws firmly around the neck of the newspaper industry, and eventually all media. Steve Forbes said this past Saturday, on “Forbes On Fox” that government money doesn’t come with strings,... continue reading
It’s an era of hoaxes and hucksters. Balloons shaped like 1950s UFOs dominate the skies and missing children out their parents for their stupid stunts. TV news shows are filled with made up news stories and made up quotes about Rush Limbaugh. And instead of the three ring circus, the master of ceremonies tried to bring us all five Olympic rings. There he stands, under the glare of the spotlight, embracing a phrase claimed to be from the greatest showman of all time – P.T. Barnum. The phrase, you wonder? “There's a sucker born every minute.” Even if Barnum didn’t... continue reading
Uh-oh. According to a report in The Futurist Magazine, from 1982 to 2007, reading declined by nearly 20 percent for the total U.S. population and 30 percent for young adults aged 18-24. Presently, a huge percentage of the population – some 40 million Americans – read at the lowest literacy level. A big, fat percentage of voters can’t read. Another bigger, fat hunk of ‘em won’t read. Refuse to read. And they, full of opinions, utterly uninformed and ignorant, blithely go about imposing their will on us all. This is a cancerous threat from within to our very survival as... continue reading
The headline should read: “400,000 of U.S. aren’t reading this.” That’s the true story of the latest newspaper cataclysm as USA Today is about to report a loss of 398,000 readers in just one year. It’s only the la test bad news headline for an industry that thrives on the bad news of others. The state of journalism is so bad now that it threatens both ordinary taxpayers and even the very concept of a free and independent press. The left and dozens of prominent journalists are seizing the collapse of newspapers as a chance to destroy the imperfect separation... continue reading