Saturday, November 3, 2012
Read This First!
Whimsical
Low-wage workers, more likely to be paid hourly and work at the whim of their employers, have fared worse in the recovery than those at the top of the income scale — in New York City the bottom 20 percent lost $463 in annual income from 2010 to 2011, in contrast to a gain of almost $2,000 for the top quintile. And there are an increasing number of part-time and hourly workers, the type that safety net programs like unemployment are not designed to serve. Since 2009, when the recovery began, 86 percent of the jobs added nationally have been hourly. Over all, about 60 percent of the nation’s jobs are hourly. (NYT, 11/2/2012)
Still time for the New York Times to change their endorsement from Obama to Romney!
Dream On
Our free market is the engine of America's progress, driven by risk-takers, innovators and dreamers. (Barack Obama, WSJ, 11/2/2012)
"You didn't build that." (Barack Obama)
Nano Nano
Apparently Sandra Fluke’s momentary celebrity has dwindled from a moment to a nanosecond. You would think that her appeal would be most strongly reflected on college campuses, but even college students are disinterested in her. Speaking on the University of Florida campus yesterday to encourage students to vote early for Barack Obama, Fluke – who became famous for whining that Georgetown University, a Catholic university, should pay for her birth control – drew just 40 people. That’s out of 35,000 students enrolled. (Breitbart.com, 11/2/2012)
RedStateVT has been thinking about Sandra Fluke lately, the Democrat party's expert on recreational sex and birth control. Wait, it's not as weird as you think. Here is what we were wondering: Does Fluke have a smartphone? Why were we wondering this? Well, if Fluke - who famously wants America to pay for her birth control - has a smartphone with a data plan, then it seems a bit, what's the word?....outrageous.... that we are all being asked to kick in for her condoms.
Way Back
Another myth central to Obama’s campaign is that Mitt Romney wants to go back to the “policies that got us into trouble in the first place.” What are those injurious Republican policies? Presumably the president refers to the deregulation of financial institutions that liberals blame for the recession. But, it was Bill Clinton who repealed Glass-Steagall. The Gramm-Leach-Bliley bill, which undid that long-standing law, passed the Senate 90-8, with Vice President Biden among the many Democrats supporting the measure. (Liz Peek, Foxnews.com, 11/2/2012)
It is always great to be reminded of things: President Clinton repealed Glass-Steagall, President Clinton did not sign on to the Kyoto protocol, President Clinton championed welfare reform, President Clinton signed NAFTA. All things on which Obama has taken the opposite side on, criticized or repealed. No wonder Clinton cannot stand Obama. We truly believe that the Big Dog is only going to pull the lever for Obama because he would rather have Hillary run against a different Republican in 2016 than go up against Romney heading for his second term after the recovery finally gets under way.
Subscribe to:
Post Comments (Atom)
The next President, no matter who wins, will have a recovering economy in 4 years because that is the right time line for housing bubble financial crosses. As for Glass-Steagal, it's repeal had nothing to do with this housing generated financial crisis. The banks that failed were either old fashioned mortgage banks or investment banks without deposit bases. AIG was an insurance company and not even a bank. Only Citibank was a universal bank and the investment bank had nothing to do with the piling up of crappy mortgage securities. The commercial bank side of the entity did that all on their own.
ReplyDelete