ADP reports this morning that private payrolls fell by 23,000 jobs in March of this year. This shows that the recovery is stillborn. Frightened by the Obama Adminstration, the private sector is stagnant. The only job growth in the economy is in the federal (not state) government sector. Obama is busy hiring his friends and paying them well, while he takes a sledgehammer to the private business sector and to the average American's economic prospects. As in the bailout programs that Obama has initiated, he picks the winners and the losers. The American people are the losers.
Obamanomics receives a well deserved F.
Wednesday, March 31, 2010
Making College Affordable
How do you make college affordable? Put the government in the business of providing loans and grants? What does that do?
Increasing the demand for college education by providing sweetheart loans and grants by the government simply raises the demand for a college education without in any way increasing the supply. What does that do? It raises prices.
The predictable response to Obama's recent closing of the private market for student loans in favor of more big government largesse will be a dramatic increase in tuition and fees in the college community. Why not? There is a significant increase in demand and funding. Take advantage of it. Raise your tuition and fees. Colleges administrators are smiling.
The problem that the modern college has is: how can I waste all of this money? An increasing share of college expenditures goes to non-educational pursuits -- mostly political pursuits. Centers for special groups proliferate. These centers have almost no educational purpose. Most merely seek to divide one student from another for the purpose of justifying its own existence. Pay administrators more. The modern college president has a total income that would make a bank CEO blush, not to mention free housing, free everything, as well as not much of a workload. The modern college president is mostly a party host for rich donors and has little or nothing to do with administrating the modern college. What is there to do? Professors have tenure and can't be required to do anything that they don't want to do, so what's there to do for the modern college president?
So, each college will now have to dig down deep and find new ways to waste the additional money that Obama is throwing their way. As for the middle class, they will sink deeper and deeper into a quagmire of debt to finance the booming tuitions and fees that colleges will impose. Thank you, Mr. President. Another idea from the coffee houses of Harvard that will impose a huge new cost increase on the American middle class.
Increasing the demand for college education by providing sweetheart loans and grants by the government simply raises the demand for a college education without in any way increasing the supply. What does that do? It raises prices.
The predictable response to Obama's recent closing of the private market for student loans in favor of more big government largesse will be a dramatic increase in tuition and fees in the college community. Why not? There is a significant increase in demand and funding. Take advantage of it. Raise your tuition and fees. Colleges administrators are smiling.
The problem that the modern college has is: how can I waste all of this money? An increasing share of college expenditures goes to non-educational pursuits -- mostly political pursuits. Centers for special groups proliferate. These centers have almost no educational purpose. Most merely seek to divide one student from another for the purpose of justifying its own existence. Pay administrators more. The modern college president has a total income that would make a bank CEO blush, not to mention free housing, free everything, as well as not much of a workload. The modern college president is mostly a party host for rich donors and has little or nothing to do with administrating the modern college. What is there to do? Professors have tenure and can't be required to do anything that they don't want to do, so what's there to do for the modern college president?
So, each college will now have to dig down deep and find new ways to waste the additional money that Obama is throwing their way. As for the middle class, they will sink deeper and deeper into a quagmire of debt to finance the booming tuitions and fees that colleges will impose. Thank you, Mr. President. Another idea from the coffee houses of Harvard that will impose a huge new cost increase on the American middle class.
Tuesday, March 30, 2010
Waxman in Action
There is probably no bigger fool in public office today than Congressman Henry Waxman. He represents a ridiculously left wing district in California and, as such, can say pretty much any moronic thing he wishes without fear of losing his seat. He has now subpoenaed the CEOs of companies (AT&T, Verizon, Caterpillar, Deere, Valero Energy, AK Steel, and 3M) who have taken immediate charges to their balance sheets for the economic implications of the recently passed health care legislation.
These companies are required by law to immediately disclose to the public the economic implications of the health care legislation on their businesses. They complied with the law.
Because these companies complied with the law, Congressman Waxman is outraged. After all, they didn't comply with the great Obama-lie that health care costs are going down. The truth is that these costs are going up thanks to Obama and Waxman and all the other ideologues who took sociology instead of economics while undergraduates. Too late for them to learn now.
So, now the CEOS are being hauled before Congress. Their crime, of course, is that they obeyed the law. Henry wants to know how they could dare suggest that Obamacare is going to cost them billions of dollars. After all Obama says that all of our health care costs are going down. Perhaps, Henry should read the securities laws, which require full and disclosure of the true facts. Henry, being a Congressman, is not used to such a standard and I am sure cannot really relate to the concept of full disclosure of the truth.
So more nonsense is on the way. Stay tuned.
These companies are required by law to immediately disclose to the public the economic implications of the health care legislation on their businesses. They complied with the law.
Because these companies complied with the law, Congressman Waxman is outraged. After all, they didn't comply with the great Obama-lie that health care costs are going down. The truth is that these costs are going up thanks to Obama and Waxman and all the other ideologues who took sociology instead of economics while undergraduates. Too late for them to learn now.
So, now the CEOS are being hauled before Congress. Their crime, of course, is that they obeyed the law. Henry wants to know how they could dare suggest that Obamacare is going to cost them billions of dollars. After all Obama says that all of our health care costs are going down. Perhaps, Henry should read the securities laws, which require full and disclosure of the true facts. Henry, being a Congressman, is not used to such a standard and I am sure cannot really relate to the concept of full disclosure of the truth.
So more nonsense is on the way. Stay tuned.
NY Times Has a Good Article
Yes! It's true. I read the NY Times religiously every day hoping against hope that I will find an intelligently written, balanced treatment of some economic and/or financial subject. So far, this year has been disappointing.
Until today. Today's article by Mary Williams Walsh on state finances is a jewel. Ms. Walsh deftly analyzes the problems of state budgets and quotes the most knowledgeable researchers on the issue. It is a must read.
Three cheers for the NY Times. One balanced article in three months is something of a record for them.
But, unfortunately, I read on and got to today's article by Bill Carter entitled "CNN Fails to Stop Fall in Ratings." Carter seems puzzled as to why CNN, MSNBC, and all the major networks are collapsing in the ratings. Guess who isn't .... Fox! Listen to this howler in Carter's absurd article:
"CNN executives have steadfastly said that they will not change their approach to prime-time programs, which are led by hosts not aligned with any partisan point of view."
Is he kidding? Unless you assume that slavish devotion to Obama is a non-partisan view of things, there is no sense in which CNN hosts are non-partisan. They are all advocates of the extreme left (think Chavez) point of view.
Contrary to Bill Carter's view of things, Fox is the only network on television that provides both sides to every story. The major networks, including CNN, insult the viewers intelligence by providing only the most slanted pro-liberal view of every topic. Recall the sledgehammering treatment of Sarah Palin? There is no sense in which the major networks are news reporters in the modern era. They are merely mouthpieces for the far, far left.
If you want to see both sides of every major political issue, go to Fox News. You will hear Harold Dean on virtually every day. Last I checked he was one of the most left wing folks on the planet and former Chairman of the Democratic National Committee....not exactly a right-wing idealogue. What right winger do you ever see (except lampooned) on CNN?
There is no difference between CNN reporting and White House spin -- they are identical. Since you get to hear White House spin by listening to Fox, who needs to see the "spin" repeated ad nauseum by CNN?
Thank goodness for Fox News...Fox is truly fair and balanced. The major networks are completely irresponsible and biased.
The public is right to choose Fox over the major networks as their main source of the news. No doubt, Congress and Obama will try to find a way to silence Fox as they have attempted to silence their corporate critics. Fox is a winner!
Until today. Today's article by Mary Williams Walsh on state finances is a jewel. Ms. Walsh deftly analyzes the problems of state budgets and quotes the most knowledgeable researchers on the issue. It is a must read.
Three cheers for the NY Times. One balanced article in three months is something of a record for them.
But, unfortunately, I read on and got to today's article by Bill Carter entitled "CNN Fails to Stop Fall in Ratings." Carter seems puzzled as to why CNN, MSNBC, and all the major networks are collapsing in the ratings. Guess who isn't .... Fox! Listen to this howler in Carter's absurd article:
"CNN executives have steadfastly said that they will not change their approach to prime-time programs, which are led by hosts not aligned with any partisan point of view."
Is he kidding? Unless you assume that slavish devotion to Obama is a non-partisan view of things, there is no sense in which CNN hosts are non-partisan. They are all advocates of the extreme left (think Chavez) point of view.
Contrary to Bill Carter's view of things, Fox is the only network on television that provides both sides to every story. The major networks, including CNN, insult the viewers intelligence by providing only the most slanted pro-liberal view of every topic. Recall the sledgehammering treatment of Sarah Palin? There is no sense in which the major networks are news reporters in the modern era. They are merely mouthpieces for the far, far left.
If you want to see both sides of every major political issue, go to Fox News. You will hear Harold Dean on virtually every day. Last I checked he was one of the most left wing folks on the planet and former Chairman of the Democratic National Committee....not exactly a right-wing idealogue. What right winger do you ever see (except lampooned) on CNN?
There is no difference between CNN reporting and White House spin -- they are identical. Since you get to hear White House spin by listening to Fox, who needs to see the "spin" repeated ad nauseum by CNN?
Thank goodness for Fox News...Fox is truly fair and balanced. The major networks are completely irresponsible and biased.
The public is right to choose Fox over the major networks as their main source of the news. No doubt, Congress and Obama will try to find a way to silence Fox as they have attempted to silence their corporate critics. Fox is a winner!
Monday, March 29, 2010
Different Strokes for Different Folks
Among the many lies that President Obama told about the health care legislation was the lie that the legislation would provide ordinary Americans with the same health care options that Congress has for itself. That lie was repeated hundreds of times by the President. If Obama were Pinocchio, he would have trouble getting through the White House door.
The truth is:
There was an amendment presented to the bill that would require Congress and their staffs to have the same plans as those mandated in the legislation. The Democrats voted overwhelmingly to reject the amendment. They (like the vast majority of ordinary Americans) prefer what they currently have and do not want it replaced by Obamacare. Pelosi and Reid voted to keep their current insurance program and not see it replaced by Obamacare.
In fact:
The current Congressional program permits hundreds of different choices for Congressman, their staffs, and their families. Those choices are similar to what we once had available for ordinary Americans before big government got in the way.
Shame on Obama for lying about this very important topic.
The truth is:
There was an amendment presented to the bill that would require Congress and their staffs to have the same plans as those mandated in the legislation. The Democrats voted overwhelmingly to reject the amendment. They (like the vast majority of ordinary Americans) prefer what they currently have and do not want it replaced by Obamacare. Pelosi and Reid voted to keep their current insurance program and not see it replaced by Obamacare.
In fact:
The current Congressional program permits hundreds of different choices for Congressman, their staffs, and their families. Those choices are similar to what we once had available for ordinary Americans before big government got in the way.
Shame on Obama for lying about this very important topic.
Sunday, March 28, 2010
Meet the Press -- Now I Get It
Meet the Press on Sunday with David Gregory had three left wingers and one Republican political adviser on the topic of how November voters will react to the health care bill. The three left wingers ignored the voters, the heath care bill, the subject at hand. Instead they spent their entire time suggesting that all those who are opposed to the health care bill are racists and homophobes. One of the left wingers was the editor of Newsweek. He was the most absurd of the four panelists.
Since the polls shows that a majority of Americans still oppose Obamacare, Meet the Press's main message is that a majority of Americans are racists and homophobes. I guess that's why Obama got elected with 53 percent of the vote in 2008. He must have a special appeal for racists and homophobes.
No wonder the public has no confidence in the main stream media. They are so far to the left that Hugo Chavez looks mainstream to them.
Incidentally, in case you missed it, senior White House staffer Valerie Jarrett said in an interview Sunday: "Iran Will Back Down," speaking for the Administration no doubt. I feel comforted.
Since the polls shows that a majority of Americans still oppose Obamacare, Meet the Press's main message is that a majority of Americans are racists and homophobes. I guess that's why Obama got elected with 53 percent of the vote in 2008. He must have a special appeal for racists and homophobes.
No wonder the public has no confidence in the main stream media. They are so far to the left that Hugo Chavez looks mainstream to them.
Incidentally, in case you missed it, senior White House staffer Valerie Jarrett said in an interview Sunday: "Iran Will Back Down," speaking for the Administration no doubt. I feel comforted.
Health Care and Freedom
Like Chavez, Obama thinks that freedom stops at the ballot box. It doesn't. Freedom is the ability to do what you want to do without government interference. That kind of freedom should only be restricted by government if one person's freedom has a negative impact on someone else. Inevitably, there are hard choices, but generally, as long as no one else is adversely effected, then individuals should be free to do as they choose. Why not?
This brings me to health care. If I want to handle my health care by paying all of my expenses up to, say $ 5,000 per year, and have an insurance policy that would cover everything above that, then that should be my right. Obama says no. Such a policy is outlawed by recently enacted Obamacare. I don't have the right any longer to handle my health care the way that I want to and at an affordable cost. Instead, Obamacare defines what is a legal health insurance plan and what is illegal. My proposed plan is illegal under Obamacare. Why?
Shouldn't it be up to me how I choose to handle my own health care? Why is it any of Obama's business? Obama is wrong. Simple freedom doesn't end at the ballot box. Read Walden by Henry David Thoreau for a taste of freedom and its true meaning.
The entitlement world that now owns the United States' future is an assault on simple freedom. Citizens should have the right to provide for their old age and their health care without interference from government and without interference from Obama. The entitlements need to be scrapped and individuals should be left free to handle their own affairs without the interference of government.
This brings me to health care. If I want to handle my health care by paying all of my expenses up to, say $ 5,000 per year, and have an insurance policy that would cover everything above that, then that should be my right. Obama says no. Such a policy is outlawed by recently enacted Obamacare. I don't have the right any longer to handle my health care the way that I want to and at an affordable cost. Instead, Obamacare defines what is a legal health insurance plan and what is illegal. My proposed plan is illegal under Obamacare. Why?
Shouldn't it be up to me how I choose to handle my own health care? Why is it any of Obama's business? Obama is wrong. Simple freedom doesn't end at the ballot box. Read Walden by Henry David Thoreau for a taste of freedom and its true meaning.
The entitlement world that now owns the United States' future is an assault on simple freedom. Citizens should have the right to provide for their old age and their health care without interference from government and without interference from Obama. The entitlements need to be scrapped and individuals should be left free to handle their own affairs without the interference of government.
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