November 10, 2005

Even a WaPo Columnist Gets It: The Real Economy vs. the Rhetorical Economy

Filed under: Economy,MSM Biz/Other Bias — Tom @ 5:55 pm

Washington Post columnist and economist Robert Samuelson (HT The Wall Street Journal’s Political Diary):

“One puzzle these days is why Americans are so confident at the shopping mall and so glum in opinion polls. By many measures, the country’s prosperity is broad-based. Families are buying and renovating homes at a ferocious pace. Since mid-2003, the number of payroll jobs has increased by 4.2 million. The unemployment rate of 5 percent is low by historic standards. But in polls, Americans are downbeat…. We have a real economy and a rhetorical economy: what’s actually happening and what we say is happening. The first is often more stable than the second.”

UPDATE: Thanks to those who pointed out that Robert Samuelson is NOT the economist. My bad-Oops.

Now We Know It’s the End of Dick Cheney: E! Online Predicts He’ll Take the Fall

Filed under: Business Moves,Taxes & Government — Tom @ 3:11 pm

Well uh, sort of, oh, whatever…….

This proves that no media outlet wants to be left out of the “fun” of piling on:

Girls’ Club

Oh, wait! Before we get back to the really slimy splattering of Tinseltown, I just wanted to pass along a little scenario that’s currently being heard by my always reliable Desk DeeCee. Pro Bush? Move on to the next item. Anti Bush? Dig in, my sour-sweets.

My Washington source, whose throat is knee-deep in half the diddlings of that ugly-ass town, thinks it’s “only a matter of time” before Vice President Dick Cheney takes the fall for the investigation that’s currently frying Cheney’s chief of staff, Scooter Libby.

Not that big of a surprise (or stretch), really. But has anybody out there really thought this scenario through? Desk D.C. has–and how.

“Condi Rice would possibly become vice president, and this might have been what [the Republican Party] wanted all along–to get her in there for 2008.”

No merde, my Potomac pooper!

“Yes, but they may let it go, keep Cheney on board, let Condi finish out her term at State and then have her run as a VP candidate in 2008. I think people will be more inclined to have a woman as a VP candidate than a presidential candidate.”

Unless it’s on TV, right?

So, whaddya know? Looks like Hillary will have some female competition in ’08 after all (even if on the lower tier of VP).

Oprah, are you sure you don’t want to throw your sweatsuit in the ring and make a record-breaking femme free-for-all?

So, it’s a “matter of time,” but they “may keep him on board” (by the way, who is “they”?). Zheesh.

Who needs Michael Barone, Dick Morris or Stan Greenberg when you have genius like this on display? (/sarcasm)

“That’s Going to Leave a Mark” Comment of the Day

Filed under: Economy,Taxes & Government — Tom @ 11:51 am


Arctic drilling dropped from House bill
It could still return when, if Senate and House negotiate budget

House leaders late Wednesday abandoned an attempt to push through a hotly contested plan to open an Alaskan wildlife refuge to oil drilling, fearing it would jeopardize approval of a sweeping budget bill Thursday.

Comment from Generation Why:

I will be sending a correction notice to MSNBC to point out yet another inaccuracy in the media…. attributing the word “leaders” to describe Republican members of the House.

There is much more at Michelle Malkin with passionate reax.

UPDATE: Amy Ridenour: House Moderates Block New Oil Drilling, Drive Home

Quote of the Day: On the Less-Noted Mayhem That Has Plagued France for Years

Filed under: Quotes, Etc. of the Day — Tom @ 11:05 am

In a New York Times op-ed piece by Antoine Audouard:

“They talk about the almost 3,000 cars that have been burnt in the past few days,” he said. “But no one talks about the 28,000 cars that have been burnt since the beginning of the year.”

….. “They criticize Sarkozy for calling them ‘scum.’ But burning our cars, our buses, our schools, what would you call them? Scum, that’s what they are.”

As New London Turns: Kelo Update (111005)

Filed under: Economy,Taxes & Government — Tom @ 8:01 am

Three major events relating to Kelo occurred in New London, Connectictut during the past three weeks.

First, on October 21, as expected, the New London Council reinstated its ties with New London Development Corporation (NLDC) that it had severed just days earlier.

Then, the leader of NLDC “unexpectedly” quit early in the following week:

Embattled chief steps down

A surprising development in New London’s land battle. The leader of the city’s development corporation suddenly steps down.

Now the search is now on to find a replacement.

A source close to the talks tells Eyewitness News a search will begin immediately for a new chief operating officer.

This after COO David Goebel resigned last night during a special meeting.

Goebel, a retired Navy admiral and head of the New London Development Corporation since 1998, leaves his job November 4th.

The departure comes under pressure from the state and city council after they claim the agency failed to update them on activity, such as an eviction letter last month to six Fort Trumbull plaintiffs.

Governor Jodi Rell has since appointed Bob Albright to negotiate with those fighting to keep their homes at Fort Trumbull.

The third event was Election Day. In what appears to be a significant upset, an upstart party in New London grabbed two seats on Council:

Independents win two seats in New London

After a campaign focusing on rising taxes and the eminent domain controversy, New London voters have sliced the Democrats’ City Council majority from three to one.

The upstart One New London Party won two council seats, losing a third seat by only 19 votes. (Nov. 14 Update: The Democrat who won the third seat by 19 votes survived the recount.) The new seven-member council will consist of four Democrats, one Republican, and two aldermen from One New London.

One of the successful One New London candidates, Charles Frink, says the three-party City Council must work together or risk deadlock in what he called dangerous times for New London.

Many people in New London apparently felt that the Council’s severance and then re-establishment of ties with NLDC was an insincere grandstanding ploy to make it look like it was troubled by the eminent-domain controversy when in reality they want the Fort Trumbull project to get done. Some also feel that Goebel’s departure was an attempt to douse voter wrath at incumbent Council members. One letter-writer to The New London Day (requires registration, then subscription after a week) wrote:

Does the New London City Council expect anyone to fall for the sorry spectacle of their on-again, off-again divorce from NLDC?

Or their silly attempt to make David Goebel, chief operating officer of New London Development Corp., a scapegoat for blame that clearly rests on the City Council’s shoulders?

Numerous votes by this council repeatedly went against the best interests of New London, but were beneficial to the special interests. The same city councilors who for years actively worked with NLDC members and contractors (and have accepted many thousands of their campaign contribution dollars), now pretend they are really, really mad at NLDC for making a mess of our city.

Especially with the new makeup of Council, it looks this drama has many interesting acts before it’s over.

UPDATE: I should also note the back and forth between The New London Day and Pfizer Corp. regarding Pfizer’s degree of involvement in, interest in, or influence on the Fort Trumbull project. Todd Zywicki at Volokh notes The Day’s piece (link is to Volokh, as The Day is not accessible any more) claiming that “Documents show the pharmaceutical giant was involved in the Fort Trumbull project form its inception, even before announcing its research center would expand into the New London neighborhood.” Pfizer’s response in a Day letter to the editor (also linked to Volokh for the same reason) is in my opinion a non-denial denial that does not address the document evidence.

Selected Previous Posts:

WWII Vet Learns About Pilot Who Saved His Life 60 Years Ago

Filed under: Positivity — Tom @ 6:11 am

A Paducah, KY man learned the identity of the man earlier this year: