June 11, 2009

Lee Fisher Flip-Flop

Filed under: Taxes & Government — Rose @ 11:26 pm

Mmmm-boy, nothing like competing for the gay lobby donations…

From the Dispatch:

Both Democratic candidates for the U.S. Senate in 2010 now support gay marriage after Lt. Gov. Lee Fisher changed his opposition to it.

Fisher has joined Secretary of State Jennifer Brunner in supporting marriage equality for gay couples. Fisher previously had supported government recognition of civil unions but opposed granting gay couples the right to marry.

Fisher’s Senate campaign confirmed yesterday that he had switched his position and now supports gay marriage.

“The government should be focused on creating jobs, lowering health-care costs and moving us to alternative energy, instead of trying to stop individuals who want to be in a committed relationship and take responsibility for each other,” Fisher said in a statement.

Read the whole thing here.  Evidently, as recently as April, Fisher said he was opposed gay “marriage.” Guess that plan has been, dare I say “outed?”

What do they do…get up in the morning and flip a coin?  “Heads, I’m for gay marriage; tails, I’m against it.”

Best part about this is that I don’t see a problem for Portman or Ganley (who apparently does not have an official website).

AP’s Crutsinger Blows the May Deficit Reporting, Part 2: Misstating the Impact of the TARP ‘Accounting Change’

Filed under: Economy,MSM Biz/Other Ignorance,Taxes & Government — Tom @ 4:40 pm

IOU.jpgIt’s pretty hard to dress up a disaster as something less than that, but the Associated Press’s Martin Crutsinger gave it his best shot in his report yesterday about Uncle Sam’s the May Monthly Treasury Statement, in effect understating the amount and significance of federal government’s rapidly deteriorating financial situation.

With the help of dubious handling of last year’s stimulus payments in May 2008′s Treasury Statement, Crutsinger ignored serious declines in tax receipts from economic activity (over 30% in each of the past three months) that are, if anything, accelerating. I covered that problem in Part 1.

Additionally, after only briefly mentioning it last month (noted at the time at NewsBusters and at BizzyBlog), Crutsinger grievously erred in his explanation of how a convenient “accounting change” Treasury implemented in April relating to accounting for its Troubled Assets Relief Program (TARP) has affected the reported year-to-date deficit. He claims that it contributed to it, while in reality the accounting change reduced it by about $180 billion. That is the subject of this post.

Here are key background and accounting change-related paragraphs from Crutsinger’s report:

The federal budget deficit soared to a record for May of $189.7 billion, pushing the tide of red ink close to $1 trillion with four months left in the budget year.

The rising deficit reflects increased government spending due to the recession, and billions of dollars spent on bailouts for banks and other troubled companies.

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Chuck Norris Supports John Kasich…

Filed under: Activism,Quotes, Etc. of the Day,Taxes & Government — Rose @ 3:31 pm

Chuck Norris rocks, and his most recent article at Human Events is spot on about John Kasich:

Unfortunately, too many of our public representatives have been corrupted by power and greed or have been pleasing the masses instead of upholding the Constitution and our Founders’ vision for America. That is why Gore Vidal once quipped, “Politics is made up of two words: ‘poli,’ which is Greek for ‘many,’ and ‘tics,’ which are bloodsucking insects.”

… Three more amigos who fight for America and have proved their commitment to the red, white and blue are John Kasich, Bob Vander Plaats and Judge Roy Moore, all of whom presently are running in gubernatorial races in different states.

John Kasich is running for governor of Ohio. As his Web site conveys, Kasich is the son of a mailman and grew up in a blue-collar neighborhood in Pennsylvania. His values are rooted in faith, family, community and common sense. John was elected to the Ohio Senate at the age of 26 and to the U.S. House of Representatives in 1982, at the age of 30. As a nine-term congressman, John led the way in a variety of groundbreaking achievements, including constructing and implementing plans to balance the federal budget, create new jobs, reduce taxes, minimize the roles of government and other critical issues important to America’s Founders. John is also well-known as the host of a national weekly news show, called “Heartland with John Kasich.” Newsweek magazine named him one of its “100 people for the 21st century.”

… I encourage you to spread the word about these gentlemen and patriots, learn about their platforms, support their campaigns, and see to it that they are elected in their gubernatorial races. Theirs is leadership we can trust. I’m convinced that if we are to win back America, it’s going to start in the heartland and spread out from there because of the influence of leaders like them.

Don’t like what you see in government? Tired of incumbent lethargy and inactiveness? Does a political issue grind on you like fingernails on a chalkboard? It comes down to this: Either you will change our country or your opponents will, and if you let them change it, you might not like the outcome.

Amen, brother…from your keyboard to God’s ears inbox…

Speaking of Nationalized Healthcare, Mr. Romney…

Filed under: Health Care,News from Other Sites,Taxes & Government — Rose @ 3:29 pm

Listen to “Objectively Unfit Mitt” talk about how the universal healthcare he forced on, bankrupted, I mean “implemented” in the [nearly bankrupt] Massachussets could go national (HT: David Jeffers):

Unbelievable.

AMA Opposes Obama’s Public Insurance Plan

Filed under: Health Care,MSM Biz/Other Bias,Taxes & Government — Rose @ 3:29 pm

I’m shocked.  Oh, not that the AMA opposes this disastrous plan, but that the NY Times actually reported it (albeit mixed with gratuitous digs and counter-arguments that they never seem to afford like-minded views).

WASHINGTON - As the health care debate heats up, the American Medical Association is letting Congress know that it will oppose creation of a government-sponsored insurance plan, which President Obama and many other Democrats see as an essential element of legislation to remake the health care system.

…While committed to the goal of affordable health insurance for all, the association had said in a general statement of principles that health services should be “provided through private markets, as they are currently.” It is now reacting, for the first time, to specific legislative proposals being drafted by Congress.

…Until now, stakeholders in the health care industry have generally muted their criticism of Democratic proposals. But as details of the legislation have emerged, the criticism has become more pointed.

America’s Health Insurance Plans, a lobby for insurers, said Tuesday that the government plan proposed by some Senate Democrats could “dismantle employer-based coverage and significantly increase costs for those who remain in private coverage.”

…The medical association said it “cannot support any plan design that mandates physician participation.” For one thing, it said, “many physicians and providers may not have the capability to accept the influx of new patients that could result from such a mandate.”

Oh c’mon AMA, look at how successful the government has been at managing Amtrak, Social Security, Medicare and let’s not forget Education

AP’s Crutsinger Blows the May Deficit Reporting, Part 1: The Real May Receipts Dive

DownGraph0309It’s pretty hard to dress up a disaster as something less than that, but the Associated Press’s Martin Crutsinger gave it his best shot in his report yesterday about Uncle Sam’s the May Monthly Treasury Statement, in effect understating the amount and significance of federal government’s rapidly deteriorating financial situation.

With the help of dubious handling of last year’s stimulus payments in May 2008′s Treasury Statement, Crutsinger ignored serious declines in tax receipts from economic activity that are, if anything, accelerating. I’ll cover that problem in this post.

Additionally, after only briefly mentioning it last month (noted at the time at NewsBusters and at BizzyBlog), Crutsinger grievously erred in his explanation of how a convenient “accounting change” Treasury implemented in April relating to accounting for its Troubled Assets Relief Program (TARP) has affected the reported year-to-date deficit. That is the subject of Part 2.

Here are key background and receipts-related paragraphs from Crutsinger’s report:

(more…)

Lucid Links (061109, Morning)

Filed under: Lucid Links — Tom @ 10:39 am

Noteworthy Net-worthies:

The coverage of the news that the oh-so-benevolent government will permit some banks to repay their TARP money is really offensive to those who remember the full story. The money was forced on the banks with “a (figurative) gun pointed at their heads,” yet they have to get permission from Big Nanny to give it back? Any coverage of TARP and the banks that doesn’t mention October’s coercion is by definition incomplete.

There are only so many things you can track daily, and the hateful Playboy blog post targeting 10 female conservatives (since taken down, but preserved by list member Pamela Geller at Atlas Shrugs) was one of them. The backstory is the apparent banishment of a lefty blogger at AOL’s Political Machine who dared mention the Playboy post. That in turn has given more exposure to the AOL site’s dismissive treatment and dismissal of longtime “non-journalist” bloggers and the fundamental dishonesty of the high and mighty “journalists” now running it. NixGuy, who blogged at AOL for over two years, is mostly on self-imposed hiatus, but emerged to post interesting background and insights here and here.

Liberal men write hate-filled posts about conservative women they can only dream about. Meanwhile, a conservative man demonstrates how to wipe the floor with an MSNBC reporterette who thinks that David Letterman’s “jokes” about Sarah Palin (i.e, that she dresses like a “slutty flight attendant,” and that her daughter was recently “knocked-up by Alex Rodriguez” during a New York Yankees game) are no big deal.

This is from a couple of weeks ago, but it shouldn’t be missed — Dick Morris’sThe Incredible Shrinking Clintons.” It looks like Barack Obama suckered Hillary into becoming Secretary of State, and has now essentially marginalized her.

Uncle Sam’s Bureau of Labor Statistics (BLS) has something called a “birth/death model” that it uses to estimate jobs gained and lost from new business start-ups and business closures. Every month, that estimate is built into the job gain/loss statistics. As seen here (page changes every month), that model’s +220,000 and +226,000 jobs made up the vast majority of May and April 2009′s on-the-ground (i.e., NOT seasonally adjusted) additions of 319,000 and 271,000 jobs, respectively. To be clear, the impact on any given month’s seasonally adjusted jobs number isn’t huge. But if the monthly birth/death estimates are off repeatedly, that’s another story. I’m sure that the BLS’s birth/death model works as well as something inherently imperfect can in normal times; but these aren’t normal times. The POR Economy has imposed an atmosphere of uncertainty (e.g., energy, taxes, regulation) and threat (Chrysler debt, GM debt, TARP) in the private sector the likes of which we haven’t seen since the 1930s. I believe that the general atmosphere of uncertainty is holding back new start-ups, and restraining those who nonetheless take the plunge from taking on employees. If the birth/death model is overstating net gains, as I believe it is, we will see the reported jobs numbers come down significantly when BLS does its annual comprehensive revisions next year.