September 1, 2009

Lucid Links (090109, Morning)

Filed under: Lucid Links — Tom @ 10:01 am

Barely scratching the surface, as usual ….

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No Cash for Lots of Clunkers:

Auto makers will release their monthly sales reports Tuesday and they’re expected to show the first year-to-year increase since 2007. While the Cash for Clunkers program is getting all the credit, local car dealers are still waiting for their cash.

…. When Cash for Clunkers was first announced, dealers were supposed to be reimbursed within 10 days of a sale.

Given that many of these dealers have had to borrow money or delay payments to their own vendors to get through this, I’d say a 1-1/2% fee for late payment would be in order. Fat chance.

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HCAN instructing people how to disrupt meetings” — Gee, where’s the footage of tea partiers engaging in the same tactics? Answer: There is little if any, because that’s not how they roll. Do watch the vid at the Hot Air link.

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Another argument for distance learning, courtesy of Duke University, at a post by KC Johnson that has to be read to be believed (even then, it will be difficult to believe).

Instapundit pegs the central argument — “Why would anyone pay a fortune to send their kid to a place that has demonstrated this degree of incompetence — and sheer meanness?” Sadly, there’s a long list of such places.

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Five years ago, over 300 hostages, mostly children, died in Beslan, Russia, at the hands of terrorists.

The AP’s brief report (as of 9:30 a.m.; it may change later) still calls the murderers “militants.”

Even Wikipedia is more honest than that. The Wiki entry even quotes a missive from the hostage-takers’ leader referring to themselves as …. M-M-M-M …. M-M-M-M …. (yes, we can still say it here) Muslims.

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Jennifer Rubin at Pajamas Media makes a great point, which is essentially that the establishment media’s deliberate under-coverage and non-coverage of this past spring’s tea party protests (or its air of condescending ridicule when such coverage did occur) blindsided Washington’s political establishment to what was going to occur at town hall meetings throughout the nation in August.

It would appear that the Obama administration and the Democratic Party has to this point feasted on the usually fawning news coming from the Associated Press, the New York Times, and network TV news, to the exclusion of what most of the rest of us would refer to as “what’s really happening.” So of course they didn’t this coming. The lapdog liberal press has often inadvertently hurt the causes they cherish in this manner; this is yet another example.

You’d think that one of these days they’d figure out that reporting the truth, and letting the chips fall where they may might be more effective. But the reason they don’t is this fundamental truth from Lady Thatcher: “The facts of life are conservative.” Consistently reporting in a fair and balanced manner would be their causes’ doom.

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3 Comments

  1. Not only are the dealerships paying interest on that loan, but they also owe federal and state taxes on that money as well! When is the next quarterly tax payment due? For those businesses who accrue, would that be Sept 15th? And what is their percentage of tax?

    Warner also pointed out that in some states the $4500 is considered income to the car buyer… Wouldn’t that suck if that amount was in the higher tax rate. Luckily for the car buyers, the federal tax burden falls upon the dealer. But then what this really means is that cost is passed on to those who buy other cars from the dealership. Free money is not free when someone else has to pay for it. http://www.publiusforum.com/2009/08/26/tax-for-clunkers/

    Comment by dscott — September 1, 2009 @ 12:33 pm

  2. The metropolitan area unemployment table has been updated, most recent month – July.

    1 Bismarck, ND Metropolitan Statistical Area 3.1
    2 Fargo, ND-MN Metropolitan Statistical Area 4.2
    2 Rapid City, SD Metropolitan Statistical Area 4.2
    4 Sioux Falls, SD Metropolitan Statistical Area 4.5
    5 Grand Forks, ND-MN Metropolitan Statistical Area 4.6
    5 Lincoln, NE Metropolitan Statistical Area 4.6
    7 Ames, IA Metropolitan Statistical Area 4.7
    8 Iowa City, IA Metropolitan Statistical Area 4.8
    8 Logan, UT-ID Metropolitan Statistical Area 4.8
    10 Billings, MT Metropolitan Statistical Area 4.9
    10 Houma-Bayou Cane-Thibodaux, LA Metropolitan Statistical Area 4.9

    http://www.bls.gov/web/laummtrk.htm

    North Dakota, South Dakota and Nebraska continue to be regions of good job prospects. Take your fate in your own hands, pack your bags and get out because the government is not going to make a real one.

    BTW – El Centro, CA unemployment is now at 30.2% !!! How much failure will the people of California tolerate before cleaning house of the politicians who made this fiasco with their sanctuary city, high taxes and absurd regulations?

    Comment by dscott — September 1, 2009 @ 12:58 pm

  3. #1 – Absolutely dscott, and that’s the whole problem with government intervention and socialism in general. It assumes simple solutions and easy fixes to what is a complex system – the economy. That’s why the free market is superior, it allows for the flexibility to deal with all the intricacies of economics as well as the fact it makes situations and what works and doesn’t work easier to read. Not to mention that it avoids all the distortions and perverse incentives that socialism introduces and that makes economies even more complicated. Unfortunately, people will look at he fact that car sales were up due to CfC and either not not know about or care about the high cost of the program, the temporary nature of the boost, and the many thorny issues CfC left behind. Instead of solving anything, it just made that much more problems for the long run.

    Comment by zf — September 2, 2009 @ 1:26 am

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