September 15, 2010

If I Didn’t Know Better …

Filed under: Taxes & Government — Tom @ 11:46 pm

… I’d say that the same clowns who convinced ORPINO (The Ohio Republican Party In Name Only) that its hideous new logo is cool might be the same guys who convinced the national Democratic Party to put a blue target on its back:

demlogo

Ready, aim …

Comments: Please Continue to Use the Pop-up Form

Filed under: General — Tom @ 11:28 pm

The “Leave a comment” form after each post doesn’t work right now. The pop-up comment form still works, so if you would like to leave a comment, please use that method. To do so, click on the “Comments (moderated)” link at the bottom right of any post where you wish to put up a comment. It may appear that your pop-up comment won’t post after you hit “Say it!” — but it will.

We’re still investigating the problem — or I should say that my web guy is.

Steve Chabot Gets It

SteveChabot2010This post at his blog proves it.

OK, the GOP’s candidate for Congress in OH-01 doesn’t seem to get hyperlinking, so I’ll help him out. I’ll go over the items in print editions of the Cincinnati Enquirer to which he referred, all of which I found online.

First, there’s “Number of Families in Shelters Rises” (published in the New York Times, presumably carried in the Enquirer’s print edition).

Chabot’s comment could have been written by yours truly (but wasn’t):

“It’s interesting that when Republicans are in power, the mainstream press can’t do enough stories about homelessness, and Republicans’ alleged failure to take action to curb it. But now that the Democrats are in charge, it almost never gets mentioned. I wonder why?”

(Aside: Who wants to bet that most of the increase occurred from 2008 to 2009, and that very little was from 2007 to 2008?)

Next, there’s “Record Poverty Increase Expected” (an Associated Press report, again presumably in the Enquirer’s print edition).

Yours truly commented on this AP report on Sunday. Chabot’s reax is that “the story speak(s) for itself.” Indeed. The news is bad, but what’s just as bad is the fact that AP’s reporters don’t focus on the pain. No-no-no. They focus on the political danger the Census Bureau’s poverty report poses for President Obama and the Democratic Party. What a disgrace.

Then Chabot asks, “And how are young people doing in the Pelosi/Reid/Obama economy?” — as he refers to this item (in USA Today, presumably in the September 7 print edition of the Enquirer) about the impact of the current economy on young people:

Only 47.6% of people ages 16 to 24 had jobs in August, the lowest level since the government began keeping track in 1948, according to the Labor Department. By comparison, 62.8% of that age group was employed in August 2000.

I have a Pajamas Media column coming out, hopefully on Thursday, on this very topic. This is a tragedy that threatens to become a permanent part of the landscape.

Finally, Chabot goes to this locally originated item in this past Sunday’s Enquirer. The article cites the impact of impending tax increases (bolds are mine; my excerpt differs from Chabot’s):

The most sweeping tax cuts in decades – for all income levels – are due to expire at year’s end. President Obama wants Congress to extend most of the cuts, except for individuals earning more than $200,000 and couples making more than $250,000.

The fear is for small business owners who include business income with personal income, a common arrangement that would push them over the tax ceiling.

“There’s no incentive for me to grow,” says Loveland restaurateur Howard Shokler, who owns and operates five Penn Station subway shops, including one he took over last December. His five restaurants do less than $2 million in annual revenue, and his income puts him close to the $250,000 ceiling – dampening any urge to open another shop. He employs 112 full- and part-time workers.

Everybody in the business world is scared about what taxes are going to do,” Shokler says.

Local tax experts say even the smallest businesses could be affected.

Chabot’s reax: “… it makes no sense to be raising taxes on small business owners as Pelosi/Reid intend to do, if you’re serious about trying to create jobs for people.” But they’re not. He knows it, and anybody watching what these people do, and not what they say, knows it.

Chabot’s wrap:

So there you have it. The Party that likes to think of itself as the savior, defender and protector of the “little guy” is actually stepping on the little guy’s neck, and keeping him down. But there are a lot more “little guys” than big guys in this country, and they’re tired of being ignored, exploited, taken for granted, and out-and-out lied to by those who pose as their benefactors.

There’s a pretty good chance that about seven weeks from now (on Tuesday, November 2nd to be exact) a tsunami is coming, unlike anything we’ve seen in a long time. Power’s going to be taken from the arrogant likes of Nancy Pelosi and Harry Reid and given back to the hard-working, God-fearing, family-loving, patriotic “little guys” who made this country the greatest nation on the face of the earth. And it can’t come soon enough. Remember in November.

I told you. He gets it. With the rarest of exceptions, he always has.

More About Last Night

Filed under: Economy,Taxes & Government — Tom @ 12:12 pm

New York’s state of mind:

In New York, conservative Carl Paladino defeated Rick Lazio in the Republican gubernatorial primary to set up a November showdown with Democrat Andrew Cuomo, the son of former Gov. Mario Cuomo. Paladino received Tea Party support in defeating Lazio, who also was supported by some conservative groups.

Verb used at WaPo to describe the extent of Paladino’s win: “Crushed.”

That’s arguably more remarkable than Christine O’Donnell’s win in Delaware.

________________________________________________

Maryland House District 1

Club For Growth-backed Andy Harris won the Republican nomination a second time to take on Representative Frank Kratovil. Kratovil narrowly defeated Harris in 2008, but the surge of African American voters that helped carry him to victory that year seems unlikely to materialize, and Harris probably starts with a bit of an edge.

________________________________________________

Massachusetts House District 10 (from which Bill Delahunt is retiring) –

… Norfolk County DA Bill Keating won the Democratic primary by a narrow 51-49 margin – about 800 votes. Oddly enough, the last time this seat was open in 1996 the Democratic primary was close, and was decided by a recount fraught with fights over hanging and dimpled chads. On the Republican side, state Rep. Jeff Perry won the nomination. Perry has some baggage (as did his opponent, former Treasurer Joe Malone), but this district will be competitive. It’s the most heavily Republican district in Massachusetts, and Scott Brown won it handily in January.

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Massachusetts House District 4Sean Bielat, THE reason Barney Frank is all of a sudden telling people that Fannie Mae and Freddie Mac should be abolished after cocooning them for decades when it mattered, won his GOP primary race.

Anybody who thinks Barney Frank isn’t concerned hasn’t been reading the tea leaves.

Request for Corrections Sent to the Associated Press

Just sent the following to info@ap.org and to what I believe is Martin Crutsinger’s e-mail address:

Dear AP:

I am requesting that AP follow its “News Values and Principles” statement and correct clear errors present in Economics Writer Martin Crutsinger’s 2:56 p.m. report on Monday, September 13 covering the federal government’s release of its August 2010 Monthly Treasury Statement.

These three statements from Mr. Crutsinger’s report (“Budget deficit on pace to hit $1.3 trillion”) are incorrect:

1. “Deficits of $1 trillion in a single year had never happened until two years ago.”

Deficits of $1 trillion in a single year never happened until one year ago (i.e., fiscal 2009).

2. “Through August, government revenues totaled $1.92 trillion, 1.6 percent higher than a year ago, reflecting small increases in government tax collections compared to 2009.”

While “government revenues” (a better term would be “government receipts,” as “revenues” is a term usually reserved for sales of goods and services) are up, they are not up because of increased tax collections. Tax collections have decreased by about 0.5%. “Government revenues” are up only because of increased deposits from the Federal Reserve of its profits on investments. These investment profits are not “tax collections.”

3. “(Federal) Spending has totaled $3.18 trillion, down 2.5 percent from the same period a year ago.”

“Spending” is defined as “pay(ing) out, disburs(ing), or expend(ing) funds.” Spending as properly defined is not down 2.5 percent; it is up 4.4%.

The only reason why what the government refers to as “outlays” is down is that the government made a $115 billion non-cash accounting entry in March reducing reported “outlays” (Mr. Crutsinger and the AP reported on this entry when it occurred). This entry was a de facto acknowledgment that fiscal 2009′s reported “outlays” were $115 billion too high. After reducing fiscal 2009′s “outlays” by $115 billion and increasing 2010′s by the same amount, fiscal year 2010 “spending” is really up by about 4.4% over fiscal 2009.

In the circumstances, Mr. Crutsinger could have remedied the need for delving into and explaining the details just described by referring to the “government’s reported outlays” instead of using the word “spending.”

For more details concerning the three errors just described, please refer to this post at my blog:
AP, Crutsinger Publish Three Clear Falsehoods in August Report on Deficit

If the AP takes its pledge that “we will not knowingly introduce false information into material intended for publication or broadcast” seriously, it will take appropriate action to correct these three clear and irrefutable errors, in accordance with its stated policies for handling them in “CORRECTIONS/CORRECTIVES.”

If these errors are not addressed, I will have to assume that the Associated Press only follows its “News Values and Principles” when it’s not inconvenient or uncomfortable to do so. If these errors are not addressed, I would request that AP take down its “News Values and Principles” statement, as it will be clear at that point that it is not an operative document.

I also expect AP, as a professional organization, to respond specifically to this request via return e-mail to me as to how it has chosen to address this corrections request.

The opening statement in your organization’s “News Values and Principles” statement says that “When mistakes are made, they must be corrected – fully, quickly and ungrudgingly.” I look forward to AP’s full, quick and ungrudging corrections of Mr. Crutsinger’s three clear mistakes.

Sincerely,

Thomas W. Blumer
BizzyBlog.com

Graphics supporting Item 2 above which appeared at the original post are here and here.

Lickety-Split Links (090710, Morning)

Filed under: General — Tom @ 7:42 am

This goes back about 10 days to Big Bernanke’s post-GDP revision speech. It came from a CNNMoney.com e-mail:

CNNmoneyHeadlineOnBernanke082710

Translation: “Prosperity is just around the corner.” (BTW, Hoover claimed to have never made this statement despite its routine attribution to him, though I believe I’ve heard audio of it somewhere along the way).

This really is the worst economy since Herbert Hoover … and FDR.

___________

Positivity: Remembering 9/11′s Heroes — Leonard Hatton, FBI

Filed under: Positivity — Tom @ 5:58 am

LeonardHatton"Note: Cassy Fiano at David Horowitz’s NewReal Blog “I wanted to spotlight just a few of the incredible heroes of that fateful day.” This is the fourth (go there for the full story) of five such tributes.

* * * * *

Leonard Hatton, FBI

Special Agent Leonard Hatton was on his way to work that morning when he saw smoke and fire coming from the North Tower of the World Trade Center. He responded immediately, even though he wasn’t even tasked with responding to the emergency. From the roof of the Mariott Hotel, he reported the second plane crashing into the South Tower.

He then entered one of the towers, helping to evacuate victims until the towers fell.

He radioed the F.B.I. and relayed what he was seeing, one of his supervisors recalled, “then tried to pitch in and help as best he could.”

For Mr. Hatton, 45, that meant going into the burning buildings and getting people out. “He didn’t have to do that, but that was my husband,” Mrs. Hatton said. “He joined right in with the fire department to help people and gave his life for it.”

Special Agent Hatton was a veteran of the Marine Corps, a volunteer firefighter, and had a wife and four children. …