October 14, 2010

Moonbats for Mandel

Filed under: News from Other Sites,Taxes & Government — Tom @ 6:09 pm

Even some lefties can’t handle Kevin Boyce’s “Meet the FOKkers” (Friends of Kevin) cronyism and corruption. Some of them are even specifically saying that Josh Mandel would be a better choice for Ohio State Treasurer. Well, of course he is.

Examples follow (HT to an e-mailer).

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At Daily Kos (diarist Mike Stark):

When progressive Democrats should vote for the Republican – or the Corruption of Kevin Boyce

… It would be wrong for progressive to toe the party line and give Boyce a pass for his rank corruption and cronyism.

… with Ken Boyce, the more substantive kind of corruption runs to the bone…

… cronyism, corruption, nepotism…maybe small potatoes in the big picture, but those are some pretty hefty salaries, which I’m guessing virtually any of the 200,000 individuals who lost jobs during Kevin’s Boyce’s tenure would have love to gotten. Specifically, the scores of people with state government and financial experience, who obviously suffered from not going to the right church or high school.

… this progressive is joining the Editorial Boards of the Cleveland Plain Dealer (endorsed Barack Obama), Toledo Blade (a paper with a lefty reputation that was the only major Ohio publication to endorse progressive Sherrod Brown in 2006), and The Dayton Daily News (center-left by reputation) to tell you you absolutely should not vote for the corrupt pro-corporate Democrat, Kevin Boyce for Ohio Treasurer. You should support Republican Josh Mandel, or if you can’t stomach voting for a Republican–particularly after some of his despicable ads in this race–vote for the Libertarian candidate Matthew Cantrell.

At myDD (diarist Texas Nate):

Elect Good Progressives, Not Corrupt Pretenders Like Kevin Boyce

While Ohio was losing jobs by the boatload, he filled many of the few good state jobs available with his high school, political and church cronies.

At Down With Tyranny (“Ohio Treasurer Kevin Boyce: Corrupt, Cowardly & Incompetent“):

… But I’d like to talk about another terrible, corrupt Democrat today, one who has not received the attention he deserves. I am speaking of Appointed City Councilman/Appointed Treasurer Kevin Boyce. I wouldn’t be surprised if Boyce agrees with right wingers who want to repeal the 17th Amendment (direct election of US Senators) as he can’t seem to actually get himself elected to anything, unless you include a 2-3 person ballot of insiders who know they can count on him to do whatever they want.

But Boyce’s record goes well beyond just his ability to hold office without running for it. Boyce is as corrupt as a Democrat gets, hiring his high school buddies, church friends and political cronies to fill key positions in Ohio’s Treasury, while wasting thousands upon thousands of taxpayer dollars to put his name on things like water bottles and hand sanitizer (which might be necessary for absolution after shaking his hand).

… Additionally, I have heard some even more distressing stories about Boyce’s intolerance. He once sat in a senior staff meeting while one of his staffers made a comment about “working harder than a Hebrew slave,” and when other senior staffers expressed dismay, simply chose to ignore it. He also once referred to his opponent at a fundraiser, Josh Mandel (another loser), as a “rich Jew,” after making sure there were no Jews in the room.

Members of the gay community have told me of his disgust for them and unwillingness to reach out, and he was even caught referring to one of his female staffers as a “loud, white woman.”

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Chris “The F***ers” Redfern has apparently been unavailable for comment.

AP Report Says What Ex-Food and Energy Inflation Is, And Not the Overall Number

Filed under: Economy,Taxes & Government — Tom @ 2:45 pm

This paragraph from an Associated Press report by Christopher Rugaber on today’s economic news should at a minimum strike readers as odd:

A third report noted that prices at the wholesale level remained tame outside a sharp rise in food and energy costs. Excluding those two volatile categories, core wholesale prices rose just 0.1 percent, the Labor Department said.

So we’re left hanging. Gee Chris, what was the overall change in the Producer Price Index? He never says, at least not in the 11:44 a.m. version of his report.

For the record, overall wholesales prices in September increased by 0.4% for the second month in a row. Since September 2009, the overall indices for finished goods and intermediate materials have increased by 5.6% and 4.0%, respectively.

Why is Chris Rugaber hiding the overall rise in prices, particularly in the past month? Could it be that he doesn’t want the world to hear the larger number, lest people start thinking that in addition to economic malaise and unemployment, we now need to start being concerned about inflation?

If that’s his concern, based on the radio news I’m hearing, Rugaber’s gambit is working. Radio news readers, who largely rely on AP reports for the business news they relay to their audiences, are telling us that ex-food and energy, wholesale prices barely budged. Nice job, Chris. Way to under-inform. You get your “I Protected Barack Today” sticker.

Finally, does anyone think that Rugaber would have held back on reporting the final number if it had been 0.1% or negative?

Cross-posted at NewBusters.org.

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BizzyBlog Update: Here’s a Reuters contrast carried at CNBC —

At the same time, record-high imports from China helped push the U.S. trade deficit wider in August, while rising food and energy prices pushed inflation at the wholesale level up twice as fast as expected last month.

In a separate report, the Labor Department said U.S. producer prices rose 0.4 percent in September and the core index, which excludes volatile food and energy prices, rose 0.1 percent in the month.

See Chris, that wasn’t so difficult.

The U-Word, Again (Unemployment Claims Up ‘Unexpectedly’)

Filed under: Economy,Taxes & Government — Tom @ 11:15 am

Don’t know why doing worse than anticipated is “unexpected” any more, but it is:

Weekly initial unemployment claims jump unexpectedly

Economists who expected a decrease in the weekly initial unemployment claim numbers released today by the U.S. Labor Department were disappointed. The weekly report showed that initial jobless claims rose 13,000 from the previous week’s revised figure of 449,000 to 462,000.

Bloomberg had been expecting 445,000.

Here are two more sober-ups:

  • The 449,568 not seasonally adjusted (NSA) number for the past week (w/e Oct. 9) was over 20% higher than the previous week’s raw number (373,654).
  • The dive during the two analogous weeks last year was to 451,860 from 508,659, or about 13%.

I want to be wrong about this, but don’t be surprised if next week’s raw number exceeds last year’s 460,269.

Thank You, Daniel Henninger (‘Capitalism Saved the Miners’)

CRI-DRILL-AT-CHILE-MINE-RESCUE-SITEAt a time when clueless people like Chris Mathews and Richard Trumka are using the Chilean mine rescue as an opportunity to bash freedom-loving people and the system which developed the technology that gave the pair the ability to air their ingratitude, Daniel Henninger’s Wall Street Journal op-ed has arrived in the nick of time (bolds are mine; internal links added by me):

Capitalism Saved the Miners
The profit = innovation dynamic was everywhere at the mine rescue site.

It needs to be said. The rescue of the Chilean miners is a smashing victory for free-market capitalism.

Amid the boundless human joy of the miners’ liberation, it may seem churlish to make such a claim. It is churlish. These are churlish times, and the stakes are high.

In the United States, with 9.6% unemployment, a notably angry electorate will go to the polls shortly and dump one political party in favor of the other, on which no love is lost. The president of the U.S. is campaigning across the country making this statement at nearly every stop:

“The basic idea is that if we put our blind faith in the market and we let corporations do whatever they want and we leave everybody else to fend for themselves, then America somehow automatically is going to grow and prosper.”

Uh, yeah. That’s a caricature of the basic idea, but basically that’s right. Ask the miners.

If those miners had been trapped a half-mile down like this 25 years ago anywhere on earth, they would be dead. What happened over the past 25 years that meant the difference between life and death for those men?

Short answer: the Center Rock drill bit.

… the reality behind the miracles is the same: Someone innovates something useful, makes money from it, and re-innovates, or someone else trumps their innovation. Most of the time, no one notices. All it does is create jobs, wealth and well-being. But without this system running in the background, without the year-over-year progress embedded in these capitalist innovations, those trapped miners would be dead.

The miners’ rescue is a thrilling moment for Chile, an imprimatur on its rising status. But I’m thinking of that 74-person outfit in Berlin, Pa., whose high-tech drill bit opened the earth to free them. You know there are tens of thousands of stories like this in the U.S., as big as Google and small as Center Rock. I’m glad one of them helped save the Chileans. What’s needed now is a new American economic model that lets our innovators rescue the rest of us.

Read the whole thing, as Henninger makes other important points about who performs better in disasters, and notes some of the items integral to the miners’ survival until the Center Rock-driven breakthrough occurred. A more detailed look at some of those technological marvels is in a September 30 WSJ report (“Inventions Ease the Plight of Trapped Miners”) by Matt Moffett.

I’d put money on the idea that innovators like those who saved the miners and made their survival possible while they were trapped have a better chance of rescuing our economy than a government that arrogantly ridicules them and spends vast amounts of time, money, and energy seemingly doing everything it can to get in their way.

Positivity: Mario Sepúlveda Espinace Returned Bearing Gifts

Filed under: Positivity — Tom @ 5:59 am

At the Anchoress, an excerpt:

Obviously, we are all watching the rescue of the 33 Chilean miners–Operation San Lorenzo–and it is so moving and inspiring – a rare moment when the world can rejoice together. Heroes from all over the world have gathered and drilled as millions throughout the globe prayed and hoped, and then, finally, we watched that exquisite moment when the first miner to ascend, Florencio Ávalos Silva and his wife and son embraced. Chills.

And then, after a brief wait, the second miner emerges from the rescue capsule with great joy; he embraces his wife and then opens a bag to retrieve…gifts.

For others. …

Read the whole thing.