April 10, 2012

Tuesday Off-Topic (Moderated) Open Thread (041012)

Filed under: Lucid Links — Tom @ 8:45 am

Rules are here. Possible comment fodder follows. Other topics are also fair game.

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Solyndra loan guarantee was rushed. But we all really knew that.

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Another credit downgrade for Uncle Sam, this time from an outfit called Egan Jones. It’s not news at the Associated Press (don’t want anybody to worry, eh?). It is, to an extent at the Washington Post.

But we all really knew that more things like this were coming — and still are.

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Widespread stimulus fraud.

Say it ain’t so, Sheriff Joe (Biden).

But we all really knew that, just not its extent.

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Changes in private-sector employmentHere’s what the Congressional Budget Office says:

Change in the Number of Workers Between December 2007 and December 2010:
Fewer than 50 workers, -7.1 percent
50 to 499 workers, -8.1 percent
500 or more workers, -5.4 percent

It would require more research, but the traditional mantra has been that small businesses create a disproportionate number of jobs during a recovery. It would be interested to see what has happened since June 2009 when the recession ended, or in the past two years since the economy (finally) began gaining some (but nowhere near enough) jobs.

We all intuitively knew that small businesses were, relatively speaking, suffering compared to large firms in this crony capitalist economy.

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From the “We Knew That; We Just Didn’t Know How Much (and It Will Only Get Worse)” Dept.:

Health-care law will add $340 billion to deficit, new study finds

President Obama’s landmark health-care initiative, long touted as a means to control costs, will actually add more than $340 billion to the nation’s budget woes over the next decade, according to a new study by a Republican member of the board that oversees Medicare financing.

The study is set to be released Tuesday by Charles Blahous, a conservative policy analyst whom Obama approved in 2010 as the GOP trustee for Medicare and Social Security.

Excuse me while I question the Post’s characterization of an Obama-approved “policy analyst” as “conservative.” If he were, one would think that Obama wouldn’t have approved him in the first place.

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1 Comment

  1. Santorum has dropped out of the GOP primary. So now it’s up to Gingrich to convince the remainder that he is better than Romney at representing their interests. Otherwise we are stuck with Romney and will have to do the best we can with the crap we have. So Tom, the fate of the Republic hinges on the price of gasoline. IF it stays up, Obama will be defeated, if not 4 more years of wreckless spending ending in a Greek style debacle.

    Comment by dscott — April 10, 2012 @ 2:52 pm

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