December 4, 2012

Politico’s Sycophants Call Dems’ 2012 Guv Race Efforts (Net One Slot Lost) ‘Successful’

Entering the 2012 election cycle, Republican governors were in charge of 29 of the nation’s 50 states. After the election, their number rose to 30. Though there were disappointments, my trusty spin-free calculator tells me that’s a net pickup of one.

The sycophantic leftists at the Politico apparently see things differently, judging by the following email I received early this evening:

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Not News: The Flat Big 3 and GM’s (Election-Driven?) Channel-Stuffing

While it’s not fair to criticize the press’s coverage of November’s vehicle sales as unfair or not balanced, it would be more than fair to say that the press is either ignoring or minimizing the impact of two important influences which have been at work all year. The first is the continued loss of combined market share at the industry’s two US-headquartered makers, General Motors and Ford (Chrysler, the other member of Detroit’s “Big 3,” is owned by Fiat).

The second is that 2009 government bailout beneficiary GM continues to “channel-stuff” its dealers with vehicles they won’t sell for four months or longer — and that’s if the economy doesn’t slow down or go into a recession. Dealer inventories are now twice as high as they were three years ago — and no, GM’s sales haven’t doubled in the meantime — which makes one wonder, especially this fall, if it was being done solely to make the government and President Obama look good.

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Quote of the Day: Zero Hedge

Filed under: Economy,Taxes & Government — Tom @ 10:14 am

In a post highlighting the current and cumulative significance of the Federal Reserve Chairman Ben Bernanke’s “quantitative easing” efforts:

What Bernanke implicitly, and in one week explicitly, has announced is that it now takes $85 billion in monthly Flow injection from the Fed just to keep the market from collapsing.

Thus, as ZH stated, “Hence (there will be) no unwind.”

The Fed’s artificial prop-up of the stock market has gone into frightening overdrive. Not coincidentally, it has also propped up the U.S. government headed by Barack Obama, largely protecting his administration from the awful consequences of its fiscal recklessness — so far.

It can’t last. The longer it does, the worse the crash will be.

Tuesday Off-Topic (Moderated) Open Thread (120412)

Filed under: Lucid Links — Tom @ 6:05 am

Rules are here. Possible comment fodder may follow later. Other topics are also fair game.

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Positivity: LA Guadalupe procession draws thousands in celebration of faith

Filed under: Positivity — Tom @ 6:00 am

From Los Angeles:

Dec 3, 2012 / 08:02 pm

An outdoor procession for Our Lady of Guadalupe held Sunday in Los Angeles attracted 25,000 participants to venerate the Virgin and to express their Catholic faith.

“We want to learn from the example of faith of our Blessed Mother, as Jesus did. Jesus learned his prayers and the practice of his faith from his Mother and from Saint Joseph,” Archbishop Jose H. Gomez told the crowd assembled for Mass following the Dec. 2 procession.

“This is an example for you, my brothers and sisters! You need to be good teachers, good role models for your children…share the stories of the Gospel and the beautiful apparition of Tepeyac. Teach them how to be generous and to love.”

Despite a rainy day, thousands of people came to process through East Los Angeles from Our Lady of Solitude parish to the Mass at East Los Angeles College Stadium. This was the 81st annual procession, which was started by Mexican Catholics fleeing government persecution in 1931.

“We also remembered the Cristeros as examples, because of the sacrifices they made for their faith, giving up their lives for their faith and for Christ,” Carolina Guevara, associate communications director at the Los Angeles archdiocese, told CNA Dec. 3.

She recounted that a woman whose father was a Cristero martyr participated in the Mass, which was a marker of how Our Lady of Guadalupe “unites us in our faith.”

The procession is held every year on the First Sunday of Advent as an archdiocese-wide celebration. This is to allow each parish to have their own Mass and mananitas for La Guadalupana on her Dec. 12 feast day, while also having a large inter-parish celebration. …

Go here for the rest of the story.