September 18, 2013

AP’s Claimed ‘Correction’ of Error on Use of AR-15 in Navy Yard Murders Not Reflected in Key National Site Story

With the Associated Press, aka the Administration’s Press, it’s always a good idea to verify whether a claimed correction has truly taken effect.

In the case of the wire service’s claim, relayed by Paige Lavender at the Huffington Post, that Aaron Alexis used an AR-15 in the Navy Yard murders yesterday, it hasn’t really happened. Lavender’s relay claiming AP’s correction and containing some of its alleged text (HT Twitchy.com) was suspicious on its face:

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‘We’re In QE unlimited’ … ‘The endgame is a total collapse, but from a higher diving board’

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

Marc Faber, as carried at Zero Hedge (video at link, but it’s only an audio interview), reacting to Fed Chairman Ben Bernanke’s “unexpected” decision to keep quantitative easing at its current rate:

“My view was that they would taper by about $10 billion to $15 billion, but I’m not surprised that they don’t do it for the simple reason that I think we are in QE unlimited. The people at the Fed are professors, academics. They never worked a single life in the business of ordinary people. And they don’t understand that if you print money, it benefits basically a handful of people maybe–not even 5% of the population, 3% of the population. And when you look today at the market action, ok, stocks are up 1%. Silver is up more than 6%, gold up more than 4%, copper 2.9%, crude oil 2.68%, and so forth. Crude oil, gasoline are things people need, ordinary people buy everyday. Thank you very much, the Fed boosts these items that people need to go to their work, to heat their homes, and so forth and at the same time, asset prices go up, but the majority of people do not own stocks. Only 11% of Americans own directly shares.”

… “The endgame is a total collapse, but from a higher diving board. The Fed will continue to print and if the stock market goes down 10%, they will print even more. And they don’t know anything else to do. And quite frankly, they have boxed themselves into a corner where they are now kind of desperate.”

“… (current Fed Chairman successor frontrunner Janet Yellen) will make Mr. Bernanke look like a hawk.”

“… The Feds have already lost control of the bond market. The question is when will it lose control of the stock market.”

We are in soooo much trouble.

Press release: Lee, Cruz, Rubio Praise House Bill to Keep Government Open, Defund Obamacare

Filed under: Activism,Health Care,Taxes & Government — Tom @ 9:02 pm

From Ted Cruz’s web site (bolds are mine):

WASHINGTON, DC – Today, U.S. Senators Mike Lee (R-UT), Ted Cruz (R-TX) and Marco Rubio (R-FL) praised House Republicans for proposing a spending bill that funds the federal government, prevents a government shut down, and permanently defunds Obamacare:

“Today’s announcement by Speaker Boehner is a victory for the American people,” said Sen. Lee. “For months, Americans have been telling Washington to fund the operations of government but also protect them from the harmful effects and unfair implementation of Obamacare. The spending proposal the Speaker put forth today shows that if the American people are united, Washington does listen. We encourage the House to approve this legislation quickly and I applaud Speaker Boehner for his leadership on this proposal. Then it will be up to Senate Majority Leader Harry Reid to pass this measure to fund government and defund Obamacare.”

“Today’s announcement that the House will vote to defund Obamacare is terrific news,” said Sen. Cruz. “Just a few weeks ago, this was deemed impossible. We commend House leadership and House Republicans for listening to the people and for taking decisive action to stop Obamacare, the biggest job-killer in America. Harry Reid will no doubt try to strip the defund language from the continuing resolution, and right now he likely has the votes to do so. At that point, House Republicans must stand firm, hold their ground, and continue to listen to the American people. President Obama has already granted Obamacare exemptions to big corporations and Members of Congress; he should not threaten to shut down the government just to deny those same exemptions to hard-working American families.”

“The American people have made clear they want Washington to keep the government open but also need protection from Obamacare’s harmful effects,” said Sen. Rubio. “Today’s announcement would accomplish what the American people have been asking of Congress. A solution is within sight in order to avert another crisis of Washington’s creation. President Obama and his allies in Congress should abandon their threats of shutting down the government and instead work with Republicans to pass this proposal that would keep government open while preventing taxpayer dollars from being used to inflict Obamacare’s damage on people’s jobs, incomes, current health plans and doctor relationships.”

CBS’s Mark Knoller Tweets Obama’s 2006 Quotes Opposing Raising the Debt Ceiling

At the Associated Press, aka the Admininstration’s Press, reporter Jim Kuhnhenn predictably and dutifully reported that President Barack Obama “reiterated his vow not to negotiate with Republicans over raising the borrowing limit.”

As usual, the AP and Kuhnhenn didn’t look back at how U.S. Senator Barack Obama’s debt-ceiling posture in 2006 sharply differed. Today, Mark Knoller at CBS New, after setting up Obama’s plans for the day, which included speaking to Business Roundtable CEOs, did so in a series of tweets (HT Twitchy; bolds are mine):
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WaPo: Fertilized Egg Is Not ‘A Living Being’ Until Implantation

It’s Science 101 time for the editorialists at the Washington Post, whose opposition to Virginia GOP gubernatorial candidate Ken Cuccinelli is so fierce that they will literally twist the facts of life to fit their agenda.

As Steve Ertelt at Life News noted Tuesday afternoon, the editorial involved includes “a rather un-scientific claim,” namely that “an unborn baby shortly after conception” doesn’t achieve status as a “living being” until implantation in the mother’s womb.

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Miller at WashTimes Catches NYT’s Aaron Alexis Story Error, Notes Media ‘Obsessed’ With Linking AR-15 to Navy Yard Murders

At the New York Times on Tuesday, Michael S. Schmidt claimed that “The suspect in the killing of 12 people at the Washington Navy Yard on Monday test-fired an AR-15 assault rifle at a Virginia gun store last week but was stopped from buying one because state law there prohibits the sale of such weapons to out-of-state buyers, according to two senior law enforcement officials.”

The portion of that statement about being “stopped from buying” an AR-15 isn’t true, writes Emily Miller at the Washington Times, not only because “state law” wouldn’t have prevented such an attempt, but also because Aaron Alexis didn’t even try to buy one. Miller asserts that the New York Times “should issue a correction immediately.” She also decries the establishment media’s “obsession” with tying the AR-15 to the Navy Yard shooting (bolds are mine throughout this post):

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Latest PJ Media Column (‘Larry Summers: A Casualty of the Left’s False ‘Financial Crisis’ Narrative’) Is Up

It’s here.

It will go up here at BizzyBlog on Friday (link won’t work until then) after the blackout expires.

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Very related: Petter Wallison, whose October 2011 Wall Street Journal column I quoted in mine, has another gem in the Journal this morning (bolds are mine) –

Peter Wallison: Five Years Later: Don’t Mention the Feds
Washington and the media are peddling a narrative that discounts the government’s role in the financial crisis.

With the fifth anniversary of the Lehman Brothers collapse, the media have been full of analyses about what happened in those fateful days. We hear plenty about Wall Street rapacity but any discussion of the government’s central role in the disaster is neatly avoided. This historical airbrushing is something of a feat, given the facts.

At the time of Lehman’s failure, half of all mortgages in the U.S.—28 million loans—were subprime or otherwise risky and low-quality. Of these, 74% were on the books of government agencies, principally the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

On their face, these numbers suggest that the government’s housing policy had created the demand for these mortgages, and thus had something to do with Lehman’s failure and the financial crisis. But in recent days nearly all articles have focused on the 26% of mortgages that were the responsibility of the private sector. It is as though the vast majority of the subprime mortgages that the government bought didn’t exist.

Perhaps you haven’t noticed, but since the 2008 meltdown, the government’s housing specialist, the Department of Housing and Urban Development, has not been active in the debate over housing policy. That might seem odd, but given the department’s role in the mortgage meltdown, it’s no wonder the agency would prefer to stay out of the limelight.

… There is no doubt what really happened. Between 1997 and 2007, HUD’s affordable-housing policies under two administrations built an enormous mortgage bubble—nine times as large as any bubble in modern history—and when this bubble collapsed, it caused a 30%-40% decline in housing prices. This left homeowners who had limited financial resources and no equity in their houses unable to refinance or sell, causing an unprecedented number of mortgage defaults. Shocked by these numbers, investors fled mortgage-backed securities, making them useless for short-term financing by financial institutions like Lehman. The result was a panic and a financial crisis.

When it became obvious that government policy was at fault, even Barney Frank—at the time the chairman of the House Financial Services Committee and a principal backer of the affordable-housing goals—confessed that the policy had been misguided. On Larry Kudlow’s CNBC show in 2010, Mr. Frank said: “I hope by next year we’ll have abolished Fannie and Freddie. It was a great mistake to push lower-income people into housing they couldn’t afford and couldn’t really handle once they had it.”

… If we ever hope to understand what led to the financial crisis five years ago—and how to avoid another one—we must start looking in the right places.

The left is constantly miscasting history to make sure that doesn’t happen. Read the whole thing.

Wednesday Off-Topic (Moderated) Open Thread (091813)

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

This open thread will stay at or near the top today. Rules are here. Possible comment fodder follows. Other topics are also fair game.

If you are on the front page, click “more” to see today’s items (updated sporadically; items time-stamped 6:05 a.m., if any, were posted earlier and held).
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Positivity: Social worker finds home (in her heart) for troubled foster child

Filed under: Positivity — Tom @ 6:00 am

From St. Petersburg, Florida (video at link; HT Daryn Kagan):

September 6, 2013 7:28 PM

From all four walls, success smiles down on 50-year old social worker Connie Going. She has helped match more than 1,000 Tampa Bay area foster kids with adoptive parents.

“Every child is adoptable,” Connie said. “There’s a family for every child.”

Connie said it’s her job to find out who that family is. But when she gets a kid like Taylor?

Connie’s heavy sigh punctuates a ten-year struggle over this kid — for ten years Connie tried to help Taylor get adopted — to no avail.

“It was always somewhat my fault, but I didn’t realize that, you know, when I was growing up,” Taylor said.

Neglected by drug-addicted parents, Taylor and his two sisters entered the foster system in 2003. Footage from a local news segment was aimed at trying to find the siblings an adoptive family. And eventually they were adopted — someone took all 3 — but then gave Taylor back, saying he had anger issues.

After that Taylor cycled in and out of more than a dozen foster and group homes. Connie did eventually find him another family but not long after, they returned him too — same reason.

“I was just so mad because I thought that they weren’t going to keep me,” Taylor said. “I was just trying to test them.”

“When you feel you’re not lovable and you’re up against someone loving you, that’s a pretty scary thing,” Connie said.

Throughout the whole process, Connie never gave up believing there was someone out there for Taylor — someone who could see his potential and help him realize it. But after that second family returned him, she stopped looking.

“All I could think about was how he was feeling and how he was blaming himself, again,” Connie said.

Connie says she felt so bad for Taylor she got this ache, this physical ache in her stomach. But it was a pain that came with an epiphany. She says she realized, right then and there, she couldn’t be his case worker anymore.

The next day she made arrangements to drop him as a client, and take him on as a son. …

Go here for the rest of the story.