Friday, September 23, 2011

Dow's worst week since October '08


Well, it's only taxpayer money

Dead federal retirees are paid $120 million annually, report says

The federal government pays out millions of dollars to dead people each year — including deceased retired federal workers, according to a new report.

In the past five years, the Office of Personnel Management has made more than $601 million in benefits payments to deceased federal annuitants, according to the agency’s inspector general. Total annual payouts range between $100 million and $150 million.

Play along, it makes Al Gore feel better.

We will use revenues to create millions of 'green jobs'—like the ones eliminated earlier this month at Solyndra.--your federal government.

A Non-Powerful Solar Day In Washington...From Paris


Somehow, it's seems fitting that today in Washington the solar power exhibit was 'rained out' and today the Solyndra executives plead the 5th.
http://www.csmonitor.com/USA/Latest-News-Wires/2011/0923/Solar-energy-Solyndra-leaders-invoke-5th-Amendment-at-hearing

Intercontinental Railroad--bring your own oxygen

New gaffe: Obama hails America's historic building of 'the Intercontinental Railroad'

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A train from America to France? Bring your own snorkel. When Bush made gaffes like this the brie and chardonnay crowd snickered in coordinated superiority.

It was the republicans that ended slavery.

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  • NBC News Anchor: GOP Thinks 'Slavery Was Cool'

  • Cowboy/Redskins football trash talk

    Cornerback DeAngelo Hall is planning to target quarterback Tony Romo’s broken rib on Monday night. That sounds good to Washington Redskins defensive coordinator Jim Haslett.

    “Well, you think about it: He’s not allowed to hit him in the head. And he can’t hit him below the knees. So he’s only got one place you can hit him,” Haslett said. “It’s such a shame he’s hurt.”
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    As a Cowboys fan I can only thank DeAngelo Hall for his comments. I think his threat of injuring Romo further could make the Cowboys' pass rusher DeMarcus Ware just a little more hungry for ribs too...like the ribs found on Redskins Quarterback, Rex Grossman.

    Michael Moore: the rich better give in, or there will be violence


    "The smart rich know they can only build the gate so high. And, and, sooner or later history proves that people when they've had enough aren’t going to take it anymore. And much better to deal with it nonviolently now, through the political system, than what could possibly happen in the future, which nobody wants to see," Michael Moore said on Current TV's "Countdown" program.

    Moore was alluding to riots, which he was discussing with "Countdown" host Keith Olbermann prior to his comment to deal with things nonviolently now.

    Solar energy showcase event rained out


    The Department of Energy's Solar Decathlon kicked off today in Washington on the National Mall, under inauspiciously dark rainy skies. In a press release announcing the competition, Department of Energy Secretary Steven Chu is quoted as saying, "The Solar Decathlon collegiate teams are showing how clean energy products and efficient building design can help families and businesses reduce energy use and save money...The event challenges talented students to become pioneers of clean energy technology and helps ensure that out nation remains competitive in the workforce of tomorrow."

    Chu has reason to be hopeful that the competition pays off: The Department of Energy gives a $100,000 grant to each team just to participate in the Solar Decathlon, in addition to all the other costs of hosting and producing the competition. (Some of the other costs are offset by the myriad sponsors--from Lowe's to Pepco.)

    POTUS flunks math

    Steve Huntley writing in the Chicago Sun-Times:

    When President Barack Obama rails against “millionaires and billionaires,” as he does often, Republicans accuse him of trying to divide the country by class. In his speech calling for $1.5 trillion in tax increases, mostly on high-income earners, Obama declared, “This is not class warfare. It’s math.” The problem for him is that his math doesn’t add up.

    For starters, Obama’s tax increases hit individuals making $200,000 and families and small businesses earning $250,000. That’s far from being a millionaire. Sen. Charles Schumer, one of a number of the Democrats critical of Obama’s tax plan, notes that $250,000 “doesn’t make you rich at all” in high-cost-of-living, high-tax New York.

    Furthermore, the numbers dispute Obama’s assertion that “the wealthy” don’t pay their fair share of taxes, according to an analysis of recently released IRS data for 2009 by the nonpartisan Tax Foundation. The study shows that taxpayers earning more than $200,000 accounted for 25 percent of the nation’s adjusted gross income for that year but paid 50 percent of the $866 billion in 2009 income taxes.

    Also, those awful corporations that left-wing Democrats hate so much pay a lot of taxes. The 1,900 largest corporations accounted for two-thirds of the $227 billion in 2009 corporate income taxes, according to the foundation.

    http://www.suntimes.com/news/huntley/7805758-417/obamas-faulty-math-higher-taxes-for-rich-just-doesnt-add-up.html

    Golden State no longer golden for jobs

    California unemployment rate hits 12.1% as employers slash jobs

    State employers reduce payrolls in August for the second month in a row as they see signs of a faltering economy, pushing the jobless rate up from 12% in July.

    http://articles.latimes.com/2011/sep/17/business/la-fi-california-jobs-20110917

    Dr. Krauthammer has a diagnosis for Obama:

    Charles Krauthammer:

    The authentic Obama is a leveler, a committed social democrat, a staunch believer in the redistributionist state, a tribune, above all, of “fairness” — understood as government-imposed and government-enforced equality.

    That’s why “soak the rich” is not just a campaign slogan to rally the base. It’s a mission, a vocation. It’s why for all its gratuitous cynicism and demagoguery, Obama’s populist Rose Garden lecture on Monday was delivered with such obvious — and unusual — conviction.

    He’s returned to the authenticity of his radical April 2009 “New Foundation” address (at Georgetown University) that openly proclaimed his intent to fundamentally transform America.

    Good. There’s something to be said for authenticity. A choice, not an echo, said Barry Goldwater. The country will soon choose, although not soon enough.

    http://www.nationalreview.com/articles/278065/return-real-obama-charles-krauthammer

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    Remember, Krauthammer is a psychiatrist as well as a pundit. I think his diagnosis of Obama is correct.

    We're Sinking Under Obama's Policies

    Investors Business Daily:

    By any meaningful measure, then, our president has followed the least-successful economic policies of any U.S. leader since World War II. As recession seems ever more possible, the IMF warns of a U.S. "lost decade."

    Whether it's jobs, economic growth, energy prices, incomes, regulation, weak foreign policy, or the quality of our lives and the nation's social fabric, America's current course looks questionable at best.

    No wonder the markets are so volatile. They discount not the present, but the future. And the future for investors is murky at best and downright dark at worst.

    http://www.investors.com/NewsAndAnalysis/Article/585780/201109221859/Small-Wonder-Were-Sinking.aspx?src=IBDDAE