Monday, January 16, 2012

Elizabeth Warren: uber hypocrite


Elizabeth Warren

Holly Robichaud:

Lizzy has suggested she believes it takes a village to get rich. Her experience indicates it actually takes a part-time job at Harvard. In 2009, her salary was $350,000 and she earned $429,000 for 2010 and 2011.

She also raked in $136,000 in royalties from her books, $10,000 for lecturing at a Boston law firm, $90,000 for consulting for a Florida law firm and $43,000 for working for Traveler’s Insurance.

Wait one minute; I thought insurance compan-- ies were evil, according to the Obama administration.

Let’s not forget the Oklahoma transplant earned a hefty salary for part-time government work. As a special adviser for President Obama, she was compensated $165,000 from September 2010 through August 2011 and she received $192,000 for serving on the Congressional panel overseeing TARP.

So we can say that based on her own experience, she’s at least part right. No one gets rich on his or her own . . . when they are working for the government. Because that’s taxpayer money.

Just like every other middle-class household in Massachusetts, her investments are valued at $3 million. Is her middle name Forbes?

Her home is estimated to be worth $1 million to $5 million. That doesn’t cut her out of the 99 percent because it is located in the politically correct neighborhood of Cambridge. It is middle class when you compare it to the pads of her fellow Democrats, U.S. Sen. John Kerry and Gov. Deval Patrick.

The only thing that could make her a more hypocritical class warrior is if she anchored a yacht in Rhode Island.

There is nothing wrong with being financially well-off. The problem is that Lizzy wants everyone in the 1 percent to feel guilty about their success while she lands another six-figure part-time gig.

Alternative Newsweek cover

The Civil Rights Act of 1964 would not have passed without Republican votes

The historical truth about the Civil Rights Act of 1964:

"Although Democrats had a historically large majority in the House of Representatives with 259 members to 176 Republicans, almost as many Republicans voted for the civil rights bill as Democrats. The final vote was 290 for the bill and 130 against. Of the “yea” votes, 152 were Democrats and 138 were Republicans. Of the “nay” votes, three-fourths were Democrats. In short, the bill could not have passed without Republican support. As Time Magazine observed, “In one of the most lopsidedly Democratic Houses since the days of F.D.R., Republicans were vital to the passage of a bill for which the Democratic administration means to take full political credit this year.”

Wikipedia to go dark Wednesday in protest against SOPA, PIPA

Joining the protest against two proposed federal Internet regulation bills, Wikipedia's English-language site will be blacked out for all of Wednesday, co-founder Jimmy Wales announced on Twitter today.

Beginning at midnight ET on Jan. 18, visitors will see a protest message for 24 hours, Wales tweeted. The move will affect 30 million to 40 million users, he said, correcting an initial figure of 100 million.

"This is going to be wow," read one of his tweets.

The Yankee King Of Cowboy Boots ...From Paris

Clients, who come from all over the world and are about 80% male, sit on a wooden thronelike chair in Mr. Miller's office for about 20 minutes of measurements—eight for each foot. He then takes an ink impression of customers' soles. Doing so allows him to "read the foot," helping him to determine where the metatarsal bones jut out, how wide the heel should be, how much wiggle room to allow for the toes and how to fit the arch. He scribbles the measurements in pen and draws a side profile of the foot, illustrating any bunions or odd shapes on a manila folder.



Little is digitized. Inside the cramped workshop, Mr. Miller and his team use rusting vintage leather-cutters and sewing machines to stitch together the boots and create the fancy embroidery and inlays. Some of his equipment and tools date back to the 1910s, 20s and 30s. The oldest piece of equipment, a side-seam stitcher, is from about 1910. He uses his own sketches as templates and still has most of the boot patterns sketched by his mentor Mr. Dunn.


http://online.wsj.com/article/SB10001424052970204257504577151404277248024.html

The Truth About Bain and Jobs

HOLMAN W. JENKINS, JR writing in the WSJ:

As a rule, private equity takes on the most troubled companies because turning them around offers the biggest profit opportunities. That's why private equity tends to generate more than its share of traumatic headlines. Look no further than Ripplewood Holdings' decision to put the maker of Twinkies into bankruptcy this week. It's the kind of decision that, were Ripplewood's principals ever to run for office, would get them savaged in an ad.

But guess what? Ripplewood also bought the company, Hostess Brands, out of bankruptcy three years ago, when it was called Interstate Bakeries. Ripplewood is just the latest manager to wrestle unsuccessfully with the company's fundamental problem, a unionized workforce in an industry where competitors aren't unionized.

Next time you're choosing a fattening indulgence in the checkout line, ask yourself if you're willing to pay extra so Twinkies and Wonder Bread (made by the same company) can arrive at the store on different trucks? So the driver can be excused from helping to unload? So the company can pay workers-comp costs way out of line the industry's? So a company with just 19,000 employees can administer 40 different pension plans?

We didn't think so.

But the best antidote to foolish thinking about job creation is the work of economists Steven J. Davis and John Haltiwanger. Their painstaking research has revealed a side of America's dynamism that isn't always pretty. Between 1977 and 2005, years roughly overlapping Mr. Romney's business career, some 15% of all jobs were destroyed every year, even as total jobs grew by an average of 2% a year. Job creation and destruction are both relentless, the authors showed in paper after paper. The small difference between the two is what we call prosperity.

Lace In Moderation ...From Paris

Lately I have been pairing a bit of lace with everything from rugged French industrial moving blankets to prettily patterned Peruvian bedspreads. Sheets and shams with a spot of something delicate—lace, crochet or embroidery—are exactly what a room full of sleekness needs. However, overdoing it, especially on the bed, with too much all at once, can tip the look into "Pretty Baby" boudoir bordello territory. Like everything else in life, enjoy your lace in moderation.


—Ms. Ruffin Costello is a writer and design consultant based in New Orleans

http://online.wsj.com/article/SB10001424052970203471004577141371318014382.html

Highly inflammatory headline by national mag, not backed up by details ...

Newsweek Wonders: “Why Are Obama’s Critics So Dumb?”

Posted by Jim Hoft on Monday, January 16, 2012, 10:46 AM

The Newsweek cover story this week asks, “Why Are Obama Critics So Dumb?”

The article is by far left Obama-supporter Andrew Sullivan who continues to push the lunacy that Trig Palin is not Sarah Palin’s son.

NewsBusters asks: Is there anything the mainstream media won’t do to get Obama reelected?
Indeed.

In fact, Sullivan’s fluff piece omitted these important truths.
Obama tripled the US deficit.

The Obama deficit this past year reached $1.2 trillion. (The Captain’s Comments)

Obama is the worst jobs president since the Great Depression.

Federal non-defense spending soared under Obama.

Super Economy Blog and Greg Mankiw

Obama set records in the long-term unemployment rate.

(EOAD)

Then there’s this by John E. at Ace of Spades:

Oh, and the economy was downgraded for the first time in a century.

But Sullivan thinks you’re dumb.
Unbelievable.

Power Line has more.


GOP field of candidates down a man, Huntsman quits

ABC news:

Huntsman to Drop Out of GOP Race; Will Endorse Romney