6
POPSResponding to modern Marxism Every single Democrat in the current majority, including Barack Obama, swore an oath to "preserve, protect and defend" the Constitution. Yet, they absolutely ignore the limitation of power set forth in Article 1, Section 8 of the Constitution. None of the 17 powers enumerated there authorizes the current health-care bills or the cap-and-trade bill, or the bailout, or the stimulus package – all recently passed by the House of Representatives. When asked by a reporter to identify the constitutional authority for the current health-care bills, Sen. Patrick Leahy said: "We have plenty of authority, why would you say we don't have authority?" Speaker Nancy Pelosi's reply to the same question was: "Are you serious? Are you serious?" Obviously, neither one is "preserving, protecting or defending" the Constitution when they ignore its limitation of congressional power.
2
POPSClub for Growth Endorses Rubio Moving on to the next ousting of a RINO. The GOP came out of the gate supporting Crist, but the man is just a Democrat with an R behind his name. Rubio will have my vote. On a recent survey sent out by the Republican Party I wrote "Rubio" all over it. They asked all the right questions and then give us crummy candidates.
2
POPS Washington and the Jobs Market The larger measure of joblessness that includes marginal and part-time workers jumped 0.5% to 17.5%. And the average hours worked in a week stayed the same at 33.0, which means that millions of Americans working part-time will have to become full-time before employers start hiring new workers. If Democrats really want to create jobs and save themselves from a debacle in 2010, their best policy option is to stop creating so much investment uncertainty and additional barriers to business hiring. Stop trying to raise business costs by making it easier to unionize via "card check." Stop trying to raise energy costs with a cap-and-tax bill. Stop adding to the deficit and future tax burden with a 12% increase in domestic spending for 2010. Above all, stop trying to ram through Congress on a partisan vote a health-care bill that imposes a 5.4-percentage-point income tax "surcharge" on anyone making more than $500,000 a year......
4
POPSIs the Economy Recovering? The Curious Case of 1920 vs. 1929
The basic questions we need to ask here are: 1. Why do economies recover? 2. Are we recovering? Q. Why do economies recover? A. They recover because bad investments made during the bubble are liquidated, valuable capital is no longer being wasted on them, new capital is formed from savings, and profitable enterprises attract new capital to expand. Low real interest rates caused by increased savings encourage borrowing, manufacturers use the capital to make new machines, producers of consumer goods buy them, cash goes through the system, consumers see things are getting better, more consumer goods are produced, and consumers buy them. It has to happen this way or the recovery will fail. The difficult part of a recovery is ugly. Bankrupt firms need to fail so that valuable capital resources are not wasted on their continuing activities. This means that unemployment rises (10.2% now) and business bankruptcies are high. Trillions of dollars of asset values are wiped out.
6
POPSEven more lies, damned lies and stimulus jobs So we've now seen reports of goosing stimulus job stats in Georgia, Illinois, Wisconsin, California, New Hampshire, Florida, Ohio, New Jersey, Virginia and Texas. (Ed Morrissey at Hot Air has more thoughts on the California story, as well as a round-up of some of the other state reports on stimulus chicanery.) At first the White House was owning up to "persisting errors" in the stimulus jobs data -- but when all the supposed errors seem to create the illusion of more jobs and are widespread from coast to coast, it sure looks like a deliberate ruse to hide the stimulus' clear failings. The White House needs to explain how this is happening before it turns into a full-fledged scandal.
3
POPSJobless Rate Jumps to 10.2% How much of that Stimulus money has gone overseas to *create* US jobs over there? I guess Ms. Pelosi will say we need to extend the unemployment benefits even more and her health care bill will be needed now more than ever. The American people can not win with this crowd. This Administration is Carter on steroids.
6
POPSOink Report - 3 November 2009 I am so glad that children who won't be born for decades yet will be paying the interest on the money spent to keep the Merry-Go-Round Museum open. That must save or create a gajillion jobs.
0
POPSBank of England holds Base Rate The Bank of England (BoE) has maintained interest rates at 0.5% for the eighth consecutive month. It is also pumping a further £25bn into its quantitative easing programme. Neil Young, chief executive of Young Group, said the Monetary Policy Committee (MPC) is unlikely to make any significant change to the base rate until the economy is firmly back on track.
3
POPS Economic Stimulation I’m a little late to today’s economic-stimulus exasperation party. Sorry. I was busy working at my unstimulated private-sector job, which uses pulp, ink, trucks, pens, notebooks and a lot of eletronics plus electricity and employs hundreds of taxpayers directly and indirectly to tell people how the hacks are trying to shaft them in Boston. It was great. I enjoyed it. Even though, far from looking for or getting any support, we’ve had to fight the government over simple things like the freedom to enter business relationships with other news organizations that might have made us more financially viable. Thank you, Ted Kennedy, liberal lion.
4
POPSSo much for cutting PORK - $2.3 million for the U.S. Forest Service to rear large numbers of arthropods, including the Asian longhorned beetle, the nun moth and the woolly adelgid. - $3.4 million for a 13-foot tunnel for turtles and other wildlife attempting to cross U.S. 27 in Lake Jackson, Fla. - $1.15 million to install a guardrail for a persistently dry lake bed in Guymon, Okla. - $9.38 million to renovate a century-old train depot in Lancaster County, Pa., that has not been used for three decades. - $2.5 million in stimulus checks sent to the deceased. - $6 million for a snow-making facility in Duluth, Minn. - $173,834 to weatherize eight pickup trucks in Madison County, Ill. - $20,000 for a fish sperm freezer at the Gavins Point National Fish Hatchery in South Dakota. - $380,000 to spay and neuter pets in Wichita, Kan. - $300 apiece for thousands of signs at road construction sites across the country announcing that the projects are funded by stimulus money. - $1.5 million f
5
POPSAfter flurry of stimulus spending, questionable projects pile up
- $3.4 million for a 13-foot tunnel for turtles and other wildlife attempting to cross U.S. 27 in Lake Jackson, Fla. - $1.15 million to install a guardrail for a persistently dry lake bed in Guymon, Okla. - $9.38 million to renovate a century-old train depot in Lancaster County, Pa., that has not been used for three decades. - $2.5 million in stimulus checks sent to the deceased. - $6 million for a snow-making facility in Duluth, Minn. - $173,834 to weatherize eight pickup trucks in Madison County, Ill. - $20,000 for a fish sperm freezer at the Gavins Point National Fish Hatchery in South Dakota. - $380,000 to spay and neuter pets in Wichita, Kan. - $300 apiece for thousands of signs at road construction sites across the country announcing that the projects are funded by stimulus money. - $1.5 million for a fence to block would-be jumpers from leaping off the All-American Bridge in Akron, Ohio. - $1 million to study the health effects of environmentally fr
5
POPSObama Love Stimulus Package… By God, opps… I mean… I deserve worship, damn it! My presidency is on the verge of the greatest hate fest since the last years of Adolph… Why don’t they love me? (re-checks polls for races in VA, NJ, NY) Damnit! I am the Chosen One! What is wrong with these people? They are just supposed to worship me and let me convert the country into a Communism that would make Uncle Mao Smile…. dratz… I know! Cash for Love! That’s it!! Rahm? Call Pelosi and Reid. It is time for an Obama Love Stimulus Package… By God, opps… I mean… By Me, I deserve worship Damn it! …even if I have to tax the rich even more for the giveaway Obama Dollars to buy it! And, the Beatles were all white guys… what the hell do they know?
6
POPSJob Creation??Yeah Right Even though the White House is now acknowledging that there have been errors made in calculating the true number of jobs created with stimulus money, that isn’t stopping them from keeping the inflated 30k + figure on the recovery.org website. You’d think a website that was created with $18 million would have a way of self-correcting, but apparently it doesn’t. But hey, there’s a whole bunch of employed czars. So, you know, we have that.
3
POPSCBS News: Obama's Just Kinda Making Stuff Up About Jobs "Saved or Created" This report is not worth the paper it is printed on. Here is how the government defines how well the stimulus is working: “If a single dollar of Spendulus was spent on an employee's salary, whether that employee was a new employee or an old one, that gets counted as a job "saved or created." If he's a new employee, that job was created. If he's an existing employee, that job was saved.” How utterly ridiculous and useless is this rule? Resorting to lies to pat itself on the back. Don’t they realize how much worse this makes them look when they resort to this type of glad-handing?
8
POPSPork Report - 28 Oct 09 Junket watch: Speaking at a beachfront spa and resort, Federal Reserve Chairman says Americans need to save more and the country must “substantially reduce federal deficits”