Saturday, October 30, 2010

How's That Obama Base-Rousing Strategy Working Out? - Newsweek

How's That Obama Base-Rousing Strategy Working Out? - Newsweek

Shocker! Americans Prefer Tax Cuts Over Government Spending

Shocker! Americans Prefer Tax Cuts Over Government Spending: "

Yet another blow to the Keynesian theory of economic management. Of course, the American public has had since late 2008 to watch what happens when the government goes ballistic with spending, and seen how well that hasn’t worked

When faced with a budget crisis, most Americans think “it’s always better to cut taxes than to increase government spending because taxpayers, not bureaucrats, are the best judges of how to spend their money.”

A new Rasmussen Reports telephone survey finds that 59% of Americans agree with that statement, while 26% disagree. Fifteen percent (15%) are undecided. (To see survey question wording, click here.)

The thing is, we don’t really have to give more tax cuts, per se. Just have the President and Congress say early on “hey, we’re going to reauthorize the 2001/2003 tax cuts for, say, 5 years”, which would have offered some stability in the economy. Maybe some tax free weekends, or, how about tax free summer? That, and not spending like ferrets on crack.

Crossed at Pirate’s Cove. Follow me on Twitter @WilliamTeach. Get Out There And Vote!

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Friday, October 29, 2010

@JimPethokoukis, 10/29/10 2:26 PM

James Pethokoukis (@JimPethokoukis)
10/29/10 2:26 PM
If I was going to pick one number to define election, it would be this 68% think the stimulus failed -- Obama signature econ achievement

@sweetnesslight, 10/29/10 5:46 AM

Sweetness & Light (@sweetnesslight)
10/29/10 5:46 AM
Clinton Pushed Meek To Quit Florida Race

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American Thinker: The Democrats' Final Recourse: Massive Vote Fraud

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RE: Yes We Can, But…

RE: Yes We Can, But…

As Pete pointed out, the president's appearance on Jon Stewart's show was a telling one. It's not only we conservatives who think it was a bad outing for Obama. Dana Milbank observed:

The president had come, on the eve of what will almost certainly be the loss of his governing majority, to plead his case before Jon Stewart, gatekeeper of the disillusioned left. But instead of displaying the sizzle that won him an army of youthful supporters two years ago, Obama had a Brownie moment.

Obama may have thought that he'd get the "cool kid" treatment — the condescending left is full of his kind of people, after all — but, instead, he was the butt of the joke. Milbank continued:

"In fairness," the president replied defensively, "Larry Summers did a heckuva job."

"You don't want to use that phrase, dude," Stewart recommended with a laugh.

Dude. The indignity of a comedy show host calling the commander in chief "dude" pretty well captured the moment for Obama. He was making this first-ever appearance by a president on the Daily Show as part of a long-shot effort to rekindle the spirit of '08. In the Daily Show, Obama had a friendly host and an even friendlier crowd.

And yet he wound up looking neither cool nor presidential. Milbank suggests that this was an attempt to compensate for a lousy MTV outing. (Then, "he was serious and defensive, pointing a finger at his host several times as he quarreled with the premise of a question.") But it was really an attempt to compensate for a lousy two years.

In a real sense, Obama has tried to maintain two contradictory roles. On the one hand, he wants to be the darling of the left and of the cultural elites. He sneers at middle America, turns up his nose at "triumphalism" (as he described pride in the Iraq war effort), finds shoddy our record on human rights, attacks Wall Street, and finds American exceptionalism gauche. But he is also president, commander in chief, attempting to encourage an economic revival, leader of a major national party, and — most important from his perspective — up for re-election in 2012. The darling of the left runs headlong into the presidential/2012 candidate. We saw the dramatic clash of these two roles in the debate over the Ground Zero mosque. Obama and the leftist elites vs. everyone else.

But here's the thing about the leftist elites — nicely personified for this purpose by Jon Stewart. They don't like a loser. Cool kids are not losers. Their spin doesn't get by the cynics and the wisecrackers. So, pretty soon, the cool kids have something in common with the rest of America: they conclude that this president is a bumbler and not, after all, the change they were hoping for.

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Article: The Problem With QE: It Raises Costs, And It Doesn't Stimulate

The Problem With QE: It Raises Costs, And It Doesn't Stimulate

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Article: Why China's Importance In The World Is Grossly Exaggerated

Why China's Importance In The World Is Grossly Exaggerated

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Thursday, October 28, 2010

Chris Christie - National Review Online

Memo Leak: Barney Frank Challenger Within Margin of Error (
Memo Leak: Barney Frank Challenger Within Margin of Error  —  We obtained a Bielat campaign internal memo on their polling from last week showing the race is a statistical dead-heat against incumbent Congressman Barney Frank.  The memo, sent from an anonymous source, illustrates and echoes …

@CO2HOG, 10/28/10 5:10 AM

Vince Humphreys (@CO2HOG)
10/28/10 5:10 AM Flashback: Obama in 2006 Exalts Dem Take-Over of Congress; Warns Bush Not to Be 'Stubborn' #tcot

@IBDinvestors, 10/28/10 5:00 AM

IBD Investors (@IBDinvestors)
10/28/10 5:00 AM
Well it's official...ObamaCare discourages work - at least that's what the CBO says - $$

The Adventures of Shylock Holmes: The New Class War

@VodkaPundit, 10/28/10 4:10 AM

Stephen Green (@VodkaPundit)
10/28/10 4:10 AM
Do you fear the mad-duck congress?

Wednesday, October 27, 2010

@weeklystandard, 10/27/10 4:42 PM

weeklystandard (@weeklystandard)
10/27/10 4:42 PM
'Democrats Ask Pentagon for Info on Potential Obama Challengers':

@JimPethokoukis, 10/27/10 7:39 AM

James Pethokoukis (@JimPethokoukis)
10/27/10 7:39 AM
Newsweek: California's tax base is shrinking, so .... change laws to make it easier to raise taxes!

@zerohedge, 10/27/10 7:19 AM

zerohedge (@zerohedge)
10/27/10 7:19 AM
Pimco's Gross says renewed QE well telegraphed and QE2 likely to signify end of bond bull market

@JosephAGallant, 10/27/10 6:55 AM

Joseph A. Gallant (@JosephAGallant)
10/27/10 6:55 AM
Obama's roommate says-Overwhelm capitalism till it fails is his agenda: (No Surprise here) #tcot #p2 #teaparty #conserv

@marcthiessen, 10/27/10 6:44 AM

Marc Thiessen (@marcthiessen)
10/27/10 6:44 AM
In Washington Post, "Where does the SEIU get its money?" The SEIU's numbers don't add up. #tcot

The $25 trillion recovery

The $25 trillion recovery: "

Here's another milestone in the current global recovery: the market cap of global equities has risen $25 trillion from last year's low, a very impressive gain of no less than 100%. Millions of pessimists hanging out in cash since then have left a lot of money on the table.

American Thinker: Will of the People

American Thinker: Will of the People

New Obama GOTV Rallying Cry: Let‘s ’Punish Our Enemies’ | The Blaze

New Obama GOTV Rallying Cry: Let‘s ’Punish Our Enemies’ | The Blaze

If Housing Double Dips, Consumer Confidence Is Toast

If Housing Double Dips, Consumer Confidence Is Toast: "

Housing and consumer confidence weren't always joined at the hip, but that's because home values always rose regardless of the economic cycle.

That's changed since 2007, as Doug Short notes in this chart. The two clearly move together.

So if housing double dips -- as yesterday's Case-Shiller made abundantly clear is a possibility -- consumer confidence is probably shot. And so, probably, is the recovery.


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@VRWCTexan, 10/27/10 4:10 AM

Tom T. (@VRWCTexan)
10/27/10 4:10 AM
Nevada voting AUTOMATICALLY CHECKING Reid's name; voting machine techs are SEIU Members {DEMs CHEAT TO WIN} #tcot #gop

Tuesday, October 26, 2010

@Neil_Hamburger, 10/26/10 3:51 AM

Neil Hamburger (@Neil_Hamburger)
10/26/10 3:51 AM
I'm critical of the Pink Floyd policy of occupying FM radio RT @RogerWaters:I'm critical of the Israeli policy of occupying Palestinian land

@VRWCTexan, 10/26/10 7:29 AM

Tom T. (@VRWCTexan)
10/26/10 7:29 AM
Harris Poll: Obama Heads into Midterms with LOWEST Approval Rating of his Presidency = 37% {Epic Failure} #tcot #gop

@RedState, 10/26/10 6:40 AM

RedState (@RedState)
10/26/10 6:40 AM
The $3 Trillion Shakedown: The Democrat-Government Union Ponzi Scheme #TCOT #RS

Monday, October 25, 2010

@WilliamJBennett, 10/25/10 11:09 AM

Dr. Bill Bennett (@WilliamJBennett)
10/25/10 11:09 AM
Can't forget the truth going into midterms, "PUBLIC-Employees Union biggest election spender" #tcot #tp

@WilliamAManning, 10/25/10 9:59 AM

William Manning (@WilliamAManning)
10/25/10 9:59 AM
Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed, 'No New Deficit Spending' | @Talkmaster

@memeorandumFH, 10/25/10 8:38 AM

memeorandum Firehose (@memeorandumFH)
10/25/10 8:38 AM
Joe Manchin Won't Endorse Harry Reid for Leader, Obama for President (Patricia Murphy / Politics...

@JackieSeal, 10/25/10 8:18 AM

Jackie (@JackieSeal)
10/25/10 8:18 AM
Clinton came to MI to rally for Virg Bernero... Gym seated 2,000- only 500 people came. #Rick4MI #migop

Friday, October 22, 2010

Thanks To Obama And Health Care Reform, I'm No Longer Paying For My Employees' Insurance

@ConservativeSR, 10/22/10 7:20 AM

Conservative Senior (@ConservativeSR)
10/22/10 7:20 AM
"Low Tax, low spending, simple regulation" RT @Heritage Don't Mess With Texas; Learn From It - #conservative

@EddyElfenbein, 10/22/10 7:09 AM

Eddy Elfenbein (@EddyElfenbein)
10/22/10 7:09 AM
According to the MBA "a staggering 23% of Nevada mortgages are in some form of delinquency or foreclosure." Wow! $$

@JimPethokoukis, 10/22/10 6:56 AM

James Pethokoukis (@JimPethokoukis)
10/22/10 6:56 AM
Now pretty clear that the infrastructure and tax "cut" parts of the stimulus plan were poorly structured. But who's taking responsibility?

@ihatethemedia, 10/22/10 6:34 AM

I Hate The Media (@ihatethemedia)
10/22/10 6:34 AM
The Chicago Way: Schakowsky urges Democrats to trespass, intimidate and assault voters

@Mirac777, 10/22/10 6:26 AM

Daniel (@Mirac777)
10/22/10 6:26 AM
More wealth redistribution: shoddy work, fraudulent billing rampant in Chicago cash for caulkers prog. #Obama #tcot RT

@VRWCTexan, 10/22/10 6:24 AM

Tom T. (@VRWCTexan)
10/22/10 6:24 AM
Dr. Krauthammer: Obama diagnoses heretofore UNDISCOVERED Psychological Derangement "anxiety-induced Obama Under-appreciation Syndrome" #tcot

@ByronYork, 10/22/10 6:23 AM

Byron York (@ByronYork)
10/22/10 6:23 AM
After news of Google tax dodges, Obama raises money with Google execs.

@sweetnesslight, 10/22/10 6:05 AM

Sweetness & Light (@sweetnesslight)
10/22/10 6:05 AM
Reid 'Saved The World From Depression'

@thedailybeast, 10/22/10 5:30 AM

The Daily Beast (@thedailybeast)
10/22/10 5:30 AM
.@NPR Juan Williams firing backfired, handing Fox a victory and making Williams a symbol of liberal intolerance.