Monday, June 06, 2011

Cruising the Web

Here's a frightening statistic: Half of the jobs from last month's meager employment numbers came from McDonald's hiring more people for the summer.

Naomi Schaefer Riley writes about the college bubble and asks a question that more people may soon be asking: what is a college education really worth?

More evidence that makes it more unlikely that Weiner's Twitter account was hacked and easy for the Capitol Police to quickly figure it all out. And Yfrog denies that their program was hacked to send the picture.

Liberal Washington state wants to block-grant Medicaid. Apparently, Rhode Island has had success with that approach. Kathleen Sebelius has to decide whether to grant federal permission for a waiver to have a block grant. Will ideology or effectiveness decide the issue? And if she does, how many states will follow suit?

The state of literature for young adult readers is dismal and coarse.

William Voegeli has a good formulation to describe the differences between how liberals and conservatives approach government spending.
My answer is that one way to describe the difference between liberals and conservatives is that liberals want government spending to be the independent variable that determines tax levels, and conservatives want government spending to be the dependent variable determined by taxes.
With the liberal formulation, government indulges in fantasy budgeting that way underestimates the costs of programs and then demands new taxes to cover their budgeting mistakes when the bill comes due.

The Syria government paid protesters who took place in riots along the Syria-Israel border. The going rate for their rent-a-demonstrator program is $1000 for showing up and $10,000 to their families if they get killed. Since the average monthly salary for Syrians is $200, it's no surprise that they could get a bunch of poor farmers to show up at the rally.

Senator Richard Lugar chides President Obama
for not making his case to Congress for the action of Libya and asking for a joint resolution with the force of law to support his actions. There would be a value to getting our nation's politicians to vote on the record instead of simply politicking before the cameras.

Blacks rally in Harlem to protest the NAACP's decision to throw their lot in with the teachers union instead of with poor black children.

David Skeel, a law professor at the University of Pennsylvania, analyzes
the real costs of the auto bailout. Of course, it is a very different story than the one the administration is peddling. And then there is the way that the government's actions have altered bankruptcy practice by sending the message that the government will step in to help in those industries that are deemed too big to fail. What bankruptcies in the future will the government be pressured to interfere in?

And Conn Carrol does the arithmetic on the cost of the Chrysler bailout. Guess what: the President is not telling the truth on his claims that Chrysler has repaid back "every dime and more of what it owes the American taxpayer."

My husband links to this story that GM dealerships are selling Chevy Volts to other dealers and then taking the $7500 tax credit. Hmmm - wasn't that tax credit supposed to be for consumers and not for Chevy dealers offloading new cars to then be resold? And is this how GM is gaming the numbers for the demand for the the Volt?

Michael Barone looks at the crazy numbers involved
in the administration's support of the high-speed rail project in California. No one seems to have a good idea about how much the project will cost or where the money is going to come from.