Friday, October 14, 2011

Cruising the Web

Brian Boldoc at The Corner looks at the Time poll that purportedly showed that the Occupy Wall Street groups are more popular of the Tea Party. It's a classic case of how the framing of the question can skew poll results.

Here is the weakest reason yet to vote for Mitt Romney - he's been "pre-disastered."

Peter Wallison gives a very good, short explanation
of what led to the recession and how the democrats and the media have fed us a false story that ended up bringing us the Dodd-Frank Act that just exacerbated the same policies that led to the financial crisis in the first place.

Charles Hurt explains
why a black conservative will enrage Democrats more than any other sort of conservative. Andrea Tantaros has more on this subject. That's why Harry Belafonte, Cornel West, and Al Sharpton are out there calling Herman Cain's blackness into question because he refuses to play the victim card.

Charles Krauthammer examines the dangers of Obama's soak-the-rich rhetoric. His blame-others tactics haven't worked so he has to pretend that he could solve the nation's financial problems if we could only get "millionaires and billionaires" to pay "their fair share." It doesn't matter that his math is all off.
It’s crude. It’s Manichaean. And the left loves it. As a matter of math and logic, however, it’s ridiculous. Obama’s most coveted tax hike — an extra 3 to 4.6 percent for millionaires and billionaires (weirdly defined as individuals making more than $200,000) — would have reduced last year’s deficit (at the very most) from $1.29 trillion to $1.21 trillion. Nearly a rounding error. The oil-drilling breaks cover less than half a day’s federal spending. You could collect Obama’s favorite tax loophole — depreciation for corporate jets — for 100 years and it wouldn’t cover one month of Medicare, whose insolvency is a function of increased longevity, expensive new technology and wasteful defensive medicine caused by an insane malpractice system.

After three years, Obama’s self-proclaimed transformative social policies have yielded a desperately weak economy. What to do? Take the low road: Plutocrats are bleeding the country, and I shall rescue you from them.
But dishonest math is what big-government advocates depend on. That is what brought us Medicare in the first place. And it is especially appealing to the Occupy Wall Streeters whose one agenda item seems to be "Eat the rich."
And then what? Haven’t gotten that far.

No postprandial plans. But no matter. After all, this is not about programs or policies. This is about scapegoating, a failed administration trying to save itself by blaming our troubles — and its failures — on class enemies, turning general discontent into rage against a malign few.

From the Senate to the streets, it’s working. Obama is too intelligent not to know what he started. But so long as it gives him a shot at reelection, he shows no sign of caring.

And now panholders are getting snooty and echoing the President's rhetoric.

The WSJ reminds those protesting at Occupy Wall Street that the finance industry has shed many jobs in the past three years.
The question is, outrage at whom? On Wednesday, Occupy Wall Street marched on J.P. Morgan Chase's headquarters, after having protested outside CEO Jamie Dimon's home the previous day. That's odd, seeing that J.P. Morgan didn't take on excessive mortgage risk and didn't need (although it was forced to take) TARP money. The demonstrators also picketed the home of hedge fund mogul John Paulson, who made much of his recent fortune betting against the housing bubble, not helping to inflate it.

As for Wall Street itself, on Tuesday New York state Comptroller Thomas DiNapoli issued a report predicting that the financial industry will likely lose 10,000 jobs by the end of next year. That's on top of the 4,100 jobs lost since April, and the 22,000 since the beginning of 2008. Overall New York-area employment in finance and insurance has declined by 8.9% since late 2006. Even Goldman Sachs is planning layoffs.

So much for the cliche of Wall Street versus Main Street, the greedy 1% versus the hard-done-by 99%. That may be the core conviction of Occupy Wall Street and its fellow-travelers, and it may be a slogan in nearly every Democratic campaign next year, including President Obama's. Whether or not that's smart Democratic politics, the voters will decide.
Of course, the occupiers of Wall Street don't want to listen to counter-evidence about how Obama administration policies are closing plants and preventing jobs from being created through their over-regulation. They prefer simplistic slogans.

James Taranto chides Karen Tumulty and Charlie Rose's willingness to put people in jail who haven't been charged with a crime, much less tried and found guilty. But that's okay, they're bankers and Wall Street executives so they must be guilty of something, right?

Was Ron Paul wearing eyebrow toupees at the debate?

Scientists have finally figured out the DNA of the 14th century Black Death epidemic. The culprit was yersinia pestis, in case you were wondering.

CNN finds a video of a President Obama interview demonstrating that he knew about Fast and Furious months before Eric Holder said he learned about the program. Hmmm.

The President called Speaker John Boehner to congratulate him for passing the three trade agreements and Boehner set him straight about Obama's lies that the Republicans haven't put forth any jobs proposals. Then, to add insult to injury, Boehner's office released a transcript of the call.

Senate democrats have their eyes on our 401(k)s.

The Democrats must be worried about Mitt Romney since they're already targeting him with attacks that perhaps they're hoping the other Republicans will pick up on.

Chuck Schumer has a different view of the government than most people do.
A reporter asked Schumer why voters were supposed to blame Republicans for economic outcomes when Democrats control the White House and the Senate. “We don’t control the Senate,” Schumer shot back. “You write that and it’s false.”
If his point is that Democrats can't control the Senate because they don't have 60 votes, I doubt if he was so willing to grant Republicans that same dispensation when they controlled the Senate. And if the GOP would gain control in 2012, I somehow doubt that Chuck Schumer would agree that they didn't have control of the Senate if they had fewer than 60 votes.

Mike Lupica advises the OWS protesters to head over to the White House if they can find the President there instead of out fund-raising among all the fat cats that the protesters are angry about.

Kimberley Strassel reminds us
that the Republicans have their own problem with sending public funding towards the so-called green jobs.

Michelle Malkin reports on how much the Occupiers' are costing the cities in which they're protesting. And she points to this story about how a food festival that was going to collect food for the Boston Food Bank in Boston had to be canceled because of Occupy Boston.

Tom Maguire notes that Obama has higher standards for the Iranian leaders than he does for Eric Holder.

What do Harriet Miers and Rick Perry
have in common?

Hmmm did Herman Cain's 999 plan come from...Sim City?