Washington Post Softens Criminal Actions of Dem. Corzine in MF Global Fraud

-By Warner Todd Huston

In its November 15 print version, The Washington Post published a story about the criminal financial malfeasance of former Democrat Governor and MF Global Chief John Corzine. But, the Post seemed to have trouble properly identifying Corzine as a Democrat not to mention that it buried the story deep in the paper.

Corzine was the subject of a report this week issued by the House Financial Services’s oversight subcommittee that, while it stopped short of calling Corzine’s actions outright felonies (the committee is leaving that determination to prosecutors), the report raised deep concerns about the magical disappearance of $1.6 billion in investor’s money.

If Corzine were a Republican, who doesn’t believe that The Washington Post would have made sure that the story of the release of this report would have been front-page news? But, no, this story was buried back on page A18.
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Washington Post Softens Criminal Actions of Dem. Corzine in MF Global Fraud”


Obama’s Failed Recovery: This Graph Should Scare You

-By Warner Todd Huston

This is something one wishes the Washington Post bothered to tell us before the election, but, yes, the chart below proves that Obama has utterly failed to aid in our economic recovery.


Click on chart to see more

In other words, you’re not imagining it: This economic recovery has been a big disappointment relative to what the United States has usually experienced after a recession. Growth has been 9 percent below what was seen in past recoveries on average in its first three years. The CBO report tries to disentangle where that underperformance is coming from and its answer is deeply unsettling: The U.S. economy just isn’t as good at growing as it used to be…

Read the rest at the Washington Post’s Wonkblog.
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Obama’s Failed Recovery: This Graph Should Scare You”


NBC: Obama is ‘Genial’ Republicans Still Meanies

-By Warner Todd Huston

The Old Media has found its narrative for Obama’s first press conference since March and the first since his re-election and that narrative can be boiled down simply to this: Obama helpfully Reaching Out, Republicans still mean as snakes.

After the presser was through, several Old Media outlets — one being Reuters — set the tone with a positive spin for Obama and a negative one for Republicans. NBC also followed this Old Media template.

In the hours after the presser ended, NBC News filed a series of reports that portrayed Obama in a positive light. One report saw NBC White House correspondent Chuck Todd gushing over the President’s appearance.

“It was a loose, confident, and at times aggressive President Obama….He even extended an olive branch and encouraged growing common ground between the two parties….he was genial and even reflective,” Todd said on Wednesday’s Nightly News.

Naturally, Todd found that the only thing that sullied Obama’s wonderful presser was the “negative comments” by a coterie of Republican Senators that held their own press conference that same day announcing their desire to investigate the disastrous Benghazi incident and confirming their resistance to any thought that UN Ambassador Susan Rice might become our next Secretary of State.
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NBC: Obama is ‘Genial’ Republicans Still Meanies”


In Harsh Economy, Union Demands Put Crimp in Businesses Across the Country: Recent Stories Surrounding California Grocer

-By Warner Todd Huston

The biggest union news this month is the pending closing of the Hostess Brand snack cake corporation, a company that has been an American mainstay for decades with such products Wonder Bread and Hostess Twinkies. As with the Hostess case, unions repeatedly prove that they’d rather destroy a business with absurd demands and strikes than work with management to keep the company alive in these tough economic times.

Another Illustration of the continued and alarming trend of unions destroying the businesses they work for with absurd contract demands is going on in California, the state with the worst economy and one of the worst business climates in the country.

Recently Raley’s Family of Fine Stores, a north central California-based grocery chain, and the United Food and Commercial Workers (UFCW) reached an agreement over a strike that had workers walking the picket lines for nine weeks. Naturally, the company put a brave face on this agreement but both the strike and the agreement have put a strain on the company that can’t help it survive in this horrid economic climate.
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In Harsh Economy, Union Demands Put Crimp in Businesses Across the Country: Recent Stories Surrounding California Grocer”


Papa John’s Pizza to Cut Worker’s Hours Due to Obamacare

-By Warner Todd Huston

John Schnatter, CEO of the Papa John’s pizza chain, has announced that now that President Obama has been re-elected and it is obvious that Obamacare is here to stay, he will likely be forced to cut back worker’s hours because of the cost of the federal government’s take over of our national healthcare.

Provisions of Obamacare state that workers that work 30 hours a week or more will be automatically considered full time and must then be included in their company’s healthcare insurance program. Common practice currently maintains that the eligibility threshold for health insurance is a 40-hour work week, so this will cost businesses exponentially more for workers that work over 30 hours a week. The higher cost associated with this change is forcing many businesses, especially those in the food service industry, to consider limiting workers to less than 30 hours a week.

In essence, implementation of Obamacare will cut the weekly take home pay of millions of low wage workers by forcing companies to cut worker’s hours.
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Papa John’s Pizza to Cut Worker’s Hours Due to Obamacare”


CNBC: We’re Probably Headed to Another Recession… NOW They Tell Us?

-By Warner Todd Huston

Two days after the election, CNBC published a dour report on the economy. Shockingly, CNBC is predicting that the U.S. economy is likely headed for another recession.

CNBC so helpfully tells us that, now that the election is behind us, the light in our economic tunnel could be a “freight train.” Gee, it sure would have been nice to know that before the election, wouldn’t it?

Slowing corporate profits, the remnants of Superstorm Sandy and the ramifications of the “fiscal cliff” in Washington are expected to result in at least two quarters of slow or no growth that could make investing even trickier than it was during the ups and downs of 2012.

But that isn’t all. The bigger problem we are now told, is that the economy never achieved “escape velocity” in order to get past the low growth rate we have been experiencing.

The economy, CNBC says, never got to the point where we’ve had enough growth to withstand the sort of shocks that a Hurricane Sandy or a continued or renewed bad business climate would wreck upon it.

Obama didn’t fix a thing, it turns out.
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CNBC: We’re Probably Headed to Another Recession… NOW They Tell Us?”


(VIDEO) Fiscal Cliff: Unless we Act, We Are About to See an American Collapse

What is the fiscal cliff? And how does the fiscal cliff affect you?

Warning: Illinois is America’s future unless there’s a dramatic turnaround. We now have Democratic super majorities in both houses and the Governor’s mansion. We are the worst state in the nation in unpaid pension debt with a recent 67 percent income tax hike.

Video courtesy of Turning Point USA.


Washington Post Jubilant at ‘Oct. Job Growth’ Then Says ‘Unemployment Rate Flat’

-By Warner Todd Huston

Just before Election Day, the Washington Post is super excited about all that “job growth” for October. Yet the paper goes on to note that the “unemployment rate is flat.” So, which is it, Washington Post? Are we to be jubilant that there was job growth in October, or is the unemployment rate flat?

Regardless, the Post tries to have it both ways as it gives Obama cover even as it ultimately notes that there really wasn’t much improvement in jobless figures for October. In fact, the Post almost admits that its report is intended to help Obama right in its first paragraph.

The U.S. jobs market in October sustained its slow trudge toward better times, the government reported on Friday, in the last major report card on the economy before the presidential election.

Ah, that “slow trudge toward better times.” But is it? Despite all the happy talk sprinkled through the article, the Post is forced to note that much of this “good news” is closer to treading water as opposed to any “slow trudge toward better times.”

For instance, the Post notes that the unemployment figures remained “essentially unchanged” and didn’t really get much better because more people are now putting themselves back in the job market. So, new jobs didn’t really keep pace with the number of job seekers.
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Washington Post Jubilant at ‘Oct. Job Growth’ Then Says ‘Unemployment Rate Flat’”


Yale University Economic Model Gives Election to Romney

-By Warner Todd Huston

Based on his economic election model, Yale University economist Ray Fair predicts that GOP nominee Mitt Romney will pull out a sparse victory in November.

Fair’s model successfully predicts the winners of every election but two since 1916. The two, the 1960 election of John Kennedy and the 1992 election of Bill Clinton, are the only ones his economics-based electoral prediction model gets wrong.

Fair uses several economic indicators in his model to determine winners. Those factors include the per capita growth rate of the gross domestic product, inflation, and the number of quarters that the GDP grew more than 3.2% during the incumbent’s term.

But even Fair’s model predicts a race that is within his margin of error. Obama could still pull this out despite an economy that argues against his re-election.
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Yale University Economic Model Gives Election to Romney”


Leaked DOE Emails Expose White House Cronyism

Internal emails leaked from the Department of Energy to CompleteColorado.com conflict with the President’s claim to Kyle Clark of KUSA on October 26th decisions on failed green energy loans were insulated from politics and the influence of the White House.


Looking Back: Jobs Down, Poverty Up Over Last Four Years‏

From the office of Rep. Peter Roskam (R, Illinois 6th District)…

This week, I’d like to share a chart with you that details the national decline in employment and prosperity the United States has experienced since 2008. In the last four years, the number of Americans out of work, living in poverty, and receiving food stamps has grown at an alarming rate.

The numbers are stark: the policies of the last four years have not worked, but the good news is this does not have to be the “new normal.” The House has passed multiple bills to create an environment where small businesses can grow and hire, and our economy can get back on track.


Click on image to see larger version

Chart from: U.S. House of Representatives Committee on Ways and Means

Sources: Department of Labor payroll and household surveys; Census Bureau poverty data; HHS TANFdata; Social Security Administration SSI/SSDI 2008 and 2012 data; and Department of Agriculture data. *CY 2008 average, unless otherwise noted. **Most recent available data.

http://roskam.house.gov/


VIDEO: FreePac Speech of Congressman Joe Walsh

-By Warner Todd Huston

On Friday, October 26, I attended Freepac, Chicago held at the Schaumburg Convention Center. The event, sponsored by Freedomworks, had many fine speakers including Judge Andrew Napolitano, former President of Poland Lech Walesa, John Fund, CL Bryant, Deneen Borelli, John Tillman, Congressman Joe Walsh, and Adam Andrzejewski, hosted by Freedmworks CEO Matt Kibbe.

Here is the video I took of 8th District Congressman Joe Walsh.

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VIDEO: FreePac Speech of Congressman Joe Walsh”


FactCheck.org: Obama’s False Jobs Creation Claims

-By Warner Todd Huston

President Obama has lately been touting the amazing claim that he’s created 5.2 million new jobs as President. His fantastic claim is featured in a new TV. But FactCheck.org says, not so fast. Those claims are “inflated,” to say the least.

FactCheck notes that the 5.2 million claim is accurate, such as it is. But what makes it “inflated” is that the jobs number refers only to jobs created after 2010 and does not include the 4.3 million that were lost earlier in Obama’s term.

Further, according to FactCheck, Obama’s number counts only private-sector jobs and does not include the “continuing losses” of jobs in the government sector as state and local jurisdictions find their budgets so over spent that pink slips have resulted.

FactCheck goes on to note that far from an actual gain of 5.2 million, once earlier losses are removed, Obama has in fact only realized some 967,000 jobs which includes a credit of 453,000 private-sector jobs which will be added through the Bureau of Labor Statistics (BLS) benchmarking process.
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FactCheck.org: Obama’s False Jobs Creation Claims”


New Mitt Romney TV Ad: ‘The Clear Path’

Donate, won’t you? http://www.mittromney.com

VIDEO TEXT: “Mitt Romney: The Two Paths”

MITT ROMNEY: “There are two very different paths the country can take. One is a path represented by the President, which, at the end of four years, would mean we’d have $20 trillion in debt, heading towards Greece. I’ll get us on track to a balanced budget. The President’s path will mean continuing declining in take-home pay. I want to make sure our take-home pay turns around and starts to grow. The President’s path means 20 million people out of work struggling for a good job. I’ll get people back to work with 12 million new jobs. I’m going to make sure that we get people off of food stamps not by cutting the program but by getting them good jobs. America’s going to come back. And for that to happen, we’re going to have to have a president who can work across the aisle.”

“There are two very different paths the country can take. One is a path represented by the President, which, at the end of four years, would mean we’d have $20 trillion in debt, heading towards Greece. I’ll get us on track to a balanced budget. The President’s path will mean continuing declining in take-home pay. I want to make sure our take-home pay turns around and starts to grow. The President’s path means 20 million people out of work struggling for a good job. I’ll get people back to work with 12 million new jobs. I’m going to make sure that we get people off of food stamps not by cutting the program but by getting them good jobs. America’s going to come back. And for that to happen, we’re going to have to have a president who can work across the aisle.” (Presidential Candidates Debate, Boca Raton, FL, 10/22/12)

VIDEO TEXT: “Mitt Romney: The Clear Path”

MITT ROMNEY: “I’ll work with you. I’ll lead you in an open and honest way. And I ask for your vote. I’d like to be the next President of the United States to support and help this great nation, and to make sure that we all together maintain America as the hope of the earth.”

“I’ll work with you. I’ll lead you in an open and honest way. And I ask for your vote. I’d like to be the next President of the United States to support and help this great nation, and to make sure that we all together maintain America as the hope of the earth.” (Presidential Candidates Debate, Boca Raton, FL, 10/22/12)

“I’m Mitt Romney, and I approved this message.”


Them Hispanics Are Gonna Take Us Over… Or Something

-By Warner Todd Huston

For the last 20 years or so, there have been a lot of white Americans expressing alarm at all the little brown babies rolling around our nation of immigrants. It has worried them for quite some time. The trope is that whites are afraid they’ll be hip deep in the mewling, dark-haired droolers and they fear that America will become a mere satellite of Mexico in no time because of it. I, for one, have never been that worried about it and today I just saw some numbers that seem to prove right my skepticism of the Know Nothings.

Before I get to the numbers, I have to say I’ve never been too overly worried about Hispanics destroying the USA. Of course, I am against illegal immigration as much as the next border fence-yearning conservative. We have laws for a reason, after all.

However, I’ve never, ever been one of those that want the brown folks to be excluded from our national experiment. The worry that many had is that all these Hispanics will come here bringing all their communist-loving, Democrat-voting ways and that English will disappear and our national identity will be destroyed.

It was never my experience that this must be so, however. It was my experience that, while first generation Hispanic immigrants might never acculturate, their kids don’t take much effort to become fully Americanized in short order. They like American music, they like American food, American entertainment… in short, they don’t retain much Hispanic-ness growing up here in the U.S. It was even my experience that a lot of them are none too happy to be forced by their parents to visit Mexico or points further south, either.

They are Americans They don’t feel like Mexicans (or what have you).
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Them Hispanics Are Gonna Take Us Over… Or Something”


Book: Top 10% in US Pay 45% of Federal Taxes, More Than European Counterparts

-By Warner Todd Huston

Why does anyone imagine that “the rich” don’t “pay their fair share” of federal taxes in the U.S.? Stephen Moore, sure doesn’t and he proves it in his new book, Who’s The Fairest of Them All: The Truth about Opportunity, Taxes and Wealth in America.

While doing research for his book, for instance, Moore discovered that a mere 10 percent of Americans pay nearly half the federal taxes in this country.

With this fact at hand, Moore elaborated further in a recent interview saying that there is “no case on economic grounds” to vote for President Barack Obama, a candidate whose main “solution” to our economic woes is to raise taxes only on the wealthy.
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Book: Top 10% in US Pay 45% of Federal Taxes, More Than European Counterparts”


Illinois’ Quinn Gets ‘F’ in U.S. Governors Fiscal Report Card

-By Warner Todd Huston

Illinois ranks at the bottom of the nation in nearly every single category of rankings of successful states and now the Land of Lincoln can rack up yet another great failure. Illinois’ Governor, Pat Quinn, has received the grade of “F” in a new “fiscal report card” of the 50 states’ fiscal health.

Congratulations once again, Illinois. Your almost unbroken record of failure goes practically unchallenged. You are pretty much the worst of the worst in all of the country.

Oh, happy days.

So, once again Illinois rates at the bottom of the pile with a governor that gets a well-deserved failing grade. This time joined Quinn is joined at the bottom by four other guvs. Chris Gregoire (Washington State), Neil Abercrombie (Hawaii), Mark Dayton (Minnesota), and Dan Malloy (Connecticut), each received the grade of “F” for their monumental failure as their state’s chief executive.
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Illinois’ Quinn Gets ‘F’ in U.S. Governors Fiscal Report Card”


Nearly Half of Washington State’s Jobs Are From China

-By Warner Todd Huston

A new study shows that nearly half of the jobs in Washington State’s economy are generated by Chinese imports and exports.

The study, sponsored by the Washington Council on International Trade and the Trade Development Alliance of Greater Seattle, found that 40 percent of the jobs in the Evergreen State are linked to the international trade industry and Washington’s many shipping ports and transportation hubs.

The report also finds that 1.1 million of Washington State’s 2.8 million jobs are directly involved in the international trade industry. State exports reached $64 million in 2011.
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Nearly Half of Washington State’s Jobs Are From China”


The Desolate Wasteland of Post-Apocalyptic Television

-By Warner Todd Huston

Many TV critics and commentators like to say that you can judge the way this nation is feeling about itself and its times by looking at the sort of shows that are playing on television. They say that our mood and our outlook about our present and our future can be understood through the collective programming on the TV.

Well, a look at some of the popular shows now playing or those about to debut on the boob tube might make you wonder if TV has noticed that the country ain’t feeling so great? In fact, it’s downright post-apocalyptic.

That’s right, we’ve gone from 2008 and hope-n-chngiesness to the depths of post-apocalyptic cynicism.
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The Desolate Wasteland of Post-Apocalyptic Television”


Crisis at the American Dinner Table‏

This mornings job numbers report is further proof that President Obama’s big-government agenda is failing Americans. This has been the most sluggish economic “recovery” in recent history. More Americans are unemployed under President Obama than there have been under the past 11 presidents combined. With a 7.8% unemployment rate, only 114,000 jobs were created in September. At this rate the Great Recession job gap won’t be closed until 2025. There are still over 12 million Americans unemployed today! With 4.8 million of those Americans having been unemployed for more than 27 weeks. For many, the American Dream is disappearing. Our economy is being stifled by the big spending and over-regulation of the Obama Administration’s policies.

All around the country, American families are suffering under policies that put the brakes on economic growth and leave millions jobless. Many American families are coming to grips with a crisis at the dinner table that is rarely expressed in statistics or campaign style rhetoric. That’s why AFP is launching a gripping new ad, called “The Dinner Table.”

If you are ready to fight back against Obama’s failing agenda and terrible economic policies, join Americans for Prosperity this Saturday for our 2nd National Prosperity Action Day. There will be 52 door-knocking events held in 16 states in an effort to educate American citizens on the failing economic policies Obama has implemented, and call on him to embrace policies that result in more economic freedom. This day of action will build on the incredible success of a similar event last week, when AFP activists made over 400 thousand calls at the 100+ phone bank locations using our state-of-the-art Freedom Phone technology. We hope you’ll join us for another great National Prosperity Action Day tomorrow!

Click here to find a National Prosperity Action Day event near you.


Fact Checking False Claim Obama Budget Plan ‘Reduces Deficit by $5.3 Trillion in a Decade’

-By Warner Todd Huston

New York Times reporter Jackie Calmes recently made the outlandish claim that the President’s budget will reduce the deficit by $5.3 trillion over a ten-year period. But a closer look at this claim proves that it just isn’t true.


Don’t look behind that curtain!

Firstly, Obama and his surrogates don’t even claim a savings of $5.3 trillion, so it is a mystery where Calmes got this number. At the late Democrat convention, for instance, Bill Clinton claimed that Obama’s plan would save $4 trillion, not $5.3. But even Clinton’s mythical savings was deemed untrue by the Washington Post’s fact checker.

Worse, all those supposed savings in the Obama proposal is from tax hikes, not any actual cuts in spending. On top of that, most of the supposed savings are mere accounting gimmicks, not true savings.
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Fact Checking False Claim Obama Budget Plan ‘Reduces Deficit by $5.3 Trillion in a Decade’”


If You Work for Government, You Deserve to be Fired

-By Warner Todd Huston

Yes, that title, If You Work for Government, You Deserve to be Fired, is meant literally. I really don’t care what you do for government I think you deserve to be fired.* In fact, I think that you need to be fired to save this republic. Not only do I want you fired, I want your pension negated. You don’t deserve one.

I’ll let that sink in a bit.

Of course, conservatives have the reputation of wanting to oust everyone in office and for wanting to “vote the scoundrels out.” But, I am not just wallowing in a trope, here. In fact, I’d like to add one more level to the throw-them-out-of-government concept. Let’s fire every government worker from the smallest village receptionist or sewer worker to the staffers of the highest Senator and every menial clerk and recalcitrant paper shuffler in between.

I am, here, indulging a little bombast, of course, but only a little. A very little.

It’s not just pique at the famous laziness of government workers I’m talking about. I’m also not only deploying that stereotype contending that the only reason government workers get their jobs is because they are pals with a politician — or another government worker, for that matter. It’s not just that they are better paid than just about any real American in the private sector — whether they deserve it or not — and it’s not because they are impossible to fire, nor is it because they get a better pension and health care than anyone who really contributes to society… well, OK, it is because of that stuff. All that stuff and more.
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If You Work for Government, You Deserve to be Fired”


Known Thug Alec Baldwin Claims U.S. ‘Will Never Be Great Again’ Under Romney

-By Warner Todd Huston

Alec Baldwin is warning the country. “America will never be great again under a Romney administration,” the volatile actor sonorously intoned in a recent, rambling Huffington Post screed.

If Mitt Romney is elected, Baldwin tells us, only “rich people” will find the country great. “Everyone else will be asked to dial down their [sic] expectations of what it means to be an American, again,” he warns.

It is clear that Mr. Baldwin isn’t paying attention to his fellow Americans because as a nation we are already lowering our expectations for the future. We are doing so right now, under Barack Obama.

Let’s see how Americans feel under Obama’s regime:
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Known Thug Alec Baldwin Claims U.S. ‘Will Never Be Great Again’ Under Romney”


Ill. Dem. Candidate Claiming to be a ‘Businessman,’ Reports no Earnings For Last 3 Years

-By Warner Todd Huston

Brad Schneider is running for Congress in Illinois against 10th District incumbent, Republican Robert Dold. Schnedier claims he’s a “businessman” and is running on the pretext that, according to his campaign literature, he’ll “bring his business expertise to Congress.” Yet, this “businessman” has reported no income at all for the last three years from the very small business he claims is his primary occupation.

How is it that one can claim to be an expert businessman yet have no income from his business? That is a question that at least one 10th District constituent wants answered.

In his literature, Schneider claims that he’s “worked with small business, helping them grow and succeed.” He’s also said, “I’m a business guy. I like using numbers to solve problems and help people.”

Consequently, in his disclosures, at appearances, and on questionnaire forms, Schneider lists Cadence Consulting Group, LLC as his primary occupation.

Yet, despite claiming that Cadence Consulting Group, LLC is his chief source of income, he’s reported no income at all from the company for the last three years.
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Ill. Dem. Candidate Claiming to be a ‘Businessman,’ Reports no Earnings For Last 3 Years”


Chevy Volt Battery Plant Floundering Despite $151 Million from Obama

-By Warner Todd Huston

Another in a long list of Obama-touted and tax-supported “green energy” companies is on the verge of going out of business, this time in Michigan.

Two years ago, President Obama visited the LG Chem battery plant in Holland, Michigan. Obama then hailed the plant saying, “You are leading the way in showing how manufacturing jobs are coming right back here to the United States of America.”

But today, those LG Chem jobs Obama claimed were “coming back” are seeing intermittent layoffs instead of growth.
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Chevy Volt Battery Plant Floundering Despite $151 Million from Obama”


Media Blasts Ryan, Acts as if AARP is Non-Partisan

-By Warner Todd Huston

Last week the media was all over Paul Ryan’s visit to an event with the American Association for Retired People gleefully reporting that he was booed. The media treated the whole affair as if the AARP was some non-partisan organization. But, the truth is, the AARP is no more non-partisan than any organization carrying water for the Obama administration.

Take The Hill, for instance. In its report the inside Washington newser noted that the boos Ryan received was “a clear sign of just how big a challenge Medicare poses to the Romney campaign.”

This characterization is absurd. It presents the AARP as a venue that might not boo any proposal of the reform of an over taxed government program! AARP is solidly on the side of big government – it was a leading proponent of Obamacare — and will brook no truck with anyone talking of reforming anything. Of course they’ll boo Paul Ryan.
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Media Blasts Ryan, Acts as if AARP is Non-Partisan”


One Down: Emory University to End Journalism Program

-By Warner Todd Huston

As more and more newspapers turn off their printing presses for good and more journalists are fired or laid off, expect to see more universities and colleges following Emory University’s lead by closing down journalism programs.

Claiming that the shuttering was, “designed to enhance areas of distinction, transform areas of excellence into areas of eminence, and allocate resources to invest in important new and emerging growth areas,” Emory abruptly announced the pending program changes last Friday.

Of course, some J-students are none too happy about the announcement and several got together to pen a complaint letter.
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One Down: Emory University to End Journalism Program”