Archive for June 8th, 2009

June 8, 2009

Two on the POTUS

by Smitty

Bill Whittle takes the Maureen Dowd “Spock” piece out into orbit for a while. Very, very nicely done. The editorial ran about a month ago, which is roughly a decade on the tubey-clouds, but the production values tell you two things:

  • PJTV is as serious as lung cancer about what it’s doing
  • Whittle is an excellent writer/performer/talking head

Now, quite screwing around and put that on YouTube so it can go viral!
In related POTUS news (h/t Insty), Snopes confirms that a letter from a retired CEO expressing dismay about BHO’s opacity is both devastating and genuine.

June 8, 2009

A. Because I suck, that’s why

Q. Why is The Other McCain not on Wikio’s listing of “Top 100 Political Blogs”?

UPDATE 6/10: John Hawkins’ list of “Thirty Best Conservative Columnists for 2009” confirms the infinite vastness of my suckitude.

UPDATE II: Suckitude illustrated. Suckitude explained. (Although, of course, mere words can never suffice to explain how much I suck.)

June 8, 2009

Obama the Job-Saver

Are you getting sick of this yet?

President Barack Obama said on Monday accelerated stimulus spending would create or save 600,000 jobs over the next 100 days, pledging action to slow the growth of unemployment that has reached a 25-year high.
“We’ve got a long way to go, but I feel like we’ve made great progress,” Obama said at a White House meeting with Vice President Joe Biden and cabinet officials aimed at highlighting gains made since Congress passed the massive stimulus package in February. . . .

(Via Memeorandum.) The White House press corps stenography pool doesn’t seem to be asking any of the important questions about the Obamanomics agenda. Monique Stuart asks a good question.

June 8, 2009

Hate-F***Gate Update: AOL firesblogger who criticized Playboy

Moe Lane at Red State has the lowdown (preceded by a TMI disclaimer), linking Stephen Gulowski at Newsbusters:

AOL News has taken some drastic steps to censor any mention, let alone criticism, of Playboy’s screed. They have deleted posts about the article, banned contributors from mentioning it, and even fired one of their liberal writers over it. . . .
The evidence is stacking up quite high that AOL News fired liberal writer Tommy Christopher today due to his repeated attempts to get coverage of the Playboy attack list on AOL’s Politics Daily. Christopher had first attempted to post this criticism of Playboy’s sick list the day it was published on their website. However, he was surprised to find that shortly after putting his article on Politics Daily it was deleted by an editor. . . .

(Hat-tip: That’s not (merely) plugola, by the way, it’s just a fact. The continually updated sidebars at NTCNews are very helpful in spotting hot memes developing.

UPDATE: Tommy Christopher writes:

I’m very touched by the outpouring of support, and encourage further garment-rending on my behalf.

Tommy’s asking people to hit his tip jar, and you certainly should — after you hit my tip jar first.

Reckon this is as good a place as any to explain that I don’t believe in “worker’s rights.” That is to say, I believe that employment is a voluntary fee-for-service agreement between the worker and his employer. If I, as a worker, reserve the right to say, “I quit,” then the employer certain has the right to say, “You’re fired.” And neither of us ought to be suing the other over the decision to terminate that fee-for-service aggreement, otherwise it ceases to be voluntary and my job becomes an entitlement.

June 8, 2009

Economy: Up, Down or Sideways?

Just got back this morning from Atlanta, where the economy sucks. The ripple effects of the housing meltdown are being felt especially hard in my hometown, which is national headquarters for Home Depot, a regional hub of banking and transportation, and site of a large number of undeveloped developments.

When I got back, my first task was to prepare the Monday morning business report for Mixed signals from the markets, but there was this weird New York Times story about “underlying tensions” among Obama’s economic advisers:

By all accounts, much of the tension derives from the president’s choice of the brilliant but sometimes supercilious Mr. Summers to be the director of the National Economic Council, making him the policy impresario of the team. The widespread assumption, from Washington to Wall Street, was that the job would be Mr. Summers’s way station until the president could name him chairman of the Federal Reserve when Ben S. Bernanke’s term expires early next year.
But Mr. Bernanke’s aggressive response to the crisis has so improved his reputation that people close to Mr. Obama increasingly suggest the president could well reappoint him in the interests of financial stability — just as Presidents Ronald Reagan and Bill Clinton retained Fed chiefs who had been picked by predecessors of the other party.
As for Mr. Summers, even as top administration officials acknowledge the occasional strains among economic advisers, they say the president is thrilled with the job Mr. Summers is doing in his current post.

Read the whole thing. Basically, it’s a round-robin of anonymous leakers trying to get rid of Larry Summers. And I’m appalled that Bernanke’s stock has actually risen in the past four months. I didn’t like Bernanke when he was Bush’s Fed chairman, and nothing he’s done during Obama’s tenure has improved my opinion of him.

That the anti-Summers cabal is praising Bernanke for being “aggressive” reminds me of my private-sector economist buddy who, two weeks ago, shook his head and said, “They’re trying to re-inflate the bubble!”

It appears to me that Team Obama (which includes the MSM) is playing an expectations game with the economy, trying to convince us that a recovery is underway. Unemployment is nearing double digits, the bond market is signaling higher interest rates, and given what I saw during my Atlanta trip, I’m deeply skeptical about the near-term economic prospects.

However, those are merely my opinions, and the numbers are whatever the numbers are. The Nikei was up this morning, which usually signals a good day for U.S. stocks, so don’t let my gloom spoil your day. Maybe I’m just suffering the opposite of “irrational exuberance.”

UPDATE: Charles Lemos at MyDD says Summers ” is viewed with suspicion on the progressive left” and describes him as “a right-of-center economist,” which is to say he’s not Paul Krugman or Robert Reich. Exactly what does an economist have to do before he’s not “viewed with suspicion on the progressive left”? Maybe if Larry Summers decapitated a few bankers on YouTube . . .

UPDATE II: Jehuda says:

Looks like the Left is going to need a bigger Sorosphere.


June 8, 2009

Gotta correct Vodkapundit’s drunken math

by Smitty

Vodkapundit uses some Drudgereport links as a launch pad for discussing BHO economic policy, emphasis mine:

Some of us have been warning you about this since before Obama was even sworn in. Look, stimulus spending can’t work, because of one of three things happens:

  1. That extra spending means extra taxes which means the whole thing is a wash. (Government spending having some “multiplier” effect unknown to consumer or business spending is a big, fat lie.)
  2. That extra spending means extra debt, which drives up interest rates, which chokes off growth.
  3. That extra spending means extra money being printed, which means inflation which means any growth is illusory.

It is not a “big, fat lie” in the slightest. You can easily have a coefficient that is < 1. Maybe in a government context, it would be better termed an “inefficient”, but that doesn’t negate its life, any more than lack of a birthday negates the life of an infant.
The Other McCain–keeping the math real since 31Feb08