Congressional plans to fund a massive health-care overhaul could have a job-killing effect on New York, creating a tax rate of nearly 60 percent for the state’s top earners and possibly pressuring small-business owners to shed workers.
Domestic Policy
Global warming: Our best guess is likely wrong – Nature Geoscience
“In a nutshell, theoretical models cannot explain what we observe in the geological record,” said oceanographer Gerald Dickens, a co-author of the study and professor of Earth science at Rice University. “There appears to be something fundamentally wrong with the way temperature and carbon are linked in climate models.”
IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor’s Business Daily — It’s Not An Option
The healthcare (or lack thereof) must be defeated! Call your senators.
It didn’t take long to run into an “uh-oh” moment when reading the House’s “health care for all Americans” bill. Right there on Page 16 is a provision making individual private medical insurance illegal.
Democrats want to impose “surtax” to finance health care – WSJ.com
A new study by the Kaufman Foundation finds that small business entrepreneurs have led America out of its last seven post-World War II recessions. They also generate about two of every three new jobs during a recovery. The more the Obama Democrats reveal of their policies, the more it’s clear that they prize income redistribution above all else, including job creation and economic growth.
via Democrats want to impose “surtax” to finance health care – WSJ.com.
Average length of unemployment highest since 1948. – WSJ.com
The Bureau of Labor Statistics preliminary estimate for job losses for June is 467,000, which means 7.2 million people have lost their jobs since the start of the recession. The cumulative job losses over the last six months have been greater than for any other half year period since World War II, including the military demobilization after the war. The job losses are also now equal to the net job gains over the previous nine years, making this the only recession since the Great Depression to wipe out all job growth from the previous expansion.
via Average length of unemployment highest since 1948. – WSJ.com.
Momentum builds toward possible end of this U.S. agency
I think I’m in favor of this. Any reduction in the secrecy and power of the Fed is a good thing. Just not sure if it will expose just how many amateur academics are sitting on that committee and tank the dollar even more in that light. I’m ashamed of them. Really poor decisions by congress in the past.
In a recent Straight Talk commentary, Rep. Paul wrote, “Claims are made that auditing the Fed would compromise its independence. However, by independence, they really mean secrecy. The Fed clearly cherishes its vast power to create and spend trillions of dollars, diluting the value of every other dollar in circulation, making deals with other central banks, and bailing out cronies, all to the detriment of the taxpayer, and to the enrichment of themselves. I am happy to challenge this type of ‘independence.'”
via Momentum builds toward possible end of this U.S. agency.
Big Hollywood » The Wisdom of the White Male
Great article on what are currently the most under-appreciated group in the history of the United States.
In 2008, 95% of black voters voted for Obama. Imagine if white men truly were the racist, power clinging, exploiters that many would have you believe we are and voted the exact same way. Obama would have lost by a landslide. In fact, white men make up a larger voter block than all minorities combined. Yet, we don’t vote as a group. We have varied political views. White men will vote for and work towards policies that are directly counter-intuitive to their own financial and social standing, simply because they believe it is the right thing to do.
via Big Hollywood » Blog Archive » The Wisdom of the White Male.
Black-White Gap in Jobless Rate Widens in New York City – NYTimes.com
Economists said they were not certain why so many more blacks were losing their jobs in New York, especially when a large share of the layoffs in the city have been in fields where they are not well represented, like finance and professional services. But in those sectors, the economists suggested that blacks may have had less seniority when layoffs occurred. And black workers hold an outsize share of the jobs in retailing and other service industries that have been shrinking as consumers curtail their spending.
via Black-White Gap in Jobless Rate Widens in New York City – NYTimes.com.
Some simple math for Barry Little League, hurt the employers and buyers and you’ll always end up hurt the only citizens you care about, your voting handouts.
Low taxes for all is the only way, but leave alone learning in time, you’ll just never learn. 3.5 years to go before we can get some basic IQ back in office.
Billions in aid go to areas that backed Obama in ’08 – USATODAY.com
Disgusting.
Counties that supported Obama last year have reaped twice as much money per person from the administration’s $787 billion economic stimulus package as those that voted for his Republican rival, Sen. John McCain, a USA TODAY analysis of government disclosure and accounting records shows. That money includes aid to repair military bases, improve public housing and help students pay for college.
via Billions in aid go to areas that backed Obama in ’08 – USATODAY.com.