Saturday, September 17, 2011
ANOTHER GOVERNMENT-SPONSORED MONEY SINK - in Seattle, no less. Click through to the preliminary program agenda and ask yourself how many of the presenting organizations are feeding at the government trough.
OBAMA'S TWITTER DISASTER. AttackWatch.com has become an online bulletin board for jokes. One report: "There's a new Twitter account making President Obama look like a creepy, authoritarian nutjob: @AttackWatch."
Not to rub it in, but I told you so.
Not to rub it in, but I told you so.
24 HOURS OF BORE GORE: a summary of Al Gore's "24 hours of climate reality".
Thanks to PowerLine for the link.
Thanks to PowerLine for the link.
NYC MAYOR BLOOMBERG: You Have the Responsibility as an American to Make Obama Successful. And I take that responsibility seriously; I'm working to make Obama a successful ex-President.
LOOKING FOR LOVE in all the wrong places: "[I]t has come to this. 'The One' has gone from messiah to pleading like a teenage boy on a date. 'Come on, baby. If you love me, you'll do it.'"
More and more, Americans have fallen out of love with 'The One'.
More and more, Americans have fallen out of love with 'The One'.
THE PLANNING FALLACY: I learned early in my engineering career that it's sometimes better to let the fire burn itself out. Unfortunately, government never learns.
JOHN GALT HAS MYSTERIOUS WAYS:
Ninety years ago — in 1921 — federal income-tax policies reached an absurdity that many people today seem to want to repeat. Those who believe in high taxes on “the rich” got their way. The tax rate on people in the top income bracket was 73 percent in 1921. On the other hand, the rich also got their way: They didn’t actually pay those taxes.Still want to tax 'the rich'?
The number of people with taxable incomes of $300,000 a year or more — equivalent to far more than $1 million in today’s money — declined from over 1,000 people in 1916 to fewer than 300 in 1921. Were the rich all going broke?
It might look that way. More than four-fifths of the total taxable income earned by people making $300,000 a year and up vanished into thin air. So did the tax revenues that the government hoped to collect with high tax rates on the top incomes.
A GOOD DAY TO STAY INSIDE? Upper Atmosphere Research Satellite re-entry expected around September 24th: "NASA estimates the odds at 1 in 3,200 that someone somewhere on the planet could be struck..."
Will every radio station on Earth be issuing "falling satellite" advisories?
Will every radio station on Earth be issuing "falling satellite" advisories?
QUOTES OF THE DAY:
The Great Recession conveniently allowed the president to start the spendathon under the guise of economic stimulus. (‘You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things you think you could not do before.’ – White House Chief of Staff Rahm Emanuel, 2009). As it turns out, the $38.6 billion loan program for clean energy firms that Solyndra benefited from has created just 3,545 permanent new jobs after parceling out half its dough. That works out to around $5 million a job…Read it all.
That’s not how the private sector makes investment decision. But it’s routine for government where the stakeholders are politicians, bureaucrats, lobbyists and favored constituencies. The takers, not the makers. That’s whose side Obamanomics is on.
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