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The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Archive for January 26th, 2010

Elite Press Still Spinning Bad Economy for Obama – “Unexpected Growth in Job Loss” – Oh Really?

Posted by iusbvision on January 26, 2010

Black Friday, the biggest shopping day of the year, spending was down 8.6%, November retail sails fall, December home resales are down 17%, consumer spending is down again, ….

…so with numbers like that, would someone care to explain how a rise in unemployment can be described as “unexpected”?  This was the spin from much of the elite media to the newly released jobless numbers:

Labor Department Reports Unexpected Rise In New Jobless Claims

Unemployment figures for those newly seeking jobs continue to bounce around, as the latest Labor Department figures show an unexpected rise. While the trend has been downward, this week’s numbers rose unexpectedly to 482,000.

While many say the economy has exited recession, to those seeking jobs, the economy is still in bad shape. Layoffs have slowed, but new hires have not picked up at the pace that many would expect. The unemployment rate overall remains at 10 percent.

The Labor Department said Thursday that initial claims for unemployment insurance rose by 36,000. Wall Street economists surveyed by Thomson Reuters had expected a small drop.

Drops in consumer spending means more unemployment; or as a teenager might say, “No Duhhhh”.

If Bush were president would this be reported as “unexpected”, or would they list what I have and say “See….”?

This is another of the countless examples of a simple truth, most economists are good at applying flawed Keynesian theory, but do not genuinely understand economics, and most economists are either political “whores” or creatures of ideology, using their education to push a political agenda because they are paid to or because they have ideological and/or emotional hangups.

Partisan economist’s like Teresa Ghilarducci can write great papers on 401K reform and talk about how they need to have more diversity of investment to help prefund people’s retirement, and at the same time say that Social Security should not prefund people’s retirements at all as President Bush proposed. I am convinced if Obama had said the same thing Ghilarducci would be all for it.

Obama Chief Economist Christina Romer is a good economist, as some of her papers are required reading for many economics students, and now that she is in the White House she makes statements as if she had forgotten much of what she had written previously.

Some people claim that the NYT writer Paul Krugman is a good economist, yet I am amazed at the amount of basic economics he has to forget to write much of the nonsense he does every week.

UPDATE – Ed Morrissey at Hotair.com went back and looked up the “unexpectedly” use in the elite media and they apply it to almost every piece of economic bad news in recent months – LINK.

Posted in 2012, Chuck Norton, Economics 101, Journalism Is Dead, Obama and Congress Post Inaugration | Leave a Comment »

Democrats Party ID at Record Low

Posted by iusbvision on January 26, 2010

One of the key indicators, and perhaps the key indicator, of the political mood of voters is the party identification poll. This is the measure used often by political scientists who try to get to the real mood instead of making a poll to make news to be spun and consumed by the “masses”.

Rasmussen Poll:

In December, the number of Americans identifying themselves as Democrats fell to the lowest level recorded in more than seven years of monthly tracking by Rasmussen Reports.

Currently, 35.5% of American adults view themselves as Democrats. That’s down from 36.0 a month ago and from 37.8% in October. Prior to December, the lowest total ever recorded for Democrats was 35.9%, a figure that was reached twice in 2005. See the History of Party Trends from January 2004 to the present.

*Rasmussen Reports tracks this information based on telephone interviews with approximately 15,000 adults per month and has been doing so since November 2002. The margin of error for the full sample is less than one percentage point, with a 95% level of confidence.

Posted in 2012, Chuck Norton, Obama and Congress Post Inaugration | 1 Comment »

Columbia Journalism Review Abandons Journalism Standards

Posted by iusbvision on January 26, 2010

As we have reported before, Columbia Journalism Review might as well be an arm of the Democrat National Committee.

I get a copy of the review when it comes out and there is no attempt at objective journalism whatsoever; it is bold-faced partisan advocacy and today we have a new example. The CJR attacks ProPublica, a non-profit news service, for daring to report the wasteful spending of the Obama stimulus package.

CJR refers to ProPublica as “some obscure tea bagging organization”. CJR doesn’t tell you that the Tea Party movement is now the mainstream, as Tea Party candidates defeat Democrats and Republicans in generic polls. A recent Senate election on Massachusetts reminds us of this reality. So it has coem down to sexual based name calling.

Via the Instapundit Prof. Glenn Reynolds:

Columbia Journalism Review goes after a fellow non-profit news organization, ProPublica, for a ProPublica article on wasteful stimulus spending. Columbia Journalism Review criticizes ProPublica for using a quotation from a spokeswoman for Citizens Against Government Waste, which Columbia Journalism Review sneeringly and condescendingly and dismissively and, well, offensively, characterizes as “some obscure tea-bagging operation.” Citizens Against Government Waste has been around since 1984, and its 2007 IRS Form 990 indicates it had revenue and expenses of about $4.4 million, more if you include an affiliated 501(c)4 group. It claims “more than one million members and supporters.” Its directors as of the 2007 Form 990 included Vin Weber, who is a big deal. Its annual “pig book” report is widely covered. I’m on the CJR spam list, and it seems to me that the quality of work there has fallen notably over the past several years, while the CJR has grown progressively more politicized. That they’ve reached the point of attacking ProPublica — hardly a right-leaning organization itself — is indicative.  Posted at by Glenn Reynolds

 

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Chicago Tribune: White House pressuring Democrats not to appear on Fox News

Posted by iusbvision on January 26, 2010

Chicago Tribune:

At least one Democratic political strategist has gotten a blunt warning from the White House to never appear on Fox News Channel, an outlet that presidential aides have depicted as not so much a news-gathering operation as a political opponent bent on damaging the Obama administration.

Political consultants are a staple of cable television talk shows, analyzing current events based on their own experiences working on campaigns or in government.

One Democratic strategist said that shortly after an appearance on Fox he got a phone call from a White House official telling him not to be a guest on the show again. The call had an intimidating tone, he said.

The message was, “We better not see you on again,” said the strategist, who spoke on condition of anonymity so as not to run afoul of the White House. An implicit suggestion, he said, was that “clients might stop using you if you continue.”

In urging Democratic consultants to spurn Fox, White House officials might be trying to isolate the network and make it appear more partisan.

Posted in Campus Freedom, Indoctrination & Censorship, Chuck Norton, Government Gone Wild, Journalism Is Dead, Obama and Congress Post Inaugration | Leave a Comment »

Government Vaccine Estimates off by 77%.

Posted by iusbvision on January 26, 2010

And some of you want these people to run health care….

Posted in Chuck Norton, Health Law, Obama and Congress Post Inaugration | Leave a Comment »