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Standard & Poor’s Warns Politics Could Delay Budget Deal, Downgrades U.S. Outlook to Negative

Standard & Poor’s Warns Politics Could Delay Budget Deal, Downgrades U.S. Outlook to Negative

Ratings Service Warns Politics Could Delay Budget Deal, Downgrades Outlook Published April 18, 2011 | As the White House and lawmakers call for renewed cooperation to tackle the deficit, a leading rating agency isn’t buying it. Standard & Poor’s Ratings Service warned Monday that politics may be getting in the way of a budget compromise, and — in an announcement which sent stocks tumbling — said it was lowering the outlook for U.S. sovereign debt to “Negative” … Read entire article »

Filed under: Government Waste, Oil-Gas Prices & Government Intervention, Politics, Problems of Big Government

Standard & Poors Rings The Reality Bell

Standard & Poors Rings The Reality Bell

Standard & Poors (S&P), the credit rating agency that started in business more than 150 years ago and operates in 23 countries, issued the ultimate in realty checks this week when they downgraded its credit outlook for the United States. S&P cited a “material risk” that policymakers may not reach agreement on a plan to trim the large federal budget deficit. While the agency maintained the country’s top AAA credit rating, it said “Authorities have … Read entire article »

Filed under: American Constitution, Government Waste, Politics, Problems of Big Government

Obama EPA Official Reduced to Stammering Mess

  By John Rossomando, Daily Caller The Obama administration has repeatedly said job creation is a top priority, but apparently the memo seems to have missed the bureaucrats at the Environmental Protection Agency (EPA). This became evident when EPA Assistant Administrator Mathy Stanislaus testified Thursday before an Environment and Energy subcommittee hearing that his agency does not take jobs into account when it issues new regulations. (adsbygoogle = window.adsbygoogle || []).push({}); “We have not directly taken a look at jobs in the proposal,” Stanislaus said, referring to a regulation that would govern industries that recycle coal ash and other fossil fuel byproducts. Coal ash is commonly used to make concrete stronger and longer lasting, make wallboard more durable and improve the quality of roofing shingles. Read more CompleteObama EPA Official Reduced to Stammering Mess … Read entire article »

Filed under: Government Waste

Taxes to Balance the Budget? Not Unless Rates Go Up 150 Percent, Study Says

A new Tax Day study showed that if Washington wanted to balance the budget using tax increases alone, rates would have to more than double across the board — including on the middle class — to keep up with federal spending. … Read entire article »

Filed under: Politics, Where is the Main Stream Media?

MSNBC nutter Lawrence O’Donnell: Americans Aren’t Rugged Individualists – They’re Socialists

Umm. No Larry. We aren’t socialists. You may want to play make believe and think America is socialist in your little progressive liberal fantasy land though. Progressives, Socialists, Marxists, whatever they call themselves just can’t give over their hatred of capitalism and a capitalistic society. They try so hard to push European style socialism and […] Read more CompleteMSNBC nutter Lawrence O’Donnell: Americans Aren’t Rugged Individualists – They’re Socialists … Read entire article »

Filed under: Bloated Labor Unions, Global Warming Hoax, Politics

The Ugliness of Pro-Labor Union Forces on Display in Wisconsin

From using Nazi references to adorning the American Flag with political bumper stickers and using it as a poncho, the full extremism of the left was on display in Madison, Wisconsin this weekend. Rejecting any attempts at conveying a ‘New Tone,’ pro-labor union activists attempt to drown out speakers at the tea party rally at the […] Read more CompleteThe Ugliness of Pro-Labor Union Forces on Display in Wisconsin … Read entire article »

Filed under: Politics

Krugman On Civility

He writes: So let’s not be civil. Instead, let’s have a frank discussion of our differences. In particular, if Democrats believe that Republicans are talking cruel nonsense, they should say so — and take their case to the voters. If only the McCain campaign had gotten the memo three years ago. Read more CompleteKrugman On Civility … Read entire article »

Filed under: Where is the Main Stream Media?

Conservatives Angry with Beck for Taking Content without Attribution

Via The Daily Caller: A number of conservative activists and bloggers say they’re furious at media magnate Glenn Beck for what they call content theft. Over the past several years, Beck has relied on video, audio and written content from others to fill his radio and television shows, as well as his websites. Often he has credited his fellow conservatives for their work. Yet in many other instances say dozens of conservative journalists who spoke to The Daily Caller, he has not, often taking elaborate steps to cloak the origins of the material. Publisher Andrew Breitbart has seen a number of his stories surface on various Beck media properties over the past few years. While he describes himself as “grateful for the many times he has credited me and my sites,” Breitbart … Read entire article »

Filed under: Where is the Main Stream Media?

President Obama and the Open Mic

Here’s a little insight into the mind of our President thanks to an open mic at one of his big fundraisers last night. When you hear the Paul Ryan comments, keep in mind President Obama has yet to meet with Ryan to discuss the budget, meaning the President has had more face-time with that Cambridge cop than he has with the de-facto Republican leader on budgetary matters: Read more CompletePresident Obama and the Open Mic … Read entire article »

Filed under: Where is the Main Stream Media?

Trump On Obama's Books

The Donald thinks that his first was ghostwritten, and the second was uh, less than brilliant. From a Tea Party speech this weekend, via CNN: As he touted his business bona fides, Trump mentioned how his wife urged him against being “conceited.” And while claiming there were huge writing differences between Obama’s first book, “Dreams From My Father”, and the second, “The Audacity of Hope,” Trump used profanity to say they could not have both been written by Obama. “The man that wrote the second book … didn’t write the first book,” Trump said. “The difference was like chicken salad and chicken (expletive).” Read more CompleteTrump On Obama's Books … Read entire article »

Filed under: Where is the Main Stream Media?

Democrats Obliviously Laugh About Romneycare's Unpopularity

Methinks the Democrats are losing sight of the big picture here: Democrats in at least three states are marking the fifth anniversary on Tuesday of the health care reforms Republican Mitt Romney helped pass when he was governor of Massachusetts. The events were designed to remind voters of Romney’s role in what is seen as the prototype for President Barack Obama’s health policy — a day after Romney announced he was forming an exploratory committee for a 2012 presidential run. The unpopularity of the individual mandate, and the similarities between the plans dubbed “Romneycare” and “Obamacare,” are indeed serious problems for the campaign of Mitt Romney. It’s also a big problem for President Obama. Reuters writes, “At the same time, studies show ‘Romneycare,’ reviled by most Republicans in Congress, has met many of … Read entire article »

Filed under: Political Campaigning

Be Cheerful; 2012 Will Not Be a Rerun of 2008.

Jonah addresses the conventional wisdom that Obama is likely to win reelection in 2012. I’m manic-depressive about the GOP’s chances in 2012. One day I can come up with some really strong arguments for why Obama looks more like toast than Elvis Patterson; the next day it feels like the wind is at his back and he just has to avoid disasters. Since much of my audience yearns for optimism, and shudders when they hear it from conservative commentators, some quick reasons to bet against Obama again: The Economy: Often you’ll see people point to the unemployment rate. Barring some sudden, steep drop in the unemployment rate, the Republican nominee will be able to say that the unemployment rate for every month of the Obama presidency has been higher than every month of … Read entire article »

Filed under: Political Campaigning

Herb Kohl Apparently Didn't Feel Like Fundraising Last Quarter

Speaking of those potentially competitive Senate races, a shocking financial figure via Baseball Crank… During a three-month stretch in which his home state of Wisconsin was Ground Zero of the national political conversation – with emotions running high over Scott Walker’s battle with the unions, with progressive and union activists pouring money into a previously sleepy judicial election, while on the GOP side Paul Ryan increasing elevated himself to a national figure setting a budget agenda the President is merely following – Senator [Herb] Kohl didn’t report receiving a single political donation. Not a penny, not a dime, not a pfennig. Nobody in the entire state looked at this landscape and thought, “hey, I should show my support to an incumbent Democratic Senator up for re-election next year.” One has to assume … Read entire article »

Filed under: Political Campaigning

Don't Click on the Links In the Jolt!

Well, here’s an awful start to Monday morning: apparently the links in today’s Jolt are sending people to porn sites. The version I sent along to the editors seems fine (you can see a portion in the preview post here) so there must be some issue with the link-shortener used in the editing process. (Without the link-shortener, in some e-mail programs every link URL is listed within the text and makes the Jolt hard to read with an iPhone or Blackberry or other mobile device.) While I’m not a tech guy, I suspect somebody messed with the URL shortener so that it redirects to the bad sites. The Powers That Be have been notified. A version with safe links should be coming to your e-mailboxes shortly. Read more CompleteDon't Click on … Read entire article »

Filed under: Political Campaigning

Any Real 'Adult in the Room' Doesn't Demand That Title.

In Mike Allen’s morning newsletter, we read: Huge three days ahead, with the sharpest intersection of high-stakes politics and government since the midterms: President Obama’s 1:35 p.m. address on his long-term plan for deficits will be covered as the first speech of the 2012 campaign. Team Obama wants the American public to see the president as “the adult in the room,” and views this is a chance for POTUS to steal beyond-the-Beltway momentum from House Republicans. 1. I’m pleased to hear it, but do you remember reading anything recently in the mainstream media about House Republicans having “beyond-the-Beltway momentum”? We heard a great deal of credit to Paul Ryan for having a serious and detailed plan. But somehow, we never hear much about Republican advantages or momentum until the narrative is that … Read entire article »

Filed under: Political Campaigning

Gloucester Times: Why Not Eliminate Our Congressman Through Redistricting?

With the new census numbers, Massachusetts’s congressional delegation is shrinking from ten to nine. One of the ten Democratic incumbents will be the odd man out; the Gloucester Times rallies to the cause of their congressman, John Tierney… well, not really: None of this, of course, even touches on Tierney’s lack of respect for anyone who dared question his statements regarding his wife, Patrice’s, indictment last year on tax charges over her handling of her brother’s off-shore Internet gaming schemes. None of it touches on questions that still linger over his vote against a bill that put new clamps on off-shore gaming payments — and his dismissal of whether that constituted a conflict of interest. Yet, none of these recent developments restore any sense of confidence that Tierney understands or appreciates what people … Read entire article »

Filed under: Political Campaigning

Fundraising Dinner Honoring Justice Stevens

In my series (Parts 1, 2, and 3) a few weeks ago and my recent posts on Justice O’Connor, I’ve contrasted the Left’s feeble ethics charges against conservative justices with conduct by liberal justices that the Left has been happy to ignore. Here’s another stark example: The Equal Justice Initiative—which describes itself as “a private, nonprofit organization that provides legal representation to indigent defendants and prisoners who have been denied fair and just treatment in the legal system”—will be holding its “2011 Benefit Dinner” on May 2 in New York City. According to a copy of the invitation I’ve received (update: here’s the invitation), that dinner will be “honoring Justice John Paul Stevens[,] United States Supreme Court.” You can be a “Platinum Sponsor” by making a “$25,000 Contribution,” a “Gold Sponsor” … Read entire article »

Filed under: From the Bench

Bradley Smith, Case Western, and a Heap of Ironies

Inside Higher Ed reports that Bradley A. Smith–familiar to NRO readers as a tireless advocate of the freedom of political speech in the face of such abominations as McCain-Feingold–is being targeted by an anonymous gang of opponents to his candidacy for the deanship of the law school at Case Western Reserve University.  Smith, now a professor at Capital University law school (also in Ohio), is a former Federal Election Commission chairman and author of Unfree Speech: The Folly of Campaign Finance Reform (published by that scarcely-known, fly-by-night outfit, Princeton University Press).  His views have been partially vindicated in such landmarks as the 2010 ruling of the Supreme Court in Citizens United v. FEC.  Ah, but to his anonymous opponents at Case Against Smith, he is (you guessed it) an “extremist”! Our … Read entire article »

Filed under: From the Bench

Re: My House Testimony on Defending DOMA

Here’s a video webcast of this morning’s hearing at which I testified. I believe that it runs not much more than an hour. Unfortunately, evidently as a result of some unrelated internal strife in the Republican caucus, subcommittee chairman Trent Franks was the only Republican to show up to ask questions. That meant that there was a lot said by the committee Democrats (all of whom were present) and their witness that I didn’t have much of an opportunity to respond to. But Rep. Conyers was kind enough to allow me a bit of back-and-forth. … Read entire article »

Filed under: From the Bench

This Day in Liberal Judicial Activism—April 13

2001—Judge Rosemary Barkett issues a solo dissent from the Eleventh Circuit’s denial of rehearing en banc of a panel decision in Chandler v. Siegelman.  The panel, setting forth the complementary principles that public schools may neither sponsor nor censor student prayer, overturned a district court injunction barring a school from (as the panel put it) “‘permitting’ students to speak religiously in any sort of public context.”  Barkett asserts that the district court injunction properly barred “public student prayer”. … Read entire article »

Filed under: From the Bench