Tuesday, June 26, 2012

Things are coming apart

What’s New Today 

Story #1 tells of a former CBS producer who is fed up trying to defend the liberal bias in the MSM.  #2 relates how frustrated the MSM is trying to trick Romney into going off message and not staying on the economy.  The economy is the loser for Obama so they don’t want Romney talking about it.  #3 has Jimmy Carter back in the news showing us all he wasn’t just a horrible president, but he’s also a horrible ex-president.  #4 is all about Obamanomics and how it’s fared.  #5 gives you a dictionary of what the Democrats actually mean when they say certain words.  

Today’s Thoughts

“We can be outspent and still win — but we can’t be outspent 10 to 1 and still win.”  Barack Obama in an urgent fund raising letter.  Love the exaggeration.

“They all pretend like they’re part of the 99 percent, but they’re not; they’re part of the 1 percent,” Adam Corolla said of Hollywood’s liberal elites. “They’re all incorporated, they all have tax attorneys, believe me.” 

1.  Liberal Media Bias

For former CBS producer Greg Kandra, the selective editing of a segment that was shown on Andrea Mitchell’s show on MSNBC of Mitt Romney’s remarks after going to a Wawa convenience store for the first time was the last straw. He is now “done” defending his former colleagues and denying the existence of liberal media bias.

Kandra, who is also a Catholic Deacon, took issue with Mitchell on his Deacons Bench blog to express his outrage:

I’m tired.  Truly. I’ve grown weary of trying to defend the indefensible and explain the inexplicable. For years, people have stomped their feet and pounded their fists and snorted “Liberal media bias!” and I’ve always tut-tutted and shooshed them and said, “No, no.  Calm down.  They meant well.  It was just a misunderstanding.  A mistake.  These things happen.”  I spent over 25 years working in the oft-reviled Mainstream Media and I saw up close and personal how the sausage was made. I knew the people who wielded the knives and wore the aprons, and could vouch (most of the time, anyway) for their good intentions.

But now?

Forget it. I’m done. You deserve what they’re saying about you. It’s earned. You have worked long and hard to merit the suspicion, acrimony, mistrust and revulsion that the media-buying public increasingly heaps upon you. You have successfully eroded any confidence, dispelled any trust, and driven your audience into the arms of the Internet and the blogosphere, where biases are affirmed and like-minded people can tell each other what they hold to be true, since nobody believes in objective reality any more. You have done a superlative job of diminishing what was once a great profession and undermining one of the vital underpinnings of democracy, a free press.

Good job.

I just have one question:

What the hell is wrong with you guys?


The press has earned the disdain and mistrust of the general public.  This is again a horrible reality for the Democratic Party.  They had the press in their back pocket, but now almost everyone knows it and they don’t believe them anymore. 

2.  MSM trying to trap Mitt Romney

…It's a trap. 

The media currently coordinating with the White House knows it's a trap. 

Thank God, though, Mitt Romney knows it's a trap and refuses to play.
As a result, the media's narrative focus has now laughably turned away from immigration policy and towards Romney refusing to talk about anything but the economy. 

This is a media narrative borne of desperation for two reasons:

1. Polls show that the last ten days have done nothing to move the needle in Obama's direction.
2. If the focus stays on the economy, Obama loses

Time's Michael Crowley bared all of the corrupt media's backside this morning with a high-profile feature titled: "One-Note Mitt: Is Romney Too Focused on the Economy?"…


Did the author mention it’s a trap?  Somehow I’m reminded of Uncle Remus and Baer Rabbit asking not to be thrown in the Briar Patch. 

3.  Jimmy Carter accuses Obama of Human Rights violations

A former U.S. president is accusing the current president of sanctioning the "widespread abuse of human rights" by authorizing drone strikes to kill suspected terrorists.

Jimmy Carter, America's 39 th president, denounced the Obama administration for "clearly violating" 10 of the 30 articles of the Universal Declaration of Human Rights, writing in a NY Times op-ed on Monday that the "United States is abandoning its role as the global champion of human rights."

"Instead of making the world safer, America's violation of international human rights abets our enemies and alienates our friends," Carter wrote.

While the total number of attacks from unmanned aircraft, or drones, and the resulting casualties are murky, the New America Foundation estimates that in Pakistan alone 265 drone strikes have been executed since January 2009 . Those strikes have killed at least 1,488 people, at least 1,343 of them considered militants, the foundation estimates based on news reports and other sources.

In addition to the drone strikes, Carter criticized the current president for keeping the Guantanamo Bay detention center open, where prisoners "have been tortured by waterboarding more than 100 times or intimidated with semiautomatic weapons, power drills or threats to sexually assault their mothers."…


Jimmy Carter was a horrible president and an even worse ex-president.  The man is a complete fool.

4.  Obamanomics:  the verdict

One of the consequences of all the stimulus and subsequent QE is that long time traders of our markets know they are screwed up. Consistent printing of money and 0% interest rates world wide have created their own economic imbalances. As the saying goes, there is no free lunch.

Economists such as Taylor, Cochrane, Zingales, Rajan and Murphy have said as much over the past four years. Turns out, they were right and the Keynesians are wrong.
The government stimulus had a multiplier effect of 0. It did nothing for job growth or GDP growth in the US. Combine the inefficiency of US fiscal policy with the continued implosion of Europe, and you have a world wide malaise. In China, because of macro economic effects, wages are rising, costs to produce are increasing. Companies are also wary of both the poor property rights system and the lengthened supply chain. China is slowing down.
The economies of the world aren’t going to contract because of government spending decreasing. They are going to contract because the continued machinations of the world’s central bankers have screwed up the costs of capital normally paid by the markets. The money that they have printed hasn’t gone into the productive marketplace. Instead, it went to shore up balance sheets and sits.
Money isn’t turning over. There is no velocity….


There’s a lot in this article that needs to be understood.  Keynesian economics doesn’t work and it never has.   

5.  Political Dictionary 

Since this is an election year, we can expect to hear a lot of words -- and the meaning of those words is not always clear. So it may be helpful to have a glossary of political terms.

One of the most versatile terms in the political vocabulary is "fairness." It has been used over a vast range of issues, from "fair trade" laws to the Fair Labor Standards Act. And recently we have heard that the rich don't pay their "fair share" of taxes.

Some of us may want to see a definition of what is "fair." But a concrete definition would destroy the versatility of the word, which is what makes it so useful politically.

If you said, for example, that 46.7 percent of their income -- or any other number -- is the "fair share" of their income that the rich should have to pay in taxes, then once they paid that amount, there would be no basis for politicians to come back to them for more -- and "more" is what "fair share" means in practice.

Life in general has never been even close to fair, so the pretense that the government can make it fair is a valuable and inexhaustible asset to politicians who want to expand government.

"Racism" is another term we can expect to hear a lot this election year, especially if the public opinion polls are going against President Barack Obama.

Former big-time TV journalist Sam Donaldson and current fledgling CNN host Don Lemon have already proclaimed racism to be the reason for criticisms of Obama, and we can expect more and more other talking heads to say the same thing as the election campaign goes on. The word "racism" is like ketchup. It can be put on practically anything -- and demanding evidence makes you a "racist."…

A good op-ed piece showing how the left likes to use and abuse language. 

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