Thought of the Day:
Hilda Solis is correct in saying that unemployment benefits put people to work: your kids will definitely be working in order to pay for them.
News of Note:
- Taxpayer-supported million dollar housing
- Russian protests: is this what democracy looks like?
- Post office to do a worse job in order to save money
- Coburn says Congress will increase deficit (because we know they won't cut spending)
- Typical liberal logic
- Occupy Wall Street protester now occupies a Wall Street job
Tonight's Crazy Story:
California Church Uses Baby Monitor to Nab Robbery Suspects
After suffering two break-ins, a California church used a well-placed baby monitor to detect when the burglars entered, and called the police to come and catch them.
The Final Five: Number 5
A Tale Of Two Economies In The Headlines
The Right Sphere shows bias in the news reporting of the latest unemployment report. "The reality is, the headlines that described the jobless rate in 2004, fit perfectly with the jobs report that came out on Friday. Only 120,000 jobs were created in the month of November. Granted, the October jobs report was revised upwards by 70,000 but that is still not anywhere close to the numbers needed for nearly a half point drop in the jobless rate. The real reason for the percentage drop was due to the number of people who gave up looking for work. Remember, the unemployment rate reflects the percentage of Americans who are actively seeking a job. When over 300,000 people give up looking for employment, that is reflected in the job numbers, hence the drop. But the mainstream media has largely ignored this fact. Thus the headlines we see above."
There's Always Time for a Laugh:
"Today is International Ninja Day, when people are encouraged to carry toy weapons and wear black masks. And as I found out the hard way, my bank wasn’t celebrating it."
-Jimmy Fallon, 12/5/11
The Final Five: Number 4
They Are Not the 99%
Robert Tracinski explains why the '99%' claim is wrong. "One of the great principles of the rise of political freedom and capitalism (the two are inseparable) is the maxim that the law is "no respecter of persons." This means that all cases are to be decided on the basis of the facts and the law, without regard for any party's social status. Just as the law is no respecter of persons, neither is a capitalist economy. And precisely because it is no respecter of persons, it is the best hope for the working class to rise."
Debt Watch:
On Monday, the government cut the debt by a total of $5,246,797,620.44, dropping the debt to a mere:
$15,068,133,903,969.13
The Final Five: Number 3
Vampire Government: How the Left is Sucking the Life out of the Private Economy
Steve McCann explains how our government is killing the economy. "The left will, besides denying any responsibility for this devastation to the American economy, claim that their policies have helped the poor and downtrodden. However, in 1965, the poverty rate in America was 15.4% (today it is 15.1%). Not only has the income of Americans stagnated, but the disparity has widened -- not because of the so-called greed of the rich, but because there is now minimal upward income mobility compared to the past, as high-paying jobs are no longer being created. The U.S. is not competitive in the world market, as the manufacturing sector has been forced to wither on the vine. And America has joined the list of countries facing insolvency due to out-of-control spending and borrowing. The solution offered by Obama and his fellow travelers on the left: not only more of the same, but an acceleration of the process, as they cannot get past their own narcissism and ignorance enough to ever admit failure. They would rather see the United States collapse and its people in poverty and despair as long as they are safely ensconced within the ruling class along with their crony capitalist and union allies."
Tweets of the Day:
Rep. Ben Quayle (@benquayle):
My daughter Evie is participating in #occupydc by occupying my office. http://ow.ly/i/mT2B
The Final Five: Number 2
One Executive Order That Could Stop ObamaCare
A much-debated topic recently centers around how much of ObamaCare can be stopped by executive order. The CATO Institute's Michael Cannon argues that there is one way a Republican president could force a change to the law, and this method is well within the executive's boundaries. "The next president could issue an executive order directing the IRS either not to offer premium assistance in federal Exchanges or to rescind this rule and draft a new one that does not. The U.S. Constitution demands that the president “take Care that the Laws be faithfully executed.” Such an executive order therefore lies clearly within the president’s constitutional powers: it would ensure the faithful execution of the laws by preventing the executive from usurping Congress’ legislative powers. While such an executive order would not repeal ObamaCare, as Jonathan Adler and I explain in this Wall Street Journal oped , it would “block much of ObamaCare’s spending and practically force Congress to reopen the law.”"
Food for Thought - A Quote from our Founders
"In reality there is perhaps no one of our natural Passions so hard to subdue as Pride. Disguise it, struggle with it, beat it down, stifle it, mortify it as much as one pleases, it is still alive, and will now and then peek out and show itself."
-Benjamin Franklin
The Final Five: Number 1
The Welfare State's Reckoning
Robert Samuelson argues that the crisis in Europe has less to do with the Euro and more to do with the welfare state. "The paradox is that the welfare state, designed to improve security and dampen social conflict, now looms as an engine for insecurity, conflict and disappointment. Facing the hard questions of finding a sustainable balance between individual protections and better economic growth, the Europeans have spent years dawdling. Theparallel with our situation is all too obvious."
Tomorrow in History
December 7, 1787
- Delaware becomes the first state to ratify the U.S. Constitution.
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