Commentary Magazine


Posts For: June 9, 2009

Flotsam and Jetsam

From the “politics is never dull” file: “Chaos reigned in the State Capitol Monday as Senate Republicans pulled off an unprecedented mid-session coup to gain control of the chamber.The GOP managed to flip two Democrats to their side, making one of them, Pedro Espada Jr. (D-Bronx), the temporary president of the chamber.”

The U.S. Supreme Court halts the Chrysler sale to Fiat. The Indiana funds will  have their day in court. “The Indiana funds have sought greater compensation for their portion of Chrysler’s $6.9 billion in secured debt. They have also argued that the Obama administration illegally used federal bailout money earmarked for financial institutions to help Chrysler.”

Now we’re in the “middle of a deep recession” Obama concedes. Weren’t the Obama advisors spinning a week or two ago that there was daylight in sight? Let’s get real: they don’t have a clue how long it will last and the stimulus isn’t helping. Meanwhile, they are thinking up a scheme for more taxes to pay for nationalized healthcare.

Brit Hume isn’t surprised the stimulus isn’t working since these sorts of schemes generally don’t spend the money fast enough to do any good. “Unfortunately for Mr. Obama, he and his team made some extravagant predictions about the effect of their stimulus spend-fest, claiming that it would keep the unemployment number from ever getting above 8%.”

The Obama team agrees: “For the first time, the administration admitted the economic forecasts it used to sell the stimulus were overly optimistic. ‘At the time, our forecast seemed reasonable,’ Vice President Joe Biden’s top economic adviser, Jared Bernstein, said Monday, explaining that the White House underestimated the scope of the recession. ‘Now, looking back, it was clearly too optimistic.’” So what did the $787B get us? Now they decide on “repackaging of promises and projects to blunt criticism that the effects haven’t been worth the historic price tag. And the job estimate is so murky, it can never be verified.” Got it?

This candidate is actually running in my very own Virginia House of Delegates Democratic primary: “A Muslim leader invited by Secretary of State Hillary Clinton to participate in a conference call after President Obama’s speech in Cairo last week once told a crowd that ‘the jihad way is the way to liberate your land.’ Esam Omeish, a surgeon and community leader who is running for Virginia state assemblyman, made the statements in 2000 at pro-Palestinian rally where he spoke out against Israel and urged Muslims to support the Palestinian liberation movement.”

Playing it for all it’s worth: “Former House Speaker Newt Gingrich’s camp said Monday allegations that Alaska GOP Gov. Sarah Palin plagiarized a column Gingrich co-authored four years ago are ‘just silly.’ ‘I’m thrilled if Sarah Palin used a Newt Gingrich idea from an op-ed, or speech, or column or whatever,’ Gingrich spokesman Rick Tyler told POLITICO. ‘[Gingrich’s] response to people repeating his ideas has always been good.’” Yeah, always thrilled when a potential rival not known for intellectual heft gets material from him and get’s caught doing it, I’m sure.

“Empathy” loses in a landslide: “Eighty-three percent (83%) of U.S. voters say America’s legal system should apply the law equally to all Americans rather than using the law to help those who have less power and influence. A new Rasmussen Reports national telephone survey shows that just 8% disagree.”

From the “politics is never dull” file: “Chaos reigned in the State Capitol Monday as Senate Republicans pulled off an unprecedented mid-session coup to gain control of the chamber.The GOP managed to flip two Democrats to their side, making one of them, Pedro Espada Jr. (D-Bronx), the temporary president of the chamber.”

The U.S. Supreme Court halts the Chrysler sale to Fiat. The Indiana funds will  have their day in court. “The Indiana funds have sought greater compensation for their portion of Chrysler’s $6.9 billion in secured debt. They have also argued that the Obama administration illegally used federal bailout money earmarked for financial institutions to help Chrysler.”

Now we’re in the “middle of a deep recession” Obama concedes. Weren’t the Obama advisors spinning a week or two ago that there was daylight in sight? Let’s get real: they don’t have a clue how long it will last and the stimulus isn’t helping. Meanwhile, they are thinking up a scheme for more taxes to pay for nationalized healthcare.

Brit Hume isn’t surprised the stimulus isn’t working since these sorts of schemes generally don’t spend the money fast enough to do any good. “Unfortunately for Mr. Obama, he and his team made some extravagant predictions about the effect of their stimulus spend-fest, claiming that it would keep the unemployment number from ever getting above 8%.”

The Obama team agrees: “For the first time, the administration admitted the economic forecasts it used to sell the stimulus were overly optimistic. ‘At the time, our forecast seemed reasonable,’ Vice President Joe Biden’s top economic adviser, Jared Bernstein, said Monday, explaining that the White House underestimated the scope of the recession. ‘Now, looking back, it was clearly too optimistic.’” So what did the $787B get us? Now they decide on “repackaging of promises and projects to blunt criticism that the effects haven’t been worth the historic price tag. And the job estimate is so murky, it can never be verified.” Got it?

This candidate is actually running in my very own Virginia House of Delegates Democratic primary: “A Muslim leader invited by Secretary of State Hillary Clinton to participate in a conference call after President Obama’s speech in Cairo last week once told a crowd that ‘the jihad way is the way to liberate your land.’ Esam Omeish, a surgeon and community leader who is running for Virginia state assemblyman, made the statements in 2000 at pro-Palestinian rally where he spoke out against Israel and urged Muslims to support the Palestinian liberation movement.”

Playing it for all it’s worth: “Former House Speaker Newt Gingrich’s camp said Monday allegations that Alaska GOP Gov. Sarah Palin plagiarized a column Gingrich co-authored four years ago are ‘just silly.’ ‘I’m thrilled if Sarah Palin used a Newt Gingrich idea from an op-ed, or speech, or column or whatever,’ Gingrich spokesman Rick Tyler told POLITICO. ‘[Gingrich’s] response to people repeating his ideas has always been good.’” Yeah, always thrilled when a potential rival not known for intellectual heft gets material from him and get’s caught doing it, I’m sure.

“Empathy” loses in a landslide: “Eighty-three percent (83%) of U.S. voters say America’s legal system should apply the law equally to all Americans rather than using the law to help those who have less power and influence. A new Rasmussen Reports national telephone survey shows that just 8% disagree.”

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