Tag Archives: economics

Hannity always takes a knee for Twitler

From Newsweek:

President Donald Trump is embroiled in a long-running verbal spat with NFL players over their kneeling during the national anthem to protest social injustice toward African-Americans. He has taken objection to their perceived disparagement of the star-and-striped flag, the national anthem and the military.

But on Wednesday night, the president talked through the “Retreat” bugle, a military tradition that serves to honor soldiers and veterans.

The president was speaking to one of his strongest supporters in the American media, Fox News’ Sean Hannity, at the Air National Guard in Middletown, Pennsylvania.

a fine romance

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Slaves to Stupidity

From THE IOWA INDEPENDENT:

Former New Mexico Gov. Gary Johnson issued a formal campaign statement regarding a 2012 social pledge unveiled by Bob Vander Plaats, labeling it as “offensive to the principles of liberty and freedom on which this country was founded.”

From Johnson’s statement:

Government should not be involved in the bedrooms of consenting adults. I have always been a strong advocate of liberty and freedom from unnecessary government intervention into our lives. The freedoms that our forefathers fought for in this country are sacred and must be preserved. The Republican Party cannot be sidetracked into discussing these morally judgmental issues — such a discussion is simply wrongheaded.

 

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Gold (for those with no) Standards

From THINK PROGRESS:

Conservative lawmakers across the country seem determined to crucify mankind upon a cross of gold. In the past week, a string of articles have exposed how once-fringe conservative economic theories have migrated into the political mainstream — with alarming consequences.

Perhaps the most obvious example is the conservative gold craze, which is based on apocalyptic beliefs that the U.S. dollar is on the verge of collapse, runaway inflation is imminent, and gold is a more stable and reliable currency than paper money. The tough economic times have spurred many Tea Partiers in particular to rush to invest in gold, pushing its price to a record high. Glenn Beck and other talk show hosts frequently advertise gold on their shows — along with fallout shelters — “as a way to weather the end of the world as we know it.”  And presidential contender Ron Paul (R-TX), who was made chairman of the House committee overseeing federal monetary policy, has long advocated returning to the gold standard and abolishing the Federal Reserve.

This month Utah became the first state in the country to officially recognize gold and silver coins as legal currency:

Utah legislators want to see the dollar regain its former glory, back to the days when one could literally bank on it being “as good as gold.”

…snip…

The idea was spawned by Republican state Rep. Brad Galvez, who sponsored the bill largely to serve as a protest against Federal Reserve monetary policy. Galvez says Americans are losing faith in the dollar. If you’re mad about government debt, ditch the cash.

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How Kudlow Can You Get?

From VANITY FAIR:

In these tough economic times, isn’t it nice to know that calamitous natural disasters needn’t have an adverse affect on your investment portfolio? After the 8.9-magnitude earthquake in Japan failed to induce a market nosedive, CNBC’s Larry Kudlow expressed his relief in terms that seemed to appall even his fellow cheerleaders for capitalism: “The human toll here,” he declared, “looks to be much worse than the economic toll and we can be grateful for that.”

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Intelligence Deficit

From THINK PROGRESS:

Back in September, Gov. Rick Perry (R-TX) guessed that his state was facing a $10-11 billion budget shortfall for its fiscal 2012-2013 budget, and refused to entertain reports that his budget gap might be larger until he received the state Comptroller’s official report. He even poo-pooed pronouncements from his 2010 election opponent, Houston Mayor Bill White, that Texas’ deficit may be twice what he was estimating. “If [White] wants to be the budget forecaster for the state of Texas, that’s a different job,” Perry said. “It’s called the comptroller.”

Well, the Comptroller released its report today, and Perry had it wrong:

    Texas is expected to collect $72.2 billion in taxes, fees and other general revenue during the 2012-13 budget, down from the $87 billion used in the current two-year budget, Comptroller Susan Combs announced Monday. That puts the shortfall at $27 billion given that maintaining services would run $99 billion for biennium.


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Make Room for Randy!

From The Houston Chronicle:
WASHINGTON — For much of his 21 years in Congress, Rep. Ron Paul has been a party of one.

The Lake Jackson Republican’s libertarian sensibilities make him a cult figure to some and a painful thorn in the side to others, including members of his own party. In retaliation for prizing ideology over party, he often was passed over by the GOP hierarchy for plum posts.

Next year, however, looks different for the Paul family.

Rand Paul, one of five children of Ron and Carol Paul, will share his father’s Virginia condominium — after winning an election of his own. In addition to a change of clothing, he will bring a tea party agenda of deficit reduction and limited government that is remarkably similar to the ideas that Ron Paul has been espousing for decades.

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Glenn Beck University, Where Every Degree Is A BS Degree!

From POLITICAL HOTSHEET at CBS NEWS:

Conservative Fox News television host, author, and radio host Glenn Beck has started a university.

Sort of.

According to an announcement on Beck’s Web site, “Beck University is a unique academic experience bringing together experts in the fields of religion, American history and economics.” In July, August and September, interested parties can participate in “captivating lectures and interactive online discussions” in which “experts will explore the concepts of Faith, Hope and Charity and show you how they influence America’s past, her present and most importantly her future.”

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