On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss Janet Yellen’s first trip to Capitol Hill as head of the Fed, the economist who predicted CBO’s Obamacare job loss numbers and if we are…
There’s an irony in the GOP complaining that ACA lets people quit jobs. I mean, what’s wrong with freedom?
– (HT: The Huffington Post)*
So what is wrong with freedom? I’m not sure. There hasn’t been too much of it running around loose lately. Most people who think otherwise haven’t gone through DCA around 1PM any time in the last 12 years. I kid. It’s a quote from the Huffpo. I had a hard time taking that rhetorical question above any more seriously than I’d take an old Andy Kaufman routine. The important question to ask would be this: “What in the name of Glorious and Sacred Obamacare has brought forth such a bilious wellspring of Progressive brain waste?”
This morning I caught an editorial from the New York Times which just blew my mind. In light of the news that the CBO has identified 2.5 million full time jobs that will go away as a result of Obamacare, the paper of record let everyone know that this is working as intended. The Congressional Budget Office estimated on Tuesday that the Affordable Care Act | Read More »
The December 2013 jobs report was about like the December 2013 weather. It was cloudy with a chance of Expletive. Depending on whose estimate you trust more, the models missed reality by 113 to 151 thousand. I’ll credit the BLS with not hiding the decline and admitting this one was a stinker. Contrary to expert opinion, I think it would have been a stinker regardless of what fell out of the sky. If the current set of conditions indicates recovery, God preserve me from an economic relapse. I’ll detail my reasoning below.
President Obama has been touting an improving economy, even as he pleads for more “emergency” jobless benefits.
Given the Obama administration’s latest claim that 2.1 million have signed up nationwide, that means as many as 700,000 Americans* might falsely believe they have a current health insurance policy.
Bad things happen to the leadership of large organizations who fail to control how money flows between the organization and its customers. Furthermore; bad things pretty much deserve to happen to people who fail to institute rigorous financial controls while running large organizations. The PC way of describing this would be an adverse professional outcome. Simple folk like little, ol’ moi’ refer to this as karma. In the pathetic case of our current HHS Secretary Kathleen Sibelius, karma should be what’s for breakfast – scattered, covered and chunked.
Today we found out that former Microsoft executive Kurt DelBene is the new man at the helm of government Titanic Healthcare. gov. And that’s just part of the picture. The president is meeting with all kinds of tech giants, including Apple, Google, and AT&T, trying to figure out some way, any way, to right the ship. We’ve had fun with Obamacare photoshops here at RedState | Read More »
Inequality sucks when you’re on the wrong side of the greater than symbol. I’ve been there before and can empathize. However, a government aimed at ending inequality is unpractical, immoral and an aberration against the laws of nature. This sort of government is impractical because you cannot make the lowest and least motivated get off their butt in a nation where slavery has been abolished. People will ultimately only rise as high as they are willing. This push to unconditionally end inequality is immoral because it rewards the slack and the expense of both the willing and the most capable. It punishes the continued exertion of both will and ability. It is unnatural because it believes that a world of totally equal and totally unmotivated people will magically generate the capital necessary to create jobs for all the new recipients of equality being born every day. This doesn’t happen – job creation is a function of capital accumulation. Therefore President Obama may mean well by ending inequality, but he isn’t even remotely oriented in the right direction to improve America’s economic future.
President Obama, under fire for the rocky debut of his signature health care program, shifted gears Wednesday to focus on the economy and reiterate his call for an increase in the minimum wage.