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People who say it cannot be done should not interrupt those who are doing it. Welcome to From On High.

Friday, June 25, 2010

Maybe We Should Sell New York

Where's The Media?

I wonder what the mainstream press would be headlining if a Republican were in the White House right now instead of the Doofus-in-Chief:
Jobless claims still mainly staying the same
Ed Morrissey

After spending much of 2010 criticizing the media for misreporting unemployment figures, I feel the need to credit them for getting something right — even if the AP only gets it half-right, as they do today. The Department of Labor’s new figures on initial jobless claims show a reduction of 19,000 from the previous week, which had sharply spiked upward. However, even while promoting the decline as “the largest amount in two months,” the AP mainly focuses on the fact that nothing much has changed this year at all:

"Initial claims for jobless benefits fell by the largest amount in two months last week, but remain above levels consistent with healthy job growth.


"Despite the drop of 19,000, claims are at about the same level they were at the beginning of the year. The stubbornly high level of requests for jobless aid is a sign hiring remains weak even as the economy recovers.


"The Labor Department said Thursday that new claims dropped to a seasonally adjusted 457,000. That’s slightly below economists’ forecasts of 460,000, according to Thomson Reuters.


"First-time requests for unemployment insurance have been stuck at about 450,000 since the beginning of this year. New claims dropped steadily last year after reaching a peak of 651,000 in March 2009. Claims need to fall closer to 425,000 to signal sustained job growth, many economists say."

Actually, “many economists” put that level at 325,000 for sustained job growth past the addition of 100,000 new working-age Americans being added from population growth each month. Otherwise, they’re mainly correct about the stagnation in initial jobless claims this year. [link]
Reaction from the press?

Ho hum.

Headline Of The Day

This involves that IQ-challenged Georgia Democrat who was worried that the island of Guam might tip over and sink if it has too many people standing on it, so keep that in mind ...


So you know, the Disclose Act is the piece of legislation that exempts the NRA from punitive action that is soon to be leveled against every other champion of the Bill of Rights.

The Disclose Act passed the House yesterday.

Not their finest hour.

Where Were They When It Counted?

Another instance of buyer's remorse.  I'm getting really annoyed:
The Roundtable's Great Awakening
Big business discovers President Obama's 'hostile environment.'
Wall Street Journal editorial

Among the ironies of President Obama's style is that he regularly denounces big business even as big business has been one of his closest allies. But that may change, at least judging by the Business Roundtable's high-profile second thoughts on Tuesday.

"We see a host of laws, regulations and other policies being enacted that impose a government prescription of how individual industries ought to be structured," said Verizon CEO Ivan Seidenberg, also chairman of the Roundtable, the association of chief executives of the largest U.S. companies. In a remarkable speech at the Economic Club of Washington, he even added that this agenda is creating "an increasingly hostile environment for investment and job creation here in this country."

Over the last year under president John Castellani, the Roundtable has largely supported the White House-Democratic program of advancing the power of the state over business. BRT favored the stimulus, ObamaCare, cap and trade and other Washington Inc. programs. Mr. Seidenberg semi-recanted Tuesday, saying that "By reaching into virtually every sector of economic life, government is injecting uncertainty into the marketplace and making it harder to raise capital and create new businesses."

All's fair in love and lobbying, and many Roundtable members thought they could best advance their own business goals by cooperating with Capitol Hill. Some tried to buy political protection from this or that regulatory agency, others hoped that the fellow behind the tree would be taxed, not them. Still others were bluntly engaged in rent-seeking—ObamaCare dispensations for Pfizer, sweetheart cap-and-tax deals for Exelon, whatever General Electric is looking for this week, etc.

Yet this is a mug's game, and always has been. [link]
I wonder why the Journal changed that colloquialism from "this is a fool's game" to "this is a mug's game."  The original seems more fitting.

In any case, it's too late now ...

Backbone

Someone's gotta do it.


You go, girl.