Friday, October 24, 2014

The terrifying idea that the economy might stay stuck forever just got more terrifying - The Washington Post

The terrifying idea that the economy might stay stuck forever just got more terrifying - The Washington Post: "The U.S. economy has fallen, and it can't get up.

At least that's the way it seems. That's because our slump hasn't really ended, even though the Great Recession officially did more than five years ago. Growth has been low, unemployment is still high, and it'd be even more so if the labor force hadn't shrunk so much. And all this, remember, has happened despite interest rates being zero the whole time. It's the opposite of what we would have expected: big crashes are usually followed by big comebacks. So why has this time been different?

Well, it hasn't — not if you compare it to other recoveries from financial crises. These, as economists Carmen Reinhart and Ken Rogoff have shown, tend to be nasty, brutish, and long: it takes, on average, eight years just to make up lost ground. But even so, this doesn't fully explain the kind of persistent economic weakness we've seen here and most everywhere else. Look at Japan. Its own bubble burst in the 1990s, and since then even zero interest rates haven't been enough to save it from first one, and then two, lost decades. The same is happening to Europe today. Bad recoveries, it seems, have a way of turning into bad economies that never get better."

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HHS official to Congress: I’m totally in charge, but that doesn’t mean I can prioritize Ebola prep over puppet shows « Hot Air

HHS official to Congress: I’m totally in charge, but that doesn’t mean I can prioritize Ebola prep over puppet shows « Hot Air: "Harrington’s report came just as the NIH director was complaining that, “if we had not gone through our 10-year slide in research support, we probably would have had a vaccine in time for this.” Though reporting on the alleged “slide” proves that’s nonsense, it does seem worth asking the NIH, then, about how they prioritized their spending. The answer is they don’t. They don’t have to. And, that’s why giant government bureaucracies that can forcibly take their funding from future generations of voters with basically no function for demanding a return on that money aren’t really so great at figuring out what to cut and what to keep.

Further, the posture of Lurie in this exchange reveals, as it so often does, that government officials are surprised and slightly miffed at the notion that they should be asked to prioritize or justify their spending of other people’s hard-earned cash. Just like their “competence” in fighting Ebola, we should all take it for granted that their doing right by us and shut up about it because we’re not doctors. Jordan doesn’t, at which point we learn that, even though Lurie has asserted in front of Congress that she’s in charge of all the decisions, she actually shouldn’t be held responsible for any of the bad ones. She knows nothing of those."

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Video: The ultimate Debbie Wasserman Schultz clip « Hot Air

Video: The ultimate Debbie Wasserman Schultz clip « Hot Air: "I really did laugh out loud. My memory’s hazy on whether it was Dubya or Bill Clinton, but I remember reading years ago an account of a joint press conference held by the presidents of the United States and China. At one point, someone asked the Chinese leader a question he didn’t want to answer, so … he didn’t. He just paused silently after the question was finished and waited for a question more to his liking, which apparently was common practice in China. Debbie’s not quite at that point yet but she’s getting close: Lately, when asked an uncomfortable question about the relationship between Senate Democrats and The One, she opts to answer an imaginary question more to her liking instead. Three times in the span of 90 seconds here, Halperin and Heilemann ask her which competitive Senate races Obama is involved with. Three times, she answers the question as though they’d asked her about competitive races generally — gubernatorial, House, whatever. It’s like asking someone what their favorite type of doughnut is and having them answer, repeatedly, that Eggo is their waffle brand of choice. W-w-w-what?"

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Liberal Journalists Invent Fictional World to Attack Scott Walker - Conn Carroll

Liberal Journalists Invent Fictional World to Attack Scott Walker - Conn Carroll: "Yes, if you ignore reality and pretend that government unions are perfectly willing to just give their members' benefits away, then sure, Walker's Act 10 wasn't necessary.

But back here in the real world, government unions exist only to perpetuate themselves, and for no other reason. They are nothing but a drain on taxpayers, teachers, principals, local governments, and students. Weakening government unions was the wisest and most critical part of Walker's Act 10.

Oh, and by the way, back here in reality, the Wisconsin economy just created 8,400 private sector jobs in September, the highest monthly job gain in over a decade."

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All in: Democrats plan full-court press to defeat Walker « Hot Air

All in: Democrats plan full-court press to defeat Walker « Hot Air: "Part of the reason behind this disparity is that many of Walker’s ideological kin have been completely sidelined under penalty of law throughout this entire election cycle, thanks to the partisan ‘John Doe’ witch hunt, which has been thrown out of court by both a state and federal judge.  The 7th Circuit Court of Appeals recently ruled that it’s not the role of federal courts to interfere with a state investigation, however, dealing a blow to muzzled conservative organizations in Wisconsin, and to free speech itself.  The decision is being appealed to the Supreme Court.  In mid-October, one of the same lower court judges finally lifted the indefinite, Democratic prosecutor-imposed ban on issue-based ‘coordination’ between Walker’s campaign and right-leaning groups.  The Left has been happily coordinating away throughout 2014, of course, with labor unions spending big against Walker.  (Reminder: Liberals don’t oppose money in politics.  They oppose conservative money in politics).  And while we’re on the topic of insidious political collusion, read this.  Quite a coincidence, no?  On the Republican side of the ledger, Weekly Standard writers Stephen Hayes and John McCormack — both native Wisconsinites with deep ties to the Walker team — report anxiety in the ranks.  Some Republicans in the state are whispering about whether the Republican Governors Association has neglected Walker’s race, with some even suggesting that New Jersey Gov. Chris Christie has deliberately moved to tank a potential 2016 rival."

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Thursday, October 23, 2014

Gawker: 'Dishonest Fascists' of GamerGate Could Cost Us 'Millions'

Gawker: 'Dishonest Fascists' of GamerGate Could Cost Us 'Millions': "But in a sign that Gawker may be watching what its writers say more closely in future, editorial director Joel Johnson published a front-page statement on the site reiterating that Gawker does not condone bullying.
That will come as news to Gawker's many past victims, such as Pax Dickinson, ousted chief technology officer of Business Insider, about whom Gawker published scandalous claims without even contacting him, causing him to lose his job.
Dickinson yesterday published a thoughtful blog post about the policing of language online by Gawker, and their intolerance of anyone who does not pay obeisance to political correctness online.
The irony of Gawker's career-destroying, far-left authoritarians squealing about fascism and bullying will not be lost on observers. "I've been told that we've lost thousands of dollars already, and could potentially lose thousands more, if not millions," wrote Gawker's Read last night."

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Wednesday, October 22, 2014

When All You Have Is the Race Card . . . | National Review Online

When All You Have Is the Race Card . . . | National Review Online: "I certainly believe that some of the hype has been overdone. But you know what I think is primarily driving the fear of Ebola? It’s just a hunch, mind you. And, please, don’t hold me to this. But here’s my guess: It’s the horrifyingly lethal disease that kills most of its victims by liquidating their organs. Another major factor contributing to the climate of fear: The worry that the people who brought us the ObamaCare website are running the fight against Ebola as well. Fear of African immigrants is way, way, way down the list. If it’s on the list at all. 

Okay, call me crazy."

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