Archive for April, 2010

Death of the Newspaper Industry

April 30, 2010

It’s simple:
Biased Content = Less Interest/Appeal
Less Interest/Appeal = Loss in Subscriptions
Loss  in Subscriptions = Loss in Advertising Revenue
Loss in Advertising Revenue = Lower Profits
And Lower Profits, unfortunately = Layoffs

From Randall Hoven in the American Thinker:

AP Headline: Illegals Threaten to Leave AZ Over Immigration Law

April 30, 2010

You can’t make this stuff up.  From the AP:

Many of the cars that once stopped in the Home Depot parking lot to pick up day laborers to hang drywall or do landscaping now just drive on by. Arizona’s sweeping immigration bill allows police to arrest illegal immigrant day laborers seeking work on the street or anyone trying to hire them. It won’t take effect until summer but it is already having an effect on the state’s underground economy. 

“Nobody wants to pick us up,” Julio Loyola Diaz says in Spanish as he and dozens of other men wait under the shade of palo verde trees and lean against a low brick wall outside the east Phoenix home improvement store.

 Many day laborers like Diaz say they will leave Arizona because of the law, which also makes it a state crime to be in the U.S. illegally and directs police to question people about their immigration status if there is reason to suspect they are illegal immigrants.

Rubio’s New Ad on Crist’s Flip-Flop

April 30, 2010

“I’m running as a Republican”. 

Obama to Wall Street: “I do think at some point you’ve made enough money.”

April 29, 2010

Spoken like a true dictator.

AZ Governor gets Approval Bounce after Signing Immigration Bill

April 28, 2010

From Jim Hoft of Gateway Pundit:

Despite the rantings by Al Sharpton and Barack Obama, 70% of Arizona voters agree with new immigration legislation signed into law last Friday. 

And, Arizona Governor Jan Brewer enjoyed a nice bounce in her approval ratings this week after signing the immigration bill into law.

Last week, Arizona Governor Jan Brewer signed an immigration law that launched a national debate. It has also at least temporarily helped her own chances of remaining Arizona’s governor.

A new Rasmussen Reports telephone survey of likely voters in the state shows that 56% now approve of the way Brewer is performing her role as governor. Two weeks ago, just 40% offered their approval.

Rasmussen: Majority of AZ Latinos Support Immigration Bill

April 28, 2010

From Clarice Feldman in the American Thinker:

Hot Air reports that the majority of the Latinos in Arizona appear to support that state’s tough new immigration bill, according to the Rasmussen poll of that state:

Fully 70 percent overall support this part of the law, and given the fact that Latinos compose most of the “other” category, a majority of their demographic must be in favor too. A few caveats, though. One: Rasmussen polls likely voters, so this is obviously a sample of citizens. Other polls that use “adults” as their sample are bound to show sharply lower numbers since they’ll include some illegals too. Two: Notwithstanding the support for letting cops inquire, 53 percent overall say they’re either very or somewhat concerned that the law will lead to civil-rights violations. Among the “other” group, it’s 54 percent – but of that number, 40 percent say they’re very concerned and just 14 percent say somewhat. (Among all likely voters, that split is 23/30.) So yeah, it’s an issue, and if it starts happening, expect support to start crumbling.

Liberal Idiocy: Opponents of AZ Immigration bill boycott AriZona Iced Tea, which is made in… Brooklyn

April 28, 2010

The Liberal opponents of Arizona’s Immigration Bill have taken idiocy to a new level, though I’m sure by this time tomorrow they’ll have surpassed today’s temporary standard.  They’re boycotting AriZona Iced Tea, which is made NOT in Arizona, but in Brooklyn, NY.  The only connection it has with Arizona is its name. 

From Vanity Fair:

In response to the state of Arizona’s polarizing new immigration law, thirsty, misguided activists have decided to boycott AriZona-brand iced tea. The problem, as the New York Daily News reports, is that the beverage is brewed in New York. This has not dissuaded the Twittering masses from condemning the tea. “I’m going to even boycott Arizona Ice Tea. I mean Freedom Ice Tea,” wrote one dissenter. “It is the drink of fascists,” the Daily News quotes another as saying.

Sarah Palin Goes Off on Obama

April 28, 2010

Palin on Obama from the Hannity show last night: “I’m sick and tired of Obama and the White House coming out with yet another new crisis that has to be fixed by government sticking it to the people“. 

Preach it Sister.

New Obama Billboard from Texas

April 28, 2010

Courtesy of Gateway Pundit.

The Real Party of Wall Street

April 26, 2010

2 Illinois Lawmakers Want National Guard Deployed to Quell Violence in Chicago

April 26, 2010

Weren’t Chicago’s strict gun control laws supposed to decrease gun violence?  Sadly this is yet another example of why such laws don’t work.  

From the Star Tribune:

Two Illinois lawmakers say violence has become so rampant in Chicago that the National Guard must be called in to help.Chicago Democratic Reps. John Fritchey and LaShawn Ford made a public plea to Gov. Pat Quinn on Sunday to deploy troops.

The request comes amid a recent surge in violent crime, including a night last week that saw seven people killed and 18 wounded, mostly by gunfire.

Fritchey says Chicago has had 113 homicide victims this year. He says the police department has done a commendable job, but its resources are stretched thin.

Obama Plays the Race Card

April 26, 2010

Our Dear Leader plays the race card in his latest video regarding the 2010 elections, where there’s no mention of whites, senior citizens, Asians, etc.  Hope, Change, and the Race Card.  All courtesy of The One.  It’s painfully obvious that this president is intent on dividing, not unifying.  November (pick a year) can’t get here soon enough.

Projected Federal Spending in 2020 per Director of CBO

April 25, 2010

From Randall Hoven in the American Thinker:

“Given current law and certain changes to that law that are broadly supported by the Administration and Congress, the budget deficit and debt are on a worrisome path-unsustainable in the long run and posing growing risks even during the next several years.”  Douglas Elmendorf, Director of the CBO, April 23, 2010.


Wall St. Journal Goes for NY Times’ Jugular

April 25, 2010

Rupert Murdoch is finally going after local advertising in the NY editions.  From Thomas Lifson in the American Thinker:

The jugular vein of the New York Times Company is local advertising in the New York editions, and the company just acquired a price-slashing competitor that is likely to cost it dearly. In early 2006, Jack Risko and I explained why local ads in the New York market are so important to the Times’ revenues, and why they are highly vulnerable to competition from Rupert Murdoch of News Corp. In mid 2007, I predicted that with the Wall Street Journal under News Corp control, upscale New York readers were going to be targeted for circulation, and that eventually the WSJ was going after the Times’ biggest local advertisers, and was likely to cut prices.

Yesterday came the announcement I have been waiting for. Jennifer Saba of Reuters writes:
 
The Wall Street Journal is offering some businesses firesale prices for full-page ads in its highly anticipated New York edition to seduce advertisers away from The New York Times.
Wall Street Journal Managing Editor Robert Thomson and other executives plan to unveil the edition during a press briefing on Monday morning.
The section will cover local news, culture and sports, and will be incorporated within the Wall Street Journal. It will be circulated in the New York area. [snip]
To entice advertisers onto the pages of the New York edition, the Wall Street Journal is deeply cutting the cost of a full-page ad and, as a bonus, throwing in a full-page ad in the New York Post, also owned by News Corp.

Bill Kristol and Juan Williams Square Off over Government Leak of Goldman Emails

April 25, 2010

Hat tip to Gateway Pundit.

Bill Ayers: We were never a terrorist organization

April 25, 2010

Mr. Ayers must have a pretty bad memory.  He also has a good friend in our Dear Leader, Barack Hussein Obama. 

SEIU Illinois Members Chant “Raise My Taxes!”

April 24, 2010

With such rampant idiocy in the Land of Obama, it’s no wonder Moody’s lowered Illinois’ bond rating.

Andy Stern Leaves SEIU $85M in Debt

April 24, 2010

Good read from Vincent Vernuccio in the Washington Post on how Andy Stern has left the SEIU over $85M in debt, while also laying off employees.  With such an impressive track record, it’s no wonder Stern’s also on Obama’s Deficit Commission

Purple may be the official color of the Service Employees International Union (SEIU), but Andy Stern is leaving the union deep in the red. Last week, he surprised the labor community by announcing his resignation as president of SEIU. Mr. Stern has claimed victories in helping pass health care legislation and getting President Obama elected, but his impact within his own organization shows gaping budget deficits and massive underfunding of pensions.

SEIU has seen its liabilities skyrocket during the past decade. The union’s liabilities totaled $7,625,832 in 2000. By 2009, they had increased almost by a factor of 16, to $120,893,259. Meanwhile, SEIU’s assets barely tripled, growing from $66,632,631 in 2000 to $187,664,763 in 2009. A significant portion of SEIU’s current assets are from IOUs from hard-up locals.

SEIU is $85 million in debt, down from its 2008 high of $102 million, and has been forced to lay off employees. Mr. Stern has led protests against Bank of America, calling for the firing of Chief Executive Ken Lewis. Yet the union owes $80 million to Bank of America and $5 million to Amalgamated Bank, which is owned by the rival union Unite-Here.

SEIU’s pensions are in even worse shape. Both of SEIU’s two national pension plans, the SEIU National Industry Pension Fund and the Pension Plan for Employees of the SEIU, issued critical-status letters last year. The Pension Protection Act requires any pension fund that is funded below 65 percent of what it needs to pay its obligations to inform its beneficiaries of the deficit.

Many SEIU local pension plans are in as bad a shape as the national plans – if not worse. In 2007, well before the financial meltdown, the SEIU Local 32BJ Building Maintenance Contractors Association Pension Plan was funded at an anemic 41 percent, the SEIU 1199 Greater New York Pension Fund at 58 percent, the 32BJ District Building Operators Pension Trust Fund at 56 percent, and the Service Employees 32BJ North Pension Fund at 68 percent.

Continued:

Mr. Stern’s abrupt resignation has led many to question his motives and ponder his next steps. Whatever the answer, one thing is certain: He leaves SEIU – especially its pension funds – swimming in red ink. Sadly, it will be the union’s rank-and-file members who will be paying for Mr. Stern’s profligacy well into the future.

Remember November!

April 24, 2010

View the awesome video below from Remember November, part of the Republican Governors Association.

Political Contributions by Party from Goldman Sachs

April 23, 2010

The One and other Democrats try to villainize Republicans for their talks with “Wall St. Execs” while bringing a case against Goldman Sachs via the SEC.  Yet it’s actually the Democrats who are in bed with Wall St. 

From Randall Hoven in the American Thinker:

You Lie! Obamacare to Increase Cost of Healthcare

April 23, 2010

Shocker!  Per a report from the Department of Health and Human Services, Obamacare will actually increase the cost of healthcare over time.   From Foxnews.com:

President Barack Obama’s health care overhaul law will increase the nation’s health care tab instead of bringing costs down, government economic forecasters concluded Thursday in a sobering assessment of the sweeping legislation.  A report by economic experts at the Health and Human Services Department said the health care remake will achieve Obama’s aim of expanding health insurance — adding 34 million Americans to the coverage rolls.

But the analysis also found that the law falls short of the president’s twin goal of controlling runaway costs, raising projected spending by about 1 percent over 10 years. That increase could get bigger, however, since the report also warned that Medicare cuts in the law may be unrealistic and unsustainable, forcing lawmakers to roll them back. 

The mixed verdict for Obama’s signature issue is the first comprehensive look by neutral experts.  In particular, the warnings about Medicare could become a major political liability for Democratic lawmakers in the midterm elections. The report projected that Medicare cuts could drive about 15 percent of hospitals and other institutional providers into the red, “possibly jeopardizing access” to care for seniors.

Your Tax Dollars at Work: SEC Staff Watched Porn as Economy Collapsed

April 23, 2010

The SEC has fallen asleep at the wheel.  First with Bernie Madoff, and now this.  From 9News:

The SEC’s inspector general conducted 33 probes of employees looking at explicit images in the past five years, according to a memo obtained late on Thursday by The Associated Press.

The memo says 31 of those probes occurred in the 2 years since the financial system teetered and nearly crashed.

It was written by SEC Inspector General David Kotz in response to a request from U.S. Senator Charles Grassley.  An SEC spokesman declined to comment on Thursday night.

The memo was first reported on Thursday evening by ABC News. It summarises findings of past inspector general probes and reports some shocking findings:

A senior attorney at the SEC’s Washington headquarters spent up to eight hours a day looking at and downloading pornography. When he ran out of hard drive space, he burned the files to CDs or DVDs, which he kept in boxes around his office. He agreed to resign, an earlier watchdog report said.

An accountant was blocked more than 16,000 times in a month from visiting websites classified as “Sex” or “Pornography.” Yet, he still managed to amass a collection of “very graphic” material on his hard drive by using Google images to bypass the SEC’s internal filter, according to an earlier report from the inspector general. The accountant refused to testify in his defense and received a 14-day suspension.

Seventeen of the employees were “at a senior level,” earning salaries of up to $US222,418 ($A239,933.12).

Obama Blasts GOP for Meeting with Wall St. Execs, Fails to Mention His 4 Meetings with Goldman Sachs Execs

April 23, 2010

The One.  The Hypocrite.  From The O’Reilly Factor via Gateway Pundit:

Bertha Lewis, CEO of ACORN, discusses Conservatives and the Tea Party

April 22, 2010

From her speech to the Young Democratic Socialists on 3/25/2010. 

Your Tax Dollars at Work: Pelosi has more Guards than Guests at Florida Event

April 22, 2010

At a recent event in Florida, Nancy Pelosi had 20 taxpayer-funded guards and 18 guests.  To her credit, I’m surprised she drew that many.   From Foxnews.com:

House Speaker Nancy Pelosi reportedly had more security guards than guests at a recent Florida fundraiser. The Palm Beach Post writes Pelosi had 12 guards, mostly Capitol police, plus four Palm Beach officers, two sheriff’s deputies and two police boats, adding up to at least 20 in her security detail. There were 18 guests.

California Republican congressional candidate Dana Walsh is asking that Pelosi or the Democratic Congressional Campaign Committee repay taxpayers for the expense. Pelosi’s office told us the numbers in the newspaper story are not true, but would not comment directly on security arrangements.