California's $15/Hr. Min. Wage Gives Public Union Employees Big Raises
A Los Angeles Times story by Liam Dillon and Patrick McGreevy hailed the "historic" increase in the state-mandated minimum wage to $15 an hour.
Apparently giddy with excitement, the pair also unwisely told readers that many public-sector employees who earn far more will be receiving big raises as a result of the legislation with having to bother negotiating with the government entities involved…
CNN Money: 'Obamacare Patients Are Sicker and Pricier Than Expected'
Nobody could have seen this coming.
That's sarcasm, folks. Everyone but those who somehow thought that hope would somehow triumph over experience in the kinds of patients who would utilize Obamacare saw this coming. CNN Money Senior Writer Tami Luhby is reporting, with some apparent surprise, that "Obamacare patients are sicker and pricier than expected" (bolds are mine; HT Twitchy):
Mark Zandi, Economy's Cheerleader, Gave the Max to Hillary Last Year
Mark Zandi, Moody's chief economist, comments monthly on the ADP private-sector employment report his firm compiles. He is "often quoted in national and global publications and interviewed by major news media outlets, and is a frequent guest on CNBC, NPR, Meet the Press, CNN, and various other national networks and news programs."
Zandi has also been the economy's head cheerleader during much of…
Blogger: ‘Bat-Sh*t Crazy’ GOPers Still Won’t Admit Obamacare Works
“I’ve made up my mind -- don’t confuse me with the facts” could be Republicans’ unofficial motto when it comes to Obamacare, suggested New York magazine’s Jonathan Chait in a Tuesday post concerning decreased growth in health-care costs.
Chait asserted that “some aspects of the lower health-care-inflation rate can be clearly tied to Obamacare reforms,” though he allowed that “it’s impossible to…
Time and the Left Trot Out 75 Year-Old Excuses For the Poor Economy
It's so predictable.
Whenever a government or leader follows the left's playbook and the results "uexpectedly" don't turn out to be anywhere near what was desired, it isn't the policies' or the leader's fault. No-no-no. During the Mayor David Dinkins era in New York City, it was because Gotham had become ungovernable by any human being – until Rudy Giuliani took over. During the Carter Era, the…
San Jose Paper's Howler: Jerry Brown Is 'Notoriously Frugal'
This sentence actually appeared at the web site of the San Jose Mercury News Monday afternoon regarding California's Democratic Governor Jerry Brown: "In his 2016 budget plan, the notoriously frugal governor warned that a $15 minimum wage would cost the state about $4 billion a year and risk plunging it back into the red." Yesterday, Governor Brown "sudden(ly) embraced" the $15 minimum wage.
At…
Bloomberg: Yale Endowment-Targeting Connecticut Is 'Cash-Strapped'
In a variation on a popular saying in real estate — "The three most important factors are location, location and location" — the State of Connecticut, since Democrat Dannel Malloy became Governor five years ago, has employed three strategies to balance its budget: raising taxes, raising taxes, and raising taxes.
The Nutmeg State's next planned round of tax increases includes a proposal pushed by…
Press, Reacting to Dismal Consumer Spending News: Better Days Ahead
For the past month, the conventional wisdom about the U.S. economy has been that consumer spending and "(not really) robust" job growth will continue to prop up the economy, even as weaknesses in manufacturing, trade and other areas continue to present problems. President Obama bragged in early March that the economy is "pretty darned good now."
Today, the first of those two pillars got pulled.…
Blogger: Conservatives Clueless About Obama’s ‘What Works’ Comment
Conservatives have objected in droves to a remark President Obama made this past week during his visit to Argentina. Addressing a gathering of young adults, Obama said, “In the past there’s been a sharp division…between capitalist and communist or socialist…but I think for your generation, you should be practical and just choose from what works.”
The right’s hostile response, contended The…
Video
Press Ignores Obama's False-Equivalence: Some Communist Ideas 'Work'
As noted in my previous post, the press is determined that the world not learn of profound statements made by world leaders it despises. The specific reference was to Israeli Prime Mininster Benjamin Netanyahu's five-word admonishment to those who believe that some accommodation can be reached with Islamic terrorists: "Terrorists Have No Resolvable Grievances."
Meanwhile, the press protects…
Video
CBS Hits Panic Button, Rails Against Religious Freedom Bills in GA, NC
In almost identical fashion to their hysteria concerning the defeat of transgender bathroom bill in Houston from November, Thursday’s CBS Evening News painted quite the doomsday scenario for Georgia and North Carolina over their respective religious freedom bills as the newscast argued they could lead to massive boycotts and the loss of billions of dollars in business.
Pundit Contrasts Obama’s ‘Reasoned’ Approach With GOP’s ‘Meltdown’
In early 2008, Barack Obama annoyed many liberals when he said that President Reagan (but not President Clinton) had “changed the trajectory of America.” New York magazine’s Chait no doubt will irritate many conservatives by suggesting Obama has done the same over the past seven-plus years. In a piece for the March 21 issue, Chait commented, “Obama hasn’t so much moved from the center to the left…
AP Cheers New-Home Sales Increase in West, Covers Up Drops Elsewhere
Today's report on February's new-home sales from the Census Bureau showed seasonally adjusted declines in three of the nation's four regions and an increase in the West.
The Associated Press and reporter Josh Boak, displaying brazenness which might have even embarrassed the scribes at Pravda during the worst days of the Soviet Union, concentrated on how great things were in the West in their…
Feb. Home Sales Dive: Press Ignores Realtors' Concerns About Economy
Ridicule by media critics has apparently made some headway against the business press's annoying habit of describing bad news about the economy as having occurred "unexpectedly." Now they seem to be reserving the "U-word" for unexpected improvements, which haven't been seen very much during the past seven-plus years.
Instead, reacting to today's bad news from the National Association of Realtors…
