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"Drone King" Leon Panetta Claims That Israel's Precision-Targeted Campaign Against Hezballah Terrorist Is Itself "Terrorism"
Hitpiece Media Goes After Alleged "Sexting" Affair Between RFKJr. and "Star" Political Reporter Olivia Nuzzi Tim Walz: "We Can't Afford Four More Years of This" Secret Service Agent Accidentally Shoots Himself The Left Has Only One Agenda and It Is Outlawing All Dissent Against Them So They Can Do Whatever They Like and Never Be Held Account for Their Catastrophic Failures DOJ Releases Letter Penned by Second Trump Assassin, Promising $150,000 to Anyone Who Could "Finish the Job" by Killing Trump THE MORNING RANT: Volkswagen is Halting US Electric Vehicle Production Until at Least 2025 Mid-Morning Art Thread The Morning Report — 9/23/24 Daily Tech News 23 September 2024 Absent Friends
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October 07, 2004
Mainstream Media Raises Expectations on Jobs ReportsTo be fair, the Bush Administration has raised expectations itself. Still, I find it curious that the media likes to play up expectations of a good jobs report, and yet doesn't seem eager to report actual good jobs reports. They had a lot to say about the lackluster summer jobs numbers, and yet had little remark about the big numbers posted in late winter and early spring. Interesting points, with a cute little button: The precise relationship between pocketbook issues and presidential elections is impossible to pin down, but that does not stop economists from trying. A well-known model developed by Yale economist Ray Fair, based largely on economic growth and inflation figures, projects that Bush will win 59 percent of the two-party vote. posted by Ace at 10:46 AM
CommentsThey'd have to be at least three states. And I think one of them gets to volunteer to host the national radioactive waste disposal center. Posted by: Al on October 7, 2004 03:50 PM
Presidents and the Economy It seems that there are only two issues in the present Presidential campaign: Iraq and the economy. This implies that most voters seem to subscribe to the thesis that the president has a significant impact on the economy. To a large extent this belief has persisted for many years. I believe that it was heightened by the Clinton years in the White House. He made the economy the primary focus of his 1992 campaign and the economy did very well during his two terms so it seems natural to believe that he had something significant to do with it. First, let's try to go back over some of the administrations of the 20th century to quantify what actually happened.
Unfortunately, during its first decades, the Federal Reserve did not know what it was doing. In 1923 Coolidge became president and was dedicated to the concept of laissez-faire which is French for "butting out". In 1924 the stock market became popular and started a spectacular rise. It was like the dot-com thing but on a larger scale. People traded up equities with little rational basis. From May 1928 to September 1929, the average prices of stocks rose In August 1929 a recession began. For the next two months GDP fell at an annualized rate of 20%. The stock market crash started on October 24. FDR was elected in 1932. He took some drastic Starting in 1939 the U.S. economy boomed as the world went to war. The U.S. came out of World War II as the world's only intact economic super-power. Economic growth in the 1950's was sedate. Interestingly, the next big event that stimulated the economy was the Vietnam War. But a tax cut during the Johnson administration coupled with war spending led The tide may have shifted when Carter appointed Volkerto be Fed Chairman but few realized it at the time. Reagan ran on a "misery index" platform and unseated Carter. It was not until Reagan's second term that economic recovery, under Volker's leadership, started to have a dramatic effect. To a significant extent In 1991 the George H. Bush administration suffered a mild recession and got blamed for it. Clinton expertly emphasized that the issue was the economy and looked great. During the Clinton administration GDP growth averaged 3.5% per year, inflation was tame and unemployment So the question is this: what effect does the president have on the economy? I believe that the answer is: "almost none". The economy is affected by businesses, consumers, The federal government does have the ability to In fact, the Fed Chairman may indeed be as powerful as he is because the media and the public perpetrate the myth that the President is responsible for the economy. With attention diverted to the President the Fed Chairman can actually do his job. Jobs The President does not create or eliminate jobs George W. Bush did not destroy 3,000,000 jobs any To some extent both FDR and Reagan may have helped the economy by adopting positive attitudes at times when the country's spirits and economy were "in the dumps". On the other hand, those recoveries may have been inevitable. I think that Clinton deserves credit for doing There are some things that the President does that affect the economy. He starts the budget process but, in fact, it is Congress that, to a great extent, has the say over the budget. There is a much larger staff in the Congressional Budget Office than the White House has for this task. The President can affect foreign policy, trade, and industry regulations Congress and the President do have control over fiscal policy which means taxes and spending but very little (less than 10%) is really discretionary. I think that at the time of the George W. Bush tax cuts the nation's economic health and general well-being may have better been served if the government kept taxes The only real fiscal policy differences between thepresent two candidates probably consists in their views of what the income tax tables should look like. In reality, it is unlikely that the choice of one of those tables will have any significant effect on the economy. If you want to be hardcore political and really Looking clearly at the telecom bust one can see how business cycles come into being and play out. Opportunity knocks, business builds, jobs get created, supply exceeds demand, business contracts, jobs are lost. It's that simple. In addition, consider that the effects of recession are, in general, global rather than national. If heads of state are responsible how is it that they all simultaneously become idiots or geniuses? Instead we make believe that the President is responsible. I suppose this achieves two things. 1) It sells some media advertising time and 2) it lets Greenspando whatever the heck he wants. Posted by: Dick Lepre on October 7, 2004 05:35 PM
brit hume of fox news reported @ 6:30 that chris matthews is reporting dick cheney clearly said there was a link between 9/11 and saddam on"meet the press" but fox news said the cheney statement given to "meet the press" was taken out of context..the very next thing cheney said was there was NOT a link between 9/11 and saddam Posted by: trent on October 7, 2004 06:37 PM
Regime change We had only two clear options on Iraq. Regime change or allow SH to regain complete control of Iraq. The French and Russians had been pressing for the elimination of sanctions for some time. (We now have the evidence of why.) The idea that we could allow SH to remain is a non-starter. Could we have done things differently? We could have assassinated Saddam. We maybe could have hired some organized crime types to take Saddam out. Both of these choices would have left Iraq in much worse shape than she is in now. The US took the right course in dealing with this ruthless thug. With our troops in country we are able to guide the development of a free Iraq that will be a beacon to its neighbors. Why should we not do the same to the leaders of Korea or Iran? At this point we have ways to pressure them and have not yet reached an end game. We are not at war with either country, as we had been with Iraq from 1991 until just recently when the interim government took over. In addition, a free Iraq shining brightly right next door will give the Iranian people the example they need to create a representative government of their own. With Korea, as soon as the US elections are over the multilateral talks will get back to full steam. If JK wins, the Koreans will get fuel oil and reactors for a promise not to keep nuclear weapons. (Oh, wait, that was the wrong course Bill Clinton’s administration took. He wouldn’t be that stupid, would he?) No, JK has stated that he would sit down with the leaders of North Korea and hammer out a deal. If GWB win re-election the leaders of North Korea will have to decide if they have four years to string things out. If not, they will have to take the best deal that we offer, give up the weapons and materials, third party inspections and electricity from South Korean reactors on South Korean soil instead of in the North. Posted by: Art Marquardt on October 7, 2004 09:07 PM
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In solidarity with the MSM, Rich Lowry and National Review vilified the Covington Kids as racist agitators back in 2019. Now, it’s Rich Lowry being canceled for an accidental slip of the tongue that sounded like a forbidden word. There’s a lesson here for the Polite Right, but they won’t learn it. [Buck]
Forgotten 70s Mystery Click: Pop Princess Edition
'Cause it gets me nowhere to tell you no/ And it gets me nowhere to make you go From the same album
Are Lebanese citizens making up songs praising the #pager bombs?
Olympics judo star Nemanja Majdov banned for 5 months after making sign of cross at Paris Games [CBD]
The Lost Classics of Yacht Rock
You know you can't fool me I've been loving you too long It started so easy You want to carry on I'm not sure this is even Yacht Rock. This might just be very soft rock. I can't see myself sniffing cocaine from a Boat Hoe's cleavage to this song, which is the primary criterion of Yacht Rock. But I think this song more crosses from the shallows of soft rock to the cresting majesty of Yacht Rock. This is definitely bouncy enough for Hoe Snow. Very smooth, a little folky, a little jazzy. It's got that Hoe Snow snap.
From Andycanuck: Hezballah members reporting for work today, a little bit skittish about entering the code on an electronic keypad lock
I don't know if this is real. It's certainly accurate -- no one in Hezballah is happy to be handling any kind of electronic device today.
FAA fines SpaceX $633K for acting without its permission "These fines therefore are simply because FAA management has hurt feelings because SpaceX wouldn't wait for it to twiddle its thumbs for a few more weeks. The fines also suggest that FAA management is either being pressured to hinder SpaceX's commercial operations by higher ups in the White House, or that management itself is trying to exert more power over the company, for apparently very petty reasons." [CBD]
1) Individuals, on camera and audio, stating what they saw is "unconfirmed" with "no specific reports"
Rep. James Comer writes letter to criminal Christopher Wray, seeking information about Tim Walz's many, many suspicious trips to China
The FBI investigated whether Trump was a Russian agent based upon... nothing. Think they're investigating Walz, or nah?
Sopranos vs. Star Trek
Thanks to "NYT c*cksuckers"
Film Threat's Alan Ng gives Am I Racist? 8 1/2 out of ten, calling it "consistently hilarious"
Opens today. This is another one I have to see. It's being shown at AMC theaters so it will be on enough screens that people will be able to see it.
New book edited by Michael Walsh and featuring essays by Glenn Reynolds, Kurt Schlichter, and others: Against the Corporate Media: Forty-Two Ways the Press Hates You
Michael Walsh asked me to contribute a chapter to this book. I bailed out when I couldn't find a new angle on topic. But Walsh found a bunch of writers who do have new things to say. I'll review the book soon. Definitely consider buying it.
Supposedly a Twitter account called "The Black Insurrectionist" has a signed affidavit from an anonymous ABC "News" staffer, alleging that Muir and Kamala's sorority sister exchanged questions behind the scenes. I don't know if this is true. He says he's keeping the name of the staffer anonymous, so there will be no way to verify it even if he publishes it. Shrug. It's not much but a claim.
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