Author Archives: Bok
Democrats have learned the true source of the ebola virus – Republicans. Or more specifically sequestration, the scheme to hold federal spending in place. Sequestration was actually proposed by President Obama and later implemented by Congress as a way to climb down from the fiscal cliff.
The head of NIH says if not for sequestration we’d have an ebola vaccine by now. He didn’t say if it would cause autism.
IBD says CDC and NIH are doing just fine..
The CDC’s budget today is 25% bigger than it was in 2008 and 188% bigger than in 2000. The NIH budget has been flat for the past few years, but at a level that’s more than double what it was 14 years ago.
Plus, spending at both of these agencies has actually been higher than President Obama himself proposed (see chart). The 2014 NIH budget, in fact, is almost $1 billion bigger than Obama sought in his budget plan, released in early 2010.
AAAAAAAAAAiiiieeeee This just in: Ebola comes to Akron. I live in Akron! The victim traveled through Cleveland Hopkins airport this past weekend. I traveled through Cleveland Hopkins airport this past weekend! Damn Republicans.
Turkey seems content to allow ISIS to wipe out the Kurds on its border in the Syrian town of Kobani. The Kurds have threatened to renew guerrilla war against the Turks if they don’t give a little help.
Meanwhile tribal forces in Iraq’s Anbar province say they can’t resist Isis without American ground troops.
David Ignatius, in the Washington Post, says that limited conflicts have a way of ratcheting upwards. He adds, “since the days of the Romans limited warfare has rarely been successful”.
Hollywood political fundraising has become too much even for Hollywood. Gwyneth Paltrow hosted the president and informed him, “you’re so handsome I can’t speak properly”. Then she allowed, “it would be wonderful if we were able to give this man all the power he needs”.
The Paltrow performance sent TMZ over the edge:
It’s the latest example of how demeaning it has become for Presidents to act like circus animals — performing for crowds that will feed them … in this case, feed them with money to line political coffers.
It’s revolting that celebrities and other rich people feel such a need for self-importance — contributing money but ONLY if they can have their picture taken with the president and tell their friends they had dinner with him. If they’re so committed to him, just send him a check and let him stay in Washington and do his job.
Barack Obama called George Bush’s war in Iraq a dumb war. Former Defense Secretary Leon Panetta, doesn’t think his old boss’s own war was so bright either. He says Obama “sort of lost his way”. Panetta’s predecessor, Robert Gates, has said pretty much the same thing. He didn’t think the president “believed in his own strategy”.
Speaking of believing in your own strategy, how come these two guys didn’t speak up when it would have made a difference? They both have books to peddle now. They may not be loyal, but they’re not dumb.
What good is quantitative easing if Ben Bernanke can’t get a loan? The former Fed chairman confided last week that he was unable to refinance his $850,000 home mortgage. It’s true he’s out of a job but ex-government swells are never out of the money. Bernanke is still making the stuff from thin air (or hot air) by cranking out speeches at more than $200,000 a pop.
Helicopter Ben Bernanke
IBD notes that even Barney Frank now lays some blame on the government for the 2008 banking crisis. It forced banks to lend to risky home buyers and now Dodd Frank is overcorrecting by putting the clamps on the banking industry. Banks have been forced to close branches to pay penalties. They’re sitting on piles of free money but they’re reluctant to lend, even to Helicopter Ben.
In that same speech he also discussed how the government can always avoid deflation by printing more dollars and referred to a statement made by Milton Friedman, a Nobel Prize winning economist, about using a helicopter drop of money to fight deflation. Since then, Bernanke has had the nickname of “Helicopter Ben.”