Category Archives: Economy
The world wide gas war is leading to the biggest decline in inflation in 6 years according to WSJ.
Business Insider says Tesla is Tanking.
Chuck Schumer, the third ranking Senate Democrat, gave a speech trashing ObamaCare. He said it was a mistake to ram through health care reform when the main concern of voters was the economy. The uninsured were a small percentage of the electorate and most of them didn’t vote. ObamaCare meant middle class working people had to pay more for their insurance to subsidize the non-voting beneficiaries of ObamaCare. Schemer said that was politically stupid. As a result Democrats are now getting shellacked at the polls.
The speech came as a shock to Progressives and the press but it’s something Schumer must have given a lot of thought to. As Dan Henninger said in the WSJ, “Let us count the times Sen. Chuck Schumer has blown himself up politically.
That was a short count, wasn’t it?”
In the wake of the midterm shellacking, Louisiana Governor Mary Landrieu wanted to show her constituents that she supports the oil and gas economy her state depends on. So she pushed Harry Reid to bring the Keystone Pipeline bill to the senate floor for a vote. The move seemed kind of desperate considering the House version of the bill bill is named for her Republican runoff opponent Bill Cassidy.
The environmentalist wing of the party prevailed over the labor union wing. She lost by one vote and is now officially under the Democratic Party bus.
President Obama believed in his heart that marriage is between a man and a woman. Until one day he woke up and he didn’t. He said he evolved.
The president likes to insist he’s not a king. Twenty-two times he insisted he couldn’t just change the immigration law. Until Thursday he did. He insisted his position hadn’t changed.
But what more can we expect from a king in silk stockings and pink satin pants? (Allan Sherman My Son the Nut, “You Went the Wrong Way, Old King Louie”)
China is filled with with smog. You can taste the PM 2.5 - little particles that go into your lungs to kill you. So what was the signing event of the week? A deal to reduce the carbon dioxide you exhale to cough those little buggers out. And the Chinese don’t even have to do it until 2030. If they’re still alive.
The agreement is for America to set the example by cutting co2 emissions right away. The really silly part is that it’s a deal about nothing. Carbon dioxide emissions in the United States have been falling due to increased use of natural gas and a decreased role for industrial production. We’re expected to reach the goals of the agreement by doing nothing. China will reach peak population growth by 2030 and it’s co2 emissions are expected to fall naturally by then too.
The other big news of the week was the revelation that our governing elites lack a positive attitude toward us voters. They think we’re stupid. Ok, so maybe they’re right. It’s certainly not a problem shared by China – a situation much admired by Tom Friedman of the NYT.