Category Archives: Economy
William McKinley was the 25th president of the United States. He’s from Ohio. The highest hill in Ohio is 1,500 feet. The Highest mountain in the U.S. is 20,000 feet. Never mind that it’s in Alaska, it’s named after McKinley.
At least it was until now. President Obama changed the name to “Denali”. That was kind of redundant since the people in Alaska have been calling it Denali for past 100 years.
Still, it didn’t sit well with Ohio politicians. Rep. Bob Gibbs, R-Ohio called it an insulting “political stunt”. The congressman complained that presidents can’t just go around renaming mountains.
After a enjoying few beers the president changed the name of “Mauna Kea” in Hawaii to “Mount Obama”. He also changed “global warming” to “climate change“.
The Fed has kept the stock market and, so it claims, the U.S. economy afloat with low interest rates. The Dow lost 1500 points in the past week. World economic growth is stuck in the mud.
And with interest rates near zero, the Fed is low on flotation devices.
If income inequality is your thing, cheer up. Jeff Bezos lost $2.6 billion on Monday. Bloomberg has the fat cat score card here.
Boeing and GE have stopped contributing to politicians who oppose the Export / Import Bank. Both companies get subsidized loans from the bank to help them export their products. No stranger to crony capitalism, GE CEO Jeff Immelt threatened to move jobs out of the country if th Ex/Im is closed. Imelt moonlights as Obama’s Jobs Czar.
“Without a credible threat to walk out of the single currency, Greece was eventually forced to cave in, and accept punishing terms from the rest of the European Union that will push its economy even deeper into recession.” – Market Watch
Parts is parts to Deborah Nucatola.
Nucatola is the senior director of medical research at Planned Parenthood. She was caught on video discussing her method for harvesting body parts from the babies she aborts.
“I’d say a lot of people want livers”, she explained while swirling a glass of wine. In order to deliver quality parts Nucatola uses ultrasound to locate an organ and then “crushes” the baby above and below the desired part.
This use of ultrasound outraged Michele Malkin.
Think about that. Planned Parenthood has officially declared it “torture” for women to see their unborn children through ultrasound before submitting to abortion.
Her point is that Planned Parenthood fights laws requiring that women be shown fetal ultrasounds before an abortion can be performed.
Here’s Kevin Williamson, in National Review:
Abortion is a brutal business — emphasis on business. Planned Parenthood takes in a half-billion dollars a year in government money; its financial footprint is the same size as that of the NCAA.