Category Archives: FoxNewsChannel
Drone Delivery
Internet shopping has been a bust to brick and mortar stores for a long time. But it’s been a boon to FedEx and others who deliver the stuff. That could be about to change. Jeff Bezos used a 60 Minutes interview with Charlie Rose to unveil drone delivery.
Could millions of unmanned mini-choppers flying through neighborhoods mean boom times for personal injury lawyers?
Nation of Laws
The constitution says the president must take care that the laws be faithfully executed.
David Mamet says our president is a tyrant. Our president says he’s a pragmatist. He also says we are a nation of laws and that he doesn’t have the power to issue executive orders ending deportations.
Except that he did issue an executive order limiting deportations after the Senate voted down the Dream Act. And he just overturned parts of his own health care law by unilaterally issuing waivers to cronies, suspending the employer mandate, and telling insurance companies to stop canceling policies that ObamaCare requires them to cancel.
Other than that he’s a helpless pragmatic bunny.
Nation of Laws
Kevin D. Williamson, in National Review, agrees that Obama is a pragmatist – a lawless pragmatist. He says Obama believes in committees of experts rather than the constitution:
Harry Reid has just helped take the brakes off of President Obama’s lawless agenda, for the purpose of installing friendly judges who will look the other way when his agenda is put to the legal test.
President Obama and his admirers choose to call this “pragmatism,” but what it is is a mild expression of totalitarianism, under which the interests of the country are conflated with those of the president’s administration and his party.
Update:
Professor Johathan Turley says The One We’ve Been Waiting For “has become the very danger the constitution was designed to avoid”.
Backdoor Wall Street Bailout
Our magic president has appointed a new Fed chief to make more magic money.
Janet Yellen’s Senate hearing for approval to succeed Ben Bernanke began yesterday.
Backdoor Wall Street Bailout
Andrew Huszar, a former bond buyer for the Fed, wrote an interesting apology in the WSJ this week for his role in “quantitative easing”.
He says that the Fed never bought a mortgage bond in its 100 year history until he was hired in 2009 to buy $1.25 trillion of the things! In a single year. According to Huszar Bernanke spun the scheme as a plan to help Main Street but it was really “the biggest backdoor Wall Street bailout of all time”.
Chairman Ben Bernanke made clear that the Fed’s central motivation was to “affect credit conditions for households and businesses”: to drive down the cost of credit so that more Americans hurting from the tanking economy could use it to weather the downturn.
QE may have been driving down the wholesale cost for banks to make loans, but Wall Street was pocketing most of the extra cash.
Too Stupid to Know What’s Good for You
Being too stupid to know what’s good for you, you bought a “substandard”, “bad apple” health care policy at an affordable price. Lucky for you, that policy has been canceled.
Thanks to the Affordable Care Act you now have access to a more expensive plan with free birth control, except you’re a 60 something male with a vasectomy (which you paid for).
You Lie
I got this idea from this Holman Jenkins column in the WSJ. He thinks there is “too much incentive for Americans to over-consume health care” and that low cost high-deductible coverage might be the solution.
Obama and Democrats in general hate that idea. Jenkins quotes Hillary Clinton in 1993:
“We just think people will be too focused on saving money and they won’t get the care for their children and themselves that they need . . .
“The money has to go to the federal government because the federal government will spend that money better.”
IBD says the reason HillaryCare didn’t become law in 1994 was because of the “Harry and Louise” ad campaign. The Harry and Louise characters hammered home the point that they would lose their cheap insurance and be forced to buy expensive insurance, of the government’s choosing, under the Clinton plan.
That’s why Obama lied early and often that “you can keep your plan, if you like it”, under ObamaCare. Now, people who happen to like their individual catastrophic coverage are learning the truth.
You Lie
South Carolina Congressman Joe Wilson was an obnoxious boor when he shouted “You lie” during President Obama’s 2009 State of the Union speech. But he didn’t lie.
