The situation there is grim, and the financial and social systems there are buckling:
The worst nightmares of [...] Euroskeptics have been exceeded. The United States carried the luxury-goods industries of France and Italy and the engineered-products industries of Germany on its back for decades, but it will not and cannot do it anymore. Decline is reversible; more complicated is a death wish as thoroughly installed in the attitudes and practices of whole peoples as that of most of Europe.
If Europe cannot spark a demographic renewal, with a work force comprising fully half the people, flexible labor markets, tax rates that encourage savings and investment, an end to stealthily galloping inflation, and a reactivation of the economic and military muscle that alone confer credibility, it will quietly perish.
These are the results of cradle-to-grave statism, and Euro-socialist economic policies. There is no reason why this cannot happen here in the United States, in fact it probably already is happening. The laws of economics and common sense apply in our country as well as in Europe.
Republican National Committee Chairman Reince Priebus mocked President Barack Obama’s 2008 election slogan Sunday, arguing it won’t pass the smell test with voters in 2012.
“It sounds like the new slogan is no longer ‘hope and change’,” Priebus said on CBS’s “Face the Nation.” “It’s, ‘Hey, it could’ve been worse’. Great bumper sticker, Debbie. I hope it works for you.”
Priebus was speaking to his counterpart at the Democratic National Committee, Florida Rep. Debbie Wasserman Schultz, who was with him in the joint interview.
An aggressive Priebus also said that Wasserman Schultz’s talking points had already been proven false, referencing the recent GOP victory in New York’s special House election.
“This has already been tested in a Democratic district. These talking points have been tested, and they’re losing. They’re imploding,” he said during their animated exchange.
The exchange begins at about 4:15 in the following clip, but the whole thing is worth watching.
Notice how the Democrat plan of attack seems to have fallen back to blame Bush, then blame Bush some more. With a disastrous three years of Democrats running the federal government, this is all they have–there is no positive record to speak of, a fact that Priebus is willing to point out.
Keep in mind, Mrs. Shultz also said this earlier this year, which Republicans should be repeating over and over.
Moreover, its good to see some in the Republican party finally have the guts strike back at Democrats and their lame talking points, and go on the offensive.
Businessman Herman Cain won the Florida straw poll Saturday, beating Texas Gov. Rick Perry, the GOP presidential frontrunner who just two days earlier delivered a debate performance that was widely panned.
Cain finished with 37 percent of the vote, while Perry trailed with 15 percent. Former Massachusetts Gov. Mitt Romney followed with 14 percent while former U.S. Sen. Rick Santorum drew 11 percent. U.S. Rep. Ron Paul finished with 10.5 percent, while former Utah Gov. Jon Huntsman finished with 2 percent.
Congratulations to Herman Cain, and to Jon Huntsman who came in with 2%–which is 1 point higher than Michelle Bachmann, whose campaign is all but finished at this point.
All joking aside, it ‘s an impressive result for Cain, but we can’t make much of it until further polling data confirms Cain’s actual standing among the candidates. I’m curious to see how the next few weeks pan out, but it seems as if Republican voters are sick and tired of the Romney vs. Perry bitch-fest. Romney is a non-starter for so many grassroots conservatives, and Perry’s star seems to flame out the more they learn about him. Nobody really knows at this point.
My guess is that voters are still not impressed with the current batch of contenders. No candidate is ever without flaws, but I’m getting the feeling that voters seem to think that these individual flaws are not mitigated by big enough plusses.
Nevertheless, a big congratulations is in order for Herman Cain–excellent work in making this silly season especially more entertaining.
Meanwhile, you know who this really helps? Stacy McCain. He hasn’t been on the Cain bandwagon—he’s been the coach driver.
Probably not, but a NASA satellite is about to come crashing down to earth:
The six-ton satellite circles the Earth on a tilted orbit, and as the planet turns each day, different locations pass underneath. The satellite’s orbit on Friday afternoon will not take it over any part of North America, but by Saturday, parts of the United States will again be in its path. [...] At least 26 pieces, the largest 330 pounds, are expected to survive the plunge and land along a path 500 miles long.
Not to worry, as it’s happened before:
NASA satellites also receive considerably more attention when they come back to Earth than other debris of similar size. About one satellite five metric tons or larger re-enters the atmosphere every year.
For example, on a test flight of its Falcon 9 rocket in June 2010, the Space Exploration Technologies Corporation placed the second stage and a prototype capsule into orbit. That object, heavier than the Upper Atmosphere Research Satellite, came crashing back to Earth two and a half weeks later without causing a media ripple.
No hope here. But lots of change, and for the worse, in a poll taken last week:
Eight of 10 say the economy is in a recession, and nearly as many say it hasn’t improved over the past year. Even more ominous: Six in 10 predict the economy a year from now will be the same or worse than today, a downturn from the public’s views last year and the year before.
In the USA TODAY survey, the public’s economic expectations were reversed from where they stood two years ago, soon after economists calculated the recession officially had ended. In September 2009, 65% predicted the economy would be better in a year; 35% said it would be about the same or worse.
Now, 37% say things will be better in a year; 61% say they will be the same or worse.
While a third of the respondents still attribute some of the blame to President Bush, that particular Democrat talking point is fading:
Twenty-four percent say Obama deserves a great deal of the blame, up 10 points since 2009. For the first time since he took office, a majority of Americans — including six in 10 independents — say he deserves a great deal or moderate amount of blame for the nation’s economic woes.
“The blame-it-on-my-predecessor line is of decreasing help to an incumbent,” says political scientist William Mayer of Northeastern University. “It was perfectly fine when he took office, and even reasonable a year or two in, but eventually, increasingly, it becomes Obama’s economy.
I think Obama pushed the blame-it-on-Bush string much too long. About two years too long. When you campaign on vague promises of hope and change, as the savior of an economy that was teetering on disaster, there had better be solid improvements in people’s economic well-being, relatively quickly. Especially after you made it a point to tell everyone that your predecessor’s economic policies failed, with the implication being that yours are so much better.
So much for that.
So much for the “rich don’t pay taxes” meme:
The data tell a different story. On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.
There may be individual millionaires who pay taxes at rates lower than middle-income workers. In 2009, 1,470 households filed tax returns with incomes above $1 million yet paid no federal income tax, according to the Internal Revenue Service. That, however, was less than 1 percent of the nearly 237,000 returns with incomes above $1 million.
This year, households making more than $1 million will pay an average of 29.1 percent of their income in federal taxes, including income taxes and payroll taxes, according to the Tax Policy Center, a Washington think tank.
Households making between $50,000 and $75,000 will pay 15 percent of their income in federal taxes.
Lower-income households will pay less. For example, households making between $40,000 and $50,000 will pay an average of 12.5 percent of their income in federal taxes. Households making between $20,000 and $30,000 will pay 5.7 percent.
Facts are difficult for the left to embrace.
This is either scraping the bottom of the ideas barrel or the president is light years ahead of the rest of us, and knows something we don’t:
Mr. Obama, in a bit of political salesmanship, will call his proposal the “Buffett Rule,” in a reference to Warren E. Buffett, the billionaire investor who has complained repeatedly that the richest Americans generally pay a smaller share of their income in federal taxes than do middle-income workers, because investment gains are taxed at a lower rate than wages.
Mr. Obama will not specify a rate or other details, and it is unclear how much revenue his plan would raise. But his idea of a millionaires’ minimum tax will be prominent in the broad plan for long-term deficit reduction that he will outline at the White House on Monday.
So for the second time in a month, President Transparency proposes a literal blank slate of legislation, and is encouragin its passage. Kings have had harder times in mandating edicts.
What is this nonsense if it isn’t class warfare, and a desperate attempt to start discord among Republicans? After a disastrous few weeks for Obama and the Democrats, this is most definitely be his desired goal. The president knows that the proposed tax is dead on arrival in the House. He knows this. And anyone with a brain knows that this does nothing to create jobs, and is a drop in the bucket with regards to deficit reduction.
But Republicans will have to defend not endorsing it, and the administration, along with Democratic congressional leaders, will go on the offensive. But as the weeks drag on, and the government continues to pump out report after dismal report on the state of the economy (the September NFP report is out in a little over two weeks), it might not make a difference for the administration.