I would not vote to confirm Yellen. Here Cato’s Mark Calabria lays out Yellen’s sorry historical record. Yellen has done little to make anyone believe she is ready to challenge that institution in any serious way. When asked about her time at the San Francisco Fed, a district which covers not just California but also Nevada […]
Archives for October 2013
Obamacare Destined to Destabilize Healthcare System
The Washington Post‘s Michael Gerson explains what, from his point of view, is wrong with Obamacare. Obamacare is not primarily an entitlement program. The entitlement component — the exchange subsidies — will involve about 2 percent of Americans during the first year. (Others will be added to Medicaid, which has been around since 1965.) About 20 million […]
Republican Governors in Thirty States Are Shining
Here you get the good news from Kevin D. Williamson at National Review. In a discussion this week with National Review’s editors, Governor Bobby Jindal of Louisiana noted that Republicans and conservatives are having much better luck at the state level, with 30 GOP governors making real advances in important areas ranging from education to health […]
The Pigs in Washington
“Over the last century, government’s fiscal machinery has been mostly gas pedal, little brake. In 1913, the 16th Amendment gave Washington open-ended power to tax income and borrow against it, with no offsetting restraint on spending or debt,” writes, David Malpass in The Wall Street Journal. The bond buying operation by the Fed is simply creating […]
American Conservatives Are Talking Secession
There is plenty of hot action afoot as Pat Buchanan reports. What are the forces pulling nations apart? Ethnicity, culture, history and language — but now also economics. And separatist and secessionist movements are cropping up here in the United States. While many Red State Americans are moving away from Blue State America, seeking kindred […]
Obama Is Going to Have to Cave
Here you read why the president has foolishly overplayed his hand. From Charles Krauthammer: To be sure, the administration has, as always, overplayed a good hand with punitive shutdowns — such as of the World War II Memorial — clearly intended to be blamed on the GOP. People aren’t that stupid. They know a gratuitous […]
Boehner slams ObamaCare after other GOP leaders sidestep it (Video)
Speaker John Boehner (R-Ohio) on Wednesday criticized the first week of ObamaCare as a system that threatens to fine people for failing to buy health insurance on websites that don’t work. “How can we tax people for not buying a product from a website that doesn’t work?” he asked on the House floor.
It’s Yellen. Now What?
Here The Wall Street Journal points out Janet Yellen’s weakness on inflation, something I’ve been talking about for a while. And in 1995 she said during a debate on inflation targeting that “when the goals conflict and it comes to calling for tough trade-offs, to me, a wise and humane policy is occasionally to let […]
The Phony Shutdown Crisis
Mark Steyn lays out just how ridiculous the government shutdown is when its most famous effects are things like shutting down the PandaCam. This week’s “shutdown” of government, for example, suffers (at least for those of us curious to see it reduced to Somali levels) from the awkward fact that the overwhelming majority of the […]
New Solara Drone Has 5 Year Flight Endurance
In Washington D.C., at the AUVSI show, Titan Aerospace unveiled the SOLARA atmospheric satellite, a High Altitude Long Endurance solar atmospheric satellite capable of carrying telecom, reconnaissance, atmospheric sensors and other payloads. It has a 164 ft / 50 m wingspan and thousands of high efficiency solar cells, the SOLARA is capable of staying aloft for […]
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