Thursday, February 20, 2014

CBO Strikes Again

***Obama loves to use CBO numbers - the few times they were favorable to him. He has had two body slams in the last two weeks, though. Look out, CBO guys. You're about to be phased out, audited, blown up, anything to shut you up.



Live by the CBO, die by the CBO. 

For the second time this month, the independent economic analysts in the legislative branch have delivered a body blow to the Obama administration’s key domestic policies. First, the Congressional Budget Office – often cited by the White House for its more sympathetic analyses of the Affordable Care Act – concluded the law would result in the net loss of the equivalent of 2.5 million full-time workers, setting up the US for slower growth even as Obamacare and other entitlement programs need more workers producing more income to survive. Republicans on the Senate Budget Committee pointed out that it would cut one trillion dollars in compensation from the economy over the next decade. 
Democrats pushed back by criticizing early reactions that mischaracterized the CBO report on Obamacare’s impact as job losses (rather than jobs that would otherwise have been created), and claiming success in fighting “job lock.” The White House jumped on that argument, claiming that the CBO report meant “greater job mobility and entrepreneurship.”         
The loss of production and income, however, is net, which means that even with arguably lower barriers to job mobility, the US economy will see less production and “entrepreneurship.” 
Even that fig leaf was stripped away in the latest CBO report on President Obama’s economic agenda. Obama had demanded that Congress act on his proposal to increase the federal minimum wage by 39 percent over the next two years, moving it from its current $7.25 an hour to $10.10 by 2016.

Facts is facts.

***Now they want to control the newsrooms. NEWSFLASH! They already do. I guess they just want to quell any criticism whatsoever. This is insidious, people.

News organizations often disagree about what Americans need to know. MSNBC, for example, apparently believes that traffic in Fort Lee, N.J., is the crisis of our time. Fox News, on the other hand, chooses to cover the September 2012 attacks on the U.S. diplomatic compound in Benghazi more heavily than other networks. The American people, for their part, disagree about what they want to watch.
But everyone should agree on this: The government has no place pressuring media organizations into covering certain stories.
Unfortunately, the Federal Communications Commission, where I am a commissioner, does not agree. Last May the FCC proposed an initiative to thrust the federal government into newsrooms across the country. With its "Multi-Market Study of Critical Information Needs," or CIN, the agency plans to send researchers to grill reporters, editors and station owners about how they decide which stories to run. A field test in Columbia, S.C., is scheduled to begin this spring.

What could possibly go wrong?

***I'm sorry...I don't know why, but this really tickled my funny bone...



***Truth is often lost in rumor mill of gay hate crimes. Oh, but it makes them feel so good about themselves to be outraged and offended.

Did you hear about the two gay dads whose daughter got a nasty rejection note for her tie-dye birthday party? Or the homophobic slurs written around an Ivy League college dorm? Or the two lesbians who came outside one day and found homophobic words spray-painted on their garage door?
Thanks to the Internet, the whole nation can be driven to outrage over rude and outrageous events — events that, it turns out, never happened or were perpetrated by the “victims” themselves.
 
***


***Krauthammer: Obama's minimum wage would hurt poor. Of course it would, and he knows it. He, and his liberal/socialist buddies, do not care. If the sound bites and the lies help them retain power, that's all that matters.

***NBC to revisit 20 year old scandal. Remember the Tonya Harding/Nancy Kerrigan scandal? Why does NBC feel the need to bring that up again, in a one hour documentary? They must be really desperate for news. They're doing it on the last night of the Olympics. Dumb decision.

“This is a lame attempt by NBC to inject some more controversy into the Olympics to try to get some of the viewers that skating received 20 years ago,” Dan Gainor, VP of Business & Culture at the Media Research Center told FOX411. "NBC clearly thought it needed to build interest for the close. Instead of focusing on the medal battle for which nation would come in first, it chose cheap soap opera dramatics.”

***


***Have a great day!


Live by the CBO, die by the CBO.
For the second time this month, the independent economic analysts in the legislative branch have delivered a body blow to the Obama administration’s key domestic policies. First, the Congressional Budget Office – often cited by the White House for its more sympathetic analyses of the Affordable Care Act – concluded the law would result in the net loss of the equivalent of 2.5 million full-time workers, setting up the US for slower growth even as Obamacare and other entitlement programs need more workers producing more income to survive. Republicans on the Senate Budget Committee pointed out that it would cut one trillion dollars in compensation from the economy over the next decade.
Democrats pushed back by criticizing early reactions that mischaracterized the CBO report on Obamacare’s impact as job losses (rather than jobs that would otherwise have been created), and claiming success in fighting “job lock.” The White House jumped on that argument, claiming that the CBO report meant “greater job mobility and entrepreneurship.”        
Related: Grim Deficit Outlook in New CBO Report
The loss of production and income, however, is net, which means that even with arguably lower barriers to job mobility, the US economy will see less production and “entrepreneurship.”
Even that fig leaf was stripped away in the latest CBO report on President Obama’s economic agenda. Obama had demanded that Congress act on his proposal to increase the federal minimum wage by 39 percent over the next two years, moving it from its current $7.25 an hour to $10.10 by 2016.
- See more at: http://www.thefiscaltimes.com/Columns/2014/02/20/CBO-Shoots-Arrow-Heart-Obamanomics#sthash.Zb9Od8oi.dpuf
Live by the CBO, die by the CBO.
For the second time this month, the independent economic analysts in the legislative branch have delivered a body blow to the Obama administration’s key domestic policies. First, the Congressional Budget Office – often cited by the White House for its more sympathetic analyses of the Affordable Care Act – concluded the law would result in the net loss of the equivalent of 2.5 million full-time workers, setting up the US for slower growth even as Obamacare and other entitlement programs need more workers producing more income to survive. Republicans on the Senate Budget Committee pointed out that it would cut one trillion dollars in compensation from the economy over the next decade.
Democrats pushed back by criticizing early reactions that mischaracterized the CBO report on Obamacare’s impact as job losses (rather than jobs that would otherwise have been created), and claiming success in fighting “job lock.” The White House jumped on that argument, claiming that the CBO report meant “greater job mobility and entrepreneurship.”        
Related: Grim Deficit Outlook in New CBO Report
The loss of production and income, however, is net, which means that even with arguably lower barriers to job mobility, the US economy will see less production and “entrepreneurship.”
Even that fig leaf was stripped away in the latest CBO report on President Obama’s economic agenda. Obama had demanded that Congress act on his proposal to increase the federal minimum wage by 39 percent over the next two years, moving it from its current $7.25 an hour to $10.10 by 2016.
- See more at: http://www.thefiscaltimes.com/Columns/2014/02/20/CBO-Shoots-Arrow-Heart-Obamanomics#sthash.Zb9Od8oi.dpuf
Live by the CBO, die by the CBO.
For the second time this month, the independent economic analysts in the legislative branch have delivered a body blow to the Obama administration’s key domestic policies. First, the Congressional Budget Office – often cited by the White House for its more sympathetic analyses of the Affordable Care Act – concluded the law would result in the net loss of the equivalent of 2.5 million full-time workers, setting up the US for slower growth even as Obamacare and other entitlement programs need more workers producing more income to survive. Republicans on the Senate Budget Committee pointed out that it would cut one trillion dollars in compensation from the economy over the next decade.
Democrats pushed back by criticizing early reactions that mischaracterized the CBO report on Obamacare’s impact as job losses (rather than jobs that would otherwise have been created), and claiming success in fighting “job lock.” The White House jumped on that argument, claiming that the CBO report meant “greater job mobility and entrepreneurship.”        
Related: Grim Deficit Outlook in New CBO Report
The loss of production and income, however, is net, which means that even with arguably lower barriers to job mobility, the US economy will see less production and “entrepreneurship.”
Even that fig leaf was stripped away in the latest CBO report on President Obama’s economic agenda. Obama had demanded that Congress act on his proposal to increase the federal minimum wage by 39 percent over the next two years, moving it from its current $7.25 an hour to $10.10 by 2016.
- See more at: http://www.thefiscaltimes.com/Columns/2014/02/20/CBO-Shoots-Arrow-Heart-Obamanomics#sthash.Zb9Od8oi.dpuf

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