Posted on 1 Comment

Space X gets ready for lift off with Dragon V2 spacecraft

346_lost-in-space_cast

Space X gets ready for lift off with Dragon V2 spacecraft

Space X has taken another step towards its goal of space travel by launching (not literally) its Dragon V2 craft to the world from its design and manufacturing facility in Hawthorne, California.

Compared to the rockets of old, and the shuttles of yesteryear, the Dragon V2 could be described most flatteringly as ‘stocky’, but it’s this craft that is a key factor to the next generation of space exploration.

The technology in version two of the craft means that it will be able to land vertically on solid land (not simply decelerate and plop into the ocean); will carry 7 passengers and has other heat protective and life-support measures.

https://www.develop3d.com/blog/Space-X-gets-ready-for-lift-off-with-dragon-v2-spacecraft

Posted on 5 Comments

Yes, Record, It’s Sort of Your Fault!

no_news_theridgewoodblog.net_1-225x3001

file photo Boyd Loving

Yes, Record, It’s Sort of Your Fault!
May. 30 
By Matt Rooney | The Save Jersey Blog

Have you read the breathlessly-reported news concerning twenty-seven Christie staffers earning significant raises over the past two months, Save Jerseyans?

Lame. I know. And more than a little sensationalized giving everything that’s going on right now.

For starters, I’m always skeptical of these stories because they usually lack context. Back in 2010, the AP embarrassed itself by claiming that Christie had increased staff salaries over Jon Corzine’s administration by $2 million; the actual number was $440,000 which works out to (buried at the bottom of the correction) approximately $4,286 per employee… ($75,726 vs. $71,440).

Oops.

That relatively modest salary uptick (a little less than 6% per staff member) could easily be explained by cost of living adjustments, but the media rushed to judgment in an effort to land an early punch on a newly-minted Republican governor.

What else is new, right?

The reliably liberal Record also never misses an opportunity to tie a negative story about a Republican to some kind of ideological point that’s almost completely unrelated to the instant story line:

“The raises come as Christie is withholding more than $2.4 billion in payments to the state pension fund because of revenue shortfalls. And Christie has delayed a property tax relief program that averages nearly $500 for seniors and some families.”

They’re not alone. NJ.com reported it the same way. Barf.

Where’s the Fourth Estate’s ability to provide perspective? Or have they abandoned the pretense of caring about providing readers with perspective? I hate to be a buzz kill, guys, but how does a few hundred grand (at most) in salary increases for dozens of people compare to the REAL issues – multi-billion dollar issues – driving New Jersey’s fiscal woes? For starters, the Democrat Assembly’s unwillingness to renew an arbitration cap without which we’re looking at BILLIONS of dollars in property tax increases?

It’s also hard to avoid the irony behind the much more interesting process story here: the extent to which Bridgegate (a story for which the Record expected to win a Pulitzer prize) is making it infinitely harder for the Governor to retain staffers than back in January before the story broke and his presidential future seemed brightest.

– See more at: https://savejersey.com/2014/05/christie-staff-salary-media-bergen-record/#sthash.pjRgr5PW.dpuf

Posted on 1 Comment

Graydon Pool in Ridgewood opens for season on Saturday

Graydon1001_theridgewoodblog.net_

Graydon Pool in Ridgewood opens for season on Saturday

MAY 30, 2014    LAST UPDATED: FRIDAY, MAY 30, 2014, 12:31 AM
BY LAURA HERZOG
STAFF WRITER

With opening day coming up this Saturday, the 2014 season at Graydon Pool promises to offer pool-goers several new attractions.

This year, members will be able to access the pool via a new Americans with Disabilities Act-compliant ramp, which runs alongside an existing stone wall near the pool’s snack stand.

In addition to the ramp, the Parks and Recreation Department is now offering an adaptive aquatics class for children with special needs, through a collaboration with Mayor Paul Aronsohn and the local Community Access Network group representing those with disabilities.

“I think that we’ve just made the facility accessible and available to all residents, including sensitivity to special needs,” said Nancy Bigos, deputy director of the parks department. “I think that Graydon is really an incredible, special place and I think it has a lot to offer our residents just in the sense of community, and socialization and play.”

In addition to the adaptive aquatics class, there will be a new “introduction to diving” class and three new adult classes: an introduction to swimming for adults, an aquatic fitness program and water aerobics.

– See more at: https://www.northjersey.com/community-news/swimming-season-starts-saturday-graydon-pool-1.1026259#sthash.kYwzMD7R.dpuf

Posted on Leave a comment

Common Core critics speak out at forum in Ridgewood

Children_of_the_Common_Core

Common Core critics speak out at forum in Ridgewood

MAY 29, 2014    LAST UPDATED: THURSDAY, MAY 29, 2014, 3:50 PM
BY LAURA HERZOG
STAFF WRITER

Christopher Tienken, an assistant professor of education administration at Seton Hall University, questions why some local control in education is being taken away.

This is why he studies standardized school reform, and why he came to Ridgewood High School (RHS) to speak on Tuesday.

“What I see is a whole lot of ‘one size fits all,’ trying to make everyone the same at the end of the day,” Tienken said. “These standards might be great for some. They might propel some schools forward. But that issue should be a local decision.”

Invited by Ridgewood resident and mother Terry Anzano to speak, Tienken gave a presentation titled “Standardized Schooling: Is It Necessary? Is It Effective?” to about 40 parents on Tuesday in the RHS library. Principal Tom Gorman, Assistant Principals Jeff Nyhuis and Basil Pizzuto, Board of Education (BOE) trustee Christina Krauss, Ridgewood Education Association president and RHS social studies teacher Michael Yannone, and a few other teachers also attended.

The presentation was about myths surrounding the national education standardization movement, including controversial mandates known as the Common Core State Standards, which will replace testing standards in New Jersey and 43 other states.

The debate over these standards, which were created by a group of individuals representing both the National Governors Association and the Council of Chief State School Officers, has become a well-known – but still confusing – subject.

New Jersey adopted the standards, which Gov. Chris Christie supports, in 2010. Ridgewood educators, who still design their own curriculums, completed any needed alterations to align lessons to the benchmarks. The district has also implemented a new, more involved teacher evaluation system that replaced Ridgewood’s old system, which administrators supported.

– See more at: https://www.northjersey.com/news/education/common-core-critics-speak-out-at-forum-in-ridgewood-1.1025976#sthash.lhaVWXTo.dpuf

Posted on Leave a comment

Dog License Information – Month of June

Vicious_dog_theridgewoodblog.net_-225x300

Dog License Information – Month of June

DOG LICENSE INFORMATION

The Ridgewood Health Department would like to remind residents –

2014 dog license renewals are due during the month of June. A $20 late fee will be charged for all renewals received after June 30, 2014. 

The health department will be sending renewals via email. If you do not have an email address please call our office and request a renewal to be mailed to you. Renewal applications may also be obtained by visiting our website at www.ridgewoodnj.net or coming in person to the Ridgewood Health Department, 131 North Maple Ave. The office hours are Monday to Friday from 8:30 am until 4:30 pm. Please call 201 670-5500 ext. 503 with questions.

New Jersey law requires owners of all dogs seven months of age or older to be registered with the town they live in. In order for the license to be issued, the owner must present proof that a licensed veterinarian has vaccinated the dog against rabies and that the duration of immunity from that vaccination does not expire before May 1, 2015. To receive the discount for a spayed or neutered pet, proof must also be provided.

In conjunction with the rabies clinic, the Responsible Pet Ownership Committee will also be facilitating free micro-chip implantations and registration to the first 75 dogs at the clinic. Please direct any questions regarding the micro-chipping to Jeffrey Ball at [email protected]

1-800-PetMeds Private Label

Posted on Leave a comment

Fate Uncertain for Bills Aimed at Slowing Down Switch to New State Testing

cottage_place_theridgewoodblog.net_21

Fate Uncertain for Bills Aimed at Slowing Down Switch to New State Testing

It’s a big question in New Jersey education circles these days: What is happening with legislation and other efforts to slow down the full implementation of new online testing and the attendant educator evaluations.

And the short answer at this point appears to be — stay tuned.

The chief sponsor of the bill in the Assembly said yesterday that she is still hopeful it will be posted for a full vote in the lower chamber, even after it was passed over for the last voting session.

“I would hope to have it posted,” said state Assemblywoman Mila Jasey (D-Essex) yesterday. “I think there are a lot of people who would like to see it happen.”

And the likely sponsor of a companion bill in the Senate said he, too, had high hopes — but also wasn’t sure next steps. And the likely sp

“I’d like to see at least a discussion about it,” said state Sen. Jeff Van Drew (D-Cape May).

But there does not seem to be much wavering from the Christie administration, at least for the time being, raising doubts as to whether a bill, if ever passed, would have a chance of being signed by Gov. Chris Christie. (Mooney/NJSpotlight)

https://www.njspotlight.com/stories/14/05/28/fate-uncertain-for-bills-aimed-at-slowing-down-switch-to-new-state-testing/

Posted on Leave a comment

The Ridgewood Taxpayers’ Association is looking to reactivate

Ridgewood_-Village_Hall_theridgewoodblog.net_17

The Ridgewood Taxpayers’ Association is looking to reactivate

The Ridgewood Taxpayers’ Association is a non-profit corporation organized in the state of New Jersey in 1993 .

The purposes of the Ridgewood Taxpayers’ Association are as follows :

*To monitor and analyze of the Village and Board of Education ;

*To provide recommendations to the Village and BOE on how to operate
on a cost effective basis ;

*To monitor the actions taken by the state of New Jersey , Bergen County
the BOE and any governmental entity which has or may have an impact
on the taxes of the Village of Ridgewood ;

*To provide information to the citizens of the Village of Ridgewood on
the operation of their government and costs associated therewith :

*To promote local, regional and state legislation for the fair
taxation of Ridgewood residents ;

*To evaluate candidates for public office .

Membership is available to residents of Ridgewood or anyone who
maintains a business address in the Village of Ridgewood .

The Ridgewood Taxpayers’ Association is looking for Board Members and
those interested should email there resume and a short cover letter to: [email protected]

1-800-PetMeds Private Label

Posted on 3 Comments

Are we all racist now?

gillian-duffy_2924769b

Four years ago in Rochdale, when Gillian Duffy challenged Gordon Brown on immigration, the affronted prime minister shied away and muttered darkly about that ‘bigoted woman’. It is quite clear now who was the big

Are we all racist now?

As a survey of British social attitudes reveals a shocking upturn in prejudice, Allison Pearson argues that the political elite’s desire to advance multiculturalism with mass immigration has backfired…..

That was two months ago, and I wish I were more surprised to learn that a new British Social Attitudes survey has found that more than a third of Britons admit they are racially prejudiced. Prejudice fell to an all-time low in 2001, but the latest figures show that the problem has returned to the level of 30 years ago. More than 90 per cent of those who say they are racist want to see immigration halted. More interestingly, 72 per cent of those who do not consider themselves racist also want to see immigration cut drastically.

As shell-shocked politicians from the main parties struggle to discern the causes of Ukip’s deafening electoral success, here’s a tip: look in the mirror, chaps! It is politicians, not the British people, who are to blame for a resurgence in racism; politicians who have ignored public opinion and created the conditions in which resentments fester and grow. Specifically, though not exclusively, it is New Labour who welcomed workers from the new, accession countries of the EU at a time when countries such as France and Germany wisely exercised their right to keep them out for another seven years. According to Jack Straw, this was a “spectacular” error. And Jack should know, because he was Home Secretary at the time. The plan of Tony Blair’s government, as laid bare by Andrew Neather, then a Blair speechwriter, was to banish that old, hideously white, retrograde England and usher in a new, vibrant, multicultural country which, rather conveniently, would vote Labour. Mr Blair now works in international conflict resolution, having stored up enough conflict in his homeland to keep future generations busy for centuries.

https://www.telegraph.co.uk/news/uknews/immigration/10860492/Are-we-all-racist-now.html

Posted on Leave a comment

Jorge Ramos: Reporters ‘Cozy with Power,’ Act Like They’re in a Club

jorge-ramos

Jorge Ramos: Reporters ‘Cozy with Power,’ Act Like They’re in a Club

by Josh Feldman | 2:28 pm, May 28th, 2014

POLITICO’s Dylan Byers has a profile out todayof Univision/Fusion anchor Jorge Ramos, branding him as one of the most confrontational newsmen out there these days, on the heels of his confronting John Boehner over immigration reform.

And it’s that very issue where Ramos is very comfortable calling out both parties for lack of action. Ramos is also a very outspoken news anchor, a trait which has not done him any favors in Washington. Chuck Todd was asked about Ramos for the profile and simply said, “It’s not about us.” Another reporter who didn’t go on the record took a swipe at Ramos for not understanding the “difference between activism and journalism.”

Ramos, of course, doesn’t see it that way, and the way he views it, it’s the establishment reporters in Washington who are falling behind when it comes to doing journalism right.

“You turn on the TV, and you see very bland interviews. Journalists in the United States are very cozy with power, very close to those in power. They laugh with them. They go to the [White House] correspondents’ dinner with them. They have lunch together. They marry each other. They’re way too close to each other. I think as journalists we have to keep our distance from power.”

“I’m not seeing tough questions asked on American television,” he added later. “I’m not seeing those correspondents that would question those in power. It’s like a club. We are not asking the tough questions.”

Ramos has been critical of Republicans who haven’t prioritized immigration reform and Democrats likePresident Obama who have yet to deliver on their promises. And Ramos’ hard-hitting interview withRahm Emanuel earned him praise from Matt Drudge as “the last journalist standing.”

https://www.mediaite.com/online/jorge-ramos-reporters-cozy-with-power-act-like-theyre-in-a-club/

Posted on Leave a comment

Senate Candidates Spar in Wyckoff

12018183-large
Senate Candidates Spar in Wyckoff
May 27th 2014
the staff of the Ridgewood blog

Wyckoff  NJ, Jeff Bell , Brian Goldberg , Murray Sabrin  Candidates for Senate ,looking to unseat Cory Booker  spoke at the Larkin House in Wyckoff last night hosted by the West Bergen Tea Party.

unnamed-3

Jeff Bell focused on Restoring Middle Class Prosperity , saying there was now NO Future for our grandchildren.

America was founded on the idea that hard work gets you ahead. But that social contract has withered away owing to dysfunctional government policy that favors the wealthy while necessitating huge budget deficits to provide a safety net large enough to support those left behind. Despite advances in technology that have improved the standard of living, it has become harder for working people to support a family and for young people to establish a career. The next U.S. Senator from New Jersey must be a tireless advocate for solutions that restore the middle-class prosperity that was once a hallmark of this nation.

The most important hindrance to middle-class prosperity is the condition of the U.S. dollar. Since 1994 it has lost over one-third of its value, and lost 10 percent in the last five years alone since the Federal Reserve began its “Quantitative Easing” program of creating new dollars. The effect of rising prices is felt everywhere: at the grocery store, the gas pump, in medical costs, and school tuition.

Instead of serving the people, our money serves the federal government, whose trillion-dollar borrowing is the main cause of the Fed’s money creation. To restore the money supply in the hands of the people, we need a dollar whose value is backed by gold. Read my specific plan to do that. The gold standard, which stabilized the dollar under various iterations through most of U.S. history, is the proven way to encourage stable long-term prices and preserve limited government. This is why the Constitution in Article I, Section 10 directs Congress to “coin money” and “regulate the value thereof.”

While Washington has gotten free financing from the Fed, families planning for college, retirees living on a fixed income, and everyone else hoping to earn a decent return on their savings rather than speculating in the markets have fallen behind. It is a travesty that our monetary policy has deprived seniors, parents, and savers in billions of income so Congress can rack up more debt.

This is the direct result of the Fed’s policy of near zero interest rates, now in its sixth year. The suppression of interest rates below the market level has also broken down the traditional banking system, in which small businesses borrow from their local banks. The total value of all small bank business loans is approximately half of what it was when “zero interest rates” was adopted. Now, neighborhood standbys like hair salons and restaurants are forced to seek alternative forms of credit like cash advance loans that often come with 50 percent effective interest rates.

unnamed-4

Brian Goldberg focused on his electability saying  his “positive message” and business experience could lead him to defeat Booker. He questioned whether Booker, who once lived by choice in a Newark housing project, can relate to the average Garden State resident.

Promoting the concept of Empowerment, not Entitlement, Mr. Goldberg brings a positive message to the race.

Goldberg said as a businessman,he has practical experience in the areas that matter most to NJ voters.He’ll combine that experience with his business experience to seek Win-Win solutions to the nation’s biggest challenges, providing NJ with a new voice in Washington.

Murray Sabrin focused on his back ground and how he arrived in America with his parents and older brother on August 6, 1949. His parents were the only members of their respective families to survive the Holocaust.

Rather than submit to the authoritarian regime of National Socialism, Murray’s father led a group of 241-armed partisans in Poland, and included the famed postwar Nazi hunter and writer Abba Kovner. The tragedy and triumph of Murray’s family has taught him to revere human life and hold dear those freedoms in our Bill of Rights — especially the right of citizens to protect themselves under the Second Amendment.

unnamed-5

Murray Sabrin became a U.S. citizen in 1959 at age 12, and graduated from the Bronx High School of Science in 1964. He has a Ph.D. in economic geography from Rutgers University, an M.A. in social studies education from Lehman College and a B.A. in history, geography and social studies education from Hunter College.

His personal experience allowed him to see the dangers of big government  and make him what he called himself New Jersey’s foremost defender of economic freedom and individual liberty. For three decades he has been fighting to end harmful government intrusion into our lives. 

Like the other two he focused on how the U.S. economy is experiencing the worst recovery since the end of World War II.  Despite trillion dollar budget deficits under President Obama and the Federal Reserve’s unconscionable money printing known as Quantitative Easing, which has dropped interest rates on savings accounts to virtually 0%, America’s real unemployment rate is more than 20%, according to some economists.  In other words, the federal government’s fiscal and monetary policies have not “stimulated” the economy.

America’s free enterprise system has been replaced by crony capitalism–bailouts of Wall Street and politically connected firms, and subsidies to inefficient businesses. We need to return to a free market economy across the board so we can enjoy the fruits of a prosperity based on real savings and investments.

He then spoke on NSA spying ,and IRS Targeting and the growing threats to our Constitutional rights Saying the real threat to our rights is from the Obama administration, and he will work tirelessly in the United States Senate to repeal every law that infringes on the American people’s constitutional rights guaranteed in the Bill of Rights.

Posted on Leave a comment

Facebook: new app feature listens to users’ conversations.

facebook-lg1

Facebook: new app feature listens to users’ conversations.

Facebook just announced a new feature to its app, which will let it listen to our conversations through our own phones’ microphone. Talk about a Big Brother move.

Facebook says the feature will be used for harmless things, like identifying the song or TV show playing in the background, but it actually has the ability to listen to everything — including your private conservations — and store it indefinitely.

Not only is this move just downright creepy, it’s also a massive threat to our privacy.This isn’t the first time Facebook has been criticized for breaching our right to privacy, and it’s hoping this feature will fly under the radar. No such luck for Facebook. If we act now, we can stop Facebook in its tracks before it has a chance to release the feature.

Tell Facebook not to release its creepy and dangerous new app feature that listens to users’ conversations.

Facebook says it’ll be responsible with this feature, but we know we can’t trust it.After all, just a few months ago Facebook came under fire for receiving millions of dollars for working with the National Security Agency’s PRISM, a wide-scale and highly controversial public electronic data surveillance program — something its CEO Mark Zuckerberg initially denied. This is also the company that lied about its now-scuttered Beacon program — an advertisement system that sent our “private” data from external websites to Facebook.

It seems like every few months, there’s another big Facebook privacy scandal, and yet the social media giant is pushing this new app anyway. Why? The information it gathers by listening to its 1.2 billion users worldwide can be sold for huge profits to advertisers and corporations looking for better information on consumer tastesand preferences.

Facebook is acting in the best interests of its bank account, not its users. This has gone too far – we have to stop it now.

Facebook: This is an extreme invasion of your users’ privacy. Do not release this new feature, and do not listen to us through our phones’ microphones.

Posted on Leave a comment

Piketty’s Questionable Data

PARIS:Thomas Piketty, economiste,sur le plateau LCI

Thomas Piketty (Photo: IBO/SIPA/Newscom)
Piketty’s Questionable Data
Salim Furth, Ph.D
May 27, 2014 at 1:36 pm

Thomas Piketty made some questionable choices in adjusting and presenting the data that underlies his bestselling economics tome, “Capital in the Twenty-First Century.” Chris Giles, economics editor of the Financial Times newspaper, published a detailed list of apparent fudges in Piketty’s data.

Giles’ most explosive accusation is that Piketty chose data sources that were friendliest to his own preconceived ideas. For example, both the United States and the United Kingdom have two potential data sources for wealth: estate tax records and surveys of living households. In the U.S., Piketty uses the household survey, which showed rising wealth concentration. But in the U.K., he chose to use the inferior-quality estate tax data, which also showed rising wealth concentration. If he’d flipped both choices, he would have found falling inequality in the U.K. and steady inequality in the U.S. Giles is correct when he says, “Choices matter.” Giles’ estimates of U.K. wealth inequality in recent ecades are much lower than Piketty’s, and Piketty will need to defend his choices if we are to believe that U.K. wealth inequality has been rising.

Piketty presents data showing that wealth inequality rose slightly in Sweden from 2000 to 2010. But his “2000” data point actually is 2004 data, and his “2010” data point actually is an average of 2005 and 2006. When Giles used the data from 2000, he found that inequality actually fell slightly from 2000 to 2006 (the last year available). Perhaps Piketty had a good reason to use the years he did, but he has not offered an explanation.

These questionable choices have been reported as “errors” or “mistakes,” but the questions about Piketty’s data pertain to the choices he made, not the minor goofs. Historian Phillip Magness presents Piketty’s summary data on U.S. wealth inequality alongside its pre-1970 source. The graphs tell very different stories. Perhaps Piketty’s adjustments were valuable and moved the data in the right direction. But it is incumbent on Piketty to explain those adjustments, and it is incumbent on the reader to understand that the data was uncertain and incomplete to begin with and then was adjusted as the author believed necessary.

Even the best data on wealth distributions is uncertain. One of Piketty’s central ideas is that the amount and concentration of wealth has been rising steadily since 1980. He contends that the same economic forces are at work now and he projects the recent changes into the future. But if there is substantial uncertainty about each estimate and disagreement among data sources, then “trends” are highly subjective. As Yogi Berra may have said, “Predictions are hard to make, especially about the future.”

So how should we read Piketty? As others have noted, Capital can be divided into three components: history, prediction and prescription. One can believe the history without agreeing with Piketty’s predictions about the future. And if Piketty’s predictions are correct, he’s still wrong to prescribe brutal, confiscatory taxation, because that would increase poverty and lower wages, especially in poor countries.

What is at stake in Giles’ critique is Piketty’s account of history. Piketty’s story makes broad claims about global trends in the 19th and 20th centuries. If the trends turn out to depend on making specific choices, interpolations and adjustments in his collection of data, then we might have to conclude that predictions are hard to make, even about the past.

https://blog.heritage.org/2014/05/27/pikettys-questionable-data/?utm_source=facebook&utm_medium=social

Posted on Leave a comment

The Economic History Lessons We Never Learned

OBAMA AND ECONOMY

The Economic History Lessons We Never Learned
Stephen Moore
May 27, 2014 at 12:00 pm

Are conservatives going to allow liberals to rewrite the history of the Great Recession, just as they so successfully did in writing the fictitious account of the Great Depression, which now appears in almost every American history text?

The central message of former Obama Treasury Secretary Tim Geithner in his new book “Stress Test,”  is that the bank bailouts and the Obama stimulus plan saved us from a second Great Depression.  President Obama recites that same line in nearly every speech he delivers.

This is what we call a  counterfactual – what might have happened if we hadn’t done what we did.  The left loves  counterfactuals, because – like “climate change” – they are impossible to refute.  No one can say for certain what would have happened in some parallel universe.

But getting the story right on this episode of history is a critical issue for American economic policy going forward.  We let the left write the history books on the Great Depression and it was an Aesops Fable. Most Americans, my 12-year-old included, are taught that FDR’s New Deal ended the Great Depression and moved millions of Americans out of misery.

Actually as Amity Shlaes shows in her classic book “The Forgotten Man,” and Burt Fulsom in “New Deal or Raw Deal” nearly every government regulatory bureau and spending program conceive during the Great Depression only lengthened the misery and disrupted the normal healing powers of a free economy. Eight years after the New Deal was launched, the unemployment rate was still in double digits, and it was not until the start of World War II, when millions of young men were put in military uniform and the nation mobilized for a global war, that the Depression ended.

Which brings us to the Great Recession in 2008 and its aftermath. What is highly inconvenient for apologists for the Obama blitzkrieg of government programs and debt in 2009 and 2010 is that at the start of his presidency, Barack Obama laid out his own counterfactual of what would have happened without the deluge of federal spending and debt.

According to the White House’s own calculations, the economy would have been better off today if the government had done nothing, rather than borrow and spend $6 trillion. The unemployment rate WITHOUT the stimulus was expected to be 5 percent today. Instead it is 6.3 percent and in reality closer to 10 percent.

Another way to put this is that if the labor force had not declined AND we had the 5 percent unemployment rate Mr. Obama says we would have had without the stimulus, there would be at least 10 million more Americans working today.

So, considering we are still 10 million jobs short and $6 trillion further in debt, here is another counterfactual to ponder: How much faster would the economy be growing today if we didn’t have the carrying cost of $6 trillion in debt to contend with? Think if we had used this money to finance a 21st century tax reform or for transitioning Social Security to a fully funded personal account system that has real assets building up each year, not a vault full of IOUs.

All this is important to remember as Geithner takes his faux victory lap around the country patting himself on the back for pulling America out of the financial abyss.

President Obama’s first chief of staff, Rahm Emanuel, let the cat out of the bag in the earliest days of the new administration by saying the president should never let a crisis “go to waste.” This burst of honesty was an admission that the left used the financial crisis as an excuse to do all the things it had wanted to do for years — redistribute trillions of dollars to their voters, reregulate the economy, build massive green energy projects, refinance the Great Society welfare state, rescue the unions with auto bailouts, print money in the trillions, and when the economy fails to perform, blame it all on George W. Bush.

The real story of the financial crisis of 2008 was a massive real estate bubble facilitated by easy money from the Fed, government policies through entities such as Fannie Mae and Freddie Mac that underwrite risky mortgage loans with near 100 percent loan guarantees, a Congress and White House that as Barnie Frank once famously put it “rolled the dice” on the housing market, and private banks, investors and home owners who got caught up in a speculation frenzy.  Then we asked the bad actors such as Barney Frank to fix it. And now we’re repeating all those inane mistakes once more, with government again guaranteeing 90 percent of new mortgages, many with recklessly low down payments.

Here we go again.  When we let the left write the history books, we never ever seem to learn from our mistakes.


https://blog.heritage.org/2014/05/27/economic-history-lessons-never-learned/?utm_source=facebook&utm_medium=social

Posted on 1 Comment

The Intellectual Dishonesty of Obama and Other False Purists

images-1

The Intellectual Dishonesty of Obama and Other False Purists
By Ron Fournier


Yes, the GOP is obstinate. We get it. But assigning the White House some blame is no false equivalence.

To voters angry at Washington, President Obama has an explanation for the deepening of gridlock, incompetence, and zero-sum gain thinking during his five-plus years in office: It’s not his fault.

Not that finger-pointing solves anything, but Obama wants you to know that it was Republicans and the media who put his presidency on ice. At a fundraiser in Chicago on Thursday night, Obama said:

“You’ll hear if you watch the nightly news or you read the newspapers that, well, there’s gridlock, Congress is broken, approval ratings for Congress are terrible.  And there’s a tendency to say, a plague on both your houses.  But the truth of the matter is that the problem in Congress is very specific.  We have a group of folks in the Republican Party who have taken over who are so ideologically rigid, who are so committed to an economic theory that says if folks at the top do very well then everybody else is somehow going to do well; who deny the science of climate change; who don’t think making investments in early-childhood education makes sense; who have repeatedly blocked raising a minimum wage so if you work full-time in this country you’re not living in poverty; who scoff at the notion that we might have a problem with women not getting paid for doing the same work that men are doing.

“They, so far, at least, have refused to budge on bipartisan legislation to fix our immigration system, despite the fact that every economist who’s looked at it says it’s going to improve our economy, cut our deficits, help spawn entrepreneurship, and alleviate great pain from millions of families all across the country.

https://www.nationaljournal.com/politics/the-intellectual-dishonesty-of-obama-and-other-false-purists-20140527

Posted on 2 Comments

Kids Reject Michelle Obama’s “Healthy” School Lunches

130607121010_prison-food

Kids Reject Michelle Obama’s “Healthy” School Lunches
Tiffiny Ruegner
May 24, 2014

Michelle Obama’s new dietary restrictions is so bad that they can’t even GIVE the food away. A million kids have turned away from Obama’s school lunch and schools are feeling the huge hit.

Via The Hill:

More than a million kids confronted by healthier school lunches are turning up their noses, leaving the cafeteria and heading out to get a burger instead.

The difficulty in getting students to eat lower-fat, lower-sodium meals is at the center of a food fight between House Republicans and first lady Michelle Obama that erupted this week.

The Healthy, Hunger-Free Kids Act of 2010, supported by President Obama, requires lunch programs that receive federal dollars to provide healthier meals. The new standards began to go into effect in 2012.  Childhood obesity has spiraled in recent decades, and the first lady has made the fight against it a signature issue. Democrats say stemming the epidemic will cut healthcare costs and keep the armed forces functioning.

But Agriculture Department statistics show the number of school children in the National School Lunch Program dropped from 31.8 million in 2011 to 30.7 million in 2013. School boards are asking Congress to allow schools to opt out. Some schools are raiding their teaching budgets to cover the costs of mounds of wasted fruits and vegetables, Lucy Gettman of the National School Boards Association said.

The dietary restrictions have not actually made the food healthier. They have cut down the amount of food to cut calories which has also cut nutrients to the growing generation. When a body doesn’t have enough nutrients… it craves food more. Give us 10 years and you will see this denying kids food will have exacerbated the obesity problem. What they really needed to do was increase the amount of fresh non packaged food and either increased the food cost or encouraged volunteers over paid employees in the cafeterias for food prep to balance the extra cost for quality food.