BZ
10 Top Reasons why an empty chair is better than Obama:
Tag Archives: you didn’t build that
Obama & Bernanke: the definition of insanity
Let’s see if I can follow this, from — of all places — CNBC:
Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates
The Federal Reserve fulfilled expectations of more stimulus for the faltering economy, taking aim now at driving down mortgage rates until an improvement in unemployment that the central bank says will be a problem for several years.
Let’s see:
QE1 didn’t work.
QE2 didn’t work.
What to do? That’s right, QE3!
Then, on top of that, let’s leave QE3 completely “open ended“!
Brilliant!
What’s that definition of insanity, again?
BZ
P.S.
Thank you ever so kindly for guaranteeing another recession, coneheads. Businesses aren’t hiring and the economy isn’t moving because the interest rates are too high, you idiots! Businesses aren’t hiring because there’s little demand, they are over-regulated and taxed, fear ObamaKare and fear CapNTax! Businesses want stability, not uncertainty!
Chicago teachers strike: want a 16% wage increase
[CTU President Karen Lewis makes a poor argument that Chicago teachers are starving.]
I create this post with my caveat:
I am a member of an association that has its roots in unions. Mine has been a “closed shop” for a number of years, which means that I have no voice in where my dues go, nor do I have an ability to stop my dues. With one exception: I can shuttle my dues over to our law enforcement chaplaincy, which I have done. When I was in Homicide, I saw the Good Works that our LE chaplains did on a daily basis.
That said, I first made $5.79 an hour whilst a Fornicalia deputy sheriff in a coastal county in 1978. And that coastal county had (and still has) one of the highest costs in the state for housing. That wage also included my premium hourly 25-cent “shift differential” for working graveyards.
I never entered law enforcement to cut the proverbial fat hog. I lived month-to-month for, literally, two decades at work. Whatever wage or benefit issues were acquired due to negotiations were such that both sides of the table agreed to it.
In the very best of years, I perhaps acquired a 3% to 5% increase — in the 90s.
In Chicago, however, the city teachers have clearly gone “off the rails.”
Apparently the teachers, identical to Mr Obama, are “tone deaf” in re the tenor of the times.
Chicago: the city where Rahm Emanuel is Mayor. The city that spawned Barack Hussein Obama as a community organizer. The city that embraces William Ayers, Bernardine Dohrn, Reverend Jeremiah Wright, Tony Rezko, Reverend Michael Pfleger.
The city that has a higher murder rate than New York. The city that has Draconian gun laws.
Chicago: the city where its teachers want a 16% increase in wages. In 2012! A raise that the teachers turned down. City of Chicago teachers already have the highest average salary in the entire nation. Even more than Fornicalia. That in itself is amazing.
Chicago teachers average $76,000 per year prior to the addition of benefits.
For — dare I portray the obvious here — three months OFF per year.
Frankly, I don’t think even the CEO of Exxon-Mobil acquired a 16% raise this year.
BZ
P.S.
9/11 has been over-done. I’ll let others make that post today.
Obama’s going down in November, and here’s why:
And his team is lying about it: “it’s the weather,” they bleat.
Right. Here, John Sununu nails things down.
Then there’s the God and Palestine issue. The original language of which Obama approved. Putting God and Palestine back into the platform resulted in Demorat “boos.” Right. It’s time to “boo” God. Perfect.
They’re even scrambling for the proverbial “balloon drop.” How sad indeed.
Frankly, things are just falling apart in the Obama Camp. It’s like an Our Gang comedy on steroids.
Only with a $16 TRILLION DOLLAR deficit. A THIRD of which is Mr Obama’s fault and responsibility.
The coming Bob Woodward book isn’t helping things.
Then there’s that troubling Gallup poll with Mr Obama at a 47% disapproval rating. The LOWEST ever.
Meanwhile, back at the ranch, on Mr Obama’s watch: the US continues to slip down the rankings of global competition.
Thanks, Barry.
I submit this to you sir: you have NO idea how you’re about to be slammed in November.
BZ
Bain Capital: so bad that Demorats and public unions invest with them
Imagine that there are public sector unions placing their cash — now — with Bain Capital:
* Illinois Municipal Retirement Fund ($2.2 million)
* Indiana Public Retirement System ($39.3 million)
* Iowa Public Employees’ Retirement System ($177.1 million)
* The Los Angeles Fire and Police Pension System ($19.5 million)
* Maryland State Retirement and Pension System ($117.5 million)
* Public Employees’ Retirement System of Nevada ($20.3 million)
* State Teachers Retirement System of Ohio ($767.3 million)
* Pennsylvania State Employees’ Retirement System ($231.5 million)
* Employees’ Retirement System of Rhode Island ($25 million)
* San Diego County Employees Retirement Association ($23.5 million)
* Teacher Retirement System of Texas ($122.5 million)
* Tennessee Consolidated Retirement System ($15 million)
Imagine that leading universities have also profited from Bain’s expertise. According to “Infrastructure Investor,” Bain Capital Ventures Fund I (launched in 2001) managed wealth for “endowments and foundations such as Columbia, Princeton and Yale universities.”
Imagine that according to BuyOuts magazine and S&P Capital IQ, Bain’s other college clients have included Cornell, Emory, the Massachusetts Institute of Technology, Notre Dame and the University of Pittsburgh. Preqin reports that the following schools have placed at least $424.6 million with Bain Capital between 1998 and 2008:
* Purdue University ($15.9 million)
* University of California ($225.7 million)
* University of Michigan ($130 million)
* University of Virginia ($20 million)
* University of Washington ($33 million)
Imagine that here’s where the provincial capital funds meet the road:
“The scrutiny generated by a heated election year matters less than the performance the portfolio generates to the fund,” California State Teachers’ Retirement System spokesman Ricardo Duran said in the Aug. 12 Boston Globe. CalSTRS has pumped some $1.25 billion into Bain.
Major, center-left foundations and cultural establishments also have seen their prospects brighten, thanks to Bain Capital. According to the aforementioned sources, such Bain clients have included the Charles Stewart Mott Foundation, the Doris Duke Foundation, the Metropolitan Museum of Art, the Ford Foundation, the Heinz Endowments and the Oprah Winfrey Foundation.
And yet, Bain Capital is the Source of All Evil — ??
Unless, of course, you’re making profits from Bain Capital.
Fact-check my information here, from the New York Post.
BZ