UPDATE: Here's a link to the entire speech, courtesy of CNN - Ryan speech
I watched it - along with five minutes of Huckabee and a few minutes of Susana Martinez (very good!), the Governor of New Mexico.
Ryan was excellent. This is off CNN
Now, the comment about the GM plant - note he didn't say Obama closed the plant - the Dems are saying Ryan "lied." Well, he didn't lie. But he did make some obvious points.
Here's the transcript, posted by the AP:
President Barack Obama
came to office during an economic crisis, as he has reminded us a time
or two. Those were very tough days, and any fair measure of his record
has to take that into account. My home state voted for President Obama.
When he talked about change, many people liked the sound of it,
especially in Janesville, where we were about to lose a major factory.
lot of guys I went to high school with worked at that GM plant. Right
there at that plant, candidate Obama said: "I believe that if our
government is there to support you. this plant will be here for another
hundred years." That's what he said in 2008.
as it turned out, that plant didn't last another year. It is locked up
and empty to this day. And that's how it is in so many towns today,
where the recovery that was promised is nowhere in sight.
now, 23 million men and women are struggling to find work. Twenty-three
million people, unemployed or underemployed. Nearly one in six
Americans is living in poverty. Millions of young Americans have
graduated from college during the Obama presidency, ready to use their
gifts and get moving in life. Half of them can't find the work they
studied for, or any work at all.
So here's the question: Without a change in leadership, why would the next four years be any different from the last four years?
The MF Global fiasco - $1.2 billion of missing client money. The latest word is no criminal charges. Want to know about Jon Corzine - CEO, Senator, and NJ Governor? This Vanity Fair feature is the best about him. Jon Corzine' Reckless Gamble
I missed the first few minutes - what I did see I thought was good (I actually tuned in to see Chris Christie - he was good, OK, not great) and she got much better as she went along. "I am the granddaughter of a Welsh coal miner."
Unsurprisingly, Pravda MSNBC panned her speech. CNN thought it was pretty good.
Of course Buffett, one of the great famous investors. Although he hasn't done more then average in the past 15 years or so. Is he right on this? I don't know - but I don't have any clients in long term munis (But short and intermediate - yes).
Good column (published a week ago) on his bailing ... Only read it if you're interested in your money.
In January 2009, the month President Obama entered the Oval Office
and shortly before he signed his stimulus spending bill, median
household income was $54,983. By June 2012, it had tumbled to $50,964,
adjusted for inflation. (See the chart nearby.) That's $4,019 in lost
real income, a little less than a month's income every year.
Unfair, you say, because Mr. Obama inherited a recession? Well, even
if you start the analysis when the recession ended in June 2009, the
numbers are dismal. Three years after the economy hit its trough, median
household income is down $2,544, or nearly 5%.
Add the authors: "The overall decline since June 2009 was larger than
the 2.6 percent decline that occurred" during the recession from
December 2007 to June 2009. For household income, in other words, the
Obama recovery has been worse than the Bush recession.
It's true that the Bush years overall were also not great for
household incomes. According to Sentier's analysis, real median
household income is down about 8% from $55,470 in 2000 before the
dot-com bubble burst. Some of this decline is due to the continuation of
a trend of smaller family size, lower fertility rates and more
Americans living alone. But some was also due to the subpar economic
growth across the 2000s.
That slow growth trend has become worse since the latest recession,
and this is where Mr. Obama is implicated. The President portrays the
financial decline of American families on his watch as part of a
decades-long trend. He's wrong. Real income for middle-income households
rose by roughly 30% from 1983 to 2005, according to the Congressional
Budget Office. The political left likes to blame the ebbing of union
power. But nongovernment unionization fell dramatically in the 1980s and
'90s, and incomes rose.
A little more -
The new income data reveal other eye-opening trends. The group that
has suffered the most during the Obama Presidency has been black
Americans, whose real incomes have fallen by more than 11%.
Mr. Obama also likes to say that government workers like teachers are
hurting and the private economy is doing "just fine." But the data
indicate that over the past three years households with government
workers saw their incomes decline less than households with private
workers. The public-private pay gap is now wider than ever ($77,998
government versus $63,800).
Every age group has seen a decline in income—except the elderly.
Those between the ages of 65 and 75 saw an average 6.5% gain in income,
though most are not working and collect Medicare and Social Security.
Hit the link for the rest of the story - and it's grim.
Armstrong has been immortalized in human history as the first human to
set foot on a celestial body beyond Earth. "That's one small step for a
man, one giant leap for mankind," he radioed back to Earth from the moon
on July 20, 1969.
Armstrong was famous for staying out of fame's spotlight as much as
he could. Some outsiders may have faulted him for his reticence, but not
his fellow astronauts.
"Most of our group in those days could
have accomplished the challenge of the mission," Apollo 7 astronaut Walt
Cunningham told NBC News' James Oberg in an email, "but I do not know a
one that could have handled the resulting notoriety as well as Neil
On Aug. 7, just two days after his 82nd birthday, Armstrong underwent
quadruple-bypass heart surgery after flunking a medical stress test. At
the time, his wife, Carol, reported that her husband was "doing great" — but today the family said complications from that surgery led to his death.
Here’s how Pew opened its summary: “As the
presidential campaign enters its final three months, most voters say
they already know what they need to know to form a clear impression of
the candidates.” When it comes to party affiliation, however, it
appears that one side maintains a clear advantage in terms of knowing
what it needs to know in order to cast an informed vote.
Namely, as referenced above, Republicans outscored Democrats on fully eleven of the twelve tests of knowledge.
By 22 percentage points, Republicans were more
able to identify the party in control of the House, and they outscored
Democrats by double-digits when it came to recognizing Chief Justice
John Roberts and naming Massachusetts as the state where Mitt Romney
served as governor. But Republicans also performed better on questions
relating to Democratic figures and official positions. For instance,
Republicans outscored Democrats 80% to 71% in identifying Illinois as
the state Barack Obama represented in the Senate, and they were even
more able to identify Joe Biden, the Democratic Party’s own Vice
President. The only question on which Democrats outperformed
Republicans, by just 6%, asked, “Which presidential candidate supports
allowing many illegal immigrants who were brought to the U.S. as
children to remain in the country?”
Pew proceeded to say something interesting, which perhaps betrayed its own ideological bias.
Specifically, the knowledge difference between
older and younger voters was essentially the same as the difference
between Republicans and Democrats. Older voters also outperformed
younger voters on eleven of twelve questions, and by an average of 1.3
percentage points compared to the similar .9 differential between
Republicans and Democrats. But Pew described that older/younger
distinction differently. “In general,” Pew stated, “older voters are
better informed about the election than are voters under the age of
This article of course concentrates on the varsity; Tim is going to be moved around on the JV, playing several positions - especially linebacker. He's also likely to be the punter and possibly do the kick-offs.
With five Division I-AA players lost to graduation and two Division
I-A stars lost the year before that, Stepinac would appear to have taken
a step backwards after two of the better seasons in program history. It
would only be natural, but the players aren’t ready to rebuild.
“We just reloading,” senior quarterback Dan Hoffer
said. “It’s not like we’re rebuilding. Everyone’s saying we’re losing a
lot of people, but we have kids who are going to step up. It’s high
school football. People will step up and make big plays.”
And to what extent?
“I expect to be at Yankee Stadium,” Hoffer added. “That’s our expectation and that’s everyone expectation here at Stepinac.”
Yes, it should be called FOXY news. But at least they have brains. On the sister FOX channel, FOX Business, it's strictly hot looks and a couple of yards of cleavage, with brains and business knowledge in short supply. You get the impression they've all been to the Obama School of Teleprompter Reading.
Note to FOX News - you should try to hire Erin Burnett away from CNN.
The latest warning comes from the Congressional Budget Office, which
estimated in its mid-year budget outlook Wednesday that the economy will
return to recession in 2013 if taxes rise and spending falls on
schedule in January. "Such fiscal tightening will lead to economic
conditions in 2013 that will probably be considered a recession," say
the CBO sachems, "with real GDP declining by 0.5 percent" from this
year's fourth quarter to the final quarter of next year and unemployment
rising to about 9% from 8.3%.
Yes, a year of falling output would "probably be considered" a recession, especially if you are one of the 9% jobless.
The study found that, while men drank more during divorce, women upped their alcohol intake while wed.
“We find that unmarried and divorced women actually drink less than
their continuously married counterparts,” Reczek was quoted as saying.
“For men, those who were recently divorced have the highest number of
drinks and men who are married have the lower number.”
That sounds about right to me - I think Romney will get 52-53% ofthe popular vote. The reason he won't do better then that is because many of the people who recognize Obama has been bad news for the economy (and the poor!) still have so much emotional capital tied up in their support for him, that they coudldn't possibly vote against him. But maybe they'll stay home ...
Of course Romney can still blow it.
Berry cautions that just because the model has worked in the past, doesn't mean it will work this time.
The new ebook that came out yesterday ($2.99). It's a very quick read - about 70 minutes. The author is Glenn Thrush, a reporter for The Politico. The title is NOT indicative that Thrush thinks Obama is going the way of George Custer. Simply that it will be his last political campaign.
The weakness of the book is that it's entirely based on Thrush's commentary - his notes, his memory, his recollection of what others told him, or he heard. There are no footnotes or documentation of any kind.
But so what? It's short - I read it on my android phone in two sittings, a total of 70 minutes at most. Good insights into the dynamics of the Obama White House and re-election efforts through this past July. Plenty of sketches of different players - Axelrod, Cutter, Plouffe, etc., as well as some insight into the President - who knew he was an avid card player (prefers Spades to Hearts)?
Strategic mistakes are pointed up, like the failure of the campaign to ramp up fundraising for their own super PACS early on. And tactical mistakes such as rallies at stadiums with lots of empty seats, and the use of DNC Chair Debbie Wasserman Schultz as an Obama surrogate (she was rated the least effective by focus groups, although MSNBC types like her).
The big positive: the President is relentless; he's desperate to win, and he quite despises Romney, who he feels stands for nothing.
So a nice quick read, and I'll be getting the follow-up volume, which will come out after the election, no doubt with sketches of both campaigns in the home stretch - and the postmortem!
No surprises here. There's a long history of blue states (tend to be Democratic) not being as generous as red (tend to be Republican). And also - pathetically - the low givers tend to be Catholic states. For example, Massachusetts is always near the head of the list for non-giving, and the state is 42% Catholic (Full disclosure for anyone who doesn't know, I'm Catholic).
The eight states whose residents gave the highest share of their income — Utah, Mississippi, Alabama, Tennessee, South Carolina, Idaho, Arkansas and Georgia — all backed McCain in 2008. Utah leads charitable giving, with 10.6 percent of income given.
And the least generous states — Wisconsin, Connecticut, Rhode Island, Massachusetts, Vermont, Maine and New Hampshire — were Obama supporters in the last presidential race. New Hampshire residents gave the least share of their income, the Chronicle stated, with 2.5 percent.
“The reasons for the discrepancies among states, cities, neighborhoods are rooted in part in each area’s political philosophy about the role of government versus charity,” the study’s authors noted.
But it’s not just about politics — “religion has a big influence on giving patterns.”
“Regions of the country that are deeply religious are more generous than those that are not. Two of the top nine states—Utah and Idaho—have high numbers of Mormon residents, who have a tradition of tithing at least 10 percent of their income to the church,” the study states. “The remaining states in the top nine are all in the Bible Belt.”
And of course the poster boy for self-centered, cheap SOB's is the "Catholic" vice president -
...no pinstriped fill-in deserves more credit than closer understudy Rafael Soriano, who has only stepped in for a legend by being among the best closers in baseball. Maybe he’s even emerged as the Yankees’ Most Valuable Player.
Hey, no single Yankee is having a monster season, except maybe for Soriano, who finished off the Yanks’ 4-1 victory over the Red Sox Sunday night by getting a double-play grounder with a slider and striking out Adrian Gonzalez after allowing a leadoff single in the ninth inning.
No one is saying, “Mariano who?” But Soriano has been splendid, converting 31 of 33 save chances and holding opposing hitters to a .200 average since replacing the injured Rivera.
... Moore's next goal was to play for Faulkner and its skeptical head football coach, Gregg Baker, 45. "He actually came to us back in the spring," Baker recalls. "One of my assistant coaches brought him to my attention.
"I asked [Moore] point-blank, 'Why are you doing this?' " Baker says. "He said, 'Coach, my biggest thing is to show [Faulkner students] that they should never give up on anything that they start.' "
Moore is working towards completing his degree - started decades ago.
UPDATE: Already and predictably, efforts to rebut the author. Here Naill Ferguson responds to Paul Krugman (an uber-promoter of all things Obama - in fact Krugman thinks the government didn't borrow and spend enough money ...)
Wow. Surprising - although maybe Newsweek thinks they'll sell more magazines (on their way to becoming an all-digital publication, before totally going out of business ...)?
Looking back, many said that having come through the experience, they now felt prepared for anything a violent and unpredictable world might throw at them.
“We went into emergency medicine because we know it’s crazy — you never know what’s going to come through the door,” said Dr. Comilla Sasson, one of two attending doctors in the emergency room that night. “But the thing none of us have gotten over is, we made it through. We really, truly shined.”
April Koehler, the emergency department’s nurse manager, said that for days after the shooting, she woke up in the middle of the night with the urgent feeling she had to go out and help someone — just as she did when her emergency pager went off at 12:56 a.m. that Friday, the message reading simply: “Mass shooting.”
In fact, before Stanford, only a handful of dinosaur tracks had ever been found in Maryland, in much older rocks 100 miles away in a quarry near Emmitsburg. Some of the great dinosaur hunters of the 19th and 20th centuries, including Yale University’s O.C. Marsh, had searched the Washington area and found the bones and teeth of three or four species. But no footprints had ever been found. The iron-rich geology wasn’t right for it. The textbooks said so.
Stanford knew this. In 1994, his three children from a previous marriage were visiting, and his youngest son, then 9, was going through his dinosaur-crazy phase.
One August afternoon, out hunting for Indian arrowheads, Stanford found a flat rock with an impression that looked like three fat toes. The children had been flipping through an illustrated guide to dinosaur tracks, so they were primed: It was the footprint of an iguanodon, a two-legged herbivore.
Read the whole article - a fascinating look at a "character."
Ben Blatt, the research coordinator for the Harvard College Sports Analysis Collective, decided to find out for sure exactly where the Yankee Universe ends and Red Sox Nation begins. Using data from Facebook, he looked at 157 different towns across Connecticut to see what percentage of baseball fans there prefer each team.
It turns out that Hartford isn't quite the halfway point, with 56.6% of fans there supporting the Yankees. (The data only includes people who "Like" the Yankees or the Red Sox on Facebook and disregards people who associate with another team or no team at all.)
As for the true Yankees-Red Sox dividing line, it appears to come down to one of two places: Guilford, a town situated on Interstate 95 about an hour south of Hartford, or Middletown, a city in Middlesex County. Both places are 50.7% Yankee fans—the closest to a 50/50 split that Blatt found. Manchester, a city located 15 minutes east of Hartford, also came close, with 51.1% of fans rooting for the Red Sox.
One other note: More than 262,000 people in Blatt's sample claimed to like both the Yankees and Red Sox, according to a paper outlining his findings.
"If only I had time, I would map out where they live so that every true baseball fan can avoid them," Blatt wrote.
Punitive tax policy had kept the world's fastest man from competing in Blighty for the past three years. Explaining Mr. Bolt's decision to skip a 2010 race in London, his agent told reporters: "He will earn a lot less by competing in Britain if he maintains his current endorsement level." Mr. Bolt competed in Paris that August instead.
Few high earners in other fields would choose France over Britain on tax policy, but athletes are a different story. The British government has granted an exemption to income linked to Olympic and Paralympic competition. But normally Britain takes a cut of an athlete's worldwide endorsement earnings—that means overseas sponsors in addition to those in the U.K.—proportional to the time spent in Britain. By comparison, the U.S. only taxes nonresident athletes on endorsement fees paid by American sponsors. France does the same.
The point - Bolt stands to lose millions in taxes on his sponsorship money to the British government if he runs in Britain.
And Bolt makes millions. As it says in the article "Mr. Bolt's contract with Puma alone is worth $9 million annually".
... So when you ask whether cutting spending or helping the economy is more important, the question doesn't make sense. For most Mainstream voters, one leads to the other.
To gain a sense of how strong this belief is, consider the fact that voters are fairly evenly divided when asked whether they fear the government will do too much or too little to help the economy. At Rasmussen Reports, we asked those who wanted more government intervention what they would like the government to do. Most said cut spending. Overall, 66 percent of voters believe that the best thing the government can do for the economy is to cut spending.
The same dynamic exists when it comes to repeal of the national health care law. Rather than being seen as a diversion from talking about the economy, 43 percent believe repeal would help the economy. Just 27 percent think it would hurt. That's part of the reason most voters consistently support repeal. So, once again, it's not a choice between repealing the health care law and focusing on the economy. They're part of the same plan.