Many times as I read an article I find a few sentences that capture the essence of the piece. In “Phrase-e-ology” I’ll post some thought followed by key phrases. As always I’ll have a link (in blue) to the original article.
The latest episode of Phrase-e-ology is from the business section and was startling in that it seems to be making the case for the sluggish recovery as the “new normal” rather than the direct result of bad economic policy from the Obama White House. As if this is now how we should expect recoveries to unfold. Even as Obama’s economic advisers abandon his ship for academia (they’re much better at theory than reality) the “new normal” may actually be some sub-standard level that he can actually achieve…as long as he can fool the electorate that they are doing better…
It seems like just yesterday that I wrote about how Obama’s Administration and Czars are prodding us back to living like the early days of our nation. Actually that is not true they are prodding us to become like some small European nation even though our country is more vast and our populations are more spread out. Our slow decline into European living took another step today as American Electric Power (“AEP”) announced that in order to comply with EPA emissions standards they will be shutting down five power stations and spending up to $8 billion to upgrade some remaining plants.
A little over two weeks ago I wrote, excitedly, about a potential Republican candidate for president in 2012. Jon Huntsman had resigned as Ambassador to China and started an exploratory committee to seek the GOP nomination. Huntsman seems to have the right credentials for a Republican nod, but a few on the right are already criticizing both his cozy ties with Obama and China. I have pretty much given up on having another Ronald Reagan at the helm of the Republican Party and because I live in Pennsylvania with its late primary election date, the candidates are usually chosen. Huntsman or perhaps more for me his father seemed a likely middle ground.
Just sit right back and you’ll hear a tale,
A tale of a fateful trip
That started from this Mid East port
Aboard a tiny ship
The Obama administration, in yet another example of a long string of leadership failures, has jumped in to the fray to rescue United States citizens stuck in Libya amid the rioting. For this White House the reaction was fairly rapid if not effective as the ship that they chartered to haul away our fellow Americans was far too small to handle the number of people and the rough seas and was unable to leave the port. Could have happened to anyone you say and I suppose that is true, but the Greeks and the Turks had the foresight to get a proper boat. No disrespect to those nations, but we should have done better.
I am not sure whether “Demonomics” is Demon Economics or Democrat Economics. It is probably a distinction without a difference as some of the recent comments by leading Democrats defy logic. I have to wonder how these people not only got as far as they did, but stay in positions of power. Perhaps the biggest example has been how the Democrats have been hawking another extension of Unemployment Compensation payments. House Speaker Nancy Pelosi postulated that,
“It injects demand into the economy. It creates jobs faster than almost any other initiative you can name.”
No this is not a post about the American peoples’ rejection of Obama/Pelosi/Reid/Washington politics. Many others are having fun welcoming the Republican wave that swept away many notable Democrats…though not nearly enough. Jerry Brown as governor? California you have got to be kidding me. I am holding in a wait-and-see position having been sorely disappointed by Republicans far too many times.
Unbeknownst to many Americans the Federal Reserve (The Fed) had scheduled a meeting today to decide future monetary policy. I find it interesting that they chose the day after a hotly contest mid-term election to meet and announce their policies. The centerpiece of their plan is Quantitative Easing 2 (“QE2”). The Wall Street Journal describes QE2 as:
The Chinese, it seems, are at it again stealing American jobs. This time their “cheating” come in the form of providing subsidies to their “green” industries as reported in Pittsburgh’s Tribune Review. The charge was lobbied by the United Steel Workers union and they estimate that the Chinese government has provided more than $216 billion as subsidies to their “green technology” industries:
Before I start, I want to ensure you that since I am at least 75% Ruthenian and/or Slovak I have the proper standing to use the term “Hunky.” I really never considered the label as derogatory and I always took some pride in calling myself a Hunky.
The homelands of my ancestors have changed names so many times, I often hesitate when answering a question about my nationality. I guess in today’s PC world I would be a Slovak-American, but an American none the less. I got a shot of native homeland pride recently when I read an article about one of the home countries, Slovakia.
Even though this post is about, perhaps our next president, I am going to start it with quotes from two prominent politicians;
“Republican leaders haven’t come up with “a single, solitary new idea” to help the American people recover from the economic recession.”
Maybe Barack Obama was being Clintonesque parsing “single,” “solitary,” “new” in his mind to justify the lie. I’ll admit that many Republicans have no new ideas and many of them are progressive and probably agree with Obama’s direction, just not his speed. I would argue that the same could be said of Obama’s vision for America. His plan for “spreading the wealth” is not a new idea. His plan has been tried numerous times always with the same result…either failure (see Greece) or totalitarianism (Cuba, Venezuela, etc.).
Part of my morning drive took me along a country road that would along a stream. Homes were scattered along the road in pockets and shaded by rather large sycamore trees. One drive home this spring as I approached this curvy stretch I heard a very loud blowing sound. I had been traveling this way for months and had never noticed it before and wondered if it had always been there and I never noticed it because my car windows had been shut during the winter commutes.