Newslinks for Sunday, November 27, 2011Posted on 11/27/2011
- Milton Friedman addresses the Occupy movement
- MSNBC proclaims that your taxes are too low
- Newt says Obama can use a teleprompter during the presidential debates
Forget the “green jobs boom”, we have an oil and gas boom instead.
“So President Obama was right all along. Domestic energy production really is a path to prosperity and new job creation. His mistake was predicting that those new jobs would be "green," when the real employment boom is taking place in oil and gas. The Bureau of Labor Statistics reported recently that the U.S. jobless rate remains a dreadful 9%. But look more closely at the data and you can see which industries are bucking the jobless trend. One is oil and gas production, which now employs some 440,000 workers, an 80% increase, or 200,000 more jobs, since 2003. Oil and gas jobs account for more than one in five of all net new private jobs in that period.” - WSJ
“[Paul] Ryan, a Republican from Wisconsin, makes the point that the government redistributes income not only through taxes but also through transfer payments, including Social Security, Medicare, food stamps and unemployment benefits. The CBO study helpfully measures income, adjusted for inflation, after taxes and after such transfer payments. Many may find the results of the CBO study surprising. It turns out, Ryan reports, that federal income taxes (including the refundable Earned Income Tax Credit) actually decreased income inequality slightly between 1979 and 2007, while the federal payroll taxes that supposedly fund Social Security and Medicare slightly increased income inequality. That's despite the fact that income tax rates are lower than in 1979 and payroll taxes higher,” Michael Barone writes in the Washington Examiner
New study calls global warming into question.
“The left's proposed solutions for the world's ills are based on the idea that carbon dioxide is a climate-heating poison that must be scrubbed from the global economy at all cost. Yet another study shows this is foolish. The study in the journal Science found that global temperatures appear to be far less sensitive to the amount of CO2 in the atmosphere than originally estimated.” – IBD
“Corporations, unions, trade groups and advocates are expected to spend millions of dollars over the next few months trying to shape the court's thinking on whether the law's individual mandate is constitutional. Their efforts will include ideological appeals, popularity contests and recusal campaigns - none of which are likely to have much effect on the outcome of the case.” – The Hill
Chris Matthews attacks Rush Limbaugh’s audience, accuses them of “prejudice”.
“Perhaps it is a low regard for the racial sensibilities of Rush Limbaugh’s audience, or what he calls “non-college whites” as a whole, but MSNBC host Chris Matthews and the panel on this weekend’s broadcast of ‘The Chris Matthews Show’ has branded an entire segment of society as being guilty of prejudice.” – Daily Caller
“Washington policymakers managed to convince themselves that on counter-terrorism, as well as on counter-proliferation and the growing North Korea nuclear threat, China was a committed, reliable, and essential partner—a “responsible stakeholder.” What China was doing to prepare for war against Taiwan, and against the United States should it come to Taiwan’s aid, largely became a back-burner issue. The same was true of China’s complicity in proliferating dangerous weapons and materials to the world’s most dangerous states, including North Korea and Iran.” – Weekly Standard
Nearly a year before Election Day, Republican presidential candidates and conservative action groups are already spending heavily on television advertising aimed at casting Mr. Obama as a failure. Their tactics, the aggressive and sometimes misleading kind not typically used until much further along in a campaign season, have led to a spat with Democrats in what is shaping up to be the most costly election advertising war yet. – New York Times
Could Obama’s financial reform give put the White House in GOP hands in 2012?
“It’s already clear what sort of reelection campaign Barack Obama is going to run. He will attempt to rebrand the Republican Party as the One Percent Party, extremist obstructionists doing the bidding of big banks and superwealthy at the expense of the rest of the American people. This was going to be the strategy even before the Occupy movement emerged, though the rabble a) helped provide the ‘1% vs. 99%’ political vocabulary and b) made the MSM to focus on inequality as a substantive 2012 issue.” – AEI’s Enterprise blog
“Former speaker of the U.S. House and current GOP presidential candidate Newt Gingrich has received the coveted endorsement of the highly-influential New Hampshire newspaper "The Manchester Union Leader," an endorsement Republican rival Mitt Romney has adamantly sought. The endorsement of the conservative newspapers' editorial board places an exclamation point on Gingrich's impressive surge from has-been GOP contender to front-runner, and sets him apart as the new anti-Romney candidate amongst his competitors.” – Fox News
- The New Hampshire Union Leader's Sunday editorial says the former House speaker "is by no means the perfect candidate" but calls him "the best candidate who is actually running." - CNN
“Former President Bill Clinton praised his erstwhile nemesis former House Speaker Newt Gingrich, crediting his strong debate performances with propelling him into front-runner status for the GOP presidential nomination. “It’s not any traditional charisma,” said Clinton, who discussed his new best-seller, ‘Back to Work: Why We Need Smart Government for a Strong Economy,” in an exclusive interview with Newsmax.TV. Instead, Clinton believes Gingrich is emerging because “he thinks about this stuff all the time.’” - Newsmax
Newt Gingrich Inc., how the former speaker built an empire and went from flameout to success.
“Anyone who doesn’t believe in an afterlife must not live in Washington. Rarely, however, has reincarnation been so lucrative as it has for the man who now tops some polls for the 2012 Republican presidential nomination. Former House speaker Newt Gingrich transfigured himself from a political flameout into a thriving business conglomerate. The power of the Gingrich brand fueled a for-profit collection of enterprises that generated close to $100 million in revenue over the past decade, said his longtime attorney Randy Evans.” – Washington Post
The GOP presidential race could stay crowded all the way to the convention in Tampa next August.
“The rules of a game often determine its winner. With the approach of the Republican Party’s first presidential nomination caucuses and primaries, party rules are already playing a key role — and just may lead Republicans on a wild nomination ride that won’t end until the last day of its convention in Tampa.”- Politico
- You can tell a lot about the GOP candidates by their choices of neckwear – New York Post
- Has Gingrich boxed in Mitt Romney – Politico
- Dems gain amid volatile GOP presidential contest – San Francisco Chronicle
- New Hampshire gives Ron Paul a second look – NPR
- Santorum, Huntsman embrace their underdog status ahead of the New Hampshire primary – WMUR New Hampshire
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