WAPO's "business reporter" wants less business

Having StevenPearlstein as your business reporter is like hiring a Red Sox fan to cover the Yankees. And an ill informed one at that. Pearlstein has already called for the collapse of Wall Street and now he calls for the death of capitalism with his usual economic illiteracy. He blames too little regulation for the ills of health care, energy, housing etc.; ignorant of the fact that most of those problems can be traced directly to market distorting tax and regulatory policy, along with constant meddling in markets for purely political considerations regardless of the harmful results. Pearlstein supports more of the same "solutions" that caused the problems in the first place and apparently wants our economy and culture to slow down to the speed of lumbering Europe.

Claire Shipman's Latte Economics

Claire Shipman shows us why it's important to actually know something, anything about economics before discussing it in front of millions.

First, the obligatory Bush Bashing on the deficit:

"a parting gift from one president to the next of the most unwelcome sort."

The President can't spend one dime without the consent of congress. But that pesky fact flies in the face of the "Everything is Bush's fault" narrative.

Then we have this asinine little exercise:

"Now, we came up with a few GMA solutions to try to put this in perspective. If every American were to pitch in $2,000, we could pay off this year's deficit. Or, if we handed over, each of us, 500 gallons of gasoline or, in terms we could all really understand, if every American gave up 666 lattes for a year, we could pay off this year's deficit. Robin?"

OK. Let's humor this moron for a moment. $2,000 a person equates to $8,000 dollars for a family of four that probably doesn't even drink lattes, much less 666 each. I know $8,000 isn't a lot of money to condescending snobs like Shipman, but it is a lot of good money thrown after bad to most people. And even if the deficit were paid off for one year, it just gives congress license to spend even more of our money. Shipman, like most lefties believes that government is the only entity that can never do with less.

Shipman also (unsurprisingly) fails to realize that the money she wants throw down the government rat hole would not be spent in the job creating private sector, which will slow down the economy, which will result in lower tax revenue. Then idiots like Shipman will call for even higher taxes and the downward spiral continues.

When Will Democrats Apologize to Blacks?

WASHINGTON (CNN) -- The House of Representatives on Tuesday passed a resolution
apologizing to African-Americans for slavery and the era of Jim Crow...

While many states have apologized for slavery, it is the first time a branch of
the federal government has done so...MORE

The KKK was formed as the terrorist wing of the Democrat party and Jim Crow laws were also their invention. Democrats are the common denominator in all injustices done to blacks; including the destruction of the black family with with welfare money that rewards irresponsible behavior and gives them just enough money to keep them poor. Did you know that Martin Luther King Jr. was a Republican? Why don't they just apologize to the whole country and be done with it?

Note: Watch for this vote to be used as a pretext to renewed discussions on reparations

Rich States, Poor States

Here's more proof of the mass migration of people and businesses from high tax and regulation states to low ones. Capital and investment will always seek out the places with the lowest barriers to trade and that's exactly what's happening throughout the U.S.

Just look at the domestic migration rates of the four largest states. Compare highly burdensome California and New York to more economically free Texas and Florida. The added benefit to the country of these population trends will be a shift in congressional influence from fossilized socialist states to more vibrant and free ones.

Barack Obama's Stealth Socialism

Investors Business Daily documents Obama's well earned Marxist credentials and the deceptive rhetoric he uses to disguise his true intentions. If Democrats can achieve a filibuster proof Senate majority, he and his congressional comrades will be dusting off every half baked socialist scheme on the shelf - and there's a lot of them.

Election '08: Before friendly audiences, Barack Obama speaks passionately about something called "economic justice." He uses the term obliquely, though, speaking in code — socialist code...MORE

Ultimate Global Warming Challenge Now $500,000

Fill the coffers of the Church of GW! This should be easy cash since the "debate is over":

$500,000 will be awarded to the first person to prove, in a scientific manner, that humans are causing harmful global warming. The winning entry will specifically reject both of the following two hypotheses:

UGWC Hypothesis 1
Manmade emissions of greenhouse gases do not discernibly, significantly and predictably cause increases in global surface and tropospheric temperatures along with associated stratospheric cooling.

UGWC Hypothesis 2
The benefits equal or exceed the costs of any increases in global temperature caused by manmade greenhouse gas emissions between the present time and the year 2100, when all global social, economic and environmental effects are considered.

Union Thugs Steal Money for Dems

The mighty Service Employees International Union (SEIU) plans to spend some $150 million in this year's election, most of it to get Barack Obama and other Democrats elected. Where'd they get that much money?...

The union adopted a new amendment to its constitution at last month's SEIU convention, requiring that every local contribute an amount equal to $6 per member per year to the union's national political action committee. This is in addition to regular union dues. Unions that fail to meet the requirement must contribute an amount in "local union funds" equal to the "deficiency," plus a 50% penalty...

No other major institution could get away with its bosses demanding that every single one of its workers step in line behind its political preferences...MORE