IBD Editorials ^ | May 23, 2012 | Editor
Energy:As coal use drops, job losses rise and electricity prices skyrocket, an electoral map of the 16 top coal-mining states does not bode well for an administration whose energy policy consists of algae and exploding electric cars.
Earlier this year, Houston-based GenOn Energy Inc. announced plans to close five of its older coal-fired power plants in Pennsylvania over the next four years, saying that tough new environmental rules make it unprofitable to operate the plants, which generate a total of 3,140 megawatts of electricity.
The plants are in Portland, Shawville, Titus, New Castle and Elrama. Two plants in Ohio and one in New Jersey will also be closed.
Based on current polls, Ohio is once again a battleground state and even Pennsylvania, full of bitter people clinging to their Bibles and guns, may also be in play.
Rising energy prices and lack of jobs will play heavily on the administration's fortunes in November, both affected by the administration's war on fossil fuels, particularly coal, being waged via regulations by what has become the fourth branch of government — the Environmental Protection Agency.
The good folks at RedState.com have put together a map showing the top 16 coal-producing states and their place on the electoral stage. Together they contain 182 electoral votes.
Publicado: 05-23-2012 08:50 PM
U.S. HAS THE HIGHEST CORPORATE RATE IN THE DEVELOPMENT WORLD. AT HIGHER TAXES, LESS PRIVATE CAPITAL FOR INVESTMENT, HIGHER UNEMPLOYMENT, HIGHER MISERY INDEX.
47% de los habitantes de U.S. no pagan Income Tax y muchos además reciben del IRS un bono del gobierno arriba de recibir food stamps y servicios medicos gratuitos, incluyendo millones que están ilegalmente en el país.
WHY 47% RECEIVE MULTIPLE BENEFITS BUT DO NOT PAY THEIR FAIR SHARE OF TAXES
CITA DE MARCO TULIO CICERON
"El presupuesto debe equilibrarse, el Tesoro debe ser reaprovisionado, la deuda pública debe ser disminuida, la arrogancia de los funcionarios públicos debe ser moderada y controlada, y la ayuda a otros países debe eliminarse para que Roma no vaya a la bancarrota. La gente debe aprender nuevamente a trabajar, en lugar de vivir a costa del Estado."
Año 55 Antes de Cristo
Publicado: 05-23-2012 08:59 PM
First, They Came for Cory Booker
By Ben Shapiro 5/24/2012
Cory Booker is, by most accounts, a reasonable man. He went to Stanford and Oxford, as well as Yale Law School; now he's the mayor of Newark. He's also African-American.
That last fact is only important because liberals have made it so.
Booker has been a strong backer of President Obama -- so strong, in fact, that in 2009, Obama offered him a slot in his administration as head of the Office of Urban Affairs Policy. Booker turned it down on the grounds that he wanted to fulfill his job as mayor.
That should have been the end of the story. Obama and Booker should have remained friends. Instead, President Obama's desperation to beat Mitt Romney into the ground led Obama to attack Romney's record at Bain Capital, over and over again. On NBC, Booker, who the Obama campaign trotted out as their "surrogate," made the mistake of telling the truth. When asked about Obama's attacks on Bain Capital, he was honest enough to rip the tactic: "I live in a state where pension funds, union and other people are investing in companies like Bain Capital. If you look at the totality of Bain Capital's record, they've done a lot to support business, to grow business, and this, to me, I'm very uncomfortable with. ... This kind of stuff is nauseating to me on both sides. It's nauseating to the American public. Enough is enough. Stop attacking private equity."
This put Booker right in the firing line of the left. It was one thing for an Obama surrogate to go off-message -- Obama surrogates from Joe Biden to Hilary Rosen have done it repeatedly. It was another thing for an African-American Obama supporter to go off-message.
The White House was fuming mad -- so mad that the Democratic National Committee called up Booker to chew him out. Meanwhile, spokespeople for the Obama campaign appeared on television to assure the public that no such action was taking place. Republicans quickly cut an ad showing the Obama campaign lying about putting pressure on Booker.
Booker, properly chastised, quickly backed down. He cut a video on YouTube kissing President Obama's ring; he took to Twitter to send missive after missive about how he supported Obama. He suddenly reversed himself, explaining that Romney was running as a businessman, so Obama should attack Romney's record. He even said he was "upset I'm being used by the GOP this way."
Let's stop and consider for a minute. After Booker made his remarks on "Meet the Press," prominent Democrats including former Democratic Pennsylvania Gov. Ed Rendell, Sen. Dianne Feinstein, D-Calif., and Sen. Chris Coons, D-Del., all backed him up. But they didn't receive anywhere near the same kind of scrutiny Booker did. Why? The obvious answer is that they are all white, while Booker is black. It is one thing for a white Democrat to disagree with Obama on anything; for a black American to disagree with President Obama is akin to treason.
That perverse political truism explains President Obama's embrace of same-sx marriage. The National Association for the Advancement of Colored People came out this week in support of same-sx marriage, even calling it a civil rights issue -- even though just 39 percent of black Americans support same-sx marriage. Why have major institutional black organizations come out in support of President Obama's policy? Because they feel that racial loyalty will overcome ideological diversity.
Even worse, while groups like the NAACP demand ideological conformity from black Americans, so do white liberals such as Chris Matthews, who said that Booker had engaged in an "act of sabotage," a "betrayal." The truth is that during the "Meet the Press" interview, Booker gushed over Obama's economic policy and endorsed him multiple times. So that simply wasn't true. But straying from the Obama path is verboten, even for black liberals.
Booker's race shouldn't be important to this story. There's only one reason it is: Liberals want to use race as a litmus test for ideology. And that is deeply bigoted.
05-24-2012 11:40 AM - editado 05-24-2012 11:42 AM
CUNDE EL PANICO EN LA FILAS DEMOCRATAS!!!
NEGROS NUBARRONES SE CIERNEN SOBRE LA CAMPAÑA DE OBAMA
PRIMARIAS DEMOCRATAS AUGURAN A OBAMA UNA DERROTA MONUMENTAL:
WEST VIRGINIA: 41% DE LOS VOTANTES DEMOCRATAS REPUDIARON A OBAMA PREFIRIENDO VOTAR POR UN DELINCUENTE PRESO EN TEXAS.
ARKANSAS: 41% VOTAN EN CONTRA DE OBAMA Y A FAVOR DE UN DESCONOCIDO QUE SOLO CONTABA EN SU CAMPAÑA CON $500 MIENTRAS OBAMA GASTABA MILLONES DESINFORMANDO AL PUEBLO.
KENTUCKY: 42% DE LOS DEMOCRATAS VOTARON "NO COMPROMETIDOS A VOTAR POR OBAMA", EN LO QUE CONSTITUYE UN CONTUNDENTE REPUDIO A SU REGIMEN CORRUPTO, Y POR LO VISTO ES UN REFLEJO DEL RECHAZO AL MARXISMO DE OBAMA A NIVEL NACIONAL POR LOS PROPIOS DEMOCRATAS!!!
Publicado: 05-25-2012 01:33 PM
Despite a growing backlash from his fellow Democrats, President Obama has doubled down on his attacks on Mitt Romney’s tenure at Bain Capital. But the strategy could backfire in ways Obama did not anticipate. After all, if Romney’s record in private equity is fair game, then so is Obama’s record in public equity — and that record is not pretty.
Since taking office, Obama has invested billions of taxpayer dollars in private businesses, including as part of his stimulus spending bill. Many of those investments have turned out to be unmitigated disasters — leaving in their wake bankruptcies, layoffs, criminal investigations and taxpayers on the hook for billions. Consider just a few examples of Obama’s public equity failures:
● Raser Technologies. In 2010, the Obama administration gave Raser a $33 million taxpayer-funded grant to build a power plant in Beaver Creek, Utah. According to WSJ, after burning through our tax dollars, the company filed for bankruptcy protection in 2012. The plant now has fewer than 10 employees, and Raser owes $1.5 million in back taxes.
● ECOtality. The Obama administration gave ECOtality $126.2 million in taxpayer money in 2009 for, among other things, the installation of 14,000 electric car chargers in five states. Obama even hosted the company’s president, Don Karner, in the first lady's box during the 2010 State of the Union address as an example of a stimulus success story. According to ECOtality’s own SEC filings, the company has since incurred more than $45 million in losses and has told the federal government, “We may not achieve or sustain profitability on a quarterly or annual basis in the future.”
Worse, according to CBS News the company is “under investigation for insider trading,” and Karner has been subpoenaed “for any and all documentation surrounding the public announcement of the first Department of Energy grant to the company.”
● Nevada Geothermal Power (NGP). The Obama administration gave NGP a $98.s5 million taxpayer loan guarantee in 2010. NYT reported last October that the company is in “financial turmoil” and that “[a]fter a series of technical missteps that are draining Nevada Geothermal’s cash reserves, its own auditor concluded in a filing released last week that there was ‘significant doubt about the company’s ability to continue as a going concern.’ ”
● First Solar. The Obama administration provided First Solar with more than$3 billion in loan guarantees for power plants in Arizona and California. According to a Bloomberg Businessweek report last week, the company “fell to a record low in Nasdaq Stock Market trading May 4 after reporting $401 million in restructuring costs tied to firing 30 percent of its workforce.”
Publicado: 05-25-2012 04:47 PM
● Abound Solar, Inc. The Obama administration gave Abound Solar a $400 million loan guarantee to build photovoltaic panel factories. According to Forbes, in February the company halted production and laid off 180 employees.
● Beacon Power. The Obama administration gave Beacon — a green-energy storage company — a $43 million loan guarantee. According to CBS News, at the time of the loan, “Standard and Poor’s had confidentially given the project a dismal outlook of ‘CCC-plus.’ ” In the fall of 2011, Beacon received a delisting notice from Nasdaq and filed for bankruptcy.
This is just the tip of the iceberg. A company called SunPower got a $1.2 billion loan guarantee from the Obama administration, and as of January, the company owed more than it was worth. Brightsource got a $1.6 billion loan guarantee and posted a string of net losses totaling $177 million. And, of course, let’s not forget Solyndra — the solar panel manufacturer that received $535 million in taxpayer-funded loan guarantees and went bankrupt, leaving taxpayers on the hook.
Amazingly, Obama has declared that all the projects received funding “based solely on their merits.” But as Hoover Institution scholar Peter Schweizer reported in his book, “Throw Them All Out,” fully 71 percent of the Obama Energy Department’s grants and loans went to “individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party.” Collectively, these Obama cronies raised $457,834 for his campaign, and they were in turn approved for grants or loans of nearly $11.35 billion. Obama said this week it’s not the president’s job “to make a lot of money for investors.” Well, he sure seems to have made a lot of (taxpayer) money for investors in his political machine.
All that cronyism and corruption is catching up with the administration. According to Politico, “The Energy Department’s inspector general has launched more than 100 criminal investigations” related to the department’s green-energy programs.
Now the man who made Solyndra a household name says Mitt Romney’s record at Bain Capital “is what this campaign is going to be about.” Good luck with that, Mr. President. If Obama wants to attack Romney’s alleged private equity failures as chief executive of Bain, he’d better be ready to defend his own massive public equity failures as chief executive of the United States.
Publicado: 05-25-2012 04:47 PM
May 28, 2012 | Reaganite Republican
CON 100 MILLONES DE DESEMPLEADOS (57% ENTRE LOS JOVENES DE D.C.) GRACIAS A OBAMA, EN LAS PRIMARIAS DEMOCRATAS MAS DEL 40% EN WEST VIRGINIA, KANSAS Y KENCTUKY REPUDIARON OBAMA LLEGANDO A PREFERIR VOTAR HASTA POR UN DELINCUENTE PRESO EN TEXAS
Publicado: 05-28-2012 02:58 PM
DA EL TIRO DE GRACIA BILL CLINTON A LA REELECION DE OBAMA
ENSALZA BILL CLINTON EL "STERLING" RECORD EMPRESARIAL DE ROMNEY
Video: Romney's Qualifications, Business Experience Lauded by...Bill Clinton
By Guy Benson 6/1/2012
Just when you thought yesterday couldn't have gotten any worse for the Obama campaign, a certain former president appeared on CNN and asserted that Mitt Romney is qualified to be president, thanks to his leadership as governor and "sterling" career in the private sector:
This could deliver something of a coup de grace to the Obama campaign's all-Bain-all-the-time attack strategy. President Obama stated that this campaign will "be about" Romney's "vampire capitalism." Bill Clinton, Deval Patrick, and at least a dozen other Democrats have dissented from that view. Publicly. And we're still awaiting an explanation for why a handful of companies failing after Romney left Bain = greedy and evil, whereas Solyndra and other taxpayer-financed benefactors of cronyism shutting down = honest mistakes. Enlighten us, liberals. Oh, and by the way, Romney has jumped ahead in Ohio, Virginia, Florida and North Carolina.
OBAMA FUE REPUDIADO POR MAS DEL 40% EN LAS PRIMARIAS DEMOCRATAS DE WEST VIRGINIA, KANSAS Y KENTUCKY, AL EXTREMO DE LLEGAR A VOTAR LOS PROPIOS DEMOCRATAS POR UN DELINCUENTE PRESO EN TEXAS ANTES QUE POR EL DELINCUENTE QUE OCUPA LA CASA BLANCA.
Publicado: 06-01-2012 06:46 PM
The Lowlights Of Obamanomics
The Obama Record
IBD Editorial 6/3/2012
The Obama Record: May’s weak jobs report further confirms the president’s policies are failing to help the economy. This is, indeed, the worst recovery since the Depression.
Negative superlatives associated with this presidency keep piling up. The toll so far:
• The share of Americans who’ve been out of work a long time — now at 42% of the unemployed — is the highest since the Great Depression (source: Labor Department).
• The proportion of the civilian working-age population actually working, at 58%, is the smallest since the Carter era (Labor Department).
• Growth in nonfarm payroll jobs since the recovery began in June 2009 is the slowest of any comparable recovery since World War II (Hoover Institution).
• The rate of new business startups — the engine of job growth — has plunged to an all-time low of 7.87% of all businesses (Census Bureau).
• 3 in 10 young adults can’t find jobs and live with their parents, highest since the 1950s (Pew Research).
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• 54% of bachelor’s degree-holders under the age of 25 are jobless or underemployed, the highest share in decades (Northeastern University).
• Black teen unemployment, now at 37%, is near Depression-era highs (Labor Department).
• Almost 1 in 6 Americans are now poor — the highest ratio in 30 years — and the total number of poor, at 49.1 million, is the largest on record (Census).
• The share of Hispanics in poverty has topped that of blacks for the first time, 28.2% to 25.4% (Census).
• The number of Americans on food stamps — 45 million recipients, or 1 in 7 residents — also is the highest on record (Congressional Budget Office).
• Total government dependency — defined as the share of Americans receiving one or more federal benefit payments — is now at 47%, highest ever (Hoover).
• The share of Americans paying no income tax, at 49.5%, is the highest ever (Heritage Foundation, IRS).
• The national homeownership rate, now at 65.4%, is the lowest in 15 years (Census).
•The 30-point gap between black and white Americans who own their own homes is the widest in two decades and one of the widest on record (Census).
• Federal spending, now at 23.4% of GDP, is the highest since WWII (CBO).
• Excluding defense and interest payments, spending is the highest in American history, at 17.6% of the economy (First Trust Economics).
• The federal debt, at 69% of GDP, is the highest since just after WWII (CBO).
• The U.S. budget deficit, now at 9.5% of the economy, is the highest since WWII (CBO).
• U.S. Treasury debt has been downgraded for the first time in history, meaning the U.S. government no longer ranks among risk-free borrowers (S&P).
This is what Obamanomics has wrought. Fiscal promiscuity. Trickle-up poverty. Shared misery.
Publicado: 06-04-2012 09:59 PM