The new poverty measure will produce very odd results. For example, if the real income of every single American were to triple magically overnight, the new poverty measure would show no drop in poverty because the poverty income standards would also triple. Under the Obama system, poverty can be reduced only if the incomes of the "poor" are rising faster than the incomes of everyone else. Another paradox of the new poverty measure is that countries such as Bangladesh and Albania will have lower poverty rates than the U.S.'s -- even though the actual living conditions in those countries are extremely low -- simply because they have narrower distribution of incomes, albeit very low incomes.
Ultimately, "[t]he new measure is a public relations Trojan Horse, smuggling in a 'spread-the-wealth' agenda under the ruse of fighting significant material deprivation -- a condition that is already rare in American society," they point out.
Most troubling, they point out that "grossly exaggerating the extent and severity of material deprivation in the U.S. will benefit neither the poor, the economy, nor society as a whole." http://www.americanthinker.com/2011/07/obama_redefining_poverty.html
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"Socialism only works
in two places:
Heaven where they don't
need it and hell where they already have it."
-Ronald Reagan
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Investors.com reports: Las Vegas CEO Steve Wynn drew attention for a boardroom rant denouncing the intolerable business climate fostered by the White House. He's hardly the first. What's happening is emblematic of a bigger problem.
In a Monday conference call, the casino magnate credited with revitalizing Las Vegas blasted President Obama, declaring him "the greatest wet blanket to business, progress and job creation in my lifetime."
The blast was remarkable for two reasons: Wynn has been a staunch supporter of the Obama administration from the beginning and still considers himself a Democrat. But even more remarkable, it's been out of character for CEOs such as Wynn to express their views in such blunt terms on political matters.
"A lot of people don't want to say that," he said. "They'll say, 'Oh God, don't be attacking Obama.' Well, this is Obama's deal, and it's Obama that's responsible for this fear in America".
In such a climate, it's no surprise that executive outbursts are erupting like lava from scorched earth. Wynn's remarks echo those on a lengthening list of CEOs including:
• 3M's George Buckley, who blasted Obama last February as anti-business. "We know what his instincts are," Buckley said. "We've got a real choice between manufacturing in Canada or Mexico — which tends to be more pro-business — and America," he told the Financial Times.
• Intel's Paul Otellini, who told CNET last August that the U.S. legal environment has become so hostile to business that there is likely to be "an inevitable erosion and shift of wealth, much like we're seeing today in Europe — this is the bitter truth." There is more at: http://www.investors.com/NewsAndAnalysis/Article/578866/201107191850/Wynns-Rant-One-Among-Many.htm
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The LA Times writes: Rep. Maxine Waters (D-Los Angeles) on Tuesday launched a new drive to push the House Ethics Committee to drop its long-running case against her, saying that internal committee documents show she cannot get a fair hearing from the panel.
Waters' lawyer, Stanley Brand, said the documents included allegations that there was misconduct among the committee staff members who investigated the Democratic congresswoman, and further action by the panel would be "irremediably tainted." http://www.latimes.com/news/nationworld/nation/la-na-maxine-waters-20110720,0,7242438.story
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From Snopes: US Foreign Aid to those that hate us:
Egypt, for example, after voting 79% of the time against the United States , and still receives $2 billion annually in US Foreign Aid.
Jordan votes 71% against the United States and receives $192,814,000 annually in US Foreign Aid.Pakistan votes 75% against the United States & receives $6,721,000 annually in US Foreign Aid. India votes 81% against the United States & receives $143,699,000 annually. http://www.snopes.com/inboxer/outrage/unvote.asp
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Real Clear Politics reports: Sen. Tom Harkin (D-Iowa) calls Republicans "dead-beat debtors" among other things during a Democratic press conference on Wednesday morning.
"The debate and fight is not between Democrats and Republicans. It's between some Republicans and their sort of cult fringe as I refer to them out there," Harkin said. http://www.realclearpolitics.com/video/2011/07/20/sen_harkin_cult_fringe_holding_up_debt_ceiling_increase.html
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Senate and House Democrats, according to the Washington Times, urged their colleagues at a Wednesday hearing to support a bill that would repeal the federal law defining marriage as the union of a man and a woman, so federal benefits and rights can flow to gay couples who are legally married under a state law.
“I believe it is important that we encourage and sanction committed relationships,” said SenateJudiciary Committee Chairman Patrick J. Leahy, Vermont Democrat, who called the hearing on the Respect for Marriage Act, which would repeal the 1996 Defense of Marriage Act (DOMA).
But Sen. Chuck Grassley, Iowa Republican, said that “George Orwell would have marveled at that name” of the Respect for Marriage Act. http://www.washingtontimes.com/news/2011/jul/20/democrats-urge-doma-repeal/
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The USA Today writes: Arizona launched a fundraising website Wednesday to build fencing along the U.S.-Mexico border, a newly authorized project that supporters said is needed to close gaps exploited by smugglers and illegal immigrants.
Arizona once again has to do the job the federal government isn't," said state Sen. Steve Smith, a first-term Republican who sponsored the legislation authorizing the fence project.
"I know where America stands," Pearce said. "We have a nation at risk. And why are we going to build a fence? Because you'll never get it built by the federal government."
The website, buildtheborderfence.com, received 884 online donations totaling $39,085 within its first 17 hours, said Arizona Senate spokesman Mike Philipsen. http://www.usatoday.com/news/nation/2011-07-21-arizona-border-fence-donations_n.htm
-------------------------------------------------------------------------------------------------------------The Daily Caller reports: State Department officials have fired contract specialist Kathleen McGrade in the wake of The Daily Caller’s exclusive investigation, which discovered that she funneled more than $52 million in taxpayer money to a company her husband and daughter own and operate. [We recently learned that government workers are far more likely to die in "office" than be fired. So this is an unusual employee for sure, and this must be what it takes to get fired.]
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The Gateway Pundit reveals: Hide the women and children…
The United Nations is considering using peacekeeping units to enforce climate change junk science policy.
The Guardian reported:
A special meeting of the United Nations security council is due to consider whether to expand its mission to keep the peace in an era of climate change.
Small island states, which could disappear beneath rising seas, are pushing the security council to intervene to combat the threat to their existence.
There has been talk, meanwhile, of a new environmental peacekeeping force – green helmets – which could step into conflicts caused by shrinking resources.
“It is too early to seriously think about council action on climate change. This is clearly not on the agenda,” Germany’s ambassador to the UN, Peter Wittig, wrote in the Huffington Post. http://www.thegatewaypundit.com/2011/07/un-may-use-peacekeeping-units-to-enforce-climate-change-junk-science-policy/
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