Wednesday, November 16, 2011

Biden speaks again; Obamacare's "premium assisstance"; Shut down Wall St. is the goal; Slain border agent killers erased from federal court records; Should Kagen recused herself:; 2009 Stimulus will shrink economy; Judge upholds dismantling of Occupy Wall St.; Obama sees America as a dark region; Protesting at Wisconsin Governor's home; Occupy and Lord of the Flies-style chaos; The riches of the poverty-striken in America;

"The trouble with Socialism is that sooner or later you run out of other people's money"  Margaret Thatcher

Real Clear Politics quotes Biden: "Folks, you fired the first shot. It's not about Barack Obama. It’s not about Joe Biden. It’s about whether middle-class people are going to be put back in the saddle again – because you are the people who make this country move," Vice President Joe Biden said at a campaign event in Ohio today. http://www.realclearpolitics.com/video/2011/11/15/biden_cheers_unions_at_campaign_event_you_fired_the_first_shot.html
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The Wall St. Journal opines: Even if ObamaCare survives Supreme Court scrutiny next spring, its trials will be far from over. That's because the law has a major glitch that threatens its basic functioning. It's so problematic, in fact, that the Obama administration is now brazenly trying to rewrite the law without involving Congress. The Patient Protection and Affordable Care Act offers "premium assistance"—tax credits and subsidies—to households purchasing coverage through new health-insurance exchanges. This assistance was designed to hide a portion of the law's cost to individuals by reducing the premium hikes that individuals will face after ObamaCare goes into effect in 2014. http://online.wsj.com/article/SB10001424052970203687504577006322431330662.html
-------------------------------------------------------------------------------------------------------------  Reuters reports: Protesters hope to shut down New York's Wall Street   Protesters hope to shut down Wall Street on Thursday -- home to the New York Stock Exchange -- by holding a street carnival to mark the two-month anniversary of their campaign against economic inequality. Protest organizers acknowledged that the "day of action" could be the group's most provocative yet, and could lead to mass arrests and further strain relations with city authorities. "I think we're certainly going into this with our eyes wide open, but (the march is) to provoke ideas and discussion, not to provoke any violent reactions," said Occupy Wall Street spokesman Ed Needham. "I think it is very difficult to do a day of action and not expect some sort of reaction from the (authorities)," he said. http://www.reuters.com/article/2011/11/14/us-usa-protests-newyork-idUSTRE7AD20G20111114
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AZ Star Net writes: The case against the alleged killers of Border Patrol Agent Brian Terry has disappeared from federal court records, apparently sealed by a federal judge.
In May, federal prosecutors won an indictment against Manuel Osorio-Arellanes and others, and they announced it with a press release. Only Osorio-Arellanes’ name was visible in the indictment, but there were blacked-out words where other defendants’ names go.
Osorio-Arellanes was charged with second-degree murder and was not considered the likely shooter. He had been wounded during the gunfight that left Terry dead.
But in the ensuing months, the case disappeared from court records.
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Investors.com writes: Should a justice who participated in ObamaCare's creation recuse herself from the court's review of that law? Of course. But then a nominee who lies in confirmation hearings shouldn't be on the court anyway. If Justice Elena Kagan were a person of character, she would sit out the Supreme Court's hearing of the challenge to the Patient Protection and Affordable Care Act.
But during her confirmation hearings in June of last year, she indicated she would not. And since this Monday, when the court announced it would take the case, she has done nothing to suggest she will recuse herself after all. Nor has the court made any statement about her recusal, a convention it usually follows when a justice takes himself or herself off a case. http://news.investors.com/Article/591798/201111151910/Justice-Kagan-Recuse-Thyself.htm
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Redstate writes: We could have done a lot of good things with the $830 billion that was flushed down the toilet through the 2009 stimulus.  That money could have been used to permanently transform our entitlement programs to free-market personal ownership accounts.  It could have been used for massive pro-growth tax cuts.  Instead, it was used to grow perennial dependency and for special interest handouts.  But all of the supercilious smart economists say that it helps stimulate the economy, right?  After all, it is called stimulus.
Well, earlier today, CBO Director Doug Elmendorf admitted to Senator Sessions that in the long run the stimulus will shrink the economy.  He testified at a  Senate Budget Committee hearing that the stimulus will indeed “be a drag on GDP” over the next ten years.  Any diligent student of history already knew that, but now we have the “gold standard” of budget and economic scoring to affirm that self-evident truth.  Nevertheless, fear not, the stimulus will have a stimulating effect in the short-term.  That’s why we are enjoying a robust annual average GDP growth of…..1.4%. http://www.redstate.com/dhorowitz3/2011/11/15/cbo-director-admits-stimulus-will-shrink-economy/
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Yahoo Finance reports: A New York judge has upheld the city's dismantling of the Occupy Wall Street encampment, saying that the protesters' first amendment rights don't entitle them to camp out indefinitely in the plaza.
Supreme Court Justice Michael Stallman on Tuesday denied a motion by the demonstrators seeking to be allowed back into the park with their tents and sleeping bags.
Police cleared out the protesters in a nighttime sweep early Tuesday. The judge upheld the city's effective eviction of the protesters after an emergency appeal by the National Lawyers Guild.
The protesters have been camped out in privately owned Zuccotti Park since mid-September. Mayor Michael Bloomberg said he ordered the sweep because health and safety conditions and become "intolerable" in the crowded plaza. http://finance.yahoo.com/news/judge-rules-against-occupy-wall-215659325.html
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Politico writes: America, in the view of President Barack Obama, is not a happy place. It is a dark region where people cheat each other; corporations brutalize the public, and opportunity is out of reach.
Obama’s relentless reelection focus on America’s demons is a communications error that could haunt his bid for a second term.  Americans want to be told the truth. They don’t want their president to pretend that the economy is thriving.
But what they probably won’t abide is a message that there is something fundamentally wrong with the nation that Obama, like some prophet preaching through Gomorrah, was sent to fix.
But Obama is trying out a reelection model that posits a broken country which needs him to “finish the job” he started.
 Read more: http://www.politico.com/news/stories/1111/68459.html#ixzz1ds51lJoB
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Newsmax reports: Wisconsin Governor Scott Walker wasted no time taking on critics who launched an effort to recall him Tuesday, saying that protests outside his home were "crossing the line" and showed disregard for families in his suburban Milwaukee neighborhood.
Opponents have been protesting outside Walker's private home as part of their campaign to remove Walker from office next year. They officially launched a drive Tuesday to collect 540,208 signatures needed within 60 days to force a recall election in the spring.
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The UK Telegraph opines: The failure of the Occupy Wall Street movement and its descent into Lord of the Flies-style chaos, and in many instances thuggery and criminality, is emblematic of the dramatic decline of the Left in the United States. The ragtag encampments that President Obama earlier described as expressing “the frustrations that the American people feel”, are now being swept from the streets of New York, Oakland, Portland, and across America, no doubt to great applause from locals who have had to put up for weeks with unsanitary tent cities on their doorstep. Nancy Pelosi should now be eating her words Telegraph (UK), by Nile Gardiner
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According to CBS News, "the number of people in the U.S. living in poverty in 2010 rose for the fourth year in a row, representing the largest number of Americans in poverty in the 52 years since such estimates have been published by the U.S. Census Bureau." MSNBC said, "The U.S. poverty rate remains among the highest in the developed world." Let's look at a few poverty facts.
Heritage Foundation researchers Dr. Robert Rector and Rachel Sheffield laid out some facts about the poor in their report "Understanding Poverty in the United States: Surprising Facts About America's Poor" (9/13/2011). Eighty percent of poor households have air conditioning. Nearly three-fourths have a car or truck, and 31 percent have two or more. Two-thirds have cable or satellite TV. Half have one or more computers. Forty-two percent own their homes. The average poor American has more living space than the typical non-poor person in Sweden, France or the U.K. Ninety-six percent of poor parents stated that their children were never hungry during the year because they couldn't afford food.
"The Material Well-Being of the Poor and the Middle Class Since 1980" (10/25/2011) is a research paper by professor Bruce D. Meyer of the University of Chicago and The National Bureau of Economic Research and professor James X. Sullivan of the University of Notre Dame. In it they report: "Our results show evidence of considerable improvement in material well-being for both the middle class and the poor over the past three decades.
Our congressionally caused recession has indeed caused needless hardship for many Americans, but the big poverty and income stagnation hype is part and parcel of an agenda to make us more accepting of politicians getting their hands deeper into our pocketbooks in the name of helping the poor.  http://www.creators.com/opinion/walter-williams/poverty-in-america.html

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