Free Markets, Free People

Daily Archives: May 29, 2013

Economic Statistics for 29 May 13

Here are today’s statistics on the state of the economy:

The MBA reports mortgage applications fell by -8.8%. Purchases rose 3.0%, but re-fis fell -12.0%.

In weekly retail sales, Redbook reports a slightly better 2.7% year-over-year sales growth rate. ICSC-Goldman’s sales report is bumpy, with a weak -0.9% sales drop for the week, but a better 2.8% annual rate.

~
Dale Franks
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Higher ups in the IRS knew about targeting Tea Parties? You don’t say

I mean really, did you honestly believe that a couple of rogue agents in Cincinnati did this on their own … for over two years?  Yeah, about as much as you believed the YouTube video caused Benghazi, huh?

Additional scrutiny of conservative organizations’ activities by the IRS did not solely originate in the agency’s Cincinnati office, with requests for information coming from other offices and often bearing the signatures of higher-ups at the agency, according to attorneys representing some of the targeted groups. At least one letter requesting information about one of the groups bears the signature of Lois Lerner, the suspended director of the IRS Exempt Organizations department in Washington.

Lois Lerner … the IRS official who “knows nothing” and refuses to talk about any of it?

Huh.

Among the letters were several that bore return IRS addresses other than Cincinnati, including “Department of the Treasury / Internal Revenue Service / Washington, D.C.,” and the signatures of IRS officials higher up the chain. Two letters with “Department of the Treasury / Internal Revenue Service / Washington, D.C.” letterhead were signed by “Tax Law Specialist(s)” from Exempt Organizations Technical Group 1 and Technical Group 2. Lerner’s signature, which appeared to be a stamp rather than an actual signature, appeared on a letter requesting additional information from the Ohio Liberty Council Corp.

Imagine that.  We have an administration full of “Sgt. Shultz’s” (see Hogan’s Heroes if you’re too young to know what that references).  They see nothing.  They know nothing.

But apparently, they’ll sign anything.

~McQ