Free Markets, Free People

Daily Archives: May 2, 2012


Economic Statistics for 2 May 12

The following statistics were released today on the state of the US economy:

The MBA reports mortgage applications rose 0.1% last week, with purchases increasing 2.9%, and re-fis falling -0.7%.

The ADP Employment Report is disappointing. ADP estimates that April private payrolls rose by only 119,000, which means Friday’s employment report may be…not good.

Factory orders fell unusually sharply in March, falling -1.5%, down from a Feb increase of 1.3%. Factory orders are pretty volatile month-to-month, but this is an especially big swing.

~
Dale Franks
Google+ Profile
Twitter Feed


Obama caught in another falsehood

Mark Twain said, “A lie can travel halfway around the world while the truth is putting on its shoes.”  And of course, politicians know that.  So some of them use that truism to push a lie that will help them hoping that when, if ever, the truth is told, it will be moot.  It is all about establishing a narrative and making it last long enough to benefit them.

The internet has made that ploy a lot more difficult.  But that doesn’t mean the they don’t continue to try.  Glenn Kessler at the Washington Post awards Obama’s latest falsehood their highest, or lowest depending on how you look at it, rating – four Pinocchio’s.  Kessler describes that rating with a single word: “Whoppers”.

The lies have to do with decrepit bridges and, of course, Republicans.  The great healer, the man who promised to change the way politics was practiced in Washington, falsely attacked his opposition – again:

“I sent them a jobs bill that would have put hundreds of thousands of construction workers back to work repairing our roads, our bridges, schools, transit systems, along with saving the jobs of cops and teachers and firefighters, creating a new tax cut for businesses.  They said no. I went to the Speaker’s hometown, stood under a bridge that was crumbling.  Everybody acknowledges it needs to be rebuilt. Maybe he doesn’t drive anymore.  Maybe he doesn’t notice how messed up it was. They still said no. There are bridges between Kentucky and Ohio where some of the key Republican leadership come from, where folks are having to do detours an extra hour, hour-and-a-half drive every day on their commute because these bridges don’t work.  They still said no.”

–President Obama, remarks to the Building and Construction Trades Department conference, April 30, 2012

You have to love the little veiled bits of populism he pitches in there – “maybe he doesn’t drive anymore”, as if Obama does.

The point, however, is every bit of that is baloney per Kessler:

Back in September, when President Obama first unveiled his jobs bill, we gave him Three Pinocchios for remarks he made regarding the aging Brent Spence Bridge on the Ohio River. The bridge connects Kentucky and Ohio, the home states of House Speaker John A. Boehner (R-Ohio) and Senate Minority Leader Mitch McConnell (R-Ky.), and it was irresistible symbolism for the White House.

The crumbling infrastructure of the nation’s bridges is certainly an important issue, but symbolism can only go so far. The administration could never explain what, if anything, the jobs bill would do to improve the Brent Spence Bridge, especially since construction was not slated to start until 2015 — and Obama’s jobs bill would spend most of its money in its first year.

Moreover, there is a long history of bipartisan support for this project, but Obama framed it as if the Republicans were blocking its reconstruction with their opposition to his legislation.

When we heard the president’s words Monday, we feared he was slipping back into his old habits. Once again he framed it as GOP opposition to fixing the Brent Spence Bridge. But then he upped the ante by mentioning other bridges “between Kentucky and Ohio” that “don’t work.”  So what’s he talking about?

Of course the three Pinocchios awarded then didn’t slow him down a bit, did it.  I’ve always been careful when I use the word “lie” or “liar”, because of the propensity today for people to call mistakes and the like lies.  A lie is a knowing falsehood.  So, after having this “mistake" pointed out previously (and don’t ever think the White House didn’t see that previous rating), Obama doubles down and throws it out there again.  That, my friends, makes it a lie.

When the administration was confronted with the facts of the case, the usual prevarication began:

An administration official said the president was referring to the Sherman Milton Bridge, which actually connects Indiana and Kentucky, near Louisville. Back in September, Indiana Gov. Mitch Daniels (R) had to shut down the bridge because a 2 ½ inch crack had been discovered.

The bridge carries Interstate 64, so the bridge’s closure forced drivers to make major changes in their driving routes. Shortly after the shutdown, a Transportation Department blog declared that this bridge was “another example of why this [the president’s jobs bill] is so crucial.”

But here’s the rub: While Obama claimed “these bridges don’t work,” the Sherman Milton Bridge has already been repaired, ahead of schedule, and motorists are driving over it again.

But again, the claim is found to be baseless.

It turned out that, rather than being an example of an aging bridge, the crack that had been discovered actually had been there ever since the bridge was constructed in 1962, because of the type of steel used at the time. Other repairs were ordered, and the bridge reopened nearly three months ago — without needing any of Obama’s jobs-bill funds.

Another nearby bridge, the Kennedy Bridge, will soon undergo redecking, but officials said the work will not lead to a shutdown. Again, the work is being done without Obama’s jobs-bill money.

The facts don’t at all support the President’s statement.  So what was the purpose of the lie?  To cast political opponents in an unfavorable light – the usual purpose of deliberate political lies.  And these were deliberate political lies.

Of course you’d think, confronted with the facts, the administration might back down a bit?  But instead they apparently thought that doubling down was the best way to go:

“The President was making a point about the need to rebuild our infrastructure and the job creation opportunities that come with that, and was pointing to Ohio River area projects to illustrate the point that these kinds of projects are right in the Congressional Republican leadership’s backyards,” the administration official said.

Yup.  And they were being handled by a bi-partisan state level coalition without a dollar of Obama’s “jobs-bill funds”.

Kinda stings, doesn’t it Mr. Obama?

Four Pinocchios.

Well done, Mr. President.  A record that may be tied but never bested.

“Forward”.

~McQ

Twitter: @McQandO


About spiking the bin Laden football

This does an adequate job of saying what needs to be said:

 

 

“Unseemly” describes it best. But when the rest of your record is so abysmal, unseemly is all you have. 

As for the rest of it:

The truth is that getting bin Laden was the top counterterrorism objective for U.S. intelligence since well before the Sept. 11, 2001, attacks. This administration built on work pain­stakingly pursued for many years before Obama was elected — and without this work, Obama administration officials never would have been in a position to authorize the strike on Abbottabad, Pakistan, that resulted in bin Laden’s overdue death.

Most reasonable people have already figured that out despite the “look I did it” claims of Obama.  Critics can trash Mitt  Romney all they want, but he was right – even Jimmy Carter would have made the call Obama made.  And, had the operation gone wrong, despite what Bill Clinton says, the target would never have been known (until possibly, much, much later).  America would have simply believed that one of hundreds of special operations that were conducted monthly, had gone south.  It is war.  It happens.

And, of course, what was the concern from Clinton?  Politics, of course.  Nothing more, nothing less.

“Gutsy”.

~McQ

Twitter: @McQandO

michael kors outlet michael kors handbags outlet michael kors factory outlet