Free Markets, Free People

Daily Archives: June 18, 2013


Economics statistics for 18 Jun 13

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

In weekly retail sales, ICSC-Goldman reports a 0.3% weekly sales increase, and a 2.5% year-over-year gain. Redbook reports a 2.9% annual increase.

May Housing Starts rose 6.8% to a 0.914 million annual rate, climbing back from a steep drop the previous month.

The Consumer Price Index rose 0.1% in May, with core rate, ex-food and -energy, rose 0.2%. On a year over year basis, the CPI is up 1.4% while the core CPI rose 1.7%.

~
Dale Franks
Google+ Profile
Twitter Feed


And you wonder why we’re getting involved in Syria?

Really?

A growing number of Americans believe that senior White House officials ordered the Internal Revenue Service to target conservative political groups, according to a new national poll.

And a CNN/ORC International survey released Tuesday morning also indicates that a majority of the public says the controversy, which involves increased IRS scrutiny of tea party and other conservative groups seeking tax-exempt status, is very important to the nation.

Look, Obama’s legacy is important to Democrats because it may mean victory or defeat for the next Democratic presidential candidate.   And like it or not, a scandal plagued 2nd term isn’t going to help his legacy or the Democrat’s next chosen presidential candidate.  In fact, one of the reasons Obama is in the White House now is the successful negative portrayal of the Bush years by the left and the press.

In the case of Obama, the press and done it’s best to dampen the reach of the scandals, but it is, for once, failing in it’s endeavor.  The scandals are too wide ranging and hit too close to home to fears the citizenry has held concerning government’s abuse of power.  And make no mistake, these scandals are all about abusing power.

Last month only 37% of the public thought that the IRS controversy led to the White House, with 55% saying that agency officials acted on their own without direct orders from Washington. Now the number who say the White House directed that IRS program has increased 10 points, to 47%, virtually the same as the 49% who believe the IRS agents acted on their own.

“Younger Americans are much less likely than older Americans to believe in White House involvement, and there is, not surprisingly, a partisan divide as well,” says CNN Polling Director Keating Holland. “But the Obama administration may be losing independents on this matter. In May, only 36% felt the White House ordered the IRS to target conservative groups; now that number has crossed the 50% threshold.”

Of course naive youngsters who really haven’t been around for or paid attention to scandals of the past, certainly might want to believe their idol, Barack Obama, is involved in this.  But you can see as well as I can, as more and more info comes out, that minds are changing.  This is a serious shot at the Obama legacy.  Or at least that’s what 51% of Americans are saying:

Fifty-one percent of those questioned said the IRS controversy is a very important issue to the nation, compared to 55% who felt that way in May. In the past week and a half, the IRS story has been put a bit on the backburner, as the controversy over the federal government’s massive surveillance program has dominated the spotlight.

Ironic, no?  The 4% drop I mean.  It has dropped as a “very important issue to the nation” because another scandal has popped up.

So what’s the Obama playbook say you do when it goes from bad to worse?

Distract.

Hello Syria ….

~McQ