Durable goods orders rose 0.8% in April, mainly on transportation orders. Ex-transportation orders rose 0.1%. On a year-over-year basis, orders are up 7.1%, while ex-transportation orders are up 4.8%.
The Federal Housing Finance Agency (FHFA) House Price Index rose 0.7% in March, and is up 6.4% over last year.
The S&P/Case-Shiller home price index for March was up 1.2% on a seasonally-adjusted basis.
The May Purchasing Managers’ Index (PMI) US Services Flash rose 3.0 points to 58.4.
The Conference Board’s consumer confidence index rose 0/7 points in May to 83.0.
The Richmond Fed manufacturing index was unchanged at 7 in May.
The State Street Investor Confidence Index for May rose 0.5 points to 119.5.
The Dallas Fed general business activity index fell 3.7 points to 8.0 in May. The production index plummeted to 11.0 from 24.7.
I remember well the liberal Democrat echo chamber calling G W Bush “incompetent”. It was their mantra. Their rehearsed talking point. And the went on the weekend shows and in front of every camera they could find to repeat it. Over and over and over.
If Bush was incompetent, what in the world does that make Obama? This inept and incompetent White House just outed their own CIA station chief in Afghanistan in a picture of the Obama trip there over the Memorial Day weekend. A trip clearly designed to distract from the growing VA scandal goes south in a heartbeat because of … gross incompetence.
Anyone remember Valerie Plame? That pales in comparison to this idiocy. Pales? It doesn’t even get on the radar screen in comparision.
And don’t get me started about the VA.
But speaking of VA, it does indeed again make the point that the government – and especially under this particular administration – can’t run health care … period. And no, I’m not saying a more competent administration could. The VA has been plagued by problems for decades. The fact that they’ve gotten worse under this President doesn’t at all surprise me. But what may surprise you is this:
Since 9/11, the VA budget has increased by 235%, from FY2001′s $45 billion annual budget to FY2014′s $150.7 billion. On a percentage basis, the only Cabinet agencies that had larger budget increases over that arc have been State (271%) and Homeland Security (245%), the latter of which barely existed at the start of that period. In the Bush era, comparing the final budget with his signature (FY08) to the final Clinton budget (FY01), VA spending rose 88.3% to $84.7 billion. Defense spending rose 104% in the same period.
Barack Obama ran in 2007-8 on failures at the VA, promising more resources and better management. In comparison to that final Bush budget — don’t forget that Obama signed the FY2009 budget in March 2009 with the omnibus spending bill after a Democrat-controlled Congress refused to deal with Bush — VA spending has risen dramatically as well. The annual budget rose 78% in six budget cycles, with double-digit increases in four of the six years — while Defense spending was flat. No other Cabinet agency had a larger budget increase by percentage during Obama’s tenure. The closest was Agriculture (64%), followed by State (59%, which tends to discredit the canard about the Benghazi failure being caused by a lack of resources). Only HHS had a larger annual budget increase in terms of dollars spent, but it amounts to a 37% increase in spending from the FY2008 baseline. The amount of increase in the VA’s budget in the Obama era, $65.9 billion, exceeds the entire VA budget in the FY2004 budget.
So it wasn’t money. As usual it was leadership. How many freakin’ times do we have to hear this incompetent who is President say he learned about the latest scandal from television news? For 6 years it has been all his and he has no idea what is going on in his own executive departments. For that matter, neither do his secretaries. The Health and Human Services absolutely blew the launch of the health care website. Something that is done successfully everyday in the commercial world. And where did Mr. Obama learn about it? TV. He certainly had no idea that it was a bust before then.
Why? Because he didn’t bother to check. Didn’t bother to ask hard questions or require a demonstration. He didn’t lead. He had already waved his magic hand and told them to get it done. Words equal action in his world.
Same with the VA. After lambasting the former administration for its failures in reference to the VA, he, in 6 years and billions of dollars, hasn’t improved it on iota. And more grating than anything is he didn’t care enough to check. He didn’t KNOW! His secretary didn’t know! An pattern of failure repeated in this administration since the beginning. Instead the usual liberal panacea was applied: throw money at it and the problems will go away. Just check out public education to see how well that’s worked – or the “War on Poverty”, etc.
Nope, this was a culture problem and a leadship problem. The culture still survives and thrives and the leaders are nowhere to be found. Oh the guys who are supposed to be in charge are still kicking, but they’re sitting in front of their television sets to see if there have been any new developments. Meanwhile, this is going on and has been going on:
The VA department has been directly providing health care to millions of veterans for decades and evidence is growing that relying on the system can literally be a fatal decision. The Washington Examiner’s Mark Flatten reported May 12 that a Texas VA clinic implemented a cost-cutting measure in 2010 that required a patient to undergo three positive bloody stool screens before the government would approve a colonoscopy. Dr. Paul Krugman, who protested the policy while serving in the VA facility, told Flatten that “by the time that you do the colonoscopies on these patients, you went from a stage 1 to a stage 4 [colorectal cancer], which is basically inoperable.”
As many as 15,000 vets were subjected to this treatment. There is no way of knowing how many died because they spent their final days at home or in a private facility. Suffering and dying in obscurity due to a cost-cutting measure by a government-run health care system is the ultimate SNAFU, and nobody can guarantee it won’t be an commonplace under Obamacare.
Hell of a way to treat our veterans, isn’t it – but then when its all about bureaucrats and budgets, the focus isn’t on patients is it? That’s government run health care in a nutshell.
Silver lining? The VA, with a population of 9 million to serve, can’t get the job done competently and has, for the most part never been able to do so. THAT is the story of government run health care. And all you need to cement that fact firmly in your head is to read the open letter one of our veteran triple-amputees penned this past week:
I remember candidate Obama promising to overhaul the VA and reduce the backlog. You claimed that America’s support for its veterans is obvious by the way we treat our vets. You really nailed that one didn’t you?
Just like you were going to fix Detroit or fix foreign policy. Your high school like approach to solving complex issues can’t be fixed by tweeting hashtags with propaganda to people who want to kill us. Anyone with an ounce of common sense can see you’re unfit to lead our nation, let alone act as our Commander In Chief. What our country needs now, more than ever is real leadership, someone who doesn’t wait for a crisis, but is able to foresee an issue and deal with it before it happens. Unfortunately for America, you’ve been too busy campaigning and don’t have time to deal with the health care crisis of our veterans. The only thing you seem to care about is your own radical agenda, and now our vets are paying for your negligence with their lives.
As I sit here typing this out I’m dealing with my own VA nightmare which involves the Phoenix VA. I have given 3 limbs for this country, but apparently that is not enough. A “clerical error” made by a VA employee has resulted in nearly a year of abuse and mismanagement of my case. In other words, the VA is stealing over $7000 from my disability compensation that I earned when I lost 3 of my limbs for our country.
On this Memorial Day, as I battle your incompetent bureaucrats my family would like to thank you for once again failing our veterans. We can’t help but wonder about the disastrous socialized medicine program that we will surely be dealing with if Obamacare is allowed to be fully implemented. If our incompetent VA cannot handle government healthcare for a fraction of our population, who would be foolish enough to believe a massive health care system designed to provide health care for all American’s would be any different? You can’t even find someone to build a competent website to work for your socialized medicine program when you had your name attached to it, so why would you care about our veterans when you could so easily push the blame off on someone else?
The Department of Veterans Affairs says it will let more veterans obtain health care at private hospitals, VA Secretary Eric Shinseki announced Saturday.
That’s right … just like Canada used US private hospitals to bail its government run system out when it came to wait times, the VA is planning the same thing. To anyone with an IQ above a donkey, that ought to tell you something.
A few months ago, the “Amazon Book Editors” put up a list with the description “100 Books to Read in a Lifetime: A bucket list of books to create a well-read life”.
It contains some good (1984, Pride and Prejudice, The Right Stuff), some decent-but-thought-provoking (Man’s Search for Meaning), some leftist cant (Silent Spring), and a disproportionate amount of lightweight fiction, books for children, and books for young adults. I’m guessing this is a consequence of Amazon editors skewing rather young.
I think the list lacks broad perspective. It is weak on science, with only the often-purchased-but-seldom-read Brief History of Time plus an obscure book on nutrition. There’s nothing on technology, nothing on business unless you count Moneyball, nothing military (though it does have two books about the victims of WWII), and weak on history.
Fittingly for a Seattle-based company, the list leans left. I mentioned that Silent Spring is there, which is disturbing given the damage and death caused by its inaccuracies and environmental hysteria. It also contains Fahrenheit 451, which is the soft lefty’s go-to entry when they think they just have to cite a science fiction book. I could name a hundred better science fiction books off the top of my head, but most are from authors who have a nasty habit of not leaning left.
While the list is worth browsing through, I thought the largest bookseller in the world should have done better. That started me thinking about the list I would recommend. My list would contain books that gave me some of the greatest return on investment in reading them. That might be by changing or refining my worldview. It might be simply great entertainment. Some of the very best combine both.
It would be the best books I could name from a wide variety of fields. Being easily bored, I’m more of a generalist than a specialist, and I like to read lots of different kinds of books. So I began composing a list, and extended and refined it several times over a few months.
Creating such a list involves some tough choices between certain books that cover the same territory. I have dodged that by having some of my entries be categories, in which I think a well-read person should be exposed to the category, but not necessary any single work in the category.
For some works and authors, I also included some follow-on suggestions.
I ended up with about 50 books and categories. Here, then, are the books I think ought to be a bucket list for a well-read person, in alphabetic order except that I separated out the science fiction and placed it at the bottom.
The ones that are also on Amazon’s list have an asterisk. No doubt I’ve left off some obvious works, and no doubt our sharp and excellent commenters will remind me.
Weekly initial jobless claims rose 28,000 to 326,000. The 4-week average fell 1,250 to 322,500. Continuing claims fell 13,000 to 2.653 million.
The Chicago Fed National Activity Index fell sharply from 0.20 to -0.32 in April.
The Markit PMI manufacturing index flash for May rose 1.8 points to 56.2.
The Bloomberg Consumer Comfort Index fell 3 points to 34.1in the latest week.
Existing home sales rose 1.3% in April to a 4.65 million annual rate. Sales are still down -6.8% on a year-ago basis, however.
The Conference Board’s index of leading indicators rose 0.4% in April.
The Kansas City Fed manufacturing index rose 3 points to 10 in May.
The Fed’s balance sheet fell $9.1 billion last week, with total assets of $4.328 trillion. Total reserve bank credit rose by $2.7 billion.
The Fed reports that M2 money supply rose $4.6 billion in the latest week.
America used to be famous for its men and women of action. Now? Now we’re governed (ruled?) by a group of narcissists who think that selfies and hashtags equal action:
In the 21st century, we have regressed to the Freudian phallic stage of development, reaching in, back in short pants with our hands all the way down them, which gives one a rather limited impression of the elephant in the room.
The “Bring Back Our Girls” campaign, directed at the fanatical Islamist slavers in Nigeria, has inspired selfies from U.S. senators and the wife of the president of these United States, while State Department spokesman Jen Psaki, the Pippi Longstocking of the diplomatic world, took to Twitter to photograph herself with a “United for Ukraine” placard. To confront the heinous crimes of Boko Haram, a U.S. senator has many options — for example, introducing an authorization to use military force against said terrorist franchise. The U.S. State Department has many tools at its disposal for confronting the expansionist tendencies of Vladimir Putin.
The selfie is not among those tools.
But it seems to be the tool of choice with this bunch. Well, that and deploying hashtags. How utterly useless and embarrassing is it to see our supposed leaders resorting to this sort of self-centered “action”?
Very. Oh, it’s an action – it’s all about the PR for them. It feeds their need to feel superior and show they “care”. Actually do something to address the situation in question? Yeah, that’s hard.
But that’s what we get for “leadership” from this crew:
Imagine, if you can, the abjectly juvenile state of mind necessary to contemplate the hundreds of Nigerian girls taken into slavery by a fanatical Muslim anti-education militia — whose characteristic activity beyond slave-taking is setting fire to children — and, in the face of all that horror, concluding: “You know what this situation really calls for? A cutesy picture of . . . me!” Bad enough when your cousin Caitlin at Bryn Mawr does that — but senators? State Department officials? These are men and (disproportionately, I think) women of power and influence, who have the ability to engage with the world and change it. But they are enchanted by the unique witchcraft of the age of social media, the totemic power of the digital expression of the self. It is not accidental that the only good selfie in the history of world leaders came well before the invention of Twitter from a man with an ego sufficiently robust not to require the constant reinforcement that is the psychic lifeblood of Millennials (and Washingtonians well old enough to know better), without which they find themselves paralyzed.
Can a leadership group take the reins from this group and do worse? Oh you bet. But with the bar set as low as the Obama administration has set it, it would take a real concerted effort to do worse. Of course, there’s Hillary. However the one positive thing the Obama administration has done in its seemingly endless tenure is rescue Jimmy Carter. He is now only the 2nd worst president ever. At least his administration was mostly peopled by adults.
Yes, that’s right … scientists. Here’s their opening. As you’ll see, they don’t mince words nor do they show much respect for the nonsense spouted in the NCA or those who produced it. And I don’t blame them:
The National Climate Assessment – 2014 (NCA) is a masterpiece of marketing that shows for the first time the full capabilities of the Obama Administration to spin a scientific topic as they see fit, without regard to the underlying facts. With hundreds of pages written by hundreds of captive scientists and marketing specialists, the administration presents their case for extreme climate alarm.
As independent scientists, we know that apparent evidence of “Climate Change,”however scary, is not proof of anything. Science derives its objectivity from robust logic and honest evidence repeatedly tested by all knowledgeable scientists, not just those paid to support the administration’s version of “Global Warming,” “Climate Change,” “Climate Disruption,” or whatever their marketing specialists call it today.
We are asked to believe that humans are drastically changing the earth’s climate by burning fossil fuels. The problem with their theory is very simple:
It is NOT true.
Here we address the administration’s basic thesis and the essential evidence that they claim support extreme concern. The theory of ‘Catastrophic Anthropogenic Global Warming’ (CAGW) is based on a string of inferences that begins with the assumptions that carbon dioxide is a ‘greenhouse gas’ and that we are slowly driving up the atmospheric concentration by burning fossil fuels. It is therefore claimed as self-evident that the Global Average Surface Temperature (GAST) has already risen significantly and will continue to do so.
Higher GAST is then presumed to lead to all sorts of negative consequences, especially Extreme Weather. They promote their ‘Climate Models’ as a reliable way to predict the future climate. But these models dramatically fail basic verification tests. Nowhere do they admit to these well-known failures. Instead, we are led to believe that their climate models are close to perfection.
This document is structured around a “fact-check,” where we quote a number of the government’s key claims in the NCA and show each to be invalid. The first three claims involve their three crucial scientific arguments (Three Lines of Evidence or 3 LoE), which, if valid, would satisfy a necessary, but not sufficient, condition for making their case. But each is easily shown to be false; and because each is crucial, their entire theory collapses. That means that all of the overblown “Climate Disruption” evidence that they mention, whether true or not, cannot be tied back to man’s burning of fossil fuels. Hence, efforts to reduce or eliminate Extreme Weather by reducing the burning of fossil fuels are completely nonsensical.
They then present a point by point rebuttal of the “3 LoE”, pointing to evidence that shows them to be demonstrably false. And, as they point out, since those 3 LoE are the foundation of the CAGW theory, the theory collapses.
It’s a light week for economic data. Only weekly retail sales numbers are on tap for today. ICSC-Goldman reports weekly retail sales down -1.3%, and up only 2.4% on a year-over-year basis. Redbook reports a 3.9% increase in retail sales over last year, which is also slowing from last week.
What we all know about liberals is they’re big on “talking the talk”, but when it comes to “walking the walk”, yeah, not so much.
On April 10th, the Service Employees International Union (SEIU) filed the forms with the National Labor Relations Board to hold an election to unionize 50 employees working for the George Soros-funded progressive media watchdog, Media Matters for America (MMFA). In response, Media Matters has hired a high priced law firm with experience combating unions to represent the company, indicating that the pro-union MMFA is fighting the action.
Oh, yeah, that’s right … union touting and supporting MMFA isn’t about to let the SEIU (who has donated to MMFA in the past) unionize their shop. Nope. Because, well, unions are bad?
If what the law firm they’ve hired has written about their services is any indication of MMFA’s stance on the subject, then yes, union’s are bad:
Whether directly negotiating collective bargaining agreements, developing strike contingency plans or defending unfair labor practice proceedings, Perkins Coie Labor & Employment attorneys provide employers with decades of experience managing traditional labor law issues. We have been at the bargaining table for some of the largest union employers in the United States and regularly appear before the National Labor Relations Board (NLRB) and in state and federal court on behalf of employers of all sizes. Our depth of employment litigation experience contributes to cost-effective representation in arbitrations under collective bargaining agreements.
As the Obama NLRB continues to issue union-friendly decisions, we understand the attendant challenges that employers face in developing and maintaining productive employee relations and economic sustainability.
So, now that MMFA has “lawyered up” and is fighting tooth and nail against something it advocates and claims it supports elsewhere, what should we conclude about MMFA?
Yup, as with most of the left, they’re the epitome of hypocrisy. The Dons of “do as I say, not as I do”.
Because you’re the “little people” and they’re our “betters”. And we should remember that the elite always know what’s best for the little people, even if they personally want no part of what they prescribe for us.
Truth Revolt lays out a nice little synopsis for us:
- SEIU (a group of left-wing bullies) has donated to MMfA (a group of left-wing bullies) to utilize their bullying tactics against media outlets that challenge union interests
- MMfA employees want SEIU representation to help them gain better pay and work conditions
- MMfA is resisting the move and has forbidden open voting or “card check,” something they’ve advocated for in the past
- SEIU is now trying to publicly shame MMfA (a tactic MMfA uses to silence their opponents) by using MoveOn.org (a group of left-wing bullies) to host a petition
You just can’t make this stuff up.