Just in Case You Thought We Had Turned The Corner on Jobs

by Pejman Yousefzadeh on February 22, 2012

Along comes Gallup to inform us that there is trouble ahead:

Unemployment could rise back to 9 percent of the U.S. population in Feburary, according to a Gallup survey released Tuesday, painting a grim picture for the Obama administration, which had been temporarily buoyed by promising jobs figures at the end of January.

Gallup’s mid-month reading, which traditionally previews the government report issued at the end of the month, shows a rise of seven-tenths of a percentage from the 8.3 percent unemployment rate at the end of January. That would be the worst unemployment figure since September of last year.

[. . .]

“Regardless of what the government reports, Gallup’s unemployment and underemployment measures show a sharp deterioration in job market conditions since mid-January,” the firm said in a statement accompanying the release of the data.

One imagines that Team Obama–along with bloggers determined to misunderstand everything so long as misunderstanding helps the president’s re-election prospects–will ignore the Gallup report until such time when its predictions are confirmed.

Once they are confirmed, they will revive their traditional practice of blaming George W. Bush for everything that goes wrong during Barack Obama’s time in office.

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Tumbling Around the Intertubes: February 21, 2012

by Pejman Yousefzadeh on February 21, 2012

1. Paging Marcel Proust.

2. Google glasses.

3. What Stephen Sondheim learned from Leonard Bernstein.

4. Forty years ago, Richard Nixon commenced his famous trip to China.

5. In the event of a zombie apocalypse, do not wear this.

6. Oh, come on. At least give the poor guy partial credit.

7. 144 years ago today, a resolution to impeach a president.

8. One way to survive an avalanche.

9. When Internet memes meet the city of Chicago. I agree that the traffic panel is lame; we spend most of our time trying to brave the winter.

10. John Glenn enjoyed quite a view.

11. I found him. Where does he get all of those wonderful toys?

12. Going to the mattresses.

13. The dinosaurs can’t be far behind.

14. Assembling a human skeleton.

15. For die-hard LEGO fans only.

16. Let’s get ready to re-release one of the worst movies ever made.

17. And once again, Batman shows up in the strangest place.

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Rick Santorum:Presidential Candidates::Church Lady:SNL Characters

by Pejman Yousefzadeh on February 21, 2012

This is what happens when Rick Santorum is in the spotlight:

“Satan has his sights on the United States of America!” Republican presidential hopeful Rick Santorum has declared.

“Satan is attacking the great institutions of America, using those great vices of pride, vanity, and sensuality as the root to attack all of the strong plants that has so deeply rooted in the American tradition.”

The comments are from 2008, but that really doesn’t matter much. What does matter is the fact that Santorum’s candidacy distracts from a focus on the economy that could help Republicans win votes, beat Barack Obama, keep the House, and potentially take the Senate. As such, Rick Santorum’s Miltonian, Dante-esque musings don’t merely make his candidacy look silly to a great many people. They interfere with the Republican message, muddy up the Republican brand, and make it easier for Barack Obama to win re-election.

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Tumbling Around the Intertubes: February 20, 2012

by Pejman Yousefzadeh on February 20, 2012

1. A profile of Magnus Carlsen. And a highlight on Carlsen’s ruthless streak.

2. Keep on singing, goddess.

3. This apparently is a thing.

4. Your Presidents’ Day dose of Theodore Roosevelt.

5. Today is the 50th anniversary of the flight of Friendship 7.

6. George Washington wasn’t America’s first president.

7. The 20 most beautiful bookstores in the world.

8. An important anniversary for Swan Lake.

9. An important milestone for The Simpsons. Also: Duff Beer!

10. Making art out of coffee ring stains.

11. The actual most interesting man in the world.

12. The economics of constructing the Death Star.

13. How to fight twenty children.

14. On Ben Jonson.

15. How to shake hands like Jeremy Lin.

16. Could you get a job with Thomas Edison?

17. New York has the most unusual libraries.

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Rick Santorum? Seriously???

by Pejman Yousefzadeh on February 20, 2012

When your candidacy gets caught up in arguments about religion instead of the godawful economy that is on the mind of just about every voter in America, and when you attack your main opponent for the Republican presidential nomination for taking congressional earmarks for the Olympics that you yourself voted for, then you pretty much have no business whatsoever passing yourself off as a legitimate candidate for the presidency.

I don’t know how much longer the flirtation with Rick Santorum is going to continue. I do know that the longer it continues, the more Barack Obama profits.

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More Proof That the American Tax System Is Progressive

by Pejman Yousefzadeh on February 18, 2012

Behold. To be sure, redistribution is low, but that’s a different matter altogether–attempts to confuse progressivity with redistribution notwithstanding.

(Via InstaPundit.)

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The True State of the Employment Situation

by Pejman Yousefzadeh on February 18, 2012

It’s a whole lot worse than the Obama administration likes to pretend it is:

White House officials are trying to downplay the growing political damage caused by a shrinking federal statistic: the percentage of working-age Americans who actually have jobs.

The increasingly visible statistic shows that roughly 11 million working-age Americans are being excluded from the nation’s formal tally of 13.75 million unemployed Americans.

[. . .]

In 2000, 64.4 percent of working-age Americans had formal jobs, either full-time or part-time, according to Table B-35 on page 361. That was the measure’s high water mark.

The ratio drifted down to 63.0 percent in 2007 before hitting the skids in the 2008 recession that was largely caused by federal real-estate policies.

By October 2009, five months after the recession technically ended, the ratio hit bottom at 58.5 percent, where it remained two years later in December 2011.

Given the nation’s working-age population of 240.5 million, that 4.5 percent drop means that roughly 11 million Americans have fallen out of the workforce. They are excluded, however, from the nation’s formal unemployment rolls — which document only 13.75 million unemployed Americans.

By excluding those non-working Americans, the White House can claim that the formal unemployment rate has fallen to 8.3 percent in January 2012, down from a peak of 10 percent in 2009.

But that 8.3 percent rate only include unemployed Americans who have looked for a job in the four weeks before a sample is taken. It does not include the more than 11 million Americans who have given up looking for jobs or who have quit the workforce entirely.

Something to remember as election efforts ramp up and the White House–along with its allies in the media–tells us that the job outlook is getting better.

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The New Tone

by Pejman Yousefzadeh on February 17, 2012

This, presumably, is what “civility” looks like:

Charles Koch, his brother and employees have in recent months been getting death threats, hundreds of obscenity-laced hate messages, and harassment from some far left-wing groups, Koch said on Thursday.

“We are under attack from various directions, both with threats of violence against us personally, and with threats of attacks on our businesses,” Charles Koch said Thursday, in a phone interview from his office in Wichita.

Koch, the billionaire head of Koch Industries, rarely gives interviews, especially about the various political causes that he and his brother David support. The privately held company rarely releases information about its activities.

On Thursday, Charles Koch authorized employees to reveal the contents of hundreds of e-mails that the Kochs and employees have received in the last year, some of them containing death threats. “I hope you all DIE,” one e-mail, received last year, said. “You people are ruining our country, and all for $$$.” “Choose your expiration Date, Brothers…” said another. “The Koch brothers will DIE!!!!!” said another.

There were hundreds more — some from Wisconsin, where the Kochs were accused of aiding Gov. Scott Walker in his disputes against unions. Most of them were signed with what appear to be real names, many contained obscenities, and some Koch employees said these messages had made them nervous.

And of course, unlike the Gabrielle Giffords shooting, the threats of violence against the Koch brothers has a clear, discernible ideological tone. Which is why those who sought to demagogue the Giffords shooting for their own political purposes will say nothing about this.

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I Think I Have Finally Figured Hugo Chavez Out

by Pejman Yousefzadeh on February 17, 2012

He has the mentality of a second-grader:

Venezuelan president Hugo Chavez attacked the new opposition candidate for the country’s highest office as a “low-life … pig” in a defamatory speech broadcast on state radio and TV late Thursday.

As the country’s election season gets underway, Chavez said of opposition candidate Henrique Capriles that, “you have a pig’s tail, a pig’s ears, and you snort like a pig,” according to AFP.

On Sunday, the 39-year-old Capriles won an overwhelming victory in an opposition primary. He was quickly vilified in a campaign in Venezuela’s state-run media, which insinuated he was a homosexual and a Zionist agent.

Doubtless, Chavez fanswho display the same level of maturity–that Chavez does, approve of all of this. Note that this earlier post is pertinent to the discussion regarding what is going on in Venezuela.

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The Presidential Election Pattern Continues

by Pejman Yousefzadeh on February 17, 2012

Republicans do things that make it seem as though they are determined to lose the race. And then, Democrats respond in kind:

San Francisco philanthropist Susie Tompkins Buell, one of the Democratic Party’s most generous benefactors, is keeping her checkbook closed when President Obama holds high-priced California fundraisers this week.

“I want to look him in the eye and say, ‘Thank you so much’ ” for his work, said Buell, who expresses deep disappointment in the president’s leadership on environmental issues, especially climate change.

With Obama’s 2012 re-election campaign in full swing, “I would just love to write my big check … or have a high-dollar dinner here” on his behalf, she said. “I can’t.”

Buell, a co-founder of the Esprit clothing company, has donated millions of dollars to Democratic causes and presidential candidates, including Bill Clinton, John Kerry, Al Gore and her good friend, Hillary Rodham Clinton. In the past 10 years, she has given $25 million to progressive political and charitable causes and has raised $10 million for candidates and committees, her office said.

But as Obama flies from Southern California to San Francisco today to vacuum up donations in the reliable Democratic ATM, Buell will attend neither of his $35,800-per-plate fundraisers in San Francisco, nor a fundraising rally at the Masonic Auditorium.

Buell is a loyal Democrat, but says she hasn’t yet opened her wallet for Obama’s campaign and probably won’t anytime soon.

“I’ve just given so much money away, and I’ve never asked for anything,” she said in an interview at her Pacific Heights home this week. Now, “I’m asking for something: He’s got to be a leader.”

Buell and her husband, Mark Buell, have long devoted energy and money to environmental causes such as the Go Green Foundation, a San Francisco nonprofit designed to get young people involved in environmental causes. She said she is “very concerned that President Obama has not talked enough about this issue.”

“I thought that he really did understand ‘the urgency of now’ on climate change,” she said. “He has not been vocal enough … and I want to encourage him to lead me.”

Buell’s glaring absence from Obama’s fundraising events this week underscores the challenges the president has with his progressive base.

There may be a lot of discontent in conservative circles regarding Mitt Romney. But the discontent in liberal circles concerning Barack Obama is just as prevalent. Maybe even more so. If Republicans could just unite, and if Romney could just run a more deft campaign, this election would be the GOP’s for the taking. But I increasingly wonder whether the Romney campaign has it in them to create the conditions necessary to make Barack Obama a one-term president. Certainly, as they stand, the polls are currently against Romney in a one-on-one matchup against the president, and Intrade believes that the president has a nearly 60% chance of getting re-elected. If the Romney campaign is going to make its move to put Team Obama on the defensive, and to make this election about the president and his performance in office, they had better act quickly. Their window of opportunity may well be closing.

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Tumbling Around the Intertubes: February 16, 2012

by Pejman Yousefzadeh on February 16, 2012

1. “We had no idea that it was a pronunciation thing.”

2. Won’t Sean Penn do the right thing?

3. “To My Old Master.”

4. Richard Feynman was blessed with incomparable talent, and a wonderful marriage.

5. Well, duh.

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Yes Virginia, America IS Overregulated

by Pejman Yousefzadeh on February 16, 2012

To wit.

The usual suspects will continue to pretend that America is one giant Wild West town, where no rules apply. I respectfully request that they get voted out of any offices they may hold, and laughed out of any civilized gatherings they try to be a part of.

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Shorter Mitt Romney

by Pejman Yousefzadeh on February 16, 2012

“Part of my economic plan to revive America will be a trade war with China which will only serve to hurt American consumers, and harm the world economy in general.”

And people wonder why there are doubts about Romney’s candidacy. I am sure that he knows better than to threaten a trade war. Too bad he pretends otherwise.

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I don’t know, as I haven’t done the legal research necessary to answer the question. I do know, however, that rent-control is tremendously bad public policy–as George Will points out:

This “taking” has been accomplished by rent-control laws that cover almost 1 million — approximately half — of the city’s rental apartments. Such laws have existed, with several intervals of sanity, since the “emergency” declared because returning soldiers faced housing shortages caused by a building slowdown during World War I.

Most tenants in rent-controlled units can renew their leases forever. Tenants can bequeath their rent-controlled apartments — they have, essentially, a property right to their landlord’s property — to their children, or to a friend who lives with them for two years . This is not satire; it is the virtue of caring, as understood by liberal government.

The tenants in the Harmons’ three rent-controlled units are paying an average 59 percent below market rates. The Harmons would like to reclaim one apartment for a grandchild, but because occupants of two of the units are over 62, the Harmons would have to find the displaced tenant a comparable apartment, at the same or lower rent, in the same neighborhood.

In addition to rent control’s random dispersal of benefits — remember, half of the Harmons’ apartments are uncontrolled — rent control is destructive because it discourages construction of new apartments and maintenance of existing ones.

Thus it creates the “emergency” it supposedly cures.

It exemplifies what the late New York senator Pat Moynihan called “iatrogenic government.” In medicine, an iatrogenic illness is induced inadvertently by a physician’s treatment.

We’ve been having a lot of iatrogenic government recently. The Supreme Court may not find rent-control to be unconstitutional. It may not even take the case–Will’s editorial seems to suggest that certiorari has not yet been granted. But that doesn’t mean that rent-control shouldn’t go the way of the dinosaur.

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Say It Ain’t So!

February 16, 2012

World Bank president Robert Zoellick has announced that he will step down on June 30th of this year. I have long been a fan of Zoellick’s–having gone so far as to try to write him in as vice president of the United States in 2008. I venture to say that my admiration for Zoellick is [...]

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Tumbling Around the Intertubes: February 15, 2012

February 15, 2012

Longtime readers will recall that I had an “Around the Intertubes” feature on this blog, which went away due to general laziness on my part. Now that I have started up a Tumblr blog, with lots of “Around the Intertubes”-ish material on it, I have decided to bring the category back under a slightly new [...]

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Why, Despite the Weakness of the Republican Field, Barack Obama Remains Politically Vulnerable

February 15, 2012

All explained in a chart: (Via Kevin Holtsberry.) I am sure that we will hear from Obamaphiles that all of this is George W. Bush’s fault. I am equally sure that if the previous president were a Democrat, the current president were a Republican, and all other things remained equal, real-life Obamaphiles would be entirely [...]

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Health Care Policy Enters the Twilight Zone

February 15, 2012

We are now to believe that an increase in health insurance costs counts as a “benefit.” The mind reels.

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My Latest Podcast

February 15, 2012

With Kevin Holtsberry and Sally Pipes on repealing and replacing the Obama administration’s health care reform bill.

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Jeffrey Zients Commits a Kinsley Gaffe

February 15, 2012

He told the truth by accident. Expect Team Obama to take him to the woodshed for it: Testifying before Congress this morning, President Obama’s acting budget director Jeffrey Zients directly undercut one of the administration’s key legal defenses of its national health care law as it nears a hearing before the Supreme Court. In a [...]

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