If we want to know what will happen to an area governed completely by the same lib/left policies that Obama and too many others would love to roll out nationally, all we have to do is look at Detroit. Governor Snyder has now declared the city a financial disaster area, but it’s also a disaster in other areas: Educationally; socially; economically; legally; the Lions.
Gov. Rick Snyder’s decision to appoint an emergency financial manager to fix Detroit’s escalating fiscal crisis kicks off a chain of events — a potential challenge from the city’s elected leaders, more vocal opposition from infuriated community groups and unavoidable battles ahead over the decisions the new boss will make.
But Snyder said Friday after his announcement, broadcast on TV and online, that while he recognized the gravity of Detroit’s troubles, quick, early successes in fixing broken streetlights and improving the city’s police service will help build confidence among residents that a state takeover will mark a painful but beneficial turning point for the Motor City.
“I look at today as a sad day, a day I wish had never happened in the history of Detroit, but also a day of optimism and promise,” Snyder told a select audience gathered at a Midtown TV studio.
Citing runaway deficits and staggering long-term debts Detroit could never repay on its own, Snyder declared the city to be in a financial emergency, paving the way for the appointment of an emergency manager later this month.
As with most liberal grand plans, somebody else gets stuck paying for their failed schemes. But, to paraphrase Margaret Thatcher, at some point there will be a rude awakening, because eventually they’ll run out of other people’s money.
The number of people who have fled the city really struck me late last summer. We went to a Tigers game, and some surrounding areas where previously you might have been afraid to make a wrong turn and get lost were nearly completely abandoned — neighborhoods turned crack dens turned ghost towns. Detroit is like “The Day After” except instead of a nuke the weapon is progressive politics run amok.
I have to admit that the “climate change” sham is brilliantly devised. If it’s colder than normal, that’s evidence of man-caused climate change. If it’s warmer than usual, that’s evidence of man-caused climate change. And now politicians who are killing the economy and putting people out of work (where they all too often stay) can claim that they’re saving the planet:
Want to reduce the effects of global warming? Stop working so hard. Working fewer hours might help slow global warming, according to a new study released Monday by the Center for Economic Policy and Research.
A worldwide switch to a “more European” work schedule, which includes working fewer hours and more vacation time, could prevent as much as half of the expected global temperature rise by 2100, according to the analysis, which used a 2012 study that found shorter work hours could be associated with lower carbon emissions.
The Center for Economic Policy and Research is a liberal think tank based in Washington.
In the old days if you made an effort and put in a lot of hours to better yourself and improve your station in life, you were called a hard worker. Now you’re an eco-terrorist.
There are 8.5 million more Americans not in the labor force than there were when Obama took office. In other words, the US president is doing his part to combat global warming.
As evidenced in his speech yesterday, President Obama continues to blame the upcoming “sequester” cuts on Republicans, while warning of dire consequences:
Surrounding himself with a group of emergency responders whose jobs he said are on the line, Obama said the looming “sequester” of $85 billion would weaken national defense, disaster response, health care, education, energy development, medical research, border security, FBI investigations, federal prosecutions, air traffic control and airport security.
The cuts are “not smart,” “not fair,” and “people will lose their jobs,” Obama said.
However, the sequester was not only partly the White House’s idea, but last year President Obama threatened to veto any efforts to undo the cuts. But don’t take my word for it:
Meanwhile, the Pentagon announced plans for 800,000 civilian layoffs due to the sequester that President Obama blames Republicans for but President Obama demanded remain in the spending bill. Nobody in our illustrious press corps seems to be asking Obama why he signed the bill if the sequester is so horrible. I guess the MSM’s too busy getting the scoop on Tiger (breaking: Obama’s got an “amazing touch” on the golf course).
The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.
The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.
The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That’s a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.
The surprise contraction could raise fears about the economy’s ability to handle tax increases that took effect in January and looming spending cuts.
Let me get this straight… in September of 2012, the Federal Reserve launched QE3 in order to “rev up the economy.” In the 4th quarter the economy posted a “stunning drop,” and in reaction the first thing the Fed is talking about is doing another round of “quantitative easing”?
In a blog post on the New York Times website, columnist Paul Krugman says no to serving as treasury secretary. Which is clarifying, even though he was never offered the job anyway.
“Yes, I’ve heard about the notion that I should be nominated as Treasury Secretary. I’m flattered, but it really is a bad idea,” writes Krugman.
The first reason Krugman lists is, he admits, that he’s “indeed the World’s Worst Administrator — and that does matter.”
The second reason: “Oh, and there’s not a chance that I would be confirmed.”
But the foremost reason, according to the guy who was never offered the job in the first place, “is that it would mean taking me out of a quasi-official job that I believe I’m good at and putting me into one I’d be bad at.”
I’ll bet the real reason is that Krugman wouldn’t want to be directly accountable when his pet theories that work in New York Times articles and in academia go down in flames after being applied to the real world — the ones that haven’t already, that is.
The push to draft Krugman for Treasury Secretary is that of Danny Glover and MoveOn.org, and nothing screams “great idea” like a proposal from those two.
One thing I’ll give Krugman here: it’s unlikely he would have done a worse job than Turbo Tim.
I couldn’t believe this story wasn’t from the United States, but I’m sure it’ll arrive soon — if it hasn’t already.
A man in Sweden is reportedly getting state disability benefits due to a crippling addiction to heavy metal:
According to the Global Post, 42-year-old Roger Tullgren said he consulted three psychologists to testify his addiction to the Devil’s Rock, which led to him attending over 300 concerts last year, leaving him seemingly unable to hold down a job.
“I have been trying for 10 years to get this classified as a handicap,” he told Swedish newspaper The Local. “I spoke to three psychologists and they finally agreed that I needed this to avoid being discriminated against.”
According to the report, he now has a part-time job as a dishwasher at a restaurant in Hassleholm, which will be supplemented by disability benefits. Tullgren’s new boss has agreed to let him rock out to Slayer as loud as he wants while scrubbing dishes, so long as it doesn’t disturb guests. He has even agreed to grant Tullgren time off to go to gigs.
I’ve heard there’s treatment available for this addiction in the Yngwie Malmsteen wing of the Betty Fjord clinic in Goteborg, but that won’t happen as long as the Swedish government keeps enabling him.
Sometimes people are diagnosed with the opposite problem — a life completely devoid of heavy metal — and the disorder is usually discovered after a doctor notices the patient’s blood work shows an Iron Maiden deficiency. Sorry…
Tullgren, pictured above, has promised to get medical help with his addiction — unless Sabbath, Pantera, Motorhead or Judas Priest are touring
The Federal Reserve will spend $45 billion a month to sustain an aggressive drive to keep long-term interest rates low. And it set a goal of keeping a key short-term rate near zero until unemployment drops below 6.5 percent.
The policies are intended to help an economy that the Fed says is growing only modestly with 7.7 percent unemployment in November.
The Fed said in a statement issued Wednesday that it will direct the money into long-term Treasurys to replace an expiring bond-purchase program. The new purchases will expand its investment portfolio, which has reached nearly $3 trillion.
If this were to go on a year, that’s $540 billion worth of QE — or “money printing” as we used to say. That’s over $4,000 per household in the United States. And in the end we’ll be back right where we are (or worse)… with some inflation added for flavor.