Posts Tagged ‘Economics’

Obamonomics 101

September 26, 2009

I was no big fan of George Bush, but this takes the cake!

It was only four years ago that Democrats stopped George W. Bush’s plan to reform Social Security (a case in which the word “reform” actually did mean making it better). At the time, then-Senate Minority Leader Harry Reid (D-NV) claimed, “Social Security, if we don’t do anything, [is] safe for approximately the next 50 years.” But time flies when you’re spending other people’s money. The Congressional Budget Office has determined that Social Security, for the first time since 1983, will have a cash deficit next year, though even that assumes overly optimistic payroll growth. By 2016, it will be running permanent deficits.

That being said, according to CNS News, “President Obama’s welfare spending will reach $888 billion in a single fiscal year — 2010 — more than the Bush administration spent on [the] war in Iraq from the first ‘shock and awe’ attack in 2003 until Bush left office in January.” During the campaign, of course, Obama used the federal debt as a bludgeoning tool against his opponent. “Because of the Bush-McCain policies, our debt has ballooned,” Obama warned in March 2008. “This is creating problems in our fragile economy. And that kind of debt also places an unfair burden on our children and grandchildren, who will have to repay it.” The Heritage Foundation’s Brian Riedl estimates, “President Obama’s budget will likely produce $13 trillion in deficit spending over the next 10 years — nearly $4 trillion more than forecast.” That’s about 10 times Bush’s last deficit.

Obama also complained about the cost of Iraq — “When Iraq is costing each household about $100 a month, you’re paying a price for this war” — but this doesn’t compute either. As another report from The Heritage Foundation indicates, “Applying that same standard to means-tested welfare spending reveals that welfare will cost each household $560 per month in 2009 and $638 per month in 2010.” Witness liberal “compassion.”

SOURCE

Ammunition Salesman of the year award!

September 24, 2009

As noted here on this blog, and picked up as a cliche across the internet and even a few MSM outlets Barack Obama is Gun Salesman of the year. Now, we are happy to tag him as “Ammunition Salesman of the Year” as well. For all the destruction of the American economy that he has heaped onto this nation there are two portions of the economy that are doing quite well. Firearms sales, and ammunition! Now, that is economic stimulus that really has meaning!

NEW ORLEANS — Bullet-makers are working around the clock, seven days a week, and still can’t keep up with the nation’s demand for ammunition.

Shooting ranges, gun dealers and bullet manufacturers say they have never seen such shortages. Bullets, especially for handguns, have been scarce for months because gun enthusiasts are stocking up on ammo, in part because they fear President Barack Obama and the Democratic-controlled Congress will pass antigun legislation – even though nothing specific has been proposed and the president last month signed a law allowing people to carry loaded guns in national parks.

Gun sales spiked when it became clear Obama would be elected a year ago and purchases continued to rise in his first few months of office. The FBI’s National Instant Criminal Background Check System reported that 6.1 million background checks for gun sales were issued from January to May, an increase of 25.6 percent from the same period the year before.

Full Story

How to deal with Bankers and Big Government Types

September 9, 2009

This was just to good not to share. It addresses banks, but could easily be applied to Senators and such. In fact, I’m going to be sending it to all my representatives… Enjoy!

Shown below, is an actual letter that was sent to
A bank by an 86 year old woman. The bank manager thought it
Amusing enough to have it published in the New York Times.

Dear Sir:

I am writing to thank you for bouncing my check with
Which I endeavored to pay my plumber last month.

By my calculations, three nanoseconds must have
Elapsed between his presenting the check and the arrival in
My account of the funds needed to honor it.
I refer, of course, to the automatic monthly
Deposit of my entire pension, an arrangement which, I admit,
Has been in place for only eight years. You are to be
Commended for seizing that brief window of opportunity, and
Also for debiting my account $30 by way of penalty for the
Inconvenience caused to your bank. My thankfulness springs
From the manner in which this incident has caused me to
Rethink my errant financial ways.
I noticed that whereas I personally answer your
Telephone calls and letters, — when I try to contact you,
I am confronted by the impersonal, overcharging,
Pre-recorded, faceless entity which your bank has
Become.

From now on, I, like you, choose only to deal with
A flesh-and-blood person. My mortgage and loan
Repayments will therefore and hereafter no longer be
Automatic, but will arrive at your bank, by check, addressed
Personally and confidentially to an employee at your bank
Whom you must nominate.

Be aware that it is an offense under the Postal Act
For any other person to open such an envelope. Please find
Attached an Application Contact which I require your chosen
Employee to complete. I am sorry it runs to eight pages, but
In order that I know as much about him or her as your bank
Knows about me, there is no alternative. Please note that
All copies of his or her medical history must be countersigned by a Notary Public,
And the Mandatory details of his/her financial situation (income,
Debts, assets and liabilities) must be accompanied by
Documented proof. In due course, at MY convenience, I will
Issue your employee with a PIN number which he/she must
quote in dealings with me

I regret that it cannot be shorter than 28 digits
But, again, I have modeled it on the number of button
Presses required of me to access my account balance on your
Phone bank service. As they say, imitation is the sincerest
Form of flattery

Let me level the playing field even further

When you call me, press buttons as
Follows:
IMMEDIATELY AFTER DIALING, PRESS THE STAR (*)
BUTTON FOR ENGLISH
#1. To make an appointment to see me
#2. To query a missing payment.
#3. To transfer the call to my living room in case I am there
#4. To transfer the call to my bedroom in case I am sleeping
#5. To transfer the call to my toilet in case I am attending to nature.
#6. To transfer the call to my mobile phone if I am not at home
#7. To leave a message on my computer, a password
To access my computer is required. Password will be
Communicated to you at a later date to that Authorized
Contact mentioned earlier
#8. To return to the main menu and to listen to
Options 1 through 7
#9. To make a general complaint or inquiry. The
Contact will then be put on hold, pending the attention of
My automated answering service.
#10. This is a second reminder to press* for
English. While this may, on occasion, involve a lengthy
Wait, uplifting music will play for the duration of the Call

Regrettably, but again following your example, I
Must also levy an establishment fee to cover the setting up
Of this new arrangement. May I wish you a happy, if ever so
Slightly less prosperous New Year

Your Humble Client

(Remember: This was written by an 86 year old
Woman) ‘YA JUST GOTTA LOVE ‘ US SENIORS’ !!!!!

And remember: Don’t make old ladies mad. They
Don’t like being old in the first place, so it doesn’t take much to set them off



Legal Tender: IRS Thuggery

August 27, 2009

Seems that the good folks that brought you the thuggery at the BATFE are onto another method of suppressing liberty and freedom. They cannot follow their own rule of law so they go after American’s to vent their anger and frustration. Downsize D.C. exposes this latest outrage from the people that brought you Ruby Ridge, and the Waco holocaust. Read on…

Quote of the Day: The government called three accountants to testify. The defense asked each one, “What is the proper way to calculate income for purposes of the Internal Revenue Code if you are paid in a gold coin that has a $50 face value on it?” All three of them responded, “I do not know; I’ll have to research that.” — Mike Zigler, reporting on the 2007 case against Robert Kahre that ended in a hung jury

Subject: How can legal tender be illegal?

Robert Kahre is facing up to 296 years in prison. His crime? He hired workers on mutually-agreed terms, and paid them in gold and silver dollars rather than in Federal Reserve dollars.

First, some background . . .

* The face value of the U.S. Mint’s gold and silver coins are legal tender, meaning they must be accepted in payment of debt
* But a Gold Eagle coin that has “$50” printed on it is legal tender only up to $50, while its gold content is worth about $1,000 in Federal Reserve notes
* No law or IRS regulation requires that receivers of Gold Eagles and other U.S. Mint coins must report the market value of the coins instead of the legal tender value

After extensively researching the issue, Kahre . . .

* hired workers as independent contractors, so he would not pay the payroll tax for their labor
* paid them in gold and silver coins, whose face value – that is, legal tender value – was so low that the workers legally didn’t have to report it as income to the IRS

For instance, if a worker was annually paid in gold coins with a legal tender face value of $2,000, the market value of the gold content in those coins could be $40,000, but only the legal tender face value of $2,000 would theoretically count as taxable income. That face value of $2,000 is low enough to be non-reportable to the IRS. But . . .

Even though the coins Kahre used were legal tender, the Justice Department alleged that Kahre’s system was a fraudulent, tax-evading scam.

We agree with Jacob Hornberger who asserts that the federal government’s prosecution of Kahre is self-contradictory . . .

* if you owe $100 in taxes and pay with gold coins with face values totalling $100, the IRS will accept the payment as $100; it could then sell the coins on the market for twenty times that amount and keep the difference. The government will accept your payment as “legal tender.”
* but if YOU receive gold coins from someone else in a private transaction, the IRS says you must report the market value of the coins, not the face value. That is, YOU CANNOT TREAT THE COINS AS LEGAL TENDER.

The government fears that if more people took the law at its word and behaved like Kahre . . .

* people would demand payment in the Mint’s gold and silver coins and have far fewer reportable “dollars” in income, meaning fewer people would pay income taxes
* the market would soon prefer the coins produced by the Treasury Department’s Mint that are regulated by law – not the inflated dollars created by order of the independent Federal Reserve Board
* good money (gold and silver) would drive out the bad (paper Federal Reserve Notes and electronic keyboard strokes), whereas the federal government needs inflated, deficit-driven money to pay for its endless wars, failed welfare schemes, and expanding police state

No wonder the government views Kahre as a threat, and is willing to made a mockery of its own legal tender laws to destroy him!

DownsizeDC.org, however, believes Kahre was on to something. That’s why we endorse the “Honest Money Act,” which would repeal the legal tender law that gives the Federal Reserve a monopoly over the money supply. This bill, along with the “Tax-Free Gold Act” and the “Free Competition in Currency Act,” is a plank in our End the Inflation Tax Campaign.

Repealing the legal tender law would foster the creation of HONEST free market money, and protect people from the Federal Reserve’s endless onslaught of legalized counterfeiting, which constantly reduces the value of your money.

Tell Congress to pass the bills in our End the Inflation Tax Campaign.

Use your personal comments to mention the hypocrisy involved in the Kahre case. If the feds are going to make it a crime to FOLLOW the legal tender law, then that’s just one more argument for repealing it. You can send your message here.

Thank you for being a DC Downsizer.

James Wilson
Assistant to the President
DownsizeDC.org

D o w n s i z e r – D i s p a t c h
is the official email list of DownsizeDC.org, Inc. & Downsize DC Foundation
Normally published 3 – 6 times per week.

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You asked for “change” you got it!

August 22, 2009

This is for all those Americans that so desperately wanted “change.”

Americans had to work from January 1 until August 12 this year just to cover the cost of government.  That is 26 days more than they had to work last year to cover the cost of government.

“Cost of Government Day” this year fell on Wednesday, August 12, according to Americans for Tax Reform, the conservative group that calculates when the day occurs.  Cost of Government Day is the day in the year when the American people have earned enough income to pay the total cost of the spending and regulatory burden imposed by government at the federal, state, and local level.

The August 12 date is 26 days later than Cost of Government Day came last year, when it fell on July 16.

In fact, this is the first time the day has fallen in August. Until this year, July 20 was the latest date marking Cost of Government Day. That happened in 1982.

The day takes into account all taxes paid to all levels of government as well as the costs of complying with all federal, state, and local government regulations. ATR calculates that in 2009, the cost of government will consume 61.34 percent of national income.

Those costs are detailed in a 45-page report authored Monika Ciesielska, a fellow at ATR’s Center for Fiscal Accountability.

Of the 224 days it required Americans to pay for the cost of government in 2009, 111 went to federal spending, 49 to state and local spending, and another 65 to pay for regulations imposed by all levels of government.

“In 2009, federal spending has expanded by almost one trillion dollars, mostly due to the Troubled Asset Relief Program (TARP) and the American Recovery and Relief Act of 2009, passed under the guise of economic stimulus,” Ciesielska said in her report.

“We have calculated that had Congress not passed the Emergency Economic Stabilization Act of 2008 that created TARP, Cost of Government Day would have fallen on July 25. That means that it would have been 18 days earlier.”

Full Story

Broken Window Economics: Redux

August 8, 2009

The Truth About Cash-for-Clunkers

The Obama administration has been raving about the success of “Cash for Clunkers” (officially named the Car Allowance Rebate System, or CARS), and this week Congress dutifully approved $2 billion more for the program. Why the popping of champagne corks? First, the demand for the program was so great that consumers burned through the $1 billion allotted for the rebates in a matter of days. Second, with the amount of flak the administration has taken for its mismanagement of the economy and the health care debate, any perceived victory is welcome. But this is simply not the victory that Obama wants us to believe it is.

Even in the handful of days that the program was active, CARS was plagued by administrative problems — just like any other government program. The government Web site that dealers were told to use to submit buyers’ rebate applications crashed repeatedly due to the high volume of requests. Dealers also had a difficult time registering for the program. Fine-print stipulations about the types of cars and light trucks that could be turned in and which ones could be bought led to customer confusion. Rep. Jerry Lewis (R-CA) said, “If this is how the government is going to handle billion-dollar programs affecting all Americans, I ask, whatever will we do if this administration takes control of our health care?”

Meanwhile, the positive impact on the automotive industry and the economy, and indirectly on energy consumption and the environment, is grossly overstated. The upsurge in new vehicle sales that CARS is expected to bring will likely to be short lived — all it did was condense several months of expected new vehicle sales and old vehicle trade-ins into a shorter period of time. No new wealth is being created; it’s just moving from one pocket to another. And destroying thousands of older, cheaper automobiles negatively affects the economy. Having trouble finding an inexpensive used vehicle for your newly driving son or daughter? Thank the CARS program.

Beyond all these issues, Fox News’ Glenn Beck reported that the federal government posted an ominous message at the Clunkers Web site stating that while logged into the Department of Transportation CARS system, users’ computers would be considered property of the federal government and therefore all materials on the computers could be scanned, recorded, monitored, inspected and disclosed to any element of the government, including law enforcement. After Beck’s program aired, the government quickly “clarified” that users who logged into the site had no explicit or implicit expectation of privacy, which sounds essentially like what Beck reported, just in better legalese.

This should be considered an outrage of epic proportions, but the response from watchdog groups has been muted. The ACLU, which challenged every move the Bush administration made during his eight years in office, had this to say: “[I]t is hard to believe that [the Obama administration] would do something like this.” Unfortunately it’s not hard to believe that the ACLU’s selective view of civil liberties would cause them to be asleep at the switch while Socialists run the White House.

SOURCE

Obamacare Redux:

August 1, 2009

Being a free market supporter it not hard for people to believe that I am totally against taking health care out of the hands of the people and placing it under governments control. It’s just bad medicine, pun intendedI also believe it to be unlawful, as in un-Constitutional to the hilt. Nor, am I alone in these beliefs. This latest from The Patriot Post sums it all up pretty well.

Friday Digest
31 July 2009
Vol. 09 No. 30

THE FOUNDATION

“[T]he government of the United States is a definite government, confined to specified objects. It is not like the state governments, whose powers are more general. Charity is no part of the legislative duty of the government.” –James Madison

GOVERNMENT & POLITICS

Red October Looms for ObamaCare

Americans can breathe a sigh of relief, however briefly, because Congress will not pass health care legislation before lawmakers depart for recess on August 7. “This bill, even in the best-case scenario, will not be signed — we won’t even vote on it probably until the end of September or the middle of October,” said President Barack Obama.

In a sense, Obama is admitting the unpopularity of the major proposals being bantered about in Congress. “This has been the most difficult test for me so far in public life,” he complained, “trying to describe in clear, simple terms how important it is that we reform this system. The case is so clear to me.” And the case is equally clear to us that Barack Obama and the U.S. Congress are acting unconstitutionally. Look it up — health care ain’t there. Economist Walter E. Williams points to the Founders’ own words on the lack of constitutional authority for such actions, adding, “What we’re witnessing today is nothing less than a massive escalation in White House and congressional thuggery.”

That said, Rep. John Conyers (D-MI) asked rhetorically, “Is health care a constitutional right?” He answered, “Well, we believe that people do and we’re introducing a constitutional amendment just to make it real clear so that you don’t have to infer or assume that that’s a given and all that.”

What Conyers and other Democrats don’t understand is that, as columnist Rich Hrebic explains, “A right is not a guarantee that the government (i.e., other people) will provide you something for free. We have the right to engage in religious expression, but that doesn’t mean that the government pays for the construction of the church. We have the right to peacefully assemble, but the government doesn’t promise to supply your transportation. You have the right to keep and bear arms, but don’t expect the government to provide you with a free firearm and bullets. You have the right to free speech, but the government won’t grant you free radio or TV air time. What makes something a right is not whether the government can force somebody else to pay for it.”

But back to the proposal. House and Senate negotiators are working to cut the cost of the bill by $100 billion — cuts that have suddenly allayed the concerns of so-called fiscally conservative “Blue Dog” Democrats. The compromise still includes major tax increases and a public option health entitlement, which were supposed to be deal killers for these “principled” Blue Dogs.

The Senate Finance Committee claims that its package now comes with a price tag of $900 billion over 10 years. Such projections are laughable for several reasons: The unpredictability of how many will switch to the “public option,” how that plan will affect other plans on the market, and the cost of actual medical care in general. Beyond that, the Congressional Budget Office said that Obama’s plan to cut medical costs by shortchanging providers in order to offset the cost of the bill is a hoax. “In CBO’s judgment, the probability is high that no savings would be realized.” No savings. So what’s the point, Mr. President?

Democrats have proposed one way to raise money for the bill — tax payroll. The Wall Street Journal writes that the tax could reach 10 percent. So much for “no tax increases for those making less than $250,000 a year.”

Democrats have also proposed yet another creative way to raise money for the bill — tax soda (known simply as Coke down here in the South). The CBO estimates that a three-cent tax on soda, including Gatorade and other sugary or energy drinks, would generate $24 billion in the next four years, all while fighting obesity. We have been through this before. If Congress taxes something expecting people to stop using that something for their health, the revenue source dries up. Brilliant. We say, “No taxation on carbonation!”

All in all, if the public option is so good, why don’t Democrats in Congress want it to be their health plan? Amendments requiring them to be covered by the plan have been defeated in both the House and Senate. One reason for the defeat might be the example of Sen. Ted Kennedy (D-MA), who, if his case went before a review board, could be denied his current level of cancer treatment. One might say he’d be left to sink or swim.

The BIG Lie

“We spend about $6,000 per person more than any other industrialized nation on earth — $6,000 more than the people do in Denmark, or France, or Germany, or — every one of these other countries spend at least 50 percent less than we do, and you know what, they’re just as healthy.” –Barack Obama

The American Spectator’s Philip Klein explains why this is a lie: “Obama is correct that all of those countries spend less per person on health care, but it isn’t anywhere near $6,000 less. The widest gap among the countries mentioned, between the U.S. and Denmark, is $3,778 per person. Of course, other systems don’t keep costs down with magic wands, but with rationing care to the sick — something Obama denies he wants to do in the U.S.” Indeed, there’s no question that our system needs some treatment, but ObamaCare is not the right prescription.

This Week’s ‘Alpha Jackass’ Award

“I love these members, they get up and say, ‘Read the bill.’ What good is reading the bill if it’s a thousand pages and you don’t have two days and two lawyers to find out what it means after you read the bill?” –Rep. John Conyers

The Wall Street Journal’s John Fund responds, “Perhaps Mr. Conyers has a point. A bill that seeks to reorder one-seventh of the nation’s economy is probably too complex and convoluted for any single human being to fully comprehend and can’t possibly capture all the unintended consequences of such sweeping changes. Maybe Mr. Conyers has latched on to the main reason why big government can’t work and why less sweeping health care reform is in order.”

Obamanomics explained

May 10, 2009

            Who will help me plant my wheat?" asked the little red 
            hen.

"Not I," 
            said the cow.

 "Not I," said the 
            duck.

 "Not I," said the 
            pig.

 "Not I," said the 
            goose.

 "Then I will do it by myself," 
            said the little red hen, and so she did. She planted her crop, and 
            the wheat grew very tall and ripened into golden 
            grain.

 "Who will help me reap my 
            wheat?" asked the little red hen.

 "Not 
            I," said the duck..

 "Out of my 
            classification," said the pig.

 "I'd 
            lose my seniority," said the cow.

 "I'd 
            lose my unemployment compensation," said the 
            goose.

 "Then I will do it by myself," 
            said the little red hen, and so she 
            did.

 At last it came time to bake the 
            bread. "Who will help me bake the bread?" asked the little red 
            hen.

 "That would be overtime for me," 
            said the cow.

 "I'd lose my welfare 
            benefits," said the duck.

 "I'm a 
            dropout and never learned how," said the 
            pig.

 "If I'm to be the only helper, 
            that's discrimination," said the 
            goose.

 "Then I will do it by myself," 
            said the little red hen.

 She baked five 
            loaves and held them up for all of her neighbors to see. They wanted 
            some and, in fact, demanded a share. But the little red hen said, 
            "No, I shall eat all five 
            loaves."

 "Excess profits!" cried the 
            cow. (Nancy Pelosi)

 "Capitalist leech!" 
            screamed the duck. (Barbara Boxer)

 "I 
            demand equal rights!" yelled the goose. (Jesse 
            Jackson)

 The pig just grunted in 
            disdain. (Ted Kennedy)

 And they all 
            painted 'Unfair!' picket signs and marched around and around the 
            little red hen, shouting 
            obscenities.

 Then the farmer (Obama) 
            came. He said to the little red hen, "You must not be so 
            greedy."

 "But I earned the bread," said 
            the little red hen.

 "Exactly," said Barack the 
            farmer. "That is what makes our free enterprise system so wonderful. 
            Anyone in the barnyard can earn as much as he wants. But under our 
            modern government regulations, the productive workers must divide 
            the fruits of their labor with those who are lazy and 
            idle.."

 And they all lived happily ever 
            after, including the little red hen, who smiled and clucked, "I am 
            grateful, for now I truly 
            understand."

 But her neighbors became 
            quite disappointed in her. She never again baked bread because she 
            joined the 'party' and got her bread free. And all the Democrats 
            smiled. 'Fairness' had been 
            established.

 Individual initiative had 
            died, but nobody noticed; perhaps no one cared...so long as there 
            was free bread that 'the rich' were paying 
            for.

 EPILOGUE

 Bill 
            Clinton is getting $12 million for his 
            memoirs.

 Hillary got $8 million for 
            hers.

 That's $20 million for the 
            memories from two people, who for eight years repeatedly testified, 
            under oath, that t hey couldn't remember 
            anything.

 IS THIS A GREAT BARNYARD OR 
            WHAT

All Gore brings “change”

April 26, 2009

One things for sure, the Gore is on the “change” bandwagon and it certainly appears that the current administration likes this form of change…

Climate Week Comes to Washington

A series of highly publicized hearings and testimonials were held surrounding Earth Day this week to draw as much attention as possible to the liberal sham that is climate legislation. Even Al Gore showed up on Friday, though, oddly enough, it didn’t snow.

The heads of the Environmental Protection Agency (EPA), the Transportation Department and the Energy Department testified on climate change legislation — a bill that is 648 pages in draft form — before the House Energy and Commerce Committee. According to The New York Times, “The House measure, the most far-reaching piece of energy and environmental legislation to come before Congress in years, would require large changes in the way the United States generates electricity, manufactures products, heats and lights its homes and offices, and moves people and goods.”

Political grandstanding was the main order of the week, but passing the cap and trade bill will top the agenda over the coming weeks — with the hope that it will clear the full House before Memorial Day. Some more radical elements, though, would include stricter measures that limit emissions and heavily fine those deemed to be polluters. Either way, the economy will suffer the consequences for actions taken based on dubious theories. As Rep. Joe Barton (R-TX) put it, “The debate is not about whether cap-and-trade legislation will raise energy costs; the only dispute is by how much. With a cap-and-trade scheme like that proposed by Chairmen Waxman and Markey, households can expect energy cost increases up to $3,128 per year. Your electricity bill will increase by 77 to 129 percent. Filling up your gas tank will cost anywhere from 60 to 144 percent more. The cost of home heating oil and natural gas will nearly double.” So much for Barack Obama’s oft repeated pledge to “cut taxes for 95 percent of workers and their families.”

In related news, Obama burned about 9,000 gallons of jet fuel on Earth Day to make his speech in Iowa about saving the planet.

SOURCE

Disinformation: Stupid is as stupid does redux

April 15, 2009

Ah, the better than thou crowd. At least they are consistent; Stupid is as stupid does on steroids, or crack, or maybe both? Such is the logic!

This week’s “Leftmedia Buster” Award: “David Shuster, filling in for MSNBC loose-cannon Keith Olbermann on his April 13 broadcast, and his writers probably thought they were pretty clever when they pieced an item denigrating the tax protests by using the [dirty] term ‘teabagging.'” –Jeff Poor of NewsBusters (to read the text of Shuster’s puerile dirty jokes if you dare, click here — Warning: Graphic puns.)

Doesn’t get it: “Republicans have become embarrassing to watch. And it doesn’t feel right to make fun of crazy people.” –New York Times columnist Paul Krugman on the tea parties taking place across the country today

Poor (but accurate) choice of words: [I]t’s fair to give the new kids on the block a chance to get their learner’s permits first.” –CBS’s Katie Couric on the Obama administration

Capitalism? Oh my!: “I’m worried if you think if [Goldman-Sachs paying back its federal loan early is] a good thing. Are they doing this because of financial stability or might they be talking about that, simply to get out from under the thumb of the federal government and be allowed to go back to running the business the way they want to run it as opposed to the way the government wants them to run it?” –NBC’s Matt Lauer to Christina Romer on Obama’s Council of Economic Advisers

Twisted blame: “That weekend tragedy [of the murder of three Pittsburgh police officers] involves a man who allegedly shot and killed three police officers in cold blood. Why? Because he was convinced, after no doubt watching Fox News and listening to right-wing radio, that quote, ‘Our rights were being infringed upon.'” –CNN’s Rick Sanchez

Oddly enough!: “If anything, the recent shootings have inspired more Americans to buy guns, recession or no recession. In fact, all over the country they are stocking up on as many pistols, rifles, and shotguns as possible before the Obama Administration bans or taxes them. … Interestingly, however, violent crime rates have at the same time been falling in Los Angeles, New York and other big American cities. The experts are at loss as to explain why this should be happening.” –London Times Los Angeles correspondent Chris Ayres

SOURCE

And then we have:

We Blame Global Warming: “Thaw Seems Near for U.S., Cuba” –St. Louis Post-Dispatch

Breaking News From 1980: “Thousands Demonstrate Against Georgian President” –The New York Times

Everything Seemingly Is Spinning Out of Control: “Cows With Gas: India’s Global Warming Problem” –Time.com

News You Can Use: “Obama Not the New Messiah: Archbishop” –ABC News Web site (Australia)

Bottom Stories of the Day: “Fewer Disney Employees Whistle While They Work” –CNN.com

(Thanks to The Wall Street Journal’s James Taranto)