Tuesday, December 10, 2013

Illegal. Illiberal. Ill-Fated.  The rule of law ended with the bailout of the automotive industry, as noted in this article from Reason Magazine.

WHY OBAMA HAS FAILED THE ECONOMIC RECOVERY:  This analysis of one Obama speech reveals the failure of progressive economics and political leadership  The requirement that all politicians take and pass a course in the evolution of economics since the beginning of recorded history is demonstrated in this deconstruction of one Obama reelection speech.  Here we see Obama pandering to his labor base in a series of ill-informed  and quite stupid remarks about the US economy and what it takes to reignite growth.  In essence he has everything exactly backwards.  All of his prescriptions for  economic growth have been tried over and over again by democrat/progressive politicians from FDR to Obama and have failed repeatedly.  And yet here we are treated to the specter of the brilliant Harvard law school graduate resorting to them yet again.  In truth, democrat politicians resort to this strategy over and over because it all they have as a means to gain power, and the exercise of power is all they are about.   As long as these demagogues are able to convince their supine followers that they have their interests at heart, we will be subjected to an economy that evolves in fitful starts and stops.  When the forces of free markets, laissez faire principles and pure capitalism are in play the economy will grow, provide employment and rising incomes for everyone.  When the forces of government intervention, control and concomitant  crony capitalism are ascendent as is presently the case, economic stasis including joblessness and declining incomes will prevail.

TIME MAGAZINES PERSON OF THE YEAR:

Time published its shortlist of 10 finalists on Monday and will reveal the winner Wednesday. The magazine decides on the candidates by the impact they have had on the news over the past 12 months, and not what they have done — negatively or positively — to contribute to the news.

President Barack Obama is also on the list, along with Texas Republican Sen. Ted Cruz, Amazon founder Jeff Bezos, Pope Francis, Iranian President Hassan Rouhani, and gay rights activist Edith Windsor.

Snowden, a former National Security Agency contractor, has leaked some 20,000 secret government documents pertaining to matters of national security. 

Sebelius, meanwhile, spearheaded the launch of Obamacare this year but has been vilified for the disastrous rollout of the HealthCare.gov website, with many Republicans calling for her to be fired.

Obama, who was Time's pick last year, has been slammed for falsely promising under his signature healthcare reform law that people would be able to keep their insurance plans and their doctors. 

Assad has been accused of killing thousands of his own people in Syria, including women and children, who reportedly died from sarin gas.

Singer Cyrus stunned conservative — and many other — Americans when she performed a shocking dance routine called "twerking" during a duet with Robin Thicke on the MTV Video Music Awards.

And Cruz has been attacked by Democrats, and many in his own party, for causing the 16-day government shutdown in October in an attempt to prevent the launch of Obamacare.