Archive for May 26th, 2010

Video, Club for Growth for Sharron Angle in Nevada

Wednesday, May 26th, 2010

Red State on the Conservative Alternative To Harry Reid — Club for Growth Goes In For Angle, Hits Lowden

Wednesday, May 26th, 2010

If nothing else, the chicken story has given Nevada Republicans reason to ask, ahead of the primary, whether there’s an alternative to Lowden’s electability argument, and now the Club for Growth is hitting the airwaves with an ad backing Angle as the real fiscal conservative in the race and ripping Lowden for her prior support of Reid and her record on taxes:

Unlikely winners of financial reform

Wednesday, May 26th, 2010

(Fortune) — While it’s a bit like predicting a winner as the horses go into the final stretch, there’s a handful of companies that may do well when financial regulatory reform eventually becomes law.

The Inept Financial Reform Bill — William M. Isaac

Wednesday, May 26th, 2010

Senate leaders and the Obama administration patted themselves on the back after cramming through financial reform legislation. They claim the bill will end “too big to fail” and will prevent future financial crises.

At risk: The Gulf’s $234 billion economy

Wednesday, May 26th, 2010

NEW YORK (CNNMoney.com) – The numbers being batted around when it comes to how much the oil spill will ultimately cost BP and the local Gulf of Mexico economies are huge. $3 billion. $14 billion. One politician put it at over $100 billion.

CNBC — US New Home Sales at 2-Year High in April

Wednesday, May 26th, 2010

The Commerce Department said sales jumped 14.8 percent to a 504,000 unit annual rate, the highest since May 2008, from an upwardly revised 439,000 units in March. It was the second straight month that new home sales rose.

April durable goods orders up healthy 2.9%

Wednesday, May 26th, 2010

WASHINGTON (MarketWatch) - Orders for U.S.-made durable goods rose 2.9% in April on stronger demand for airplanes and communications equipment, the Commerce Department reported Wednesday.

CNBC — Outlook Remains Stable on US AAA Rating: Moody’s

Wednesday, May 26th, 2010

Concerns over government debt levels have risen as fiscal woes faced by peripheral euro zone nations led the European Union and International Monetary Fund to announce a nearly $1 trillion lifeline for heavily-indebted countries such as Greece, Portugal and Spain.

Investor’s Business Daily editorial — California: The past decade has been a textbook case of fiscal malpractice

Wednesday, May 26th, 2010

As one former Golden State governor might have put it, there they go again. California’s legislature and lame-duck governor, Arnold Schwarzenegger, are gearing up for a summer of stalemate, followed by fiscal trickery, over yet another of those yawning budget shortfalls that have become the state’s trademark.

Forbes: Meet Andy Lees, The Man In Charge Of Saving Microsoft

Wednesday, May 26th, 2010

On Tuesday, Microsoft CEO Steve Ballmer announced a major shake-up in the company’s mobile and gaming ranks. Robbie Bach, a 22-year Microsoft veteran who oversaw the company’s mobile and gaming division, announced that he was retiring.

Microsoft decided not to replace him. Instead, Andy Lees, who was already overseeing mobile, will report directly to Steve Ballmer from now on. Don Mattrick will be leading gaming.

Rasmussen on California Governor: Democrat Brown 43%, Republican Poizner 42%

Wednesday, May 26th, 2010

Democratic State Attorney General Jerry Brown’s post-convention bounce appears to be over, and he now posts narrow leads over both his Republican challengers in California’s gubernatorial race.

The latest Rasmussen Reports statewide telephone survey of Likely Voters shows Brown picking up 43% support, while Steve Insurance Commissioner Steve Poizner earns 42%. Seven percent (7%) would vote for some other candidate, and eight percent (8%) are undecided.

A month ago, just after the California Democratic Convention, Brown led Poizner 50% to 32%. Poizner earned just 27% support in March. Brown’s support now matches findings in February and March.
Former eBay CEO Meg Whitman’s support also has inched up slightly this month. Brown now earns 45% support over Whitman’s 41%. Eight percent (8%) would vote for some other candidate, and seven percent (7%) are undecided.

Video, Washington State: Dino Rossi is running for US Senate

Wednesday, May 26th, 2010

RCP — California Candidates Mobilizing For Senate, Gov Races

Wednesday, May 26th, 2010

President Obama made his second trip to California on Barbara Boxer’s behalf in as many months Tuesday, raising a total of $1.7 million for the senator’s campaign and the DSCC at three stops in the Bay Area.

“I don’t travel for just anybody,” the president said at one of those events. “But when it comes to Barbara Boxer I’m a lot like you – when she calls and says she needs help, we’re gonna give her some help.”

The Reform Agenda: Changing Course in N.J. — Gov. Chris Christie

Wednesday, May 26th, 2010

New Jersey Is On An Unsustainable Fiscal Course

Over the last ten years, municipal spending has grown by 69 percent, and property taxes have grown by 70 percent, until New Jersey property taxes are now the highest of any state in the nation.

This is an unsustainable course.

For nearly 30 years, the citizens of New Jersey have placed in the hands of politicians-mostly politicians from Trenton-the responsibility for fixing property taxes. And in every gubernatorial election since 1973, we’ve had folks dancing around this property tax problem, putting band-aids on it, but not doing a thing to address the structural issues that allow politicians to hike property taxes year, after year, after year.

We can’t increase municipal aid, increase aid to school districts, and increase property taxes without end. At some point, the people’s ability to pay runs out.

And now we’re there.

With property taxes up 70 percent in ten years, people in New Jersey are now voting with their feet, and they’re leaving.

UK Guardian on David Cameron — Radical? Hardly. But Cameron is so much more than Blair reincarnated

Wednesday, May 26th, 2010

Link.

Ralph Peters — Just another act of deadly treason

Wednesday, May 26th, 2010

Yesterday, The New York Times published another front-page article based on a leaked classified document. This time, it was an order signed by Gen. David Petraeus authorizing black operations against adversaries and such dubious friends as Iran, Syria, Yemen and Saudi Arabia.
Gee, thanks. We really needed to know that. The world’s a better place now.

Yuval Levin — Recovering the Case for Capitalism

Wednesday, May 26th, 2010

For friends of capitalism, the last two years have not been pleasant. First came a cascade of market calamities that seemed almost designed to confirm the worst clichés about free enterprise. The crisis had it all: reckless investors, careless lending, irresponsible borrowing, wild speculation, charlatan financiers, signs of under-regulation, retirees losing their life savings while Wall Street fat cats got their bonuses, and even the sight of Alan Greenspan apologizing to a congressional committee for keeping the reins too loose.

Tea party favorite Raul Labrador upset Vaughn Ward last night in Republican primary for Idaho’s 1st congressional district

Wednesday, May 26th, 2010

Link.

Investor’s Business Daily editorial — Big Labor’s Payoff

Wednesday, May 26th, 2010

Unions: Those who give to politicians expect a lot in return. That’s clear from the budget-busting payoffs directed largely at organized labor by Democrats in Congress and the White House.

A bill making its way through the Senate would bail out union pension funds to the tune of $165 billion. The bill’s author, Democratic Sen. Bob Casey of Pennsylvania, wants the public to pay for the gold-plated union retirement benefits that the funds have mismanaged into oblivion.

USA Today editorial — Our view on federal spending: In Congress, ‘emergency’ is what you don’t want to pay for

Wednesday, May 26th, 2010

Memo to congressional Democrats: It’s not 2008 or 2009 anymore. Then, when the nation was facing financial catastrophe, it made sense to borrow as much as necessary to stave off economic depression.