Europe’s centre-right parties on Monday celebrated a resounding election victory that underlined the resilience of the European model of welfare state capitalism in the face of the worst recession since the 1930s.
The centre-right emerged as the clear winner in elections to the European parliament, taking 263 seats in the 736-seat assembly, compared with 163 for socialists, 80 for centrist liberals and 52 for the Greens, according to provisional figures. (read the rest)
There is an often overlooked fact in the discussion of the advancement of minorities over the past 100 years. No single group has done more to “level the playing field” bring about “social justice” or move our nation towards equality than the white male.
Unless I’m missing something, I don’t recall the Women’s Suffrage Revolt of 1920 where armed women stormed the Capitol, beheaded president Harding and declared their right to vote. I also must have missed it when Martin Luther King Jr. unleashed suicide bombers on D.C. until Congress passed the Civil Rights Act of 1964. (read the rest)
Not to put too fine a point on it, GM is doomed (probably, anyway) because the Obama-Pelosi administration has put them in a position in which the kind of bold leadership that could produce a turnaround is impossible. Though Barack Obama might declare that he is "not running GM,"… (read the rest)
I think it is time to call it "The Obama Recession." Using Obama’s own numbers, we are now worse off than we would have been had Obama’s stimulus not gone into effect.
Early in the Obama administration, his economic experts put out a report on the predicted effect of his recovery plan on jobs, "American Recovery and Reinvestment Act: Job Impact by Congressional District" . In that document is a reference to another document, "The Job Impact of the American Recovery and Reinvestment Plan" , dated January 10, 2009. (read the rest)
Watching Fox News Sunday, I caught a panel on which Obama economic advisor Austin Goolsbee conceded that the administration had previously predicted unemployment would top out at around 8%, that it was now up to 9.4%, and that double-digit unemployment was a distinct possibility in the near future. Goolsbee didn’t resort to the administrations’s blather about "saving or creating jobs," but he did repeat its fustian about how last month’s loss of 345,000 jobs (resulting in a half percentage point jump in the jobless rate) is somehow good news because it beat predictions (I don’t recall him saying whose) of even more dire loss numbers. It made me wonder why, if those predictions either existed or were serious, the Obama administration would have previously predicted that unemployment would top out at 8%? (read the rest)