Tag Archives: Leader Eric Cantor

Friday Evening News Roundup

For some reason, I got a call from the Republican National Committee. The guy started off with some small talk and then said that he knows I’ll agree that President Obama has not handled the economy in a responsible way (I’m paraphrasing). I said, “No, I don’t agree with that statement.” He hung up. 🙂 Let’s skip over the fact that somebody placed me on the RNC call list. Let’s think about this statement just for a second. President Obama has mishandled the economy. How? What was he supposed to do? Economists almost universally agreed that we needed a stimulus package. We needed a stimulus package that equalled somewhere around 10% of GDP. That would’ve been a stimulus package of $1.5 trillion. He was barely able to get a package through Congress that was half of what we needed. So, when economic growth petered out after 12 months or so, who’s surprised? Who were the ones who limited the size of the stimulus? Was it the Democrats or was it the Republicans? Again, I would ask what was Obama supposed to do? More tax cuts which don’t work?

Harry Reid, Senate majority leader, has passed a bill which alters the filibuster. It doesn’t eliminate it, but it alters it. I’m not sure I completely understand this.

Gaile Owens was released from prison in Tennessee. She was on death row but the governor pardoned her last year. She was placed on parole today. Read about her story here.

As most of you know, the predator drone is this small attack airplane that is flown via remote control. Well, it seems that some computer virus has gotten into its system. This can’t be good. This seems like an episode of NCIS – LA.

Rick Perry just stated at the Values Voter Summit that “every human being is entitled to life.” I guess that doesn’t include the 234 people that have been executed while he’s been governor of Texas.

Former Pennsylvania Senator Rick Santorum has proposed zero corporate tax if corporations bring their money back from overseas. Of course, he wants us to forget that this has been tried before and it’s been nothing but a windfall for big corporations who momentarily bring their money back only to open new tax shelters overseas.

There’s some serious concern that Monarch butterflies, which fly from as far north as Canada and then roost in Mexico won’t make it through Texas. Read more here. (This has nothing to do with Rick Perry and the death penalty, I promise.)

More e-mails have been released from the White House regarding Solyndra, the failed solar panel company. Just for a second, let’s get some perspective. We, the American people, have been paying somewhere around $4.5 billion per year in tax deductions, preferences and credits for the oil and gas industry. Let’s see… $4.5 billion verses $535 million. Secondly, even those guys who understand money, venture capitalists, don’t get 100% return on their investment. Instead, they’re expecting a 20% return on their investment. They’re expecting that only one or two companies out of every 10 that they invest in to make it big. They are expecting several companies to break even and a couple to fail. This is their business model. Their business model isn’t 100% success on every investment.

It seems that AT&T wants to stick it to customers.

The new job numbers are out. They were slightly better than I expected.

I guess that House Majority Leader Eric Cantor does not like democracy. He seems to have some issues about Occupy Wall Street. He says that he’s becoming increasingly concerned about the “mobs.” I guess he should’ve been equally concerned about the Tea Party.

Read the compelling stories of the new Nobel laureates for Peace. Very powerful.

Occupy Together is the unofficial hub of all of the events going on around the country. Check it out.

So, what’s on your mind? What stories are you following?

Sunday afternoon News Roundup

  • Sergio Garcia is fading at the Byron Nelson Championship in Dallas, Texas. Whatever he thought he fixed in his mental game isn’t fixed. Currently, Joe Ogilvie leads by one stroke.
  • I find it interesting that Fox News has decided to keep Sarah Palin on the payroll since it’s clear that she is now exploring a presidential run. They dropped Newt Gingrich and Rick Santorum as soon as they were considering a presidential run but not Sarah Palin. Why? Is it that Sarah Palin isn’t really considering a presidential run? Maybe Sarah Palin is doing her Donald Trump bit and simply trying to drum up publicity for herself. She’s been able to cash that publicity in and make some significant money (just bought a new house in Arizona).
  • No matter how much the public thinks that Paul Ryan’s budget balancing, Medicare killing plan is wrong for America, the Republicans are continuing to push it. If you’re in a hole, I guess you can do one of three things – stop digging, continue digging or try to climb out of the hole. Republicans have decided to continue digging.
  • The LA Times has a nice and very long discussion on Bruce Ivins, who was the odd researcher accused in the anthrax killings. I’m still not convinced that this is the guy. Yep, he is weird, but being weird isn’t a crime.
  • President Obama is in Joplin, Missouri today. My heart and prayers continue to go out to the residents of Joplin.

  • I really dislike politicians who in front of the cameras in Washington talk about cutting this and cutting that but when they’re at home in front of their constituents they’re bashing the government for not doing more. Today’s example is Representative Lou Barletta of Pennsylvania. He voted to cut EPA funding; yet, in front of his constituents is complaining that the EPA is not doing more.
  • Former Senator John Ensign is hoping that the Department of Justice cannot use incriminating e-mails which will surely land him in jail. Basically, as I understand it, the Senate Ethics Committee could obtain evidence in multiple different ways which may not be transferable to the Department of Justice. For more information on this legal conundrum read this.
  • I continue to be amazed at how the Republicans are trying to sell this “cut and grow” idea to the American people. Republicans, including House Majority Leader Eric Cantor, continue to try to sell the American people on trickle-down theory. If all we did was cut this or that money would then roll down to small business and small businesses would thrive. Over the last 30 years we’ve tried this theory so many times and as a whole it hasn’t worked. The one thing that is clear with trickle-down theory is that the rich get richer.
  • So far, I think the most interesting candidate on the Republican side is Mitt Romney. He’s trying to walk a tight rope. He’s trying to play up his credentials as a financial wiz but the same time separate himself from the Wall Street Christians and against that which nearly destroyed our economy. He has the same type of balancing act with healthcare. He can’t support the national healthcare reform that was passed by Congress last year or he’ll alienate many Republicans. At the same time, he’s trying to push his own credentials as a healthcare fixer because of what he passed in Massachusetts, which is almost identical to the national healthcare reform plan. Finally, lots of evangelical Christians are unsure if they can embrace a Mormon. It is difficult if not impossible to win enthusiastic Republican support without the support of evangelical Christians.
  • The New York Times is trying to tell me that their coverage is so great that I should pay $35 per month for their award-winning reporting. It seems to me that the Wall Street Journal has outstanding coverage also. They’re asking me to pay a third less than the New York Times. What’s up with that? Are the Washington Post and the LA Times going to follow suit? One of the distinct advantages of the Internet was that I was able to access multiple different sources of information. Am I going to have to shell out money for this information? Is advertising revenue down that much?
  • Everyone is not flocking to the theaters just because the movie is in 3-D. For some reason this is a surprise to Hollywood. (Psst, Hollywood… we will sit down and look at movies that are entertaining and enjoyable. More like Thor and less like the Green Hornet.) As a whole, I haven’t found the 3-D experience to be all that additive to a excellently written film. I just saw the movie Thor and I didn’t think that the three-dimensional qualities were helpful at all. BTW, I’m looking forward to seeing Kung Fu Panda 2. I really enjoyed the first one. I”m hoping that they, the producers, don’t screw this sequel up.

So what’s on your mind the Sunday afternoon?