Tuesday, May 17, 2011
Wednesday, March 09, 2011
Sunday, March 06, 2011
Ah, yes, the “general will.” For this, every modern totalitarian movement is indebted to the 18th-century Genevan philosopher who claimed, in The Social Contract, that a man’s compulsory servitude to the state — the embodiment of this general will — “means nothing less than that he will be forced to be free.” Rousseau was what we today call “Orwellian” long before there was an Orwell. “Freedom” was nothing more than submission."
The February jobs report was a solid report — not quite a champagne-popping event, merely one more indicator that the recovery is on firm ground and job gains will continue in future reports. While a decline of 0.1 in the unemployment rate is statistically insignificant, it indicates that the rather sharp declines of 0.4 in both December and January were more than just a statistical blip. It is still likely that the unemployment rate will rise slightly as workers re-enter the labor force, but it would be surprising to see the rate leaping back over 9.5 percent.
There are indications that some of the anemic payroll-survey numbers from January were weather-related. The job gains in construction and transportation are more likely due to a bounce back from the weather rather than attributable to true growth.
While the February job gains of 222,000 is a good start, job growth needs to be much stronger to make up for the labor slack since December 2007. Hopefully, future reports will show over 300,000 new private-sector workers. The household survey shows that the number of employed workers is about 10 million below where it should be to return to the same level of employment before the recession began. At the rate of last month’s job growth, it would take seven years for the labor market to fully recover, a time period that is simply too long.
Thursday, March 03, 2011
A couple may even be overstating it -- when Canadian Prime Minister Stephen Harper was here, the 'press availability' consisted of one question per side. Obama, it seems, does not like the uncontrolled Q&A.
Why should you care? It goes to accountability. It's not enough for leaders to emote about policy. They should explain, defend and answer questions, as well. Grappling with the unscripted news media encounter is a good skill for politicians."
Tuesday, March 01, 2011
“What you are looking at in Tunisia, in Egypt … Libya, in Bahrain … what you see happening there … you’d better prepare because it will be coming to your door,” Farrakhan said in a booming voice, thousands of followers cheering in his wake."
Sunday, February 27, 2011
Friday, February 25, 2011
By Peter Heck
The time for pretense has passed. As a nation, we are on the cusp of an economic cataclysm if immediate steps are not taken to correct our unbalanced national checkbook. As our debt already spirals out of control, the specter of the unfunded liabilities of Social Security, Medicare and Medicaid, looms ominously on the horizon. When the retirement of the baby boom generation hits with blunt force, our economic state will be in shambles and our country will default.
These problems do not appear lost on President Obama. Congratulating himself for bringing us out of a recession, he has touted a new era of fiscal sobriety. But after telling Tea Party Americans that he was going to 'call their bluff' and propose 'difficult choices' to get our runaway deficits under control, what did the president offer in terms of a budget? He put forth a plan that would see the federal government borrow more money in his four years than under the previous 43 presidents combined. And what tough choices did he recommend to rectify the massive unfunded liabilities that are preparing to devour our economy? None."