Thursday, January 27, 2011

Barker's Newsbites: Thursday, January 27, 2011


Gotta love claymation!
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11 comments:

William R. Barker said...

http://www.ft.com/cms/s/0/3d32d17c-2a18-11e0-997c-00144feab49a.html#axzz1CFT3vf00

* LET'S SUBTITLE THIS NEWSBITE "MAKING SENSE OF THE NUMBERS"

* OH...! FOLKS! LET'S DO AN EXPERIMENT! PRIOR TO READING MY NEWSBITE WITH COMMENTARY, CLICK ON THE ABOVE LINK AND GIVE THE ACTUAL ARTICLE AS WRITTEN A READ. THEN COME BACK AND READ THIS NEWSBITE.

==========

Caterpillar, the world’s largest maker of earthmoving equipment, expects to make record profits this year, as rising commodity prices fuel a surge in demand for mining equipment and the economy continues to recover both in emerging markets and the U.S.

* SO FAR, SO GOOD, RIGHT?

The manufacturer said on Thursday it anticipated sales and revenues in 2011 would exceed $50 billion compared with $42.6 billion last year, while net profits would hit a record of “near $6.00 per share”, up from $4.15 per share in 2010.

* HMM... WHAT'S THAT MEAN IN TERMS OF ACTUAL DOLLARS? WHAT'S THAT MEAN IN ACTUAL REAL DOLLAR NET PROFIT? (OH, WELL... IN ANY CASE...)

The company said it would allot $3 billionn to capital spending this year, with more than half of the spend in the U.S.

* HMM... "MORE THAN HALF...???" HOW MUCH MORE THAN HALF? (IN ANY CASE, THE CONVERSE IS THAT ALMOST HALF OF CATERPILLAR'S CAPITAL SPENDING IS GOING TO TAKE PLACE NOT HERE AT HOME, BUT OVERSEAS - RIGHT...???)

The company made a net profit of $968 million...in the fourth quarter...

* THANKS! THAT ANSWERS ONE QUESTION!

Caterpillar said that excluding acquisitions, it had hired back 19,000 workers of the roughly 37,000 positions it cut during the economic downturn. It said 7,500 of the new workers had been hired in the U.S., representing a 15% cent increase in its US workforce.

* O.K. LET'S DECONSTRUCT. 37,000 MINUS 19,000 EQUALS A NET LOSS OF 18,000 U.S. JOBS - CORRECT?

* HOWEVER... OF THESE 19,000 REHIRED WORKERS, ONLY 7,500 ARE AMERICAN, THEREFORE... (19,000 MINUS 7,500 EQUALS 11,500...)

* THEREFORE... THE TRUE LOSS OF AMERICAN CATERILLAR JOBS IS ACTUALLY 29,500 - CORRECT...?

(*SMIRK*)

* FOLKS... SERIOUSLY... THIS IS WHAT I MEAN ABOUT NOT ACCEPTING HEADLINES AND EVEN ARTICLE PRESENTATION AT FACE VALUE. NOWHERE IN THE ARTICLE DID THE FT "LIE." THE ACTUAL NUMBERS WERE THERE. THEY WERE JUST "ARRANGED" IN SUCH A WAY AS TO CREATE A FALSE IMPRESSION CONCERNING THE DEGREE OF GOOD NEWS IF ONE IS LOOKING UPON THIS STORY AS HIGHLIGHTING U.S. ECONOMIC RECOVERY.

* YES, FOLKS... 7,500 REHIRED U.S. CATERPILLAR WORKERS IS WONDERFUL! NO DOUBT! BUT DOESN'T MY BREAKDOWN OF THE NUMBERS GIVE YOU A SLIGHTLY BETTER PERSPECTIVE THAN YOU MIGHT HAVE ORIGINALLY HAD JUST READING THE ARTICLE "STRAIGHT?"

January 27, 2011 at 10:27 AM
William R. Barker said...

http://www.denverpost.com/opinion/ci_17197225?source=pop_section_opinion

* AS REGULAR READERS KNOW, MY "SOCIAL" COMMENTARY AS REGARDS NEWSBITE POSTINGS IS FOCUSED UPON EDUCATION, CRIME, AND... (HMM... I GUESS EDUCATION AND CRIME IS REALLY IT.)

* THOSE WHO KNOW ME AND HAVE DISCUSSED THE ISSUE WITH ME KNOW MY VIEWS ON ABORTION. THAT SAID, FOR GOOD OR ILL, THE ABORTION ISSUE REALLY ISN'T ON MY RADAR IN THE SAME WAY ECONOMIC, POLITICAL, DEFENSE AND OTHER KEY ISSUES ARE.

* STILL... EVERY ONCE IN AWHILE I DO FOCUS ON THE ABORTION ISSUE. THIS IS SUCH A TIME.

* FOLKS... I URGE YOU ALL - REGARDLESS OF YOUR LEVEL OF "INTEREST" IN THE ISSUE - TO UTILIZE THE ABOVE LINK AND READ DAVID HARSANYI'S OP-ED.

* COMMENTS - REACTIONS - ARE WELCOME EITHER PUBLICLY HERE AT USUALLY RIGHT OR PRIVATELY VIA EMAIL.

January 27, 2011 at 10:52 AM
William R. Barker said...

* TWO-PARTER... (Part 1 of 2)

http://www.nationalreview.com/articles/257647/new-immigration-debate-katrina-trinko

Does the Constitution really say that children of illegal immigrants are automatic citizens?

* IN A WORD... "NO!"

Kris Kobach, the recently elected Kansas secretary of state, is a lawyer and professor of law who specializes in immigration issues. The architect of Arizona’s SB-1070, he is the legal mind behind two new proposals to challenge the automatic granting of citizenship to any child born in the United States, regardless of the legal status of his parents. The first proposal is state-level legislation that would not affect the federal citizenship of an illegal immigrant’s child, but would deny him citizenship of that state. The second is a state compact, which has to be adopted by at least two states and approved by Congress to be enacted, that would deny the children of illegal immigrants citizenship at both the state and the federal level.

“They’re two routes to the same destination,” says Kobach. “They attempt to restore the original meaning of the Fourteenth Amendment.”

(*CLAP-CLAP-CLAP*)

Joining Kobach in the effort is Pennsylvania state representative Daryl Metcalfe, who founded State Legislators for Legal Immigration. Metcalfe reports that lawmakers from 32 states have expressed interest in at least one of the initiatives...

* GOOD... GOOD... (*NODDING*)

If even one state passes the law that denies state citizenship to the children of illegal immigrants, there is likely to be a lawsuit. “Hopefully, it would eventually present the issue to the Supreme Court,” says Kobach, “so that we would have an authoritative statement from the court on whether ‘subject to the jurisdiction thereof’ - [on] whether those words have any meaning or not.”

(*CLAP-CLAP-CLAP*)

To Kobach, it is “nonsensical” to understand “subject to the jurisdiction thereof” as meaning anything other than that at least one of the parents must be a citizen of, or at least legally residing in, the United States.

(*STILL NODDING*)

Talking about United States v. Wong Kim Ark, the Supreme Court decision in 1898 that many view as having settled that all babies born in the U.S., regardless of parenthood, are citizens, Kobach points out that Wong Kim Ark was the son of Chinese immigrants legally living in this country at the time of his birth.

* YEP... (*STILL NODDING*)

"[E]very ounce of evidence of original intent says that our understanding is correct,” says Kobach, remarking that the framers of the Fourteenth Amendment intended that birthright citizenship be given only to children whose parents had no allegiance to a different country.

* YEP... (*STILL NODDING*)

“The other factor,” [Kobach] adds, “is that there is a long-standing rule of interpreting the Constitution that says there are no surplus words in the Constitution. And the way the liberals want to read the Fourteenth Amendment, they treat ‘subject to the jurisdiction thereof’ as if they are surplus words meaning nothing.”

(*VIGOROUSLY NODDING MY HEAD*) (*CLAP-CLAP-CLAP*)

* To be continued...

January 27, 2011 at 11:38 AM
William R. Barker said...

* CONTINUING... (Part 2 of 2)

Linda Chavez, chairman of the Center for Equal Opportunity, argues that the position that “subject to the jurisdiction thereof” excludes the children of illegal immigrants “is clearly ahistorical and clearly conflicts with not just the historical debate, but consequent Supreme Court decisions.” Chavez compares today’s illegal immigrants to the gypsies present in this country when the Fourteenth Amendment was debated. Gypsies didn’t pay taxes, yet their children were considered citizens by the legislators.

* O.K. SOUNDS LIKE A REASONABLE ARGUMENT. LET'S HEAR MORE. LET'S HAVE HONEST DEBATE - FACT VS. FACT!

While the state-citizenship legislation is likely to punt the question of birthright citizenship to the courts, Kobach says the state compact “tees up the issue for Congress.” (State compacts must be approved by a majority of congressional lawmakers, although presidential approval is not necessary.)

The futures of the initiatives are uncertain, but supporters see tackling the issue as crucial. For Metcalfe, ending birthright citizenship for illegal immigrants’ children is as necessary as securing the border. “The fact remains that we still have people within our borders who are here illegally,” he says. “We as a state have to deal with those individuals as far as jobs they’re taking away from our citizens, and the benefits they’re illegally tapping into.”

(*NOD*)

Roy Beck, executive director of the immigration-restriction group NumbersUSA, also stresses the importance of changing birthright citizenship in the effort to halt or slow illegal immigration. “It is an incentive,” he says. “It’s a moderate incentive for people to come here illegally, and it’s a major incentive for illegal aliens not to go home.”

* YEP... THAT'S JUST COMMON SENSE... (*NODDING*)... OH... AND BTW...

Almost no advanced countries, with the exception of Canada, treat children born to non-citizen parents within their borders as automatic citizens.

* JUST SAY'IN!

January 27, 2011 at 11:39 AM
William R. Barker said...

http://www.nationalreview.com/exchequer/258111/statistical-chicanery-texas-budget-edition

* INSIDE BASEBALL, BUT WORTH POSTING JUST TO REINFORCE THE POINT THAT PAUL KRUGMAN IS A PIECE OF HUMAN GARBAGE.

The Paul Krugman–led chorus trying to discredit Texas’s economic model has been claiming that Texas relied more heavily than any other state on federal stimulus money to close its budget gap. And there is an element of truth to that: Stimulus funds, they point out, covered 97% of Texas’s shortfall.

Is that because Texas is, in the words of Jason Kuznicki (who should know better), a “welfare queen?” Or is it because Texas had a fairly small gap to begin with, so the federal funds went a lot further in covering it?

That 97% figure got retailed all over the place - CNN, Jon Chait at The New Republic, etc.

But it is basically meaningless to say that “Texas was the state that depended most” on stimulus funds without taking into account the size of the gap covered. Texas’s was just $6.6 billion. For comparison, California’s deficit in 2009 was more than $26 billion.

(*SMIRK*)

The fact is that Texas, at $985 per capita, received less stimulus funding than almost any other state. (Virginia and Nebraska were lower.)

(*SNICKER*)

It is no surprise to find Paul Krugman manipulating figures, but I am surprised by the number of people who fell for this storyline.

* THANKS TO KEVIN D. WILLIAMSON FOR THIS INFO!

January 27, 2011 at 12:26 PM
William R. Barker said...

http://www.nationalreview.com/articles/258087/passing-old-order-victor-davis-hanson

[T]he high jobless rate among recent college graduates, who are burdened by thousands of dollars in student loans, is starting to resemble the Freddie Mac/Fannie Mae spawned financial bubble of 2008, in which millions of indebted and unemployed borrowers could not pay back exorbitant federally insured home loans.

For parents to keep borrowing $200,000 to certify their children with high-prestige degrees that don’t necessarily lead to good jobs seems about as wise as buying a sprawling house that one can’t afford.

Therapeutic college curricula and hyphenated “studies” courses have not made graduates better read or more skilled in math and science. For many employers, the rigor of the new B.A. is scarcely equivalent to that of the old high-school diploma.

(*NOD*)

The global-warming “crisis” has reminded Americans that careerist Ph.D.s can be just as likely to fudge evidence and distort research as political lobbyists.

The old blanket respect for academia and academics is eroding.

* "CREDENTIALISM" IS RIGHT UP THERE WITH "CAREERISM" AS A TERM OF DERISION NOWADAYS. (AS WELL IT SHOULD BE!)

* ANYWAY... READ THE FULL OP-ED. IT'S VERY INTERESTING AND RIGHT ON TARGET.

January 27, 2011 at 12:26 PM
William R. Barker said...

http://apnews.myway.com/article/20110127/D9L0BDUG0.html

Sick and getting sicker, Social Security will run at a deficit this year and keep on running in the red until its trust funds are drained by about 2037, congressional budget experts said Wednesday in bleaker-than-previous estimates.

(*SNORT*)

* FOLKS... THERE ARE NO "TRUST FUNDS." (ANYONE WHO DOESN'T REALIZE THIS MUST BE A FIRST TIME VISITOR HERE TO USUALLY RIGHT - AND AN IGNORAMOUS TO BOOT!) SOCIAL SECURITY IS A PAY AS YOU GO PROGRAM. SOCIAL SECURITY "CONTRIBUTIONS" ARE OFFICIALLY RECOGNIZED BY THE U.S. SUPREME COURT AS "TAXES." PERIOD. THESE "TRUST FUNDS" ARE STUFFED WITH IOU's. IT'S ALL SMOKE AND MIRRORS, FOLKS... THE KIND OF ACCOUNTING THAT WOULD LAND A PRIVATE SECTOR CPA A LONG PRISON SENTENCE.

[Social Security] first went into deficit last year but had been projected to post surpluses for a few more years before permanently slipping into the red in 2016.

* AGAIN, FOLKS... (*SIGH*)... YOU FOLKS ALL KNOW THIS... BUT THE AVERAGE SHEEP... THE AVERAGE MEMBER OF THE HERD... HE HAS NO CLUE.

(*PHYSICALLY SICK TO MY STOMACH*)

This year alone, Social Security will pay out $45 billion more in retirement, disability and survivors' benefits than it collects in payroll taxes, the nonpartisan Congressional Budget Office said.

* WAIT FOR IT... WAIT FOR IT...

That figure nearly triples - to $130 billion - when the new one-year cut in payroll taxes is included.

* FOLKS... AGAIN... IF VIOLENCE ISN'T THE ANSWER THAN WHAT IS...??? THOSE IN POWER CONTINUE TO DESTROY OUR NATION SECOND BY SECOND, MINUTE BY MINUTE, HOUR BY HOUR...

Congress has promised to replenish any lost revenue from the tax cut...

* HOW...?!?! WHEN YOU'RE RUNNING DEFICITS OF $1.5 TRILLION HOW IN GOD'S NAME DO YOU "REPLENISH" ANYTHING...?!?! AGAIN, FOLKS, THE FEDERAL GOVERNMENT TAKES IN ONLY .59-CENTS FOR EVERY $1.00 IT SPENDS - THE REST IS BORROWED!

For much of the past 30 years, [Social Security] has run big surpluses, which the government has borrowed to spend on other programs.

* TRANSLATION: "STOLE TO SQUANDER."

* FOLKS... THE MONEY IS GONE...!!! IT'S BEEN SPEND...!!! THERE ARE NO "REFUNDS" TO HOPE FOR...!!!

Now that Social Security is running deficits, the federal government will have to find money elsewhere to help pay for benefits.

* ONE MORE TIME... (*GRITTING MY TEETH*)... THE FEDERAL GOVERNMENT DOESN'T HAVE THE MONEY TO PAY IT'S DAY TO DAY SPENDING - FORGET UNFUNDED LIABILITIES... FORGET "PAYING BACK" DEBT.

Social Security has built up a $2.5 trillion surplus since the retirement program was last overhauled in the 1980s.

(*HEAD EXPLODING*)

* NO...! IT...! HASN'T...!!! THERE IS NO "SURPLUS." THE MONEY HAS BEEN SQUANDERED! IT'S GONE! IT'S SPENT...!!! ALL THAT'S IN THE "LOCK BOX" ARE IOU's BASED UPON A BROKE ENTITY'S "PROMISE" TO PAY...!!!

January 27, 2011 at 7:38 PM
William R. Barker said...

http://www.bloomberg.com/news/2011-01-27/initial-jobless-claims-in-u-s-rose-51-000-last-week-to-454-000.html

More Americans than forecast filed first-time claims for unemployment insurance payments last week...

* MORE THAN "FORECAST," HUH? (*SMIRK*)

Applications for jobless benefits increased...to 454,000 in the week ended Jan. 22, Labor Department figures showed today.

* AH, WHAT'S A LOUSY CLOSE TO HALF MILLION NEW UNEMPLOYED REALLY MATTER, RIGHT? OUR PRESIDENT HAS EVERYTHING UNDER CONTROL - JUST ASK HIM!

The unemployment rate among people eligible for benefits, which tends to track the jobless rate, rose to 3.2 percent in the week ended Jan. 15, today’s report showed.

(*SARCASTIC CLAP-CLAP-CLAP*) HAPPY DAYS ARE HERE AGAIN, MY FRIENDS! ALL HAIL OBAMA... ALL HAIL HOPE... AND CHANGE... (*SIGH*)

Lowe’s Co., the second-biggest U.S. home-improvement retailer, said this week it plans to eliminate 1,700 middle- management jobs in stores as profit growth trails that of larger Home Depot Inc.

(*SARCASTIC CLAP-CLAP-CLAP*)

At the same time, Mooresville, North Carolina- based Lowe’s plans to add 8,000 to 10,000 weekend sales positions to improve staffing at the chain’s busiest time of the week.

(*SNORT*) HMM... PERHAPS I'LL TRADE HANK FOR A '73 GREMLIN AND CALL IT EVEN STEVEN! (*CLOSING MY EYES*) (*SHAKING MY HEAD*)

General Motors Co., the largest U.S. automaker, will add a third shift and about 750 jobs to its assembly plant in Flint, Michigan, to meet rising demand for pickups, according to a Jan. 24 statement. The hiring will start in the second quarter, and the additional shift will begin in the third quarter, Detroit- based GM said.

* WELL I GUESS THAT'S GOOD NEWS... ONLY... I THOUGHT THAT PICK-UPS WERE BAD... YOU KNOW, POLLUTING. GAS GUZZLING, "ANTI-GREEN" MONSTERS RESPONSIBLE FOR DESTROYING THE EARTH...???

* OH... AND DON'T FORGET... GM HAS BEEN EXEMPTED FROM FEDERAL INCOME TAXES FOR THE NEXT FEW YEARS... HOW MUCH ARE THESE NEW JOBS COSTING TAXPAYERS (YOU KNOW, LIKE THE PART-TIME WEEKEND SALES HELP LOWE'S WILL SOON BE HIRING) IN TERMS OF SUBSIDIES?

(*JUST SHAKING MY HEAD*)

January 27, 2011 at 7:38 PM
William R. Barker said...

http://newsblogs.chicagotribune.com/clout_st/2011/01/supreme-court-decision-in-emanuel-mayor-case-coming-today.html

The Illinois Supreme Court ruled today that Rahm Emanuel can stay on the ballot for mayor of Chicago.

* THUS RULING AGAINST THE ACTUAL LAW.

(*SHRUG*)

* FOLKS... WHEN THE AUTHORITIES - THE TEMPORARY AUTHORITIES OF A REPUBLICAN GOVERNMENT - SIMPLY IGNORE WRITTEN LAW BECAUSE THEY FIND IT INCONVENIENT TO ABIDE BY WRITTEN LAW THEN YOU NO LONGER HAVE A SOCIETY WHERE THE RULE OF LAW IS PARAMOUNT. IT REALLY IS THAT SIMPLE.

January 27, 2011 at 7:39 PM
William R. Barker said...

http://www.investors.com/NewsAndAnalysis/Article/561249/201101272010/The-False-Advertising-Of-ObamaCare.aspx

(*CLEARING MY THROAT*)

* TO REITERATE...

The Democrats said that under their plan, health care costs would go down and those who wanted to keep their insurance would be able to.

Appearing Wednesday at a House Budget Committee hearing, Medicare Chief Actuary Richard Foster said ObamaCare will not hold down health care costs, as President Obama and the Democrats promised it would.

* STRIKE ONE.

[W]hen Republican Rep. Tom McClintock of California asked [Foster,] "The other promise, if you like your plan, you can keep it. True or false?" [Foster's response was,] "Not true in all cases."

* MEANING... "NO!" (AND WITH THAT WE HAVE STRIKE TWO CALLED.)

* IN THIS "GAME," TWO STRIKES AND OBAMA AND THE DEMS ARE OUT.

While the Democrats have tried to obscure the facts — the party itself issued a statement claiming that its plan "lowers costs for every patient" — Foster's office has taken a straightforward approach in analyzing the issue.

Health care costs will go up, it said, because more Americans will be seeking medical treatment in larger numbers. It's simple math.

The office of the actuary is also projecting that about half of the 14.8 million who are in private Medicare Advantage plans will lose their coverage by 2017.

Foster's office has projected, as well, that what the Democrats are calling reform "would collectively reduce the number of people with employer-sponsored health coverage by about 14 million."

None of this is new. The truth about the Democrats' "Patient Protection and Affordable Care Act" has been there all along.

* FOLKS... WITH ALL THAT'S HAPPENING... WITH EVERYTHING WE'RE FINDING OUT... (*SIGH*)... IN A SANE POLITICAL SYSTEM WE'D SEE OBAMA BEING IMPEACHED AS I WRITE THIS.

(*NOD*)

January 27, 2011 at 9:25 PM
William R. Barker said...

http://www.investors.com/NewsAndAnalysis/Article/561147/201101271828/Budget-Myths-Propel-US-Toward-Crisis.aspx

It was a teachable moment - and Barack Obama didn't teach. Unless public opinion changes, we won't end our budget deadlock.

As is well-known, Americans want budget deficits curbed. In a Kaiser Family Foundation poll, 54% urge Congress and the president to "act quickly," and 57% prefer spending cuts to tax increases. But there's little support for cuts in Social Security (64% opposed), Medicare (56%) and Medicaid (47%), approaching half of federal spending.

The State of the Union gave Obama the opportunity to confront the contradictions and educate Americans in the unpleasant realities of uncontrolled government. He declined.

* AS LARGELY THE GOP DOES! COM'ON... EXCEPT FOR RAND AND RON PAUL AND A HANDFUL OF OTHERS, HOW MANY ELECTED OFFICIALS ACTUALLY TELL THEIR CONSTITUENTS AND THE CITIZENRY AS A WHOLE THE TRUTH?

* FOLKS... HOW OFTEN TO I EXPLAIN - REITERATE - THAT SOCIAL SECURITY IS A PONZI SCHEME AND THAT THE MEDIA IS CONSTANTLY MISREPRESENTING HOW IT WORKS? NOW... ASK YOURSELVES... HOW MANY TIMES HAVE YOU HEARD YOUR OWN CONGRESSMAN OR SENATOR OR ESTABLISHMENT DEMOCRAT OR REPUBLICAN POLITICIAN LAY OUT THE TRUTH IN THE SIMPLE, STARK TERMS I DO...?

What we got were empty platitudes. We won't be "buried under a mountain of debt," Obama declared.

Heck, we're already buried.

Americans think deficits are someone else's problem that can be cured by taxing the rich (say liberals) or ending wasteful spending (conservatives). Obama indulged these fantasies.

* A POX ON BOTH THEIR HOUSES, BUT AT LEAST "TEA PARTY" REPUBLICANS ARE MOVING THE GOP IN THE RIGHT DIRECTION.

In fiscal 2010, the deficit - the gap between government spending and revenues - was $1.3 trillion.

Of that, about $725 billion was a "structural" deficit, says Mark Zandi of Moody's Analytics. That is, it would exist even if the economy were at full employment (5.75% by Zandi's estimate).

(*SIGH*)

[And] even this arithmetic may be misleading! Falling interest rates - reflecting the recession and Federal Reserve policy - have lowered the government's interest payments despite ballooning debt.

(*HEADACHE*)

In 2010, federal interest costs were $197 billion, down from $253 billion in 2008. But as the economy strengthens, interest rates will rise, offsetting some of the recovery's beneficial effect on the deficit. By 2020, annual interest payments could approach $800 billion, projects the Congressional Budget Office.

* AND WHAT HAVE WE BEEN READING ALL DAY... THAT'S RIGHT... WE'VE BEEN READING THAT GOVERNMENT "PROJECTIONS" ARE USUALLY LOWBALLED! IF MEMORY SERVES, A MORE REALISTIC GUESS IS THAT BY 2020 WE'LL BE SPENDING AT LEAST A TRILLION DOLLARS A YEAR IN INTEREST PAYMENTS ALONE. FOLKS... THE SYSTEM IS COLLAPSING. DON'T FOOL YOURSELVES. I DON'T KNOW WHAT THIS WILL MEAN, BUT I'M GUESSING MANY OF THE DETAILS WON'T BE PLEASANT.

We cannot have a useful debate on the role of government - what it should do, for whom and at whose expense - if Americans are highly misinformed. Obama should have dispelled some common budgetary myths.

* BUT HE DIDN'T.

* FOLKS... (*SIGH*)... THOSE OF YOU WHO HAVE BEEN FOLLOWING MY NEWSBITES... YOU KNOW WE'RE F--KED, RIGHT? YOU CAN'T ABSORB THE INFO I THROW AT YOU AND NOT KNOW IN YOUR HEARTS THAT THE POLITICIANS HAVE DESTROYED OUR COUNTRY. WE'RE AS DEAD AS THE GUY WHO HAS JUST BEEN TOLD BY HIS DOC THAT HE HAS STAGE 4 UNTREATABLE CANCER THAT IS SURE TO KILL HIM WITHIN "X" NUMBER OF MONTHS. JUST BECAUSE THE NEWS DOESN'T KILL HIM DOESN'T CHANGE THE FACT THAT HE'S LOOKING AT A SURE FATE.

January 27, 2011 at 9:43 PM

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