Wednesday, March 9, 2011

Barker's Newsbites: Wednesday, March 9. 2011


Turn up your speakers' volume, my friends!

6 comments:

William R. Barker said...

http://www.cnbc.com/id/41978227

The federal government Tuesday granted Maine a waiver of a key provision in President Barack Obama's health care overhaul...

* YOU KNOW... THE "OVERHAUL" WHICH REQUIRES ALL THESE... er... WAIVERS.

(*SNORT*)

The U.S. Health and Human Services department said in a letter it would waive the requirement that insurers spend 80 cents to 85 cents of every premium dollar on medical care and quality improvement. Instead, the letter said, the state could maintain its 65% standard for three years...

* WHOA! (YOU DON'T THINK OUR BELOVED PRESIDENT IS ATTEMPTING TO BRIBE MAINE'S TWO RINO SENATORS - FAVORS TO BE RETURNED AT AN UNSPECIFIED LATER DATE, DO YOU?)

(*SNICKER*)

William R. Barker said...

http://www.nationalreview.com/articles/261532/impervious-evidence-mona-charen

Head Start...a government program that would provide care, nutrition, education, and skills to impoverished preschoolers in order to erase, to the degree possible, the handicaps poverty imposes. That was the idea in 1965, when Head Start was founded.

Lyndon Johnson, upon signing the enabling bill, declared, “Today we reach out to five and half million children held behind their more fortunate schoolmates by the dragging anchor of poverty.”

Head Start, he promised, would be their “passport” out.

It would have been worth the $166 billion taxpayers have spent on the program since 1965 if a significant portion of Head Start alumni did improve their educational outcomes and escape poverty. But that did not happen. As any number of studies have demonstrated over the years, the effects of Head Start are modest to nugatory.

As any number of studies have demonstrated over the years, the effects of Head Start are modest to nugatory. Stephen and Abigail Thernstrom chronicled the failure in No Excuses. (See:http://www.amazon.com/No-Excuses-Closing-Racial-Learning/dp/074326522X/ref=sr_1_5?s=books&ie=UTF8&qid=1299703566&sr=1-5)

A 1969 study found that any gains participants displayed faded away in the early grades. By third grade, Head Start graduates were indistinguishable from their non-participating classmates.

Later surveys showed similarly dismal results. By 1987, even the program’s founder, Yale psychologist Edward F. Zigler, declined to claim educational benefits for the program.

A just-released study by the Department of Health and Human Services delivers incredibly harsh news about Head Start. A large, nationwide survey of 4,600 preschoolers who were randomly assigned to either Head Start (experimental group) or no program (control group) were studied on 114 different measures ranging from academic skills to social/emotional development to health status. The study found no statistically relevant effects from the Head Start program by the end of first grade.

* NEVERTHELESS... (WAIT FOR IT... WAIT FOR IT...)

President Obama had boosted funding for Head Start from $6.8 billion in 2008 to $9.2 billion in 2009.

Secretary of Health and Human Services Kathleen Sibelius and Education Secretary Arne Duncan support even greater “investments” in the failed program in the future.

(*HEADACHE*)

According to Douglas Besharov of the University of Maryland, it costs $22,600 annually to keep a child in a year-round Head Start program.

Typical preschools run about $9,500.

(*JUST SHAKING MY HEAD*)

William R. Barker said...

http://www.bloomberg.com/news/2011-03-09/gross-drops-government-debt-from-pimco-s-flagship-fund-zero-hedge-reports.html

Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., eliminated government-related debt from his flagship fund last month as the U.S. projected record budget deficits.

Yields on Treasuries may be too low to sustain demand for U.S. government debt as the Federal Reserve approaches the end of its second round of quantitative easing, Gross wrote in a monthly investment outlook posted on Pimco’s website on March 2.

The Zero Hedge website first reported the change in assets today. Pimco doesn’t comment on changes in holdings.

* NOT GOOD, PEOPLE... NOT GOOD...

William R. Barker said...

http://www.reuters.com/article/2011/03/09/us-usa-gasoline-price-idUSTRE7286IO20110309

U.S. drivers will pay another 10 cents a gallon for gasoline before the latest jump in wholesale costs is fully passed on at the pump, and yearly motor fuel costs will rise 28% from last year, the Energy Department said on Wednesday.

* OR AS THE GOVERNMENT MEASURES INFLATION... 28% INCREASE IN FUEL COSTS = 0% INFLATION.

(*SMIRK*)

The average U.S. household will spend about $700 more for gasoline in 2011 than it spent last year...

* AN EXTRA $700 OUT OF YOUR FAMILY'S POCKET FOR FUEL = $0.00 OUT OF YOUR POCKET ACCORDING TO FEDERAL "INFLATION MATH."

Higher gasoline prices will give consumers less money to spend on other goods and services...

* YA THINK...?!?! YA FRIGG'N THINK...?!?!

* AND OF COURSE... THAT'S NOT INFLATION - AT LEAST NOT ACCORDING TO OUR BELOVED FEDERAL GOVERNMENT.

William R. Barker said...

http://www.reuters.com/article/2011/03/09/us-usa-treasury-budget-idUSTRE7285UP20110309?feedType=RSS&feedName=politicsNews&rpc=22&sp=true

U.S. Treasury Secretary Timothy ["The Tax Cheat"] Geithner urged [Congress] on Wednesday to approve capital increases for global lending institutions...[seeking] backing for a $1.24 billion budget increase to $3.36 billion for international programs that Treasury oversees.

* SO LET ME GET THIS STRAIGHT: WE'RE BROKE. WE'RE TRILLIONS AND TRILLIONS OF DOLLARS IN DOUBT WITH MORE TRILLIONS AND TRILLIONS IN UNFUNDED FUTURE LIABILITIES. THIS MONTH ALONE WE BORROWED ALMOST THREE HUNDRED BILLION DOLLARS AND THIS FISCAL YEAR'S DEFICIT - THIS YEAR'S ALONE - IS EXPECTED TO BE AT LEAST $1.65 TRILLON.

(*BLOOD RUSHING TO MY HEAD*)

* SO THIS BEING THE SITUATION, GEITHNER WANTS CONGRESS TO APPROVE BORROWING $3.36 BILLION FROM CHINA SO THAT WE CAN THEN LOAN THIS $3.36 TO... "INTERNATIONAL PROGRAMS THAT TREASURY OVERSEES."

(*HEADING TO WALMART TO STOCK UP ON MORE AMMO*)

William R. Barker said...

http://www.nytimes.com/2011/03/09/us/politics/09king.html?_r=2&hp

Long before he became an outspoken voice in Congress about the threat from terrorism, [Peter King (R-NY)] was a fervent supporter of a terrorist group, the Irish Republican Army.

(*NOD*)

“We must pledge ourselves to support those brave men and women who this very moment are carrying forth the struggle against British imperialism in the streets of Belfast and Derry,” Mr. King told a pro-I.R.A. rally on Long Island, where he was serving as Nassau County comptroller, in 1982. Three years later he declared, “If civilians are killed in an attack on a military installation, it is certainly regrettable, but I will not morally blame the I.R.A. for it.”

* PETER KING IS A PIECE OF HUMAN TRASH.

Mr. King, son of a New York City police officer and grand-nephew of an I.R.A. member, offers no apologies for his past, which he has celebrated in novels that feature a Irish-American congressman with I.R.A. ties who bears a striking resemblance to the author.

Of comparisons between the terrorism of the I.R.A. and that of Al Qaeda and its affiliates, Mr. King said: “I understand why people who are misinformed might see a parallel. The fact is, the I.R.A. never attacked the United States. And my loyalty is to the United States.”

* THE IRA REGULARLY ATTACKED AN ALLY - A NATO ALLY - OF THE UNITED STATES. AS KING IS NO DOUBT AWARE, THE NATO CHARTER CENTERS AROUND THE CONCEPT THAT AN ATTACK UPON ONE MEMBER IS AN ATTACK UPON ALL MEMBERS.

* IT MAKES ME SICK THAT SOMEONE LIKE PETER KING CAN BE A MEMBER OF CONGRESS.

The I.R.A. was responsible for 1,826 of 3,528 deaths during the Northern Irish conflict between 1969 and 2001, including those of several hundred civilians, said the historian Malcolm Sutton