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Archive for October 2011

The Bank of Obama

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The Washington Post reports on the huge sums of cash that President Obama has been raking in from Wall Street firms:

Obama has brought in more money from employees of banks, hedge funds and other financial service companies than all of the GOP candidates combined.

But that could be a problem for a politician and party that has been relying heavily on class warfare and anti-capitalism sentiment:

Obama’s ties to Wall Street donors could complicate Democratic plans to paint Republicans as puppets of the financial industry, particularly in light of the Occupy Wall Street protests that have gone global over the past week.

Most “occupy” protesters don’t care. After all, they’re not really protesting against Wall Street firms, they’re simply protesting against the Republican party.

But some independent, informed Americans will take note of the hypocrisy. And they will act accordingly.

Written by breckfield

October 20, 2011 at 7:45 am

Posted in business, politics

Clueless on Wall Street

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New York magazine asked “Occupy Wall Street” protesters:

What is the S.E.C.?

68 percent answered:

I don’t know.

The correct answer, of course, is The Securities and Exchange Commission.

Think about that for a moment: most of the protesters on Wall Street do not even know what the SEC is.

The quizmasters then asked protestors:

What does the government spend more on?

  • Health care and pensions
  • Education
  • The military

94 percent answered:

The military

But in fact the government spends more than twice as much on health care and pensions (43%)  as on the military (20%).

The complete embarrassing results can be found here.

Written by breckfield

October 19, 2011 at 7:51 am

Posted in Uncategorized

World’s first malaria vaccine works in major trial

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An experimental vaccine from GlaxoSmithKline halved the risk of African children getting malaria in a major clinical trial, making it likely to become the world’s first shot against the deadly disease.

via World’s first malaria vaccine works in major trial | Reuters.

Written by breckfield

October 18, 2011 at 8:50 pm

Posted in Uncategorized

Don’t Occupy Education?

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On Thursday, I met a guy down in Zuccotti Park. He speaks six languages, but he has nothing useful to say in any of them. He is the movement’s perfect spokesman.

via Don’t Occupy Education? – By Charles C. W. Cooke – The Corner – National Review Online.

Written by breckfield

October 18, 2011 at 8:39 pm

Posted in Uncategorized

President Goldman Sachs

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If Occupy Wall Street was a genuine grassroots movement genuinely outraged by the idea that banksters own the government, then they would be marching on the Obama White House.

via The Voice in My Head: President Goldman Sachs.

Written by breckfield

October 16, 2011 at 8:05 am

Posted in politics

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Why Big Government Is No Way To Create Jobs

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John Stossel explains why the free market is better at determining value—and creating jobs—than the government:

We need infrastructure, but the beauty of leaving most of these things to the private sector — without subsidies, bailouts and other privileges — is that they would have to be justified by the profit-and-loss test.

In a truly free market, when private companies make bad choices, investors lose their own money. This tends to make them careful.

By contrast, when government loses money, it just spends more and raises your taxes, or borrows more, or inflates. Building giant government projects is no way to create jobs.

When government spends on infrastructure, it takes money away from projects that consumers might think are more important.

Read the whole article.

Written by breckfield

October 15, 2011 at 1:36 pm

Posted in business, politics

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Red Sox Owner John Henry: State Of Denial

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CBS Sports reports:

Boston Red Sox owner John Henry popped in on a Boston radio show on Friday to deny that the club conducted a smear campaign against manager Terry Francona after letting him go.

The billionaire financier also seized the opportunity to slip a knife into the back of departing general manager, Theo Epstein:

Henry also said that he personally opposed signing outfielder Carl Crawford to a seven-year, $142 million contract but leaves those decisions to the baseball people.

From the comments thread:

There hasn’t been this much denial in MA since Teddy Kennedy drove the car in the lake.

 

Written by breckfield

October 14, 2011 at 9:05 pm

Posted in baseball

Tagged with , , ,

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