Consumer spending in the U.S. rose in January even as incomes dropped by the most in 20 years, showing households were weathering the payroll-tax increase by socking away less money in the bank.
Household purchases, which account for about 70 percent of the economy, climbed 0.2 percent…
The Decline And Fall Of The American Empire
Maxine Waters is top Democrat on the House Financial Service Committee.
h/t betacamsp
“When the president does it, that means that it is not illegal”
Say what you want about Nixon – at least he was man enough to do his own dirty work.
More here: Yeah, I Got the Abusive Treatment From the WH and the Same ‘You Will Regret This’ Threat
“When the president does it, that means that it is not illegal”
“Very senior person” at White House emailed Bob Woodward “you’re going to regret doing this,” says Woodward live now on @cnn.
— Steve Krakauer (@SteveKrak) February 27, 2013
Is There Nothing That Obama Can’t Do?
Heh.
“That’s a kind of madness that I haven’t seen in a long time”
The famous investigative journalists are always the last to notice.
Blue State
“The Illinois Lottery bounced dozens of checks written to winners, many for scratch-off tickets worth $1,000.”
Bin Laden is Dead And Ambassador Stephens Is Dead
US military report showing drop in Taliban attacks found to be incorrect
h/t Maz2
“It’s just paperwork, it doesn’t matter”
“A person with a gun and a government badge asked me to swear in writing that a lie was true today. And when I didn’t do what she wanted she simply took my boat and asked me to leave.”
Must Have Meant “Kenyan”
Nigerian president ‘spent $1million of aid money meant for poverty-stricken country on star-studded festival …’
(h/t Patsplace)
What We Really Need Is Democracy
With a jihadist thugocracy to vote for;
Obama’s New Libya Update: American and Three Others Arrested in Benghazi for Preaching Christianity
They face the death penalty.
The Decline And Fall Of The American Empire
Another day, another “crisis”;
To recap, the sequester was originally supposed to total $109 billion – but lawmakers delayed its onset by two months during the fiscal cliff negotiations. Now U.S. President Barack Obama – who first proposed the sequester as part of the 2011 debt ceiling deal – wants to delay it again.
According to Obama, the sequester would represent “a huge blow to middle-class families and our economy as a whole.” Obama’s White House has also referred to the sequester as “devastating,” saying its cuts would “imperil our economy, our national security (and) vital programs that middle class families depend on.”
Sounds frightening – but is it true? Of course not.
Benghazi: “Do you care whether four Americans died?”
It’s Probably Nothing
So not only is the DHS stockpiling decades of war’s worth of ammunition – which means literally centuries of DHS usage – it’s doing so through front companies that come into being to collect the contract checks and presumably disappear once the checks have been written. The real questions here are who owns or controls Evian Group and what is his/their connection to the Democrat party?
President Downgrade
SDA rates this story as AA+.
Is There Nothing… Oh, Wait…
Obama’s second inauguration speech may be his Queeg moment — an undeniable demonstration that, in an emergency, he is incapable of grappling with reality. For all his unceasing invocation of the word “change,” the outstanding thing about Obama has been his apparent inability to react, even to an imminent crisis. Like Queeg, he stands frozen on the bridge as the waves grow higher, or obsesses over issues like homosexuals and women in the military as the typhoon rises.
Faced with the worst looming fiscal cliff-fall in world history Obama, like Queeg in the typhoon, has done nothing at all, but has, increasingly, resorted to meaningless words. His pseudo-Keynesian fiscal notions and a mantra-like repetition of old and failed ideas, suggest a serious lack on mental versatility.
Economics is not an exact science, but some of its rules are now well-known, and one is that a government cannot spend its way out of a recession.
Maybe. But don’t rule out malice.
It’s Probably Nothing
Breaking: U.S. GDP contracts 0.1% in fourth quarter. wsj.com
— Wall Street Journal (@WSJ) January 30, 2013
Is There Nothing That Obama Can’t Do?
The State Department on Monday reassigned Daniel Fried, the special envoy for closing the prison at Guantánamo Bay, Cuba, and will not replace him, according to an internal personnel announcement. Mr. Fried’s office is being closed…
Y2Kyoto: State Of Anorexia Envirosa
Chase Power, the parent company behind the $3 billion Las Brisas coal power plant in Corpus Christi, Texas, announced yesterday that it was cancelling the project.
[…]
Freysinger made it very clear who was responsible for the projects death. “The (Las Brisas Energy Center) is a victim of EPA’s concerted effort to stifle solid-fuel energy facilities in the U.S., including EPA’s carbon-permitting requirements and EPA’s New Source Performance Standards for new power plants,” he said.
The Las Brisas power plant had been part of a larger Las Brisas Energy Center project planned for Corpus Christi’s Inner Harbor.Economists had projected that in the first 5 years of construction and operation the project would create as 1,300 direct and 2,600 indirect jobs. Now none of those jobs will exist.
Blue State
They should have voted for Republicans. This might be a scandal by now.
The brutal cold snap affecting much of the country is taking a devastating toll on victims of superstorm Sandy, many of whom are camped out in tent cities or living in homes without power, heat or running water.
Hundreds of people in New York’s Staten Island and along the Jersey Shore are still without basic necessities nearly three months after the devastating storm struck.
Related – “What we are witnessing is the full and seamless fusion of media power with government power.” And that’s why Staten Island only makes news when there’s an opportunity to blame Republicans for it.