Bullshit Artists

Beef Prices Set New Record Highs

"Retail beef prices rose nearly 4¢ in August to reach $5.394/lb, a record high, reports Beef Magazine. This should be no problem, though, if you switch to lower priced goods as beef climbs, as government theorizes consumers do as part of its chained-inflation index. For example, peanut butter prices are down 5.7% over the last 12 months, according to the BLS. So if you switch from steak to peanut butter sandwiches, you won't notice any increase in the cost of eating." Continue reading →

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Surprise, Surprise: Consumers Do Not Believe the Fed’s Inflation Projections

"Caroline Baum of Bloomberg addresses the question of why consumers have ignored the Fed’s widely ballyhooed inflation target of 2 percent and the fact that CPI inflation has averaged only 1.5 percent over the past five years. Her answer is enlightening: 'Consumers either don’t listen, don’t care or derive their expectations from their own shopping cart. Food and gas comprise a big part of the household budget, and energy prices, at least, have been rising much faster than inflation. Just as consumers vote their pocketbook, they use their pocketbook to make judgments on where inflation is today and where prices are headed.'" Continue reading →

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Fmr. NSA chief: ‘Morally arrogant’ Snowden will probably become alcoholic

"Gen. Michael Hayden, a former NSA and CIA chief, shared a lot of opinions during a discussion at a Washington church Sunday, beyond his thoughts on terrorists' love for Gmail and the U.S. government's approach to the Internet. Discussing the 'tension between security and liberty' at St. John's Episcopal Church near the White House, Hayden criticized the reporting of NSA surveillance programs, argued that society must make a choice between security and liberty, and took personal shots at NSA leaker Edward Snowden." Continue reading →

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Median Household Income Is Flat

"In 2012, median household income in the USA was flat. Adjusted for price inflation, it was down 9% since 1999: the Clinton era. It is where it was in the late 1980s: early Bush I. All this has happened under Keynesianism. The engine of economic development has gone flat for 80% of Americans. According to Keynesian economic theory, none of this should have happened. The federal government is supposed to be able to manage the economy, so that recessions are short and mild. But that theory was blasted by the recession of 2008-9. The recovery has not done anything for the vast majority of Americans." Continue reading →

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Health Insurance Premiums Continue To Rise Under Obamacare

"Yesterday the Department of Health and Human Services (HHS) released a report that claims to highlight how Obamacare is working for Americans—but in reality, it actually shows how the law has fallen short of candidate Obama’s promises. If a picture is worth a thousand words, then one chart in the report tells the tale. Figure 3 of the HHS report (below) highlights what happened when insurers requested to increase premiums by more than 10 percent—triggering a new rate review process established under Obamacare. While some of these premium increases were modified or withdrawn, nearly three in five (57.8 percent) were approved 'unmodified' by regulators." Continue reading →

Continue ReadingHealth Insurance Premiums Continue To Rise Under Obamacare

Health Insurance Premiums Continue To Rise Under Obamacare

"Yesterday the Department of Health and Human Services (HHS) released a report that claims to highlight how Obamacare is working for Americans—but in reality, it actually shows how the law has fallen short of candidate Obama’s promises. If a picture is worth a thousand words, then one chart in the report tells the tale. Figure 3 of the HHS report (below) highlights what happened when insurers requested to increase premiums by more than 10 percent—triggering a new rate review process established under Obamacare. While some of these premium increases were modified or withdrawn, nearly three in five (57.8 percent) were approved 'unmodified' by regulators." Continue reading →

Continue ReadingHealth Insurance Premiums Continue To Rise Under Obamacare

What Happens When You Can’t Believe A Thing The President Says?

"These are only a few of the many, many instances where Obama or his minions have been caught in false, deceiving or misleading statements — even under oath. It has become so pervasive that people have grown very skeptical of the president’s assertions. Yet amazingly, some of those same skeptics now defend Obama’s claim that U.S. troops will not be used in Syria. Would that be like his absolute denial to Russert? Maybe Obama means it, or maybe he’ll change his mind. No one can know for sure. The country needs to be able to trust a president and his staff and believe what they say. But that’s not the case anymore." Continue reading →

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Musty Idea: War To Maintain “Credibility” As A Global Hegemon

"In the most recent episode of U.S. war hysteria, the media was filled with endless remarks on how Syria had to be attacked to maintain U.S. 'credibility'. These individuals, and many others just like them, care not a whit about the lessons of history. Ronald Reagan sang the same interventionist tune while he was President. Even after 241 U.S. Marines were killed in the Beirut barracks bombing, he kept up the 'credibility' rhetoric. The warring classes know that the American public has a short memory. Few will recall what happened in Lebanon and the 'credibility' garbage that was tossed around back then." Continue reading →

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Chauvinists and Other Anti-Peace Voices

"We cannot even take a baby step toward peace without these neocon warmongers trying to shove us back into the 'Fight the dirty un-American commie bastards' mode of thinking. What a bunch of chauvinists (jingoists, nationalists) these guys are. The most amazing of all reactions comes from the Syrian rebel coalition. They 'announce our definitive rejection of the Russian initiative to place chemical weapons under international custody.' I find this amusing. The group that Kerry-Obama supports with arms and military training, the group that Obama-Kerry were willing to bomb for in the name of curtailing chemicals in warfare, that group rejects a huge Syrian government concession to give up its chemicals." Continue reading →

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John Yoo’s Anti-Constitution Beliefs

"I have yet to read anything by law professor John Yoo that I do not strongly contest. This would not be worthy of mention except that he has occupied high and influential positions in the U.S. Department of Justice. His positions on torture, enemy combatants (Guantanamo), surveillance and presidential powers to make war, even if they have come under strong attack, had a lot of influence. Basically, if he had his way, the president would be an elected dictator who would not have to pay any attention to important parts of the Constitution and the Bill of Rights." Continue reading →

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