In Monday’s editorial, the New York Times reported the results of a Frank Luntz poll indicating that NRA members are much softer on key issues than the National Rifle Association itself.
Unfortunately, the editorial was rife with filters in the form of hot labels and emotionally-laden words and phrases that immediately impugned the validity of the results of the study.
Long-renowned economist Paul Samuelson died on December 13 at his home in Belmont, Massachusetts, at the age of 94. In addition to writing Economics in 1948 — which became the best selling economics textbook for several decades, having been translated into forty-one languages and selling over four million copies — Samuelson also won the Nobel Memorial Prize in Economic Sciences in 1970.
The chorus of accolades of effusive praise continues to resonate:
According to the Associated Press, New York City Mayor Michael Bloomberg “railed against gun violence” on December 11, one day after a street peddler died in a shootout with police in Times Square. Unfortunately, this type of crime is increasingly typical in high-crime areas of major U.S. cities, especially where gun control laws make it extremely difficult for law-abiding citizens to possess a gun. Yet Bloomberg, founder of the anti-gun group Mayors Against Illegal Guns, viewed the shootout as evidence that there are “too many guns on the streets.”
On Monday, December 7, the Supreme Court began hearing arguments concerning Free Enterprise Fund v. Public Company Accounting Oversight Board (PCAOB).
While perhaps not as memorable as the “date which shall live in infamy,” this case has been called the most important “separation of powers” case in 20 years by Judge Brett Kavanaugh, the dissenter in the 2-1 decision by the D.C. Circuit Court of Appeals that ruled for the PCAOB, prior to the case going to the Supreme Court for review).
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The Appellate Division of the State Supreme Court in Manhattan, New York, has ruled against Columbia University’s plans to use eminent domain to develop a satellite campus in Upper Manhattan. This reflects one minor skirmish in the battle that has raged nationally ever since Kelo vs. City of New London was decided by the Supreme Court in 2005.
In his “A Summary View of the Rights of British America”, Thomas Jefferson made one last plea to King George to reconsider the path England was taking in its relationship with the American colonies. With elegance and eloquence, Jefferson laid the moral and political groundwork for life, liberty, and property:
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When ABC News asked if the “jobs summit” would make real progress or would just be “simply a glorified public-relations stunt,” it studiously avoided asking the real question: How can the prime movers that created the current economic “Great Recession” be expected to fix it?
For starters, where is the constitutional authority for the government to get involved in creating jobs, even if it could?
If Will Rogers didn’t say “Those who don’t read the papers are uninformed; those who do are misinformed,” he probably should have.
Witness this headline from The Wall Street Journal: “Jobs, Spending Bode Well for Growth.”
Compared to this from Bloomberg: “Orders for Durable Goods in U. S. Unexpectedly Fall.”
Or this from APNews: “Jobless claims off, spending up in sign of rebound.”
Finally, to confound the confusion, see this from the Denver Post: “Good news raises hopes that recovery won’t fizzle.”
How does one make any sense of it all? Dr. Kenneth McFarland (named America’s Number One Public Speaker by the U. S. Chamber of Commerce in 1965) once quipped that he had read so much about the harmful effects of tobacco and alcohol that he just decided to give up reading!
There is another option: dig deeper.
When Bob Schieffer of NBC News asked the rhetorical question: “…has going a trillion dollars in hock to one country [China] made us more secure?”, he was reminded of Everett Dirksen (Illinois Senator for nearly 20 years) and his famous comment: “…a billion here and a billion there and pretty soon you’re talking about real money!”.
The current account deficit, at the present moment, is over $12 trillion and climbing. About half of that debt is owned by foreign countries, most notably China (about $800 billion) and India (about $300 billion), with the balance owned by Japan, Germany, and others.
So what’s the big deal?
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