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The Privacy Double Standard

June 17, 2013

Liberal logic (pardon the oxymoron) can be confusing.

Liberals strongly endorse government control of healthcare, government control of the economy, government control of the energy we produce, government control of the food we eat, government control of the water we drink and government control of the air that we breathe.

And yet they balk at every attempt by the government to control terrorism.  Keeping us safe may be the government’s most important job – and it’s a job that the federal government has historically done well.

BLS Unemployment Stats Are Not Working

March 13, 2013

As people give up looking for work, the unemployment rate goes down.

Only in the federal government would that make sense.  Yet the official unemployment rate is reported faithfully by most journalists with little analysis.

Not surprisingly, it was reported as good news last week when the Labor Department announced that the economy created 236,000 new jobs in February, bringing the unemployment rate down to 7.7% -- its lowest level since President Obama took office.

Who’s Buying TARP Assets?

March 8, 2013

Anyone who’s been reading the gripping coverage about TARP auctions may be wondering why it never mentions the buyers, only the sellers.

Today I found out why: It’s “policy.”

Yes, you remember TARP … the Troubled Asset Relief Program, which initially allocated $700 billion to bailout the financial industry.

At the time, TARP was the largest spending program in history at $700 billion, but President Obama blew it out of the water the following year with his $814 billion “stimulus” program.  Then the Dodd–Frank Wall Street Reform and Consumer Protection Act came along and reduced the amount authorized to $475 billion, marking the first time ever that Chris Dodd and Barney Frank ever authorized legislation to reduce spending on anything.

Why Not Set A $500-An-Hour Minimum Wage?

February 25, 2013

When Bob Cousy retired from the Boston Celtics after leading his team to five consecutive championships, he was earning $35,000 a year.  LeBron James raked in $44.5 million last year.

That’s 127,143% more than the Celtics point guard made.  And King James has won only one championship.  Even taking 50 years of inflation into consideration, that’s a mind-boggling differential in pay.

Yet we would consider it grotesque for the federal government to jump in and insist that the Celtics contribute millions in back pay to the Cooz … or demand a reduction in compensation for LeBron.