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Posted by William A. Jacobson on August 05, 2011 62 Comments

S&P has dropped the U.S. credit rating from AAA to AA+: The United States' credit rating was cut for the first time when Standard and  Poor's lowered it from triple-A to AA+, citing the country's looming deficit  burden and weak policy-making process. Standard and Poor's on Friday...

Posted by William A. Jacobson on August 05, 2011 19 Comments

So who are the global warming deniers, the people who treat projections and models as the gospel truth, or the scientists who keep investigating and questioning? This report from the BBC leads one to conclude that those who most frequently shout that the scientific "consensus" must...

Posted by William A. Jacobson on August 05, 2011 22 Comments

One of the greatest mistakes we make is to confuse academic credentials with leadership. Barack Obama, who guards his transcripts like they're the equivalent of the formula to Coke, presumably had very good grades at Harvard Law School because he graduated with high honors, a purely grade-based achievement. ...

Posted by William A. Jacobson on August 05, 2011 8 Comments

The breadth and depth of the Obama's administrations screwed up priorities is straggering. It's not bad enough that they are on the wrong side of big government history domestically, we have witnessed a wholesale abdication of power abroad in a myriad of ways. This story at Commentary,...

Posted by William A. Jacobson on August 05, 2011 19 Comments

This is a very curious development, via The Wall Street Journal: Bank of New York Mellon Corp. on Thursday took the extraordinary step of telling large clients it will charge them to hold cash. The unusual move means some U.S. depositors will have to pay to keep big...

Posted by William A. Jacobson on August 05, 2011 9 Comments

I told you this was coming. From Reuters via Yahoo, in explaining why the new unemployment numbers, while better than "expected," still were not great: A stand-off between Democrats and Republicans over raising the country's debt ceiling poisoned the atmosphere for employers and consumers....

Posted by William A. Jacobson on August 05, 2011 5 Comments

It seems like only yesterday, but it was February 2009, as the first trillion dollar Stimulus plan was pending. It could have been yesterday. ...

Posted by William A. Jacobson on August 05, 2011 9 Comments

That's the subject line on the e-mail from reader and commenter "K" who send the following photo and message: The sight of a Coexistence bumper sticker in the company of other stickers that contradict the presumed coexistence message is so typical that I hardly give it...

Posted by William A. Jacobson on August 04, 2011 13 Comments

I didn't do so good on the midterm, but there's always the final and class participation. B. Obama...

Posted by William A. Jacobson on August 04, 2011 23 Comments

... according to Jonathan Capehart at WaPo: In the coming fights over the next budget, unemployment benefits and payroll tax cuts, I want Obama to show the Republican Party in general and the Tea Party in particular that he isn’t afraid to out-crazy the crazies. If that...

Posted by William A. Jacobson on August 04, 2011 4 Comments

In light of Obama's "Putting Americans back to work" campaign theme and bus tour, it is worth revisiting Obama's Catch-2012: The only way for Obama to stimulate the enormous private sector job growth needed to ensure Obama’s reelection is for Obama to announce he is not...

Posted by William A. Jacobson on August 04, 2011 10 Comments

This was what they feared, the day when they would have to convince public sector union members to kick in union dues voluntarily and separate from payroll deduction. While it is too early to say how successfu the unions will be, early signs are that there...

Posted by William A. Jacobson on August 04, 2011 10 Comments

The Washington Post has a lengthy feature piece on Rick Perry's attempt to reform state-funded higher education in Texas, Rick Perry wages an assault on state's university establishment. The article clearly was intended to portray Perry as meddling in academic freedom by suggesting cost and performance analyses...

Posted by William A. Jacobson on August 04, 2011 11 Comments

Taxpayers are footing the bill for Obama's bus tour of battleground states in the MidWest because Obama  is claiming it is official business and not a campaign tour (via Drudge via CNS). So not only all your thoughts, but all your money are belong to him....

Posted by William A. Jacobson on August 04, 2011 8 Comments

Because you are going to see an attempt by Team Obama and its friends in the media to blame the sluggish economy and paltry job growth on the Republican refusal to give Obama a clean debt ceiling increase. And it already has started, with Paul Krugman...

Posted by William A. Jacobson on August 04, 2011 2 Comments

Among the stories I neglected because of the focus on the debt ceiling debate is the continuing slide of Turkey, once a secular pro-Western country which also maintained good relations with Israel. As I have noted since January 2009, Turkish Prime Minister Recep Tayyip Erdogan has...

Posted by William A. Jacobson on August 03, 2011 14 Comments

From Obama's Birthday fundraising bash in Chicago tonight, via RCP (h/t @Allahpundit)(emphasis mine): "It's been a long, tough journey. But we have made some incredible strides together. Yes, we have. But the thing that we all ought to remember is that as much as good as...

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