Tuesday, February 7, 2012

Tuesday News Day

So much news and so little time...

Liberal Outrage forces Komen Kollapse

Nothing outrages lefties like taking their free money away.  Just look at how the public union leeches turned things upside down in Wisconsin and Ohio at the prospect of having to pay for their own pensions and health care like the rest of us.

The New York Times called Komen cutting off Planned Parenthood "a painful betrayal."  Liberals, accustomed to other people’s money, were outraged, Outraged! At the Susan G. Komen decision to cut off funding to the abortion mills.

It only took a couple of days for the Komen people to surrender to The Sisterhood of Burning Rage. They will restore the funds even though Planned Parenthood does not perform breast cancer screenings.  They've managed to piss off both the right and the left in the span of three days.  I predict Komen's demise.

As usual, Mark Steyn has the absolute definitive take on the issue, The Liberal Enforcers.

Holder says there was no cover-up

…and I believe him. He’s not smart enough to hide anything, and why would they need to? There are enough genuflecting servile subjects in this country who believe government can do whatever it wants, so if Obama wanted to give Mexican drug gangs free guns, who are we to question it?

Vampire Capitalism

Mitt could be the nominee, so we will be hearing more about Vampire Capitalism from the Marxoids of all parties. The New Yorker has an excellent and concise article not about Mitt Romney, but Venture Capital, and surprise of surprises, takes a very even-handed view. Their beef with it is the same as mine: Government tax policy and perverse incentives encourage the demons of the venture capitalist's nature:

If private-equity firms are as good at remaking companies as they claim, they don’t need tax loopholes to make money. If we capped the deductibility of corporate debt, and closed the carried-interest loophole, it would not prevent private-equity firms from buying companies or improving corporate performance. But it would reduce the incentives for financial gimmickry and save taxpayers billions every year. (New Yorker)

The Brits wonder if Hillary is styling herself as a classic Bond villain, and this right after she unleashed a blistering tongue lashing to Basher Assad at the UN.

Assad had better watch his back.  Hillary made a similar statement about Ghaddaffi and look what happened to him.  If recent history is any basis, I predict Assad will be dragged from a rat infested sewer pipe and sodomized with a piece of rebar as Hillary stands laughing maniacally at how she came, she saw, he died.  And before the election season is all over, Obama will be bragging how he shot Assad like a dog in the street, just like he single-handedly parachuted into Pakistan and took out Usama bin Laden as Joe Biden circled watchfully above in the batcopter.

Buffett Rule:  a $50 billion loogie in a multi-trillion dollar ocean
The Congressional Research Service estimates that the Buffett Rule, requiring millionaires to pay at least the same rate as most middle-income taxpayers, would affect about a quarter of all millionaires, or 94,500 taxpayers. Citizens for Tax Justice, a liberal policy group, says the bill’s 30 percent rate would bring in about $50 billion per year.  (NY Times)
So for the $4 trillion annual federal budget, that’s about a 1.25% savings; a rounding error for our profligate federal money wasters.  And this meager savings depends on millionaires just sitting there as government plucks them like chickens.  I’m offering 50-1 odds they don’t…

This Explains the Obama Vote ...

Professor Jonathan Zimmerman explains that universities have no way of measuring success or failure, and when independent studies attempt to, the results are not encouraging:
My New York University colleague Richard Arum and the University of Virginia's Josipa Roksa recently tracked several thousand undergraduates as they moved through two dozen U.S. universities. They found that almost half of them didn't significantly improve their reasoning or writing skills during the first two years of college.
And after four years, subsequent research showed, more than one-third of students still showed no significant gains in these areas. (Are College Students Learning?)
But I bet their self-esteem is high…