The lesson is that huge budget deficits and ultra-low interest rates — the basics of stimulus — have limits and can be self-defeating. To use a well-worn metaphor: Stimulus becomes a narcotic. People feel better for a while, but the effect wears off. The economy then needs a new fix. Too many fixes may spawn new problems (examples: excessive debt, asset “bubbles,” inflation). That’s already happened in Japan. It’s caught in a trap. On the one hand, it needs stimulus to grow. On the other, the debt from past stimulus measures threatens future growth.
Comments: The US is a few years behind Japan, but catching up (or is that going down?) rapidly. For those who believe that our innovation will save the day, regulations are stifling our ability to innovate.
The Obama administration’s unquenchable ambition to replace Americans’ own choices with those made by bureaucrats in Washington has taken yet another stupid turn, it appears. Either that, or the federal school lunch policy is so confusing that city officials cannot figure out how to serve milk. (Snip) The rules actually state that children “must” take fruits, vegetables and whole grains if districts are to be reimbursed by Washington for the meals.
Students must take a meal at school even if they only want a carton of milk, according to federal regulations presented at the Board of School Committee meeting Monday. Mayor Ted Gatsas and other school board members reacted with dismay to the rules, which they say have contributed to waste when students, some of whom bring lunches from home and only want milk, toss the school-provided fare in the trash. “We’re not able to offer the free milk-only option,” Superintendent Debra Livingston told the board. “In order to have the free meal, the students are required to choose the required
A Massachusetts man has been indicted for voting in Manchester during the 2012 Presidential election. Late Friday afternoon Attorney General Joseph A. Foster announced in a release that Lorin C. Schneider, Jr., of Carver, Massachusetts had been indicted by a Hillsborough County grand jury for wrongful voting in violation of RSA 659:34, I (e). State officials claim that during the November 6, 2012 Presidential Election, Schneider voted at a Ward 9 polling place in Manchester, where he was a registered voter. The attorney general´s office says at the time Schneider had lived in Carver, Mass., for over 20 years.
I moved from Maryland to New Hampshire in 2010. Why? I walked into my corner grocery store in Maryland and all the lights were off. Reason: the small-business owner couldn’t afford the new countywide carbon tax. That was the last straw for me. (Snip) Concord Police Chief John Duval recently begged Washington, D.C., for more than $250,000 to buy a military-style “armored personnel carrier” — the Lenco BearCat G3. Chief Duval claims he needs this military personnel carrier because of groups like the “Free Staters.”
Here is how New Hampshire’s so-called “health insurance exchange” under Obamacare will work when it comes online Jan. 1. Granite Staters who need health insurance and have not found it through an employer or the actual marketplace will come to this government-created “market,” where a grand total of one insurer will offer plans. Every one of the plans offered by the single participating insurance company will have to provide government-mandated minimum coverage that starts at $498.79 a month. This is “choice” under Obamacare.
NASHUA - Among the protesters rallying outside of Nashua City Hall on Saturday was Chez Perez, who stood out with his large Scar battle rifle draped around his neck. (Snip) Perez was one of about 100 people gathered at City Hall Plaza participating in two opposing rallies. The Organizing For Action group hosted a gun violence prevention rally, while the New Hampshire Tea Party Coalition spearheaded a simultaneous counter-rally supporting gun rights.
The decision by gun manufacturer Sturm, Ruger to build new facilities in North Carolina and not New Hampshire has resurrected the old debate over whether right-to-work laws harm a state’s economy and quality of life. As the top labor leaders of two states with very different experiences with right-to-work, we maintain that right-to-work is not a viable strategy for economic growth. In North Carolina, which has had a right-to-work for less law since 1947, it has encouraged the development of a low-wage economy and institutionalized poverty and an environment that puts corporate profits
I have never been much of a conspiracy theorist. For me it was always Oswald by himself from the Texas School Book Depository and nothing in the intervening fifty years has disabused me of this notion. For the most part, I’m an Occam’s Razor kind of guy — the most obvious explanation is likely to be true. (Snip) To put it bluntly, Occam’s Razor has moved. Things that were once possibilities now seem almost certainties to me. Principal among those is that Obama’s academic records are perpetually unavailable for a reason — and that reason is most likely that they reveal
One of President Obama´s chief political assets has been his ability to excite young people like almost no politician in history. But the days of America´s youth fawning over the president are over. A new Harvard University Institute of Politics poll released Wednesday confirms what other surveys have shown in recent months: Millennials have soured on Obama so much this year that their opinion of him largely mirrors the American public´s. Even though Obama does not ever have to face another election, he should be worried about the findings for a couple of reasons, which we will dive into momentarily.
A stunning new study unveiled on Fox News´ Hannity finds that President Barack Obama’s White House calendar records just one face-to-face meeting between Obama and his Health and Human Services (HHS) Secretary Kathleen Sebelius in the more than three-and-a-half years leading up to the disastrous Obamacare launch. The startling statistic comes from a new Government Accountability Institute (GAI) analysis of Obama’s own official White House calendar, as well as the Politico presidential calendar, and raises new questions about Obama’s executive leadership and management throughout the implementation of his singular legislative achievement. More alarming still, the president’s schedule lists 277 private
[Video] President Obama on Wednesday declared that addressing income inequality would be the focus of “all” of the White House’s efforts “for the rest of my presidency.” In a sweeping address that touched on raising the minimum wage, investing in infrastructure and ending tax breaks for the wealthy, Obama warned that the American economy has become “profoundly unequal,” declaring economic mobility the “challenge of our time.” “The combined trends of increasing inequality and decreasing mobility pose a fundamental threat to the American dream, our way of life, and what we stand for around the globe,” he said in an hour-long
Just over two weeks ago, MSNBC host Martin Bashir delivered a harsh piece of commentary that culminated in the suggestion that someone should “s-h-i-t” in former Alaska Governor Sarah Palin‘s (R-AK) mouth. Bashir offered an abject apology on his next broadcast, but a chorus of critics continued to demand action against the host. After a reported “vacation” for the host earlier this week, Bashir announced, Wednesday afternoon, that MSNBC and Martin Bashir are parting ways. Here’s the statement from Martin Bashir, via email: After making an on-air apology, I asked for permission to take some additional time out around the Thanksgiving holiday. Upon
Amid an array of “knock-out” attacks against a number of Jews in Brooklyn’s Crown Heights neighborhood, a city councilwoman pointed to the success of the Jewish community as triggering the aggression. Councilwoman-elect Laurie Cumbo emphasized that while she “admire[s] the Jewish community immensely” for its work ethic, black teens may see it differently. “While I personally regard this level of tenacity, I also recognize that for others, the accomplishments of the Jewish community triggers feelings of resentment, and a sense that Jewish success is not also their success,” Cumbo, who was recently elected, wrote in a letter. Chief among the issues
Continued global warming poses a risk of rapid, drastic changes in some human and natural systems, a scientific panel warned Tuesday, citing the possible collapse of polar sea ice, the potential for a mass extinction of plant and animal life and the threat of immense dead zones in the ocean. At the same time, some worst-case fears about climate change that have entered the popular imagination can be ruled out as unlikely, at least over the next century, the panel found. These include a sudden belch of methane from the ocean or the Arctic that would fry the planet, as