DreamWorks Animation CEO Jeffrey Katzenberg announced that 350 of his 2,200 studio employees will be laid off by the end of the year. The news comes in the wake of a $165 million loss the production company reported from the disappointing results of its most recent film, Rise of the Guardian. Katzenberg opened up to the Hollywood Reporter about his company’s restructuring: “It’s been very hard. We had 17 hits in a row, and this is the first one that didn’t work for us,” Katzenberg said of Rise of the Guardians.
Now there´s good executive management. 17 hits in a row; just plan like the 18th will be one as well.
Do liberals ever take account of reality in their projections? Do they ever have a backup plan? Do they not understand unintended consequences? Are they always lock into static analysis? Do they not "brain storm" or conduct what-if sessions in their strategic planning?
Well, obviously the answer is no. And that, my friends, explains much about all of the messes we are involved with, politically, socially, and economically.
I hate to see anyone lose their job (except for Obama and his minions, of course).
But I wonder if old Jeffrey will ever get around to connecting the dots between his support of the Bamster and the fact that regular citizens have less money to spend to go to his movies. Somehow, I think not...
The only smart thing ever uttered by David Letterman was him stating that he was glad Geffen, Katzenberg, and Spielberg were forming one company because it would be easier for everyone to root against them.
Health care as a necessity comes only after food, shelter and income security. The mismanagement of the website HealthCare.gov and the cancellation of millions of policies pushes an underlying question out into the open: is the federal government capable of managing the provision of a fundamental service through an extraordinarily complex system?This system requires coordination of over 288 policy options (an average of eight insurers are competing for business in 36 states), each with three or more levels of coverage, while simultaneously calculating beneficiary income, tax credit eligibility, subsidy levels, deductibles, not to mention protecting applicant privacy,
The conventional Beltway wisdom about Obamacare’s future is that it will be very difficult to repeal, even if the 2014 midterms end with the GOP still in control of the House and holding a majority in the Senate. This mindset is epitomized David Frum, who recently concluded a blog post with the following admonition: “Repeal is a fantasy. Reform is the task ahead.” Like a lot of establishment journalists, Frum has a short memory. The repeal of the “Affordable Care Act” is by no means without precedent in recent congressional history. In fact, one need look no farther back than
House Speaker John Boehner has announced the House will not go to conference with the U.S. Senate over the latter’s immigration legalization proposal, likely forestalling any immigration legislation this year. It’s not for lack of trying by many religious advocates of immigration “reform,” with special exertions by many evangelical elites. A tent has arisen on Capitol Hill to shelter evangelical immigration prayers for immigration legislation. One prominent Hispanic evangelical has announced he will fast until legalization is approved. And on November 13 President Obama met with a delegation of evangelical officials, plus a Catholic bishop, telling them predictably that Republicans
Don’t raise the bridge. Lower the river, divert the water, steamroll the riverbed and install a bullet train as an “affordable” bridge substitute. Such grandiose thinking is derailing ObamaCare at breakneck speed. Long after it has passed from the American body politic, ObamaCare will be remembered as a Smithsonian-grade specimen of what happens when too much government smothers a manageable problem. Well before the (un)Affordable Care Act became law, President Obama complained in August 2009 that “46 million of our fellow citizens have no coverage.” Meanwhile, the Congressional Budget Office forecast last May that, even if ObamaCare suddenly became as efficient as
During President Obama’s recent White House news conference announcing delays to the widespread insurance cancellations resulting from his health care law, the president received a poignant question from the Associated Press’ Julie Pace: “Do you feel as though the flawed health care rollout has led to a breach in the public trust and confidence in government?” Unsurprisingly, Mr. Obama didn’t address that part of the prompt directly. He couldn’t. You may as well have asked a religious fundamentalist how he felt now that his god had been proven a hoax. This was more than a question about specific policy failures.
The health insurance signup numbers the White House released Wednesday afternoon were deeply disappointing, though not particularly surprising. Everyone knows that the HealthCare.gov website has been performing abysmally, and the actual numbers confirmed what everyone could only guess at until now because the White House had withheld the data. Overall, only about one-fifth of the people the White House expected to sign up for insurance in the first month actually did so: 106,185 against a forecast of 500,000. That´s just slightly less than a capacity crowd at Penn State´s Beaver Stadium.
Ben Bernanke complains that there is still an “awful lot of slack” in the U.S. Labor market. He said last week that the official unemployment rate — up a tick at 7.3 percent in October — “probably understates” the problem. Who could disagree? As bad as it is from any historical perspective, we would be looking at the economy through rose-colored glasses if we took the 7.3 percent figure too seriously. If you include the millions of part-time workers who want full-time work, and millions more who have despaired of finding jobs and so have dropped out of the labor
It is wrong, of course, to take pleasure in the misfortune of others. Still, I must confess that I have derived no small amount of schadenfreude from news stories about Obamacare advocates who have been adversely affected by the not-so-Affordable Care Act. It would take a stronger man than yours truly to suppress a smile as the law’s media pimps whine about their cancelled health plans, when smug urban progressives get mugged by the reality of “reform,” and lifelong Democrats publically denounce President Obama as a brazen liar while declaring their intention to become foot soldiers for the Republican Party.
Tucked away in recent polls—which have documented the extraordinary anger directed at the Republican Party during the shutdown crisis—are measures of clear disappointment with the Democratic Party. The disappointment is substantial, and it raises big questions about the 2014 midterms. The Republican Party´s favorable ratings fell substantially in most every national survey that uses this yard stick, declining to 28% in the Gallup poll at one point. Yet when the GOP was matched up against the Democrats on key political measures, it did not look so bad. A mid-October Pew Research national poll found that a plurality regard the Republicans as "better
How long until the president gives in to the increasing number in his own party now calling for a delay of ObamaCare? Right now the White House is continuing with the pretense that the problem is a buggy Web site and a “misunderstanding” of an Obama promise. Smarter folks realize the real problem is the whole megillah is unworkable. That’s why Democrats who refused every ObamaCare compromise during the government shutdown now pray for delay or propose CYA fixes, as Louisiana Sen. Mary Landrieu is doing with the “Keeping the Promise Act” to stop people from getting insurance cancellations.
1. The Obamacare rollout fiasco and Obama´s lies hurt Democrats. You only have to look at Democrat Terry McAuliffe´s narrow 48 percent to 46 percent margin in Virginia to see that. McAuliffe outspent Republican Ken Cuccinelli by a wide margin (as much as 10-to-1, some bloggers suggested) and was leading 46 percent to 37 percent in the last days of October in the Real Clear Politics average of recent polls on Oct. 31. In Virginia, the state that voted closest to the national average in the last two presidential elections, McAuliffe ended up with 48 percent, 3 percentage points behind Barack
Millions of Americans´ individual market health plans are being canceled because of President Obama´s health care law. Now embarrassed by his oft-repeated and false promise that “if you like your health plan you can keep it,” Obama has retreated to a new line of defense: Your old health plan had to be canceled because it was “junk.” There are two problems with this new argument. The first is admittedly anecdotal: Where are the cancellation victims who now stand to pay less for more insurance – or even just the same amount for a better plan? Yet there is no shortage of people who
President Barack Obama told the Wall Street CEO Council Tuesday that his administration has "reined in spending" and "cut our deficits by more than half." "After years of trillion-dollar deficits we reined in spending, wound down two wars and began to change a tax code that I believe was too skewed towards the wealthiest among us at the expense of the middle class," said Obama. "And since I took office, we have now cut our deficits by more than half. Add it all and businesses like yours have created 7.8 million new jobs over the past 44 months, we´ve gone farther
Negligence? Absolutely. Incompetence? The case can be made. But scandalous? To suggest that the White House has willfully engaged in the intentional misleading of the public and an outrageous dereliction of its responsibilities to enforce the laws passed by Congress has been a bridge too far. Until recently. New revelations are now forcing even the most reluctant of President Barack Obama’s critics to concede that the Affordable Care Act’s implementation has evolved into a scandal. “I was not informed directly that the website would not be working, as the way it was supposed to,” Obama told reporters on November 14.
Barack Obama is the coolest president we’ve had since John F. Kennedy, at least according to conventional standards for such things. Obama has always been a brand as much as a politician, one that has been perceived as sleek, smart, and up to date. Then along came HealthCare.gov. Its failure to launch is a signal event in the long political battle over Obamacare and perhaps an inflection point in the president’s image. It’s hard to maintain a sense of truly being on the cutting edge of change when you can’t build a website. Obama’s cool was, in part, an artifact of world-class
MICHELLE OBAMA: I thought I wanted to be a pediatrician when I was really little and then I wasn´t that great at math and science so I switched to law because my mother told me that I like to argue a lot. But I realized in high school and in college that you don´t have to exactly know, you´re kind of always discovering yourself. So I studied law, I went to law to school, but was pretty clear I just wanted to be a good student. I wanted to know how to read and write and communicate, be able to
In an interview on BET last night with Bow Wow and Keshia Chante, First Lady Michelle Obama talked up her husband, President Barack Obama. "I always say my husband has got swag," said Mrs. Obama. "He’s got a little swag." The audience applauded. Mrs. Obama also said that the president of the United States "sings all the time." She continued, "Oh, yes, he’s in the bathroom all the time just singing." She also praised her husband. "[H]e has got a good voice." Here´s a transcript of that exchange:
Well folks, it looks like Arizona Senator John McCain will "be one of these old guys that should’ve shoved off.” According to the Arizona Republic, McCain is set to attend a glitzy fundraising for his 2016 campaign in New York City. Sen. John McCain has scheduled a December fundraiser in New York City, the surest sign yet that the veteran Arizona Republican is serious about possibly pursuing a sixth term in 2016. According to a copy of the invitation obtained Tuesday by The Arizona Republic, McCain is asking supporters to join him 6 p.m. Dec. 16 at the midtown St. Regis Hotel
A downbeat President Barack Obama repeatedly asked his worried supporters Monday night to help resurrect his spirits, following weeks of political disasters and personal humiliations caused by the cascading collapse of Obamacare. The distracted president railed against opponents and at one point appeared to forget the number of people in the Obamacare system during the rambling quarter-hour address. “My main message is I’m going to need your help, your energy, your faith, your ability to reach out to neighbors, kids and friends [and] co-workers,” he told listeners to the Internet broadcast arranged by his grass-roots group, Organizing for Action. But his worried
WASHINGTON — Michelle Obama says she won’t wear shorts on Air Force One again because the one time she did, it created “a huge stink.”(snip)Mrs. Obama was asked about her biggest fashion regret. She said she’s always happy with her outfits but that, quote, “sometimes I forget I’m the first lady and I’m running around in shorts.” She recalled her family’s first White House vacation, to the Grand Canyon in August 2009. Mrs. Obama said her wearing shorts getting off the plane “created a huge stink because people were like, ‘she’s wearing shorts getting off of Air Force One.’” She said her thought
On Tuesday, President Barack Obama conceded that he will have to "remarket" and "rebrand" Obamacare as public confidence in him and the healthcare law he championed has plummeted. Speaking at the Wall Street Journal CEO Summit, Obama addressed the failures of the Obamacare rollout and said while he was confident that the healthcare model his administration built, which he claimed worked off of the "existing private insurance system," would succeed, the law would have to be rebranded. “We are going to have to obviously remarket and rebrand,” Obama said. “And that will be challenging in this political environment.” When he
President Barack Obama told a gathering of corporate executives Tuesday he´s confident that his model of health care will work in the end, but he said he´s going to have to "re-brand" it to sell it to a skeptical public. He didn´t use the word "Obamacare" once on Tuesday in talking about his health care law, but he mentioned the "Affordable Care Act" seven times. "So, look, I am confident that the model that we built, which works off of the existing private insurance system, is one that will succeed," Obama told the Wall Street Journal´s CEO Council Annual Meeting
New Jersey Gov. Chris Christie (R) says everyone should stop talking so much about the 2016 presidential race, because doing so hurts President Obama, who´s only a year into his second term. "In this sense, I feel badly for President Obama. He just won a year ago, and everybody´s like, ´So, who´s next?´" Christie said Monday night at the Wall Street Journal CEO Council. "There is work to be done in this country. And as we shove him out the door, we minimize his ability to be an effective executive. And we shouldn´t do that." Even as he urged people to focus
The White House has admitted that it was wrong to promise that people would be able to their health care plans under Obamacare. "With respect to the pledge I made that if you like your plan you can keep it, I think -- you know, and I’ve said in interviews -- that there is no doubt that the way I put that forward unequivocally ended up not being accurate. It was not because of my intention not to deliver on that commitment and that promise. We put a grandfather clause into the law but it was insufficient," President Obama said