Larwyn’s Linx: If You Liked the President’s Lies, You Can Keep the Person Who Signed off on Them

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Nation

If You Liked the President’s Lies, You Can Keep Who Approved Them: Ed Driscoll
DCCC chair: ‘Significant extent’ of Republicans are racist: Joel Gehrke
Sen. Harry Reid on Nevada cattle dispute: ‘It’s not over’: WZ

Reviving The Constitution Part 3: Federal “Property.”: Liberty’s Torch
Victory! Social Security suspends stale-debt collection program: Overlawyered
Sen. Ted Cruz: ‘Impeach Eric Holder’: TPNN

Statistical Frauds: Thomas Sowell
Up to One Million New Yorkers Refuse to Register Their Guns!: Bob Owens
Scott Brown, Eric Holder and Barack Obama: AmmoLand

Economy

Obamacare Sticker Shock Happening Across the Country: WFB
Maryland grocery careful not to expand beyond 49 full-time employees: ConIntel
Harvard Professor Predicts Up To Half Of US Universities May Fail In 15 Years: ZH

Do liberals really think an 80% top tax rate wouldn’t hurt the US economy?: AEI
‘Tax Man’ Obama has sought 442 tax increases: Paul Bedard
Liberal Republicans Push Severance Tax With Sophistry: MediaTrackers

Scandal Central

The Border Conspiracy: Tatler
Child Sex Trafficking in Washington DC is a $ 100 Million Industry: AmJrnl
How Obama’s Justice Department Selectively Blocks Mergers By Republican CEOs: Forbes

Climate & Energy

Union Leader to Keystone XL Opponents in Congress: “Enough is Enough!”: Sean Hackbarth
“I don’t even want to be here. Do you think my grandfather’s proud of me?”: Cold Fury
Global warming news: April freeze threatens Midwestern orchards: Marathon

Media

I Went To The Bundy Ranch Protest This Week-end and Liked What I Saw: RWN
The Atlantic Calls Out Obama for Race-Baiting in Voter ID Debate: TR
Obama Honors Victims of Kansas JCC Attacks at Breakfast With Anti-Semite Al Sharpton: JWF

On the Bundy Ranch confrontation: Overlawyered
So What To Make Of the BLM In Nevada?: Karl Denninger
Exclusive: Sources Inside BLM and Police Say Feds Planning A Raid On Bundy Home: Ben Swann

Bundy vs. Buddy: iOTW
The Real Meaning of Soviet Agitprop in Jay Carney’s Kitchen: Oleg Atbashian
Kathleen Sebelius: Scapegoat: RWN

World

Russian attack warplane taunts US Navy ship in Black Sea : Scoop
Russia Tests Multi-Warhead ICBM : WFB
Ukraine struggles as east slips out of its control: Stripes

The Roots of CAIR’s Intimidation Campaign : Andrew C. McCarthy
Robert Spencer warns of “civil conflict on a massive scale” in America: Scoop
Al Qaeda weapons ship docks in Aden: Long War Journal

What the Left Did Last Week: Dennis Prager
Brandeis Faculty Letter Pressured President to Drop Hirsi Ali: TR
Is India about to elect its Reagan?: DC

Sci-Tech (courtesy BadBlue Tech News)

Hunger Gains: A New Idea of Why Eating Less Increases Life Span: Annie Sneed
Whether it’s bikes or bytes, teens are teens: LAT
A weird black ring appeared in the sky in England and then disappeared: Gizmodo

Cornucopia

Gone But Not Forgiven: Hopenchange Cartoons
Watch road-raging driver almost eat a lead sandwich: BPR
Remy kills it with new Tax Day spoof of Pharrell’s ‘Happy’: Watch-Dog

Image: I Went To The Bundy Ranch Protest This Week-end and Liked What I Saw
Today’s Larwyn’s Linx sponsored by: Video: Does John Boehner Suffer from “Electile Dysfunction”?

QOTD: “The supporters of these [voter ID] laws say, correctly, that they do not discriminate on their face based upon race. That’s why the president cannot allow this to become a black-versus-white issue, even though black and Hispanic advocates are rightfully concerned about the impact these laws are having on their communities. The notion that this is a racial issue is only reinforced when he stands with Al Sharpton and tells that audience what it already knows to be true.” –The Atlantic

Doug Ross @ Journal

Responding to Iran: Americans are not fooled by Khamenei’s lies. But what troubles us most is President Obama’s “feckless” policy towards Iran. He is presiding over the systemic collapse of American credibility around the globe.

MEME-SecondHolocaust-small(New York City, New York) — An Iranian official this week attacked an op-ed I recently wrote with Senator Santorum for CNN.com as “ludicrous, counterproductive and unfortunate.”

You can read our original op-ed here, and the Iranian official’s op-ed here.

Here is Senator Santorum’s and my response:

The American people are not fooled by the lies of Ayatollah Khamenei and his regime. Americans understand that Iran’s illegal nuclear program poses a grave danger to U.S. national security, to Israel, to NATO, and to our Arab allies in the Middle East.  

As we stated in our column, a new poll shows that 80% of Americans fear a “Second Holocaust” if the world allows Iran to build nuclear weapons and the missiles to deliver them. Given that the Khamenei regime is one of the world’s worst state sponsors of terror, Americans are right to be so deeply concerned.

 

The regime’s response to our column would be laughable if its intent wasn’t so diabolical. Tehran is trying to use Hitler-esque spin as part of its charm offense. The mullahs are saying they just want peace and are hoping the West will surrender and ease off — or dismantle — the sanctions, even as they steadily develop the ability to annihilate their enemies.

 

What troubles us most, however, is the feckless, rudderless foreign policy of President Obama. Do our enemies fear him? Do our friends trust him? To the contrary, Mr. Obama is presiding over the systematic collapse of American credibility around the globe, from the Middle East to Russia to Asia. This vacuum of leadership is creating a very dangerous global environment and must be corrected quickly.

 

We believe in a bipartisan approach to American foreign policy. The challenges we face are serious but manageable if we unite as a country around a policy of peace through strength. That said, we also believe in the important role of a loyal opposition that warns the government when it is heading in the wrong direction.

 

In the 1930s, Winston Churchill warned the world that Adolf Hitler and the Nazis represented a gathering storm that had to be stopped early and decisively lest disaster ensue. A new gathering storm is brewing, as dangerous as the last, if not more so. We need an honest, strong, principled American foreign policy now more than ever, especially when it comes to the Iranian nuclear threat.

The stakes are too high for miscalculation.

————————


Joel C. Rosenberg’s Blog

Lies, Damn Lies, and the Minimum Wage Deception

Guest post by Richard Larsen

Sleight of hand and illusion have their role in the entertainment world; but when the same tactics are employed in the real world, the stakes are much greater, and the intent more dubious. David Copperfield has met his match in fabricated magic and illusionary tactics. For as any illusionist knows, in order to avoid letting the spectator see what’s really going on, you distract the spectator’s attention. And none are better at that than those leading the country today.

With the spectacular flop of the Unaffordable Care Act rollout, the moribund economy, disappointing jobs growth, dramatic widening of the income gap, higher poverty rates than the country has seen in 50 years, and an impotence with world leaders on the global scene, the Magician In Chief reached for his magician’s hat. And what did he pull out in an attempt to distract the nation from his colossal failures? A minimum wage increase! Voila! And now on cue, let us all be impressed! On second thought, let’s not be.

Let’s look at the data from the Bureau of Labor Statistics (BLS) on who is affected by the minimum wage. According to the BLS, 3.6 million of our total civilian workforce of 155 million workers are at or below the minimum wage compensation level. That is 2.5% of all workers in the U.S. Comprising that group of minimum wage earners, 31% are teenagers, and 55% are 25 years old or younger. That means that just slightly more than 1% of the total workforce over the age of 25 is earning minimum wage.

Even that 1% over the age of 25 earning minimum wage are not typically the primary breadwinner of an American family. According to BLS data, 63% of workers who earn less than $ 9.50 per hour (remember, the minimum wage is $ 7.25) are the second or third earner within their household. And nearly half of those live in households with earnings over $ 50,000 per year. So not only is the group very small that’s affected by the minimum wage, but the data don’t support the notion that they’re the “working poor.”

This segment of the population has been shrinking over the past thirty years. In 1980, nearly 15% of hourly workers were compensated at the minimum wage level. Considering how moribund the economy has been the past few years, it’s nothing short of remarkable that the total percentage of the workforce now paid at that level is a scant 2.5%.

The Congressional Budget Office (CBO) estimates that raising the minimum wage from $ 7.25 to $ 10.10 per hour will lift approximately 900,000 people out of poverty. And it will take a few years to do it. But according to the BLS, there are 50 million Americans living in poverty, as defined by the government. That’s less than 2% of those living in poverty that will be elevated beyond that classification. The rest of those in poverty are in the custody of the state. Perhaps they just need a good job.

But the CBO also estimates that there will be a loss of half a million jobs by raising the minimum wage. Keep in mind that their estimates are always lower than reality. Current Federal Reserve Chairman Janet Yellen affirmed the economics behind the CBO projections. “I think almost all economists think that the minimum wage has two main effects,” Yellen said. “One is to boost pay for low-wage workers and the second is that there would be negative impact on employment.” Considering the realities of laws of economics, if we wanted to see more job creation, perhaps the minimum wage should be lowered, especially since most of those who work at that level are (according to BLS data) young people, and not primary wage earners for a household.

For those who venerate peer-reviewed research, here’s an economic feast of data. Joseph J. Sabia and Richard V. Burkhauser in a research piece a few years ago stated, “While reducing poverty among the working poor is a laudable policy goal, the evidence suggests that minimum wage increases have thus far provided little more than symbolic support to this population.”

“Several explanations have been offered for this finding. Card and Krueger (1995) emphasize that minimum wages fail to reduce poverty because many poor Americans do not work. Others have argued that even among the working poor, the relationship between earning a low hourly wage rate and living in poverty is weak and has become weaker over time (Stigler 1946; Burkhauser, Couch, and Glenn 1996; Burkhauser and Sabia 2007).”

“Moreover, even among affected workers, there is strong evidence that increases in the minimum wage reduce the employment of low-skilled workers (Neumark and Wascher 2008). While an increase in the minimum wage will lift out of poverty the families of some low-skilled workers who remain employed, other low-skilled workers will lose their jobs or have their hours significantly cut, reducing their income and dropping their families into poverty (Neumark and Wascher 2002; Neumark, Schweitzer, and Wascher 2004, 2005; Sabia 2008).”

Unions are fully supportive of an increase in the minimum wage, but it’s not out of solidarity or altruism for the low-income earner. It’s because they benefit directly. The Center for Union Facts indicates that many unions tie their base-line wages to the minimum wage, which means as it goes up, their coffers benefit.

There is another inconvenient truth that the advocates of raising the minimum wage need to address. Our de facto open border policy has depressed wages. Approximately a million low-skilled workers illegally come into the country every year, driving down wages, especially at the lower end of the spectrum. Harvard economist George Borjas has documented how our immigration policies have reduced American wages by $ 402 billion a year, while increasing profits for employers by $ 437 billion a year.

Once the actual BLS data are examined, and the laws of economics applied, there is little objective reason to increase the minimum wage. The only reason is political. And in an election year, nothing plays better to the uninformed masses than a populist message, especially when it diverts attention so conveniently away from so many other problems created or exacerbated by the administration’s policies.

Read more of Richard Larsen

Doug Ross @ Journal

Wall Street Journal: “Scary 1929 market chart gains traction. If market follows the same script, trouble lies directly ahead.”

stockmarket-chart(Washington, D.C.) — I hope there is nothing to this. But I thought I ought to share it with you anyway.

“There are eerie parallels between the stock market’s recent behavior and how it behaved right before the 1929 crash,” says a columnist writing for the Wall Street Journal’s Market Watch. “That at least is the conclusion reached by a frightening chart that has been making the rounds on Wall Street. The chart superimposes the market’s recent performance on top of a plot of its gyrations in 1928 and 1929. The picture isn’t pretty. And it’s not as easy as you might think to wriggle out from underneath the bearish significance of this chart.”

“I should know, because I quoted a number of this chart’s skeptics in a column I wrote in early December,” notes Wall Street analyst Mark Hulburt. “Yet the market over the last two months has continued to more or less closely follow the 1928-29 pattern outlined in that two-months-ago chart. If this correlation continues, the market faces a particularly rough period later this month and in early March. (See chart, courtesy of Tom McClellan of the McClellan Market Report; he in turn gives credit to Tom DeMark, a noted technical analyst who is the founder and CEO of DeMark Analytics.)”

“One of the biggest objections I heard two months ago was that the chart is a shameless exercise  in after-the-fact retrofitting of the recent data to some past price pattern,” Hulburt notes. “But that objection has lost much of its force. The chart was first publicized in late November of last year, and the correlation since then certainly appears to be just as close as it was before. To be sure, as McClellan acknowledged: ‘Every pattern analog I have ever studied breaks correlation eventually, and often at the point when I am most counting on it to continue working. So there is no guarantee that the market has to continue following through with every step of the 1929 pattern. But between now and May 2014, there is plenty of reason for caution.’ Tom Demark added in interview that he first drew parallels with the 1928-1929 period well before last November. ‘Originally, I drew it for entertainment purposes only,’ he said—but no longer: ‘Now it’s evolved into something more serious.’”….

To read the rest of the column, please click here.

>> Please click here to read Implosion: Can American Recover From Its Economic & Spiritual Challenges In Time?

 


Joel C. Rosenberg’s Blog

REMINDER FOR THE NEXT ELECTION: The Media Lies, Flashback to 1980 Edition

As we begin to consider possible presidential candidates for 2016, it’s worth using the Internet Wayback Machine to venture back to 1980. Then, a truly conservative GOP candidate had battled the establishment to secure the nomination. The media immediately began to tar that candidate as unelectable, stupid, a know-nothing Hollywood actor, too conservative, too extreme, too prone to starting a war.

So let’s venture back to March 23, 1980, where New York Times columnist E.J. Dionne demonstrated his uncanny ability to get every single aspect of the story wrong. It’s a knack he continues to exercise even today.

The reason I bring this up: imagine that a truly popular conservative candidate like Ted Cruz, Mike Lee or Rand Paul are able to secure the GOP nomination.

Expect the same kind of ridiculous lies and predictions coming from the establishment, be it The New York Times or NBC News.

Doug Ross @ Journal