Archive for 2010

REALITY SLOWLY SEEPS IN: Bombshell Pension Vote Is About Sink California Hundreds Of Millions Deeper Into The Red. “According to the Sacramento Bee, CalSTRS (the big teachers retirement fund) is set to vote on Friday whether or not it should reduce its annual investment returns estimate from 8% to 7.5%, a move that will add hundreds of million to state debts (since the pension is guaranteed, and public taxpayers are on the hook). That would be a huge decision, if they do it. 8% has been the level set since 1995 (talk about a whole nother era), and artificially high return estimates are how the pension systems aren’t (on paper) even more insolvent than they already seem.”

HOPE AND CHANGE: “The number of Americans who say things are going badly in the country, at 75 percent, is higher than it has been on the eve of any midterm election since the question was first asked in the mid-1970s, according to a new national poll. A CNN/Opinion Research Corporation survey released Monday also indicates that the economy remains, by far, the top issue on the minds of Americans. Fifty-two percent of people questioned say the economy’s the most important issue facing the country. . . . ‘Even in 1994, when the Republicans last took control, and in 2006, when control flipped back to the Democrats, roughly half the public was satisfied with the state of the nation,’ adds Holland.” Are you better off than you were two years ago? Apparently, most people say no. . . .

REPORT: PERRIELLO SUPPORTER GETS VIOLENT: “Before an Americans for Prosperity event in Charlottesville, VA , a supporter of Democratic Rep. Tom Perriello stopped his car, went on a screaming tirade, ripped up yard signs, threw them, and called the people in attendance ‘racists’- to put it lightly.”

IF YOU MISSED IT ON SIRIUS/XM SATELLITE RADIO over the weekend, the latest PJM Political is now online.

SHOULD COLLEGE BE THE BEST FOUR YEARS OF STUDENTS’ LIVES? “Isn’t that a strange goal? Shouldn’t college prepare students to have better lives later on?”

MICHAEL BARONE: Obama’s economists missed what voters plainly saw.

Heading into what appears to be a disastrous midterm election, the Obama Democrats profess to be puzzled. The president’s record, they insist, is moderate, accommodating, if anything overcautious. So why do most American voters seem to be angrily rejecting it?

That’s one way of looking at it. Another way is to say that the Obama administration and the Democratic Congress have increased government’s share of gross domestic product from 21 percent, where it’s hovered for the last several decades, to about 25 percent and have put the national debt on a trajectory to increase from 40 percent to 90 percent of GDP.

Voters have noticed — and don’t like it.

Read the whole thing.

HAPPY 5TH ANNIVERSARY TO BloggingHeads TV.

CONFESSIONS OF a price controller. “The government price controls in America’s healthcare system always push prices up. Here’s why.”

POLL: JOE MILLER LEADS IN ALASKA: 37-30-30.

Meanwhile, reader Richard Samuelson notes that the press is portraying Miller as some sort of unwashed hick, even though he’s West Point 1989, Yale Law School 1995. “Kinda messes up the narrative, doesn’t it?” Well, it would if it were allowed to intrude. But when facts conflict with the narrative, the press goes with the narrative.