Tuesday, May 12, 2009

Upbeat Jobs Reports

539,000 jobs lost in April is "upbeat" .... or so says CNN:

NEW YORK (CNNMoney.com) -- Wall Street was poised for a strong open Wednesday as investors focused on two upbeat jobs reports, shrugging off anxiety about the bank stress test results due out Thursday.
A couple more of these "upbeat" months and unemployment will be at 15%.

Luckily for us, the trillion dollar stimulus package will create (or merely save, can't figure tha one out yey) 750,000 jobs by August!

I was really worried there for a minute.

Monday, May 11, 2009

Alexi Giannoulias: Union Enforcer in Chief

Illinois’ boy accountant in chief, and Obama but buddy Alexi Giannoulias has once again demonstrated his qualifications to be our next senator:

Angry over billions in bailout money for Wells Fargo & Co., workers at a suburban Chicago factory where suits for President Barack Obama are made decided Monday to stage a sit-in if the clothier's creditor liquidates the company.

Workers at Hartmarx Corp., which filed for Chapter 11 bankruptcy protection in January, stopped production inside a Des Plaines, Ill., plant for 15 minutes Monday. They voted unanimously to take over the factory if Wells Fargo and its subsidiary Wachovia Bank shut down the factory and sell all its assets.

The workers' demands, similar to another high-profile worker takeover at a Chicago factory last year, have drawn the support of state officials including Illinois Treasurer Alexi Giannoulias. He has threatened to pull state business from Wells Fargo
A double win for lil Alexi; some back scratching for the SEIU (sure to act as loyal political muscle in his upcoming bid for the US Senate) and another chance for the government to flex its muscle over the private sector with this bullshit pandering.

Both of which are prime reason why Illinois’ unemployment rate is nearly 2 points over the national average.

Tuesday, May 5, 2009

Al Jazeera

Looks like Al Jazeera is making another attempt to break into the US cable market. It looks like a pity ploy from some left wing do gooders at what appears to be a PBS affiliate (go figure).

The Al Jazeera English news channel, broadcast in more than 100 countries, became available today to pay-TV subscribers in the Washington market thanks to a deal with nonprofit MHz. The Qatari news channel will join the lineup of international programming supplied by MHz to Comcast, Cox, RCN and Verizon FiOS. MHz will offer it over the air beginning July 1.
I remember a few years back when Comcast entertained the idea of syndicating Al Jazeera I called them and said I would cancel the second they went on the air. Luckily for them they backed down.

Monday, May 4, 2009

Battered Jounrnalist Syndrome

Truly saddening.

Asked in his Monday briefing if the White House would consider bailing out the newspaper business, White House press secretary Robert Gibbs told reporters the government may not have the power to reverse the industry’s decline.

But Gibbs wasn’t just sympathetic — he also twisted the knife a little, digging into reporters who questioned the Obama administration’s commitment to cutting spending.

“You guys didn’t think $100 million meant a lot a few weeks ago,” Gibbs said. “But looking at some of the balance sheets, $100 million seems to mean a lot.”
No mater how hard they try, it looks like the Dear Leader wont ride to their rescue after all.

And not only is there no delicious government cheese for those poor degenerate journalists, the Dear Leader repays their servitude with derision!

Its OK Barry, I'm sure they still love you.

Obama armtwising on Chrysler backfires?

Its one thing to treat the press like your bitch (when they so clearly deserve it) but when you try and muscle a pack of well lawyered investors out of billions of dollars, don’t expect them to lie down and just take it:

If the Obama administration expected the senior creditors of Chrysler to fold their tents under political pressure, they may have gotten a rude shock today. Thomas Lauria, who accused the White House of threatening the creditors withn humiliation at the hands of the White House press corps, has filed a motion to halt the administration’s machinations on behalf of the UAW in the Chrysler bankruptcy. Lauria and his allies claim that the Obama administration has violated the Constitution in their bid to devalue the senior creditors’ holdings on behalf of junior creditors, and have some precedent to support the allegation.
Make you wonder where the folks form the ACLU are?

Oh sure if this case involved a two men suing so they could corn hole each other in a catholic church wile using the flag as an after sex rag and emailing Osama Bin Laden while a kindergarten class is made to watch, the ACLU would be all over it but when the government invents a power to unilaterally break business contracts there really isnt much to see.

Illinois, meet your next junior senator

Its good to be king.

CHICAGO - Public records show Illinois Treasurer Alexi Giannoulias (juh-NOO'-lee-as) used money earned by a state college savings program to purchase a $26,000 government vehicle.

The Chicago Tribune reported Sunday that Giannoulias used the state's Bright Start fund to pay for the SUV. The treasurer's office offers the program to allow families to save money for college. The program's investments lost $85 million last year.
Looks like Obama’s hand picked successor for his senate seat, Alexi Giannoulias, has learned well the way of Illinois politics.