ALG's Daily Grind - Behind the Unemployment Headlines

May 3, 2013

Behind the Unemployment Headlines

if the Labor Participation Rate had remained steady throughout the Obama years, a full 161 million Americans would be in the workforce and the unemployment rate would be at 10.8 percent. 

Cartoon: Still Finding out What's in it

Obamacare poll finds 42 percent of Americans don't know it's the law.

Labor Force Participation: An Historical Perspective

Continued declines in labor force participation are an indicator of continued weakness in the overall economy.

Daily Currant: Bloomberg Refused Second Slice of Pizza at Local Restaurant

Brooklyn pizzeria owner Antonio Benito to the health nut mayor: "We've decided that eating more than one piece isn't healthy for you, and so we're forbidding you from doing it."

ALG's Daily Grind - Obama Taps Mel Watt for Fannie, Freddie to Push Mortgage Principal Reductions

May 2, 2013

Obama Taps Mel Watt for Fannie, Freddie to Push Mortgage Principal Reductions

If confirmed by the Senate, the $5 trillion housing finance agency under Rep. Mel Watt would push for mortgage principal reductions that almost nobody would qualify for except the privileged few.

Al 'Biden' Gore's Hollywood Reveal

Joe Biden must have dressed up in his best Al Gore, Jr. suit for a Beverly Hills global warming pep rally, as the man who "invented the Internet" bemoaned that a modern day Thomas Paine would struggle to get his pamphlet "Common Sense" to the masses today due to the high cost of television airtime.

A Bridge Too Far… From Common Sense

How can it take government two years to replace a 14-foot bridge?

Bloomberg.com: Central Banks Load Up on Equities

They're printing money to buy stocks?!

ALG's Daily Grind - Cyprus lawmakers finally agree to steal $17.1 billion of savings deposits

May 1, 2013

Cyprus lawmakers finally agree to steal $17.1 billion of savings deposits

Lawmakers approved the measure despite the fact that the size of the savings tax has ballooned by €7.2 billion ($9.5 billion) since March. A previous €5.8 billion ($7.6 billion) savings tax had been rejected by the Cypriot parliament nearly unanimously last month.

Washington's Weird World

Terrorists on the welfare rolls, sequestration payments prioritization, debt ceiling payments prioritization, and yet more stimulus!

The Decline of Virtue

Our republic has devolved into a cynical, numbers-based, group-focused political calculation.  Both parties are hedging their bets on winning the votes of large groups, not principled individuals.

New York Times: U.S. Opens Spigot After Farmers Claim Discrimination

As Andrew Breitbart had warned 3 years ago, and now the New York Times has finally gotten around to noting, the government is settling with $1.3 billion claims of loan discrimination against minority farmers, despite the fact the claims were never proven.

ALG's Daily Grind - U.S. lends $35 billion through IMF foreign aid slush fund

April 30, 2013

Editorial: U.S. lends $35 billion through IMF foreign aid slush fund

Total represents more than 24 percent of the agency's $145.4 billion of outstanding loans. Well above its 17.7 percent quota, the U.S. is funding a disproportionate share of IMF loans.

Cartoon: Obama's cleaver

The White House wants to make certain you feel sequester, even if it is not necessary.

Church of Global Warming feels the heat

Seventeen straight years of climate stability will straighten even the most ardent true believers hockey stick.

UK Telegraph: Cyprus parliament to vote on savings deposit tax again

"While Cypriot finance minister Harris Georgiades last week voiced confidence that the island's fractious parliament will approve the deal, the vote is likely to put the bail-out on a knife-edge as nearly half of the 56-member house is considered likely to oppose or abstain."

ALG's Daily Grind - Southern Poverty Law Center tied to domestic terrorism

April 29, 2013

Southern Poverty Law Center tied to domestic terrorism

Floyd Lee Corkins, II pled guilty to charges of domestic terrorism explaining that he came to target the Family Research Council saying, "Southern Poverty Law lists anti-gay groups." 

Editorial: Will no one stand up for freedom?

The 224 year creep toward acceptance of governmental control is driven home in the shift of the Obamacare debate over the past few years, where in political circles, the fight has largely gone from resistance against the imposition of a federal health care law to acceptance and a battle over implementation. 

The lost generation is already here

Slow growth is leading to fewer jobs for young, college-educated Americans, 3.4 million of whom have not entered the workforce since 2009.

Pinto: Let's not repeat the same mistakes that led to the housing bubble

"Since 1975, one in eight of the 25 million families getting an FHA insured loan suffered a foreclosure from their 30-year, fixed-rate mortgages with a small down payment."