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Posts Tagged ‘New York Times’

New York Times Accidentally Tells the Truth, Quickly Rectifies Problem

In Media, Obama on April 13, 2011 at 1:11 pm

Via Gateway Pundit

The New York Times Economix Blog published a post analyzing the first quarter G.D.P. estimates. The opening paragraph of the post declared Obama’s economic policies a failure:

At a time when the economy should be rebounding the latest GDP number for the first quarter of 2010 shows that the Obama economic policies have failed. Read the rest of this entry »

This Just In: Paul Krugman is Still an Ass

In health care, Tea Party on March 26, 2010 at 10:12 am

New York Times– Paul Krugman:

I admit it: I had fun watching right-wingers go wild as health reform finally became law. But a few days later, it doesn’t seem quite as entertaining — and not just because of the wave of vandalism and threats aimed at Democratic lawmakers. For if you care about America’s future, you can’t be happy as extremists take full control of one of our two great political parties.

In a sense, Paul Krugman is right. One cannot be happy as extremists take full control of one of our two great (here I agree only if by “great” he means “large”) political parties. Where I disagree is on Krugman’s characterization of opponents to health care “reform” as extremists.

To correct Mr. Krugman’s misperception, this is an extremist:

William Ayers, unrepentant domestic terrorist.

This also is an extremist:

Rev. Jeremiah "God damn America" Wright

This is someone who associates with extremists:

"We're going to fundamentally change America"

This is an extremist who celebrates our move toward socialized medicine:

Fidel Castro, despot

We’ve been saying for years that it’s dangerous to see one of our two major parties aligning itself with extreme elements. The fact that Paul Krugman has not only just come to that conclusion and then points to the American public rather than the extreme elements in the Democrat party as an example is not surprising. Because, you know… he’s an ass.

Goodbye ACORN

In Scandal on March 22, 2010 at 9:03 pm

James O'Keefe and Hannah Giles

This had better not be an April Fools joke…

The New York Times reports that the Association of Community Organizations for Reform Now (ACORN) will close its doors by April 1.

The organization is “developing a plan to resolve all outstanding debts, obligations and other issues,” said a statement released by the group.

Acorn has been battered by criticism from the right and has lost federal money and private donations since a video sting was publicized last fall.

ACORN lost federal grant money, participation in IRS tax assistance programs and a contract with the Census Bureau after a series of voter fraud cases in multiple states. Public support for the organization, largely considered to be the action wing of the progressive movement, was lost after video of a sting operation was released by film students James O’Keefe and Hannah Giles. O’Keefe and Giles posed as a pimp and a prostitute trying to import underage sex workers from El Salvador. ACORN employees at multiple locations offered tax shelter advice and appeared to have no qualms about the nature of the couple’s “business”.

NY Times Op-Ed Tells the Truth About Health Bill CBO Score

In Congress, health care on March 21, 2010 at 7:50 am

In other news, aliens have landed, President Obama has eschewed the teleprompter and everything east of the San Andreas Fault has fallen into the Atlantic Ocean…

As hard as it may be to believe, the New York Times somehow allowed an op-ed piece written by Douglas Holtz-Eakin, former head of the Congressional Budget Office, that tells the truth about the CBO’s analysis of the health reform bill before Congress today.

Holtz-Eakin confirms that the CBO functions like a calculator and makes no judgments as to feasibility. In other words “fantasy in/fantasy out”, as he puts it:

In reality, if you strip out all the gimmicks and budgetary games and rework the calculus, a wholly different picture emerges: The health care reform legislation would raise, not lower, federal deficits, by $562 billion.

Gimmick No. 1 is the way the bill front-loads revenues and backloads spending. That is, the taxes and fees it calls for are set to begin immediately, but its new subsidies would be deferred so that the first 10 years of revenue would be used to pay for only 6 years of spending…

…Finally, in perhaps the most amazing bit of unrealistic accounting, the legislation proposes to trim $463 billion from Medicare spending and use it to finance insurance subsidies. But Medicare is already bleeding red ink, and the health care bill has no reforms that would enable the program to operate more cheaply in the future. Instead, Congress is likely to continue to regularly override scheduled cuts in payments to Medicare doctors and other providers.

Removing the unrealistic annual Medicare savings ($463 billion) and the stolen annual revenues from Social Security and long-term care insurance ($123 billion), and adding in the annual spending that so far is not accounted for ($114 billion) quickly generates additional deficits of $562 billion in the first 10 years. And the nation would be on the hook for two more entitlement programs rapidly expanding as far as the eye can see.

The bottom line is that Congress would spend a lot more; steal funds from education, Social Security and long-term care to cover the gap; and promise that future Congresses will make up for it by taxing more and spending less.

Read the whole thing here.