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The Dow, as it hangs around 10,000, is down about 11.5% from its intraday peak of 11,309 a month ago.
In context, if an ongoing correction is in process (and yours truly knows better than to assert such things), it would mean that Obamanomics, such as it is, hasn’t come anywhere near repairing the damage to equity investments caused by the POR (Pelosi-Obama-Reid) Economy.
This chart I made at the market’s trough in March of last year tells the tale:
(Image found at PurplePeopleBeaters.com)
If the goal of law enforcement officials in America is to breed disrespect among the law-abiding for what they do, they could hardly do better than remain silent about what District of Columbia police allegedly did on Sunday, May 16 to assist the goon squad formally known as the Service Employees International Union.
Before getting to the question of police involvement, the incident itself is deeply offensive. As reported by Nina Easton at CNNMoney.com (HTs to BigGovernment.com and Flopping Aces):
Considering whether the White House or agents acting on their behalf offered Joe Sestak a job to not enter the Pennsylvania Democratic Primary to run against Arlen Specter, who’s wrong?
Is it Joe Sestak (HT WND), who says “Yes,” or Robert Gibbs, who says that nothing “problematic” occurred?
(Well of course it’s not “problematic” — yet. The question is whether anything “illegal” occurred.)
As was the case on Saturday, Golden Boy and Mike DeWine’s path-clearer are still the featured GOP politicians at ORPINO’s front page:
Criticizing “Turnaround Ted” is fine and necessary, but where’s his opponent?
Welfare-related enrollment and spending is out of control — and the recession has very little to do with it.
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Note: This column went up at Pajamas Media and was teased here at BizzyBlog on Monday.
May 25, 2010 / 10:49 am
The Vatican issued a communique on Tuesday announcing a joint initiative with an international bio-pharmaceutical company to raise awareness and expand research of adult stem cell therapy.
Neostem Inc. and the Pontifical Council for Culture will combine the efforts of their respective foundations, the Stem for Life Foundation and STOQ (Science Theology and the Ontological Quest) Foundation, to advance research and explore the use of adult stem cells in regenerative medicine.
Doesn’t everyone remember in 2005 when George W. Bush’s Press Secretary Scott McClellan (bless his back-stabbing heart) called reporters into the West Wing of the White House and scolded them for asking too many questions about Hurricane Katrina? That following a similar admonishment earlier in the year about the press’s obsession with anything and everything to do with the Iraq War.
You don’t remember those things? That’s because they didn’t happen. Oh sure, someone will be able to find examples of McClellan, as well as successors Tony Snow (RIP) and Dana Perino occasionally expressing irritation with reporters for their silly and/or repeat questions on these and other subjects. But summoning them to the West Wing for a beatdown? Hardly.
Investors Business Daily called attention to an alarming story that goes back to Sunday, May 16 in a Monday evening editorial.
A protest noticed by the target’s next-door neighbor who happened to be home at the time, namely journalist Nina Easton (who also took the photo at right), occurred in a Metro DC suburb in Maryland marked the next round of a national labor union’s attempt at persuasion through intimidation.
The order of just desserts that many of us hoped was on its way to Detroit serendipitously arrived today, in the form of a stiffer-than expected sentence of Detroit Mayor Kwame Kilpatrick for violating the terms of his probation — so severe that, for perhaps the first time in his life, Kwame and his clan are, to borrow from Elvis, all shook up.
It’s too bad that readers of Associated Press dispatches can’t hand out sentences dictating that certain journalists be prevented from accessing a computer keyboard or other data entry device to publish anything for public consumption for as least as long (5 years) as Kilpatrick’s maximum potential time in jail. If they had that power, the AP’s Corey Williams would be guilty as charged for “waiting 8 paragraphs to identify the party affiliation of a major political figure involved in crime and/or corruption.” If the sentence seems too harsh, recall that Williams is an at least one-time repeat offender, having co-authored an AP dispatch in April (noted by yours truly at NewsBusters; at BizzyBlog) that avoided mentioning Kilpatrick’s Democratic Party pedigree at all.