Saturday, June 2, 2012

June 2nd, 2012 Edition

New Scott Walker Ad: Let's Compare Records, Shall We?
by Daniel Doherty
June 1, 2012

On June 5th Wisconsinites will head to the polls and decide the fate of Governor Scott Walker. While the latest Marquette University poll shows him holding a modest lead over his Democratic challenger – Tom Barrett – now is not the time to grow complacent. Unsurprisingly, Team Walker is kicking their campaign into overdrive, rolling out a series of new advertisements touting the governor’s legislative achievements. Here’s the latest:

In other words, this election really boils down to whether or not voters want to live within their means or return to the failed and fiscally irresponsible policies of the past. The fact is Scott Walker balanced a$3.6 billion budget deficit without raising taxes, added 33,000 net jobs since taking office, and implemented a controversial reform package – as Guy reported last week – that saved Wisconsinites $1 billion. His record, in many ways, speaks for itself. But will it be enough to convince the electorate he deserves a so-called “second term”? His policies have undoubtedly jumpstarted Wisconsin’s economy and created opportunity in a state that has long been governed by special interests and unions. Let’s hope that Team Walker pulls out a victory on Tuesday -- after all, this is perhaps the second most consequential election of the year.

Gulp: Bloomberg’s Stunning Nanny State Overreach: Insulting your intelligence, stealing your liberty.
by Joe Hicks

June 2, 2012

If you enjoy having a Big Gulp along with your burger and fries, you’d better drink up fast if you live in New York City: do-gooder Mayor Michael Bloomberg thinks you are too irresponsible to know what’s good for you. He believes super-large sugary drinks contribute to all sorts of bad health issues, so he’s determined to make you downsize whether you like it or not.

The mayor’s ban on these drinks could go into effect as soon as early next year, and would affect drinks larger than 16 ounces. Bloomberg’s ban is aimed at drinks sold only at movie theaters, restaurants, or from street carts, meaning you could still get your large-sized drink fix at convenience stores, supermarkets, or other retail sellers.

This isn’t Bloomberg’s first foray into the “nanny state,” or employing excessive state action to protect people from themselves by restricting freedom. Under Bloomberg’s leadership — and via an equally meddlesome and liberal city council — the city has banned trans fats from food preparations in restaurants (the ingredient that makes french fries, doughnuts, and other deep-fried foods taste so yummy) and has forced chain restaurants to post calorie counts on their menus.
Bloomberg, in one of his most Orwellian moves, even banned donations of food to the homeless because the city didn’t have the ability to monitor these much-needed and welcomed gifts for things like fat, salt, or fiber content — a concern not typically voiced by individuals desperate for a meal.

A Grim Jobs Report for America
by Larry Kudlow
June 1, 2012

You would think $1 trillion in spending stimulus and $2.5 trillion of Fed pump-priming would produce an economy a whole lot stronger than 1.9 percent GDP, which was the revised first-quarter number. And you’d think all that government spending would deliver a whole lot more jobs than 69,000 in May.

But it hasn’t happened.

The Keynesian government-spending model has proven a complete failure. It’s the Obama model. And it has produced such an anemic recovery that frankly, at 2 percent growth, we’re back on the front end of a potential recession. If anything goes wrong — like another blow-up in Europe — there’s no safety margin to stop a new recession.

And that brings us to the grim May employment report, which generated only 69,000 nonfarm payrolls. It’s the third consecutive subpar tally, replete with downward revisions for the two prior months. It’s a devastating number for the American economy, and a catastrophic number for Obama’s reelection hopes. All momentum on jobs and the economy has evaporated.

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