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Showing posts with label Economy  Republicans. Show all posts
Showing posts with label Economy  Republicans. Show all posts

Saturday, June 25, 2011

Why this is not Jon Huntsman's time.

Rick Moran has a thought provoking article on Jon Huntsman and the Rise of the Republican Governors. He gets a lot of grief in the comments, which is to be expected because of the venue. The Conservative base is angry and most people are very, very concerned about the direction the nation is headed. A majority say that we are headed in the wrong direction.

But is there anything particularly wrong with electing a pragmatic centrist Republican governor as President? Jon Huntsman has, after all, demonstrated the ability to do a good job managing the affairs of Utah.

In ordinary times, a Jon Huntsman may be a perfectly good choice. But these are not ordinary times. The country is in the middle of an economic crisis unparalleled since the Great Depression. The country is not looking for someone who can keep the country perking along on the track it’s on. With over 9% unemployment and about 20% underemployment, the American people are not looking for a manager, but a game changer. A few years ago, gold was the exclusive province of the “Gold Bugs.” Today, ordinary people are putting gold funds in their portfolios as an inflation hedge. They are buying gold and silver coins in fear of the collapse of the currency. They are checking out the back yard to see if they have enough to grow vegetables in case things get really bad. There have been reports of ammunition shortages; does that tell you anything about the concerns ordinary people have?

Managers are the people you hire when you need to do more of what you have been doing, but doing it a little better, a little more efficiently. When the wheels have come off, as they seem to be doing in America today, people are looking for a “turnaround artist.” They are looking for someone who has a new vision and a determination to right what’s gone wrong. When, and if, the country’s back on track the people will be ready for a competent manager.

Sorry, Jon, it’s just not your time.

Sunday, May 29, 2011

Cheerleading for Obama ... "Unexpectedly" (Notice how often that word turns up?)

If you have been paying attention, you would have noticed the word "unexpectedly" recurring on economic news ever since Obama's election.

Michael Barone:
Unexpectedly!
As megablogger Glenn Reynolds, aka Instapundit, has noted with amusement, the word "unexpectedly" or variants thereon keep cropping up in mainstream media stories about the economy.


"New U.S. claims for unemployment benefits unexpectedly climbed," reported CNBC.com May 25.


"Personal consumption fell," Business Insider reported the same day, "when it was expected to rise."


"Durable goods declined 3.6 percent last month," Reuters reported May 25, "worse than economists' expectations."


"Previously owned home sales unexpectedly fall," headlined Bloomberg News May 19.


"U.S. home construction fell unexpectedly in April," wrote the Wall Street Journal May 18.


Those examples are all from the last two weeks. Reynolds has been linking to similar items since October 2009.
Why?
"How many times in a row can something happen unexpectedly before the experts start to, you know, expect it? At some point, shouldn't they be required to state the foundation for their expectations?"

One answer is that many in the mainstream media have been cheerleading for Barack Obama. They and he both naturally hope for a strong economic recovery. After all, Obama can't keep blaming the economic doldrums on George W. Bush forever.

I'm confident that any comparison of economic coverage in the Bush years and the coverage now would show far fewer variants of the word "unexpectedly" in stories suggesting economic doldrums.

Friday, May 27, 2011

The Little Sherlocks

Peggy Noonan in the Wall Street Journal on the "unsustainable" debt crisis.
The people, of course, saw the crisis coming before most politicians did, and every elected official in Washington is now quick to preface interviews with, "The people were ahead of us on this." They say this with an air of discovery, the little Sherlocks. The people were ahead of them. Public concern began to deepen in the polls after the introduction of the new spending bills that followed the crash of 2008. Voter concern was made vivid in the 2009 and 2010 elections, when centrists voted like old-style Republicans who worried about red ink.
Yes, Peggy, this is what the Tea Party was all about when you and all the beltway Solons were smearing it as knuckle-dragging redneck racists.