Tea Party Invades Occupy D.C. to Defend Capitalism | Video | TheBlaze.com

What happens when the Tea Party invades the seemingly never-ending “Occupy” protest movement? Until now, this question has been left to the whims of the imagination. But over the weekend, Accuracy in Media, Let Freedom Ring and Young America’s Foundation joined forces to infiltrate ”Occupy D.C.”

As you can imagine, the results are quite hilarious, as the Tea Party counter-protesters state their love for capitalism, holding signs that read, “Taxed Enough Already” and “Unions Destroy Jobs,” among others. The patriotic young men, who are predictably met with anger, hand out Constitutions to the “Occupiers,” while defending capitalism (Meredith Jessup covered this on the blog as well).

In the video, you’ll hear an Occupy D.C. protester call one of the Tea Partiers an “idiot.“ Another man calls one of the supporters of capitalism a ”candy a**.” And yet another individual who is visibly agitated says, “I‘m gonna turn away because I don’t turn the other cheek. You push me and you’re gonna have a problem.”

Some of the other responses, though, are even more bizarre: “Our troops are the terrorists” and “You and your corporate cronies…get the f**k out of my country” are two odd statements to look out for.

Accuracy in Media described the mission as follows: “To see what happens when three peaceful fans of capitalism, guns and our military take to the streets.”

Watch the insanity unfold, below (caution: language):

Tea Party Invades Occupy D.C. to Defend Capitalism | Video | TheBlaze.com

The American Spectator : Lew's Lewd Letter

"Obama Takes Charge at Hurricane Command Center" blared the AFP headline on Saturday. But it was just another disappointment for Obama. By the time the over-hyped hurricane Irene blew into town, there wasn't anything for Obama to take charge of.

It could have been a big psychological moment for Obama's campaign but it was just another let down for the man. The stock markets seemed to respond better to the East Coast earthquake last week than to Barry's recent speeches.

But Barry O'bama really has the luck of the Irish. With every sentient American worried about our still-sinking economy, we've been diverted from thinking about it all summer.

Gaddafi's fall, Irene's sweep of the not-so-earthquake-shattered East Coast, and now Dick Cheney's memoir have taken turns dominating the news. Maureen Dowd's review of Cheney's book seemed to say that last week's earthquake and the Irene minicane were the result of Voldemort-Cheney casting another evil spell on Washington, D.C.

Meanwhile Obama vacationed at Martha's Vineyard, contemplating how he would announce his new plan to revive the economy and restore confidence in the financial markets. The liberal media has been bewailing the fact that Obama has no announced theme for his 2012 campaign. One sluggo even moaned that the campaign website had not a single slogan on it. But there soon will be slogans aplenty because the post-vacation Big Speech has been hyped almost as much as Irene. Obama has a lot riding on it.

The problem he faces is that neither he nor anyone on his team can bring themselves to consider that reducing the size and scope of government is the only way to restore confidence in our economy among the financial markets, investors, and voters.

http://spectator.org/archives/2011/08/29/lews-lewd-letter

The American Spectator : The Disgrace of Obamanomics

The Disgrace of Obamanomics

Last Friday's report on economic growth for the second quarter of 2011 completes the burial of Obamanomics. The economy grew a paltry 1.3% for the quarter, with reported growth for the first quarter reduced from a meager 1.8% to a negligible 0.4%. The economy for the entire year so far has actually grown less than the weak growth we thought we had for the first quarter alone.
The growth for the fourth quarter of 2010 was also reduced to 2.3%, meaning that for the last nine months the economy has grown a minimal 1.5%, barely treading water as the weekend Wall Street Journal described it. For comparison purposes, economic growth during the first seven quarters of the Reagan recovery in the 1980s boomed at an average of 7.1%. Economic growth during the first seven quarters of the Obama non-recovery has now been reduced to an average of 2.6%, barely a third as much.
Historically, as the Journal also reiterated, "the deeper the recession, the more robust the recovery." So the idea that the recovery is so bad because the recession was so bad doesn't wash. Based on the historical pattern, we should be in the second year of a booming recovery by now. President Obama​ instead is mired in three and a half years of stagnation with worse to come.


The American Spectator : The Disgrace of Obamanomics

US Economy: Private Sector Adds 114,000 Jobs, But Layoffs On the Rise - CNBC

Layoff Wave Lifts Job Cuts to 16-Month High

A separate report showed the number of planned layoffs at U.S. firms rose to a 16-month high in July, as sectors which had been seeing fairly few layoffs unexpectedly bled jobs.

Employers announced 66,414 planned job cuts last month, up 60.3 percent from 41,432 in June, according to a report from consultants Challenger, Gray & Christmas Inc.

The job cuts were up 60 percent from June, and 59 percent higher than the 41,676 layoffs recorded in July 2010. Its was the largest monthly total since March 2010, and the first month this year that the government was not the biggest job cutter.

"What may be most worrisome about the July surge is that the heaviest layoffs occurred in industries that, until now, have enjoyed relatively low job-cut levels," John A. Challenger, chief executive officer of Challenger, Gray & Christmas, said in a statement.

Layoffs in the pharmaceutical and retail sectors overtook nonprofit and government job cuts last month, accounting for 20.32 percent and 16.93 percent of announcements, respectively.

US Economy: Private Sector Adds 114,000 Jobs, But Layoffs On the Rise - CNBC

Capitalism Magazine - Housing Will Remain a Government Program

As I have repeatedly predicted, the US will have a "double-dip" recession lead by the housing sector:

The widely-followed Case-Shiller Home Price Index fell 3.1% in January; prices are now at their lowest level since the housing market made its first bottom in April 2009. Sales of existing homes were off nearly 10% in February, and new homes sales were at a record low. As the economy worsens, there can be little doubt that housing is headed for a double-dip.

The government's "make housing affordable" approach to market intervention is the root of the entire problem. To a large extent, this intervention takes the form of mortgage purchases by government-sponsored Fannie and Freddie. Through these entities, nearly all new loans for homes are now destined for public ownership. When these entities buy a mortgage, they are doing so to help the borrower get the needed financing. They have only a casual interest in the investment quality of the transaction. This is very different motivation from the private investor, who is primarily concerned with getting paid back; and on that basis, wouldn't go anywhere near US housing.

http://www.capitalismmagazine.com/markets/housing/6354-housing-will-remain-a-government-program.html