Obamaland’s assault on Boeing went from economic tragedy to political farce during a House Oversight Committee field hearing in South Carolina on Friday. Lafe Solomon, acting counsel of the National Labor Relations Board, dropped this gem:
When Jon Huntsman, America’s man in Beijing until recently, joins the U.S. presidential race next week, he won’t be coming alone. His entry will add a China spin to the economic issues under debate by the current Republican field. That alone should make his candidacy one worth watching.
Another downgrade for the US economy:
(Reuters) – The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are “playing with fire” unless they take immediate steps to reduce their budget deficits.
Those “bumps in the road” are starting to come fast and furious. The mix of disappointing U.S. economic reports and fear of a Greek default must be weighing heavily right now on the minds of the Obama 2012 re-election team. We are now looking at another quarter of around 2% GDP growth, which will do little to lower unemployment. A few selections from my email in-box:
Tim Pawlenty should be praised for decisively rejecting the declinism that has infected much of the Washington and New York elite. His speech Tuesday at the University of Chicago was a robust reminder of all that once was good in America and could be again.
John Tamny of Forbes speaks Truth to Power:
An economy is not a living, breathing blob, rather it’s a collection of individuals acting in their individual self interest. In that case, to stimulate ours or any economy, it’s really quite simple. Remove the roadblocks to economic activity which are taxes, regulation, barriers to trade, and cheap, unstable money.