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Showing posts with label Wall Street Journal. Show all posts
Showing posts with label Wall Street Journal. Show all posts

Thursday, March 06, 2014

Wall Street Journal: Affordable Care Act Effects Account for Most of Income, Spending Increases

The Wall Street Journal is reporting that the Affordable Care Act is already boosting household income and spending.

The Commerce Department reported Monday that consumer spending rose a better-than-expected 0.4% and personal incomes climbed 0.3% in January. The new health-care law accounted for a big chunk of the increase on both fronts. On the incomes side, the law’s expanded coverage boosted Medicaid benefits by an estimated $19.2 billion, according to Commerce’s Bureau of Economic Analysis. The ACA also offered several refundable tax credits, including health insurance premium subsidies, which added up to $14.7 billion. Taken together, the Obamacare provisions are responsible for about three-quarters of January’s overall rise in Americans’ incomes. 

Wow. 

Saturday, February 08, 2014

Economic Growth Retreat

Great editorial in the Wall Street Journal yesterday about just how stupid the Republican Party is these days. After criticizing the president, they had this to say.

Conservatives and the GOP are as responsible for the failure on immigration. The populist wing of the party has talked itself into believing the zero-sum economics that immigrants steal jobs from U.S. citizens and reduce American living standards. Neither claim is true, but Alabama Senator Jeff Sessions and the Heritage Foundation might as well share research staffs with the AFL-CIO.

So great is the House GOP fear of a talk-radio backlash that it won't even pass smaller bills that 75% of Republicans agree on. There will be nothing to codify the legal status of children of illegal immigrants who have lived here for decades. And no expanded green cards for foreign graduates of U.S. colleges, a policy Mitt Romney endorsed. And no cleaning up the work-visa morass that has obliged U.S. farmers to hire illegals to harvest their crops. 

The result of doing nothing will be a de facto "amnesty" in which 11 million illegal immigrants will continue to work using fake documents. Mr. Obama will look for ways to grant more of them legal status using executive power, and the GOP will look even more unwelcoming to minorities.

This last bit is all too revealing. Republicans actually do favor amnesty and are granting it every day by doing nothing. Further, they will end up making the president look even better than the fears of an immigration win would by forcing him to do all he can with his executive power.

The GOP has a real shot at taking back the Senate this year but without immigration reform, I don't see it happening. Louisiana, where Mary Landrieu is going to have a very tough race, Latinos make up over 5 percent of the population. The New Orleans metro area has the 3rd largest Honduran American population in the country. Arkansas also has a growing immigrant population and Mark Pryor is very beatable. Both of these states could turn on the Latino and Asian vote. Pass reform this year and you can say goodbye to both of these Democratic senators.

It seems that the fear is too great, though...

Saturday, November 13, 2010

The Fact Free Zone

I've been quite amused watching the feud between Sarah Palin and the Wall Street Journal. It's a pretty good indicator as to what her presidency might be like.

Air Force General: Madam President., here are the facts. The F-22 can't land on aircraft carriers. It's land based.

President Palin (winking): Oh...c'mon there now, General. Let's just hook up a couple of static lines and we'll be good to go...you betcha!

It still amazes me that people think she is qualified to be president.