Wednesday, June 1, 2011

Barack Obama - #2950 - Obama and the Frog Pot Boil - American Thinker (2) ADP Private Jobs Growth Report Stinks - Hot Air (3) Housing Prices Low - American Thinker

We all know the metaphor for dangerous incrementalism: put a frog in a pot, slowly raise the temperature, and the frog will boil to death. For generations, liberalism has cleverly coordinated the country's slow, incremental push leftward: exploiting sympathies for the poor and sick to expand all things government and hammering the benefits of social justice, diversity, and multiculturalism to expand government into a centralized behemoth. The 2008 financial crisis provided cover for further governmental expansion, ushering in the presidency of Obama. With a nation on the ropes and control of the White House and Congress, liberalism had a straight path to its inveterate goal: irreversible European-style socialism here in the U.S. Fortunately, unchecked hubris triggered a reversal that may well save this nation.  Following the frog pot metaphor, an arrogant Obama walked up to the stove unsure of why no one simply spun the dial to high and boiled away our remaining liberties and free-market prosperity. Perhaps he thought, as he has been told much of his life, that nobody before him was brilliant enough to sort out this bothersome delay. It looked so easy. In came Obama, up went the temperature, and out leapt the Tea Party and a public awareness and involvement that outsized even his unprecedented hubris. Chances are that slow-cooking frogs will never be easy again.  Read more........

ADP Private Jobs Growth Report Stinks - Hot Air - The Department of Labor will publish the next monthly unemployment report on Friday, but one early indicator suggests that the White House will need to ramp up its spin. ADP’s report for private-sector job growth in May puts new jobs at just 38,000, down from 190,000 in April (via JWF):  Employment in the nonfarm private business sector rose 38,000 from April to May on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The estimated change of employment from March 2011 to April 2011 was revised down slightly to 177,000 from the previously reported increase of 179,000.  Read more.......

Housing Prices Low - American Thinker - Tomorrow, it is expected that a widely watched housing index will show that prices for homes are lower than they were at the bottom of the housing crash two years ago. In other words, you ain't seen nothing yet. The New York Times: Disenchantment with real estate is bound to swell further on Tuesday when the most widely watched housing index is all but guaranteed to show that prices of existing homes sank in March below the lows reached two years ago - until now the bottom of the housing crash. In February, the Standard & Poor's/Case-Shiller index of 20 large cities slumped for the seventh month in a row.  Read more.......

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