Daily Archives: July 5, 2011

Important stuff they don’t teach you in school

 William Whipple, from New Hampshire,  was an original signer of the Declaration of Independence. He was a merchant, a judge, a Revolutionary War General and a member of the Continental Congress.

from Yahoo.com: Whipple freed his slave, Prince Whipple, who had fought with him in the war and was one of a group of slaves who had petitioned the Legislature for their freedom. Prince Whipple also is buried in the Old North Cemetery.


I’ll take that check, please

From the WeeklyStandard.com:

When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt.

The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the “stimulus” in adding or saving jobs. The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.

In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead.


Krauthammer: middle-aged maybe never work again

From RealClearPolitics.com:

“The problem is at the consumer level, confidence is low and that is because, as you showed, showed we had underemployment with one out of every six Americans. The worst element of that is that among the unemployed, against the American history, more than approaching half, have [been] unemployed for over six months. That is historically unprecedented in the United States. That is a phenomenon that is seen often in Europe, rarely seen here. In 2007 the average time to get a new job was five weeks. It’s now near six months. And that implies a whole segment of the population, the more elderly or the middle-aged who may never get employed again,” Charles Krauthammer said on FOX News this evening.