Pelosi Prediction Backfires on Health Law
Posted in Main Blog (All Posts) on June 24th, 2011 4:31 am by HL
Pelosi Prediction Backfires on Health Law
Shannon Bream, FOX News
Back in March 2010, then-House Speaker Nancy Pelosi, D-Calif,, uttered the now-famous words, “We have to pass the bill so that you can find out what is in it, away from the fog of the controversy.” Pelosi was talking about the health care law, and it appears she was right about the fact that it was full of unknowns.It turns out that, due to a glitch in the law, roughly three million middle-income Americans could wind up on Medicaid – which was designed to assist the country's poorest citizens.
Duped by Jose Vargas, Illegal Immigrant
Phil Bronstein, SF Chronicle
I was duped. I once hired an illegal immigrant to be a reporter for the Chronicle.”I don't think I'm a criminal,” Jose Antonio Vargas told me when we met last week, right before he announced his status to the world. “Don't make me seem guiltier than I am.”
Goodbye Official Recession, Hello General Slump
Steve Hanke, Globe Asia
The U.S. recession officially ended in June 2009. With that, a normal post-recession boom failed to materialize. Instead, an unwelcomed slump ensued. Since the recession bowed out, the average annual GDP growth rate has been a paltry 1.6% "” well below the long-run trend growth rate of 3.1%.The economic policy prescriptions of the Obama administration "” contrary to the President's oft-repeated assertions "” have failed to mitigate the damage from the Panic of 2008-09. Rather, they have kept the patient in sick bay.
