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Archive for May, 2013

More stem-cell rot

Friday May 31st, 2013   •   Posted by K. Lloyd Billingsley at 9:16am PDT   •   3 Comments

The California Institute for Regenerative Medicine, the state’s $3 billion stem-cell institute, continues to put on a clinic on how to redistribute money to politically connected insiders. A recent federal review by the Office of Medicine, a division of the National Academy of Sciences, found CIRM rife with cronyism and conflicts of interest. Almost…
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The Bureaucrats’ Four-Day Weekend

Thursday May 30th, 2013   •   Posted by Craig Eyermann at 5:48am PDT   •   9 Comments

Do you really want to know just how screwed up the federal government’s priorities are? We have a great example from the four-day holiday that many government workers enjoyed during this week’s Memorial Day holiday weekend. We are informed by the media that approximately 5% of all federal workers were furloughed without pay from…
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Tuesday May 28th, 2013   •   Posted by K. Lloyd Billingsley at 8:42am PDT   •   6 Comments

Since the Sandy Hook massacre last year, California has introduced more than a dozen gun-control measures, headed by SB140 from state senator Mark Leno a San Francisco Democrat. This bill will confiscate handguns and assault rifles from some 20,000 Californians who acquired them legally but then through criminal convictions, restraining orders and mental illness…
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Keynesian Economics, R.I.P.

Monday May 27th, 2013   •   Posted by Burt Abrams at 10:59am PDT   •   8 Comments

In 2009, Keynesian economists in the Obama administration were downright giddy with excitement. The American Recovery and Reinvestment Act (ARRA) passed by congress was the “biggest peacetime fiscal stimulus in U.S. history” that promised to return the economy to full employment in short order. The Act’s $787 billion (equivalent to about 5% of our national output) in…
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Tesla Loan Payoff No Boost for Stimulus

Friday May 24th, 2013   •   Posted by K. Lloyd Billingsley at 8:00am PDT   •   5 Comments

Tesla Motors Inc. is paying back its government loan of $465 million in full, and nine years early. This is being billed as “a huge boost for the Obama administration and clean energy firms.” Actually it isn’t. It is customary to pay back loans in full, so that is hardly a news item, and…
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Bonuses for Top 1% Bureaucrats?

Thursday May 23rd, 2013   •   Posted by Craig Eyermann at 6:13am PDT   •   8 Comments

Did you know that the top-level bureaucrats who are doing the most to increase the negative impact of federal government spending cuts to the American people are in line to get big bonuses this year? Lindsay Wise of the McClatchy News Service reports: An elite group of federal employees is set to receive cash…
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Why “s— happens” with government

Wednesday May 22nd, 2013   •   Posted by K. Lloyd Billingsley at 9:16am PDT   •   6 Comments

“Look, s— happens.” That was California governor Jerry Brown, a former candidate for President of the United States, responding to reports of faulty bolts and rods on the new span of the Bay Bridge linking Oakland and San Francisco. The governor didn’t get into why, exactly, all that happened, but it’s worth a look….
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“Customer Service” at the IRS?

Monday May 20th, 2013   •   Posted by K. Lloyd Billingsley at 9:04am PDT   •   20 Comments

On May 17 outgoing IRS boss Steven Miller – president Obama fired him but he was going to resign anyway – testified to the House Ways and Means Committee about his agency’s campaign to target conservative groups seeking non-profit status. Mr. Miller contended that he did not mislead Congress or the American people. He…
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Hitting the Debt Ceiling

Sunday May 19th, 2013   •   Posted by Craig Eyermann at 9:43am PDT   •   1 Comment

On this Sunday, May 19, 2013, the U.S. federal government will metaphorically max out its credit card. Jeffrey Sparshott of the Wall Street Journal‘s Real Time Economics blog reports: The U.S. government will bump up against the federal debt limit this weekend, though a series of emergency steps will allow it to continue paying…
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Feds Apply Full Court Press

Friday May 17th, 2013   •   Posted by K. Lloyd Billingsley at 3:06pm PDT   •   2 Comments

The federal government is obfuscating about Benghazi and deploying the IRS against groups less than worshipful of government. As if that were not enough, the Justice Department is seizing the phone records of Associated Press reporters, which the AP calls a “massive and unprecedented intrusion” on press freedom. Ben Wizner of the ACLU called…
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