Sep 022009
 

Comparing January 2009 with August 2009:

Now, the President has stressed consistently that as far as we’re concerned, any degree of economic contraction is too much, and even more importantly, any job losses are too many. But the independent findings cited above make the critical point that if you’re only noticing that things are still bad without noticing that they’re getting better, you’re looking at the wrong benchmarks. The question is not, Are we still in hole? Of course we are; it took years to dig in, and it’s going to take a long time to dig out.

The relevant question is, Are we digging out faster thanks to the Recovery Act and our other economic policies? To that question, these independent analysts, and many others, unequivocally answer, “Yes.” …

Real GDP (1)
Then -6.4%
Now -1.0%

Job Losses (2)
Then -741,000
Now -247,000

Industrial Production (3)
Then -2.2%
Now 0.5%

Home Prices (4)
Then -2.1%
Now 0.7%

New Home Sales (5)
Then -10.2%
Now 9.6%

Consumer Confidence (6)
Then 37.4
Now 54.1

1: Real annual growth rates, 2009q1 and 2009q2
2: Payroll employment declines from January 2009 and July 2009.
3: Monthly percent change, Jan 09 and July 09
4: Case-Schiller, monthly percent change, Jan 09 and June 09
5: Monthly percent change, Jan 09 and July 09
6: Conference Board Index, 1985=100, Jan 09 and Aug 09

 Posted by at 12:54 am
Sep 012009
 

The Obama administration says it is prepared to handle a major natural disaster on par with Hurricane Katrina.

President Barack Obama’s White House and agencies are winning high marks from both Democrats and Republicans for efforts at both rebuilding and preparing for other storms, four years after Katrina destroyed the Gulf Coast and damaged the Bush administration’s legacy.

The Obama team went to work quickly after taking office, with Homeland Security Secretary Janet Napolitano issuing a department-wide directive — including to the Federal Emergency Management Agency (FEMA) — on Jan. 27 to ensure integration between state and federal agencies in planning for disasters.

On Jan. 28, Napolitano ordered a department review of plans to address Katrina’s “lingering impacts,” according to a White House fact sheet. And then on Jan. 29, FEMA announced an approved $23 million in Hazard Mitigation Grant Programs “to cover the entire cost of elevating 48 residential properties in Orleans Parish to the Advisory Base Flood Elevation.”

The Hill

 Posted by at 12:27 am
Aug 272009
 

The Obama administration’s Federal Communications Commission (FCC) plans to keep the Internet free of increased user fees based on heavy Web traffic and slow downloads.

Julius Genachowski, the FCC chairman, told The Hill that his agency will support “net neutrality” and go after anyone who violates its tenets.

The FCC can also look to Rep. Edward Markey (D-Mass.) for backing on the issue. The lawmaker introduced net neutrality legislation just before the onset of the August recess that would guard against discriminatory practices by network operators.

 Posted by at 3:07 am
Aug 262009
 

ba-sanmateo_0500518880

In the moments after a young man detonated two pipe bombs at Hillsdale High School in San Mateo, English language development teacher Kennet Santana didn’t have time to think about what he should do.

Instinctively, as students crouched for cover in their classrooms, Santana, 34, moved toward the explosions. He was confronted with the sight of the youth, wearing a tactical vest with what turned out to be eight other pipe bombs.

The teacher didn’t know the devices were bombs. He also didn’t know that the suspect, identified as a 17-year-old former student at Hillsdale, was armed with a chainsaw and a sword with a 2-foot blade.

All Santana knew was that this boy was a threat – and that he had to stop him. Without hesitation, Santana tackled the boy shortly after 8 a.m. Monday and yelled at other teachers to call for help. Principal Jeff Gilbert, counselor Ed Canda and Santana held the teenager down until police arrived.

Now, the campus community and authorities are crediting Santana with helping to avert what could have been a disaster: A law-enforcement source said the boy, whose name has not been released because of his age, nursed a grudge against some teachers and had planned to detonate all 10 pipe bombs before attacking students with the chain saw and the sword as they fled.

How unlike this role model:

Health Care Overhaul Moran

 Posted by at 3:41 am
Aug 222009
 

Gifted in so many ways, Obama has yet to prove that he has any affinity for sloth, for torpor, for nodding off in the middle of the day. One senses that he is a man for whom being lazy requires extreme discipline.

As a product of the meritocracy he has limited experience with the aristocratic concept of “summering.” He’s a grinder, a wonk, a careerist — the kind of person who, on the rare occasions when he takes a vacation, will write “Have A Beer” on his To Do list.

Obama in recent weeks has outed himself as a workaholic. The House of Representatives skeedaddled for vacation at the beginning of August, and the Senate a week later, but the president has continued to maintain an official schedule, holding town halls, hosting White House ceremonies, meeting with the Egyptian president, and apparently failing to notice that everyone else has left town.

Recent presidents have not been so vacation-averse. Some had ranches where they spent large chunks of their presidencies, clearing brush. But Obama has no ranch, and, if he did, it is hard to imagine that he would spend his time worrying about the brush at all. He is a pragmatist. He would delegate that work. “Hit it with the flame-thrower,” he would say.

Obama has made it most of the way through August without taking his vacation, but there’s no way he can postpone it any longer. After a Camp David interlude he is heading to Martha’s Vineyard. He must relax not simply for a few hours, but for an entire week-and-a-half of vacation….

The No-Fun Presidency may be largely imposed by outside forces. We live in a time of rampant sanctimony. Everyone wants to pass judgment on everyone else, and the president, always in the spotlight, can’t put his feet up on the desk without it becoming an international incident. Now just watch the reaction when he takes a few days off. How unconscionable! We’re in two wars! Health care hangs in the balance! Please, for the love of God, turn your Blackberry on!

On cue:

And yet:

On Thursday, Bush left for a weekend in Kennebunkport, Maine, and his family’s summer compound, Walker’s Point. On Monday, he heads to his Crawford retreat, where he has spent all or part of 418 days of his presidency, according to Mark Knoller, a CBS News White House correspondent and meticulous record-keeper.

…The presidential vacation-time record holder is the late Ronald Reagan, who tallied 436 days in his two terms. At 418 days, and with 17 months to go in his presidency, Bush is going to beat that easily.

Is Obama up to the challenge?

 Posted by at 7:01 am