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November 30, 2009

Dow Jones is up about 26% since Obama took office

Filed under: Featured — Tags: — admin @ 6:33 pm

It’s unfortunate the Bush administration was asleep at the wheel while the entire economy collapsed and millions were laid off, bankruptcies and foreclosures skyrocked.

Free-fall collapse in full momentum when Obama took over.

Not an easy thing to turn around.

However, the Dow Jones is up about 26% since Obama took office. GDP grew for the first time in a long time. Unemployment if not expected to begin turning around into positive numbers until about March.

November 21, 2009

Dow Jones Industrial Average November 23-28 2009

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October 31, 2009

Obama’s Yellow Teeth? My Dentist Says His Dentist Went Too Far

Filed under: Featured — admin @ 1:11 pm

Obama’s Teeth: My Dentist Says His Dentist Went Too Far

“His veneers look great.” That from my dentist showing me a magazine cover of Barack Obama, pointing out what he claims is cosmetic work done on the President-elect’s upper front teeth.

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“How can you tell?” I asked. He looked at me as though I’d asked, “You mean there was an election?” He said it was obvious just looking at Mr. Obama’s mega-watt smile.

“Every (cosmetic dentist) association meeting this year will have huge posters of Obama everywhere,” he told me. He pointed to the President-elect’s canines, which my dentist said were natural, as opposed to the front four teeth. He pointed to the striations on one tooth meant to make it look natural. “His dentist may have gone too far there.”

I asked him which Hollywood celebrity’s teeth makes him nuts, teeth he’d kill to fix. “George Clooney,” he said without missing a beat. “He looks like an old grandfather with those teeth!”

WE DON’T NEED A WEATHERMAN FOR THIS ECONOMY
There was a food giveaway this weekend in Southern California, and 5,000 people showed up. Stunning. Earlier, I was at the home of former Mayor Richard Riordan to honor the new head of the Salvation Army in this region, Major Victor Leslie. Major Leslie, a gifted speaker born in the Caribbean, pointed to a man in the crowd who came into a Salvation Army shelter 25 years ago. The man was a veteran down on his luck who ended up going to college and becoming executive director of the very facility he first walked into. It is yet another success story for the 150-year-old church. These days, however, “the need is so much,” Major Leslie says. He took the Bob Dylan lyrics, “We don’t need a weatherman to tell us which way the wind blows,” and said, “We don’t need a weatherman to tell us which way the economy is blowing, it’s blowing in our face.”

By the way, as I went up to introduce myself to Major Leslie, in line in front of me was…Judge Lance Ito!

WHERE’S MY FREE DR. PEPPER?
As die-hard readers will recall, Funny Business broke the story earlier this year that Dr. Pepper would give away a free can of pop to everyone in the country if Axl Rose released “Chinese Democracy” this year.

Well, now he’s released the long-awaited album, and it’s time for the good Dr. to cough up. Except according to Perez Hilton, apparently everyone, and I mean everyone, wants to be a Pepper, too.

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October 30, 2009

Douglas Hoffman Shocking Facts

Filed under: Featured — Tags: — admin @ 12:13 pm

Douglas L. Hoffman (Born 1953) is a Lake Placid, New York businessman and accountant. He is a candidate for Representative from New York’s 23rd Congressional District.

Hoffman has been married since 1973. He has 3 children and 4 grandchildren. He and his family live in Lake Placid.

Business Career

Hoffman graduated in 1973 from SUNY Plattsburgh with a Bachelor’s Degree in Accounting. Hoffman earned his Masters of Business Administration in Finance and Accounting from the University of Connecticut in 1976 and his certification as a CPA in 1977.

While in school, Hoffman enlisted in the United States Army serving as a member of the New York State National Guard from 1970 to 1973 and the U.S. Army Reserves from 1973 to 1976. Hoffman held the rank of Staff Sergeant at the time of his discharge.

In 1977, Hoffman served as controller for Lake Placid Olympic Organizing Committee, which was the architect of the 1980 Winter Olympics.

Hoffman currently is the managing partner of the Dragon Benware Crowley & Co., P.C. accounting firm and oversees Hoffman Family Enterprise.
2009 run for Congress
Main article: New York’s 23rd congressional district special election, 2009

On June 2, 2009, Republican U.S. Rep. John McHugh was appointed Secretary of the Army by President Barack Obama. In anticipation of an upcoming special election to fill McHugh’s seat in New York’s 23rd Congressional District, the Republican Party endorsed Assemblywoman Dierdre Scozzafava. The Conservative Party of New York decided not to cross-endorse the Republican candidate. On August 7, 2009, the Conservative Party chose Doug Hoffman to be its nominee. After McHugh’s nomination was confirmed by the U.S. Senate, he resigned his seat in Congress. Four days later, Hoffman signed the Taxpayer Protection Pledge sponsored by Americans for Tax Reform. The Taxpayer Protection Pledge is a written pledge to oppose and vote against all income tax increases for individuals and businesses.

Hoffman’s policy stances are at odds with Scozzafava’s, including being pro-life and anti-gay marriage. He supports adding troops to Afghanistan and has stated that he may run for Congress in 2010.

October 29, 2009

House Unveils Healthcare Reform Bill

Filed under: Featured — admin @ 1:36 pm

source
The robust public option apparently hasn’t survived the drama that played out on the other side of the Hill this week, with a handful of moderates emboldened to act like moderates and water it down. The basics:

Members of the House Democratic leadership team offered these details of their bill, to be unveiled on Thursday. It would provide coverage to 35 million or 36 million people. The 10-year cost of expanding coverage would be less than the $900 billion ceiling suggested by President Obama. The cost would be offset by new taxes and by cutbacks in Medicare, so the bill would not increase the federal budget deficit in the next 10 years or in the decade after that.

The new bill, like an earlier version, retains a surtax on high-income people, but increases the thresholds. The tax would hit married couples with adjusted gross incomes exceeding $1 million a year and individuals over $500,000 — just three-tenths of 1 percent of all households, Democrats said….

The new House bill would expand Medicaid to cover childless adults, parents and others with incomes less than 150 percent of the poverty level, or $33,075 for a family of four. This goes beyond the earlier House bill and a companion measure in the Senate, which would extend Medicaid to people with incomes less than 133 percent of the poverty level ($29,327 for a family of four).

This change saves money. It is less expensive for the federal government to cover low-income people under Medicaid than to provide them with subsidies to buy private insurance.

Taxing the wealthy instead of so-called “Cadillac” health plans, often those plans negotiated by labor that trade off high wages for good coverage, is a key improvement in the House bill as opposed to the Senate bill, as is the Medicaid expansion More details as they come.

It’s not clear, however, that progressives will be onboard:

“We were laughed at in August. Who would have thought that the Senate bill would have a public option?” said Rep. Lynn Woolsey, D-Calif., a co-chair of the Congressional Progressive Caucus.

Woolsey was noncommittal about whether progressives would accept the negotiated rates. “This is not walkaway time and it is not acceptance time,” Woolsey said.

Members of the progressive caucus, along with lawmakers from the black and Hispanic caucuses, were scheduled to meet with Obama at the White House on Thursday, she said.

We don’t yet know what the floor situation will be, what amendments if any will be allowed.

You can watch the announcement streamed on C-SPAN.

Update 1: No real news here. Closing the donut hole is good.

Update 2: Covering 96% of Americans is higher than the SFC version of the bill. We haven’t seen yet where the combined Senate bill will be as details are being held until the CBO scores.

Update 3: The tea-bagger protest is pretty weak tea.

Update 4: The Ed and Labor Committee has a clearing house page for all things related to this bill, with more being added throughout the day, I’m told.

Update 5: The “real people” stories start. A nice touch.

Update 6: The bill text is here [pdf].

Update 7: What is so frustrating here is that the robust public option would have saved even more for the government, for all of us. Those “fiscally responsible” Blue Dogs spiked it.

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