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Let's Party Like it's 1929
Rich Galen
Wednesday September 22, 2010
Click here for an Easy Print Version
From Park City, Utah
As if the "Recovery Summer" that wasn't, wasn't embarrassment enough for the Obama Administration, there was the announcement on Wednesday that the recession had actually ended in June 2009 - 2009!
Then, on Tuesday, as if to demonstrate just how well we've been doing since then, the Bureau of Labor Statistics released its State-by-State survey of unemployment rates and found two new members of the 10-percent-or-higher club: Georgia and Kentucky.
That brings the number of states with double-digit unemployment to 13 - kind of an ironic number when you think of all those "Don't Tread on Me" flags that were waving at the Glen Beck Rally a couple of weeks ago.
If you want to see where your state ranks, click HERE.
I Tweeted that if the recession has been over for 15 months, and this is how Obama and his handmaiden, Joe Biden, describe a recovery; then we should all party like it's 1929.
SIDEBAR
On October 29, 1929 the Dow Jones Industrial Average lost nearly 13 percent of its value on that day, known as Black Tuesday. In today's terms the Dow would have lost nearly 1,400 points yesterday.Wonder what CNBC's Rick Santelli would have had to say about that on Squawk Box this morning?
END SIDEBAR
Still more excellent economic news from the Obama White House: Larry Summers will be leaving his post as Director of the National Economic Council to return to Harvard but not, as I had hoped, as the head of Women's Programs.
For those who might have slept through the lecture on Larry's brief tenure as President of Harvard, he was essentially fired after he said in a speech that the reason that women are, as the Harvard Crimson reported it, "underrepresented in the sciences at elite universities is because of 'innate' differences" between gals who spend their time happily drawing "I Love You" hearts in the margins of their calculus texts and men busily calculating Pi to 1,000 decimal places during happy hour at their local bar.
OK, that may be a tad overstated for dramatic impact, but not by much. If Summers had been a Republican, that speech and its effect on his Harvard career, would have been recounted every time his name appeared in print which would not have been very often because the babes from NOW and their allies in the popular press would have refused to allow his White House appointment in the first place.
Speaking of people we hope never to see again, Jimmy Carter was featured on CBS' 60 Minutes last Sunday and renewed the nation's carefully considered opinion of him: He is the most small, mean, petty, vindictive, unpleasant, spiteful (is that redundant for vindictive?) excuse for an ex-President in the history of the Republic.
He is hawking the publication of his diary which he allegedly kept during his happily short term in office.
Carter blamed Sen. Ted Kennedy for scuttling a comprehensive health care bill solely because "He did not want to see me have a major success in that realm of American life."
[Note for the files: Carter waited until Kennedy was dead to make that claim - another reason he is held in such appropriately low regard by the American people.]
And, as long as we're talking about people who were flummoxed by Iran, here's another good reason I would close the U.N. building in Manhattan and pay to have a new headquarters built in someplace like N'Djamena.
Dear Mr. Mullings:
What, who, or where is N'Djamena?
Signed,
The Explorers Society of Old Town Alexandria, VA
It's the capital of Chad, a country in Africa.
Heads of state from around the world are clogging New York City for the annual opening of the United Nations General Assembly and at a curtain-raiser, Iran's Mahmoud Ahmadinejad blamed the woes of the world on capitalism which, in his view, is on its last legs, saying:
"The discriminatory order of capitalism and the hegemonic approaches are facing defeat and are getting close to their end."
Reuters reported:
"Ahmadinejad had drawn large crowds for previous U.N. speeches but Tuesday's address was delivered to a virtually empty hall."
What? Even with punchy prose like that?
Never mind. I see the flappers are taking the floor and the band has struck up the "Charleston."
Whoo hoo! 1929, baby!
On the Secret Decoder Ring page today: Links to just about everything above plus a Mullfoto I've been chuckling over for about five days and a Catchy Caption of the Day.
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